Car insurance rates going up

Post by **gnalan** » 13 Jul 2022, 19:03

My car insurance renewal for six months is now $100 higher than what it's been. Nothing has changed on the policy, and no accidents. Has anyone else noticed an increase with their car insurance policy?

Post by **matthew1** » 14 Jul 2022, 09:09

Insurance companies...

Post by **gnalan** » 15 Jul 2022, 18:20

Liability on my 2001 S60 is $575 for 6 months now. The last 6 months was $474. Same company, same policy, same coverage, same everything. Inflation is making everything go up except the amount of money coming in each month.

Post by **abscate** » 16 Jul 2022, 06:11

That’s a grab. Insurance payouts won’t be inflation driven and overhead costs are 10% ish for a well run company

Tell them you are shopping

Post by **June** » 16 Jul 2022, 15:37

My renewal this March for Jacksonville, Florida full coverage for six months would have been $3,700 from $1,200. Luckily I had moved to Arkansas! So my renewal became $500 for six months with better coverage! Now that I added the 740 to my existing S80 coverage my bill for the remaining three months netted $1 increase. June

Post by **gnalan** » 16 Jul 2022, 15:43

$3700 for 6 months? That's crazy!

Why have full coverage on an old vehicle? I've never understood that.

Post by **June** » 16 Jul 2022, 17:20

gnalan wrote: ↑16 Jul 2022, 15:43 $3700 for 6 months? That's crazy!

Why have full coverage on an old vehicle? I've never understood that.

Because of the service loaners provided by Volvo requires full coverage. June

Post by **gnalan** » 16 Jul 2022, 19:45

Service loaners?

Post by **June** » 16 Jul 2022, 21:21

gnalan wrote: ↑16 Jul 2022, 19:45 Service loaners?

When my Volvo needs repair, my Volvo dealer provides a new Volvo service loaner for me to drive. This last time I had their loaner for 6 1/2 months. While in my care my insurance covers it. I had a 2021 XC60T6 nicely equipped for 4 months, than a 2022 XC60B5. Neither had a sticker price below $50K. Therefore good full coverage is a must. June