Posted: 2/2/2012 9:23:11 AM EDT
|
What are you paying for Auto insurance in AR?
Me & the wife: *Farm Bureau *Ages 31 & 33 *Both have clean driving records *2009 Toyota SUV & 2010 GMC Truck Full coverage, $500 deductible $148 per month 
We also supposedly get a discount for having our home owners insurance with them. 
|
|
thats not out of line IMHO. Maybe a bit high.
Farm Bureau is taking rate increases along with almost every other homeowners company in AR. They have been beat to death in the past 12-18 months. My homeowners is us a sizable amount, and ive got a damn good agent. 
Spike- youre getting screwed. Ive got two vehicles and is less than that by a sizable amount. |
|
Quoted: thats not out of line IMHO. Maybe a bit high. Farm Bureau is taking rate increases along with almost every other homeowners company in AR. They have been beat to death in the past 12-18 months. My homeowners is us a sizable amount, and ive got a damn good agent. Spike- youre getting screwed. Ive got two vehicles and is less than that by a sizable amount. You married? I am not. How old are you? ETA: What year and model are your vehicles? ETA: My truck with the options stickered at 38k |
|
Quoted:
Quoted:
thats not out of line IMHO. Maybe a bit high. Farm Bureau is taking rate increases along with almost every other homeowners company in AR. They have been beat to death in the past 12-18 months. My homeowners is us a sizable amount, and ive got a damn good agent.
Spike- youre getting screwed. Ive got two vehicles and is less than that by a sizable amount. You married? I am not. How old are you? ETA: What year and model are your vehicles? ETA: My truck with the options stickered at 38k Not married and a year younger than you. Its not just age and sticker price that go into rates. there are other factors such as the "symbol" rating of a car or truck. |
- 2002 Ford F250 XLT Crew cab - 2005 Honda Accord LX sedan - 2002 Cherokee 27G travel trailer - 1967 Ford Mustang Just under $150/mo |
|
Quoted:
Mostly off topic... We have Farm Bureau at the office and farm... they've been doing anything they can to weasel out of claims lately. They've been good to us up untill 2010 or so. I think its about time to move on. Fb is having some money issues ATM and seems to be more concerned with life ins than property and casualty. |
|
There are actually some other issues afoot with subrogation claims as it relates to Arkansas Insurance providers that maybe be adversely affecting premiums. This ruling came down last summer.
ARKANSAS PIP/MED PAY SUBROGATION Supreme Court Decision In Riley v. State Farm Adds Confusion By Michael R. Sinnen For generations, Arkansas has had a proud heritage of allowing PIP and Med Pay subrogation. Arkansas allows auto carriers to offer optional "medical expense benefits” (Med Pay) along with a standard automobile insurance policy. This Med Pay coverage is included in § 23-89-202(1), which provides for payment of 100% of any medical bills up to the coverage amount of $5,000 per person. Traditional Med Pay coverage is less common in Arkansas because § 23-89-202 requires PIP coverage which includes a Med Pay component. Arkansas blends the concept of Med Pay with PIP benefits, so subrogation of Med Pay benefits is allowed to the same extent as is the subrogation of PIP benefits. In Arkansas, an insurer which has paid Med Pay benefits to its insured under § 23-89-202 has an automatic lien upon and a right of reimbursement from, any tort recovery or settlement obtained by its insured. Daves v. Hartford Acc. & Indem. Co., 788 S.W.2d 733, 736 (Ark. 1990); Northwestern National Ins. Co. v. Am. States Ins. Co., 585 S.W.2d 925 (Ark. 1979); Carnathan v. Farm Bureau Ins. Co., 705 S.W.2d 885 (Ark. 1986); National Inv. Fire and Cas. Ins. Co. v. Edwards, 633 S.W.2d 41 (Ark. App. 1982). This right of reimbursement is in the nature of subrogation. Daves, supra. The underlying principle of subrogation is to avoid a double recovery by the insured. Id. Under Arkansas law, the Made Whole Doctrine is recognized and dictates whether an insurer has a subrogation right in settlement proceeds. In accordance with this Doctrine, an insurer's subrogation right is secondary to the right of the insured. Green v. Ford Motor Co., 2011 WL 2666198 (W.D. Ark., 2011). This Doctrine is a descriptive term for assuring against unjust enrichment of the insured. Farm Bureau Casualty Ins. Co. v. Tallant, 207 S.W.3d 468 (Ark. 2005). An insured should not recover more than that which fully compensates him and an insurer should not recover any payments that should rightfully go to the insured so that he is fully compensated. Id. The general rule in Arkansas is that an insurer is not entitled to subrogation unless the insured has been made whole for his loss. Franklin v. Healthsource of Ark., 942 S.W.2d 837 (Ark. 1997); Shelter Mutual Ins. Co. v. Bough, 834 S.W.2d 637 (Ark. 1992); Riley v. State Farm Mutual Auto. Ins. Co., 2011 WL 2410521 (Ark. 2011). Arkansas courts are permitted to determine whether an insured has been made whole based upon the facts presented, and neither the insured nor insurer is entitled to a trial by jury on this issue. Green, supra. The relevant question is whether the insured’s uncompensated (uninsured) loss is greater than the net recovery from the tortfeasor. Id. Arkansas applies the Made Whole Doctrine rather broadly. It follows something called the "Franklin Formula,” which says that the precise measure of an insurer’s reimbursement is the amount by which the amount of the sum received by the insured from the third party, together with the insurance proceeds, exceeds the loss sustained and the expense incurred by the insured in realizing his claim. South Central Ark. Elec. Co-Op v. Buck, 117 S.W.3d 591 (Ark. 2003); Franklin, supra. In short, Arkansas has begun sliding down the unsound legal slope of not differentiating between equitable/legal subrogation and contractual/conventional subrogation. The insured must be wholly compensated before an insurer’s right of subrogation arises – only where the recovery by the insured exceeds his total amount of damages incurred. Bough, supra. In Franklin, the Arkansas Supreme Court expanded the use of the Made Whole Doctrine and held that an insurer is not entitled to subrogation unless the insured has been fully made whole, regardless of whether the insurance contract between the insurer and insured expressly gave the insurer a right of subrogation for benefits paid. Franklin v. Healthsource of Ark., 942 S.W.2d 837 (Ark. 1997). The Made Whole Doctrine applies even in cases of statutory reimbursement rights, such as PIP benefits under § 23-89-207. Ryder v. State Farm Mutual Auto. Ins. Co., 268 S.W.2d 298 (Ark. 2007). In fact, the Arkansas Supreme Court has held that the Made Whole Doctrine applies not only to equitable and conventional rights as well as statutory rights, but also to statutory rights of subrogation provided under workers’ compensation statutes. General Accident Ins. Co. of Am. v. Jaynes, 33 S.W.3d 161 (Ark. 2000). It is advisable for auto carriers subrogating for property damage to intervene into their insured’s third-party action, because Arkansas does not approve of splitting of causes of action. Home Ins. Co. v. Dearing, 452 S.W.2d 852 (Ark. 1970). Leave it to a few judicial activists on the Arkansas Supreme Court to destroy decades of subrogation tradition in Arkansas. In the 2011 decision of Riley, the Court bluntly announced that no subrogation rights arise until there is an affirmative determination by a court (or through an agreement – an event very few subrogation professionals will ever witness) that the injured party has been made whole. Riley, supra. In Riley, State Farm had paid its insured $5,000 in medical benefits due to a car accident with a GEICO insured. Prior to making any benefit payments, State Farm sent GEICO a letter notifying them of their right to subrogation. Riley later settled her claim with GEICO for $11,500, which issued one check payable to Riley and her attorney for $6,500, and a second check payable to Riley, her attorney and State Farm for $5,000. Riley sent a letter to State Farm asserting that she had not been "made whole” by the settlement. State Farm responded that the $11,500 settlement from GEICO was sufficient "to fully compensate Ms. Riley for her injuries” and agreed to reduce its recovery to $3,000 (so as to reimburse for recovery expenses and fees). Riley, nonetheless, filed a declaratory judgment action and complaint against State Farm alleging that the notice letter to GEICO violated the rules and that the subrogation recovery was premature without a court’s determination that Riley had been "made whole.” The trial court dismissed this count, ruling that State Farm had a valid but unenforceable subrogation lien under Arkansas law. The Supreme Court reversed and held that unless an agreement has been reached between an insured and its carrier, the "subrogation lien cannot arise, or attach, until the insured has received the settlement proceeds or damage award and until there is a judicial determination that the insured has been made whole.” The Court was clear in stating that the legal determination of made whole "must occur before the insurance company is entitled to recover in subrogation.” In Arkansas, an insurer cannot modify or contract around the Made Whole Doctrine within the terms of its insurance policy. Franklin, supra. So, the pronouncement in Riley has caused a great deal of consternation and confusion within the insurance profession. The right of subrogation does not accrue until there has been a legal determination by a court that the insured has been made whole. Riley, supra. One thing is certain: there will be no legal determinations of whether an insured is made whole unless initiated by the subrogated carrier. Taking no action or instructing subrogation counsel not to take action on Med Pay or PIP subrogation in Arkansas is not necessary and will ensure no recoveries. Do not hamstring your subrogation counsel because the activist Supreme Court in Arkansas has issued a confusing and troublesome opinion. Instruct your subrogation counsel to actively seek a judicial determination as to whether the insured has been made whole. Anything short of that will ensure lost subrogation opportunities. |
Jeez, that makes my head hurt... Got a "country boy" translation handy?  27, single, one accident (no citation) and one speeding ticket (best watch your speed between Imboden and Cave City... )ETA: That's on a Class D license, by the way. 01 F350, diesel, manual, 4x4 –– liability 98 Ranger, 4.0L v6 (largest available), manual, 4x4 –– liability 93 Jeep YJ –– ATV-type liability policy Big Ass Trailer –– standard trailer coverage $115-ish a month with the lizard. No, I did NOT just get the mandatory minimum coverage... |
|
Quoted:
Anyone that can beg, coerce, bribe, their way into USAA coverage should do so. They've been great to us.
- 2002 Ford F250 XLT Crew cab - 2005 Honda Accord LX sedan - 2002 Cherokee 27G travel trailer - 1967 Ford Mustang Just under $150/mo |
|
Too damned much...don't remember the numbers off the top of my head but I cringed when I saw em.
Something like Farm Bureau $375 every 3 months, $500 deductible Two cars on policy, an 08 HHR w/full and a 01 Eclipse w/liability No tickets, no wrecks in past 10 years or so for me She had a wreck prob 6-7 years ago Driven by a 28 y/o and a 25 y/o, married. I'll try to hunt down and post em when I get home. Edit: I spel gud. |
|
Quoted:
Quoted:
Anyone that can beg, coerce, bribe, their way into USAA coverage should do so. They've been great to us.
- 2002 Ford F250 XLT Crew cab - 2005 Honda Accord LX sedan - 2002 Cherokee 27G travel trailer - 1967 Ford Mustang Just under $150/mo Youre not even a Team Member, why should we listen to you?
|
| Just for comparison purposes my newest vehicle, a 2003 Bravada. Full coverage, $1000.00 deductible, $250 comp is costing me $50.00 a month. State Farm I have a higher deductible due to the fact I got family close by that owns a body shop. Multi car discount plus my home is insured through them as well. |
|
04 Dodge Ram
04 Honda Odyssey 99 Civic $127.29 per mo. (Shelter Ins.) 42 yrs. & 48 yrs. old Clean records $500 deducts. Full coverage Clean credit score Also have home, ATV, and camper. (Multi discounts) Credit score, where you live and how far you drive to work are factored into how the premiums are figured by most companies. The little Civic, which is my daily driver, is more than the Dodge Ram. DK |
|
5 vehicles, 4 drivers. Male 53, Female 53, Male 27, Female 24
AAA Insurance 2000 Ford Ranger - 1K ded - Mine 2004 Linc Navigatior - 1K ded - Wife 2006 Pont Solstice - 1K ded - Extra 2008 Ford F150 4 Door - 500 ded - Son 2009 Ford Focus - 500 ded - Daughter House covered too. Multi policy discount. One speeding ticket on 24 YO female. No at fault accidents for 5+ years. Credit score 800+ for my wife and me. $204.xx per month. I had Nationwide for 18 years. It was over $435 per month for the same coverage as above. I started checking around and quickly found out how bad NW was royally screwing us. Saved over $230 per month by changing to AAA. I showed NW what I had been quoted by other companies and they said they would look at my account again. Offered me $420/MO to stay with them. |
|
05 Dodge Cummins 4x4 4 door
09 GMC Yukon SLT 4x4 38y/o male 33y/o female Full Coverage $500 ded $137/ mo USAA Home Ins, Yukon loan, CC discounts USAA has always been there for us, no problems at all. $22000 hail damage total (house and vehicle), 2- $10000 shower leaks- fixed no problem. They are like Walmart, one stop shop, and cheaper!! |
|
Quoted: Quoted: After further assessment............. I am getting screwed. FML. Our 2010 Armada is about 80 per month IIRC. Just FYI. I do think being married is a healthy deduction. Also I don't currently own any real property as I am temporally away at school. 2 strikes against me I am sure. Although I will say, I would rather pay a higher insurance rate, than be subjected to potentially being divided by two
|
|
Quoted:
Quoted:
Quoted:
After further assessment............. I am getting screwed. FML. Our 2010 Armada is about 80 per month IIRC. Just FYI. I do think being married is a healthy deduction. Also I don't currently own any real property as I am temporally away at school. 2 strikes against me I am sure. Although I will say, I would rather pay a higher insurance rate, than be subjected to potentially being divided by two I do not recall my rates going down when we got married, but they may have. Still though. Boned. You're getting it. |
|
Quoted: Quoted: Quoted: Quoted: After further assessment............. I am getting screwed. FML. Our 2010 Armada is about 80 per month IIRC. Just FYI. I do think being married is a healthy deduction. Also I don't currently own any real property as I am temporally away at school. 2 strikes against me I am sure. Although I will say, I would rather pay a higher insurance rate, than be subjected to potentially being divided by two I do not recall my rates going down when we got married, but they may have. Still though. Boned. You're getting it. I'll go check the mail and see if my insurance company sent me some complimentary KY, which usually helps reduce friction and provides for an overall better experience. |
|
DATE FILED
COMPANY Coverage Type Changes 1/20/2012 Shelter General Insurance Company Dwelling Fire 9.9% Increase 1/18/2012 Hanover American Insurance Company Homeowners 15.5% Increase 1/18/2012 Massachusetts Bay Insurance Company Homeowners 16.3% Increase 1/4/2012 American Reliable Dwelling Fire 9.6% Increase 1/4/2012 Safeco Insurance Company of America Dwelling Fire 12.9% Increase 12/16/2011 Foremost Insurance Company Grand Rapids, Michigan Dwelling Fire 6.9% Increase 12/14/2011 California Casualty Indemnity Exchange Homeowners 15% Increase 12/6/2011 State Farm Fire & Casualty Company Mobilehome No Change 12/6/2011 United Services Automobile Association Dwelling Fire 13.0% Increase 12/6/2011 USAA Casualty Insurance Company Dwelling Fire 13.4% Increase 12/6/2011 USAA General Indemnity Company Dwelling Fire 13.4% Increase 12/6/2011 Garrison Property and Casualty Insurance Company Dwelling Fire 13.4% Increase 12/5/2011 Metropolitan Property & Casualty Insurance Company Homeowners 10% Increase 12/2/2011 Liberty Mutual Fire Insurance Company Homeowners 10% Increase 12/2/2011 The First Liberty Insurance Corporation Homeowners 10% Increase 12/2/2011 Sentinel Insurance Company Homeowners 9.8% Increase 11/30/2011 Republic Underwriters Insurance Company Homeowners 10% Increase 11/18/2011 Farm Bureau Mutual Ins Co of AR Homeowners 8.3% Increase 11/18/2011 American Hallmark Ins Co of TX Homeowners 5% Increase 11/18/2011 American Hallmark Ins Co of TX Mobilehome 12% Increase 11/16/2011 The Travelers Indemnity Company of Amercia Homeowners 10% Increase 11/16/2011 The Automobile Insurance Company of Hartford, Connecticut Dwelling Fire 10% Increase 11/9/2011 Pharmacists Mutual Insurance Company Homeowners 9.7% Increase 11/9/2011 Economy Premier Assurance Company Homeowners 6% Increase 10/19/2011 Foremost Insurance Company Grand Rapids, Michigan Homeowners 19.2% Increase 9/26/2011 Cameron Mutual Insurance Company Dwelling Fire 12% Increase 9/21/2011 Auto-Owners Insurance Company Dwelling Fire 15% Increase 9/7/2011 National Security Fire & Casualty Company Homeowners 10% Increase 9/7/2011 American Modern Home Insurance Company Dwelling Fire 0.03% Decrease 8/29/2011 American Modern Select Insurance Company Dwelling Fire 4.03% Increase 8/29/2011 American Modern Select Insurance Company Seasonal 0.01% Decrease 8/29/2011 Safeco Insurance Company of America Homeowners 15.1% Increase 8/26/2011 Hanover Insurance Company Dwelling Fire 12.5% Increase 8/26/2011 Massachusetts Bay Insurance Company Dwelling Fire 12.5% Increase 8/24/2011 Sentry Insurance a Mutual Company Homeowners 4.3% Increase 8/24/2011 The Ohio Casualty Insurance Company Homeowners 9.8% Increase 8/24/2011 West American Insurance Company Homeowners 10% Increase 8/24/2011 American Fire and Casualty Company Homeowners 10.1% Increase 8/7/2011 Nationwide Mutual Fire Insurance Company Dwelling Fire 15% Increase 8/1/2011 Foremost Insurance Company Grand Rapids, Michigan Mobilehome 14.4% Increase 7/25/2011 Columbia Mutual Insurance Company Dwelling Fire 20.07% Increase 7/25/2011 American Modern Home Insurance Company Manufactured Homes 15% Increase 7/15/2011 Travelers Commercial Insurance Company Homeowners No Change 7/15/2011 The Travelers Home and Marine Insurance Company Homeowners 0.05% Increase 7/8/2011 Allstate Property and Casualty Insurance Company Homeowners 10% Increase 7/6/2011 Allstate Indemnity Company Homeowners 7% Increase 7/6/2011 Cameron Mutual Insurance Company Homeowners 6.17% Increase 7/6/2011 Allstate Insurance Company Homeowners 0.3% Increase 7/6/2011 Hanover Insurance Company Homeowners 7% Increase 7/1/2011 State Farm Fire & Casualty Company Homeowners 7% Increase 7/1/2011 USAA Casualty Insurance Company Homeowners 15% Increase 7/1/2011 USAA General Indemnity Company Homeowners 15% Increase 7/1/2011 Garrison Property and Casualty Insurance Company Homeowners 15% Increase 7/1/2011 United Services Automobile Association Homeowners 15% Increase 7/1/2011 American Family Home Insurance Company Mobilehome 6% Increase 6/24/2011 Nationwide Mutual Fire Insurance Company Homeowners 9.5% Increase 6/17/2011 Amica Mutual Insurance Company Dwelling Fire 10% Increase 6/15/2011 Homesite Insurance Company of the Midwest Homeowners 15% Increase 6/15/2011 QBE Insurance Company Homeowners Initial Filings 6/10/2011 United Home Insurance Company Dwelling Fire 12% Increase 6/10/2011 Empire Fire and Marine Insurance Company Homeowners 15% Increase 6/8/2011 Property and Casualty Insurance Copany of Hartford Homeowners 10% Increase 6/1/2011 EMCASCO Insurance Company Homeowners 10.2% Increase 6/1/2011 Employers Mutual Casualty Company Homeowners 10.8% Increase 6/1/2011 Union Insurance Company Homeowners 10.4% Increase Just to give everyone something to look at... |
|
2/16/2012
Trinity Universal Insurance Company 3% Increase 2/9/2012 Farmers Insurance Company Inc 3% Increase 2/9/2012 USAA Casualty Insurance Company 3% Increase 2/9/2012 USAA General Indemnity Company 3% Increase 2/9/2012 Garrison Property & Casualty Insurance Co 9.9% Increase 2/2/2012 American National Property & Casualty 3.3% Increase 2/2/2012 American National General Insurance Company 3.9% Increase 1/31/2012 Star Casualty Insurance Company 15% Increase 1/26/2012 21st Century Centennial Insurance Company 5% Increase 1/26/2012 Encompass Insurance Company of America 3% Increase 1/26/2012 LM General Insurance Company New Program 1/26/2012 LM Insurance Corporation New Program 1/24/2012 Hallmark National Insurance Company 4.3% Increase 1/17/2012 Encompass Indemnity Company 3% Increase 1/10/2012 Imperial Fire & Casualty Insurance Company 4.7% Decrease 1/5/2012 Horace Mann Insurance Company 1% Increase 1/5/2012 Horace Mann Property & Casualty 1% Decrease 1/5/2012 Teachers Insurance Company .4% Increase 1/4/2012 Imperial Fire & Casualty Insurance Company 5.9% Increase 12/16/2011 Republic Underwriters 5% Increase 11/29/2011 State Farm Fire & Casualty Ins Company 4.8% Increase 11/29/2011 State Farm Mutual Automobile Ins Company .1% Increase 10/31/2011 Farmers Insurance Company 3.9% Increase 10/6/2011 Columbia Mutual Insurance Company 3.05% Decrease 10/5/2011 State Automobile Mutual Insurance Company 3.0% Increase 9/23/2011 Metropolitan Property and Casualty Insurance Company 6% Increase 9/23/2011 Metropolitan Casualty Insurance Company 6% Increase 9/20/2011 Auto-Owners Insurance Company 3.2% Increase 9/15/2011 Allstate Insurance Company No Change 9/15/2011 Government Employees Insurance Company 5% Increase 9/15/2011 GEICO General Insurance Company 5% Increase 9/15/2011 GEICO Indemnity Company 3.7% Increase 9/15/2011 GEICO Casualty Company No Change 9/6/2011 Allstate Property and Casualty Insurance Company No Change 9/6/2011 State Auto Property & Casualty Insurance Company 1.5% Increase 8/23/2011 Safeco Insurance Company of Illinois No Change 8/18/2011 The Travelers Home and Marine Insurance Company No Change 8/18/2011 Travelers Commercial Insurance Company 0.1% Decrease 8/16/2011 Allmerica Financial Benefit Insurance Company NA 8/8/2011 Privilege Underwriters Reciprocal Exchange Initial Filings 8/2/2011 USAA General Indemnity Company 5% Increase 8/2/2011 Southern Insurance Company 7.4% Decrease 7/12/2011 Armed Forces Insurance Exchange 9.53% Increase And here are some auto companies. These are not all companies, just ones that have filed rate changes recently. |
|
Quoted:
Yes this is so crazy! They pay out less and less and you pay in more and more. And if you don't pay in you pay even more! Knew I should have gone into insurance, law or Government!  The combined ratio of all homeowners companies in Arkansas was around 110 in 2011 iirc. That means for every dollar they took in they spent 1.10$ those kind of figures lead to increases. |
|
Don't doubt that. But look how much insurance claims have gone up due to lawyers. I know people that were happy to be in a wreck. After they finished their little spill about how much money they were goin to make I was glad to try to enlighten them showing how this was really going to cost them.
Hell these days there is no such thing as an accident. It is all about who is at fault. Even in home owners. Someone comes over for a visit and falls and the fist thing that go through their mind is whos fault is it. Never looking at the fact if they would have picked up their feet they would have never fallen in the first place. |