Progressive uggg

[Jnbmom]

I have been with them for 3 years, just got my renewal polify. It went up 700 dollars a year!!!!! I immediately called them and though it was because of my daughters recent fender bender, they said no that claim was waived,  the damage was under 500. So she proceeds to tell me it is because of insurance rate adjustments in VA and they also evaluated my credit score. I said well my scores are very good and I just got 2 quotes from other companies GEICO and esurance both were about the same price I was paying before the rate hike. So needless to say I am switching , I hate switching but they are ridiculous. 

[Anonymous]

This is interesting because when I called for a rate review Progressive specifically told me they do NOT factor in credit scores for their rates!  f this was the case, I would be looking at saving probably 1k a year!

[Jnbmom]

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@Anonymous wrote:

This is interesting because when I called for a rate review Progressive specifically told me they do NOT factor in credit scores for their rates!  f this was the case, I would be looking at saving probably 1k a year!

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They specifically said there was a change in my credit rating, which was only a few points if that and that was one of the factors for the rate hike .

[pinkandgrey]

Sorry to hear that! Progressive is BY FAR the cheapest for me. I’ve gotten quotes from what seems like every company under the sun, and the next cheapest is still a good $80/month more than Progressive. A little weird to be honest...

[Jnbmom]

Well just got off the phone with specialist which said my credit had ZERO to do with rate increase , hmmm that's not what other rep stated.

So after I told them I was not happy with the rate increase, we went over my policy with a fine tooth comb and what do you know they were able to lower it. It did go up a little but it was in line with the quotes I got from others.

[Anonymous]

I was with Progressive for years, decided one day to get a quote from Geico to see if they were cheaper and they were about $100 cheaper monthly. Immediately made the switch. I use them for my boat insurance as well.

[Andypanda]

It might have to do with the state you live in. Some states prohibit insurance rates to be dependent on credit scores. Most states it is a fac.

[calyx]

There are definitely differences by state. 
I had Liberty (which I was very happy with), but switched to Geico because it was 25% the cost of Liberty for me (same limits).
Now when Liberty calls me to get my business back they mentioned that in my state (NC) they can't get anywhere near Geico (and one other, I can't remember which) rates.

With a brand new car (same style) and limits 3x higher, my premiums are still ~100-200 cheaper every 6 months compared to my partner.  It's interesting.   I'm curious if working in improving my CBIS scores are going to help me at all.  Just because they can use them, doesn't mean they will.

[Anonymous]

@calyx great thread with data point per se. Found myself paying way more in insurance and switched three years ago. Ah, what do I find but a huge increase in rates so I shopped seventeen companies and found I could save around $490 which seemed amazing. So as was said, it is a pain but I switched. Can't believe that with some companies "loyalty" is only a word in the dictionary! Have to believe the cost of acquiring new insureds factors in somewhere?

[CramEiko]

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@Jnbmom wrote:

I have been with them for 3 years, just got my renewal polify. It went up 700 dollars a year!!!!! I immediately called them and though it was because of my daughters recent fender bender, they said no that claim was waived,  the damage was under 500. So she proceeds to tell me it is because of insurance rate adjustments in VA and they also evaluated my credit score. I said well my scores are very good and I just got 2 quotes from other companies GEICO and esurance both were about the same price I was paying before the rate hike. So needless to say I am switching , I hate switching but they are ridiculous. 

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I have seen some things that GEICO offers that othes don't. One such example - If you are in Management your rates drop, education your rates drop, credit your rates drop. So in one conversation with GEICO I saw my rates go up when I mentioned that I had switched careers and was no longer in management. It went up nearly $25-$35/mo. Immediately, I said that I still owned my own company and that I was CEO of my own company and it went back down. Total BS!