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Auto Insurance

We just found out our policy went up about $20. For no reason. We called and our guy said. Policies went up because they are loosing money. All policies are being raised because they are loosing money so every one is effected.   That is messed up.

 
louise2

Asked by louise2 at 2:57 PM on Mar. 14, 2013 in Politics & Current Events

Level 41 (128,492 Credits)
This question is closed.
Answers (15)
  • I had Progressive as my first company and it sucked and was super expensive. I've been with Geico for years and they have been great. I tried another company for a year because my husband convinced me to get a multiple policy discount but it really didn't compare to Geico, so I went back to Geico. Rates have barely gone up and it's usually only a few dollars for all these years. One of my past roommates also had Geico and his parked car got totaled by a sleeping driver and Geico made it so easy for him and basically gave him a check for a new car.
    hellokittykat

    Answer by hellokittykat at 12:51 AM on Mar. 15, 2013

  • Its life its called inflation. Happens to medical, life, auto, home owners. Everything. Even Childcare and school. It sucks but nothing we can do.
    LostSoul88

    Answer by LostSoul88 at 2:58 PM on Mar. 14, 2013

  • Sounds like it is time to find a new insurance company. They'll be losing a lot more customers/money with raising rates like that.
    anng.atlanta

    Answer by anng.atlanta at 3:02 PM on Mar. 14, 2013

  • Shop around.
    staciandababy

    Answer by staciandababy at 3:20 PM on Mar. 14, 2013

  • If everyone else is more then you are still getting a deal. Businesses exist to make a profit. If they don't make money, then they are probably losing money which means they will eventually go out of business. I would choose to pay an extra $20 and keep enjoying the lowest rates around.
    QuinnMae

    Answer by QuinnMae at 11:17 AM on Mar. 15, 2013

  • Yes, ours went up about $130 for 6 months.
    JulieJacobKyle

    Answer by JulieJacobKyle at 3:23 PM on Mar. 14, 2013

  • We have shopped around before. We have been with this company for so long, no one else can beat their prices. Even though they seem expensive. Every one else is even more then them.

    louise2

    Comment by louise2 (original poster) at 3:53 PM on Mar. 14, 2013

  • How is it messed up? They're a business. If they're losing money, they're going to want to increase their profits, and as an insurance company, the only way to do that is to raise rates.

    Shop around for a better rate. I have GEICO and have never been unhappy with what I pay.
    wendythewriter

    Answer by wendythewriter at 5:49 PM on Mar. 14, 2013

  • I have had Geico for years. I will see in May if the rates go up too much.
    virginiamama71

    Answer by virginiamama71 at 6:09 PM on Mar. 14, 2013

  • Normal
    Dardenella

    Answer by Dardenella at 12:24 AM on Mar. 15, 2013

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