Just got the paperwork for this year's insurance premiums and I was shocked. I live in a very small city, three year old house, 3 bedrooms 3-1/2 baths, second tier lake lot, one acre, 3500 sq foot house with attached two car garage. Last year's premium for $423K in coverage was $1061. This year it increased to $1613. Four automobiles, three are 20+ years old and one is ten years old. Last year's premiums for liability only was $1237 while this year it jumped to $1811. This is through Safeco.
Have you all seen similar increases in premiums? As you can see my expenditures for insurance went from $2300/year to $3424/year, a 33% increase. Plus my wife and I have credit scores of 800+. Should this be happening or is the insurance black hats just wanting to wring every dime out of me?
I'd be very appreciative if you could give me the names of insurers who are good with their coverage and cheaper with their premiums, thus I could go and ask for their quotes. Thanks.
I am 100% sure illegal aliens don’t insure the cars they drive, nor does our low income population. That is why WE pay for uninsured motorists! I have always said, in this day of computers you should have to prove you are insured or have an account set aside with sufficient money to cover accidents. When the insurance is cancelled or the bank account dips below the amount determined, your license plates and your driver’s license becomes null and void. Responsible citizens should not have to pay the price. You are in an accident or caught speeding and your driver’s license and plates are void, you get a double whammy. If you can’t pay, you will need to work it off. A percentage of your job income or welfare income goes to the part or parties involved until paid in full.