Quote:
Originally Posted by gmh1013
I guess its a sign im getting old Ive never had a claim on auto ins in my life....and when i turned 62 my ins went up by 6 percent. I called my agent to complain "Well sir you moved into a higher risk group" Im 62 now my rates will keep going up till I die. Any way they can screw you going and coming they will.
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I think the YMMV principle applies here...you (and I, too) prolly have low rates to begin with. Safe driver, bundled homeowners, low mileage, etc.).
The reduced rate is only on the portion of your premium that is keyed to mileage driven - and reflects a lower risk of collisions. That means the paltry reduction % was applied to an already low number.
Those who are getting higher $$ back are likely in higher risk profile and higher mileage.
Not defending the Insurance companies - just trying to explain...