Auto insurance increases

[Wedkyrbt]

How much increase are you guys seeing for your auto insurance? My rates have been steadily skyrocketing from Progressive, even though my car is actually getting older and I have zero changes in any of my parameters - driving record, claims etc.
https://beinsure.com/rising-auto-insurance-costs-market-impact/
Progressive increased my premiums 16.4% in mid 2023, now they've increased it again after just 6 months another 5.2% (that's an annual rate of about 10+%).
Thought inflation was moderating, but does not look like it is in the insurance space.

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[RangerPNW]

Shop around, i was with progressive for a bit and ended up at Liberty Mutual this year and dropped my 6 month premium by 200 bucks despite my wife's speeding ticket. There's no reward for staying loyal to these companies anymore.

 

[21rangerCactus]

I insurance shop every year. I was with Geico for almost 15 years and the premium went up over a grand. Now 5 years later im back with Geico.

 

[WhyNot21]

My Ranger actually went down 10% with State Farm this past 6 mo's. That said, our Tesla MY went up by almost that exact same amount.

 

[ControlNode]

How much increase are you guys seeing for your auto insurance? My rates have been steadily skyrocketing from Progressive, even though my car is actually getting older and I have zero changes in any of my parameters - driving record, claims etc.
Progressive increased my premiums 16.4% in mid 2023, now they've increased it again after just 6 months another 5.2% (that's an annual rate of about 10+%).
Thought inflation was moderating, but does not look like it is in the insurance space.

A friend of mine, also 0 changes and with Progressive, had his coverage for 1 car go from $117/month to $249/month from last month to this month. ~113% increase.

 

[Friday yet?]

Insurance companies suck. Period. Take your $ instantly. But where are they when it’s time to hand you a check?

 

[brroberts]

Shop around. My Safeco bundle went up 40% one year. I got better coverage and saved $1000 when I jumped to Auto-Owners.

 

[mrmike7189]

I insurance shop every year. I was with Geico for almost 15 years and the premium went up over a grand. Now 5 years later im back with Geico.

The problem with the less expensive companies like Geico is that they use afterrmarket parts for repairs exclusively.

 

[mrmike7189]

The "steadily skyrocketing" rates is partly due to the fact that car prices have gone up and every time a car gets wrecked , the value of repairs and the payout for those totaled is that much higher.

 

[Jason B]

I had Progressive since 2010. Had it on my '21. Just enough to pass legal requirements of 15/30/15.
It was about $154. When I bought the '24. same coverage was going to about $300.
So, I went to State Farm, 50/100/50 was $205. Six months later it dropped by $30.
All those Progressive commercials lately don't come free.

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