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  #1  
Old 02-02-2003, 09:37 PM
Benzman500
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Insurance rates WAY WAY UP!

Well saturday we got our insurance rates for next year. OMG My insurance went upto 3400 a year from 2500. Leaving me with the question what happen? my points are not on my liesence and even my aunt and uncles rates went up. Anyone have any ideas on how to get the rates back down. I'm going to start shopping in April when the BMW is in my name.
I find it amazing everyone in my family got hit with a big increase. My insurance is going to be 3400 with no points or accidents when my dad pays 900 a year with multipule suspensions, big tickets and a few accidents. is'nt this picture backwards

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Old 02-02-2003, 10:41 PM
Benzman500
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I actually looked at the rates with my unlce and it's for 6 months not a year like my aunt said. The 4 cars we have came up to be 6000. 3400 of which is my car. We looked around online and found it for about 4000 for the cars and again 2200 of that is me
I think it might be that we have been with hartford for a year now and they are just trying to raise the rates in the hope we stay with them
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Old 02-03-2003, 12:40 AM
Piotr's Avatar
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ALL insurance rates went up ( mine 26%). It has to do with 9/11 and stock market. Apparently, insurance companies were investing our premiums in stocks to offset the costs. Because the market bottomed out, they have to make more $$$ somewhere. Thus the insurance premiums increases. We actually had to stop using a lot of contractors who could not afford insurance increases (about $40,000 for an average drilling company).
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Old 02-03-2003, 07:09 AM
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And I thought $308/year for the liability (that is all I carry) on the W123 car was high - wow.

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