Auto Insurance hikes

[hollohas]

Ugh.

I got a 25% price hike on my auto insurance when my policy renewed this month with Geico. Zero negative activity. Zero changes in coverage. Same cars, same policy, new 25% higher price.

I've been EXTREMELY happy with Geico for many many years. They were amazingly easy to deal with when I had an accident many years ago and I've been a happy customer ever since. But this is BS. I called and they said the increase was because of increased medical costs, etc. That they needed to make sure they had enough money to cover the increased costs.

So I'm taking it in the ass on my medical insurance and now my auto insurance is raping me for the same reason. F Obama care. Seriously. If I could punch the ACA in the face I would. There isn't a day that goes by that doesn't cost me more than the last because of that shit.

Anyone else get a BS auto insurance hike like this?


PS - my umbrella policy went up 55% too. Un-freaking-believable.

[Holger Danske]

This happened to me years ago with State farm. I would say shop around, there is no need to pay more just to stay local to a company. I use an independent agent and have them shop the 20 or so companies they use every year so I get the best deal.

[Bailey Guns]

I have GEICO auto insurance. I renewed last month with no change in premium.

[beast556]

All insurances in CO are going up. Our home and auto had big increases this renewal. They have had to pay out big time from all the fires, floods and hail over the last few years.

[JohnTRourke]

hail, fires, floods (well no, insurance doesn't pay out on flood)

PLUS, they aren't making any money on their money. Used to be they made 5 to 10% on their money before it got paid out

now with interest rates at zero, they have to charge more to cover that.

health insurance OTOH isn't insurance and is just a total scam and fraud, top to bottom.

[EvilRhino]

Just switched to Geico in the last year from SF and it cut our auto in half. Several hundred less a month for homeowners and a few of my rentals. I think we are going up about $10/month for auto in this renewal which is less than 10% ish

[MrAK]

3 months ago USAA told me that the >70% increase to my policy was due to an increase in the population of the area I live in and an increase in medical costs. It didn't matter when I told them I live in a county of 500 people and that my policy has limits on medical payouts

[Great-Kazoo]

CO has one of the highest Ins Rates in the country, thanks to weather and drivers.

[Dave_L]

Colorado insurance rates suck. No company will insulate you from it. Some just put it off longer than others. Colorado is almost 20% uninsured now too...so that doesnt help. Also, impact speeds are higher because no one pays attention. Higher speeds, more damage, more medical, etc. Now hail storms AND uninsured drivers on top? Dont forget the repair costs on all these new cars with massive tech. Those accident prevention sensors, back up cameras, 15+ computers on board, etc dont help either. Now the influx of people..
Yeah its good to have more paying in but 20% wont pay in and lets say 8k people move here in May, pay one month premium, then have 30k hail claim...that puts insurance WAY behind on those scenarios. Its a big mess in Colorado.

[buckshotbarlow]

Native of Colorado, and this thread, along with a lot of other B.S. in Kolorado now makes me want to move to Wyoming. Family is the only thing holding me back...I work from home and can live anywhere in the country to do my job. My USAA went up also, and that's after dropping a 3rd vehicle also.