Insurance Premiums in the time of COVID

[CarlSagan]

TLDR - my premium jumped 30% based on the “risk pool” in MA changing and nothing to do with me as a driver.

Got a new premium for the year ahead from my insurance co. today (Ameriprise). I live in MA and have had annual premiums of 1100 and 1200 respectively for the last two years on my model 3.

Included in the paperwork was a statement that Ameriprise had been purchased by American Family Connect insurance co. They state in plain language that the purchase will have no impact on my premium.

The new premium I received today for the year ahead is 1650. A roughly 30% increase. After calling them they stated this was a result of an adjusted Risk Profile for Massachusetts (weather, other people’s claims, cost of labor, etc). As less people are driving during covid I find all of this really hard to believe but have any of you had a similar experience?

Here are some notes on my car and the current policy.

• garaged in Camber-ville
• 2018
• Zero accident/claims/tickets ever
• 16,000mi or less annually (odometer: 25k)

It would seem I’m on the market for a new insurance company and I’d love some input and suggestions from the TMC crew.

 

[glide]

Try Progressive. They were 50% less than Liberty or AAA for me. Same coverage levels.

edit: also in the MA/NH area

 

[robarino]

I've got GEICO in MA. Was the cheapest by far. I think I paid 800 for the year.

 

[speedy]

What? I just got my GEICO renewal and they are giving 15% discount over last year due to COVID-19. Should be going down due to less driving, not up...

 

[JWardell]

I've had Geico, but they've been playing the creep-up-every-year game.
I really hope Tesla insurance goes nationwide soon, it seems they really undercut everyone in CA