I noticed that this year, my insurance went up from $1509 per year to $1765 for a 1998 GSR and 1996 Nissan Altima, full coverage, tied in to my home insurance. I called them and they said there was a "rate adjustment" for the GSR (e.g. theft, accident rate increased, etc.) That is a fat increase considering I got a year older, with no tix or accidents, same home address, same everything.

Is this the case for ITR where all of a sudden the rates went up because of the increase of thieving bastards especially for ITRs, and accident rates.

 

Yep, my insurance just went up about 50 bucks a month for no reason too. They said the same thing, it was a rate adjustment...

 

yep, i got the 'rate adjustment' line, too . . . from progressive. mine went from $2400/year to $2700/year. ouch!


[Modified by R1020, 4:16 PM 8/21/2001]

 

Geico nearly doubled mine from 600 to 1200 - with the rate adjustment line. They said it went from a rating of G to one of S - where A is the lowest risk and Z is the highest. My guess is that insurance has either gotten wind of the accident rate or theft rate of the type r. Also, as a percentage of total cars of a given model, integras heve the highest theft rate of any car in America. You've got to thank the honda engineers for making parts so easily interchangeable from integra to the lesser 4 cylinder models. Fugging sucks.

 

I thought my ins. company was just specifically picking on me. Now, it seems my rate increase wasn't as bad. I did some research and these rate adjustments occured just a few months ago according the the CDI (CA dept of insurance).

 

looks like I'll be getting one too from progressive...time to go insurance shopping

 

Looks like all of the import owners will be in the same boat. They are making newer cars harder to steal with the type of chip keys that they are using so we are going to feel the $$$ brunt of it. Sucks big ol donkey @#$% but that is the price we pay for driving imports.

 

I roll a GSR sedan and mine still went up almost $200 this past few months in yearly cost.
unbelievable, but that is what all of the theft and crashes have done to our rates.
it is a direct effect, although it does take a while for them to catch up to us in rate increases compared to how fast the theft rates were increasing.

too bad really... I suppose if my car disappeared or got totalled I would do a hybrid just to save on insurance.

 

If I told you guys what I pay for full coverage insurance in Japan you Would Cry!!!!!!!! For one year it's not anywhere near what you guys pay in the states.

 

Geico smokes the big fat crack pipe d00d!!! They have the highest rates around. I haven't received an increase yet, but my six month term is not up until Dec. Do you have j00r R as a daily driver or recreation vehicle?

 

get AAA insurance
I don't remember how much I pay, but it's one of the cheaper ones out there. (at least it was for me)

 

the major reason that your insurance rates are going up in california is because
almost all of the major insurer's (allstate, auto club, farmers, state farm, 21st century, etc.) had taken a rate increase this year. this is because they had a bad loss ratio from claims. in other words, the companies are losing money to the auto market from frequency of claims. i know this myself because i work in the insurance industry

 

I second Yoshi's suggestion.. I just switched ( 3 weeks ago) to AAA from Farmers and with the same coverage I saved over $800 per year. Your saving probably won't be this dramatic since I have 3 cars tied into this insurance.

 

They did take a rate increase, because they're making less money (not actually losing money, though). From Sunday's New York Times, in an article about increases in homeowner's insurance premiums:

"Insurers have long tried to keep prices low on homeowners' policies as a way to lure customers into their profitable auto insurance business. But the profits on auto policies have shrunk, leading companies to raise auto rates last year and now to insist that home insurance be profitable.

'Now that auto insurance profits are slipping, the auto business can no longer afford to, in effect, subsidize homeowners' coverage,' said Robert Hartwig, chief economist for the Insurance Information Institute, a trade group in New York. 'That's why, along with the rising cost of building materials and an increase in weather-related claims, these rates are going up today and are likely to keep going up for the next several years.'"

 

yoshi,

i tried to get AAA, but i have a tiny no-fault accident on my record, and that's why they wouldn't insure me. so, if you have AAA, and then have an accident, do they drop you?

 

me and my wife paid around $1600 for 6 months on both our cars in Alaska and Geico was the cheapest place for us. When we moved to NM they where gonna raise our rates to $2000 for 6 months. Now that is some ****. Had to switch to USAA just to get a $1200 for 6 month rate. I am definitely in the wrong business.

 

R1020, what city and state are you in? Maybe I can introduce you my AAA agent. She's cool and I'm sure one point is no biggie..

 

i'm in VT . . . waaaay over on the east coast.

 

Well, you got me on this one. Sorry dude..