CaezarVII
CaezarVII t1_jea94ey wrote
Reply to comment by Aggravating_Foot_528 in Auto Insurance Rate Increases 35% Seemingly Overnight, Allegedly Due To PA Rate Hike by Mother_Show8790
Not necessarily true. Geico increased my rate 20% this month but they’re still 20% cheaper than the next cheapest quote I can find. That said, sure, it’s still worth shopping around.
CaezarVII t1_jea8t4s wrote
Reply to Auto Insurance Rate Increases 35% Seemingly Overnight, Allegedly Due To PA Rate Hike by Mother_Show8790
Hi, this happened to me. I live in the PA suburbs 5 minutes outside of Philly city limits. Never have had a ticket or auto claim in my life at 34 y/o. I’m insured with Geico. My six month policy renewed 20% higher this month. I’ve never had an auto policy renew at a higher rate before unless I moved. I called Geico to get an explanation, and they said that they are adjusting the whole state higher to account for increased parts and labor costs.
This isn’t too surprising given that car values are still elevated, inflation is driving up parts and labor, and there’s a shortage of new cars and sub $20k used cars. Also consider that many people have transitioned back to office work and commuting, so insurers probably want to claw back some of the discounts that were given during the Covid WFH era. All of this is driving insurers to repair cars more often after accidents rather than calling it a total loss.
CaezarVII t1_jebcnd9 wrote
Reply to comment by pimpnastie in Auto Insurance Rate Increases 35% Seemingly Overnight, Allegedly Due To PA Rate Hike by Mother_Show8790
Just got a quote from them and it was more than geico. It’s going to be different for everyone.