Insurance premium spikes

[tha_bandit]

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This is the first time in over a decade of driving that I have seen someone come in under TD when shopping around.

yea all the quotes i get are almost 30% higher vs TD

[killramos]

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yea all the quotes i get are almost 30% higher vs TD

I’m just waiting to find out what the catch is going to be. I am months away from renewal in any case.

[BokCh0y]

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i've never seen td come in competitive, ever.
Aappppeega or not.

fact

[ThePenIsMightier]

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This is the first time in over a decade of driving that I have seen someone come in under TD when shopping around.

Me too.
1-2 years ago tHe pErSoNnal was something like 80% more for my house.

[M.alex]

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Hagerty has the pay for what your value your car, within reason.
Basically a self appraisal program which is good.
They emailed to say, re assess based on 2023 pricing.

I imagine it holds flat because of the agreed-value, but I would have expected it to go up a little bit over time. Yet the very first vehicle I insured under it (65 cobra i built 15yrs ago ... although back then it was a different company (Silver Wheels I think) that got bought and then bought again before it landed at Hagerty) is still the same cost as it was 15yrs. Not that I'm complaining!

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Well, have you gotten otehr quotes? There's at least 8 good quality insurance companies out there. I recommend talking to at least one broker and at least 1 other large insurer to price-check things.

Havn't had the time, I was just curious if everybody was getting hammered with price increases this year because of some industry changes or something (I have never had an accident or any tickets, so 50% seemed really out of place)

[shakalaka]

Fuck I really need to pay closer attention to what I pay for these things so I can actually keep track when they go up or down. lol

[ExtraSlow]

My renewal with intact was a modest increase before I made voluntary additions to the coverage.

[killramos]

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Fuck I really need to pay closer attention to what I pay for these things so I can actually keep track when they go up or down. lol

You can’t check your billing records?

[heavyD]

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This is the first time in over a decade of driving that I have seen someone come in under TD when shopping around.

Something is up with TD as I received some quotes just last week that are in the neighborhood of 20-30% lower than what I pay with TD. They used to offer good rates but they jacked our rates a few years ago and no longer seem as competitive. Anyone dealt with The Personal? ASET has teamed up with them and they came in lower than TD for my house and vehicles.

[M.alex]

I spoke w/ Aviva and they blamed Alberta, saying everybody's rates are going up here substantially at this year's renewals because of changes in liability.

There was a note on my documents about 'premium capped at grid level' and I inquired about that and they were like 'Expect more increases next year because Alberta'

Grrrr, time to start hunting.

[Tik-Tok]

That's the new DCDP "not no-fault" system. Though I seriously doubt anyone will actual get lower premiums as the graphic suggests.

[mr2mike]

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Fuck I really need to pay closer attention to what I pay for these things so I can actually keep track when they go up or down. lol

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You can’t check your billing records?

Not everyone on here works in the PowerPoint industry.

[M.alex]

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That's the new DCDP "not no-fault" system. Though I seriously doubt anyone will actual get lower premiums as the graphic suggests.

I spent a few hours shopping around and everybody was pretty much +/- $150 around Aviva's price for the same coverage.

All the line items were the same cost as last year, except for liability.

I spent some time reading about DCDP and if I understand it, previously for liability your insurer did not care what you drove since they only had to pay for what you did to somebody elses car. Now that they have to pay for your car in a no-fault, they care what you drive. And since the mustang rate group is probably above average since mustangs like to crash a lot, they assume I'm going to crash a lot and my liability goes up. At least that's my take if I understand it right.

[mr2mike]

@Masked Bandit maybe can confirm your summary?

[rage2]

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I spent a few hours shopping around and everybody was pretty much +/- $150 around Aviva's price for the same coverage.

All the line items were the same cost as last year, except for liability.

I spent some time reading about DCDP and if I understand it, previously for liability your insurer did not care what you drove since they only had to pay for what you did to somebody elses car. Now that they have to pay for your car in a no-fault, they care what you drive. And since the mustang rate group is probably above average since mustangs like to crash a lot, they assume I'm going to crash a lot and my liability goes up. At least that's my take if I understand it right.

This is the correct take. My Sentra went down in liability premiums.

[Masked Bandit]

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@Masked Bandit maybe can confirm your summary?

What would you like me to confirm? I'd be happy to comment on specific questions but there isn't much of anything I'm going to tell the group that will make everyone happy.

[ExtraSlow]

Driving nice cars is expensive? Mustangs crash a lot?

[max_boost]

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This is the first time in over a decade of driving that I have seen someone come in under TD when shopping around.

All state wouldn’t insure me , hagerty also said no and didn’t know where to go but td auto insurance online was so dope, bang bang and done.

Td worked good for me

[2Legit2Quit]

Alberta advantage go brrrrrrrrrrrrrr

[The Cosworth]

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This is the correct take. My Sentra went down in liability premiums.

.... wait.... you have a Sentra? Is that a nickname of some special Mercedes model?