Recent comments in /f/Pennsylvania

EmperorOfNada t1_jebhjb4 wrote

Go through an insurance broker. Every couple years I try to do this just to make sure I’m not getting royally screwed.

Years ago I liked a specific Progressive Insurance agent but then one year my rates jumped up like 20%. Perfectly clean record for my family and no other reason than I was told by my agent than the insurance company was doing it to all customers. Switching actually gave me a cheaper rate than I was already paying.

Insurance companies are out to make money just like any other company. A broker will help pair you up with multiple offers and help you compare.

Check your employee benefits at work too. My company offered a broker as an employee benefit so I was able to do it through them.

2

TheLateWalderFrey t1_jebg3la wrote

yeah, my next six-month renewal is going up to $764.14, so it's gonna cost an extra $13 a month.

I really can't complain, when I swapped out my lease four months ago, surprisingly my insurance rate didn't change.

still.. $400 more a year is steep. you say you just moved, maybe it's that, something about where you now live that has a higher accident rate or car theft is through the roof, or anything really that makes payouts higher where you are.

it certainly sounds like the increase is based on where a person lives & works.

edit: my vehicle is insured with usaa.

1

emk544 t1_jebfrm4 wrote

I'm in the outer city limits of Philly as well. I had a good experience going with a broker, Jefferson Avenue Insurance out of Lafayette Hill, PA, for both auto and home insurance. Previously I had cross-shopped on my own and my quotes were wildly different depending upon what company I went with. I think they just hate Philly.

1

NotNowDamo t1_jebeedi wrote

Only 20%?

Even with all discounts I could manage, Geico went up 50% last billing cycle.

That was after 3 straight years of 10% increases.

At the same time, my credit was getting better, and I have not had an auto accident in 20 years with no tickets for at least 5 (probably longer).

All State saved me literally 500$ over 6 months after switching. Since then I added a seconded financed vehicle, and it is still cheaper then when I was with Geico (actually paying for 2 vehicles is the same price as Geico for one BEFORE the latest price increase).

I realize that isn't true for everyone, but given that I am a safe, loyal driver, I asked customer service at Geico why the increase? The response: inflation has caused hospitals to charge more. Which to me makes no sense, I didn't change the amount they were covering me for. I was still going to get a max of 25k$ for a hospital stay, so who cares what the hospital charges?

6

Ellis4Life t1_jebdxdc wrote

The majority of the increases are just due to inflation. We’ve had a crazy amount of inflation the past year or so and things just cost more to insure because if it. Home owners is going up for many as well because of this.

35 percent seems a bit much. My annual policy to insure two cars went up about 10 percent this year.

1

Stonecutter_12-83 t1_jebc9xz wrote

Same! I also have SF and been a customer for over a decade and have absolutely zero accidents. I noticed it went up by around 20 dollars per month.

I was pretty mad and I have to shop around. The problem is it's a huge pain in the butt to change home insurance too because those are automatic payments through my escrow

1