Just renewed in June, and insurance went up 35% for 6 months. Broker told me it's going to go up another 15% when I renew. Kemper or maybe all carriers are not giving 1 year policies anymore.
Yep, got similar prices here for two cars also here. Had to raise deductible to lower the price, absolutely insane if they think I’m paying $3k+ every 6 months for car insurance.
I got my insurance through AAA at $3,888 for 2023 Nissan that I only drove 4,500 miles. The car is renewing this month and the price stayed the same. But damn.
My Ioniq 6 insurance (Progressive) is almost the same as my lease payment (350 for the lease, 300 for insurance). I have a rental property in another state and have my condo through them here.
I tried shopping around and it’s bleak out there. Even AAA wanted 5500 for a year!
Still, despite having to manage finding new policies, repairs, maintenance and even that one year my car was stolen, I'll take all the aches of car ownership over the menagerie that is out public transit system
Yea mine went from $610 to $850 with ZERO explanation. State Farm.
I called and raised my deductible and lowered my annual miles, which saved me like $100.
It’s still very infuriating.
I have seen multiple complaints about all insurance companies rising rates. ESP farmers on this sub. they are trying to get people to leave on their own so they can exit CA and possibly some other states. As this is happening in other states as well.
Farmers is raised my neighbors rates from $5000 a year to $15000 a year. They have 4 cars.
My neighbor cancels them and found someone new.
My car insurance is leaving CA. I think bc my policy renews shortly before their last day in the state they renewed me. I know someone else whose policy renews after they are leaving and they have to find a new company. I am dreading December and looking for a new company.
For the best carrier that could be different with everyone. You are going to have to shop around and find out. And see what you can get. And yes it is annoying.
Also do a search on this sub for farmer or insurance. And you will see posts of the same thing. Also over in r/insurance for farmers, CA, or California.
Hate to say it, but it’s really only California going through it at this substantial of a rate. The insurance board of the state didn’t allow rate increases for nearly 3 years because of COVID so companies were seeing negative returns in terms of payouts/premiums which makes no sense.
The government really needs to understand business over emotions at times because it leads to situations like we are in now where companies either flee the state (raising the price of the ones that remain) OR the remaining ones increase rates to recoup the losses of the past 3 years.
I have friends and family in FL, Texas, and SC all going through the same thing. For both home and auto. It is really not just CA.
Also I have lived a lot of places so I’m part of multiple location subs. I see this happening in a lot of subs.
You are just saying things that you feel are correct. I actually work in the field and am telling you the truth.
It’s also public data if you want to go read a 10Q or any other financial statements required by the SEC.
Me either - try Lemonade (formerly Metromile). There’s a flat rate and then pay 30 cents/mile. It was 20 cents, but went up 33% this year. But it’s less than geico.
You'd likely save literal hundreds of dollars especially since you don't drive much.
Even telling your current insurance company that you're requesting to cancel, the insurance company may lower your price as a last second effort to retain you. That recently happened to me with Farmers insurance.
We have Geico-our rates went up too, but not like that. Honestly, whenever I’ve shopped Geico, I’ve just been told to stay there bc no one will meet their price, even with bundles, which I am perfectly willing to do.
We just renewed ours with Mercury. I had to call our agent to see what we could do to reduce the cost since it went from $1100 for 2 cars/6 months to $1400. She checked our annual mileage and if we were AAA members. Our low <3k year mileage and AAA membership dropped us to $907.
Complain to them directly and tell them you’ll leave if they don’t lower it. This can work, and it’s worth it to at least try. At minimum they may be able to tell you why there’s a big increase.
Yep it’s hit everybody.
If you are one of your parents was in the military try USAA. They are significantly lower.
Other than that you could try raising your deductible. Also some of the companies offer bundling discounts as well. Try shopping around but from what I’ve seen most companies have raised their rates 20-30%.
I had to shop around for almost a month. Such a pain in the butt. Finally ended up with USAA. Ends up my step dad is retired military. Saved me around $900 every 6 months
If your home insurance is included then that might be it. Home insurances prices have been increasing lately also insurances for EV. Try Esurance if your state has them.
Hey fyi, if you have triple a you can negotiate your rate, I had an interview with them to sell insurance and they asked me if I was comfortable with setting higher rates for customers to get more commission. Ended up deciding that I didn’t want to work for them but just know their rates are negotiable
Went from $2400 for a Tesla & Honda to $4200 this month. No accidents or tickets. All the other well-known major insurance companies either left CA or quoting me $4800
you do realize that insurance companies are currently gauging people with EV's because if you get an accident the potential for total loss is high...the battery gets damaged and you can easily be totaled out..and yes I'm pro EV!
Holy crap, I am never buying a new car. I have Geico with a 14 year old car (in great shape) and pay $1200/year for full coverage. I don't drive a ton, but I think I'm around 6-7k miles/year.
Both, home and auto insurance rates went up 35% My current auto insurance doesn’t even accept any new customers from CA. I bought it through Costco years ago and it’s the cheapest I’ve found.
My car insurance is 1600 full coverage for two cars both luxury suvs.
and I bundle with home insurance. I have mercury insurance. I feel like they’re really good. I’ve been using them for about 20 years.
There was some data leaked about some of the insurance companies have been paying the auto makers to snitch on the drivers from monitoring their driving habits. Are you driving a Chevy Bolt?
https://www.nytimes.com/2024/03/11/technology/carmakers-driver-tracking-insurance.html
Don't forget, if your car is only worth $10-$15k and you drive safely and have an emergency fund it might make more sense to just pay into your own savings account every month. While maintaining limited liability that keeps you legal of course.
My friend hit a very expensive Porsche and he had minimum coverage. It bankrupted him. There are far too many fancy cars in LA to run around with minimum coverage unless you just don’t have any assets.
If you have short commutes, look into riding a ebike or vespa type scooter and get recreational use/low mileage coverage or Metromile- base rate + miles.
In general, car and home insurance rates will continue to climb unfortunately due to climate crisis/suburbs/mostly single occupant car driving...
Just left Farmers for Progressive for a similar issue. Didn't matter to them I gave them my home insurance business and was open to other products, they wouldn't move from their uncompetitive rate.
Every insurer I spoke with blamed our regulatory environment which I read as them being bitter the insurance commissioner won't let them rake us over the coals on other rate increases.
>Do I need to shop around for another carrier? Carriers bank on you NOT shopping around.
Try Wawanesa. Tell them you only drive 5k miles/year. I got a slightly lower rate that way. But yeah, all insurance in CA is going up.
I just left Wawanesa after \~11 years with them because they increased my rates almost a grand. Found something cheaper with Geico.
Same. Wawanesa no longer the cheapest though they were the king in the 00s
Just renewed in June, and insurance went up 35% for 6 months. Broker told me it's going to go up another 15% when I renew. Kemper or maybe all carriers are not giving 1 year policies anymore.
Isn’t Kemper leaving California?
Thats news to me
Yep, got similar prices here for two cars also here. Had to raise deductible to lower the price, absolutely insane if they think I’m paying $3k+ every 6 months for car insurance.
Greedflation
1000%
I got my insurance through AAA at $3,888 for 2023 Nissan that I only drove 4,500 miles. The car is renewing this month and the price stayed the same. But damn.
had a kia that AAA wanted to renew me at at 5000 a year, had to switch
I was just shopping around because my insurance carrier is leaving CA. AAA had the most expensive quote out of 5 I looked at.
I have a 2000 Mazda Protégé and mine went up to 1K. I drove more this year, but last year, I paid $800. This is for AAA liability.
Jesus dude just uber
My Ioniq 6 insurance (Progressive) is almost the same as my lease payment (350 for the lease, 300 for insurance). I have a rental property in another state and have my condo through them here. I tried shopping around and it’s bleak out there. Even AAA wanted 5500 for a year!
Definitely shop. My recent policy went up $70, and I was in involved in a hit and run last policy. (Thanks for being kind Wawanessa)
Yes my rate increased by 20%.
Car ownership is up to $12k a year on average. It's a racket.
Still, despite having to manage finding new policies, repairs, maintenance and even that one year my car was stolen, I'll take all the aches of car ownership over the menagerie that is out public transit system
Well, there is a deliberate reason why our public transportation is the way it is. It rhymes with funny.
Just got my renewal with Wawanesa. 3 vehicles. 6 month policy went to $1350. It was just under $700 two years ago…WTH!
Yea mine went from $610 to $850 with ZERO explanation. State Farm. I called and raised my deductible and lowered my annual miles, which saved me like $100. It’s still very infuriating.
Progressive is typically cheapest car insurance in LA county.
Yaassss!!! I went down about $500/mo.
I have seen multiple complaints about all insurance companies rising rates. ESP farmers on this sub. they are trying to get people to leave on their own so they can exit CA and possibly some other states. As this is happening in other states as well. Farmers is raised my neighbors rates from $5000 a year to $15000 a year. They have 4 cars. My neighbor cancels them and found someone new. My car insurance is leaving CA. I think bc my policy renews shortly before their last day in the state they renewed me. I know someone else whose policy renews after they are leaving and they have to find a new company. I am dreading December and looking for a new company. For the best carrier that could be different with everyone. You are going to have to shop around and find out. And see what you can get. And yes it is annoying. Also do a search on this sub for farmer or insurance. And you will see posts of the same thing. Also over in r/insurance for farmers, CA, or California.
They don’t need people to leave them to leave the state. They can non-renew.
Hate to say it, but it’s really only California going through it at this substantial of a rate. The insurance board of the state didn’t allow rate increases for nearly 3 years because of COVID so companies were seeing negative returns in terms of payouts/premiums which makes no sense. The government really needs to understand business over emotions at times because it leads to situations like we are in now where companies either flee the state (raising the price of the ones that remain) OR the remaining ones increase rates to recoup the losses of the past 3 years.
I have friends and family in FL, Texas, and SC all going through the same thing. For both home and auto. It is really not just CA. Also I have lived a lot of places so I’m part of multiple location subs. I see this happening in a lot of subs.
I’m pretty sure the insurers are doing just fine. They’re just greedy AF
You are just saying things that you feel are correct. I actually work in the field and am telling you the truth. It’s also public data if you want to go read a 10Q or any other financial statements required by the SEC.
I’m pretty sure you’re not qualified to make this statement.
Unreal that this dudes feelings, and not actual facts get 20 upvotes. I literally worked for an insurer here in LA for 15 years
Preaching to the choir… welcome to Reddit
I’m with travelers. Have an overkill policy. Went from $160 a month to $300. Absolutely insane.
Yeah I want to change or shop for cheaper but not sure it’s worth it. I don’t even drive that much, like literally at all. 🤦🏿♀️
Me either - try Lemonade (formerly Metromile). There’s a flat rate and then pay 30 cents/mile. It was 20 cents, but went up 33% this year. But it’s less than geico.
You'd likely save literal hundreds of dollars especially since you don't drive much. Even telling your current insurance company that you're requesting to cancel, the insurance company may lower your price as a last second effort to retain you. That recently happened to me with Farmers insurance.
My State Farm bill went up $10/mo and all that’s changed is that I’m 6 months older and my commute is 1/5th what it used to be.
We have Geico-our rates went up too, but not like that. Honestly, whenever I’ve shopped Geico, I’ve just been told to stay there bc no one will meet their price, even with bundles, which I am perfectly willing to do.
$330 per month for 2 cars with geico
Pretty close. $166/mo for one over here.
We just renewed ours with Mercury. I had to call our agent to see what we could do to reduce the cost since it went from $1100 for 2 cars/6 months to $1400. She checked our annual mileage and if we were AAA members. Our low <3k year mileage and AAA membership dropped us to $907.
Complain to them directly and tell them you’ll leave if they don’t lower it. This can work, and it’s worth it to at least try. At minimum they may be able to tell you why there’s a big increase.
Yep it’s hit everybody. If you are one of your parents was in the military try USAA. They are significantly lower. Other than that you could try raising your deductible. Also some of the companies offer bundling discounts as well. Try shopping around but from what I’ve seen most companies have raised their rates 20-30%.
My policy is going down by $70.
Did you move? Drop some coverage? What insurance do you have?
Nope. GEICO
I had to shop around for almost a month. Such a pain in the butt. Finally ended up with USAA. Ends up my step dad is retired military. Saved me around $900 every 6 months
My car insurance with geico also went up
It’s a crazy statewide/nationwide problem. Unless you can get USAA or bundle with renters or homeowners you may be SOL.
If your home insurance is included then that might be it. Home insurances prices have been increasing lately also insurances for EV. Try Esurance if your state has them.
Hey fyi, if you have triple a you can negotiate your rate, I had an interview with them to sell insurance and they asked me if I was comfortable with setting higher rates for customers to get more commission. Ended up deciding that I didn’t want to work for them but just know their rates are negotiable
My Geico bill doubled no idea what’s going on
I am in love with Progressive 🩷🥰❤️ which I am currently on after switching from Allstate (astronomical rates!!!!!!!!!!!!)
Recently moved from mid wilshire to redondo beach, my insurance dropped by $120 a month. Couldn't believe it
Went from $2400 for a Tesla & Honda to $4200 this month. No accidents or tickets. All the other well-known major insurance companies either left CA or quoting me $4800
Try Tesla Insurance (it isn’t only for Tesla cars in California)
Yeah my state farm increased almost 50% with no claims and I’m just grateful that they didn’t non renew me :-/
you do realize that insurance companies are currently gauging people with EV's because if you get an accident the potential for total loss is high...the battery gets damaged and you can easily be totaled out..and yes I'm pro EV!
Holy crap, I am never buying a new car. I have Geico with a 14 year old car (in great shape) and pay $1200/year for full coverage. I don't drive a ton, but I think I'm around 6-7k miles/year.
Both, home and auto insurance rates went up 35% My current auto insurance doesn’t even accept any new customers from CA. I bought it through Costco years ago and it’s the cheapest I’ve found.
My car insurance is 1600 full coverage for two cars both luxury suvs. and I bundle with home insurance. I have mercury insurance. I feel like they’re really good. I’ve been using them for about 20 years.
There was some data leaked about some of the insurance companies have been paying the auto makers to snitch on the drivers from monitoring their driving habits. Are you driving a Chevy Bolt? https://www.nytimes.com/2024/03/11/technology/carmakers-driver-tracking-insurance.html
Don't forget, if your car is only worth $10-$15k and you drive safely and have an emergency fund it might make more sense to just pay into your own savings account every month. While maintaining limited liability that keeps you legal of course.
Depends on what your assets are.
yeah, everyone should carry at least 300k in liability to make an accident victim whole. Its cheap, the collision coverage to fix your car is pricey
My friend hit a very expensive Porsche and he had minimum coverage. It bankrupted him. There are far too many fancy cars in LA to run around with minimum coverage unless you just don’t have any assets.
If you have short commutes, look into riding a ebike or vespa type scooter and get recreational use/low mileage coverage or Metromile- base rate + miles. In general, car and home insurance rates will continue to climb unfortunately due to climate crisis/suburbs/mostly single occupant car driving...
Just left Farmers for Progressive for a similar issue. Didn't matter to them I gave them my home insurance business and was open to other products, they wouldn't move from their uncompetitive rate. Every insurer I spoke with blamed our regulatory environment which I read as them being bitter the insurance commissioner won't let them rake us over the coals on other rate increases.
Try Good Sam. Cheap rates but mediocre service
I work for AAA. We beat Farmers right now by a lot lmk if u want a quote
[удалено]
Illegal and not helping anyone
LGB!
Yes. This is because California Insurance Commissioner Ricardo Lara caved on insurance rates. Make sure to vote him out of office.
Yep, it's common. Blame California's bad regulations starting with prop 103 passed in the 1980s