Car insurance keeps going up

[skip]

Sorry double post

 

[jfrey123]

Premiums are heavily based on zip codes. If there are alot of accidents/vadanlism/theft/fires in a certain zip code, then premiums will be higher in that zip code. That's why your asked for the garaging zip code.

Zip code, driving history (official DMV and shared insurance info), credit scores, loss ratios based on vehicle type, and age/marital status seemed to be the most dramatic factors when I was in the biz.

 

[Bulleteater]

Blame your lawmakers in Carson City for the increase in car insurance. :thumbdown:

SB308 was a bi-partisan bill from the 2017 session, main sponsors were lawyers (although surprisingly our pro-2A friend, and rancher, Jim Settelmeyer, was listed as a main sponsor, so go figure), and it passed the Assembly 32 to 8 with 2 excused, and the Senate 16 to 5 [link].

No surprise that lawyers like Aaron Ford (D) and Becky Harris (R) were giddy about this bill as their slimy ilk are the ones who stand to benefit most from its passage.

Maybe we should pay just as much attention to these type of bills as we do to the gun bills? Jes sayin.

Some folks dismiss state politics, preferring the circus of Capitol Hill. They laugh when I tell them state politics is even MORE important because it affects all of us directly. Consider this car insurance bill Exhibit A.

When time permits I plan to listen to the hearings to see exactly who testified in support and who testified in opposition of SB308.

 

[skip]

Zip code, driving history (official DMV and shared insurance info), credit scores, loss ratios based on vehicle type, and age/marital status seemed to be the most dramatic factors when I was in the biz.

Iam on the claims side of things so i don't get into the details but yes, zip code, driving history and certaim vehicle loss patterns are what I see effect cost the most.

Blame your lawmakers in Carson City for the increase in car insurance. :thumbdown:

SB308 was a bi-partisan bill from the 2017 session, main sponsors were lawyers (although surprisingly our pro-2A friend, and rancher, Jim Settelmeyer, was listed as a main sponsor, so go figure), and it passed the Assembly 32 to 8 with 2 excused, and the Senate 16 to 5 [link].

No surprise that lawyers like Aaron Ford (D) and Becky Harris (R) were giddy about this bill as their slimy ilk are the ones who stand to benefit most from its passage.

Maybe we should pay just as much attention to these type of bills as we do to the gun bills? Jes sayin.

I have mixed emotions on raising the minimums. With the sky rocketing cost of fixing vehicles that are getting more complex every year it's hard to fix a car for under 10k that was involved in anything other then a fender bender.

What really needs to be done is a crack down on fraud and the insurnace company's need some more power to fight frivolous lawsuits. Insurance company's have no recourse to recoup lost money from BS lawsuits or claims. The companys are just expected to take it. If someone makes up a fake injury against an insured and it was determined to be fake, the insurnce companies do not have any recourse in trying to get back all the money they send fighting that false claim.

 

[dsmacey]

I personally am glad to see the minimums raised, as I believe they were way too low.

I have had two accidents on my policy in the last couple of years, both were the other driver's fault clearly and police report and tickets were issued to prove that.

In both cases, the driver of the other vehicle had the minimum coverage.

In the first case, I had to exercise my underinsured policy to cover the damage to the vehicle. Fortunately, Geico was quite good during it all and it was not too difficult to deal with.

The second included and injury to the other driver on my policy, and once again the minimum was not nearly enough to cover the costs. So again, I had to exercise the underinsured part of my policy.

In the last case, we are going after the driver's assets as well. And the sad thing is you really have no choice but to hire an attorney, even to deal with your own insurance company at times but especially the opposing insurance company. There is just no other way to make progress without one.

I am not sure what the solution is. All I know is because of a very bad situation with my parents and minimum coverage issues, I not only have mine now maxed out I also have a large umbrella policy on top of it.

Like my opinions on drug driving, driving without insurance should carry a much steeper penalty than it does.

Drive drunk, lose the car you were driving regardless of whose it is, in my opinion.

Drive without insurance or the means to cover damages YOU caused, not sure how steep the penalty should be but what we have now is not enough nor is it enough of a deterrent to stop it from happening.

Bulleteater, I can understand your position to a degree, but honestly I cannot accept that the current minimums are enough. The new ones that go in to effect July 1, 2018 are better and should help so I guess in the end I am all for them being raised.

And by the way, both accidents mentioned above? Rear ended while sitting at a stop light. In both cases, I nor the other driver on my policy was even moving. Just sitting at a red light and wham!

And in both cases the hit was hard enough for the at fault driver's airbags to go off.

 

[Wolfn8tr]

Interesting. I do believe our policy is due to renew next month so I shall see if it goes up

Well it went up $40 more a month. [emoji849]

 

[titanNV]

Holy crap that's almost $500 a year!!!

I had to look it up. Mine went from $395/6 months in June to $453/6 months in Dec for our 2011s with full coverage 100/300 coverage. That's nearly a 15% increase!

 

[DonTom]

Holy crap that's almost $500 a year!!!

I had to look it up. Mine went from $395/6 months in June to $453/6 months in Dec for our 2011s with full coverage 100/300 coverage. That's nearly a 15% increase!

Be glad you don't have 16 motor vehicles (nine are motorcycles) to insure as I do.

-Don- Reno, NV

 

[Clockwork]

My new 6 month premium just came in, went up 14$ a month for full coverage on 1 car.

 

[Tony Shelton]

From $876 to to $1219, not including commercial vehicles.

Unbelievable.

 

[glennc]

So is mine. But after so many vehicles (I am way over the limit, owning 15 motor vehicles- 8 are motorcycles) USAA will force you to go with Progressive on more than so many vehicles (I forgot the number, but I am way over it).

-Don- Reno, NV

I also use USAA for my cars, but were told they don't insure motorcycles, so I have Geico on my Harley. I guess I too will see a rate increase...bummer.

 

[DonTom]

I also use USAA for my cars, but were told they don't insure motorcycles, so I have Geico on my Harley. I guess I too will see a rate increase...bummer.

It looks like you're right. I just noticed 8 of my nine bikes are with Progressive. The other (electric motorcycle for Auburn) is insured in CA by Drive Insurance, which I think also has something to do with Progressive.

I think what I was confused with is that Progressive will only put four motorcycles on one policy and that was the limit I was over, so I have two policy numbers for the eight NV bikes.

But they will list all four bikes on one insurance ID card, so I only need two insurance ID cards for the eight bikes. Perhaps that's the reason, only room to list the four on one insurance ID card.

-Don- Reno

 

[Wolfn8tr]

Holy crap that's almost $500 a year!!!

I had to look it up. Mine went from $395/6 months in June to $453/6 months in Dec for our 2011s with full coverage 100/300 coverage. That's nearly a 15% increase!

I will be shopping around. We have no tickets or accidents and our vehicles are a year older now. :wtf?:

 

[jfrey123]

I will be shopping around. We have no tickets or accidents and our vehicles are a year older now. :wtf?:

Age of a vehicle works for and against you: Yeah, sure, it seems like cost less to replace your vehicle, but it also lowers the threshold where they actually total your vehicle vs repairing it. Totaling a vehicle is based on a percentage of cash value (changes from company to company, but let's pretend it's 80% for sake of discussion). Your car is worth $10k, means you have to do $8k worth of damage before they total it out and send you a $10k check. If it drops to $9k value, you only need $7,200 in damage to trigger them totaling it out and sending a full value check.

Plus, older cars become more likely to get into a claim through sheer ownership data. They rate cars as groups, so if everyone else who owns your make and model end up getting into wrecks, it ends up looking like those cars are higher risk. Kind of like the turbo charged Dodge SRT4 Neons that 20 year old kids kept speeding and wrecking in. High number of tickets and accidents associated with those vehicles drove them up as an entire class. Your history alone doesn't dictate insurance pricing, unfortunately.

 

[sbubrick]

I have been with AAA for over 35 years. I switched to the Hartford about 10 years ago, that saved me about $125.00 for six months then they raised the rates to get the $125.00 back plus. I switched back to AAA. I have had many agencies try to beat then but no one has yet. also AAA is a annual policy

 

[DonTom]

I have been with AAA for over 35 years. I switched to the Hartford about 10 years ago, that saved me about $125.00 for six months then they raised the rates to get the $125.00 back plus. I switched back to AAA. I have had many agencies try to beat then but no one has yet. also AAA is a annual policy

It seems to me that insurance companies play a game where they will have the lowest rates for a while and later the highest, meaning if we don't keep on shopping for insurance every few years, we get screwed.

-Don- Reno

 

[skip]

Age of a vehicle works for and against you: Yeah, sure, it seems like cost less to replace your vehicle, but it also lowers the threshold where they actually total your vehicle vs repairing it. Totaling a vehicle is based on a percentage of cash value (changes from company to company, but let's pretend it's 80% for sake of discussion). Your car is worth $10k, means you have to do $8k worth of damage before they total it out and send you a $10k check. If it drops to $9k value, you only need $7,200 in damage to trigger them totaling it out and sending a full value check.

The law in nevada is 65% of the actual cash value, not including paint and paterials. As well as statutory total losses being roll overs and any part of the floor that the seat belts mount to that needs to be replaced. The one thing people don't usually think about is salvage value. Vehicles with higher salvage values total easier. For example, let's say your vehicle has a $10,000 actual cash value (acv) and the estimate for repairs is $5000. The total loss breakeven threshold would be $6500, Which at that point the vehicle would be a fixer. Now the salvage value lowers the breakeven point. So if your vehicle has a 1500 salvage value your vehicle now will be a total.

Plus, older cars become more likely to get into a claim through sheer ownership data. They rate cars as groups, so if everyone else who owns your make and model end up getting into wrecks, it ends up looking like those cars are higher risk. Kind of like the turbo charged Dodge SRT4 Neons that 20 year old kids kept speeding and wrecking in. High number of tickets and accidents associated with those vehicles drove them up as an entire class. Your history alone doesn't dictate insurance pricing, unfortunately.

Yes absolutely, just like anyone that own a subaru. You can thank all the people that own wrx's and sti's that constanly think they are invincible in the snow and rain. Or just like anyone with a 1999-2008 ford super duty becuase that are extremely easy to break into and steal.

It seems to me that insurance companies play a game where they will have the lowest rates for a while and later the highest, meaning if we don't keep on shopping for insurance every few years, we get screwed.

-Don- Reno

Generally the longer you are with one particular conpany without having claims and nothing changes on your policy, the lower your rate will be.

If anyone has progressive I would highly suggest the snapshot program. It's a device that plugs into your OBDII port and you drive around with it plugged in for a month or so. It will monitor your driving and if you a good driver it can lower your rate pretty significantly. I suggested it to my freind and it lowered his rates about 25%

Keep in mind that car insurance is like everything else. You get what you pay for. I wouldnt want the cheapest insurnace company out there, just like I would not be carrying the cheapest gun I could find and just like I don't buy the cheapest car parts I can find.

 

[Nevada Hudson]

Progressive gives $ to anti gun politicians.

 

[Just an Average Joe]

Progressive gives $ to anti gun politicians.

It is named "PROGRESSIVE" for a reason, quite literally.

 

[Epic Milk]

Progressive is half the price of any other company in the city for me and it keeps creeping up. You'd think it would go down, having never had a claim. Every 6 months they say I have a greater loyalty discount and it's still around $8/month more each time I renew. Unfortunately it's the best option for now.

 

[RFSALES]

Our car insurance had been with Civil Service Employee insurance. We started September 2015 paying $120 a month for full coverage over the minimum requirement for 2015 Colorado and 2016 Chevy Traverse. Same for 2016 and 2017. Renewal in October 2018 $225 a month and we had been on a low mileage for each vehicle, if we drove less than 10,000 a year additional discount. CCE took that away and even though they can access smog records to see we not over the mileage limit chose not to. No accidents and no moving violations.
Agent stated that CCE only raises about ever 5 years and catches up all at once and CCE advised average raise 23% ?
Agent found us a different company with an increase over the $120 but not near as bad as CCE.

 

[RK1911]

Five cars plus a motorcycle. Three under 25 drivers (23, 20 and 17). One chargeable accident.

2017 Silverado 1500
2015 Subaru Outback
2015 VW Jetta GLI
2005 Toyota 4Runner Sport
1993 Honda Civic LX
1994 BMW R1150GSA

Total: $316 per month for all full max coverage on the three newer ones and liability on the 4Runner and Civic.

Company: Allstate

If you need a referral, PM me (no gain for me).

 

[garand_guy]

Want lower insurance? Stop feeding the personal injury attorneys. Nevada and Clark County in particular are notoriously plaintiff-friendly venues. Judges get donations from the PI attorneys and get favorable rulings in return. It's essentially legalized fraud here. If it were up to me, I'd eliminate the ability to get pain and suffering except for death or dismemberment.

 

[turborich]

Clark County (Las Vegas area) is extremely high on auto insurance. My insurance was cut by half when I moved out of Vegas for the same vehicles and coverage. You just have to pay the high rates to live there. A lot of wrecks, uninsured drivers, stolen vehicles, fraud, etc.

 

[turborich]

Five cars plus a motorcycle. Three under 25 drivers (23, 20 and 17). One chargeable accident.

2017 Silverado 1500
2015 Subaru Outback
2015 VW Jetta GLI
2005 Toyota 4Runner Sport
1993 Honda Civic LX
1994 BMW R1150GSA

Total: $316 per month for all full max coverage on the three newer ones and liability on the 4Runner and Civic.

Company: Allstate

If you need a referral, PM me (no gain for me).

Allstate is the absolute worst company I've even been insured with. The Indian call centers are terrible!

 

[JohnnyK]

Why does anyone use "Progressive" Insurance? They have poured tens of millions of dollars into the ACLU, America Coming Together, and MoveOn, among other liberal causes.

 

[jfrey123]

Allstate is the absolute worst company I've even been insured with. The Indian call centers are terrible!

If it makes you feel any better, they make the agents and producers go through the same call centers for underwriting and claims and most all basic functions.

 

[Harley]

It doesnt matter who it is, all insurance companies suck. Unfortunately we are forced to have it in this lovely state or have our DL/plates suspended. Welcome to “free” America!

 

[Nevada Hudson]

Why does anyone use "Progressive" Insurance? They have poured tens of millions of dollars into the ACLU, America Coming Together, and MoveOn, among other liberal causes.

If you like your guns and want to keep them, don’t give any $ to Progressive !

 

[JohnnyK]

If you like your guns and want to keep them, don’t give any $ to Progressive !

Exactly!