2017 86 Insurance Increased 70%

[kakacarrotcake]

Based on the information you've given us so far, this sounds correct. Unfortunately it looks like your premium for the 86 is much higher than it is for your previous car, and that wasn't made clear to you when you replaced it. I see it happen every day.

[cat94]

Originally Posted by doL

I'm paying roughly $160/m here in Dallas. 32yo, FRS, 1 point on record for a speeding ticket last year. I've received quotes from a bunch of places and no one can even get close to dropping it enough for me to even want to switch. I even tried to bundle my home and auto insurance and my insurance would have gone up!

*shrug*

They got me at $190/mo for the next term. Last term was $140/mo

Originally Posted by PandaSPUR

Wait, so did this 70% increase happen as a result of you getting your own policy? or did you already have your own policy for the 86 and then that jumped 70% at renewal?

And now that I'm 25, insurance is down to 220 a month.

I already had my own policy at $650/6mo for single car, single driver. My upcoming renewal is at $1105/6mo for no reason at all, really.

Progressive is quoting me with the same coverage for $150 less/6 mo. Is it worth switching? I'm not sure what kinds of benefits long term customers get, although a quick search says not much.

My automatic payment & renewal with Geico is tomorrow, so I'll still have a little time to buy Progressive starting today and call/cancel my current policy. It sounds like Geico is easier to deal with in the case of a claim. Can anyone attest to this?

[cat94]

Originally Posted by kakacarrotcake

Based on the information you've given us so far, this sounds correct. Unfortunately it looks like your premium for the 86 is much higher than it is for your previous car, and that wasn't made clear to you when you replaced it. I see it happen every day.

I previously had insurance for single car (86), single driver at $650. After renewal for the same plan, it will be $1105. Do you mean they accidentally gave me too low of a rate, and are now making it up?

[reeves]

Originally Posted by D_Thissen

Chances are, C5's are owned by older more mature drivers. Not 18 year olds who think they can drift.

I'd argue C5's are cheaper to repair as well. It's just a fat boat of sheet metal patched together with fiberglass-type material on 4 wheels.

And if they designed it better, it would be able to drift without falling apart lol

[reeves]

Originally Posted by cat94

I previously had insurance for single car (86), single driver at $650. After renewal for the same plan, it will be $1105. Do you mean they accidentally gave me too low of a rate, and are now making it up?

Dam I feel for you. My credit score isn't even as good, and I only pay $420 for 6 months, on full coverage. It was only $380 when I lived further out away from the city.

No accidents in 10 yrs, but I did get a ticket for speeding at 102mph 2 yrs ago. Not sure how Geico checks for stuff like that, but don't think it really affected my rates. Of course, I never reported it to them either lol

[kakacarrotcake]

Originally Posted by cat94

I previously had insurance for single car (86), single driver at $650. After renewal for the same plan, it will be $1105. Do you mean they accidentally gave me too low of a rate, and are now making it up?

Not necessarily. It sounds to me as if we don't have the full picture. Maybe you got a red light camera ticket you are unaware of or something. Have you called them and asked yet? They will tell you why your premium increased. Calling your insurance company is literally your best course of action to determine why your rate is what it is.

[cat94]

Originally Posted by kakacarrotcake

Not necessarily. It sounds to me as if we don't have the full picture. Maybe you got a red light camera ticket you are unaware of or something. Have you called them and asked yet? They will tell you why your premium increased. Calling your insurance company is literally your best course of action to determine why your rate is what it is.

Yep, I've called and they told me there are no incidents/violations/past claims/etc. that are affecting my policy. The only reason I was given was that (1) everyone's rates are going up because that's how things work, and (2) lots of people with the same model care are getting into incidents and filing claims.

[kakacarrotcake]

Originally Posted by cat94

Yep, I've called and they told me there are no incidents/violations/past claims/etc. that are affecting my policy. The only reason I was given was that (1) everyone's rates are going up because that's how things work, and (2) lots of people with the same model care are getting into incidents and filing claims.

That's the standard reason we use, and it's generally the truth. The amount of the increase is worrysome though. Most of the time it's 10-20 a month, not 60-70.

[Cole]

Originally Posted by kakacarrotcake

That's the standard reason we use, and it's generally the truth. The amount of the increase is worrysome though. Most of the time it's 10-20 a month, not 60-70.

I had an increase of around 25 per month in January. Looks like my ticket from a couple years ago is on my record now too, so it's probably a combination of the ticket and lots of accidents with the twins. Ain't mad, better than the 440 a month I was paying when I was 18

[cat94]

Originally Posted by kakacarrotcake

That's the standard reason we use, and it's generally the truth. The amount of the increase is worrysome though. Most of the time it's 10-20 a month, not 60-70.

I can accept that, but like you said, the amount is unsettling. It must be a combination of the the above, along with being initially offered a lower rate to get my business.

[mav1178]

Originally Posted by cat94

I previously had insurance for single car (86), single driver at $650. After renewal for the same plan, it will be $1105. Do you mean they accidentally gave me too low of a rate, and are now making it up?

I'm sorry, your previous rate was quoted wrong or was just too low to begin with.

If I took off all the discounts for my BRZ and did single driver single car with no discounts, the premium would've been in the neighborhood of $1600-2000 annual for a single male, 35, with excellent credit in 91745. Full coverage, $500 deductible, 150k/300k on liability.

With all the stacked discounts, my insurance for two cars was $1400 full coverage. Granted, this also included many things like multi-car policy, etc, but the point is if I took out only my BRZ premiums, my policy would've been closer to $2k.

You are just paying the more accurate rate now, I really don't see anything wrong with the price given your age and the amount of miles you drive.

-alex

[kakacarrotcake]

Originally Posted by cat94

I can accept that, but like you said, the amount is unsettling. It must be a combination of the the above, along with being initially offered a lower rate to get my business.

Yeah. Insurance rates are constantly changing, often times it feels like they only go up, but if you stick with your company and continue to maintain your driving record, you should eventually see them go down. I started with Geico when I was 23, I was paying $180/month for 100/300/100 with comp and collision at $500 + roadside and rental car for a 2005 Honda civic. I've been with them going on 4 years now and I pay $103 a month for the same coverage on my FRS. I'm not saying it's guaranteed, but it definitely can get better when you establish loyalty with a company.

[Hix]

Yea, mine just went up as well. I went from 184.34 to 279.17. That is for mine and my wife's car though. For the BRZ on it's own it is 137.83 a month. Neither me nor my wife have bad credit (lowest reported for me is trans union with 817) and we should not have any tickets on record. I was in a few wrecks dating back 5+ years ago where I was hit by a few drunk drivers; I was getting hit by a drunk a year for a while there. Both me and my wife were in hit and run wrecks where we had to take dashcam footage to court to get the damage paid out, but that shouldn't effect my insurance as I never filed a claim with my insurer (USAA).

[Tcoat]

Originally Posted by kakacarrotcake

Yeah. Insurance rates are constantly changing, often times it feels like they only go up, but if you stick with your company and continue to maintain your driving record, you should eventually see them go down. I started with Geico when I was 23, I was paying $180/month for 100/300/100 with comp and collision at $500 + roadside and rental car for a 2005 Honda civic. I've been with them going on 4 years now and I pay $103 a month for the same coverage on my FRS. I'm not saying it's guaranteed, but it definitely can get better when you establish loyalty with a company.

Our insurance is obviously different here so what I do may not be applicable in the US.
I use a broker so never really know who my actual insurance company will be until I get the renewal card. The broker shops it around every quarter and wherever they get the best rate is now my company. The small fee I pay the broker to do this is returned many times over each year.