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SpiritualCatch6757 t1_iye7xz6 wrote

I don't buy the "inflation is going up" and "chip shortage increasing costs for parts" excuses the insurance agents give. This is the same refrain given for the past 3 decades since I've been driving with slightly different words.

They will increase your rates because they can and they think you will just pay it. They strike random people despite many including the insurance agents themselves saying the system sets the price, not them.

You vote with your dollars. Go find a competitive insurance. Case in point, my insurance went down the last two premium periods with Geico. I read plenty from people with Geico saying it went substantially higher. Two years ago, my insurance went up substantially when inflation was very low. I switched to Geico.

Good luck, OP.

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jdlc1406 OP t1_iye8gdm wrote

That’s my assumption too. I’m just not buying it. Costs go up yeah but 26% sounds out of line.

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vettewiz t1_iyeauk1 wrote

I’m confused what’s hard to buy about there being legitimate supply chain and price increases on parts and labor?

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SpiritualCatch6757 t1_iyehy6l wrote

It's not hard to buy. I just don't buy it. And if one uses the same excuse year after year, it gets old. This time is different? Okay, you can accept that if you like. I will go get new quotes.

I get it, costs go up every year. I expect to pay an incremental cost increase every year. But not 26% as OP indicated.

Edit to add: And if it is industry wide why did my insurance go down $4 last month while OP's went up? No change on my end except everything is a year older so it kind of makes sense it goes down a bit.

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vettewiz t1_iyei613 wrote

Getting new quotes is totally smart. But, 26% is quite honestly a reasonable jump given the current economic climate.

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