Huge Range in Insurance Premiums
Just looking for some thoughts..... I fulltime in a 2005 Mandalay 40E Coach. I've been with National General through Good Sam for a few years now, renewal is coming up so I started shopping. ...
Forum Discussion
They all use different algorithms to determine rates. They place different preference on variables as well.
Progressive for us was cheaper. $600 a year for full replacement (no ACV). I'm sure it will go up as the RV ages but it was half what GEICO offered. Why? Progressive places a high value on credit score, claim free and continuous insurance without interruption. If you tick all those boxes (790+) the rates drop a lot, where as some companies like GEICO are better for middle market folks but higher than ultra preferred with progressive.
This isn't universal, but a general rule of thumb at least in our state where we are insured. As an agent for 16 years you could see a few variables and know exactly where someone would fit for the best rate. There are little things like Comp claim or not being married or not having a degree that can disqualify you from a top tier rate. You would never know it when you call in but you'd be amazed at what they use to determine risk.
Progressive for us was cheaper. $600 a year for full replacement (no ACV). I'm sure it will go up as the RV ages but it was half what GEICO offered. Why? Progressive places a high value on credit score, claim free and continuous insurance without interruption. If you tick all those boxes (790+) the rates drop a lot, where as some companies like GEICO are better for middle market folks but higher than ultra preferred with progressive.
This isn't universal, but a general rule of thumb at least in our state where we are insured. As an agent for 16 years you could see a few variables and know exactly where someone would fit for the best rate. There are little things like Comp claim or not being married or not having a degree that can disqualify you from a top tier rate. You would never know it when you call in but you'd be amazed at what they use to determine risk.
