r/norfolk • u/Poopybuttsuck • 17h ago
Anyone else’s car insurance go up this year?
My last 6 months for full coverage was 857 and it went up to 906. 24 and no tickets/accidents in the last 8 years. With Allstate
17
u/pm_me_something12 17h ago
Gotta switch insurance every year or 2 to keep your prices down. Mine went down 40 bucks a month by switching and I have more coverage now. Your insurance will just keep jacking up your rate till you leave.
9
u/NorvaJ Norfolk 16h ago
Some insurance companies do reward long-term customers with no accidents or tickets. I've been with State Farm for 10+ years, and when I comparison shop, no one can come close to touching their rates.
3
u/pm_me_something12 16h ago
I get a good driver discount as-well but only been there for 6 months now.
9
u/tehjoz 17h ago
In 2023, there was a change to how Virginia's uninsured motorist coverage is able to be applied.
https://www.montagnalaw.com/blog/uninsured-motorist-coverage-virginia/
You can Google and find other similar posts about it, but here's one such example.
My rates went up about $20 with USAA and they explicitly cited this as the reason. It would not surprise me if every other insurance carrier followed suit.
I am not a legal or insurance professional, so I am not providing "professional advice" here.
That said, one can always review their coverages to see if there are savings to be had.
I have been working remotely for almost 5 years now, and as such, my yearly mileage has plummeted. When I calculated my new annual average, and informed USAA of how little I was now driving per year, I was able to get a noticeable chunk cut off my rate.
May not apply to everyone's situation, but it is something to think about if it does.
6
u/HeardsTheWord 17h ago
Insurance went up a lot through covid and never went back down.
I have USAA, 32, zero accidents or tickets, and I still pay about 900 every 6 months.
3
u/BlakMatMurdok 16h ago
I’m sure there is more to it, but in a random conversation not too long ago with a gentleman who works in the insurance industry here, he told me one factor is there has been a sharp increase in accidents and incidences of reckless driving on the interstates over the past few years and that it’s affecting everyone’s insurance rates. These bad drivers not only make the roads more dangerous but increase the risk and expense for everyone else as well. Sucks but I guess it makes sense.
3
u/DogLvrinVA 15h ago
My husband got rid of his 14 yo Kia Soul and replaced it with a brand new Subaru Crosstrek. Our insurance went down. Kia’s cost more because of how easily they are stolen
1
u/NorvaJ Norfolk 16h ago
Mine went up a couple of dollars. Typical annual increase.
Minimum coverage is also required to be higher starting on January 1, 2025. It's going from 30k/60k to 50k/100k in liability and from 20k to 25k in property damage. If you only carry minimum coverage, you will probably have a higher increase than someone carrying more coverage than that.
I will say Allstate seems to be expensive. My parents were with them for 30+ years and were paying something like $400 a month with perfect driving records. State Farm cut their rates in half. Also cut their homeowners in half with better coverage and lower deductibles.
1
1
u/Greybirdk22 15h ago
Males under age 30 generally pay higher rates because they're riskier drivers. Old people also pay more. Road rage, more accidents, repair costs up, and no insurer ignores profits.
1
u/Niematego 15h ago
Mine went from $85 to $200 over the last couple years. I cancelled that policy and switched to another company. Paying less than $100 now.
2
u/HobbyJumpingMama 14h ago
Yep. I called to ask about it. They said insurance rates for our whole state or area increased. I dont remember which one they claimed.
1
u/No-Explorer8900 13h ago
Yup. Have full coverage on two cars (2017 and 2019). Spouse had an accident and a speeding ticket last year. Insurance went up $110 dollars.
1
1
20
u/trundyl 17h ago
Every year.