[Grrveer]

Hello. Did anyone else notice an increase in their insurance premiums for the year 2021 in California?

Thanks.

[Macphisto]

I am with the Auto Club and my premium went up $52 for the year.

[nioh_lbbm2]

No not mine. I've had 3 partial refunds now as part of the insurance relief from my plan. If i recall correctly, totaling about $150-200 for 2020

[Grrveer]

That’s interesting.....my monthly premium with AAA jumped from $182 to $214 and the rep I spoke with said it had something to do with CA labor rate/law changes that went into effect 1/1/21.

(2020 m2c)


Thanks for the feedback!

[nioh_lbbm2]

Originally Posted by Grrveer

That’s interesting.....my monthly premium with AAA jumped from $182 to $214 and the rep I spoke with said it had something to do with CA labor rate/law changes that went into effect 1/1/21.

(2020 m2c)


Thanks for the feedback!

Guess I'll find out when I'm up for renewal this year

[Saintjah]

Yes, almost tried to double my rates. I called and bitched so they knocked it back down. 0 tickets, 0 claims, 0 accidents 15+ yrs

[lax01]

Interesting - my auto insurance with USAA doesn't renew till June but I've reduced my miles driven down to 2000 (not much more lower I can go - but 2017 with 8k miles on it...)

USAA has given rebates in 2020 but they have NEVER ONCE reduced my auto insurance as I've gotten older - its only gone up

Will be shopping around if there is a big jump in June

[Detoxified]

Originally Posted by lax01

Interesting - my auto insurance with USAA doesn't renew till June but I've reduced my miles driven down to 2000 (not much more lower I can go - but 2017 with 8k miles on it...)

USAA has given rebates in 2020 but they have NEVER ONCE reduced my auto insurance as I've gotten older - its only gone up

Will be shopping around if there is a big jump in June

I pay around ~200 per month no accidents or tickets with USAA. Wbu?

[lax01]

Originally Posted by Detoxified

I pay around ~200 per month no accidents or tickets with USAA. Wbu?

Couple of caveats:
* I have renter's insurance through USAA
* I have the car set to 2000 miles / year

My premium is $ 927.39 per 6 months or $154.56/mo

[Altra]

My premium went up as well. Used to be 113/mo now it's 134/mo...I'm with Progressive. I thought it was due to my 'no fault' accident (speed limit sign bounced off my hood), but guess not since everyone else's premiums went up too.

[AlpsRider]

Wow, you guys pay a lot. I have a three car policy, clean record, good driver. My 2019 M2C share of the policy is $855. per year or $71. per month. $100 ded. Comprehensive, $1000. ded. Collision, 250k/500k coverage.

[akkando]

I have a m2 and a 2011 m3 and my 6 month premium is down by 34 dollars.

[blkonblk]

For 2021, my insurance increased by $300 for 6 months for an E46 and F87

[Multimodal]

Insurance companies use a strategy called “back of book pricing.” They sign you up with a low rate and then they raise your rate a little bit each year because they know you’re not likely to leave. It has nothing to do with macro market factors like “labor laws.”

[M2_MEDUSA]

Might dropped by $300

[FaRKle!]

I left AAA this year because they raised the rate on my M2 by $1k/year over what I paid last year when I bought it. I have no at fault accidents (only accident ever is getting rear ended last year in my F31), and no tickets. My agent said there were some changes in CA rates for Euro vehicles, but I told him I didn't believe that since they didn't raise the rate on my F31. I told him if they can't be competitive I'd be ending all my auto/home policies with them and going elsewhere (I had been with them for 15yrs).

[Egrunt]

Originally Posted by FaRKle!

I left AAA this year because they raised the rate on my M2 by $1k/year over what I paid last year when I bought it. I have no at fault accidents (only accident ever is getting rear ended last year in my F31), and no tickets. My agent said there were some changes in CA rates for Euro vehicles, but I told him I didn't believe that since they didn't raise the rate on my F31. I told him if they can't be competitive I'd be ending all my auto/home policies with them and going elsewhere (I had been with them for 15yrs).

I am still with USAA (over 25 years) and I am thinking about leaving. While my rates did not increase this year, they have over the past 4 years. I have a 2018 M5 and I pay $871 every 6 months in SOCAL. I also have 3 other vehicles including a motorcycle. CostCo insurance is cheaper I believe there company is now called Connect. However they do not provide motorcycle insurance and my home owners insurance will increase.

[lax01]

Just got my renewal for next 6 months - think might went down like $2/mo