My Insurance went up, HELP

Submitted by goodnatured on Thu, 12/27/2007 - 19:26

I called to pay my insurance today and the lady told me that my rate was going up $168 every six months, When I asked why, she stated that this was a statewide increase, I am from Pennsylvania, has anyone else seen an increase or expecting to see one. Where can I find more information on this increase, does anyone know.

I always look forward to the decreases, this is a really hefty jump, $336 a year, I commented in one of the other threads about being overly insured, guess I will take it all back, cause now I am thinking about dropping some coverage on the vehicle that sits alot. It is paid off and is a 1996, what I take off still won't match the increase.

What affects a statewide increase like this and why such a big jump I wonder? can anyone enlighten me please. thanks in advance.

Posted: 27 Dec 2007 08:25 Post Subject: My Insurance went up, HELP

Hi goodnatured,

I called to pay my insurance today and the lady told me that my rate was going up $168 every six months, When I asked why, she stated that this was a statewide increase

It is not uncommon to see auto rate increases of 5% to 10%, just because that's what the insurance company wants to do.

Oftentimes, insurance carriers want to build their business in a particular area, so they lower their rates, but when their quota of business is reached, guess what? Right, they have a rate increase.

The good thing is - we all have the right to shop for insurance.
This may be a good time.

Posted: 28 Dec 2007 11:44 Post Subject:

Good natured, I commented in the other thread that I'll be happy to run a value on your truck so you can have more information re: value and dropping collision and/or comp.

As Ins. Maze (happy birthday again!) this is not uncommon...If you want you could contact your states DOI and they will let you know if (I'm sure it is) this is a legal increase...

Did ANYTHING change at all with your policys? What deductibles do you carry on coll/comp, what coverages do you have, and their limits? Many times people carry a lot of coverages that can be eliminated...

Let us know and you know we'll be glad to help...let's figure out if you are going to keep collision and comp first then start shoppin!

Posted: 28 Dec 2007 01:46 Post Subject:

I am adding some more options to the other posts, want to keep it all in one thread for you, LOL. This just irritates me that I have to make this decision, the girls at work are trying to talk me into limited tort, I am not willing to take that jump at all, I have seen people get really screwed with limited tort and unless I have more information on it, I would not even consider taking that risk. does anyone know enough about limited tort vs full tort to put it in laymans terms?

Posted: 28 Dec 2007 09:59 Post Subject:

I'll (and anyone else too plz) go to the other thread and aswer that good natured...:)

Posted: 29 Dec 2007 11:43 Post Subject:

Thanks Lori, going there now to check your response.

Posted: 03 Jan 2008 05:55 Post Subject:

TAlking about a rate increase? I got note a week or so ago saying that auto rates were going down.I don't know if that is state wide ,county wide, or the whole country.But I have not see any decrease on mine.I shopped for insurance once and one company said they could not beat mine at full coverage for 186 every 3 months.

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