Yeah insurance companies are getting a little greedy lately.
I was with Progressive until they upped my insurance by $50 a month after my no-injuries no-other-vehicles-damaged no-citations accident to $240 a month for 2 cars (my 2012 3.8 plus wifes Dodge magnum sxt) for crappy $25k/$50k coverage. I was speechless.
Went shopping as my policy was up for renewal and cut it almost in half ($128/month) with 21st, at the same time upping my coverage to $100k/$300k. Everyone else except 21st wanted even more than progressive, and we have absolutely nothing on our driving OR insurance records (AKA no tickets or accidents that had to be covered by insurance).
Moral of the story: shop for insurance every time your policy is up for renewal. It takes time to get quotes and call the companies to make sure the information you've entered and the quote they have given you is accurate but it is worth saving loads of dough.
Also, despite what the silly TV commercials from the big insurance names may say, insurance is not a personal thing, they will all try to screw you to keep from paying, therefore, get whatever is cheapest and has the best coverage.
Location has a LOT to do with how insurance is priced. I was talking with the insurance rep that I bought my latest policy from and was told there are an insane number of factors that contribute to insurance policy prices. For example, insurance in the podunk town of Orange, TX is considerably higher than the larger cities to the west for a two-fold reason: Gambling is illegal in Texas and liquor stores close at 9, but Orange is right on the Louisiana border (gambling is legal in Louisiana, so there are naturally quite a few casinos close to Texas, and liquor stores are open 24 hrs a day) and interstate 10 runs through Orange. Therefore alcohol related accidents are much higher in this area than just a few more miles out. Hence higher insurance rates.
Last edited by dead_again; 10-13-2012 at 07:39 PM.
Reason: I a word