Am I paying too much for insurance

Swerny wrote: ↑ that looks dirt cheap to me.

engineered wrote: ↑ I was paying $765/yr on our Q5 and $725/yr on our 3-series, but the Q5's renewal just came up and it jumped to $925/yr... wtf? Do I have Drug Ford to thank for this?
I pay $874/yr on home insurance.

None12 wrote: ↑ I posted this in another thread but apparently they've increased rates, within guidelines as they're trying to make up for losses incurred. My insurance went up 30% for auto alone.

Also many companies have reduced the multi policy discount, Aviva also removed loyalty discounts and are now charging for things that were once free.

If you're at renewal I highly suggest shopping around, though to be honest all companies have raised their rates substantially. I think I'm going the direct insurer route as it was the cheapest option for me.

None12 wrote: ↑ I posted this in another thread but apparently they've increased rates, within guidelines as they're trying to make up for losses incurred. My insurance went up 30% for auto alone.

Also many companies have reduced the multi policy discount, Aviva also removed loyalty discounts and are now charging for things that were once free.

If you're at renewal I highly suggest shopping around, though to be honest all companies have raised their rates substantially. I think I'm going the direct insurer route as it was the cheapest option for me.

TomLafinsky wrote: ↑ It is pretty useless to mention how much you pay for your house. Insuring a $300K house isn't the same as insurance a $1 mil house. Apples to apples and oranges to oranges.

OP: given your situation what you are paying is in line with the average.

vkizzle wrote: ↑
Try Coseco.
I was with their parent company Co-operators prior and saved $200 annually switching to them this year.
They still offer many discounts...
Multi-Product
Multi-Vehicle
Driver Training
Student Driver
Alarm System
Claims Free
New Home (<15y)
New Home (16-20y)

engineered wrote: ↑ Yea, I've shopped around before and I wouldn't be surprised if they're all higher. I was already getting a good deal with my group rates. I just wish they'd raise rates on the bad drivers, not the claim free ones.

None12 wrote: ↑ I'll give them a look thanks for the heads up.

Their reviews are pretty poor but then again so are Sonnets, Aviva and I assume most other insurance companies. It makes it hard to make a switch when you read that stuff.

I couldn't agree more, sort of sucks to be such a careful driver with no tickets or accidents only to have your rates increase 30%, then add insult to injury by removing a loyalty discount.

dataonelk wrote: ↑ I am paying $840 for home and car insurance broken down as follows:

house $ 149.50
mazda 3 $ 381.42 - One at fault accident in 2017
honda CRV $ 310.00- one speeding ticket in 2016
TOTAL $ 840.92
4 adults in the household all with G licences

Any insurance brokers out there

TomLafinsky wrote: ↑ The whole world doesn't live in the GTA. This is why quoting home insurance is pretty useless without saying the street value of the house.