RickMachE
Well-Known Member
- Joined
- Jul 1, 2021
- Threads
- 204
- Messages
- 13,360
- Reaction score
- 18,242
- Location
- SE MI
- Vehicles
- 2022 Mach-E Premium 4X, 2022 Lightning Lariat
Besides the fact that you can't compare insurance costs across geographies, people, credit ratings, etc., the insurance industry has been dramatically raising costs the past few years. Mine went to 6 month auto policies to raise them more often...
The cost of all insurance is climbing rapidly. Between auto, home, and liability, I'm closer to $10k a year than $5k a year, and I don't live in CA or FL or TX.
My insurance company tried to tell me that after a big valuation increase last year, my house was going up again over 10% (what the house is valued for, which then leads to higher premiums). Last year I complained, and they said they had a new valuation model, but if it led to even a higher number, it would be used. So I didn't do it. This year I rolled the dice. Ended up 3% below last year's number, and over a 10% reduction in the coming year's proposed cost.
The cost of all insurance is climbing rapidly. Between auto, home, and liability, I'm closer to $10k a year than $5k a year, and I don't live in CA or FL or TX.
My insurance company tried to tell me that after a big valuation increase last year, my house was going up again over 10% (what the house is valued for, which then leads to higher premiums). Last year I complained, and they said they had a new valuation model, but if it led to even a higher number, it would be used. So I didn't do it. This year I rolled the dice. Ended up 3% below last year's number, and over a 10% reduction in the coming year's proposed cost.
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