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Anyone else's insurance premiums increasing?

zach57x

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I currently have progressive and pay the full 6 months up front and since November my premium is up by 20%! Could this be due to high repair costs for the Maverick?
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ClemsonU88

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I currently have progressive and pay the full 6 months up front and since November my premium is up by 20%! Could this be due to high repair costs for the Maverick?
I suppose. But my premiums actually went down when I sold my 2019 Frontier and bought the 2022 Maverick.

Your insurance agent should be able to tell you why. I get an explanation from my agent (actually his assistant) every time my rates go up...but only because I e-mail and ask "Why?" :)
 

JBryant

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It depends on the insurance carrier. I just moved my Mavericks, Kia Niro Hybrid and Motor Home from Allstate to Farm Bureau - same identical coverage and saved $1,675 each 6 months.
 

bgn

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Significantly. My first 6 month premium in Dec 2021 was around $310. They're now asking $401...also Progressive.

Worst part is nothing is cheaper.
 

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PriusHater

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I had Progressive. First three months were slightly cheaper than my prior car, a 2006 Prius. Then the renewal came back with a 50% raise so I switched to Geico. Six months later, Geico skyrockets and I switched backed to Progressive. Overall, my rates are still pretty cheap but only switching carriers every six months is annoying.
 

Speed2000

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I wouldn't be surprised to see homeowners' insurance go WAY up if you have an EV or a hybrid that might catch fire in the garage.
 

Darnon

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I had Progressive. First three months were slightly cheaper than my prior car, a 2006 Prius. Then the renewal came back with a 50% raise so I switched to Geico. Six months later, Geico skyrockets and I switched backed to Progressive. Overall, my rates are still pretty cheap but only switching carriers every six months is annoying.
That's been sort of my experience, but usually on a more leisurely 3-ish year cycle. Got a pretty considerable drop in price switching to Geico after getting the Maverick. It's going back up 10.7% this next term, but then again one of the big factors is now less people are working from home and inflation of part costs not just specific to the Maverick.
 

Huchipapa

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I currently have progressive and pay the full 6 months up front and since November my premium is up by 20%! Could this be due to high repair costs for the Maverick?
Where are you located? In Texas our home and car insurances rates went up 50% due to losses from hurricanes and freezes. It’s ridiculous For those of us without claims in a long time…
 
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zach57x

zach57x

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I am in tampa. I called progressive and was given 2 reasonings as to why it went up, inflation in my area and I had a paperless discount or something that only applied to the first policy I had with them (when I got the maverick in October I switched from geico to progressive). I am younger but my record is spotless
 
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JASmith

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It depends on the insurance carrier. I just moved my Mavericks, Kia Niro Hybrid and Motor Home from Allstate to Farm Bureau - same identical coverage and saved $1,675 each 6 months.
Ditto, had to move from USAA to State Farm, huge price difference. Replacement value is a big thing though, not just parts cost. Our Mercedes is higher parts cost than the Nissan, but the Nissan being 5 years newer is more expensive to insure.

Mavericks are going UP rather than down in value, at least the hybrids, so not surprising that rates would go up because if you total it, they have to give you replacement value.
 

Radman73

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We use Progressive as they were hella cheap when it came time to add the kiddo's. Just quoted my EB Lariat and our premium will increase by a grand total of $4.79/6 months :LOL:. That's not even taking away a 2014 Subaru that a friend is buying.
 
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JASmith

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I wouldn't be surprised to see homeowners' insurance go WAY up if you have an EV or a hybrid that might catch fire in the garage.
Maybe a PHEV hybrid, but regular hybrids generally don't burn.
 

Radman73

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Maybe a PHEV hybrid, but regular hybrids generally don't burn.
My MIL lives with us and has a Tesla. Guess we like living on the wild side lol!
 
 




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