Quote:
Originally Posted by n8xwb
I have my car insured through USAA which has a reputation for being a great company. I have a 2017 Chevy Volt which is, by the way, a great hybrid. In one year, my six month policy rate has increased almost 25%. I have rounded off numbers but the math below is quite simple. Divide the change in policy dollars by the original cost a year ago. In my case....November 2016 cost $600. November 2017 cost $750. That's a $150 increase. Divide $150 by $600 (150/600) and you get .25 which is the 25% I mentioned above.
I called USAA and they claim this is due to Florida rate increases. I have had no accidents,nor tickets, nor any changes in my credit score. I am hoping some of you Florida residents will spend the time to go back a year, and compare your rates, do the same math and share your results. I am wondering if all insurance companies are raising their rates here in Florida as much as USAA is! Please only spend the time if you too have had no accidents and no tickets during the past year. And it would be nice if you mention your insurance company's name. Thanks for your time!
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The amount charged comes from their risk assessment.
You CAN and should probably shop other competing companies.
You were told the reason is Flood risk. Perhaps, your company put the entire state of Florida as a flood risk.
Teasing a bit but with global warming all the rage, I've seen maps that suggest the villages will be water front property in 100 years as we are on fairly high ground.
You report no accidents or tickets over the past year.
What you have said is no change last year but, accidents and tickets are on your record. Your company may have done some research into past events.
As to insurance companies name-we have TRAVELERS and have had them for four years.