Insurance Rate Has Never Dropped

Red__Zed · 03-27-2013, 01:07 PM

Quote:

Originally Posted by Cmike2780

I was paying that amount with Allstate before switching to Geico. Now I pay about $780/6 months. Same coverage.

yes, but now you have geico.

hadokenuh · 03-27-2013, 12:09 PM

I think the best way to lower your insurance is to switch to a different company, even to your previous company. Try to get some quotes and see if they are cheaper.

I usually only stay with an insurance company for about 1-2 years.

122554 · 03-27-2013, 12:36 PM

State Farm was going nowhere but up, even with a clean record and no accidents or claims. Switched to Nationwide and it dropped 50%. Now at $72 a month.

ShutokuZ · 03-27-2013, 12:42 PM

I pay $1,375 per 6 months, for 3 cars in LA all at 100/300/100. The Z itself is $558 per 6 months.

bbowers825 · 03-27-2013, 12:48 PM

There are insurance agencies (Agency's?) that shop for you.

The place I get my insurance through is called Consilidated Insurance Agency. They shop for me once a year, if they find a better rate, they verify that I want the better rate, and do everything for me.

Might be worth looking into....

kenchan · 03-27-2013, 01:10 PM

my rate went down about $150 per 6months since taking ownership.

UNKNOWN_370 · 03-27-2013, 01:46 PM

I got my first price drop since the accident. I was paying $260 a month full coverage for both Nissan Altima and Z. now i'm paying $234. Thats an annual savings of $300. I'll take it.

JungleZ · 03-27-2013, 02:37 PM

I pay like 70 a month with mercury ftw

scottIN · 03-27-2013, 05:24 PM

Just on a general insurance thing:
One of my tenants is an insurance agent so I asked him ' How do all these companies show that someone saved $400 or $500 / yr. by switching to them? And is that legit?'

Three reasons:

1) a ticket or accident has 'fallen off' since you got coverage with your original company. The original company most likely won't tell you this and keep you at the higher rate.

2) you're older. If you got your original policy at 18 and are now looking at a new one at 25, those savings are entirely possible.

3) they're changing up your coverage. Certain deductible / coverage combinations have a lower rate associated with them. It may look very similar or at least close, but the insurance companies have it all figured out on how likely you are to file a claim or what their possible liability could be and can steer you into those categories.

He said most of the time it's due to lower liability. They say, 'Hey, you really don't need $300,000 per occurrence, let's drop that to $100,000.' And POOF! your rate drops significantly. But so does your coverage.

03-27-2013, 12:36 PM	#3 (permalink)
122554 Track Member Join Date: Jan 2013 Location: My own world Posts: 506 Drives: 2010 Nismo Rep Power: 14	State Farm was going nowhere but up, even with a clean record and no accidents or claims. Switched to Nationwide and it dropped 50%. Now at $72 a month. __________________ I don't normally drink beer, but when I do....i drink a lot!

03-27-2013, 12:48 PM	#5 (permalink)
bbowers825 Base Member Join Date: Feb 2013 Location: Maryland Posts: 90 Drives: 370Z Catfish Edition Rep Power: 13	There are insurance agencies (Agency's?) that shop for you. The place I get my insurance through is called Consilidated Insurance Agency. They shop for me once a year, if they find a better rate, they verify that I want the better rate, and do everything for me. Might be worth looking into.... Last edited by bbowers825; 03-27-2013 at 12:53 PM.

03-27-2013, 01:46 PM	#7 (permalink)
UNKNOWN_370 A True Z Fanatic Join Date: Jul 2009 Location: ny'r livn in tx Posts: 8,687 Drives: well over 130m.p.h. Rep Power: 14858	I got my first price drop since the accident. I was paying $260 a month full coverage for both Nissan Altima and Z. now i'm paying $234. Thats an annual savings of $300. I'll take it. __________________ Favorite Quote. "I'm not gonna kill you... I'm just gonna Bash Your Face In" Jack Nicholson-"The Shining". 1980

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03-27-2013, 12:09 PM	#2 (permalink)
hadokenuh Base Member Join Date: Mar 2012 Location: Houston Posts: 186 Drives: 09 370Z 6MT Rep Power: 14	I think the best way to lower your insurance is to switch to a different company, even to your previous company. Try to get some quotes and see if they are cheaper. I usually only stay with an insurance company for about 1-2 years.

03-27-2013, 12:42 PM	#4 (permalink)
ShutokuZ Track Member Join Date: Oct 2012 Location: Honolulu Posts: 512 Drives: 2013 PW 6MT Sport Rep Power: 14	I pay $1,375 per 6 months, for 3 cars in LA all at 100/300/100. The Z itself is $558 per 6 months.

03-27-2013, 01:10 PM	#6 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141521	my rate went down about $150 per 6months since taking ownership.

03-27-2013, 02:37 PM	#8 (permalink)
JungleZ Banned Join Date: Aug 2012 Location: orange county,ca Posts: 652 Drives: leased base z... Rep Power: 0	I pay like 70 a month with mercury ftw

03-27-2013, 05:24 PM	#9 (permalink)
scottIN Track Member Join Date: Aug 2011 Location: New Castle, Indiana Posts: 764 Drives: '12 370Z Rep Power: 55	Just on a general insurance thing: One of my tenants is an insurance agent so I asked him ' How do all these companies show that someone saved $400 or $500 / yr. by switching to them? And is that legit?' Three reasons: 1) a ticket or accident has 'fallen off' since you got coverage with your original company. The original company most likely won't tell you this and keep you at the higher rate. 2) you're older. If you got your original policy at 18 and are now looking at a new one at 25, those savings are entirely possible. 3) they're changing up your coverage. Certain deductible / coverage combinations have a lower rate associated with them. It may look very similar or at least close, but the insurance companies have it all figured out on how likely you are to file a claim or what their possible liability could be and can steer you into those categories. He said most of the time it's due to lower liability. They say, 'Hey, you really don't need $300,000 per occurrence, let's drop that to $100,000.' And POOF! your rate drops significantly. But so does your coverage.