Has anyone with this company had a significant insurance increase? Mine went up $180 for the year! I called the office and they gave me some BS about sports cars in the 90's being considered high-risk?!
Insurance Increase - Lant/Hagerty/Silverwheels
- Thread starter SupraTT
- Start date
Yup, mine went up this summer.
Still a drop in the proverbial bucket of life though.
Still a drop in the proverbial bucket of life though.
All these drops eventually cause our buckets to over-flow LOL
Upgrade to a bigger bucket.
Could the higher premium be a by-product of the increased value/cost of the NSX and/or parts to repair it?
This could be one of those unintended consequences to values rising...what's my car worth?
My GEICO is still stupid cheap
How much of an increase are we talking about? My premiums are set to renew Jan next year. I just did a quote online for the same value I am getting right now and it's saying $1300. My current premiums are about half. This is stupid if the insurance companies are trying to hike the rates just before the liberal government promises to reduces them.
The appreciation value of the car has nothing to do with the rates, atleast with my current policy. The "agreed replacement value" on my car has remained fixed at $45,000 for 4 years. Its just another way for the insurance to screw us.
- Joined
- 10 April 2012
- Messages
- 487
Mine also went up by roughly 160 or so. When we asked they just said it's going up everywhere. All policies. It's cheap enough that I won't make a big deal but it is stupid that it has to go up when we agreed on a price per value. Why are they allowed to increase just like that
All rate increases are approved by the FSCO.
same here
honestly, i feel like it has to be some sort of mistake and my rates will shoot up next year. the nsx portion is $330 a year right now, it's less than my wife's 2010 subaru legacy.
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$12/month?
You might want to take a look at your coverage, I'm paying $70 a month with $1000 deductible.
oops, did the math wrong. It's $330 a year for the NSX so $27.50 a month. 500k/500k for bodily injury and under/uninsured motorist, 250k property damage, $500 deductible on comp & collision. I'm also only 28. Maybe it's a location thing...
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Just got my renewal docs. Premiums went up $300, damnit :frown:
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