What's everyone using in Florida? My rates just saw an increase of 40%, so $101/month, $1212 a year for having one car on the road and two cars in storage with USAA and based in Central Florida. Completely unacceptable and when I called to find out why my rates increased I got the company line of "Well with everything going on in the world, inflation, supply chains, etc we had to increase our rates." Just a complete deflection and when I asked to speak to someone who could explain it in depth I was met with staunch resistance. I'm on my last straw with USAA to begin with so.
Mind you I've had no accidents, no tickets, no violations of any sort.
I've looked into Hagerty to cover my older vehicles that are in storage. A bit pricier and it would be nice if I could just bundle all of my cars with them.
The horrible thing is, it sounds like this is about to happen to homeowners insurance as well in Florida.
Sonic
UberDork
4/18/23 4:10 p.m.
You can thank hurricanes and plaintiff attorneys. FL is a litigious hell hole. There was just a tort reform law signed that should slow the bleeding in time, but for example just one firm recently filed 25k lawsuits before the tort reform was signed. Defending all of those costs money, just like all the flood/hurricane total losses. That money has to come from somewhere.
In reply to DirtyBird222 :
It's already happened to homeowners insurance. The first round of increases was late last year, right before most mortgage companies calculates the amount of your payment needs to go to escrow to cover homeowners insurance. Now there will be an additional 1% surcharge charged in November of this year. Our insurance already went up 30%, looks to go up another 30% or more before it's all over with.
I have Amica. I've been with them since 2002. I have 4 cars and one driver insured through them. 2 vehicles are financed and 2 are not. Average mileage is about 14k miles per year on each vehicle.
I just added a vehicle for 4 in total. When my policy renews in May, my new premium is $604.40 a month or $2,339 for a 6 month policy. The 2020 Miata will be getting sold this week and the 2004 Santa Fe will hopefully be gone by the end of the month. That leaves the 2010 Chevy Tahoe, which is relatively inexpensive to insure, and my new 2023 Ford Maverick. Hopefully after those two vehicles are gone, my insurance will go back to being somewhat reasonable (ha!).
My GF's home insurance just shot up too. Her mortgage payment, with insurance, was at $960 a month. Her new payment after the insurance increase jumped the mortgage payment up to $1,210 a month.
We are both done with Florida and can't wait to get the berk out.
Sonic said:
You can thank hurricanes and plaintiff attorneys. FL is a litigious hell hole. There was just a tort reform law signed that should slow the bleeding in time, but for example just one firm recently filed 25k lawsuits before the tort reform was signed. Defending all of those costs money, just like all the flood/hurricane total losses. That money has to come from somewhere.
Yep, precisely. For auto insurance, Florida is one of the worst states in the country. It's all because of plaintiff attorneys and their chiropractor friends. The environment there is horrendous and as Sonic said that money has to come from somewhere. That's the explanation you're really looking for.
For your individual rates, you need to shop around. What one person pays is totally and completely irrelevant to what you will pay. Depends on so many factors, many of which are unique to your situation.
Property insurance is an obvious issue...hurricanes/floods. Florida has been battered and carriers are now refusing to write business there.
stanger_mussle (Supported by GRM undergarments) said:
I have Amica. I've been with them since 2002. I have 4 cars and one driver insured through them. 2 vehicles are financed and 2 are not. Average mileage is about 14k miles per year on each vehicle.
I just added a vehicle for 4 in total. When my policy renews in May, my new premium is $604.40 a month or $2,339 for a 6 month policy. The 2020 Miata will be getting sold this week and the 2004 Santa Fe will hopefully be gone by the end of the month. That leaves the 2010 Chevy Tahoe, which is relatively inexpensive to insure, and my new 2023 Ford Maverick. Hopefully after those two vehicles are gone, my insurance will go back to being somewhat reasonable (ha!).
My GF's home insurance just shot up too. Her mortgage payment, with insurance, was at $960 a month. Her new payment after the insurance increase jumped the mortgage payment up to $1,210 a month.
We are both done with Florida and can't wait to get the berk out.
I still love Florida. I've lived in almost all of the big major metro markets and in Florida, even with its downsides, still is the most affordable and has access to some great fishing, beaches, waterways, racetracks, and so on. I also can actually afford to be in a home unlike Seattle, DC, or Los Angeles. Texas is up there too - however their home property taxes are insane and my experience comes from the SATX area there.
Reply to Klayfish:
I totally understand that everyone is different and rates have tons of variables. I'm asking what everyone else is using so I can shop around to preferred insurance providers. I've had a plethora of issues with USAA and honestly the only reason I've kept them on auto for this long is they threw me a bone and gave me a very low home insurance premium after Tower Hill dropped me for getting my roof replaced after a hail storm.
And believe me when I say that I have a disdain for trail attorneys/personal injury attorneys. My divorce lawyer left me high and dry mid-divorce to go work at a different firm to do personal injury.
Not inFL, live in Phila burbs but Farmer's home insurance went up over 500 bucks last year. They gave FL hurricanes as the reason. I requoted with all the biggies and now with Erie and the total bill is $500 less than last year. So put together your info and start quoting. I suspect HO in FL will go up but jacking auto too is just a profit thing I suspect.
