insurance rate going up

chris227 · 06-20-2016, 07:50 PM

Just noticed on my renewal next month my insurance is going up $40 dollars/ per month $260/ 6 month. I have geico by the way. My 16 camaro and my wife's 06 altima are the only cars on the plan. curious as to why this was happening i called them. I was told a report on the 2016 Camaro had come out and was not favorable based on mechanics and repair cost. also rate of accidents involving 2016 camaros. Has anyone else had their rates go up during the past month or so? I've never had a accident haven't had a ticket in about 6 yrs and even then did defensive driving to keep it off my record. I'm in Texas so have no idea if it's playing a factor in this. Just wanted to see if anyone else has come across this. Thanks

DenverTaco07 · 06-20-2016, 07:51 PM

40 dollars per...?

month...six months?

angelbones · 06-20-2016, 08:08 PM

Insurance rates are ALWAYS going up. That said, I just got into my Camaro and my rates went up $90 every 6 months. Considering I was in a Turbo 4 BMW to a big honking V8, I can live with that.

Lazruss · 06-20-2016, 08:45 PM

My rate went DOWN $140 for six months when I traded my 2010 for 2016.

jasonsk287 · 06-20-2016, 08:51 PM

That's crazy. I also have Geico. I quoted a 2016 Camaro for fun online and with the same coverage, it says my premium would go down $8 every 6 months (so basically the same). That being said, I'm not sure what the increases would be from term to term with the 6th gen itself, but to trade up for me it would go down very slightly. Comparatively, I checked out an Accord coupe (I know it doesn't measure up but I wanted to see what the insurance was), and that would raise it $100 per 6 month term! I know it's because the Accords are stolen frequently, but it still surprised me a bit.

I was going to say I wonder if location plays a role; but then again I'm in NY and we're known for high auto insurance here...

I would think Texas would be cheaper overall when comparing apples to apples.

chris227 · 06-20-2016, 08:53 PM

Quote:

Originally Posted by DenverTaco07

40 dollars per...?

month...six months?

Sorry should of made it known. $40 per month. I'm 43 yrs old and have never had my I insurance jump like this.it went up $14 a month when I traded my 2010 camaro and got the 16, but that was expected.

DenverTaco07 · 06-20-2016, 09:02 PM

40 per month...wow, that would get me shopping for sure.

Glen e · 06-20-2016, 09:39 PM

Mine up $10 a month - allstate

MAtRiX_757 · 06-20-2016, 10:16 PM

I have GEICO as well. Mine went up a whole $0.05 those bastards!

SpookShow'84 · 06-20-2016, 10:20 PM

How do you think they're paying for that unending barrage of high end TV commercials? Time to start shopping.

chris227 · 06-20-2016, 10:26 PM

Quote:

Originally Posted by MAtRiX_757

I have GEICO as well. Mine went up a whole $0.05 those bastards!

Congratulations

LesBaer · 06-21-2016, 06:56 AM

They probably made that reason up. States also impact increases. So do the cost of repairing damages on average overall to all cars, not just accidents. For example, if all of a sudden there are 50% more people driving MB's in your area and you still have a Camaro, your rate will go up.

Geico is also notorious for low balling you to get you on as a customer, then raising rates. I had Geico for years and years and just kept blindly renewing like a fool for as long as I can remember. I finally switched everything to Liberty Mutual two years ago (homeowners, the cars, and umbrella) and literally cut my annual insurance premiums down by more than half while even increasing some of my coverage. Geico couldn't even match it. LM is a reputable insurance company that's making an aggressive push to gain market share by offering better rates...that's the same thing Geico did when they weren't the giant they are now.

jdasnt3 · 06-21-2016, 07:02 AM

Nothing for us so far. Our insurance stayed fairly consistent over the years with our 2 CA5's. We use USAA, and I highly recommend it if you are a vet or have parents that were vets and placed you on the policy.

Bradl1982 · 06-21-2016, 07:16 AM

They had a story on the national news last night saying rates nationwide are going up. They blamed it on lower gas prices=more people driving=more accidents.

06-20-2016, 07:50 PM	#1
chris227 Drives: 2017 Corvette Grand Sport Join Date: Aug 2009 Location: Sherman,Texas Posts: 845	insurance rate going up Just noticed on my renewal next month my insurance is going up $40 dollars/ per month $260/ 6 month. I have geico by the way. My 16 camaro and my wife's 06 altima are the only cars on the plan. curious as to why this was happening i called them. I was told a report on the 2016 Camaro had come out and was not favorable based on mechanics and repair cost. also rate of accidents involving 2016 camaros. Has anyone else had their rates go up during the past month or so? I've never had a accident haven't had a ticket in about 6 yrs and even then did defensive driving to keep it off my record. I'm in Texas so have no idea if it's playing a factor in this. Just wanted to see if anyone else has come across this. Thanks Last edited by chris227; 06-20-2016 at 08:58 PM.

06-20-2016, 07:51 PM	#2
DenverTaco07 Drives: 2017 SS 1LE, 2017 Volt, 2013 Pilot Join Date: May 2014 Location: Colorado Posts: 4,274	40 dollars per...? month...six months? __________________ 2017 SS 1LE \| HBM \| Vortech V3-Si supercharger (620RWHP and 575ft lbs) \| PDR \| Black Bowties \| Illuminated Front Black Bowtie \| Illuminated Door Sills \| Smoked Tails \| vented seats mod

06-20-2016, 08:51 PM	#5
jasonsk287 Drives: 2012 Camaro 1LT Join Date: Dec 2010 Location: Long Island, NY Posts: 404	That's crazy. I also have Geico. I quoted a 2016 Camaro for fun online and with the same coverage, it says my premium would go down $8 every 6 months (so basically the same). That being said, I'm not sure what the increases would be from term to term with the 6th gen itself, but to trade up for me it would go down very slightly. Comparatively, I checked out an Accord coupe (I know it doesn't measure up but I wanted to see what the insurance was), and that would raise it $100 per 6 month term! I know it's because the Accords are stolen frequently, but it still surprised me a bit. I was going to say I wonder if location plays a role; but then again I'm in NY and we're known for high auto insurance here... I would think Texas would be cheaper overall when comparing apples to apples. __________________ 2012 Camaro 1LT Summit White/Black Rally Stripes Ordered 8/21/11, built 9/22/11, delivered 10/7/11

06-20-2016, 09:02 PM	#7
DenverTaco07 Drives: 2017 SS 1LE, 2017 Volt, 2013 Pilot Join Date: May 2014 Location: Colorado Posts: 4,274	40 per month...wow, that would get me shopping for sure. __________________ 2017 SS 1LE \| HBM \| Vortech V3-Si supercharger (620RWHP and 575ft lbs) \| PDR \| Black Bowties \| Illuminated Front Black Bowtie \| Illuminated Door Sills \| Smoked Tails \| vented seats mod

06-20-2016, 09:39 PM	#8
Glen e Retired from Car mfrs.... Drives: 2LT RS/HR-V Join Date: May 2013 Location: /Fort Lauderdale Posts: 10,044	Mine up $10 a month - allstate __________________ Glen CLICK HERE for detailing a new car: detailing for non detailers CLICK HERE for how to rinseless CLICK HERE for EASY wheel sealant

06-20-2016, 08:08 PM	#3
angelbones Drives: Hyper Blue 2SS w/Ceramic Int, NPP Join Date: Apr 2016 Location: Florida Posts: 122	Insurance rates are ALWAYS going up. That said, I just got into my Camaro and my rates went up $90 every 6 months. Considering I was in a Turbo 4 BMW to a big honking V8, I can live with that.

06-20-2016, 08:45 PM	#4
Lazruss Drives: 2016 2SS Join Date: May 2015 Location: Michigan Posts: 30	My rate went DOWN $140 for six months when I traded my 2010 for 2016.

06-20-2016, 10:16 PM	#9
MAtRiX_757 Drives: 2016 Camaro 2SS Join Date: Jun 2015 Location: Virginia Beach, VA Posts: 74	I have GEICO as well. Mine went up a whole $0.05 those bastards!

06-20-2016, 10:20 PM	#10
SpookShow'84 Bump in the night Drives: '84 Monte Carlo SS, '15 Optima Join Date: Oct 2015 Location: U.S.A. Posts: 744 View My Garage	How do you think they're paying for that unending barrage of high end TV commercials? Time to start shopping. __________________ https://youtu.be/Acui13Vz5Lk

06-21-2016, 06:56 AM	#12
LesBaer FMPG Drives: 2016 2SS Join Date: Dec 2015 Location: CT Posts: 1,888	They probably made that reason up. States also impact increases. So do the cost of repairing damages on average overall to all cars, not just accidents. For example, if all of a sudden there are 50% more people driving MB's in your area and you still have a Camaro, your rate will go up. Geico is also notorious for low balling you to get you on as a customer, then raising rates. I had Geico for years and years and just kept blindly renewing like a fool for as long as I can remember. I finally switched everything to Liberty Mutual two years ago (homeowners, the cars, and umbrella) and literally cut my annual insurance premiums down by more than half while even increasing some of my coverage. Geico couldn't even match it. LM is a reputable insurance company that's making an aggressive push to gain market share by offering better rates...that's the same thing Geico did when they weren't the giant they are now. __________________ Ordered 3/8/16- NFG/Ceramic White, M6, MRC, NPP, 6 pots, blk blade, no sunroof, blk splitter, blk bow ties, dark tails, nav. ARH 1 7/8" ceramic coated full sys w/NPP; Maggie 9.2psi (85mm); Jannetty rough idle cam(TSP), tune and LT4 fuel system; Forgeline VX1 Black PVD (20x10,11); R88R 315's; ALPriority; BMR rear arms, bushings, DS loop; RF intake (red); nGauge 93 octane: 712rwhp, 654rwtq / E85 (E66 mix): 734rwhp, 674rwtq (SuperFlow Dyno)

06-21-2016, 07:02 AM	#13
jdasnt3 Drives: 18 Silverado 1500 Join Date: Dec 2015 Location: Bradenton, FL Posts: 1,721	Nothing for us so far. Our insurance stayed fairly consistent over the years with our 2 CA5's. We use USAA, and I highly recommend it if you are a vet or have parents that were vets and placed you on the policy. __________________ 16 Red Hot 2SS A8: NPP, CAI Cold air, Ported TB, Fasterproms Ported intake, E85 flex, Formatto tuned. 11.80@118 with 1.92 60' (600-700 DA) on stock run flats.

06-21-2016, 07:16 AM	#14
Bradl1982 Drives: 17 Camaro 2SS Join Date: Jan 2012 Location: Belleville, IL Posts: 205	They had a story on the national news last night saying rates nationwide are going up. They blamed it on lower gas prices=more people driving=more accidents.

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