Insurance - Increase Every Year About $100

[oldcarfun]

Is it reasonable to expect a $100 increase in insurance every year? That is normal for us. Last year it went down about $100 because we researched and devalued our 2009 coach so we saved $100. But previously our records show close to a $100 increase every year since 2016.
2016 - up $30
2017 - up $107
2018 - up $120
2019 - up. I can't remember the amount before we devalued our coach.
2020 - up $185

I just got this year's bill and it has gone up $185. We have Progressive and one $520 fender bender claim in 2017. I will call our insurance broker tomorrow.

[oldcarfun]

Chuckbear, We all know because we've all been there. Thanks

[chuckbear]

KPetrick wrote:
Oldcarfun,

Give us a call at Good Sam Insurance Agency. We can shop it for you with National General, Safeco, Foremost and Progressive. All have excellent RV programs with the coverage's that RV'ers need.

Keith - Director of Good Sam Insurance Agency

If you ask them for a quote you will be spammed to death and receive hundreds of unwanted spam phone calls. I am speaking from experiences. I hope everyone sees this before they remove it. Chuck

[AstroRig57]

Cobra21 wrote:
My Progressive rates have remained approximatly the same on our Class C for 10 years. Something doesn't seem right. We buy our autos and RV insurance on line.
Brian

Exactly. Same with our Class-A (and it was the same with our prior Class-C) also with Progressive. With good driving records and no claims on the RV rates have remained approximately the same, with a slight annual rate decrease, commensurate with the depreciation of the vehicle. It's the same with our passenger vehicles which are insured through State Farm..

Rates are broken down by area of coverage, as in comprehensive, collision, medical expenses.... Which area of coverage keeps increasing or it across the board?

[oldcarfun]

Olfarmer, make sure you agree with the value the insurance company has placed on your MH. If it is totaled in an accident, how much will they pay you?

[olfarmer]

Our MH is an older 2001 but it has full coverage and our rate has never gone up, in fact it is the cheapest vehicle we have insured. 2017 Lincoln MKC, 2011 Chevy Avalanche, and a 1999 Jeep Grand Cherokee LTD. All full coverage except the Jeep.

[Blaster_Man]

Executive wrote:

KPetrick wrote:
Oldcarfun,

Give us a call at Good Sam Insurance Agency. We can shop it for you with National General, Safeco, Foremost and Progressive. All have excellent RV programs with the coverage's that RV'ers need.

Keith - Director of Good Sam Insurance Agency

FOR THE RECORD... Good Sam Insurance quote was over $2000 per year more than my current carrier for the identical coverage. Good Sam is way overpriced.....Dennis

You have to keep checking around every few years. I was with GS about six years ago, they raised the rates, I moved. Last June I checked with them, and they got a policy for me that was $1000 lower than I was paying with a different company.

[Executive45]

KPetrick wrote:
Oldcarfun,

Give us a call at Good Sam Insurance Agency. We can shop it for you with National General, Safeco, Foremost and Progressive. All have excellent RV programs with the coverage's that RV'ers need.

Keith - Director of Good Sam Insurance Agency

FOR THE RECORD... Good Sam Insurance quote was over $2000 per year more than my current carrier for the identical coverage. Good Sam is way overpriced.....Dennis

[Executive45]

KPetrick wrote:
Oldcarfun,

Give us a call at Good Sam Insurance Agency. We can shop it for you with National General, Safeco, Foremost and Progressive. All have excellent RV programs with the coverage's that RV'ers need.

Keith - Director of Good Sam Insurance Agency

And someone said Good Sam doesn't read these posts...:W..:B....Dennis

[wa8yxm]

Part of the cost is the sales agent's commission and they can set a higher price so as to get a higher comission in some places I suspect.

Another thing is not many companies actually INSURE. most are re-sellers so let's say you buy from Big name INsurance Company #1 and they sell the policy to "re-insurer #1

Somebody else buys from BNC2 and they too sell to RIC 1

Someone else buys from BNC3 and they too sell to RIC1

Someone else buys from BNC 4 and they carry their own paper

Something major happens (Think 9-11-2001) and RIC one gets hit big time.

BNC4 has a 2000 dollar claim,, Just one.

As you can guess BNCs 1-3 are gonna be raising their rates.

Source: an Agent for BNC#4 (BNC is big name company of course and no I won't name the firm)

[doxiemom11]

Credit score also affects insurance premiums. Have you paid things off so that you don't have multiple active accounts. If so, your score could have gone down.

[KPetrick]

Oldcarfun,

Give us a call at Good Sam Insurance Agency. We can shop it for you with National General, Safeco, Foremost and Progressive. All have excellent RV programs with the coverage's that RV'ers need.

Keith - Director of Good Sam Insurance Agency

[crawford]

This really depends on the state you live in I moved from CT to east Tenn got a check for 600.00 thinking they canceled my insurance. I called them they said no it was because I move to another state without a lot of claims. So if you live with money you pay a lot of money I guess my rue area next house a couple of miles down the road.

[oldcarfun]

I called my agency. They called Progressive and said it was a general rate increase. I will shop around in about 2 weeks because the notice was early and I can't shop around unless it's within 30 days for renewal. I will come back and let you know. I was hoping to avoid shopping every year.

Regarding the $520 claim, a few years ago we were in a campground out of state. I clipped a tow car, scratched. The couple was there for work and the car was gone every day but I made it clear to the wife that we would like to pay cash. They weren't interested in talking, didn't have any idea of how much it would cost to fix it. I offered a few hundred. They didn't respond and we had to leave a few days later. 9-10 months later they submitted a claim for $520.

[Lwiddis]

“The "insurance" is that the CEO will always receive an ever increasing bonus every year.”

Generalizations about the insurance industry are always in error.