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Old 01-05-2024, 09:19 AM
 
14,459 posts, read 20,637,389 times
Reputation: 7995

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Quote:
Originally Posted by howard555 View Post
We had the same vehicles with Allstate and got tired of never ending 10-13% increases.
1990 vehicle and a 2000 vehicle.
bodily 50K 100K 50K
uninsured 25K 50K 25K
under 25K 50K 25K
Nothing else.
Progressive finally stuck us with a higher increase than the previous nominal ones.
$281 for 6 months and 2 cars.
Previous were August 2022 premium $257, February 2023 premium $260, August 2023 (due August 2) $256.

256/281 is 9.7%
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Old 01-05-2024, 02:06 PM
 
Location: Phoenix, AZ
6,341 posts, read 4,894,516 times
Reputation: 17999
Quote:
Originally Posted by howard555 View Post
Progressive finally stuck us with a higher increase than the previous nominal ones.
$281 for 6 months and 2 cars.
That's still dirt cheap. Do you have just liability minimum limits on a couple of old cars?

Oh, I found your coverage in an earlier post:

1990 vehicle and a 2000 vehicle.
bodily 50K 100K 50K
uninsured 25K 50K 25K
under 25K 50K 25K


If you were to increase your limits to match mine your premium would probably be close.

I pay $418 for 6 months on 2 older vehicles in Phoenix.
2011 Crown Vic and 2003 Dakota.

BI/PD 100/300/100
UM/UIM 50/100

Rates have been stable on State Farm's Drive Safe and Save program.

June is my next renewal.

Last edited by adjusterjack; 01-05-2024 at 02:15 PM..
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Old 01-05-2024, 02:13 PM
 
14,459 posts, read 20,637,389 times
Reputation: 7995
Quote:
Originally Posted by adjusterjack View Post
That's still dirt cheap. Do you have just liability minimum limits on a couple of old cars?
Live outside the city?
I pay $418 for 6 months on 2 older vehicles in Phoenix.
BI/PD 100/300/100
UM/UIM 50/100
Rates have been stable on State Farm's Drive Safe and Save program.
June is my next renewal.
50-100-50
under 25-50-25
vehicles are 1990 and 2000
Inside the city
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Old 01-05-2024, 02:50 PM
 
15,407 posts, read 7,468,300 times
Reputation: 19339
Quote:
Originally Posted by howard555 View Post
50-100-50
under 25-50-25
vehicles are 1990 and 2000
Inside the city
Your underinsured coverage should be the same as your own liability coverage. If someone hits you and has 25-50-25 liability, you will not get a dime from your underinsured coverage.

We carry 250/500/100 for liability
250/500/50 for un/underinsured
Comp/Collision with $500 deductible

2010 4Runner and a 2022 Subaru and 3 drivers, one is 21. $1800 for 6 months. Yeah, Houston is expensive for car insurance.
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Old 01-08-2024, 09:55 PM
 
14,400 posts, read 14,292,176 times
Reputation: 45726
I found this interesting article explaining why car insurance premiums are rising and rising faster than the rate of inflation. At the bottom of is the fact there are more accidents than there were before 2021 and insurance has to pick up the additional costs.

Quote:
https://www.aol.com/car-insurance-co...203000869.html

The cost of car insurance shot up 19% in just one year, the latest Bureau of Labor Statistics data shows, significantly more than the overall inflation rate of 3%.

The vast increase outpaced every other spending category tracked by the BLS in November. It is strikingly out of place alongside otherwise cooling inflation. What's more, the cost of new cars grew just 1.3% since last year after a period of record highs, and the cost of used cars and trucks actually fell.

So why the increase in car insurance costs? CheapInsurance.com identified reasons insurance costs are spiking, and compared historical inflation to the rising cost of car insurance using BLS data.

While the past year's insurance premium spikes have been particularly jarring, car insurance costs have increased faster than overall inflation for most of the past decade. That's largely due to faster cost increases in vehicle repairs, medical care, and (to some extent) legal costs, which all directly affect insurance agencies' expenses.

Ownership and use of cars are also on the rise, meaning more congested roads and, in turn, more accidents. To top it off, distractions while driving have surged in the age of technology, again causing costly crashes that insurance providers must cover.
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Old 01-15-2024, 06:16 AM
 
17,285 posts, read 22,013,755 times
Reputation: 29617
Quote:
Originally Posted by WRM20 View Post
Your underinsured coverage should be the same as your own liability coverage. If someone hits you and has 25-50-25 liability, you will not get a dime from your underinsured coverage.

We carry 250/500/100 for liability
250/500/50 for un/underinsured
Comp/Collision with $500 deductible

2010 4Runner and a 2022 Subaru and 3 drivers, one is 21. $1800 for 6 months. Yeah, Houston is expensive for car insurance.
Funny my state farm agent swears Texas is cheaper than Florida. Houston is 4th largest city in America (lots of traffic/crime so insurance will reflect that).
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Old 01-30-2024, 05:42 PM
 
3,184 posts, read 1,657,476 times
Reputation: 6053
It's possible like some predicted that in the future nobody buys a car anymore. We all just rent or subscribe to cars. Car ownership will no longer be affordable as the cost of ownership will put a lot of people out of ownership. And EVs no longer worth owning when the battery die out after 4-5 years.
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Old 02-01-2024, 07:23 PM
 
3,322 posts, read 7,969,505 times
Reputation: 2852
You realize the automotive industry is gigantic, right? That's some 50+ years talk. Nothing within the next few generations.
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Old 02-03-2024, 07:05 PM
 
Location: Phoenix, AZ
6,341 posts, read 4,894,516 times
Reputation: 17999
Quote:
Originally Posted by MKTwet View Post
It's possible like some predicted that in the future nobody buys a car anymore.
That's right.

In the future we will all have rocket backpacks to take us anywhere we want to go.
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