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Insurance just went up wtf?

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Old Feb 12, 2014, 08:25 PM
  #16  
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Originally Posted by DeeezNuuuts83
You figure that for your average car accident, an insurance company has to have maybe ten other clients who do not end up making a claim just to break even from that one client's incident.
This isn't really telling it all though.. Insurance companies invest your money in "stocks and bonds, real estate holdings and precious metals in order to cover the cost of business and insurance claims."

From:
http://www.ehow.com/video_4982874_in...utm_source=ask

See also:
http://www.ehow.com/how-does_4564495...eir-money.html

http://www.maynardkeynes.org/insuran...investing.html
Old Feb 12, 2014, 08:47 PM
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But premiums fund it, and ultimately are the source of how stuff gets paid for.
Old Feb 12, 2014, 10:08 PM
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Originally Posted by dr_latino999
You know, same thing happened to me with USAA. Just noticed it on Sunday, up $40 over 6 months here.
I know right? No letter, just numbers that looked higher than normal on the website....pretty jacked up if you ask me, not saying this is great but im glad im not the only one noticing.......
Old Feb 12, 2014, 10:38 PM
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I have an '03 evo and my insurance premium also went up. When I questioned them about it, they said they're data was gathered using "crash test ratings and parts availability/pricing" so yeah, in a way were being punished for driving an 11 year old sports car. At least the car is totally worth the increase
Old Feb 13, 2014, 04:07 AM
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I had USAA as well and switched over to Geico because it went up.

I'm in the same boat as you. No accidents or tickets.
Old Feb 13, 2014, 05:24 AM
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AAA insurance been pretty good to me. Right around $1500 a year for my 2006 evo ix.
Old Feb 13, 2014, 06:44 AM
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Texas - 161 a month for insurance age 24, 1 wreck but I rebuilt the car, next month that wreck will go away so just waiting to see where I will be at. And I turn 25 next month
Old Feb 13, 2014, 08:16 AM
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Originally Posted by Alpha X
I had USAA as well and switched over to Geico because it went up.

I'm in the same boat as you. No accidents or tickets.
I'd go elsewhere, but I remember a while back Geico was dropping people who were using their Vehicles in Competitive "High-Risk Environments."
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