Auto Insurance
 

I have had Allstate auto insurance for 25 years. Perfect driving record, no claims. I just got my 6 month renewal notice. It is for $627, which is an increase of 27 percent. Too high to ignore. I called State Farm, and they can provide the exact same coverage for $311. I called Allstate, and they just told me to switch to State Farm. Apparently, insurance companies don't care anything about keeping customers. I tried other companies, but most of them will not provide the high liability coverage amount that I want, and they don't have a local office. Most of my premium cost is for liability. An umbrella policy is an option, but it is not cost effective. Has anyone had a similar experience?

Suggest taking with Villages Insurance. Great local support with several options.

Also check your LexisNexis report in case something odd is on your record.

Order Your Report Online - LexisNexis Risk Solutions Consumer Disclosure

Are you sure it's the exact same coverage ? That sounds pretty low.

Yes, I'm sure. I only have liability, collision, comprehensive, and the mandatory PIP. Nothing else.

You were one of 16,000,000 customers.
You were a number, you were a stat.

Just switched to USAA after my "local" agent did not return my calls or e mails for 3 days. When I called office and said I would talk to another agent if my sales person was unavailable, I was told next available agent would call me. After waiting for 24 hours, I shopped online and found USAA the best price for comparable insurance (I was surprised) because previously they were the highest. My 6 month rate went from $607 to $475 with USAA. By the way, Progressive was second at $494.

Watch for the bait and switch with the new insurance company. They often offer you a new customer teaser rate and then jack the premium way up when you get your renewal bill. If you are an AARP member, I have found that the auto policies offered to its members through the Hartford Insurance Group have very competitive rates. Good Luck.

& read the paper.

not all policies are created equal.

I've found that an umbrella policy is one of the cheapest coverages you can buy. We pay $240 for $1,000,000 in coverage. Granted, we need to carry higher limits on our underlying policies.

Yes, but both Allstate and State Farm offer up to $1 million in liability coverage as part of their regular auto policy options. Surprisingly, Progressive with The Villages Insurance would only allow up to $250K liability for auto insurance and $500K for their homeowners policy. I think you need more liability coverage for your auto policy than for your homeowners.

When reading this makes my blood boil.

All I read about is always review your policy's every year to get the best coverage and price.
When you do find a company that you feel is for you, they jack up your premium a year later.

Dam if you do, and dam if you don't.

What's the answer People??

When you say liability coverage, that's different then an umbrella policy, right?

Because they never pay out on the policies.
6,500 policies at $240 per is their breakeven point.

Same experience three months ago. They told you they don’t want your business. Makes no sense. Just switch. State Farm wants more exposure in Florida I guess.

Not really. Typically, if you have auto insurance and homeowner's insurance, you can buy a third policy called an umbrella policy. The umbrella policy merely piggybacks onto the other two policies, and it increases the liability limits for both policies. But, the umbrella policies I have seen do not add any additional risk coverages, they just provide a higher liability limit.

Thanks for putting me on the straight and narrow

I agree, paying $621 for one year on mercedes

always shop around...and compare apples to apples

Triple A gave us the best rates for the coverage we wanted last time

IMo Allstate most expensive insurance you can buy, plus they want to monitor you’re driving habits for the so called discounts, which IMO will turn into increases or cancellations if you don’t meet there standards and average mileage requirements. Any insurance company can beat there prices. So, some say you get what you pay for but IMO you can do better. In you’re case you want extreme liability requirements which says you’ll pay lot more. I am surprised it only went up 600 dollars.

Be glad you don’t live in NM where less than 1/2 pays for people who don’t get insurance. Extremely high there when I lived in that state regardless of loyalty and no accidents.

I had Hartford in pass and that’s EXACTLY what they did.

I missed it, what is the make and model of your car????

Insurance
 

I would suggest always bundling your home, auto, and umbrella with the same carrier. Usually gets you a better rate overall. Should look at the total for all three. Umbrella is a necessity with all of the lawsuits. Just look at all the signs on the Freeway. A rule of thumb is to carry an umbrella equal to your net worth. As mentioned above, an umbrella policy will require that you carry limits on your other policies above the state-required minimum, which are way too low. Don't forget to mention if you own a golf cart. It affects the umbrella. I just switched back to Foremost (direct not through the village's insurance) and got a good rate on the Cart.

Geico doubled, switched to progressive, you are just a number .

Time to shop.

Yes. Had Progressive via The Villages Ins. Premium went up to $2000 for two cars for the year. No claims, etc. They switched me to Mercury exact same coverage for $1400.

I’ve had State Farm since I was 16 years old. That would make it 62 years now. I’ve had a few claims over the years and they have never hesitated to take care of them. (None for at least 30 years). Policy is under $600.00 for six months and I’ve checked with several other companies and some can beat the rate, but not by enough to make me want to change companies. Homeowners is a different story. They were 50% higher that what I was paying through The Villages Ins, but when American Integrity almost doubled their rate (because of all the free roofs), I switched to Farmers.

age, credit, vehicle, location all play a part in this. I've had State Farm for decades. I can tell you that none of my vehicles are that that low for 6 months. I believe the lowest is 427. With that said, I also don't carry minimum coverage. It's not worth it in this state due to the types of drivers I was advised years ago to go on the higher end, and I'm glad I did. I also carry them for homeowners and umbrella.

I have a $79,000 claim listed on my LexisNexis that is NOT mine and I have tried for over 2 years get them to remove it. They told me they did removed it but the next time I got a homeowners insurance quote I was informed that this claim was still on my report! Any advice on what I can do about getting LexisNexis to remove it??

I shopped around a lot before closing on new house in September. I went with State Farm. They provided best coverage for lowest cost and deductibles. We were with Liberty Mutual which would have cost double. My State Farm agent sat with me for over two hours and answered all of my questions. We agreed to have our driving monitored because it lowers your rates.

Had Allstate , raised rates and switch to state farm cheaper. After 2 years raised rates for no reason and gave no explanation. Switch to travelers and saved $450 for 6 mo . Have three vehicles.
They are sneaky though .
They have a option called IntelliDrive which saves 6 prr cent . You install it on ur call for 90 days and monitors your driving habits . Safety they say , but it tracks your mileage so on renewal they can raise your rates if you drive over your stated miles .

An Umbrella Policy is the cheapest protection u can get…. It covers just about everything u own…

We have had State Farm for over 35 years, after switching from AllState. Of course, we now have huge discounts, having all of our insurance with them.

They more than likely raised your rates only because of your age. They were hoping you would cancel your policy.

AAA .. bundle the home and auto and get a great deal.

Partially correct. Both are liability coverages, but umbrella coverage only pays for claims that exceed your underlying liability coverage. If your auto liability coverage has a limit of $100,000 and you have a $1,000,000 umbrella policy and have a claim against you for $250,000, your auto policy will pay the 1st $100,000 and your umbrella will pay $150,000.

I have had umbrella policies in the past, but they only increased the liability limits on my home and auto policies. They did not offer any protection for additional risks. I don't know what kind of umbrella policy you are referring to, but some people mistakenly think that an umbrella policy will protect them from events that are not covered in their home and auto policies. The ones I had did not. If there is an umbrella policy that will cover risk events that are not covered in the standard home and auto policies, I would be interested in finding out specifically what they cover and who sells them. Thanks.

Best thing you can do is to shop around. Forget about company allegiance. A thing of the past. I was in the insurance biz. $311 seems very low unless you are buying minimal coverage. Working with a local person/company also is disappearing.

We moved from S. Florida. We are now paying 40% less. Suspect that our rates are going to go up a lot more, due to increases in vehicular traffic.

Suggest going to a local independent agent. They have the resources to get you multiple quotes.

Correct. But, also, most companies will not sell you an umbrella policy unless you already have the maximum allowable liability coverage on your home and auto policies. So, it would be unlikely that you would have an umbrella policy and also have an auto policy with only $100,000 of liability coverage. Both Allstate and State Farm will allow you to purchase an auto policy with $1 million in liability coverage. Progressive will allow up to $250,000 in liability coverage for most customers.

Ohiobuckeye
 

Oh they care about customers they already have but they’re in business to make money. Like most Ins. Co. if all of their clients had wrecks or fender benders, it’s costing that Ins. Co. money so how do we think they stay in business, raise all their clients rates to cover their expenses. Otherwise they would go broke. I think you’ll find that out with any Ins. Co. you go with.
You might get a good rate the first yr. or 2 but your rates will go up there too, real soon! Just my opinion but do what you want.