Insurance premium up 40%

Who is the carrier?

 

Yes, but Facts Of Life.

Remember way back, Way back, when Facts Of Life were believed to be sexy? Haha, long gone...

 

Currently I have Travelers. I've been with them since I bought my truck (almost 2yrs ago), before them, I had Geico for 8yrs, then USAA for a number of years. My rates actually went DOWN when I got my Tacoma. I previously had Hyundai Sonatas. I had a 2016 (prior car to this truck), and a 2011.

My brother in law is my Insurance agent and he told me that because of all the safety features on my new truck, it made the rates go down. My credit score also improved over the last 2yrs, so now I'm in the 800+ range. Believe it or not that matters a lot to most carriers.

Oh, I do not have very high coverage limits. Most of the guys in this thread mentioned they have 250/500 (,000) Not me! My limits are listed below. Flame me if you want for setting my deductible at $2500, but I'm a very cautious driver with no at-fault accidents in almost 10yrs.

 

https://www.youtube.com/watch?v=XZ6_owxNg_Y

 

I suppose that's the "Fraud and litigation" part. But yeah that makes sense. Never heard so many law firm advertisements as I have until I moved here.

 

Careful. They're called "accidents" for a reason. Your property damage coverage isn't enough for a nearly new car nowadays if you somehow total someone else's vehicle. And that's figuring only one damaged vehicle into the equation. Add another vehicle and lightpole and you're easily over your limit. I am also a cautious driver with 0 accidents in my 14 years of driving.

 

Property damage coverage usually does not cover damage to your car, it only covers the damage done to a property. Collision coverage is for any damage done to my truck.

Example: I swerve off the road and hit a light pole. Property damage pays for the pole, up to $25k. Collision coverage pays to repair my truck; minus my high-as-fuck deductible.

 

I'm in new Orleans, my full coverage on my 2005 went from $900/year to $1850/year...

 

I have been with USAA for about 15 years now. They are a little cheaper than other companies, but not by much. And of course their membership is restricted to Military/Veterans/family members.

In California, I was paying about $105 - $110/month for full coverage on my 2017 Tacoma. I expected it would be a lot cheaper when we moved to southeastern Kentucky in August of this year. It's actually exactly the same as CA rates. I expressed shock when the agent gave me the quote, but she said "In KY, the State sets the vehicle insurance rates/premiums, we as the insurance provider have no say in it." The quotes I got from other carriers were very similar, though slightly higher.

Oh, and I have a $1000 deductible.

 

Omg, time to shop around.

 

Probably not fraud as much as litigation. It is so bad that they don't even worry about fraud because it is ridiculously legal. Newlin has taken it to a new level with their ads. They show smiling people holding big checks with tag lines like "Dan got me $1,000,000". Ads like this are all over billboards and on TV.

 

I'm talking about ANOTHER person's car, my dude. That's what property damage liability is. Collision is for your own car. Property liability is for someone else's.

 

I get it and agree with you. I have it set low because I haven't cause damage to anyone's property in a decade. If I raised the limits, I wouldn't benefit from it.

 

damn. I pay $3000 a year, for 300k coverage in Ca with USAA for

1986 samurai 4wd
1993 Toyota truck 4wd
2002 s2000(convertible sports car)
2006 corolla
2019 Tundra 4wd with cabover camper
2023 4runner 4wd

thats 2 covertibles, one with a tip over hazard and one with a rice boy hooligan problem.

 

I shop other insurance companies every year when my home owners expiries. When all said, and done geico has saved me quite a bit over the last 3 years. I've had others give me quote's a bit less in one area, but much higher in another when i bundled everything together.

 

Here's a great idea: You do you, and I'll do me.

Stay in your lane. I'm not on this thread telling you how to insure a truck you pay for, don't tell me how to insure a truck I own.