4everHis Posted August 27, 2013 Share Posted August 27, 2013 of the Health Care Act ending medicare or medicaid being used for any vehicle accident. Therefore the carriers are raising the rates like this to cover the 'hole'. Anyone else experiencing this or are we being 'had?' Quote Link to comment Share on other sites More sharing options...
DarlaS Posted August 27, 2013 Share Posted August 27, 2013 Ours went up about $100. Same for homeowners. Our company did not feel the need to explain the reason though. They just said "Rates are up now.". Quote Link to comment Share on other sites More sharing options...
MomtoCandJ Posted August 27, 2013 Share Posted August 27, 2013 In Michigan we pay outrageous insurance rates to cover medical (unlimited, lifetime coverage of injuries that occurred in an accident). I think it's BS but we don't have a choice. Quote Link to comment Share on other sites More sharing options...
DarlaS Posted August 27, 2013 Share Posted August 27, 2013 In Michigan we pay outrageous insurance rates to cover medical (unlimited, lifetime coverage of injuries that occurred in an accident). I think it's BS but we don't have a choice. Yes. It is $2000/6 months for 2 cars. One is 2008 and the other 2009. Collision for both is only half of that total. Quote Link to comment Share on other sites More sharing options...
Jean in Newcastle Posted August 27, 2013 Share Posted August 27, 2013 Homeowner's insurance is up. Car insurance is up. Medical insurance is up. And I've been warned that my health-savings-account is about to be axed by the government (this is not a rumor - it was in a letter from the insurance co.) because I save too much money by avoiding taxes on my healthcare. Quote Link to comment Share on other sites More sharing options...
4everHis Posted August 27, 2013 Author Share Posted August 27, 2013 In Michigan we pay outrageous insurance rates to cover medical (unlimited, lifetime coverage of injuries that occurred in an accident). I think it's BS but we don't have a choice. We are in Michigan and this is a very well known national carrier. $400 is a HUGE jump though. Quote Link to comment Share on other sites More sharing options...
4everHis Posted August 27, 2013 Author Share Posted August 27, 2013 Homeowner's insurance is up. Car insurance is up. Medical insurance is up. And I've been warned that my health-savings-account is about to be axed by the government (this is not a rumor - it was in a letter from the insurance co.) because I save too much money by avoiding taxes on my healthcare. All of ours is up too, but this seemed such a huge jump and when dh questioned our 'man' this was the reason he gave. Quote Link to comment Share on other sites More sharing options...
4everHis Posted August 27, 2013 Author Share Posted August 27, 2013 Yes. It is $2000/6 months for 2 cars. One is 2008 and the other 2009. Collision for both is only half of that total. Hi Darla, it's outrageous, I know. Now we're adding teen drivers too. Quote Link to comment Share on other sites More sharing options...
idnib Posted August 27, 2013 Share Posted August 27, 2013 We have Allstate in CA and ours is not up, at least not yet. Quote Link to comment Share on other sites More sharing options...
MomtoCandJ Posted August 27, 2013 Share Posted August 27, 2013 We pay 737 for 6 months through liberty mutual (discount for credit union members) that is pl/ pd plus collision on my '02 Taurus and full coverage on Dh's '00 Chevy Silverado (we have a small loan on it). We don't have any teen drivers (dd is 4) or accidents. Quote Link to comment Share on other sites More sharing options...
mommymilkies Posted August 27, 2013 Share Posted August 27, 2013 AFAIK, ours is the same. Quote Link to comment Share on other sites More sharing options...
4kidlets4me Posted August 27, 2013 Share Posted August 27, 2013 My car insurance went up $30 this year, my homeowners went up $100. That is around the same amounts they went up last year as well. I think $400 sounds outrageous and I'd be shopping around. Quote Link to comment Share on other sites More sharing options...
Night Elf Posted August 27, 2013 Share Posted August 27, 2013 My DH found this article: How Will Obamacare Affect Auto Insurance? Ours hasn't gone up yet. We have Metlife. Quote Link to comment Share on other sites More sharing options...
*lifeoftheparty* Posted August 27, 2013 Share Posted August 27, 2013 We have USAA, and none of our stuff has gone up. Quote Link to comment Share on other sites More sharing options...
zoobie Posted August 27, 2013 Share Posted August 27, 2013 I'd shop around. Insurance companies are for-profit businesses. They'll profit any way they can. Right now blaming the ACA is popular. People will be angry at President Obama instead of the company making the money off them. Quote Link to comment Share on other sites More sharing options...
mamaraby Posted August 27, 2013 Share Posted August 27, 2013 We have Travelers and both the homeowners and auto renewed this month. We pay monthly and the increase was something like $14/mo. A rate hike like yours would have me looking for a new insurance company and (most likely) a new agent. Quote Link to comment Share on other sites More sharing options...
Ellie Posted August 27, 2013 Share Posted August 27, 2013 You've been had. I changed from AllState, which had been going up and up, to AAA, and saved about $1000 a year (homeowner and auto). Nothing was said about O care causing rates to go up. Quote Link to comment Share on other sites More sharing options...
Joker Posted August 27, 2013 Share Posted August 27, 2013 We switched about a year ago because our rates jumped a bit, but with the switch we pay less than $100/month now. They've pretty much stayed the same for the year since we've switched. Our homeowner's insurance hasn't jumped either. We pay little for health insurance monthly but we cannot use it because if we do it's mostly all out of pocket and it's just too expensive. Quote Link to comment Share on other sites More sharing options...
rjand6more Posted August 27, 2013 Share Posted August 27, 2013 When we added ds17 to our policy, it went wayyyyyyy up. Almost doubled for 6 mos! We shopped around and got a policy(very well known carrier) for under what we were paying before. I have not seen a rate increase specifically because of Obamacare. Quote Link to comment Share on other sites More sharing options...
MomtoCandJ Posted August 27, 2013 Share Posted August 27, 2013 Our homeowners hasn't changed, and we have special mobile home insurance. Quote Link to comment Share on other sites More sharing options...
JustEm Posted August 27, 2013 Share Posted August 27, 2013 My car insurance has been the same give or take $10 (it goes up and down depending on time of year) for the last 5 year. We have State Farm. Our home owner's insurance actually went down about $100 last year but that was because they got rid of the $500 deductible for all clients and now only have $1000 deductible. I'm fine with this as long as next year it doesn't get hiked back up to what it was with the $500 deductible (I fear it will) Quote Link to comment Share on other sites More sharing options...
nmoira Posted August 27, 2013 Share Posted August 27, 2013 Neither of ours went up significantly this year. Quote Link to comment Share on other sites More sharing options...
QueenCat Posted August 27, 2013 Share Posted August 27, 2013 We just did our car insurance renewal last month. It went down about $10/month. Our premium for our homeowners went up by about $30/year, which is great, since our home value went up quite a bit (and yes, the insurer is aware of that). Quote Link to comment Share on other sites More sharing options...
klmama Posted August 27, 2013 Share Posted August 27, 2013 Ours went up quite a bit, too. Dh has called around and not found a cheaper rate. Quote Link to comment Share on other sites More sharing options...
Pretty in Pink Posted August 27, 2013 Share Posted August 27, 2013 We have car and renter's insurance through USAA and ours has not gone up at all. Quote Link to comment Share on other sites More sharing options...
twoxcell Posted August 27, 2013 Share Posted August 27, 2013 None of our insurance rates have increased and I have never heard of anything like that. Quote Link to comment Share on other sites More sharing options...
Wheres Toto Posted August 27, 2013 Share Posted August 27, 2013 Liberty Mutual and it has not gone up. We have a leased 2013 Honda Accord, a 2007 Jeep Liberty with a loan, and a paid off Suburban with just the minimum required coverage. Oh yeah, and a teenage driver. We pay $2,800 per year and that's actually cheaper than when we had NJ Manufacturers (which is theoretically only open to certain people and is supposed to be the cheapest). Quote Link to comment Share on other sites More sharing options...
Pawz4me Posted August 27, 2013 Share Posted August 27, 2013 I searched and searched for this supposed change and I can't find anything that says that. I searched, too, and came up with nothing. Quote Link to comment Share on other sites More sharing options...
Jane in NC Posted August 27, 2013 Share Posted August 27, 2013 Our automotive insurance went down a few bucks on the last go around. Homeowners and flood insurance are going up because I am coastal. While many politicians don't acknowledge climate change, the insurers are preparing for more hurricanes. (Small point for clarity: flood insurance is a federal program since private insurers won't risk it.) Quote Link to comment Share on other sites More sharing options...
ChocolateReignRemix Posted August 27, 2013 Share Posted August 27, 2013 of the Health Care Act ending medicare or medicaid being used for any vehicle accident. Therefore the carriers are raising the rates like this to cover the 'hole'. Anyone else experiencing this or are we being 'had?' You are being had. Quote Link to comment Share on other sites More sharing options...
mommymilkies Posted August 27, 2013 Share Posted August 27, 2013 It sounds like they're just using that as an excuse, because I can not find a single reputable source on this anywhere. Quote Link to comment Share on other sites More sharing options...
4everHis Posted August 28, 2013 Author Share Posted August 28, 2013 You've been had. I changed from AllState, which had been going up and up, to AAA, and saved about $1000 a year (homeowner and auto). Nothing was said about O care causing rates to go up. That's who we have Ellie. Off to let dh know. Quote Link to comment Share on other sites More sharing options...
4everHis Posted August 28, 2013 Author Share Posted August 28, 2013 Thanks ladies. It's always nice to have a large pool of information to pull from. My dh appreciates you're taking the time to answer. =) Quote Link to comment Share on other sites More sharing options...
bettyandbob Posted August 28, 2013 Share Posted August 28, 2013 state farm here. No change in our rates. ETA : I think blaming an increase in car ins rates on Obamacare is just the car ins company picking an easy excuse Quote Link to comment Share on other sites More sharing options...
melmichigan Posted August 28, 2013 Share Posted August 28, 2013 That's who we have Ellie. Off to let dh know.Funny we switched to Allstate 6 months ago because it was cheaper, and it goes down again with my renewal in a week. MIL was with AAA and switched too. Weird. Quote Link to comment Share on other sites More sharing options...
Joker Posted August 28, 2013 Share Posted August 28, 2013 Allstate is who we were with when we switched (we had been with them for more than 10 years and had zero claims). They raised our rates significantly and since my dh is in the insurance business he knew it was bogus. We're saving a lot of money now that we switched and I actually wished we had done it earlier. Quote Link to comment Share on other sites More sharing options...
sbgrace Posted August 28, 2013 Share Posted August 28, 2013 About 1.5 years ago we had our car insurance rates go up (Progressive) significantly. The homeowners was with another company (AutoOwners) and didn't change. Progressive just said the costs went up in our location. We switched to State Farm. There have been no changes to our homeowners or auto with State Farm. I'd price new companies. Quote Link to comment Share on other sites More sharing options...
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