Jag not insurable???
#21
…. the money has to come from somewhere.
I wonder how many insurance claims are legitimate. And wonder why its become common place to claim everything under the sun with the insurance company. As long as these themes of “stick it to the insurance company” prevail, rates have no where to go but up, as will the responses of not wanting to take on the liability/responsibility.
For example, I wanted a replacement oem windscreen, not the authorized replacement. That comes out of my pocket.
I wonder how many insurance claims are legitimate. And wonder why its become common place to claim everything under the sun with the insurance company. As long as these themes of “stick it to the insurance company” prevail, rates have no where to go but up, as will the responses of not wanting to take on the liability/responsibility.
For example, I wanted a replacement oem windscreen, not the authorized replacement. That comes out of my pocket.
#22
Wait for your next renewal premium letter. Make sure that you're sitting down before you open it.
https://www.forbes.com/advisor/car-i...ce-costs-rise/
https://www.forbes.com/advisor/car-i...ce-costs-rise/
…. the money has to come from somewhere.
And wonder why its become common place to claim everything under the sun with the insurance company. As long as these themes of “stick it to the insurance company” prevail, rates have no where to go but up, as will the responses of not wanting to take on the liability/responsibility.
And wonder why its become common place to claim everything under the sun with the insurance company. As long as these themes of “stick it to the insurance company” prevail, rates have no where to go but up, as will the responses of not wanting to take on the liability/responsibility.
"Think about how stupid the average person is. Then realize half of people are stupider than that" -- George Carlin
#23
Actually, no. It's not bad at all, everything considered (like the mess it was from 2019-2020 with covid and all) and getting better since then. Unless you watch *** nooz, of course. They have a penchant for overwhelming dishonesty. This is getting too close to politics for this site though.
Last edited by Cee Jay; 02-15-2024 at 10:50 AM.
#24
Wait for your next renewal premium letter. Make sure that you're sitting down before you open it.
https://www.forbes.com/advisor/car-i...ce-costs-rise/
https://www.forbes.com/advisor/car-i...ce-costs-rise/
Actually, no. It's not bad at all, everything considered (like the mess it was from 2019-2020 with covid and all) and getting better since then. Unless you watch *** nooz, of course. They have a penchant for overwhelming dishonesty. This is getting too close to politics for this site though.
#25
Wait for your next renewal premium letter. Make sure that you're sitting down before you open it.
https://www.forbes.com/advisor/car-i...ce-costs-rise/
https://www.forbes.com/advisor/car-i...ce-costs-rise/
#26
I tend not to make sweeping generalizations. And I wasn't attempting to do so. What I was saying is that it's not necessarily the case across the board. I don't carry full coverage, all drivers in the house have excellent credit and driving records. Just received my premium renewal Friday it was $24 more for the year. So I guess I concede you are right as they did go up. Though I wouldn't necessarily call this something to fret about. Again that's my own individual singular personal experience. I can imagine someone carrying full coverage with a $500 deductible and half a million liability probably are more of the issue and are going to experience more of the rising cost than anybody else, especially those that use the super high overhead big guys like State Farm, Nationwide, allstate, travelers etc.
Last edited by tergitkerd; 02-26-2024 at 01:25 PM.
#27
@tergitkerd , there's a reason why your insurance premiums didn't skyrocket.
That's because Erie does business only in 12 states— Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin—and the District of Columbia. Erie didn't suffer casualty losses to the same extent as the big companies that do business in all 50 states. 2023 was a bad year for losses caused by forest fires, floods, hurricanes, tropical cyclones, and other weather events that hit states bordering the East Coast, Gulf of Mexico, West Coast, and Hawaii. Erie's exposure to those events was limited.
LImits of liability and high deductibles make a big difference in premiums.
Erie Insurance Fact Sheet
That's because Erie does business only in 12 states— Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin—and the District of Columbia. Erie didn't suffer casualty losses to the same extent as the big companies that do business in all 50 states. 2023 was a bad year for losses caused by forest fires, floods, hurricanes, tropical cyclones, and other weather events that hit states bordering the East Coast, Gulf of Mexico, West Coast, and Hawaii. Erie's exposure to those events was limited.
LImits of liability and high deductibles make a big difference in premiums.
Erie Insurance Fact Sheet
#28
YMMV
I tend not to make sweeping generalizations. And I wasn't attempting to do so. What I was saying is that it's not necessarily the case across the board. I don't carry full coverage, all drivers in the house have excellent credit and driving records. Just received my premium renewal Friday it was $24 more for the year. So I guess I concede you are right as they did go up. Though I wouldn't necessarily call this something to fret about. Again that's my own individual singular personal experience. I can imagine someone carrying full coverage with a $500 deductible and half a million liability probably are more of the issue and are going to experience more of the rising cost than anybody else, especially those that use the super high overhead big guys like State Farm, Nationwide, allstate, travelers etc.
I find that people who expect and look for only bad news can easily find it. Bad news and fear are what advertisers thrive on. Also, since the Wall Street Journal is owned by Rupert Murdoch, I never expect a lot of positivity coming out. I read it, but compare other sources and opinions. They seem to be able to dig up every doom and gloomer out of the woodwork whether the market is booming or not. Much of the "bleeding" can be attributed to all the natural disasters. I will agree with Stuart S on one point. It's hard to change anyone's mind. I hope he's including himself in that statement, right?
Cheers!
#29
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tergitkerd (02-26-2024)
#30
DJ, whether I agree with you that it's hard to change my mind depends on what the meaning of the word "hard" is. According to this expert ...
https://youtu.be/j4XT-l-_3y0?feature=shared
https://youtu.be/j4XT-l-_3y0?feature=shared
Honestly, more than one thing can be true at a time. My entire point was simply this. Hey, I have Erie for a while now. They have been great. Really affordable and top-notch claims and customer service, give them a shot if they cover your area, at least with a quote. That is it really. Wasn't making any other claims beyond that really.
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Stuart S (02-26-2024)
#32
Yeah, my 2 boys have been out of the house for 9 years now so I had a lull, but my 16 year old daughter will be driving soon though she is in no hurry. But when she does, well, then I won't be singing the same tune. One thing about Erie I don't like is that you have to insure the teen for every car in the house and not just specifically their car. From their point of view, I guess I get it but still.
#33
I just got a bit of a shock. I'm looking at buying an XKR so I called my insurance (Hartford through AARP) and they told me they don't insure them or the F Type.) (they don't seem to have a problem with my S2000 or with the Z06 I had insured with them before I sold it) Has anyone else encountered this. What companies are you using successfully? I will have to set up a separate policy from the 4 cars I have insured currently with Hartford. I also have a car insured through Hagerty, but the Jag is too new to qualify. Cheers!
Last edited by Barry Leftwich; 02-27-2024 at 03:47 AM.
#34
#35
In the USA, car insurance rates vary by state. The average cost for car insurance increased by 20.3% from December 2022 to December 2023, according to data from the U.S. Bureau of Labor Statistics.
Where does your state stack up? See this article published today by consumer advocate Clark Howard:
The Most and Least Expensive Car Insurance Rates By State
This is likely to cause disagreement, and I look forward to your entertaining comments!
Where does your state stack up? See this article published today by consumer advocate Clark Howard:
The Most and Least Expensive Car Insurance Rates By State
This is likely to cause disagreement, and I look forward to your entertaining comments!
#36
The economy is in shambles and getting worse in the US for everyone except the ruling class and wealthy? You don't say! The article alludes to the fact it will be all insurance customers feeling this sting. Also, is $1,668 really an "average!"? I haven't paid close to that, like nowhere close to that (meaning, I have and continue to pay far less). That is crazy.
It is this exactly that causes not only auto insurance to go up, but ALL insurance to go up. People are using insurance as a financial tool instead of a hedge against bankruptcy. Unfortunately, we are now stuck in it. What i mean is that insurance has always supposed to have been insuring against bankruptcy, not to pay $500 deductible to replace a $700 window...which people do ALLLL the time (Hey, I save $200 bucks, right? Yeah, wrong). I don't lease nor finance vehicles anymore, but when I did, I'd have the highest deductible allowed by the lienholder. Then, I could sock that away in an interest bearing account and earn money on it while not using it, as well as the saved money on premiums. This is not rocket science, but there is so much money to be made and is easily achieved by the sheer lack of financial ignorance of honestly the middle of the bell curve. Anyway, you are absolutely right in your assertion here. Insurance is not used appropriately anymore and those of us with even a modicum of financial sensibility end up paying the price.
"Think about how stupid the average person is. Then realize half of people are stupider than that" -- George Carlin
It is this exactly that causes not only auto insurance to go up, but ALL insurance to go up. People are using insurance as a financial tool instead of a hedge against bankruptcy. Unfortunately, we are now stuck in it. What i mean is that insurance has always supposed to have been insuring against bankruptcy, not to pay $500 deductible to replace a $700 window...which people do ALLLL the time (Hey, I save $200 bucks, right? Yeah, wrong). I don't lease nor finance vehicles anymore, but when I did, I'd have the highest deductible allowed by the lienholder. Then, I could sock that away in an interest bearing account and earn money on it while not using it, as well as the saved money on premiums. This is not rocket science, but there is so much money to be made and is easily achieved by the sheer lack of financial ignorance of honestly the middle of the bell curve. Anyway, you are absolutely right in your assertion here. Insurance is not used appropriately anymore and those of us with even a modicum of financial sensibility end up paying the price.
"Think about how stupid the average person is. Then realize half of people are stupider than that" -- George Carlin
#37
Hard to tell but it looks like in that picture the UK prices are the ones really jumping which tracks with the constant insurance talk on the facebook car groups which for some reason are about 90% British. Range Rover especially
#38
In the USA, car insurance rates vary by state. The average cost for car insurance increased by 20.3% from December 2022 to December 2023, according to data from the U.S. Bureau of Labor Statistics.
Where does your state stack up? See this article published today by consumer advocate Clark Howard:
The Most and Least Expensive Car Insurance Rates By State
This is likely to cause disagreement, and I look forward to your entertaining comments!
Where does your state stack up? See this article published today by consumer advocate Clark Howard:
The Most and Least Expensive Car Insurance Rates By State
This is likely to cause disagreement, and I look forward to your entertaining comments!
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jagxkrtoofast
XK8 / XKR ( X100 )
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06-30-2010 08:53 AM
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