California Insurance Rate Hike

edk370 · 10-02-2014, 10:49 PM

Ok people, people chime in if you know why CA car insurance rates go up.

Here's my situation. State Farm has raised by premium by around $50. I used to pay $400 every 6 months, but now they want $450.

I'm indignant. I got no accidents on my record. I got no tickets, and so forth. I live in a good neighborhood where I presume car thefts are very low. And it's not a congested area (an area where accidents are highly likely, like a metro area).

I argued with them about it, but they said it's because my car got more expensive to fix. The girl was saying that replacement costs for things such as doors, hoods, etc. costed more in the following year (2014).

Is this rate hike justifiable? Anyone here sell auto insurance in CA? Please let me know. I'm unhappy about this.

scottIN · 10-03-2014, 08:38 AM

I can't comment on California, but did have a conversation with my insurance agent last week about rates and she said that it driven by replacement part costs.

The situation was that I was insuring my new Cherokee - which was only about $2,000 less (new) than my Z was new. Rates for it were around half of what the Z was for the exact same coverage. When I asked why, she explained that because the Z was low production, replacements parts were so much more expensive than for a high production vehicle like the Cherokee.

wanker · 10-03-2014, 11:27 AM

It's a free market. If you don't like the rates, look elsewhere.

kenchan · 10-03-2014, 12:53 PM

pinocchio was a bad motivational speaker...

adamatstillen · 10-03-2014, 01:03 PM

Many companies punish people for their loyalty. Ridiculous right?!

I use Wawanesa by the way, best rates by far!

When Should You Switch Insurers? | www.clarkhoward.com

cigarclifford · 10-03-2014, 01:19 PM

Quote:

Originally Posted by edk370

Ok people, people chime in if you know why CA car insurance rates go up.

Here's my situation. State Farm has raised by premium by around $50. I used to pay $400 every 6 months, but now they want $450.

I'm indignant. I got no accidents on my record. I got no tickets, and so forth. I live in a good neighborhood where I presume car thefts are very low. And it's not a congested area (an area where accidents are highly likely, like a metro area).

I argued with them about it, but they said it's because my car got more expensive to fix. The girl was saying that replacement costs for things such as doors, hoods, etc. costed more in the following year (2014).

Is this rate hike justifiable? Anyone here sell auto insurance in CA? Please let me know. I'm unhappy about this.

I also live in Cali. You might send a copy of this post to State Farm...They
may be able to help you. We can do nothing for you except read your post..

GL amigo..............

jaybulls · 10-03-2014, 02:10 PM

Quote:

Originally Posted by edk370

Ok people, people chime in if you know why CA car insurance rates go up.

Here's my situation. State Farm has raised by premium by around $50. I used to pay $400 every 6 months, but now they want $450.

I'm indignant. I got no accidents on my record. I got no tickets, and so forth. I live in a good neighborhood where I presume car thefts are very low. And it's not a congested area (an area where accidents are highly likely, like a metro area).

I argued with them about it, but they said it's because my car got more expensive to fix. The girl was saying that replacement costs for things such as doors, hoods, etc. costed more in the following year (2014).

Is this rate hike justifiable? Anyone here sell auto insurance in CA? Please let me know. I'm unhappy about this.

not to "brag or boast", butt, i pay $202/mo. for my '13 on top of a $600/mo. note---after a $16k trade-in...so, go figure...

edk370 · 10-03-2014, 03:29 PM

Quote:

Originally Posted by wanker

It's a free market. If you don't like the rates, look elsewhere.

It sure is. But when State Farm is lower than those gimmicky, here today & gone tomorrow insurance companies...I don't think I want to shop anywhere else.

I'm just trying to figure out if insurance companies can justify hikes because my car's parts "are more expensive to replace." Someone already stated that, so I guess I'm good.

edk370 · 10-03-2014, 03:31 PM

Quote:

Originally Posted by kenchan

pinocchio was a bad motivational speaker...

No he wasn't. All those get-rich hucksters seem to pull in suckers everyday. Rich dad, poor dad...Anthony Robins...the list goes on.

1st · 10-03-2014, 04:27 PM

pinocchio is he a real boy?

gr8-wrx · 10-03-2014, 04:43 PM

Just IMO, I'm thinking that as the 370z gets older and less expensive, it starts to become more popular with the younger (and likely more reckless) crowd.

ZeeingAround · 10-10-2014, 06:45 PM

Hey, let me piss you off.
$636 year. Non primary vehicle.
I'm getting old and live in the cold.

gr8-wrx · 10-10-2014, 07:40 PM

Just got my renewal offer in the mail. The premiums are exactly the same as last year for each of my cars...

10-02-2014, 10:49 PM	#1 (permalink)
edk370 Enthusiast Member Join Date: Nov 2012 Location: So Cal Posts: 296 Drives: 09 370Z Rep Power: 13	California Insurance Rate Hike Ok people, people chime in if you know why CA car insurance rates go up. Here's my situation. State Farm has raised by premium by around $50. I used to pay $400 every 6 months, but now they want $450. I'm indignant. I got no accidents on my record. I got no tickets, and so forth. I live in a good neighborhood where I presume car thefts are very low. And it's not a congested area (an area where accidents are highly likely, like a metro area). I argued with them about it, but they said it's because my car got more expensive to fix. The girl was saying that replacement costs for things such as doors, hoods, etc. costed more in the following year (2014). Is this rate hike justifiable? Anyone here sell auto insurance in CA? Please let me know. I'm unhappy about this.

10-03-2014, 11:27 AM	#3 (permalink)
wanker Enthusiast Member Join Date: Apr 2014 Location: San Diego Posts: 443 Drives: 2011 370Z S/T A7 Rep Power: 2901	It's a free market. If you don't like the rates, look elsewhere. 1st likes this.

10-03-2014, 04:43 PM	#11 (permalink)
gr8-wrx Track Member Join Date: Apr 2011 Location: Nor Cal Posts: 611 Drives: 10 370z Roadster 7AT Rep Power: 15	Just IMO, I'm thinking that as the 370z gets older and less expensive, it starts to become more popular with the younger (and likely more reckless) crowd. jaybulls likes this. __________________ Me: 2022 Toyota Tacoma SR5 Double-Cab SB Wifey: 2013 Toyota Highlander Limited AWD Weekends: 2010 Nissan 370z Roadster

10-10-2014, 06:45 PM	#12 (permalink)
ZeeingAround A True Z Fanatic Join Date: Dec 2010 Location: Michigan Posts: 6,365 Drives: 3500 NVP 370Z-sold! Rep Power: 86623	Hey, let me piss you off. $636 year. Non primary vehicle. I'm getting old and live in the cold. __________________ Get some roosters for eggs and Bulls for milk . Then you will see that gender matters. Especially at milking time. Last edited by ZeeingAround; 10-10-2014 at 06:50 PM.

10-10-2014, 07:40 PM	#13 (permalink)
gr8-wrx Track Member Join Date: Apr 2011 Location: Nor Cal Posts: 611 Drives: 10 370z Roadster 7AT Rep Power: 15	Just got my renewal offer in the mail. The premiums are exactly the same as last year for each of my cars... __________________ Me: 2022 Toyota Tacoma SR5 Double-Cab SB Wifey: 2013 Toyota Highlander Limited AWD Weekends: 2010 Nissan 370z Roadster

10-03-2014, 08:38 AM	#2 (permalink)
scottIN Track Member Join Date: Aug 2011 Location: New Castle, Indiana Posts: 764 Drives: '12 370Z Rep Power: 55	I can't comment on California, but did have a conversation with my insurance agent last week about rates and she said that it driven by replacement part costs. The situation was that I was insuring my new Cherokee - which was only about $2,000 less (new) than my Z was new. Rates for it were around half of what the Z was for the exact same coverage. When I asked why, she explained that because the Z was low production, replacements parts were so much more expensive than for a high production vehicle like the Cherokee.

10-03-2014, 12:53 PM	#4 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141521	pinocchio was a bad motivational speaker...

10-03-2014, 01:03 PM	#5 (permalink)
adamatstillen Base Member Join Date: Sep 2014 Location: costa mesa Posts: 1 Drives: nissans! Rep Power: 11	Many companies punish people for their loyalty. Ridiculous right?! I use Wawanesa by the way, best rates by far! When Should You Switch Insurers? \| www.clarkhoward.com

10-03-2014, 04:27 PM	#10 (permalink)
1st A True Z Fanatic Join Date: Jul 2012 Location: I 80 Biz U.S. 50 Posts: 1,708 Drives: Platinum Z Rep Power: 1616	pinocchio is he a real boy?

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