Your Car Insurance gone Crazy ?

Hapbob · 04-13-2024, 08:19 AM

Some old threads on here but need a recent update to what ins company you use for the BMW. Mine is 3rd car and driven on Sundays!
I have clean driving record and no claims in past 5 years. (windshield)
My has creeped up to $1050 every 6 months.

Rates are not coming back down. You should know that.
Hap

ppointer · 04-13-2024, 09:31 AM

My FL insurance is double my Ohio insurance. USAA. I had progressive before that and went back to USAA.

I have two classics insured by Hagerty, but that strategy is not cheaper. Just allows me to insure to a specific value.

RockCrusher · 04-13-2024, 10:11 AM

Quote:

Originally Posted by Hapbob

Some old threads on here but need a recent update to what ins company you use for the BMW. Mine is 3rd car and driven on Sundays!
I have clean driving record and no claims in past 5 years. (windshield)
My has creeped up to $1050 every 6 months.

Rates are not coming back down. You should know that.
Hap

I insure through State Farm. I get a multi-car discount (M2 and 230xi) and also I have renters insurance through State Farm.

Pay approx. $500/6 months per vehicle.

Retired. No work (or school) commute. Have put 7500 miles on the M2 in one year and since Dec. 1, 2023 have put 3000 miles on the 230ix.

No tickets and a small claim 6+ years ago. Agent stated this claim does not affect my rates as it is too long ago.

MassWholeBimmer · 04-13-2024, 10:54 AM

Pay about $850.00 through Amica.. bundled with my F150, an umbrella policy, and home insurance. Home insurance percentage wise has gone up much more..

M-technik-3 · 04-13-2024, 11:06 AM

Everyone's has!!! on average 10-20% increases.

NikMN · 04-13-2024, 11:10 AM

2015 550i $150ish/month through progressive. Clean record. Need to find something better

mjj · 04-13-2024, 11:18 AM

Quote:

Originally Posted by M-technik-3

Everyone's has!!! on average 10-20% increases.

I read an article yesterday that said the one year inflation rate on car insurance is 22%.

ASAP · 04-13-2024, 12:29 PM

my car insurance w geico went up to $950 for 6 months... not much over the prior 6 months but this is for a AWD family SUV when I used to pay 650 for a 2 door sports car... auto insurance and home insurance will soon need to enter a realm with government regulation soon or get ready to become an uninsurable country... 1 more hurricane in FL is all it will take... and its already slowly happening

NickyC · 04-13-2024, 12:30 PM

Just remember inflation is transitory.

I'm just watching this all with bewilderment wondering how the average person is getting by.

ASAP · 04-13-2024, 12:31 PM

Quote:

Originally Posted by NickyC

Just remember inflation is transitory.

do you remember when during Covid auto insurance companies returned premiums out of the goodness of their own hearts because people drove less?

M-technik-3 · 04-13-2024, 12:32 PM

Quote:

Originally Posted by NickyC

Just remember inflation is transitory.

I'm just watching this all with bewilderment wondering how the average person is getting by.

Hahaha Lets not go down that road. As much as many would like too.

NickyC · 04-13-2024, 12:36 PM

Quote:

Originally Posted by M-technik-3

Hahaha Lets not go down that road. As much as many would like too.

Greatest economy ever!

NH BIMMR340 · 04-13-2024, 02:17 PM

Two teenage (male) drivers, well one just turned twenty, you don't want to know! They do contribute 1/2 each but the total for 4 drivers is ludicrous.

ipilcher · 04-13-2024, 02:27 PM

My 16 year old daughter just got her license on Friday. I'm dreading my call to Progressive on Monday.

TboneS54 · 04-13-2024, 02:36 PM

Just got the renewal bill for next 6 months, $2400 for 2 cars perfect record/credit. What a joke. It used to be $1k.

mjj · 04-13-2024, 02:53 PM

Quote:

Originally Posted by Luxy330

Two teenage (male) drivers, well one just turned twenty, you don't want to know! They do contribute 1/2 each but the total for 4 drivers is ludicrous.

Teenage girls are now more expensive to insure than boys….staring at their cell phone will driving

mjj · 04-13-2024, 02:56 PM

Quote:

Originally Posted by NickyC

Just remember inflation is transitory.

I'm just watching this all with bewilderment wondering how the average person is getting by.

I think the truth is the average person is not getting by… more credit card debt, less savings and minimal if any contribution to retirement.

NickyC · 04-13-2024, 03:19 PM

Quote:

Originally Posted by mjj

I think the truth is the average person is not getting by… more credit card debt, less savings and minimal if any contribution to retirement.

You have to be correct, I see no other way except for established family members chipping in to help as well.

We have lost 20% of our buying power in 4 years, and there is no end in sight. What’s incredible is that as bad as things are now, we are nowhere near some traditional interest rate areas. Could you imagine 12-15% on homes and cars as a norm (and that’s with an 800+ credit score) in present conditions? Too horrible to imagine.

Add in the prospect of Iran starting a regional war and the Strait getting shut down, we might all be walking soon. I work remote from home and filled up both cars last night. I could last until August at least.

Mavus · 04-13-2024, 04:02 PM

about $1100 per vehicle with Erie max limits 250/500 and multi policy and good driver discounts

teenage drivers $3200-4000 on fam policy or $6-7K stand alone for the first three years and no accidents

a fam with 2 teens, boy in college and girl junior driver license, and 4 cars is paying $11500/y

insanity!!

dailym340i · 04-13-2024, 04:31 PM

Shop around and suck it up I suppose. At least you’re not in Canada. Rates in the city will spin your head.

S EyeLand · 04-13-2024, 04:44 PM

Quote:

Originally Posted by Hapbob

Some old threads on here but need a recent update to what ins company you use for the BMW. Mine is 3rd car and driven on Sundays!
I have clean driving record and no claims in past 5 years. (windshield)
My has creeped up to $1050 every 6 months.

Rates are not coming back down. You should know that.
Hap

I have a mint record. M5 is 220 a month. Not sure if that's bad or not, 190 for the X5M.

S EyeLand · 04-13-2024, 04:48 PM

Quote:

Originally Posted by TboneS54

Just got the renewal bill for next 6 months, $2400 for 2 cars perfect record/credit. What a joke. It used to be $1k.

Damn iv'e been paying this for years. No tix, claims or accidents. Tick all the boxes with credit, income and education.

04-13-2024, 08:19 AM	#1
Hapbob Second Lieutenant 235 Rep 230 Posts Drives: M240 2018 Join Date: Jan 2020 Location: Palms and Pines iTrader: (0)	Your Car Insurance gone Crazy ? Some old threads on here but need a recent update to what ins company you use for the BMW. Mine is 3rd car and driven on Sundays! I have clean driving record and no claims in past 5 years. (windshield) My has creeped up to $1050 every 6 months. Rates are not coming back down. You should know that. Hap
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04-13-2024, 09:31 AM	#2
ppointer Major 855 Rep 1,173 Posts Drives: '01 Z3M, '12 335is, '22 540i Join Date: Jul 2013 Location: FLL iTrader: (4) Garage List 2012 BMW 335i [5.25] 2012 BMW 335is [5.00] 2008 Infiniti QX56 [0.00] 1967 Chevrolet Corv ... [10.00] 2001 M Roadster [10.00] 2022 BMW 540i [0.75] 2009 528i [9.50]	My FL insurance is double my Ohio insurance. USAA. I had progressive before that and went back to USAA. I have two classics insured by Hagerty, but that strategy is not cheaper. Just allows me to insure to a specific value.
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04-13-2024, 10:54 AM	#4
MassWholeBimmer Private First Class 2354 Rep 107 Posts Drives: 2023 X5 M50i Join Date: Aug 2023 Location: North East USA iTrader: (0)	Pay about $850.00 through Amica.. bundled with my F150, an umbrella policy, and home insurance. Home insurance percentage wise has gone up much more.. __________________ 2023. X5 M50i 2019. F150 SCREW 3.5 L Ecoboost
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04-13-2024, 11:06 AM	#5
M-technik-3 Lieutenant Colonel 2419 Rep 1,621 Posts Drives: E30 M3, E36 M3, 328iT, 335i Join Date: Mar 2020 Location: western Ma iTrader: (0) Garage List 1995 M3 [9.00] 2007 E91 [7.25] 1988 M3 [9.50]	Everyone's has!!! on average 10-20% increases.
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04-13-2024, 11:10 AM	#6
NikMN Second Lieutenant 1569 Rep 269 Posts Drives: BMW 550i Join Date: Oct 2022 Location: Minnesota iTrader: (0) Garage List 2015 BMW 550i [9.25]	2015 550i $150ish/month through progressive. Clean record. Need to find something better
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04-13-2024, 12:29 PM	#8
ASAP Major General 10850 Rep 9,024 Posts Drives: '23 X3 M40i Join Date: Sep 2012 Location: FL iTrader: (0)	my car insurance w geico went up to $950 for 6 months... not much over the prior 6 months but this is for a AWD family SUV when I used to pay 650 for a 2 door sports car... auto insurance and home insurance will soon need to enter a realm with government regulation soon or get ready to become an uninsurable country... 1 more hurricane in FL is all it will take... and its already slowly happening __________________ 2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
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04-13-2024, 12:30 PM	#9
NickyC Lieutenant General 19198 Rep 11,182 Posts Drives: M4 CS. Former G82, x2 F82, F80 Join Date: Nov 2010 Location: Jacked out of my mind iTrader: (23)	Just remember inflation is transitory. I'm just watching this all with bewilderment wondering how the average person is getting by.
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04-13-2024, 02:17 PM	#13
NH BIMMR340 Enlisted Member 17 Rep 34 Posts Drives: '21 M340ix Join Date: Feb 2024 Location: NH iTrader: (0)	Two teenage (male) drivers, well one just turned twenty, you don't want to know! They do contribute 1/2 each but the total for 4 drivers is ludicrous.
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04-13-2024, 02:27 PM	#14
ipilcher Captain 602 Rep 1,024 Posts Drives: 2024 M3 Compensation Join Date: Nov 2013 Location: North Texas, USA iTrader: (0)	My 16 year old daughter just got her license on Friday. I'm dreading my call to Progressive on Monday.
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04-13-2024, 02:36 PM	#15
TboneS54 YNWA 1189 Rep 904 Posts Drives: '04 M3 6MT, '11 M3 DCT, '22 X7 Join Date: Nov 2009 Location: SoCal iTrader: (2)	Just got the renewal bill for next 6 months, $2400 for 2 cars perfect record/credit. What a joke. It used to be $1k. __________________ /// 2004 Silvergrey M3 · Coupe · 6MT · Slicktop · zero options /// 2011 Jerez/Bamboo E90 M3 · DCT · Slicktop · IG: @na.s54
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04-13-2024, 04:02 PM	#19
Mavus Colonel 2267 Rep 2,875 Posts Drives: E90 335i, F80 zcp Join Date: Sep 2011 Location: PA iTrader: (9)	about $1100 per vehicle with Erie max limits 250/500 and multi policy and good driver discounts teenage drivers $3200-4000 on fam policy or $6-7K stand alone for the first three years and no accidents a fam with 2 teens, boy in college and girl junior driver license, and 4 cars is paying $11500/y insanity!!
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04-13-2024, 04:31 PM	#20
dailym340i Enlisted Member 24 Rep 41 Posts Drives: 2020 BMW M340i X-Drive Exc Pkg Join Date: Jul 2022 Location: Toronto iTrader: (0) Garage List 2023 BMW X1 xDrive [0.00] 2020 BMW M340i xDrive [0.00]	Shop around and suck it up I suppose. At least you’re not in Canada. Rates in the city will spin your head.
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