Insurance companies on a money binge again. Just got another rate increase notice on my 2007 Dodge Ram CTD. Second one in 18 months. It’s only going to get worse. Oh, and I see progressive is sponsoring Monday Night football.
Not after this latest storm it won't. You want to bet that dollar..................My bill for four cars went down.....one dollar.
One bit of good news however, got my annual tax statement from the county, my property taxes went down $35.00 for tax year 2025.
Not after this latest storm it won't. You want to bet that dollar..................
Good advice. It's typical for businesses to shop every 3-years including insurance agents (if not in a captive or self-insured). I was in the industry for several years, on the commercial side, mostly work comp, underwriting and risk control. As well, on the insured side of the table with this. Major PIA; but if having a good claim history, usually worth it.seems like you have to do it every 3-5 years to keep them honest.
correcto Mundo , we are paying the NFL for the privelidge of companies to advertise : we are the official ---- of the NFL !!Insurance companies on a money binge again. Just got another rate increase notice on my 2007 Dodge Ram CTD. Second one in 18 months. It’s only going to get worse. Oh, and I see progressive is sponsoring Monday Night football.
I once saw a news story about the hardship this woman was going through. She said with a straight face, I've got bills and kids, do you think I can afford car insurance, I think not she said......Ok!!illegals drive all day with no insurance.......... so we pay the difference........ fake news, I know
Actually, no, at least on the first part of the statement.Insurance companies on a money binge again. Just got another rate increase notice on my 2007 Dodge Ram CTD. Second one in 18 months. It’s only going to get worse. Oh, and I see progressive is sponsoring Monday Night football.
Well said!!Actually, no, at least on the first part of the statement.
Insurance rates are going up due to several factors, but as far as auto insurance goes, the increases may be rightly laid at the feet of one group - lawyers. [of course lawyers are aided and abetted by government - which is made up majoritively of lawyers...] Costs go up linearly with regulations and lawsuits.
Another factor is the preponderance of uninsured running around, not to mention exponential rise in complication of vehicles and attendant repair costs. Both are a governmental failing.
Insurers do NOT make money on auto insurance; any loss ratio of 110% or below on car insurance is considered a 'good' year. Auto insurance is a gateway into property insurance which usually makes a few percentage points in most non-coastal areas and then into Life Insurance which is where the big bux are.
Yes, progressive and the Big Farm should be avoided like the plague due solely to their extreme left bias and funding of anti -anything -thats - right causes as well as their stated anti , "Heritage American' shall we say, corporate policies.
Yes, one should shop rates every 2 or 3 years as many companies will give a slight discount for new policies. However...! It is more important to shop coverage - make sure you are comparing apples to apples and make sure you have everything covered that you want. As far as auto insurance goes, I would highly recommend having PLENTY of UM [ Un or Under insured motorists]; the 'people' driving around with no coverage also cause a majority of accidents and can ruin you in a nanosecond.
And yes, its only going to get worse as the economy implodes, costs go thru the ceiling and the ghetto lottery continues on. An industry publication recently noted that personal lines insurance premiums are expected to increase approximately 23% in the coming year - and that was forecast early THIS year. We're seeing it and next year will most likely be worse assuming things continue on somewhat 'normally' , and I use that term advisedly as there has not been any 'normal' progression in this society for many a moon...
[no, I am not an insurance agent - i just happen to be well acquainted with the industry and facts pertaining to it regrettably]