Need an explanation of why insurance would jump more than $300.00 in a year Please. No accidents, no claims, no address changes, no rig changes.I have a month to make a decision so will be making a serious review and will hope for some serious imput from CW GMAC insurance. I do not expect the price to stay the same but feel the jump is way excessive.
Would appreciate a reply within a week.
Thanks
SomedayisNow, are you a fulltimer?
My wife had a lengthy discussion with them regarding the hike.
She is very good and really covered all the bases.
It would be great if it were as easy as finding a new insurance company, and that might work in NC, but it is not likely to work in FL
Florida "Had claims that required them to increase their rates" they said.
The only sure way to get out of paying these exorbitant rates, is to stop driving or RV'ing.
The only other thing, but minor, is some new discounts for GS members and ERS.
Rates are also higher based on age.
I am 75 wife is younger, by changing her to primary driver she saved us about $65.00 per 6 month period. It is a major plus for us that we both drive our rig.
If you come up with anything, please share.
After 8 years, I dropped GMAC GS insurance like a hot potato. The rates were exorbitant and getting worse rapidly...and that is with no claims, no tickets, no accidents. I easily found better insurance for half the cost. I will not be doing business with GMAC again due to their ripoff rates. I wonder why it took me so long to wake up and realize that there are much better choices than GMAC.
Thanks for the posts. In general, any insurance company may adjust their rates based on their loss experience in an area. Unfortunately, many good drivers may end up paying the costs for other drivers who aren't as careful. Because rates do change frequently, and sometimes significantly, it is recommended that most should compare insurance rates every couple of years.
Good Sam now has an agency that represent most of the top RV specialty insurance companies. We would be happy to perform a rate comparison for you. Just email me your name and address and I will have one of our agents work up the comparison and contact you with the results.
Quote: Need an explanation of why insurance would jump more than $300.00 in a year?
Pull out that multiple page printed policy you have. You will most likely find the statement that the price quoted is good for one term of your insurance policy. A very old trick of the trade to get your business.
Be wary of any insurance company quoting you a lower rate to get you to go with them. THE most prevalent problem with this practice is buried in the policy is the term that states the rate price is good for one year only. I have met many people who have switched and found themselves with a giant increase after one year. And sure enough buried in the 4 or 5 page legal jargon of the policy is the statement the rate is good for one term of the policy.
Many seniors on fixed incomes are looking to switch to save money and are finding their rate skyrocket after the first year. AARP,GMAC, etc to name a few advertising lower insurance rates, is guilty of doing this as are many others. Many people jump at the chance for lowering their insurance rate and do not sit and read the ENTIRE policy of the company offering a lower rate and they are not obligated to tell you up front as long as it is written in the policy.
"We must be willing to get rid of the life we've planned,
so as to have the life that is waiting for us".
I wish my jump was only $300. Just got my renewal and my rate went up $1200 for the year. Called and they said just that there was a rate increase and that is the rate. I don't think so!!
Reasearching other companies now. We are full timers with less than 7,000 miles per year average on our vehicles. This is so frustrating, an excellent driving record for years for both of us, no liquor consumption, pay our bills on time, & well experienced with the equipment we use. Since the insurance is nation wide, why does the state we home base in have any thing to do with the rate. Why not base it on the entire nation as a whole?
SomedayisNow wrote: Reasearching other companies now. We are full timers with less than 7,000 miles per year average on our vehicles. This is so frustrating, an excellent driving record for years for both of us, no liquor consumption, pay our bills on time, & well experienced with the equipment we use. Since the insurance is nation wide, why does the state we home base in have any thing to do with the rate. Why not base it on the entire nation as a whole?
Keep in mind there are not that many reinsurers in the world. Many of them reinsure in different industries and all major and minor carriers are reinsured by these few.
Say if they start getting hit on the health insurance side due do law changes beyond their control maybe they have to make it up on the auto or property divisions.
Someone (usually those with money or can borrow it) has to pay for those free lunches since we are told there are no such things as a free lunch.
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