Our cars insurance rose by 27% this year

[question everything]

I wonder whether some of it is because new charges that the State passed?

Or just because of all the costs that insurance companies have suffered. Not just cars, but also homes.

[MLAA]

1. My home insurance doubled in 2 years and I'm not in a flood zone, fire zone or any dangerous zone.

Crazy. I haven’t shopped around yet, but about to start.

[OAITW r.2.0]

3. I imagine that House insurance rates are based on national claims exposure.

Climate Change is sure to make these costs go up, even for low risk regions. Car Insurance, is a whole nother economic sector....not sure why my rates go up as my vehicles age...

[pwb]

2. Mine went up

but I bought a new car. This car is smart.

[multigraincracker]

4. I lean towards self insurance.

I have a 2000 van, That I love and a 2012 Ford Focus. PL/PD coverage on both. Wife has a newer car and we have a high deductible. Have’t had a thicket or accident in over 30 years.

[SWBTATTReg]

8. Yes, running into a thicket can be very dangerous! Ha ha heh.

[multigraincracker]

5. I lean toward self insurance.

I have a 2000 van, That I love and a 2012 Ford Focus. PL/PD coverage on both. Wife has a newer car and we have a high deductible. Have’t had a thicket or accident in over 30 years.

[iemanja]

23. You have to carry liability

Even that has gone up.

[bucolic_frolic]

6. Shop for some lower rates

[Ritabert]

7. Progressive started the same nonsense during the pandemic

They used to be cheaper but not anymore. I have to shop around when it comes due again.

[IbogaProject]

13. In many states you get a prorated refund when you change insurers.

Varies by state, but your broker will know.

[chia]

9. My Wawanesa car insurance went up by 28%, because

according to them the cost of auto repair had gone up 40%, the cost of replacement 60%, and the cost of medical claims 55%.

I

[dflprincess]

10. Between December 2022 and June 2023 mine went up 17%

Part of the reason being the jump it took for turning 70.

Between June 2023 & December 2023 it went up 37% but that had a lot to do with bidding the 14 year old Civic goodbye and getting a shiny new vehicle with all sorts of bells & whistles. I like a lot of the new features like the back up camera & blind spot indicators but all the electronics add to the cost of repairs.

The company I'm with also pointed at the high rate of car thefts in the area though I got a little bit knocked off for the anti-theft option on the car. (Though the Civic had the best anti-theft protection - a manual transmission. The new one is automatic.)

[3Hotdogs]

11. Combining car and house/tenant insurance with the same company can reduce premium.

[OldBaldy1701E]

12. Well...

Expensive is the order of the day around here it seems.

[dflprincess]

14. Note that Minnesota does not tax residents on food or clothes

Where did this blurb come from?

[OldBaldy1701E]

15. It was an article I read about which states are bad for retirees.

I saved that one because I wanted to examine what it said a bit further.

[PlutosHeart]

16. Most articles that I see

about "which States are best for" retirees are basically advertising for southern red States.
Not interested.

[OldBaldy1701E]

18. So, the article is not being factual?

I know when I moved up here I was shocked at some of the prices.

Regardless, that is where I found the article. Make of it what you will.

[PlutosHeart]

20. Where did you move from?

If I may ask.

MN ranks very high on most lists for quality of life in many areas.

There was a recent article on Bring Me The News or MinnPost or somewhere where this whole idea of MN. has high taxes was broken down. You may have to look it up.

[OldBaldy1701E]

21. I was referring to higher prices not taxes.

Where I moved from (Tennessee... not from there though, just lived there before here) has higher taxes (generally) because they don't have a state income tax. But the base prices for some products and services is more than it was down there. Especially car repair! Man, one had better hope their vehicle works a long time around here.

[PlutosHeart]

22. I have lived pretty much all over the State.

Depends upon where you are in the State is my experience.

[OldBaldy1701E]

26. It is the same where I am from. Depends on where you are. (n/t)

[iemanja]

24. It reads like a right-wing source to me

Lots of retirees live here.

[OldBaldy1701E]

25. Well, the article was more about the idea of where one might want to move for retirement.

In my home state of North Carolina, there are plenty of retirees as well. They won't last long with the healthcare system that exists there, but there are plenty of them there/moved there. I can't imagine. Your last name would have to be Soros or Rockefeller or Gates or something to be able to survive the N.C. healthcare system's financial vultures. (Better not have a chronic condition, they would be drooling at the prospect...)

[PlutosHeart]

17. It's a trick

hoping to make more room for the wealthier moving here that are running away from climate change.🤣

[OldBaldy1701E]

19. That I would not doubt. (n/t)

[madamesilverspurs]

27. Seems to be a plague.

Mine went up and resulted in a rather contentious phone call with the company. I pointed out that I'd been a customer for many years and that my driving record is pristine; they acknowledged both, but mostly hemmed and hawed. They didn't appreciate my comment that the increase is based in nothing more than 'because we can.'

And I'm still cleaning up the mess from going online to look for alternatives. Scam happens.


.