Auto Insurance Reductions

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Asking if anybody here has had success asking your auto insurance providers for reductions since we all are not driving?
I'm with Nationwide (43 years) but that don't mean much....
Thanks
 
It's about less risk exposure when a vehicle sits. Insurance premiums are there to cover anyone against risk exposure. Not sure I'm getting your point. What's owed is what's owed for vehicle loans....
 
USAA issuing rebate of 20% for next two months.

And atikovi, if you're not driving the vehicle at all or at a greatly reduced amount, why WOULDN'T you expect to pay less? Insurance cost is based on risk. Risk comes from exposure. Reduced exposure = reduced risk = reduced insurance cost.
 
yep its pennies.. I heard their risk/payouts are down over 60% so sure pay back a few pennies.. and keep excess billions of profit.
 
yep its pennies.. I heard their risk/payouts are down over 50% so sure pay back a few pennies.. and keep excess billions of profit.

Originally Posted by atikovi
Would you ask your lender for a reduction of your monthly payment for the same reason?



uh insurance is based on risk, monthly car payment is on loan.

since the risk is HIGHLY reduced they will be profiting in the 10's of billions yes I'd like some of that back.. thanks.
 
I have GEICO and they said they will be giving the 15% reduction as policies come up for renewal. Mine comes up at the end of May, so hopefully I will see the reduction then.
 
Thanks. Sorry about starting another thread on the topic . Requesting it be deleted please.
 
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I checked every year for about 5 years, and found no cheaper coverage. Then a couple years ago State Farm was about 40% lower than they were the year before! I changed and the price hasn't gone back up. It pays to be persistant.
 
Mercury (my ins co) is giving back 15% for two months--not sure how that will happen, but that's what they've said on their website. My autopay rates haven't lowered yet, but we'll see.
 
They got to pay for those stupid commercials....so don't expect much back.....but the OP makes a very VALID point....
 
Originally Posted by SubieRubyRoo
USAA issuing rebate of 20% for next two months.

And atikovi, if you're not driving the vehicle at all or at a greatly reduced amount, why WOULDN'T you expect to pay less? Insurance cost is based on risk. Risk comes from exposure. Reduced exposure = reduced risk = reduced insurance cost.


That's your choice not to drive at all or at a greatly reduced amount, and even if you say you do, how can it be measured unless you have those things that plug into the OBD2 socket? Let me give another example. If your rent includes electric, gas, water, cable, shouldn't your landlord be allowed to ask for 20% more rent since you're at home more using more utilities?
 
Rent mortgages and property taxes should all be null for the time being lest we have millions more newly created junk properties getting condemned and demolished this spring.
(As happened in 2009, most were never rebuilt because the lots are non-conforming)

Originally Posted by atikovi
Would you ask your lender for a reduction of your monthly payment for the same reason?


If you don't drive your car should be under storage on your insurance which in many cases is zero
Mthe trouble is that insurance companies are [censored] about how long something needs to be in storage and will even jack up rates if you use it legitimately for a seasonal vehicle

I once thought mandatory car insurance would be a good thing, but since it went mandatory here the number of uninsured drivers skyrocketed and my insurance rates tripled virtually overnight.

I now believe mandatory car insurance should be banned as it does absolutely none of the things it is supposed to and if anything made things a lot worse.
 
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Originally Posted by SubieRubyRoo
USAA issuing rebate of 20% for next two months.



That. Gotta love USAA

That, and the stimulus was just DD into my checking account today.
 
Originally Posted by atikovi
Let me give another example. If your rent includes electric, gas, water, cable, shouldn't your landlord be allowed to ask for 20% more rent since you're at home more using more utilities?


At the end of the lease, yes. Granted, that may be at the end of the month, if month-to-month.
 
Originally Posted by gathermewool
Originally Posted by atikovi
Let me give another example. If your rent includes electric, gas, water, cable, shouldn't your landlord be allowed to ask for 20% more rent since you're at home more using more utilities?


At the end of the lease, yes. Granted, that may be at the end of the month, if month-to-month.


Tenants would be outraged if they signed a lease and the rent is raised during the term. And no government landlord tenant agency that will allow that.
 
Our car insurance provider has an online form to indicate that a vehicle will be used less frequently, at which point you get a 15% rate reduction. A phone call to indicate that our second vehicle was essentially in storage netted us a 75% decrease.
 
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