insurance rates

DupermanDave · 10-18-2009, 01:46 PM

Is anyone elses insurance rates going up for no reason? I've been with my current provider for about 2 years now and every 6 months the rate goes up and up. Is it because the truck is aging and becoming a collectors vehicle (heh, yeah, not mine.)?

I should also add that I have never been in an accident, never gotten a ticket (been pulled over twice for having a headlight out, but that was years ago.) Not a single incident on my record. But my rates keep going up.

I'm asking in this forum section because I'm looking for specific year ranges. Are older vehicles going to pay more for insurance?

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weaselman · 10-18-2009, 02:09 PM

i pay 54.00 a month for my 81 toyota pick up and my 86 4runner together, i am 20 year old male and have one speeding ticket on my record, granted i only have the bare minimum for california. and i have been paying the same amount, since i signed up, 3 years ago. (actually went down a few bucks recently)

i would call your insurance company and see what they have to say.

raydouble · 10-18-2009, 02:12 PM

Quote:

Originally Posted by DupermanDave

Is anyone elses insurance rates going up for no reason? I've been with my current provider for about 2 years now and every 6 months the rate goes up and up. Is it because the truck is aging and becoming a collectors vehicle (heh, yeah, not mine.)?

I should also add that I have never been in an accident, never gotten a ticket (been pulled over twice for having a headlight out, but that was years ago.) Not a single incident on my record. But my rates keep going up.

I'm asking in this forum section because I'm looking for specific year ranges. Are older vehicles going to pay more for insurance?

Typically you pay less, the less a vehicle is worth.

I'd call and talk to them and if they don't want to play, start shopping around.

DupermanDave · 10-18-2009, 02:23 PM

Quote:

Originally Posted by raydouble

Typically you pay less, the less a vehicle is worth.

I'd call and talk to them and if they don't want to play, start shopping around.

That's what I figured. Older vehicle = decrease in value. But I'm paying more. I actually started shopping around, so when my policy expires I'm going with a different company. I could be saving $30. (no, not with Geico, lol)

I figured something was up. I can get a quote for a new plan from my current provider and it's $15 cheaper than what I'm paying, so something fishy is going on. I've just been too lazy to cancel my policy and start a new one, again. I've already done it once to save money, but twice is too much. Might as well switch providers.

raydouble · 10-18-2009, 06:57 PM

Quote:

Originally Posted by DupermanDave

That's what I figured. Older vehicle = decrease in value. But I'm paying more. I actually started shopping around, so when my policy expires I'm going with a different company. I could be saving $30. (no, not with Geico, lol)

You know you don't have to wait for your policy to expire, right?

desertcamper67 · 10-18-2009, 07:18 PM

Absolutely, you are under no contract to continue using that company just because you started the policy on a certain date. Even if you paid for the whole year they will reimburse you. Pay attention to this refund if you have a small office broker as they have tried some shady things with me in the past.

My rates just went down at AAA for no reason but that they just lowered everybody's rates. Some more than others. It was a pleasant and unexpected suprise.

MaK92-4RnR · 10-19-2009, 09:53 AM

I'm 19 years old. my driving record is as is...

1 speeding ticket - 3 days after I got my license, 55 in a 45.
3 car accidents - Totaled Integra, Van T - boned me ( My fault, didn't yield )
Buick regal clipped my tire and caused damage to my fender ( 50/50 )
Backed into a honda civic, severe damage to the hood ( my fault )

I have state farm, full coverage. 100/300. and my insurance is $298 and some change a month in a 92 4runner.

jrohland · 10-19-2009, 10:15 AM

Duperman, you live in northern CO and the insurance industry knows there is a mini-iceage coming. They are anticipating the severe winters ahead. It could happen!

jrohland

83 · 10-19-2009, 11:33 AM

My rates have not gone up since I got the policy. I pay just over $40 a month for liability. Farmers Insurance.

4RunningColorado · 10-19-2009, 11:41 AM

Here is my issue. Never an accident...But I have gotten 3 speeding tickets in the past YEAR!!! I paid 464.00 for an entire YEAR I never pay montly either 6months of 12months one lump sum. I am very worried it WILL indeed be going up. I dont even drive fast they were all in 25mph trap zones I was going 32 in one 38 and 39 in the others. They are all 2points each totalling a whopping 6 outch well see how much my cheapest quote will be Collision only on an 894runner. I'm hopping under 550$ for the year... what do yall think?

Matt16 · 10-19-2009, 11:50 AM

To an insurance company, your truck is worth jack, so not a huge % of the premium is based on the cost of your vehicle. The other % is damage you're going to do to yourself, to others and property.

The reasons rates are going up is because either a) people are crashing more often b)the cost of settling claims has gone up etc

4RunningColorado · 10-19-2009, 12:34 PM

So I called around...

Collision for me for 1 year 520$!!!!!!!!

43.33 per month!!!

Not bad

X-AWDriver · 10-19-2009, 01:07 PM

I had such a bad driving record through the '90s and lost my license twice but I was over 25 and had 1 accident and the highest my insurance ever got for my '93 AWD/Turbo Eclipse was $190 full coverage and that was with 11 speeding tix from '93-'01;it was cheaper to speed back then since now I definelty couldn't afford it.

With my 4Runner I have two tickets in 3 years and I pay $70/month full coverage and a $250/250 deductible.

desertcamper67 · 10-20-2009, 01:43 AM

Quote:

Originally Posted by MaK92-4RnR

I'm 19 years old. my driving record is as is...

1 speeding ticket - 3 days after I got my license, 55 in a 45.
3 car accidents - Totaled Integra, Van T - boned me ( My fault, didn't yield )
Buick regal clipped my tire and caused damage to my fender ( 50/50 )
Backed into a honda civic, severe damage to the hood ( my fault )

I have state farm, full coverage. 100/300. and my insurance is $298 and some change a month in a 92 4runner.

Jeez, thats a lot of green! $300 a month to drive is way too much. How do you do it and still put gas in the tank?

**aviator** · 10-20-2009, 12:20 PM

INS. rates around here are slated to go up an average of 9.1% this year on top of a 6% increase they were allowed earlier this year... one company has permission to jack it's rates 15.1%. they say it is because of the increased costs of treatment for minor injuries such as strains/sprains. I say it's because people are getting more wussified... when I got rear ended I had a stiff back and neck for several weeks but I sucked it up and dealt with it... I did not go crying to a massage/physio therapist about my aches and pains... Most folks are just too soft these days...
I'm paying about 125.00/mo for almost full coverage. right now... thank god I may be moving soon to a cheaper area.

The Ruckus · 10-20-2009, 01:12 PM

It also may be a function of the area you live in. When I lived in central downtown Grand Rapids, I paid $40/month more for the same car, same insurance than I did after moving 12 miles southeast, just outside of the city limits (which is strange, because I was driving FARTHER to work, thereby exposing myself and the vehicle to a higher risk of incident). Has there been an upswing in vehicle-related criminal activity? Maybe a rash of vandalism or thefts? Other sorts of crime that might drive up the "dangerous area" factor? Or, perhaps the insurance agent/company has decided that they aren't interested in dealing with people who bring less than a certain $ amount of business, or want to go in a different direction entirely- drive up the costs to get people to go away, rather than just dropping the axe on the entire group of policy holders at once.

**aviator** · 10-20-2009, 01:20 PM

Around here it is an across the board no matter who increase... high risk people are just being refused renewal/coverage at all...

MaK92-4RnR · 10-20-2009, 01:23 PM

Quote:

Originally Posted by desertcamper67

Jeez, thats a lot of green! $300 a month to drive is way too much. How do you do it and still put gas in the tank?

I dont pay insurance, and I have a gas card. I pay for neither. :o

10-18-2009, 02:09 PM	#2 (permalink)
weaselman Registered User Join Date: Mar 2007 Location: Sac-Auburn Posts: 207	i pay 54.00 a month for my 81 toyota pick up and my 86 4runner together, i am 20 year old male and have one speeding ticket on my record, granted i only have the bare minimum for california. and i have been paying the same amount, since i signed up, 3 years ago. (actually went down a few bucks recently) i would call your insurance company and see what they have to say. __________________ 86 4Runner, 2" Body Lift

10-19-2009, 09:53 AM	#7 (permalink)
MaK92-4RnR Registered User Join Date: Mar 2008 Location: Roseville, California ( NOR CAL ) Posts: 324	I'm 19 years old. my driving record is as is... 1 speeding ticket - 3 days after I got my license, 55 in a 45. 3 car accidents - Totaled Integra, Van T - boned me ( My fault, didn't yield ) Buick regal clipped my tire and caused damage to my fender ( 50/50 ) Backed into a honda civic, severe damage to the hood ( my fault ) I have state farm, full coverage. 100/300. and my insurance is $298 and some change a month in a 92 4runner. __________________ 1992 Toyota 4runner SR5 4x4 3.0 V6 5 Speed - Completely stock with 136k Miles. Modifications: Exhaust: Doug thorley headers, magnaflow hi flow cat, borla turbo muffler, 2.25 piping with a 3" tip Stereo: Pioneer Premier Deck, 2 12" Subwoofers, Brand new speakers all around, 1 450w 4 channel amp, 1 1000w 2 channel amp. CB Radio: Cobra 19 DX IV 40-Channel Compact CB Radio

10-19-2009, 10:15 AM	#8 (permalink)
jrohland Registered User Join Date: Aug 2009 Location: Northern Virginia, USA Posts: 108	There's a cold wind coming Duperman, you live in northern CO and the insurance industry knows there is a mini-iceage coming. They are anticipating the severe winters ahead. It could happen! jrohland

10-19-2009, 11:33 AM	#9 (permalink)
83 Registered User Join Date: May 2008 Location: Montana Posts: 1,691	My rates have not gone up since I got the policy. I pay just over $40 a month for liability. Farmers Insurance. __________________ Zach '83 Shortbed 4x4 L52HD Rebuilt & Mostly Stock

10-19-2009, 11:41 AM	#10 (permalink)
4RunningColorado Registered User Join Date: Oct 2009 Location: Boulder, CO Posts: 32	Here is my issue. Never an accident...But I have gotten 3 speeding tickets in the past YEAR!!! I paid 464.00 for an entire YEAR I never pay montly either 6months of 12months one lump sum. I am very worried it WILL indeed be going up. I dont even drive fast they were all in 25mph trap zones I was going 32 in one 38 and 39 in the others. They are all 2points each totalling a whopping 6 outch well see how much my cheapest quote will be Collision only on an 894runner. I'm hopping under 550$ for the year... what do yall think? __________________ 89' American Racing rim with 31X10.5 BFG's AT K&N air filter...

10-19-2009, 12:34 PM	#12 (permalink)
4RunningColorado Registered User Join Date: Oct 2009 Location: Boulder, CO Posts: 32	Insurance So I called around... Collision for me for 1 year 520$!!!!!!!! 43.33 per month!!! Not bad __________________ 89' American Racing rim with 31X10.5 BFG's AT K&N air filter...

10-19-2009, 01:07 PM	#13 (permalink)
X-AWDriver Contributing Member Join Date: Sep 2003 Location: Littleton,CO Posts: 10,176	I had such a bad driving record through the '90s and lost my license twice but I was over 25 and had 1 accident and the highest my insurance ever got for my '93 AWD/Turbo Eclipse was $190 full coverage and that was with 11 speeding tix from '93-'01;it was cheaper to speed back then since now I definelty couldn't afford it. With my 4Runner I have two tickets in 3 years and I pay $70/month full coverage and a $250/250 deductible. __________________ '99 4Runner Highlander 4wd E-locker,rear diff and deckplate mod * 265/75/16 Nitto TerraGrapplers * Yakima Load Warrior rack * clear corners/signals * Tacoma skidplate * Silverstar lamps/fogs Alpine CDA-9831,Bazooka EL Series 250w amp,MTX 10" sub

10-20-2009, 12:20 PM	#15 (permalink)
aviator Super Moderator Staff Join Date: Mar 2003 Location: COTKU,Ontario,Canada Posts: 7,472	INS. rates around here are slated to go up an average of 9.1% this year on top of a 6% increase they were allowed earlier this year... one company has permission to jack it's rates 15.1%. they say it is because of the increased costs of treatment for minor injuries such as strains/sprains. I say it's because people are getting more wussified... when I got rear ended I had a stiff back and neck for several weeks but I sucked it up and dealt with it... I did not go crying to a massage/physio therapist about my aches and pains... Most folks are just too soft these days... I'm paying about 125.00/mo for almost full coverage. right now... thank god I may be moving soon to a cheaper area. __________________ Silver 1994 Hilux Xtra cab 4x4 3.0 K&N cone filter, ported MAF, advanced timing, oversize exhaust, free flow cat, "rumble" muffler custom covered SR5 seats, map lights, factory AC tv4184 style black interior conversion started mods to come... header, custom centre console, stereo upgrade tinted windows Founding member 1972TLC fan club - Get well soon Mary Toyota Hilux... Get in or Get out of the way.

10-20-2009, 01:12 PM	#16 (permalink)
The Ruckus Registered User Join Date: Apr 2009 Location: West Michigan Posts: 113	It also may be a function of the area you live in. When I lived in central downtown Grand Rapids, I paid $40/month more for the same car, same insurance than I did after moving 12 miles southeast, just outside of the city limits (which is strange, because I was driving FARTHER to work, thereby exposing myself and the vehicle to a higher risk of incident). Has there been an upswing in vehicle-related criminal activity? Maybe a rash of vandalism or thefts? Other sorts of crime that might drive up the "dangerous area" factor? Or, perhaps the insurance agent/company has decided that they aren't interested in dealing with people who bring less than a certain $ amount of business, or want to go in a different direction entirely- drive up the costs to get people to go away, rather than just dropping the axe on the entire group of policy holders at once. __________________ 2000 4Runner Ltd - 150k on body, 100k on motor ISR/Deckplate mods sans-running boards Stillen/magnaflow exhaust otherwise stock

10-20-2009, 01:20 PM	#17 (permalink)
aviator Super Moderator Staff Join Date: Mar 2003 Location: COTKU,Ontario,Canada Posts: 7,472	Around here it is an across the board no matter who increase... high risk people are just being refused renewal/coverage at all... __________________ Silver 1994 Hilux Xtra cab 4x4 3.0 K&N cone filter, ported MAF, advanced timing, oversize exhaust, free flow cat, "rumble" muffler custom covered SR5 seats, map lights, factory AC tv4184 style black interior conversion started mods to come... header, custom centre console, stereo upgrade tinted windows Founding member 1972TLC fan club - Get well soon Mary Toyota Hilux... Get in or Get out of the way.

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