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Old 09-24-2017, 09:00 AM
 
Location: Pasco County, Florida
118 posts, read 129,449 times
Reputation: 189

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I live in Pasco County Florida, on the Gulf Coast. In the past year I saw my Auto Insurance premiums rise considerably. From $610 to $716 for a six month policy. So I decided to look for cheaper insurance. I have been dumbfouded by the quotes I am getting. Anywhere from $4000 which was the cheapest with Direct Insurance to almost Eight Thousand with Farmers. This is getting ridiculous.

I am a 69 year old man. Have not had an accident in over twenty years. ( Only one when I was in my late twenties ) I cannot understand why I am getting such high quotes. I am driving a 2015 Toyota Tacoma, which is partly financed. I don't know if that could be the reason. When I asked these companies why it was so expensive, they simply said. " Florida is a high risk state."

I'm curious, has anyone else had their insurance premiums suddenly skyrocket? [CENTER]Save[/CENTER]
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Old 09-24-2017, 09:10 AM
 
18,362 posts, read 24,818,825 times
Reputation: 15337
I think you need to recheck your math.
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Old 09-24-2017, 09:12 AM
 
Location: Sunny South Florida
5,014 posts, read 2,330,035 times
Reputation: 4598
I noticed my insurance jumped, too. Like you, I only pay it every six months, and it went from $540-ish to $610 on a compact car that's seven years old! In my case it's been paid off for years, so I don't think financing has much to do with the rise. I think roughly $100 a month for insurance is the most I ever paid for car insurance, even when it was new and I was younger.
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Old 09-24-2017, 10:19 AM
 
Location: Port Charlotte
3,816 posts, read 3,722,644 times
Reputation: 3185
Combination of uninsured drivers, illegals driving with no license/insurance. Aso rates tend to be set by areas. High accident area/high claims area equals higher rates.
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Old 09-24-2017, 11:35 AM
 
3,228 posts, read 5,293,291 times
Reputation: 2317
Quote:
Originally Posted by Kenny48 View Post
I live in Pasco County Florida, on the Gulf Coast. In the past year I saw my Auto Insurance premiums rise considerably. From $610 to $716 for a six month policy. So I decided to look for cheaper insurance. I have been dumbfouded by the quotes I am getting. Anywhere from $4000 which was the cheapest with Direct Insurance to almost Eight Thousand with Farmers. This is getting ridiculous.

I am a 69 year old man. Have not had an accident in over twenty years. ( Only one when I was in my late twenties ) I cannot understand why I am getting such high quotes. I am driving a 2015 Toyota Tacoma, which is partly financed. I don't know if that could be the reason. When I asked these companies why it was so expensive, they simply said. " Florida is a high risk state."

I'm curious, has anyone else had their insurance premiums suddenly skyrocket? [CENTER]Save[/CENTER]
4,000 to $8000? Do you mean $400-$800. Have you had a speeding ticket? More than 1 driver and their history of driving? Bad credit? Area where you live? All those make insurance go up.
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Old 09-24-2017, 02:15 PM
 
Location: Spring Hill, Florida
2,413 posts, read 3,733,445 times
Reputation: 2528
I am with 21st Century (owned by Farmers) which is being sundowned in FL (and most everywhere else). They quoted me a new policy with Foremost (also owned by Farmers) for $1452 for three vehicles, three drivers, comprehensive. Last year with 21st Century it was $1460. When I shopped last year, I insane quotes from various companies, some more than double what I paid to 21st Century.

Ironically, they included an "adverse action" credit notice saying that I didn't get the best rate because I haven't been at my address for 60 months, but only 59 months (yes, they actually stated that). Well, come mid-November when the existing policy is up and it's time for a new policy, I will have lived here for over 60 months. So, I plan on calling them to discuss this point and see if that generates a lower rate.
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Old 09-25-2017, 01:09 AM
 
1,610 posts, read 727,491 times
Reputation: 2987
About the same as last year. 2 vehicles, 100/300/100 500 deductibles on comp and collision. 445 every six months paid in full. Progressive.

Credit score is one of the biggest factors in your rates. Location and driving record after that.
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Old 09-25-2017, 08:44 AM
 
Location: Orlando, FL
329 posts, read 251,221 times
Reputation: 236
My premium went up about 14% this past year. They gave me the same nonsense that they give everyone else: "it's a shared cost that we have to compensate for." Or something along those lines. No wonder FL is such a highly uninsured state. People have to practically take out a second mortgage just to afford to insure their car. It's insane, but yes, we do have a lot of negative factors that contribute to it as others have stated. It's a terrible state to drive in, one of the worst in the country.
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Old 09-25-2017, 12:08 PM
 
472 posts, read 824,187 times
Reputation: 1203
Trucks are expensive to insure and, I hate to point this out, but you will be turning 70 during the policy period. Auto insurance rates tend to creep up in your 60's and start jumping up after that.

Have you taken a mature driver course? I think you can get a 10% discount for three years if you take one and you can do it online. I've used this company before for my son after he got a ticket: Mature Driver Florida Auto Insurance Discount
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Old 09-26-2017, 07:46 AM
 
Location: Heartland Florida
9,320 posts, read 22,176,687 times
Reputation: 4857
This is a result of the Fed's low interest rates. Insurance companies are losing billions on investments so they are raking it from us.
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