Insurance Increases

[wincom6]

 Progressive Insurance has increased my rates! My policy charges were 1,133.00 on 01/28/2017 This year is $1,623.00, a $490 increase.  I have not had a claim and I have had the policy for more than 5 years. Has anyone had this happen to them? The coach is a 2008 Fleetwood Providence.

[stevensc]

Check with Miller Insurance  503 636-6347.  No affiliation.  In fact they would officially be considered a competitor of mine.

[Gary RV_Wizard]

This is a common complaint. Motorhome insurance rates seem to be jumping, especially in regions affected by the hurricanes this past year. And some companies are dropping out of that market altogether.

It's also common for companies to steadily raise rates for existing policies, even though the value of the coach is going down. You can probably save money by asking your company to re-evaluate the current fair market value. They do not do that automatically, so you are paying collision and comprehensive rates based on a 5 year old valuation.

It's time for you to shop around for more quotes. Find other RV insurers - you can usually get quotes easily via online application.  Or ask an RV-specialist agency like Miller RV Insurance to get quotes for you.
http://www.millerrvinsurance.com/

[John From Detroit]

Liberty Mutual did that to me last year on my car...

My theory is they are trying to tell you to listen to an old Rock adn Roll Song... or at least the title:  SHOP AROUND.

Now, this advice has a danger.. But if you can find a Primerica Insurance agent near you....

THey have a computer service that searches like 10 different companies (or more) not just 2 or 3 but 10...
The danger is that Primerica is a multi-level=marketing companyu.  A legal one (Since they actually DO sell insurance and you can make back the investment on your first sale if you choose to join) I do not recommend you join (make up your own mind) but they like to try and sell you on joining.

[johnandcarol]

I have progressive for 7 claim free years now. My rates have never increased. This year my rate dropped a bit. I don't have a clue why my costs have gone down

[scottydl]

Insurance rates are largely driven by state regulations, so comparing Progressive (or any carrier) between two states may result in largely different results.  In general, insurance rates seem to have been on the rise in recent years, I assume because of the large losses and costs associated with natural disasters in various areas.

[wincom6]

Thanks for all the information. I’m working with my Insurance Agent, he has never heard of a insurance company raising rates so high.

[brewer64]

Progressive raised ours from $1045.00 to $1243.00 with no claims. We meet with Farmers insurance on Friday and will be paying around $800.00 for the same insurance.

[Gary RV_Wizard]

Individual driving record used to be a major factor in rates, but that is increasingly less of a driving force than other personal factors and regional concerns.   For example, if the area defined as your home location suffers from high rates of vandalism or theft or uninsured drivers, your rates can go sky high even though your driving is perfect in every way.   Even your credit rating is now a major indicator in many rate tables.  Insurers are continually re-analyzing dozens of factors that track well with claims potential and each policy gets re-rated at renewal.  If some factor in your rate has been assigned a higher risk quotient, your rates go up.  Another company may be using different factors or assigning different risk quotients and come up with a much lower (or higher) rate.

[KandT]

Individual driving record used to be a major factor in rates, but that is increasingly less of a driving force than other personal factors and regional concerns.   For example, if the area defined as your home location suffers from high rates of vandalism or theft or uninsured drivers, your rates can go sky high even though your driving is perfect in every way.   Even your credit rating is now a major indicator in many rate tables.  Insurers are continually re-analyzing dozens of factors that track well with claims potential and each policy gets re-rated at renewal.  If some factor in your rate has been assigned a higher risk quotient, your rates go up.  Another company may be using different factors or assigning different risk quotients and come up with a much lower (or higher) rate.

I just did this and am insured for $186 per year with a $500 deductible.  I have two drivers on my policy both over 40 and have no debt.  I don't use my insurance for anything unless I were to have a catastrophic incident (knock on wood!).  Also, that is a package deal where they insure everything (homeowners, other car etc.).  I live in a low crime area.

Nonetheless, I felt like $186 is phenomenal!!  I don't know if it makes a difference but my wife and I work so we can only use the RV so much time a year.

We shopped with a local place that checks many sites.  We changed from a "Name Brand" insurer and saved over $800/year with at least as good insurance.  Should have shopped them years ago! 

[scottydl]

We shopped with a local place that checks many sites.  We changed from a "Name Brand" insurer and saved over $800/year with at least as good insurance.  Should have shopped them years ago! 

Just make sure whoever you go with has good reviews/history for handling and paying claims, should you ever need that.  That's where many of the smaller carriers suffer.

[wincom6]

Thanks for all the good advice, The insurance company had my motorhome valued at $129K and if I  totaled it they would not pay more than book value.  I’m sure the book value is not more than $95K.  By reducing the value and increasing the deductible, Progressive rewrote the policy at under $800.  Think about it, last year policy was $1,133 this year the policy was written at $1,623 and after negations and a few changes that I can live with the policy is under $800.   

[kdbgoat]

There's no way I would have an RV financed, and not have gap insurance. The same pretty much goes for any vehicle too unless there was a lot of money put out for a down payment.

[wincom6]

There's no way I would have an RV financed, and not have gap insurance. The same pretty much goes for any vehicle too unless there was a lot of money put out for a down payment.

I think you misread my post?   I paid cash for my motorhome.

[kdbgoat]

I think you misread my post?   I paid cash for my motorhome.

I most likely did. That's getting about part for the course with me anymore.

[Jeff]

I went through all the above with Progressive. Premiums stayed around 1200/yr, suddenly increased to 1600/yr, and to 2100/yr after trading for another used m/h. Switched to Blue Sky for 800/yr and they doubled rates after being in the RV market for a year, am now with Allied (NationWide) for 1143/yr. Most of the increases from Progressive were for comp coverage. I guess they paid for too many awnings and windshields.


We had been with Progressive for 8 years but learned you need to shop every few years.

[KandT]

Any ideas I why I am so much less money?  My insurer isn't name brand but I did my due diligence and they are a multi-multi billion dollar company.  Maybe because I gave them all my business?  Are you all going alla carte? 

[scottydl]

Any ideas I why I am so much less money?

There are so many possible factors that it's hard to say with certainty.  Just don't call attention to yourself and enjoy it while you've got it!

[decaturbob]

Progressive Insurance has increased my rates! My policy charges were 1,133.00 on 01/28/2017 This year is $1,623.00, a $490 increase.  I have not had a claim and I have had the policy for more than 5 years. Has anyone had this happen to them? The coach is a 2008 Fleetwood Providence.

 I pay $500 full coverage for 2008 fleetwood Tioga thru state farm with $500 deductibles, includes towing as well...thats per YEAR

[Heli_av8tor]

My Progressive policy is up for renewal the end of March. My premium last year was $800.
The renewal is $1038, a 30% increase. So much for no claims.

I had my small boat with them when I bought the RV insurance which gave me a discount. Wonder if I’d been better off keeping the boat policy even though I sold it.

I do have the MH covered for an agreed value which raises the premium.

Tom

[scottydl]

I do have the MH covered for an agreed value which raises the premium.

This is what I always did with our motorhome, that way there would be no concerns or value disputes if we ever did have a major claim.  It was a fairly low amount, $15k I think, which was enough to cover what I paid (and what I would need to replace) our used MH with a similar one.

[Bruce M.]

We're shopping for our forever RV, this was an eye opener, great thread!

[garyb1st]

Have been with GEICO for more than 10 years.  No claims.  No infractions for more than 5 years.  Wife and I both retired so minimal driving on 2nd car.  Premiums increased for second time in one year.  Checked with Progressive via Internet.  Their premium for the 2 cars $2456 annually.  GEICO for 2 cars $1436.   

On line, Progressive unable to quote motorhome.  I'm paying $1,364. with GEICO.  Don't see any point in checking with Progressive for the motorhome.  I'm checking with the Auto Club today.   
 

[rvannie23]

Progressive raised ours from $1045.00 to $1243.00 with no claims. We meet with Farmers insurance on Friday and will be paying around $800.00 for the same insurance.

I second this. Switched from Nationwide to Farmers for a difference of about $250 bucks. The Farmers insurance covers more as well, I believe it’s actually a new item they have for full timers.

[John From Detroit]

THeory (Actually it was the explanation an insurance agent gave me years ago)

There are really not all that many Insurance companies.  What happens is a company Sells you a policy and then THEY sell it to a "Re-INsurer" and there are only so many of those.. A few companies (IE: AAA-Michigan) carry their own and do not resell (Got this from an AAA agent).

So when the SHTF something like 9-11 or a Hurricane or Tornados or other natural disaster or some other major disaster like what is it now 19 School shootings so far this year...  The big Re-Insurance companies take a MAJOR hit.  So in order to remain profitable, and if possible Even more so they reaise the rates they charge to your smaller insurance underwriter.

Not all Underwriters (IE: Progressive, GICO, Nationwide, Allstate) re-sell to the same Re-Insureres so some will have better rates than others.

Now that's the official statement of my old AAA agent.. I'm no longer with them.

My theory:  Raising rates is the insurance company's way of promoting a Song from, I believe the 50's
Shop Around. by the Miracles.

My Mamma Told me.. To do The Shop Around.

[garyb1st]

Just applied with the Auto Club of So Cal.  I was surprised at the difference in premium.  Between the auto insurance, my umbrella and a multi-policy discount on my homeowners, that I wasn't eligible for previously, I'll be saving almost $1,000.00 a year.   One caveat, that also includes an anticipated policy holder dividend on the auto insurance.  They have paid dividends continuously for the past 25+ years so I'm pretty sure I'll get the discount at renewal. 

FWIW, I Googled auto insurance premium surcharges for seniors and found out that some companies do in fact charge more for drivers over a certain age.  It varies by company.  As a senior pushing 75, I was curious whether or not the Auto Club surcharges seniors.  While they do, it's not based on age but years of driving.   For drivers licensed more than 60 years, the premium is increased. Don't know how much but will find out in two years.  Hopefully by then, my child bride will become the primary driver.    

For anyone interested in the Internet site that lists some of the senior surcharges, https://www.valuepenguin.com/senior-car-insurance-how-it-works-and-savings