Car insurance is ridiculous
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Anonymous
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We drive a very modest Mazda 3 that’s now 8 years old with 125k miles. 2020 our insurance bill was $530 every 6 months. 2021 they jacked it $620. 2022 raised to $680. In 2023, it ballooned to $735. Just got the damn bill for the first half of 2024 and they jacked it up further to $856!
Yes, I am cognizant of the fact there is inflation in auto parts, but over a 50% increase in 4 years for a car that is now 4 years older with many more miles is absurd. Since when does it cost almost $2k per year now to insure a POS Mazda 3 that’s 8 years old? I can’t even imagine how much money people are dumping into a fire pit on car insurance for households that have 2 newer cars or own cars that are much more luxury. Are people paying $2-3k per year for car insurance now? Car insurance inflation is out of control. Yes, I know I am getting ripped off because we are being loyal to a company. We are going to shop around now. I’ve reached a breaking point. |
Anonymous
| They say that all the car jackings are a victimless crime because insurance pays. But clearly someone else has to pay with increased premiums. It’s the same with all the businesses that are getting robbed. |
Anonymous
+1. It's the crime, not the parts. |
Anonymous
| Shop around and raise your deductible. |
Anonymous
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It is insane. Even with shopping around, my agent said that in Virginia there was a recent big increase for everyone based on a number of factors including new legislation. So everyone is just paying a ridiculous amount right now.
It is frustrating when you have a sterling driving record and no claims in many years. |
Anonymous
| We need an insurance company that denies the people that make a lot of claims |
Anonymous
| So which company has the lowest rates? |
Anonymous
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Stuff is more expensive. Just is. Yes shop around. But you need the coverage and will have to pay. Not sure why you are so mad. This is a pretty tight run industry -- less claims less cost -- more claims payments go higher.
This is like people in Cali upset a Big Mac is $20. You all voted for the high wages. Now you have to live with it. |
Anonymous
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You should shop around and look at your coverage. You may have too much damage protection insurance on your car, considering your own insurer may be likely to just claim it’s not fixable if you get into an accident since the salvage value will be less than repairing.
I live in DC and only pay $1200 for a nearly brand new SUV and two teen drivers (which jacked up the premium from like $400). |
Anonymous
| NP. I have been shopping around, thinking surely we can do better than the rates we have now for three vehicles (about 3300 year total). Nope. Same rates everywhere. |
Anonymous
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car insurance is the new dental insurance. costs $$$$ and you get the finger.
The main reason why rates are skyrocketing is because of huge corporate thievery and they gamble in the stock market with YOUR money. Has nothing to do with crime. Just white collar crime. |
Anonymous
True. I was the victim of an attempted carjacking and got away by not following law enforcement’s pansy advice to just give the keys over. My long time insurer doubled my rate. I used an online broker to get my rate cut back to what I paid in 2021 for the same coverage from a direct competitor. |
Anonymous
| It is the same here in Texas. |
Anonymous
| Which online broker? Didn’t that ding your credit? |
Anonymous
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Just got my condo insurance renewal - $440 last year and now $680, an increase of over 50% in one year. This thing was like $200/year for a long time.
These are small amounts in absolute terms, but I'm still going to shop it because I think they're just gouging at this point. |