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Author Topic: Insurance Increases  (Read 959 times)

wincom6

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Insurance Increases
« on: January 29, 2018, 05:26:36 AM »
 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.
U.S. Army Veteran
2008 Providence
2013 Chevy Equinox
Pittsburgh, PA
"Congressional term limits in my lifetime."

stevensc

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Re: Insurance Increases
« Reply #1 on: January 29, 2018, 09:56:36 AM »
Check with Miller Insurance  503 636-6347.  No affiliation.  In fact they would officially be considered a competitor of mine.
2004 Chev 2500 HD Duramax
2003 Fleetwood Prowler M-31 TT

Gary RV_Wizard

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Re: Insurance Increases
« Reply #2 on: January 29, 2018, 10:01:00 AM »
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/
Gary
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Gary Brinck
Summers: Black Mountain, NC
Home: Ocala National Forest, FL

John From Detroit

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Re: Insurance Increases
« Reply #3 on: January 29, 2018, 10:07:42 AM »
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.
Nothing adds excitement like something that is none of your business
My Home is where I park it.

johnandcarol

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Re: Insurance Increases
« Reply #4 on: January 29, 2018, 08:50:51 PM »
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

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Re: Insurance Increases
« Reply #5 on: January 30, 2018, 09:44:31 PM »
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.
Scott, wife, 3 boys... and the dog
- 2008 Forest River Wildwood 32BHDS
- 1995 Chevrolet Suburban C2500 tow vehicle
- 1994 Thor Residency motorhome... owned 2007-2012

wincom6

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Re: Insurance Increases
« Reply #6 on: January 31, 2018, 07:14:52 AM »
Thanks for all the information. Im working with my Insurance Agent, he has never heard of a insurance company raising rates so high.
U.S. Army Veteran
2008 Providence
2013 Chevy Equinox
Pittsburgh, PA
"Congressional term limits in my lifetime."

brewer64

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Re: Insurance Increases
« Reply #7 on: January 31, 2018, 08:44:49 AM »
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.
Don and Ro
2016 ACE 30.1
Southern Wisconsin

Gary RV_Wizard

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Re: Insurance Increases
« Reply #8 on: January 31, 2018, 08:52:50 AM »
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.
Gary
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Gary Brinck
Summers: Black Mountain, NC
Home: Ocala National Forest, FL

KandT

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Re: Insurance Increases
« Reply #9 on: January 31, 2018, 08:07:39 PM »
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! 
2005 Winnebago Vectra 36RD
American Car Dolly
2009 Accord Toad
It's not a problem.  It's a project!

scottydl

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Re: Insurance Increases
« Reply #10 on: February 03, 2018, 09:54:28 PM »
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.
Scott, wife, 3 boys... and the dog
- 2008 Forest River Wildwood 32BHDS
- 1995 Chevrolet Suburban C2500 tow vehicle
- 1994 Thor Residency motorhome... owned 2007-2012

wincom6

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Re: Insurance Increases
« Reply #11 on: February 04, 2018, 05:28:02 AM »
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.  Im 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.   :)
U.S. Army Veteran
2008 Providence
2013 Chevy Equinox
Pittsburgh, PA
"Congressional term limits in my lifetime."

kdbgoat

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Re: Insurance Increases
« Reply #12 on: February 04, 2018, 05:33:40 AM »
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 know you believe you understand what you think I said,
But I am not sure you realize what you heard is not what I meant


2016 Leprechaun 319DS

wincom6

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Re: Insurance Increases
« Reply #13 on: February 04, 2018, 07:15:13 AM »
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.
U.S. Army Veteran
2008 Providence
2013 Chevy Equinox
Pittsburgh, PA
"Congressional term limits in my lifetime."

kdbgoat

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Re: Insurance Increases
« Reply #14 on: February 04, 2018, 12:22:18 PM »
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.
I know you believe you understand what you think I said,
But I am not sure you realize what you heard is not what I meant


2016 Leprechaun 319DS

Jeff

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Re: Insurance Increases
« Reply #15 on: February 04, 2018, 01:08:21 PM »
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.
« Last Edit: February 04, 2018, 01:12:16 PM by Jeff »

KandT

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Re: Insurance Increases
« Reply #16 on: February 04, 2018, 05:26:23 PM »
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? 
2005 Winnebago Vectra 36RD
American Car Dolly
2009 Accord Toad
It's not a problem.  It's a project!

scottydl

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Re: Insurance Increases
« Reply #17 on: February 04, 2018, 06:26:06 PM »
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!
Scott, wife, 3 boys... and the dog
- 2008 Forest River Wildwood 32BHDS
- 1995 Chevrolet Suburban C2500 tow vehicle
- 1994 Thor Residency motorhome... owned 2007-2012

decaturbob

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Re: Insurance Increases
« Reply #18 on: February 04, 2018, 07:55:08 PM »
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
proud to have a 2008 Tioga 31M MH

Heli_av8tor

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Re: Insurance Increases
« Reply #19 on: February 04, 2018, 08:21:17 PM »
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 Id 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
Tom & Theresa
2004 Pace Arrow 37C, Workhorse W22, 8.1 Vortec
2014 Honda CR-V Toad, Roadmaster -5 Base and tow bar
SMI Stay and Play Duo Brake system

scottydl

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Re: Insurance Increases
« Reply #20 on: February 04, 2018, 10:09:06 PM »
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.
Scott, wife, 3 boys... and the dog
- 2008 Forest River Wildwood 32BHDS
- 1995 Chevrolet Suburban C2500 tow vehicle
- 1994 Thor Residency motorhome... owned 2007-2012

MedfordRV

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Re: Insurance Increases
« Reply #21 on: February 11, 2018, 10:28:49 PM »
We're shopping for our forever RV, this was an eye opener, great thread!
Bruce
Medford MA

 

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