I was with Erie insurance company for 15+ years when they pulled this, except it was closer to a 100% increase. No tickets or accidents but suddenly much higher rate. Switched to Progressive and was back to my old price.
Just did much the same with Farmers (was with them for 10 years). Last accident was around 2018, not at fault. Went from a '14 Prius to '24 Ioniq 5, and my premium went from ~$1300 to ~$2500, the excuse being “EVs are more expensive to repair”. Which I get, the batteries are pretty expensive. But that’s an insane increase. I switched to Progressive for both auto and home, and they got my premiums down to ~$1100 and ~$1600 respectively (home was just shy of $2k). We’ll see if the decision was worthwhile.
I was with Erie insurance company for 15+ years when they pulled this, except it was closer to a 100% increase. No tickets or accidents but suddenly much higher rate. Switched to Progressive and was back to my old price.
Just did much the same with Farmers (was with them for 10 years). Last accident was around 2018, not at fault. Went from a '14 Prius to '24 Ioniq 5, and my premium went from ~$1300 to ~$2500, the excuse being “EVs are more expensive to repair”. Which I get, the batteries are pretty expensive. But that’s an insane increase. I switched to Progressive for both auto and home, and they got my premiums down to ~$1100 and ~$1600 respectively (home was just shy of $2k). We’ll see if the decision was worthwhile.