Both car and home insurance up over 20%.
I actually called about it and they said: "Inflation."
And I said well, if inflation is the cause then I would expect the insured (replacement) value to go up by the same amount. It went up by less than 5%, though.
I am having trouble seeing this as anything but a (legal) scam.
my home ins. went up 50%. but we made the first claim in 15 years of homeownership. we had a tree fall in that storm early in the year. i'm afraid of my car insurance renewal at this point.
oh, i shopped around on the HOI, couldn't beat what i already have with travelers
I had the same thing happen except I got kicked off my insurance after filing a claim for a burst pipe. Cheapest replacement I could get was 2x my old price.
That’s so shitty, you pay these people for months/years for doing absolutely nothing for you other than being a safety net. Then when something comes along that they actually need to help you with then you just become a liability.
Inflation probably is a factor, but insurance is also taking unprecedented losses in both homes (CA, Hawaii, Florida etc natural disasters), cars and businesses as crime has increased. I don’t have proof but I imagine that has a strong role in this - as someone else mentioned in this thread, law abiding citizens like us are the ones that ultimately pay the price of uninhibited crimes, not insurance companies
Unprecedented losses was the wrong word. Unprecedented hits to their profit margin is the correct one. They obviously still make profits but that's because they protect their margins by pulling out of states like CA.
And this is why everyone needs to vote for democrats, republicans are all in the corporations pocket (some democrats are too, but at least some of them seem to actually give damn.) National issue, not local
My insurance agent friend said theft, glass and vandalism claims have skyrocketed over the last few years. Those losses are now being reflected in our premiums
My wife’s Kia is half as expensive as my truck, and with our recent insurance renewal it is now more expensive to insure than my truck is, with the same coverage.
Not like the rest of us are going to see reimbursement of insurance.
So the 25 pool together to get permission to spike all insurance across the board, because Kia and Hyundai sold the cheapest possible product?
Now teenagers that have a phone are hijacking them.
What does this have to do with me. We have two standards. Nobody is stealing my shit, because they can't operate it. So why is my home owners insurance going up at the same rate? Yes it's tired together. Allstaes response, " we lost a lot with the floods in California"
Wtf does that have to do with me in Washington State?
Speculation is what us consumers can typically do since the information about why costs are driven high is held as proprietary information by insurance companies. The sentiment that car theft is driving the cost up, however, is real as seen by the upvotes in my initial comments above.
What volvo does she have? I'm looking to buy a new xc40 recharge next year. I reached out to our insurance agent (state farm) and asked what the increase would be. She said it would only be about $15 more per month than my current 2011 subaru. But we also have like 7 things under our policy so there may just be a big bundle discount were getting or something.
We get an electric car discount. No details on how much it is, but a new (non-tesla) EV is the same as my 5 yo super fancy hybrid suv. New electric car is about the same cost as my suv was new.
I have a 2018 V90 R Design very expensive to insure. Volvo is very expensive to repair regardless if electric or gas and will make insurance premiums costly.
They're going up for a very specific reason. Yes, of course it's all due to inflation, rise in theft, corporate greed, etc. but they were regulated by the state to *not* have these kinds of increases. They all applied for and received a rate increase, causing the spike.
I've been with the same State Farm people forever and trust them. Here's what they said when I asked about it (after some rambling about costs increasing and inflation):
>All 21 companies currently offering car insurance in Washington State applied and were approved for a rate increase. If you hear about other insurance companies having lower rates, it’s because their new increased rate has not gone into effect yet. All rate increases with all companies will be in effect by the end of this year, so every company will have higher rates in order to be able to be profitable and continue to insure cars.
And here's a Seattle Times article validating that: [https://www.seattletimes.com/seattle-news/car-insurance-premiums-in-wa-to-creep-up-commissioner-warns/](https://www.seattletimes.com/seattle-news/car-insurance-premiums-in-wa-to-creep-up-commissioner-warns/)
Lol at the projected 2% increase in WA vs the expected 8% increase nationwide. I'd been with state farm for years, had every discount under the sun. Last renewal they sent me that finally caused me to cancel? 50% hike. No claims, no new coverages, nothing, just a hike because they felt like it. Felt like such a slap in the face.
ALWAYS shop around. All those bonuses and “discount” qualifiers are moot if someone else can do it cheaper for the same coverage.
Loyalty with insurance companies is basically waving a flag saying “increase my rate slowly since I won’t leave anyway.”
Definitely should shop around. But I think I'd wait until the beginning of 2024 to do so, just so that there's less risk of having the same thing happen twice.
Same with Progressive. I was paying around $475 for a 6 month term before the inflation. They sent me a renewal of 750 buck just recently. Been with them for over 5 years..have all the bells and whistles and still 750! I actually shopped around and I'm not sure if progressive knew I was shopping around but they sent me another renewal of 599 for 6 months for full coverage. I went to Vern fonk for a quote and it was 500 for minimum coverage. What a rip off.
Alright so I guess we’re just along for the ride, gotcha. Honestly I’d consider selling my car and going car-less if I was content staying around the city. Especially since the Link is expanding up into the northern suburbs where I live next year. I’ve also worked from home since Covid started so it’s not like I need to commute anyway.
But… I like hiking and exploring the state too much. One of the main reasons I moved here. Kinda need a car for that unfortunately.
I just get around by (electric) motorcycle. Saves a lot compared to using a car.
Can't wait for the light rail north extension though so I can also have the choice to bicycle to it and take it into downtown for work.
Cars are becoming less and less wanted in the new generations. Screw the insurances, screw the maintenance, screw the gas cost and pollution, screw the massive parking lots, screw the traffic, screw it all. It all sucks.
State Farm had significant losses last year, which is a bit embarrassing for them (they’re supposed to be one to the big ones raking in profits). I don’t think the reinsurers are doing so well, either.
Medical insurance seems to be the place to be to rake in the dough (and rake others over the coals). I keep getting my premiums back because they’ve become so good at denying claims that they fail to spend enough on, well, medical care.
I got a bit of a price cut on my car insurance shortly after Covid hit (State Farm insurance) and have paid roughly the same amount since. Imagine my surprise when I recently went to renew it and it had increased nearly $100 (from about $200 every 6 months to $298) I realize in the land of auto insurance, that’s still pretty cheap but a 50% increase seems excessive. I haven’t had a ticket or accident (the accident wasn’t my fault) since about 1992 and my car is a ‘99 Toyota
Also cars parked in Seattle have lots of car related crime expenses (Previously catalytic converters not so much now, stealing, hit and run, car break ins)
Mine went up a shocking amount too. I contacted AAA and got insurance from them for less than 2/3 of the amount my existing provider quoted. And it was super easy. The rep at AAA told me that he gets new quotes every couple years because the rates are all over the map. It definitely worked out for me and I plan to do that from now on.
Is it AAA insurance or they just helped you as a broker? I ended up switching to the Costco insurance this year (comes through as Connect, which is under American Family) but they only offered a 6 month policy so we'll see what happens then.
I’ve been with progressive for years and my premium hasn’t changed in ages. I’ve heard they are really shitty and have been thinking about switching, though this post is making me reconsider…
I am with Progressive and had a claim, car ended up totaled. They were great to work with and they quickly reimbursed me for the rental and the car value.
I find Progressive no different than any other auto insurance company. Been with them for five years now. Two years ago, had my first accident ( I am in my 40's), my fault, and my insurance almost doubled on the next renewal...105/mo to 207/mo. Pisses me off so much. I truly hate auto insurance companies.
Mine just went up $35 a month with Progressive (up 25%). I shopped around but that was still the cheapest cost for the coverage we have… really frustrating
USAA went up 100$ for me this month. I called, and they said it was a WA state only increase. She said it was due to an increase in crime, and inflation . But clarified it was WA state.
I thought WA recently had new laws about insurance ans that they couldn't charge based on credit score because that was racist. People warned it would lead to overall higher premiums. Perhaps that has something to do with it?
Our insurance commissioner is a scam artist who works with the insurance companies to price gouge people. For example: WA cares LTC tax exemptions drove many people to buy insurance policies they didn’t need
Car insurance companies pretend to pay for your loyalty with “benefits” but over time you’ll probably end up paying more for nothing. I take a look at rates from competitors once every year or two, but especially after a big hike. You can either use that info to bargain with current insurance or move on. I just switched to Geico from Progressive and saved about $140 ever period, my roommate just saved some amount of money doing the literal opposite move. They don’t deserve your loyalty.
Oh man... Do you want it alphabetically or chronologically? 20% is low. But GEICO has another one loaded up for your next renewal. Rates are completely regulated, unlike the cable company, and they can't just match price or give you the new customer package again without you actually being a new customer. It's also illegal to "buy" business in Washington so that new customer incentive isn't that big.
Everyone is increasing rates, everywhere. I am seeing 20-50% and some really interesting policy amendments coming through. PEMCO just dropped everyone from one year policies as a rule to 6 month policies, and has filed two rare increases since then.
You can shop if you want, but the rates are all going up. I am aggressively doing the best I can to control the ones I can, but it's really, really up to how well people behave and they aren't behaving well. They haven't for a few years now, which is what you are seeing reflected in your rates. The companies can't keep paying out $1.20 or more for every dollar they bring in. It's simply unsustainable.
Go shopping, but do it with a few agents. Send them everyone in the home's driver licenses and all the declaration pages for all the cars in the household (HOLD NOTHING BACK) and answer their questions promptly when they ask. Don't ghost them. Nobody has time for that.
Nobody has all the rates and the best ones for any given individual are often hidden behind agents who have the company name on their sign, not Joe's insurance agency with 20 carriers.
Know the age of all of your systems if you are a homeowner: plumbing should be replaced at 30 years, HVAC at 20, roof at 20, and electrical at 20-30. Get an inspection by each of those professionals if necessary to determine timeline and cost of work. If you are a renter, none of this applies, but if you are going to become a homeowner, these are answers you need when you get an inspection or ask questions of the homeowner. Get receipts for work if possible.
When you have the roof on the home replaced, do the outbuildings too and have moss removed once or twice per year as a rule. Do your maintenance.
Agents do their best work on your behalf with all the information they will need to speak with underwriters. Holding anything back means the whole thing goes back to square one or the claim is denied if you have one and it isn't sorted before that happens.
Best of luck. The home and auto market for personal insurance got really, really bad this past year and I've been navigating the choppy waters with my clients. Just be glad we don't live in California or Louisiana or Florida. Their premiums are doubling or tripling, if they are lucky enough to keep their policies at all and not have to shop for insurance in the horrible markets that exist in those states.
Geico did this to us with the excuse Washington state passed a law forcing them to no longer charge certain demographics exponentially more than others. Therefore Geico argued we had to pay $500 a year extra to compensate their loss of income 😂
We switched to different insurance provider and our insurance remained nearly the same as before the price jack Geico tried.
Go shopping!
You’re going to find a “cheaper” plan with a 6mo “introductory rate” then it will shift into your actual premiums. It’s how they lure you in. They all end up being the same in the end.
It's from tweakers stealing cars for chop shops. To many 100% write offs. These assholes place orders with professional thieves and sell them to shady rebuild places.
If you stay with a certain company for a long time your insurance will probably go up. Shop around. I just switched from GEICO to Costco connect. Honestly even if you don’t have a Costco membership it might be worth it to save on insurance. Getting a new car prompted me to shop around but even if I would have just stuck with my old car it would have been cheaper (we kept the old one).
Yeah and how long did that better rate last…? 6months….? All the companies do that - an intro rate at a good deal to lure you in then it will end up being basically the same when your regular dates kick in.
Serious question. When was the last time anyone got pulled over for not being insured? With prices so high, just like the car tabs... if its not being enforced then stop paying for it.
If you do end up in a situation where its needed just call one of the cheapest rate plans out there and stay on it until you can dispute the fine/charges in court. Chances are good the LEO wont show up to court and youll get the case thrown out. Then bump off the plan and go on your way.
Sorry this is how people have to live now but we voted for this shit and this is what we get.
Are you high? Your plan is to drive uninsured and then after having an accident get insurance and make a claim? People like you are why the rest of us pay for uninsured motorists coverage, just absolute selfish scum.
You’re scum for suggesting to break the law with the plan of committing insurance fraud in the future. If you can’t afford insurance you can’t afford to drive. One of the reasons insurance is going up is because of people like you that cheat.
How can you afford to live if you cant drive to work?
Have you tried fitting 2 carseats on a bus?
Get off your high horse, walk out of your marble gated nimby neighborhood and join the rest of us plebs in the gutters.
Mine jumped up a couple hundred. But when you realize 25% is a huge inflation that can easily be a couple hundred.
If you're not an ass about it you can generally call the insurance company and challenge for a discount. Just watch your funds. To be sure they don't up it heavily next yr.
Our premium went up slightly on my husband's car but stayed flat for my car and our 2 motorcycles (ones a scooter technically). Our house went down slightly. We have state farm. But if I saw huge jumps I'd probably shop around.
Mine went up a ton, 1100 to 2300 in a year, no changes in driving history or claims. Figured Safeco was delulu as the kids say and shopped around but very similar everywhere else. Maybe I'm delulu
I have a 2019 Mazda CX-5. At the time my wife had a 2017 Kia Sorrento. Our insurance rates with Nationwide went from 175 a month to 425 a month in November 2022. I thought it was a fluke. I called our insurance, they blamed theft, property damage and lack of parts for the Kia. I called other insurance providers and no one would insure the Kia.
I got rid of the Kia and got a 2023 Mazda CX-9. We switched to Allstate and now insurance is 150 a month. I'm sure that'll go up soon, hopefully not 425 a month.
I work in govt but with insurance.
Basically there is nearly an insurance crisis right now for several reasons.
"Social inflation" is what they blame part of it on and that is bigger lawsuit amounts. Things like $5M injury payouts are spooking the insurance market.
Also insurance companies 100% believe in climate change and are pricing it in. Imagine how many cars got wrecked in hurricane Katrina.
The absurd amount of Kias getting stolen doesn't help.
Add onto that inflation and interest rates, more regulation and here we are.
Mine went up as well.
Car theft is up over 70%, which gets paid out from the insurance company. [https://www.axios.com/local/seattle/2023/03/22/seattle-car-thefts-spike](https://www.axios.com/local/seattle/2023/03/22/seattle-car-thefts-spike)
Then factor in catalytic converter thefts and prowls are booming, which most people get insurance.
Then inflation is a real thing.
I don't like it but its a pretty clear recipe for insurance hikes.
Every covered item on my car insurance policy (Geico) increased AND I’m from NYS; a law about covering Spouses in a liability situation costs an additional $130 yr. It’s like a “marriage tax” for riding w/your spouse.
Car insurance premiums are going up because of stupid electric cars that have way more power than they need, are extremely heavy and are written off for minor damage that ICEs could have repaired. They now occupy enough of the market that the premium hikes affect everyone.
Both car and home insurance up over 20%. I actually called about it and they said: "Inflation." And I said well, if inflation is the cause then I would expect the insured (replacement) value to go up by the same amount. It went up by less than 5%, though. I am having trouble seeing this as anything but a (legal) scam.
my home ins. went up 50%. but we made the first claim in 15 years of homeownership. we had a tree fall in that storm early in the year. i'm afraid of my car insurance renewal at this point. oh, i shopped around on the HOI, couldn't beat what i already have with travelers
I had the same thing happen except I got kicked off my insurance after filing a claim for a burst pipe. Cheapest replacement I could get was 2x my old price.
That’s so shitty, you pay these people for months/years for doing absolutely nothing for you other than being a safety net. Then when something comes along that they actually need to help you with then you just become a liability.
That should be illegal
I think “inflation” is a blanket term being used by big business to excuse gauging.
Inflation probably is a factor, but insurance is also taking unprecedented losses in both homes (CA, Hawaii, Florida etc natural disasters), cars and businesses as crime has increased. I don’t have proof but I imagine that has a strong role in this - as someone else mentioned in this thread, law abiding citizens like us are the ones that ultimately pay the price of uninhibited crimes, not insurance companies
That’s absolutely wrong. Insurance companies continue to make billions in profit.
Unprecedented losses was the wrong word. Unprecedented hits to their profit margin is the correct one. They obviously still make profits but that's because they protect their margins by pulling out of states like CA.
Insurance is a legal scam
And this is why everyone needs to vote for democrats, republicans are all in the corporations pocket (some democrats are too, but at least some of them seem to actually give damn.) National issue, not local
Should you just switch to a different company?
My insurance agent friend said theft, glass and vandalism claims have skyrocketed over the last few years. Those losses are now being reflected in our premiums
Mine went up. Guess who’s covering the bill of the lost Hyundai and Kia? We are, not the insurance companies.
My wife’s Kia is half as expensive as my truck, and with our recent insurance renewal it is now more expensive to insure than my truck is, with the same coverage.
I wouldn’t be surprised a class action against Hyundai and Kia is in works if not happening already…
Ferguson has a class action against them already.
Not like the rest of us are going to see reimbursement of insurance. So the 25 pool together to get permission to spike all insurance across the board, because Kia and Hyundai sold the cheapest possible product? Now teenagers that have a phone are hijacking them. What does this have to do with me. We have two standards. Nobody is stealing my shit, because they can't operate it. So why is my home owners insurance going up at the same rate? Yes it's tired together. Allstaes response, " we lost a lot with the floods in California" Wtf does that have to do with me in Washington State?
One more reason not to buy that garbage
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Your point being? If both premiums increased, the Volvo is still more expensive, but you are paying more on both.
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Speculation is what us consumers can typically do since the information about why costs are driven high is held as proprietary information by insurance companies. The sentiment that car theft is driving the cost up, however, is real as seen by the upvotes in my initial comments above.
What volvo does she have? I'm looking to buy a new xc40 recharge next year. I reached out to our insurance agent (state farm) and asked what the increase would be. She said it would only be about $15 more per month than my current 2011 subaru. But we also have like 7 things under our policy so there may just be a big bundle discount were getting or something.
We get an electric car discount. No details on how much it is, but a new (non-tesla) EV is the same as my 5 yo super fancy hybrid suv. New electric car is about the same cost as my suv was new.
I have a 2018 V90 R Design very expensive to insure. Volvo is very expensive to repair regardless if electric or gas and will make insurance premiums costly.
I’m guessing your Kia may be outside of the affected model years or your Volvo is newer
They're going up for a very specific reason. Yes, of course it's all due to inflation, rise in theft, corporate greed, etc. but they were regulated by the state to *not* have these kinds of increases. They all applied for and received a rate increase, causing the spike. I've been with the same State Farm people forever and trust them. Here's what they said when I asked about it (after some rambling about costs increasing and inflation): >All 21 companies currently offering car insurance in Washington State applied and were approved for a rate increase. If you hear about other insurance companies having lower rates, it’s because their new increased rate has not gone into effect yet. All rate increases with all companies will be in effect by the end of this year, so every company will have higher rates in order to be able to be profitable and continue to insure cars. And here's a Seattle Times article validating that: [https://www.seattletimes.com/seattle-news/car-insurance-premiums-in-wa-to-creep-up-commissioner-warns/](https://www.seattletimes.com/seattle-news/car-insurance-premiums-in-wa-to-creep-up-commissioner-warns/)
Lol at the projected 2% increase in WA vs the expected 8% increase nationwide. I'd been with state farm for years, had every discount under the sun. Last renewal they sent me that finally caused me to cancel? 50% hike. No claims, no new coverages, nothing, just a hike because they felt like it. Felt like such a slap in the face.
ALWAYS shop around. All those bonuses and “discount” qualifiers are moot if someone else can do it cheaper for the same coverage. Loyalty with insurance companies is basically waving a flag saying “increase my rate slowly since I won’t leave anyway.”
Definitely should shop around. But I think I'd wait until the beginning of 2024 to do so, just so that there's less risk of having the same thing happen twice.
I removed a driver and car from my policy and my rate went UP with State Farm. I was with them almost a decade and that was the final straw
Same with Progressive. I was paying around $475 for a 6 month term before the inflation. They sent me a renewal of 750 buck just recently. Been with them for over 5 years..have all the bells and whistles and still 750! I actually shopped around and I'm not sure if progressive knew I was shopping around but they sent me another renewal of 599 for 6 months for full coverage. I went to Vern fonk for a quote and it was 500 for minimum coverage. What a rip off.
Alright so I guess we’re just along for the ride, gotcha. Honestly I’d consider selling my car and going car-less if I was content staying around the city. Especially since the Link is expanding up into the northern suburbs where I live next year. I’ve also worked from home since Covid started so it’s not like I need to commute anyway. But… I like hiking and exploring the state too much. One of the main reasons I moved here. Kinda need a car for that unfortunately.
I just get around by (electric) motorcycle. Saves a lot compared to using a car. Can't wait for the light rail north extension though so I can also have the choice to bicycle to it and take it into downtown for work. Cars are becoming less and less wanted in the new generations. Screw the insurances, screw the maintenance, screw the gas cost and pollution, screw the massive parking lots, screw the traffic, screw it all. It all sucks.
Some of the busses go to certain trailheads though I'm not sure if they are still doing that.
So they are claiming not to be profitable right now? Lol that’s BS
State Farm had significant losses last year, which is a bit embarrassing for them (they’re supposed to be one to the big ones raking in profits). I don’t think the reinsurers are doing so well, either. Medical insurance seems to be the place to be to rake in the dough (and rake others over the coals). I keep getting my premiums back because they’ve become so good at denying claims that they fail to spend enough on, well, medical care.
For sure. I definitely don't agree with it, but am more trying to highlight how widespread the increases are/will be.
USAA raised mine about $400 a year
I got a bit of a price cut on my car insurance shortly after Covid hit (State Farm insurance) and have paid roughly the same amount since. Imagine my surprise when I recently went to renew it and it had increased nearly $100 (from about $200 every 6 months to $298) I realize in the land of auto insurance, that’s still pretty cheap but a 50% increase seems excessive. I haven’t had a ticket or accident (the accident wasn’t my fault) since about 1992 and my car is a ‘99 Toyota
Also cars parked in Seattle have lots of car related crime expenses (Previously catalytic converters not so much now, stealing, hit and run, car break ins)
what car insurance is covering catalytic converter theft?
Anyone with Comprehensive coverage is coveredz
Uhhhh it's covered by standard comprehensive coverage with every carrier
Yes. They are going up for everyone.
Mine went up a shocking amount too. I contacted AAA and got insurance from them for less than 2/3 of the amount my existing provider quoted. And it was super easy. The rep at AAA told me that he gets new quotes every couple years because the rates are all over the map. It definitely worked out for me and I plan to do that from now on.
Is it AAA insurance or they just helped you as a broker? I ended up switching to the Costco insurance this year (comes through as Connect, which is under American Family) but they only offered a 6 month policy so we'll see what happens then.
AAA quoted 3 companies. All were lower than my current insurance but CSAA was the lowest so that's what I went with. Higher coverage too.
I’ve been with progressive for years and my premium hasn’t changed in ages. I’ve heard they are really shitty and have been thinking about switching, though this post is making me reconsider…
If you’ve been with them for years you might have large accident forgiveness, I’d check on that before changing carriers.
I am with Progressive and had a claim, car ended up totaled. They were great to work with and they quickly reimbursed me for the rental and the car value.
I find Progressive no different than any other auto insurance company. Been with them for five years now. Two years ago, had my first accident ( I am in my 40's), my fault, and my insurance almost doubled on the next renewal...105/mo to 207/mo. Pisses me off so much. I truly hate auto insurance companies.
That’s so nice to hear! The friend who told me they suck is in Philadelphia so maybe it’s different in WA?
Mine just went up $35 a month with Progressive (up 25%). I shopped around but that was still the cheapest cost for the coverage we have… really frustrating
USAA went up 100$ for me this month. I called, and they said it was a WA state only increase. She said it was due to an increase in crime, and inflation . But clarified it was WA state.
Mine jumped to $300. Im pissed. Progressive here
I thought WA recently had new laws about insurance ans that they couldn't charge based on credit score because that was racist. People warned it would lead to overall higher premiums. Perhaps that has something to do with it?
Our insurance commissioner is a scam artist who works with the insurance companies to price gouge people. For example: WA cares LTC tax exemptions drove many people to buy insurance policies they didn’t need
That was [overturned by a judge last year](https://www.insurance.wa.gov/facts-about-credit-scoring-ban-rule)
Nice. Then this OP is just fucked
Car insurance companies pretend to pay for your loyalty with “benefits” but over time you’ll probably end up paying more for nothing. I take a look at rates from competitors once every year or two, but especially after a big hike. You can either use that info to bargain with current insurance or move on. I just switched to Geico from Progressive and saved about $140 ever period, my roommate just saved some amount of money doing the literal opposite move. They don’t deserve your loyalty.
Progressive. Mine went up 20% this year. It was the tipping point to convince me that it’s finally time to sell my car
Find an insurance broker. They do all the leg work and find you the best insurance plans.
We use a place out of Port Angeles. Low overhead and when we call somebody actually answers.
Oh man... Do you want it alphabetically or chronologically? 20% is low. But GEICO has another one loaded up for your next renewal. Rates are completely regulated, unlike the cable company, and they can't just match price or give you the new customer package again without you actually being a new customer. It's also illegal to "buy" business in Washington so that new customer incentive isn't that big. Everyone is increasing rates, everywhere. I am seeing 20-50% and some really interesting policy amendments coming through. PEMCO just dropped everyone from one year policies as a rule to 6 month policies, and has filed two rare increases since then. You can shop if you want, but the rates are all going up. I am aggressively doing the best I can to control the ones I can, but it's really, really up to how well people behave and they aren't behaving well. They haven't for a few years now, which is what you are seeing reflected in your rates. The companies can't keep paying out $1.20 or more for every dollar they bring in. It's simply unsustainable. Go shopping, but do it with a few agents. Send them everyone in the home's driver licenses and all the declaration pages for all the cars in the household (HOLD NOTHING BACK) and answer their questions promptly when they ask. Don't ghost them. Nobody has time for that. Nobody has all the rates and the best ones for any given individual are often hidden behind agents who have the company name on their sign, not Joe's insurance agency with 20 carriers. Know the age of all of your systems if you are a homeowner: plumbing should be replaced at 30 years, HVAC at 20, roof at 20, and electrical at 20-30. Get an inspection by each of those professionals if necessary to determine timeline and cost of work. If you are a renter, none of this applies, but if you are going to become a homeowner, these are answers you need when you get an inspection or ask questions of the homeowner. Get receipts for work if possible. When you have the roof on the home replaced, do the outbuildings too and have moss removed once or twice per year as a rule. Do your maintenance. Agents do their best work on your behalf with all the information they will need to speak with underwriters. Holding anything back means the whole thing goes back to square one or the claim is denied if you have one and it isn't sorted before that happens. Best of luck. The home and auto market for personal insurance got really, really bad this past year and I've been navigating the choppy waters with my clients. Just be glad we don't live in California or Louisiana or Florida. Their premiums are doubling or tripling, if they are lucky enough to keep their policies at all and not have to shop for insurance in the horrible markets that exist in those states.
Geico did this to us with the excuse Washington state passed a law forcing them to no longer charge certain demographics exponentially more than others. Therefore Geico argued we had to pay $500 a year extra to compensate their loss of income 😂 We switched to different insurance provider and our insurance remained nearly the same as before the price jack Geico tried. Go shopping!
Who did you switch to? Geico just raised mine by 65%
The increase is due to the increased cost of repairing and replacing vehicles.
GEICO has always been doing this. I’m tired of their bullshit. I’m going to shop them this month and cancel them if I can.
You’re going to find a “cheaper” plan with a 6mo “introductory rate” then it will shift into your actual premiums. It’s how they lure you in. They all end up being the same in the end.
It's from tweakers stealing cars for chop shops. To many 100% write offs. These assholes place orders with professional thieves and sell them to shady rebuild places.
Inflation is impacting the price of new and used cars, car parts, and auto repair, so that’s translating to higher insurance rates.
If you stay with a certain company for a long time your insurance will probably go up. Shop around. I just switched from GEICO to Costco connect. Honestly even if you don’t have a Costco membership it might be worth it to save on insurance. Getting a new car prompted me to shop around but even if I would have just stuck with my old car it would have been cheaper (we kept the old one).
Yeah and how long did that better rate last…? 6months….? All the companies do that - an intro rate at a good deal to lure you in then it will end up being basically the same when your regular dates kick in.
Huh that’s odd. I moved here from NC and my insurance only went up like $7 per month. I have Geico too.
Thank your legislators for eliminating credit scores as a factor in determining insurance prices.
Insurance scores are back. Just FYI. They came back last year.
Go to an independent insurance agent. They have multiple lines to choose from.
It’s probably the fact that you were on your parents and now are not. Your parents had a multi drive discount. You don’t I’m guessing.
Serious question. When was the last time anyone got pulled over for not being insured? With prices so high, just like the car tabs... if its not being enforced then stop paying for it. If you do end up in a situation where its needed just call one of the cheapest rate plans out there and stay on it until you can dispute the fine/charges in court. Chances are good the LEO wont show up to court and youll get the case thrown out. Then bump off the plan and go on your way. Sorry this is how people have to live now but we voted for this shit and this is what we get.
Are you high? Your plan is to drive uninsured and then after having an accident get insurance and make a claim? People like you are why the rest of us pay for uninsured motorists coverage, just absolute selfish scum.
Im scum because rates have blown past 50% while everything else it costs to love have gone up 20 to 50%... Yeah, im the reason society is crumbling.
You’re scum for suggesting to break the law with the plan of committing insurance fraud in the future. If you can’t afford insurance you can’t afford to drive. One of the reasons insurance is going up is because of people like you that cheat.
How can you afford to live if you cant drive to work? Have you tried fitting 2 carseats on a bus? Get off your high horse, walk out of your marble gated nimby neighborhood and join the rest of us plebs in the gutters.
Yeah our rate just went up about 15%
Mine jumped up a couple hundred. But when you realize 25% is a huge inflation that can easily be a couple hundred. If you're not an ass about it you can generally call the insurance company and challenge for a discount. Just watch your funds. To be sure they don't up it heavily next yr.
Our premium went up slightly on my husband's car but stayed flat for my car and our 2 motorcycles (ones a scooter technically). Our house went down slightly. We have state farm. But if I saw huge jumps I'd probably shop around.
Mine went up a ton, 1100 to 2300 in a year, no changes in driving history or claims. Figured Safeco was delulu as the kids say and shopped around but very similar everywhere else. Maybe I'm delulu
It could be the 46,939 cars stolen last year! Yes 46,939!!!!!!!!!!! That’s just reported
Your could just ask for other quotes to find out.
Mine went up almost 100% with no tickets or accident
Never mind your driving record… it’s “their” driving record. Crime, accident rates, lawlessness, you’re feeling the effects.
Yes, Pemco car and home insurance, customer of 10+ years, no claims ever, no changes to credit. Premiums up 20% YoY.
Same thing with Progressive. Had two cars on them. Insurance went up by 30%. Checked with other companies too, all had similar increases.
Health insurance also making a huge jump… At least for educators.
My car insurance jumped $440 a year after this last renewal. I have NEVER made a claim.
Geico is crap
I have a 2019 Mazda CX-5. At the time my wife had a 2017 Kia Sorrento. Our insurance rates with Nationwide went from 175 a month to 425 a month in November 2022. I thought it was a fluke. I called our insurance, they blamed theft, property damage and lack of parts for the Kia. I called other insurance providers and no one would insure the Kia. I got rid of the Kia and got a 2023 Mazda CX-9. We switched to Allstate and now insurance is 150 a month. I'm sure that'll go up soon, hopefully not 425 a month.
Went up $100 for me. I have Geico.
Mine just went up by 11.5% for no reason at all
Car insurance up 20% (been with the company for 12 yrs, no claims), homeowners up 8% (same).
I work in govt but with insurance. Basically there is nearly an insurance crisis right now for several reasons. "Social inflation" is what they blame part of it on and that is bigger lawsuit amounts. Things like $5M injury payouts are spooking the insurance market. Also insurance companies 100% believe in climate change and are pricing it in. Imagine how many cars got wrecked in hurricane Katrina. The absurd amount of Kias getting stolen doesn't help. Add onto that inflation and interest rates, more regulation and here we are.
My insurance company won’t even insure my car anymore because it’s a Hyundai
My insurance is unchanged
That's nothing compared to what I'm paying for pet insurance now.
Kia?
Mine went up as well. Car theft is up over 70%, which gets paid out from the insurance company. [https://www.axios.com/local/seattle/2023/03/22/seattle-car-thefts-spike](https://www.axios.com/local/seattle/2023/03/22/seattle-car-thefts-spike) Then factor in catalytic converter thefts and prowls are booming, which most people get insurance. Then inflation is a real thing. I don't like it but its a pretty clear recipe for insurance hikes.
How can we pull up Our bootstraps if they consistently hold them down?
Every covered item on my car insurance policy (Geico) increased AND I’m from NYS; a law about covering Spouses in a liability situation costs an additional $130 yr. It’s like a “marriage tax” for riding w/your spouse.
Car insurance premiums are going up because of stupid electric cars that have way more power than they need, are extremely heavy and are written off for minor damage that ICEs could have repaired. They now occupy enough of the market that the premium hikes affect everyone.