So I'm resurrecting this thread because of our current situation. So a bit of background, we have been with the same insurance company for the last 15 years (TD), from when we were both 25 to now 40. Pretty much every year the premiums have gone up, I think there was a year it went down like $20 for the year, most years it goes up somewhere between $5-$10 per month. Not a big deal as it's not a huge amount in he grand scheme of things.
Well this year our premiums went up around $50 per month. Our yearly went from $1,600 and to $2,200 and change. We are located in NB, both travel around 10,000 kms per year, per car. No tickets or traffic violations, neither of us had drivers ed, and the only knock on our record was my wife was in a fault accident 2 years ago, which caused the other vehicle to have a scratched bumper and no damage on our vehicle. So I'm thinking under $2k damage at the most, and likely under $1k. Had I been in the vehicle at the time I would not have gone through insurance. Anyway, that cost her the one accident she gets "free* because of the accident forgiveness that we had on the plan. Mine is still intact.
Anyway, so figured I'd get some insurance quotes as we haven't really done that in a decade. Thought what would be the easiest way to get a quote from multiple insurance providers. So I contacted 3 insurance brokers. One got 3 questions in and when he heard who we were with right now and was aware that we got a discount because of our university degrees he flat out said he couldn't come close.
The other.two brokers sent us a long list of questions for us before giving a detailed quote. One broker called me this afternoon and right from the get go said it wasn't good. Her quote was for over $4,500. I laughed her off the phone. I'm not hopeful that the other broker is going to be any better. Apparently because my wife had an at fault accident our premiums are crazy high, they basically think of her accident the same as if she was drunk, high on coke, and killed a bus full of kindergarteners.
So I will be calling our current insurance provider to make a few adjustments to see if we can't bring it down a bit.
All this wouldn't be that frustrating except that we know what others are paying. Before we were paying around $50 more per month than the other people we know, now it'll be around double what others are paying. And these.people have accidents, younger, travel more kms, and traffic/speeding violations.
I HATE insurance companies, about as much as our cable/internet/phone providers. The sad thing is I am happy with the service and the coverage from our insurance provider but the push our premiums up every freaking year. End of rant.