Just got a renewal notice from Geico and they raised my rates by 75% starting in December. I was able to switch to Liberty Mutual and get it back down to close to where Geico was (for a year).
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That's worrisome. We are with Geico and just reached one year of ownership. I wonder if we're all going to see a rate hike due to exorbitant body repair costs and the frequency with which damaged cars are declared to be totaled.
----a few minutes later----
Wife handles car insurance. I just checked and our coverage renewed a few weeks ago with no rate increase.
Hold on folks... Tesla insurance should be dropping.
Tesla has awesome safety and there are hardly any serious injuries to treat. Medical care is far more expensive than car repair, and consequently Tesla cars ought to be costing insurance companies a lot less than other brands.
Something doesn't sound right...
I have Encompass w/ agreed value, which is a policy for high end cars. $500 deductible, 250/500 coverage w/ glass and I pay $1,098 per year. And if the car gets totaled, I am reimbursed the agreed value (purchase price), not the depreciated value. I guess I must be getting quite the deal, eh?
Hold on folks... Tesla insurance should be dropping.
Tesla has awesome safety and there are hardly any serious injuries to treat. Medical care is far more expensive than car repair, and consequently Tesla cars ought to be costing insurance companies a lot less than other brands.