Insurance rates
#1
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Location: Austin, TX
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Insurance rates
I just got my insurance bill and it went up $200 for a six months period.
I have no accidents or tickets reported to the insurance company, years of accident free driving and I'm 32 years old.
Has anyone else experienced this kind of increase of their insurance. I'm in Austin, TX and the ins. company is Allstate.
Thanks,
Otmar
I have no accidents or tickets reported to the insurance company, years of accident free driving and I'm 32 years old.
Has anyone else experienced this kind of increase of their insurance. I'm in Austin, TX and the ins. company is Allstate.
Thanks,
Otmar
#6
State Farm raised the rate on my TTR by 12% last month.
My insurance agent said it was because the State of Texas recently released their first "rating number" for the TT. All insurance companies in the State are required to use this multiplier when setting premiums. Up until now insurers in Texas had been establishing premiums based on the value (price) of the car because it was too new to have a calculable accident/repair history. Turns out the TT is pretty expensive to fix so that accounts for the higher premiums.
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