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Gary.Jones 05-25-2016 09:57 AM

Whats going on with insurance??
 
Some of you will remember that I posted to the list that for no apparent reason, my coach insurance went up ~ 30% from last year to the next year.... No claims, no tickets, no nothing. Just a huge increase.

I also have a remaining mortgage on the sticks and bricks and got a letter last week from my mortgage holder that I owned them like an additional $150 a month and in trying to figure out what was going on, discovered that my house insurance had gone up 33% and the escrow was "short". Again, no claims, no damages for past 10 years (probably no claims for past 15 years and that was for a hurricane). Asked for explanation, and get nothing. Credit rating is bullet proof. No explanations other than one of my insurance agents said "Gary, 2015 has been a bad year for most insurance companies and claims are way up... distracted drivers, lots of losses, floods, tornadoes, etc. etc.". SO I have now spent essentially 3 full days shopping insurance, and found rates all over the board from amazing to amazingly reasonable, and all big companies. Also, huge differences across agents. It was pretty much like buying airline tickets or going to a casino - gambling. If I didn't really put time into this, I really could have gotten taken to the cleaners. Just thought I would encourage everyone to carefully examine their insurance coverages and rates when they next renew. I got much better coverage and additional liability insurance that I have needed for a while, and am paying significantly less than last years rates overall. Maybe its only Louisiana, but "its crazy out there"!!!!

Gary

loisjop 05-25-2016 10:16 AM

Quote:

Originally Posted by Gary.Jones (Post 3084835)
Some of you will remember that I posted to the list that for no apparent reason, my coach insurance went up ~ 30% from last year to the next year.... No claims, no tickets, no nothing. Just a huge increase.

I also have a remaining mortgage on the sticks and bricks and got a letter last week from my mortgage holder that I owned them like an additional $150 a month and in trying to figure out what was going on, discovered that my house insurance had gone up 33% and the escrow was "short". Again, no claims, no damages for past 10 years (probably no claims for past 15 years and that was for a hurricane). Asked for explanation, and get nothing. Credit rating is bullet proof. No explanations other than one of my insurance agents said "Gary, 2015 has been a bad year for most insurance companies and claims are way up... distracted drivers, lots of losses, floods, tornadoes, etc. etc.". SO I have now spent essentially 3 full days shopping insurance, and found rates all over the board from amazing to amazingly reasonable, and all big companies. Also, huge differences across agents. It was pretty much like buying airline tickets or going to a casino - gambling. If I didn't really put time into this, I really could have gotten taken to the cleaners. Just thought I would encourage everyone to carefully examine their insurance coverages and rates when they next renew. I got much better coverage and additional liability insurance that I have needed for a while, and am paying significantly less than last years rates overall. Maybe its only Louisiana, but "its crazy out there"!!!!

Gary

What company did you go with?

Sweetbriar 05-25-2016 10:19 AM

Did FEMA/NOAA reevaluate the flood zone maps for where you live? Caught a bunch of home owners up where I'm at a few years back when they did. Pushed them into a flood zone and the banks required additional insurance. Vehicle insurance went up also due to the higher risk of loss associated with where the vehicle is garaged.

BFlinn181 05-25-2016 10:20 AM

Often the first year's premium is low to snag your business, then it jumps and they hope you won't bother to hunt for new insurance.

Climate change has made many insurance companies raise rates, they are exposed to more claims as weather gets more unpredictable, one of the outcomes deniers don't try to explain. I'm not trying to be political, I'm just a retired science teacher that pays attention to facts. Distracted drivers are also in the increase, texting can be as bad as drinking. Add in the issue of legal weed in many states and a lack of testing for it's impairment, accident rates are increasing.

royals1212 05-25-2016 10:21 AM

Gary. Same hear in Texas. The actuators have reevaluated the entire area because of all the floods, hail damage and tornadoes over the last two years. I was in the no claim status till this spring, my rates went up on the coach prior to the hail damage claim to my home and jeep.

I have been insurance shopping as well.

Herb

brobox 05-25-2016 10:44 AM

Same thing just happened to a good friend of mine. Put him in touch with my Independence agent. She got his payments lowered $150 a month, plus found out he was just outside of the new flood plan map and was able to save him another $640 per year. She also did all the paper work with his mortgage company and got the refund check from FEMA for him. He also received more coverage with the lower rate. It does pay to shop.

Gary.Jones 05-25-2016 11:15 AM

Noel

My coach is a separate insurance issue. I switched from National Interstate last year, and National General the year before, and am now with Allied (which is a Nationwide company I think). I saved a bundle.

Then I bundled my house, my cars, and an umbrella policy all within one company which was Progressive Service Insurance (seems like a different division of Progressive - their on line quotes were no where close to the rates I was able to get with a small insurance company that just happened to handle them also). Once again, the range of quotes for the whole bundle ranged from in excess of $7.5K a YEAR TO AROUND $3.4k per year.... all AM BEST AA rated or better companies quoting. I literally spent 3 full days talking and repeating the same information for a bunch of agents and companies, local and on-line and the range of quotes for exactly the same coverage was amazing. It pays to "shop around".

And yes, I think there is a ton of "bait and switch" going on in the insurance business. My house company didn't bother to tell me they raised my rates 33%, but they sure told my mortgage company (which paid without question) who got in touch with me only because my escrow account would have been a few bucks lower than the federally mandated "slush fund" amount ($3,000 worth of slush). I think they pray that you will not look at your rate upon renewal and the huge increase will escape your attention.

Gary

Gary.Jones 05-25-2016 11:24 AM

Sweetbriar

I forgot to mention.... the S&B happens to be on top of what is supposed to be the second highest "mountain" in Louisiana (approximately, 390' ASL), so no problems with floods. A LOT of Louisianians and Texans are learning a lot about flood insurance these days. The amount of rain and flooding we have had has just been amazing. Thankfully, that is not something I worry about here.

Gary

Superslif 05-25-2016 11:27 AM

I'm having the same issue with Nat......wide...been with them 30 years, no claims on the home in all that time, but ratse just keep going up, no auto / RV claims in 20 years...Got a quote from Farmers, that was 15% lower, but once you dug into the policy, I would have to add more coverage. When I get back from my summer RVing in Sept, insurance will be the #1 on my list to take care of. My agent just keeps saying I need to help pay for everyone else's claims who choose to live in flood, fire hurricane, mudslide and high crime areas.

ghaynes754 05-25-2016 11:44 AM

Unfortunately we all have to do much more due diligence with all types of insurance. Seems we have to shop nearly every year. My Airstream trailer only went up $15. But I went through the renewal with a fine tooth comb and was ready to start shopping.

The mantra from the insurance companies is the same "Woe is us. We had to pay out a lot of claims in Timbuktu etc." No problem with any company making a profit just isn't any sense to what happens.

loisjop 05-25-2016 11:44 AM

I've Had National General for several years and have tried several times over the years to beat their rates, but have never been able to come close. I see people changing insurance companies and saving money, but last company, which was either Allied or Progressive, had rates in the $5000 yr. range for the Cornerstone and Dodge pickup. Noel

Old-Biscuit 05-25-2016 01:04 PM

When we come off the road and bought a S&B changed/bundled insurance with Farmers (which ended up being Foremost for home and Farmers for truck)

Truck coverage was a 6 month policy.....and every renewal it went up $20-$30
After the 3rd renewal.........I questioned my agent and he checked and stated 'Oops----a discount was not applied'----OK great.
Next renewal----increase again.
Questioned agent (by now premiums had increased by almost $200 overall since 1st policy ----no changes in policy/no tickets/no accidents/no infractions/no claims etc)
Agent stated that I could cancel and he could then write a NEW policy for same amount as original ---------my reply was then just correct pricing on current policy. Can't do that :banghead:

Started shopping.
Various companies.........all could lower premiums with same FULL Coverage.
Then I checked with 'The Hartford' and AARP.
Same line by line coverage......same deductible and premium was same price as Farmers (1 yr w/Hartford same pricing as 6 mos w/Farmers) :dance:

Then checked coverage/policy for house.........it had increased over same time period by only $50.
But just for giggles I checked with Foremost DIRECTLY........
W/AARP Foremost increased line/by line coverages (house $14K increase, other structures $8K increase, personal property $10K increase, etc) for SAME yearly premium :blink:

I changed both truck and house insurances------
Called Farmers Agent and gladly informed him that his services were no longer needed. :facepalm:

Mr_D 05-25-2016 01:16 PM

Quote:

Originally Posted by Old-Biscuit (Post 3085083)

Started shopping.
Various companies.........all could lower premiums with same FULL Coverage.
Then I checked with 'The Hartford' and AARP.
Same line by line coverage......same deductible and premium was same price as Farmers (1 yr w/Hartford same pricing as 6 mos w/Farmers) :dance:

I had Allied last year, the raised my rates to almost $4000 for two cars and the MH. Checked around and found that The Hartford through AARP was only $2,300 and better coverage.

Ann n Gene 05-25-2016 01:43 PM

Had Hartford, second year raise was $1800, so shopped and moved. Now have Safeco, one of the few who would quote my Cornerstone because of replacement value cost.


2016 44 B Topaz Cornerstone
2014 MKT towed

TonyMac 05-25-2016 01:52 PM

All vehicle and home insurance have a health care portion, someone slips on your sidewalk of your home, and the medical for you and the other vehicle occupants on your auto policy. Medical insurance has gone thru the roof, maybe you're seeing that affect your homeowners and auto/rv policies. Most auto accidents, the medical is WAY more than the property.

waterboy10 05-25-2016 03:21 PM

We shopped a few years ago and moved all of insurances from USAA and Progressive to National General and American Strategic. Saved about $3,000 per year and upgraded to a 16 Anthem from a 13 Aspire and saw virtually no change in premiums. We also added $2,000,000 umbrella for $330/year. This was all done thru Good Sam. We are now in our third year and no changes in premium. My coverages also improved. PM me and I will give you my agents name and number if you wish. You need to shop insurance on a regular basis. I thought I would never leave USAA. The companies are all Aplus rated.

JMonroe 05-26-2016 07:27 AM

I agree, there's something going on.

Rates over the last five years with Progressive jumped over 50% on our Revolution. Each year I'd shop and Progressive continued to be the low bid, although the gap closed considerably over those years.

We just bought a new coach, value would be more than twice what the Revolution was. The Progressive bid for the new coach was insane, a thousand dollars higher than where we eventually landed, at National Interstate (through the Miller insurance agency). The annual premium at National general, for the new rig, was almost identical to Progressive's renewal for the old one.

Insurance on the Jeep and Camaro have risen too. The Jeep by over 80% (although in fairness to Progressive, I did have a claim last year - hit a parked car with my boat, while towing it with the Jeep), yet Progressive remains low on it. The Camaro, driven maybe one thousand miles per year at most, has gone up about 25%.

As for the insurance companies being concerned over climate change. You can check loss statistics, there's not been a significant upswing in losses. Big events tend to get more press these days and someone will always jump to the fore giving an uninformed opinion to support their agenda(without basis in the actual insurance statistics, I'm not taking sides on the climate debate).

JC2 05-26-2016 07:41 AM

This is exactly why I shop insurance rates every year as you are just a number to a lot of companies. There is/will always be someone out there that can offer a better rate. :thumb:





Quote:

Originally Posted by Gary.Jones (Post 3084835)
Some of you will remember that I posted to the list that for no apparent reason, my coach insurance went up ~ 30% from last year to the next year.... No claims, no tickets, no nothing. Just a huge increase.

I also have a remaining mortgage on the sticks and bricks and got a letter last week from my mortgage holder that I owned them like an additional $150 a month and in trying to figure out what was going on, discovered that my house insurance had gone up 33% and the escrow was "short". Again, no claims, no damages for past 10 years (probably no claims for past 15 years and that was for a hurricane). Asked for explanation, and get nothing. Credit rating is bullet proof. No explanations other than one of my insurance agents said "Gary, 2015 has been a bad year for most insurance companies and claims are way up... distracted drivers, lots of losses, floods, tornadoes, etc. etc.". SO I have now spent essentially 3 full days shopping insurance, and found rates all over the board from amazing to amazingly reasonable, and all big companies. Also, huge differences across agents. It was pretty much like buying airline tickets or going to a casino - gambling. If I didn't really put time into this, I really could have gotten taken to the cleaners. Just thought I would encourage everyone to carefully examine their insurance coverages and rates when they next renew. I got much better coverage and additional liability insurance that I have needed for a while, and am paying significantly less than last years rates overall. Maybe its only Louisiana, but "its crazy out there"!!!!

Gary


rogelling 05-26-2016 12:06 PM

We use USAA and have their Progressive policy for the coach. It went down from 1st to 2nd year about $300. Last month we had a total loss on our 2004 Sienna and $26k to the house from the hail storm in Boerne so I'm hoping our rates won't go up to much.

royals1212 05-27-2016 07:33 AM

Austin to Houston Tx flooding again.

MisterT 05-27-2016 09:49 AM

I'm an independent personal and commercial agency owner, full-timing on the road with my family - traveling and working from my coach...

I'll weigh in on my insurance thoughts, from my agency background perspective::angel:

-Insurance Companies are in competition for your business
-They do not want you to quote with other companies
-They rely on enough premium dollars to cover claims costs and business expenses
-Without profit they would not be able to insure you
-They don't always do a good job of helping customers understand the business and
how policy changes and increases are part of the overall business equation
-Because of state regulations, they also don't have an easy job of making information clear and easily communicated to the customer - try reading your policy or last renewal, most of the jargon is required by state laws.
-States each regulate insurance independently - each company has to comply with that state regardless of how it impacts premiums, coverages, or claims.
-Lawyers make much more than insurance companies

blang 05-27-2016 10:18 AM

Especially for full-timers, I'm wondering if having a TX or FL domicile (with tornadoes, floods and hurricanes) is way more expensive for insurance than... say... South Dakota. Last year, I paid Allied about $1700 in insurance for a 2004 40' DP and 2014 Volvo. And the DP insurance is for full-timing. I'm up for renewal in July so it will be interesting to see what they do with South Dakota rates.

Gary.Jones 05-27-2016 10:42 AM

blang

For a number of reasons, I priced coach and cars up in South/North Dakota and Montana, and was amazed that I got some of the highest rates that I received in the whole process a year ago from those states..... the story I got from those quoting is that they had no idea why they were so high in those states, but essentially "that's just what comes out of the computer". Actually Texas and Louisiana were low compared to the upper mid-west.

Mister T: Thanks for comments and contributions. My experience is that when you call many companies, particularly if you call a company which is represented by an 800 number, then you are most likely talking to a "talking head" whose knowledge of the insurance business is limited to what information to put into what box on the computer screen, and when to press the enter key and read out the numbers that the computer spits out", and that is IT. And if you price on-line, you only get what the software programmer was instructed to put into the program, even if it doesn't make any sense. My best experiences have been with agents who have a brain and knowledge and are willing to do as much work as I am doing shopping, to try to land my business. I am happy there are people like you still in the business.

I was able to save at a minimum of $2,000 and as much as $4.5 K by being willing to spend the time to do the leg work. I think most of us motorcoach owners remember the times that you didn't have to pay attention to insurance premiums.... you expected them to go up $20-$30 a year, year after year (and many years there was no increase in premium), and we all stayed with the same company for decades. No more. My experience is that if you don't shop, you are likely throwing your money out the window of the bus as you drive. :eek:

Gary

Gary.Jones 05-27-2016 11:04 AM

Here is what is really bizarre to me... Now I know I bundled everything together so I concentrated most of my insurance in one company, but as I cancelled all my old policies this morning, I realized that my new homeowners policy is with exactly the same company I was with last year (but quoted even a bundled homeowner policy at ~ $1,000 more for the next year than the agent / policy I just started yesterday). I have also discovered that seemingly half the names that we all know and think are unique companies, are actually the same company (Think Progressive...) operating under different names and they quote widely differing costs. Again, the word gambling comes to mind.... :banghead:

Gary

BFlinn181 05-27-2016 11:09 AM

Quote:

Originally Posted by blang (Post 3087714)
Especially for full-timers, I'm wondering if having a TX or FL domicile (with tornadoes, floods and hurricanes) is way more expensive for insurance than... say... South Dakota. Last year, I paid Allied about $1700 in insurance for a 2004 40' DP and 2014 Volvo. And the DP insurance is for full-timing. I'm up for renewal in July so it will be interesting to see what they do with South Dakota rates.

If you factor in the lack of home owner's insurance or property/school taxes, your $1700 isn't too bad. If you are of a certain age, make sure the state you plan to consider home address can cover your medicare or health insurance.

Trapper56 05-28-2016 07:36 AM

One way to reduce cost is to take a safe driving course on line, ARRP and several other companies offer the course at a modest cost and I was able to save about 18%. Remember that all drivers or potential drivers have to take the course to qualify for the discounts.

a73sarge 05-28-2016 08:25 PM

insurance prices
 
Wow I knew I had a low rate but now I'm happier. We are in Boerne Tx as well (missed the storms thank goodness) We have farm bureau as our insurance company, pay $40 year membership and its worth it. Have an 08 cadillac a 2006 silverado hd and a 2016 altima all full coverage $500 ded as well as 2 motorhomes 1 gas 1 diesel also with full coverage and $500 ded plus the house and land and we pay $1428 every six months. I dont do the base or minimums either as I want protection if we get sued or worse. We also just put a bid in on a lake house and my agent said it would add $380 more every 6 mo. I'll keep what I've got!

blang 06-02-2016 09:59 AM

Quote:

Originally Posted by blang (Post 3087714)
Especially for full-timers, I'm wondering if having a TX or FL domicile (with tornadoes, floods and hurricanes) is way more expensive for insurance than... say... South Dakota. Last year, I paid Allied about $1700 in insurance for a 2004 40' DP and 2014 Volvo. And the DP insurance is for full-timing. I'm up for renewal in July so it will be interesting to see what they do with South Dakota rates.

So... here's an update on my post (quoted above).

Allied has raised my premiums about 15%. And I was offered a RV Safe Driving Course discount of about 5% but, as someone else stated, both husband and wife have to take the course. DW says she'll never drive it so I'm not going to hold my breath trying to get her to take the course.

PS: No, I don't have any info on the above mentioned "Course" as I let the matter drop.

JMonroe 06-02-2016 12:25 PM

National Interstate required only me to take the course.

For what it's worth, it took maybe a total of 4 hours (and does not have to be completed in one sitting) and is all online. It's essentially pass/fail and I can't imagine anyone with a driver's license not being able to pass.

I was told the certificate is good for three years.

dcphil_98 06-02-2016 12:52 PM

I have been with USAA almost 50 years. In the past when I needed insurance, investments, banking, etc, I just called them. There was never any question--best deal, best price, best claim service--they had all of my business.

Over the years things have changed. They have dramatically expanded the membership. They have gone to many third parties--mortgages, RV insurance, etc. In my opinion service has dramatically dropped. Customer service is out the window. No on has an answer so they have to put you on hold to find someone with an answer. Three security questions and a phone password later you may finally get an answer.

Several years ago they recommended Progressive (third party.) What a rip off. After they substantially increased my premium (no claims) I went shopping and changed to Allied, a Nationwide Company. Better price and better coverage. Losing my trust in USAA.

Dmiles 06-07-2016 04:15 PM

Quote:

Originally Posted by dcphil_98 (Post 3096780)
Several years ago they recommended Progressive (third party.) What a rip off. After they substantially increased my premium (no claims) I went shopping and changed to Allied, a Nationwide Company. Better price and better coverage. Losing my trust in USAA.

I have National General through Good Sam. Got notice of a 10% increase, no claims, no tickets, excellent credit, paid in full. Gave them a call, and they mentioned some nonsense about the cost of doing business in Virginia going up. (At least they didn't try to blame it on global warming, climate change, hole in the ozone, or whatever the crackpots are calling it nowadays).

Got a quote from Nationwide, just a little over half of what National General was trying to rip me off for. Guess I should thank them for trying to gouge me! Never would have guessed that Nationwide would be that much lower!


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