Auto Insurance Premiums Up Sharply in 2023
11-20-23, 06:31 PM
#31
Lexus Fanatic
I'm sure that, like me, you are a careful enough driver that you can afford to increase your deductibles without too much risk.
I wouldn't recommend increasing the deductible on the Comprensive (Non-Collision) part very much, though...a fallen tree-branch, hailstorm, rock on the windshield, kids vandalizing, theft, etc.....can happen almost anywhere, at any time, just too much of a risk. I keep a $0 deductible on my Comprehensive.....it only adds a few extra $$$ to the policy, and my vehicle is exposed more than something that is garage-kept.
I wouldn't recommend increasing the deductible on the Comprensive (Non-Collision) part very much, though...a fallen tree-branch, hailstorm, rock on the windshield, kids vandalizing, theft, etc.....can happen almost anywhere, at any time, just too much of a risk. I keep a $0 deductible on my Comprehensive.....it only adds a few extra $$$ to the policy, and my vehicle is exposed more than something that is garage-kept.
11-20-23, 08:53 PM
#32
Instructor
11-20-23, 09:24 PM
#33
Lexus Fanatic
Thread Starter
I usually run $1,000 deductibles on collision. When I switched to Progressive from Allstate it was sich a HUGE savings that I just left them at $500. I increased them back to $1,000. My comprehensive deductible was $50, I raised it to $250. Saved me about $200 a year, worth it...
Ah.....so you let Flo talk you into it (Just kidding)
11-22-23, 12:28 PM
#34
Lexus Fanatic
Actually my old agent came out of retirement and sold me the Progressive policy. He’s the only reason why I went to Progressive lol. Saved me $2,500 a year…
Flo keeps me from wanting to stay at Progressive lol
Flo keeps me from wanting to stay at Progressive lol
02-14-24, 03:56 PM
#35
Lead Lap
Reviving this thread again. My business partner's wife got a new Q7 through our business back in September and I since we pay monthly I hadn't paid much attention to the premium until today. We were paying $2,800 a year for it and my partners F250 was over $2,000 a year through State Farm.
I used SW's insurance contact again and got a quote today through Erie on our business insurance, workers comp insurance, umbrella and auto policies. By switching we are saving $4,800 a year on insurance. I can't believe how much these rates have been jacked up over the past few years. If you haven't already, I would do some price checking to be sure you aren't being robbed.
I used SW's insurance contact again and got a quote today through Erie on our business insurance, workers comp insurance, umbrella and auto policies. By switching we are saving $4,800 a year on insurance. I can't believe how much these rates have been jacked up over the past few years. If you haven't already, I would do some price checking to be sure you aren't being robbed.
02-14-24, 04:11 PM
#36
Lexus Fanatic
Excellent!
02-14-24, 07:04 PM
#37
Lexus Fanatic
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