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Frequent Contributor
xiownthisplacex
Posts: 254
Registered: ‎08-29-2011

Auto Insurance

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‎12-26-2012 08:26 AM

I'm insured with Amica, which gave me the best rates last year. Today I received my renewal policy and noticed that it is going up $365 a year! I have no claims, accidents or tickets, ever. 

I called them up to find out why it is going up. I was told that the company had lost $7,000,000 this year in the state of FL due to Fraud and that their rates will be going up as a result. Is this normal??

Starting Score Myfico EQ: 676 08/11/2011
Current Score: Citi EQ Pull: 745 Walmart TU08: 750 AMEX EX Pull: 745 1/21/2013 Goal Score: 780+
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NPSL$1,000$9,500$9,500$5,000$5,000$5,500$6,500$5,300$9,000$5,500$4,200$1,200$1,900$1,600
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Established Contributor
bettercreditguy1
Posts: 653
Registered: ‎02-11-2012

Re: Auto Insurance

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‎12-28-2012 04:15 AM

Not totally aware of their plight, however almost all insurance companies raised rates this year. It was as my agent said "The Year of The Insurance Company". My business insurance and personal lines each increased more than inflation.

Starting scores 01/ 02/2012 EQ 707 TU 733 EXP 735 (FAKO)
Updated scores 05/01/2013 EQ 761 TU 780 EXP 788 (Exp. equivalency)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
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Valued Contributor
fishbjc
Posts: 2,697
Registered: ‎11-30-2007

Re: Auto Insurance

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‎12-28-2012 06:21 AM

My rates went down almost $300/year.  I'm in OH, but that makes me happy!!!!

 

EOS CCA, COX COMMUNICATIONS, MEDICAL, CURVES, CALVARY, GAS AND ELECTRIC COLLECTIONS....GONE

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