Outrageous Insurance $$$ in Florida
 

We've been Progressive customers for 6+ years - car, home, golf cart. Of course every renewal period costs UP. We got a new car and sold our old one. Our car insurance went from $1250 year to $2100. Outrageous - we drive under 5K miles per year with a PERFECT record. No claims and credit rating is 840.

So, we will shop around next week. We'd like to actually GO to insurance offices around The Villages, rather than phone or on-line. Went to Villages Insurance a couple years ago to get rates from them and no better than Progressive at the time.

Suggestions?

Our progressive auto insurance (2 cars, no accidents or claims) went up $800, when I went to AAA office to complain about the increase they said they were seeing this on a lot of policies. On the flip side, the house insurance increase was very reasonable, so we stayed with progressive for the time being.

I recently got low-balled on car insurance by progressive. Guess I will have to look around in 6 months again.

I wanna get low balled

Not going down
 

The way insurance laws are written in Florida, rates aren’t going down anytime soon either.

Villages Insurance is a broker. They represent numerous agencies. Progressive is only one.

We experienced the same thing with Progressive: our car insurance more than doubling and home insurance increasing by several hundred dollars per billing cycle. Our Progressive agent found us a home policy with a company called Cabrillo Coastal at a bit more than half of what we were paying Progressive when we dropped them, and an auto policy with USAA: not cheap but maybe 75% of what we were paying Progressive.

Don't know how true it is...I heard that Progressive is looking to leave Florida entirely and is looking to make as much as possible before that happens.

We experienced the exact same thing with our Progressive insurance quote. We found that Progressive would give us a huge discount (approx. $1,950 to $1,250) if we had a monitoring device and drove less than 6k miles. We don't mind the monitor because we are safe drivers. Don't know about Cabrillo Coastal but I would check them out first.

Florida is the most expensive state for car insurance. This is due to the high number of catastrophic claims brought about by extreme weather. The Sunshine State ranks second in true cost, with motorists spending almost 6% of their income on auto coverage.

Florida is home to three metropolitan areas with the highest true cost of car insurance. These are Miami, Tampa, and Orlando.

What kind of "monitoring" device?

That is an unusually large discount so, it makes me think they are able to reduce so much because they're selling the info they get from that device to a third party. That's the only way I see those economics making sense. If you don't care about that, that's fine. If you do care about your info being sold and being monitored all the time then, read the fine print.

Same story, never an auto or home claim, got new roof and progressive raised even MORE than their usual 25-30% standard raise every billing. Drive auto less than 5K a year, perfect credit no debts of any kind, and it still keeps going sky high. Even tried the Villages Insurance broker, they couldn't find any relief. Tried "Kin" broker who advertises so often, same as all the others, bait and switch, VERY attractive premiums and in 6 months, they make up for it. For home, GREAT RATE, half of our premium, but we didn't "bite". Brother in law did, switched for their low rate. Next annual period when they expected the same bill, no, it had more than doubled and it was more than the premium we felt was unrealistically priced by Progressive. Now B.I.L. can't go BACK to their previous carried as switching constantly causes rates to go even higher. So, if YOU find any actual worthwhile answers to this "problem", let all of us know on this blog site ! Seems in a free market economy, just like pharmaceutical companies, profit is the motive, not being "good" to people. Insurance is like a casino and the house does NOT want to loose ! We are living in a world where rebuilding from devastation is extremely expensive and materials and labor scarce; while, tornadoes, hurricanes, floods, and hail continue. I don't see an end to insurance rates taking a large portion of a an income. Hope I'm wrong !

This is so depressing. We’re kind of fortunate in that we can absorb these continual exhorbitant costs. But many with fixed income will not. All insurance costs, especially here in Florida is out of control. I wish that our leaders in Florida would assault this topic and drive change.

We were going to search for more affordable insurance soon. This is depressing….

I always thought that insurance companies are regulated by the state. However, they seem to be making record profits so it looks like someone is not doing their job.

Insurers start seeing profit, continue rate hikes | Repairer Driven News.

I believe that the Florida Office of Insurance Regulation regulates insurance companies.

Resources.

And some companies have requested a 50% rate increase!

Two private Florida insurance companies propose 50% increase

And some have requested no increase or even a rate decrease!

19 Florida insurers file for rate decreases or no increases in 2024

The ‘leaders’....including the chief executive have received millions in insurance industry contributions. From top to bottom they urge their constituents to exercise 12-18 months of patience while the reforms they’ve enacted can take hold. Comical.
When making these types of deals.....you would think that they would ask the state regulator to freeze any proposed increases for that same time period....as a sign of good faith.....and ‘patience’ on their part as well!

Car and other insurance
 

The Dan Newlin type attorneys contribute a lot to the cost of our premiums.

I would be careful to go for the cheapest quote you find. Read everything about the policy. If there’s an issue in your life you want a company that has a good track record.