Progressive lowered rate $600 for year
Called them today almost too good to be true but it was true Funny though they could not give me a reason for this 28% drop as no change in coverage
Forum Discussion
I'll get my renewal notice in a few weeks so hopefully mine went down too. It went down a lot last year, but I changed coverage. What I discovered was that if you buy a new motorhome and insure it with Progressive they have that 5 year rule where if it gets totaled in the first five years they will pay to replace it with a brand new similar unit. Okay, I knew about that, but what I didn't know is that after that five years passes, then your insurance coverage limit for a total loss becomes your original purchase price of the motorhome. So if you paid $170k for your motorhome and 10 years later it catches fire and burns to the ground, Progressive is going to give you $170k toward the purchase of a new motorhome. Now that may sound like a great deal, and it is, but it's also super expensive. So I called progressive last year and had my coverage dropped to a set figure that would cover the pay off in the event of a total loss. It will stay at that set number unless I drop it again later. But my premium went down by about $500 last year.
