Very Happy With My Rates

Discussion in 'Auto Insurance Forum' started by kellyfrost, Jan 6, 2017.

  1. KenP
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    KenP Well-Known Member

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    I'm in the great state of Florida where the wonderful no-fault laws make auto insurance premiums a nightmare. Even so, cutting comprehensive from $500 to a $50 deductible was negligible in premium cost and made a world of difference to me when I had to file a $1700 vandalism claim

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    Collision is virtually always more expensive to reduce than comprehensive because of the average frequency and severity of a collision claim. That said, with the already very low rating factors used for your premium, I can't imagine it'd be very expensive at all. If it costs you, say, $45 a year to reduce the deductible to $50, then a single claim in 10 years already puts you ahead.

    That said, if coming up with $500 on a whim for an unexpected accident is no big deal to you, it's understandable to not bother to look into changing the deductible at all
     
  2. KenP
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    KenP Well-Known Member

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    I'd just take a look at the timeline. If it's a $50 premium difference annually for $450 smaller deductible, you have one claim in 9 years and you're coming out on top.
     
  3. VolAgent
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    VolAgent Well-Known Member

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    Food for thought...

    A $50 deductible is basically going to be begging you to file claims.
     
  4. kellyfrost
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    kellyfrost Active Member

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    That is really good to know and makes me feel even better about my premiums!
    Are you familiar with American National Insurance Co. ?
     
  5. kellyfrost
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    kellyfrost Active Member

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    Just received my renewal rates from American National. While my premium did go up $26.00 I am still very happy with my rates:



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  6. indienoise
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    indienoise Well-Known Member

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    You are very fortunate. Still a great rate, and nowhere close to the double digit rate increases in auto we are seeing in SC.
    You might consider increasing your rental reimbursement. 25/day will barely get you a subcompact rental car. Unless the rental is not really a concern.
     

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