So last November I had a lighting-strike-twice string of bad luck. First my car was stolen, then a few weeks later the catalytic converter on the car I was borrowing (and insuring) was stolen. Both of those claims ended up being over $1k.
So fast forward to today, I'm feeling good since the claim process was fairly painless and I've been with the company for almost 10 years without any accidents or claims of any kind until these. But then I got my renewal notice. The company is progressive btw
I had been paying $700 for 6mo but now it was going up to an absurd $1530! More than doubling! I called them and talked with multiple people, and they go and on agreeing it's not my fault and acknowledge that the claims count for "zero points". But the only thing they actually did was add education and industry discounts which took off a measly $100. But essentially I was screwed until the claims dropped off in three years!
The strangest part is that I called a competing company and told them everything up front. About the claims and all the details. And the final price was close to the $700 that I was originally paying with all the same coverages and a lower deductable
So obviously I'm switching, but it just seems crazy that progressive can possibly justify a 100%+ rate hike on a customer that's been paid in full for almost a decade. And their competitor with the same information can come in at $850 cheaper. Is hoping companies like this pretty standard? It almost seems encouraged considering the financials
Submitted February 16, 2021 at 02:16AM by jonmon6691 https://ift.tt/3u0p7pD
