Insurance rates going up?
#1
Racer
Thread Starter
Insurance rates going up?
I just received my new notice for car insurance, and I see that the rates have increased a little over 25% in just one year. I called the insurance company (Geico) and they said the rate increases are for everybody, not just me. Have others noticed an increase this year?
#2
I have Geico, and mine did go up as well. It was a blanket increase, the amount determined by state I was told. Im almost positive it was directly tied to distracted drivers, or compensating for those accidents.
#3
Rennlist Member
Yes same conversation also Geico
#4
Hmm, my renewal is coming up in August. I've been using GEICO as well, but my homeowner's insurance agent has been diligently trying to get me to combine my auto and home policies. If the increase is significant, I might have to give him another chance to do some policy voodoo to see how it all shakes out.
#5
Racer
Thread Starter
Would others who see increases mind posting their state and the approximate percentage increase? I suspect CA has the largest increases, because CA, that go along with the increases in CA car registration fees as well. (This wacky state is a utopia for some, I suppose.)
#6
Would others who see increases mind posting their state and the approximate percentage increase? I suspect CA has the largest increases, because CA, that go along with the increases in CA car registration fees as well. (This wacky state is a utopia for some, I suppose.)
#7
Rennlist Member
My renewal is due very soon, also in CA, I'll check back in and report. It actually went down when I went from Audi RS5 to the 911.
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#8
Race Car
Join Date: Oct 2002
Location: Fairfax County, Virginia
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I have Geico - no increase in Virginia. Or at least for me.
#12
Mine (Geico) went up as well, about 20+%. This is not exclusive to P-car owners however. A guy I work with just went from approximately 4K annually to 5.5K for all of his cars. He has a top of the line Lexus sedan.
#13
Rennlist Member
I've been AAA member for over 20 years and have my insurances bundled and multi-vehicle so I can't tell if massive increase for me for next renewal, especially since recently moving from Panamera to 911, I only saw slight increase I believe.
#15
Cali. Geico policy for my 991 and Lexus LS460 went up by about 13% when I renewed last month. Got quotes from other companies. Nothing came close, so I'm staying with Geico for now.