| tazdevl |
Have a 2007, 6 month old MDX. Just received my annual insurance renewal and the premium went up by over $600 per year. I was without words. My wife and I have $500K/$500K coverage, deductible hasn't changed, no auto claims or speeding tickets, no homeowners claims or umbrella claims. We are insured through GEICO in AZ. Rates are pretty high thanks to all the uninsured a-holes on the road.
Called my insurance company to discover why. Turns out the increase is solely due to the 2007 MDX.
The insurance industry ratings on the 2007 and higher MDXs have changed and the risk level has been increased, which is bad for us. It is a riskier vehicle now. The rating take into account occupant injury, accident rates, damage to other vehicles etc...
This is a NATIONAL rating so expect your premiums to increase at your annual renewal.
Keep in mind all insurance companies interpret the actuarial tables/ratings differently, so depending on the company and location you may not have as dramatic increase as I experienced.
For those of you affected, I suggest you call Acura Client Services at 800-328-2238 and complain. Something is hinky and Acura needs to sort it out. |
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| drjay |
| Not cool. Thanks for the heads-up. I'm a long-time GEICO customer and my insurance comes up for renewal in January. |
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| Needsdecaf |
Having just purchased my X, I just experienced this firsthand. Called my insurance Co, USAA to get a quote. When I purchased my 1 year old 2007 and called to get the policy, I found that the actual rate was over $150 more / 6 months than I was initially quoted. Turns out when they put the VIN into the system, these newer ratings showed up.
:(
Not cool. |
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| fifik |
quote:
Originally posted by drjay
Not cool. Thanks for the heads-up. I'm a long-time GEICO customer and my insurance comes up for renewal in January.
Geico already increased mine. Tried calling and getting it back to what it was before - no luck. I'm also a customer for about 6 -7 years with insurance for 3 cars but I don't think this really matters in this case |
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| HuMan321 |
Oh this stinks!
I too obtained a quote before actually buying an MDX. I pulled the trigger and am waiting for it to be shipped to me. I guess this is what I have to look forward to when I officially sign up. :( |
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| eujinc |
My insurance is through Allstate and I'm up for renewal in December. I just got my renewal notice last week and as far as I can tell there is no increase on the rates (knock on wood).
Wonder why it would be reclassified as a riskier vehicle after all the good safely reviews by the Insurance Institute. |
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| craniotes |
All I can say is thank God I paid the entire year in advance when I picked up my X in September. I've got GEICO as well, so I'm not looking forward to what they're gonna stick me with next year. Who knows, maybe I'll go back to Allstate then.
Regards,
Adam
PS - The real issue here is why, all of a sudden, is the new X a "riskier" vehicle? Given its excellent crash ratings, I would think that it would be considered quite safe. |
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| HuMan321 |
| The only thing I can think of is from that earlier post on the active restraint and headrest issue on early 07 models. This would not explain anything if it applied to all. |
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| craniotes |
quote:
Originally posted by HuMan321
The only thing I can think of is from that earlier post on the active restraint and headrest issue on early 07 models. This would not explain anything if it applied to all.
Given that there was nothing wrong with the original headrest design to begin with, if anything the newer ones should lower, not raise insurance rates.
Something's not adding up here... Think about it, how does a car all of a sudden become "riskier" to the tune of $600/yr (at least for the OP)? That's a HUGE increase. This is especially puzzling since the new X has consistantly been rated as one of the safest cars on the road.
Regards,
Adam |
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| HuMan321 |
quote:
Originally posted by Needsdecaf
Having just purchased my X, I just experienced this firsthand. Called my insurance Co, USAA to get a quote. When I purchased my 1 year old 2007 and called to get the policy, I found that the actual rate was over $150 more / 6 months than I was initially quoted. Turns out when they put the VIN into the system, these newer ratings showed up.
:(
Not cool.
Just got off the phone with USAA.
I received a quote from them about a month ago when I was MDX shopping. I just bought an 07 that is being shipped to me hopefully by next week.
They have my VIN and quoted me basically the same number as before tonight. Hopefully, this is a good sign.
Do you have the Sport/Ent model by chance? Just wondering if your original quote may have been based off a base model and the newer one on a Sport/Ent?
$300.00 a year sounds even too high for that though. |
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| tazdevl |
| I have the sport/ent. The issue is not just that the car is safe for occupants... but it also has to do with the types of crashes the car is involved in, damage it does to others and injuries associated with those accidents. |
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| Mike_TX |
Renewed with State Farm on 10/29, and the rates are about the same as before.
Must be a "Geico thing".
.
. |
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| highcountrymdx |
Insurance premiums reflect not only how 'safe' the car is, but also how expensive the car is to fix once damaged, auto theft rates, vehicle location (Know any areas in this this country where illegal immigrants might be driving up costs for the rest of us? Thank you, George Bush.), Fico score (yes, true), past claims history. etc, etc.
It's kinda like gas mileage: there's a lot that goes into it. |
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| pbm317 |
| i also just got my MDX a week or so ago and I have State Farm, and my premium was very reasonable compared to some of my other cars. |
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| deanking |
My X is 3 months old and with State Farm. I found my rates to be very reasonable compared to many other vehicles.
I think the problem here might be trusting Geico to tell you the truth. For all you know they could have a glitch in their system causing this and what you got was a standard blow-off response.
That is the great thing about auto insurance compared to 10 years ago: it is competitive. Do some comparison shopping.
I will certainly post what happens with my renewal when it comes up. |
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| Mike_TX |
I'd also add that you Geico guys have saved that "15% or more" on your insurance, and you also have that cute little lizard with the English accent, so you have nothing to complain about.
(Okay, just rubbing salt in the wounds. ;) )
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| acurrate |
Before I got my 08 MDX base I priced insurance with GEICO and guess what it cost more to insure the MDX than the X5 3.0 and 4.8.
I think I need to shop around as other people say their rates did not increase with other companies besides GEICO. |
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| shootist |
quote:
Originally posted by tazdevl
...the premium went up by over $600 per year. ...through GEICO in AZ. Rates are pretty high thanks to all the uninsured a-holes on the road.
...out the increase is solely due to the 2007 MDX.
...
The insurance industry ratings on the 2007 and higher MDXs have changed and the risk level has been increased,...
, I suggest you call Acura Client Services at 800-328-2238 and complain. Something is hinky and Acura needs to sort it out.
BWAHAHAHAHA
1. You believed an insurance company's explanation of a rate increase?? :21:
2. You want to complain to ACURA because Geico screwed you ???
:1pat: |
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| Needsdecaf |
quote:
Originally posted by HuMan321
Just got off the phone with USAA.
I received a quote from them about a month ago when I was MDX shopping. I just bought an 07 that is being shipped to me hopefully by next week.
They have my VIN and quoted me basically the same number as before tonight. Hopefully, this is a good sign.
Do you have the Sport/Ent model by chance? Just wondering if your original quote may have been based off a base model and the newer one on a Sport/Ent?
$300.00 a year sounds even too high for that though.
I have Tech. My problem was my initial quote was without VIN. Once they put the VIN in, the increased rate showed up. |
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| Needsdecaf |
quote:
Originally posted by tazdevl
I have the sport/ent. The issue is not just that the car is safe for occupants... but it also has to do with the types of crashes the car is involved in, damage it does to others and injuries associated with those accidents.
As noted above, it is more about the cost of repairing the vehicle, not what it does to other vehicles, passengers, etc. |
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| craniotes |
While I agree that many factors are taken into consideration when determining the cost of insurance for a given automobile, these numbers tend to be finalized before the auto in question is released, not over a year after the fact. I hate to say it, but this sounds like GEICO is screwing around with the OP. Of course I take little comfort from this notion since I too have GEICO insurance. I mentioned previously in this thread in this thread that I paid my insurance for the year in advance - I was wrong. A quick review of my checkbook indicates that I paid for six months, which means that they may try to stick me with a increase at the end of March. If so, I'm switching back to Allstate.
Regards,
Adam |
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| one4gatr |
Just a thought occured to me when I was reading this thread... I was reading something somewhere about how SUV's are starting to lose their "truck classification". Is it possible that the pre - 07's are defined as "trucks" and the 07+ as perhaps a "luxury vehicle etc.."?
I know when we bought our RDX and my wife went to the RDX from the MDX that the insurance went up about $400 a year from the MDX. Which to me.... I think is a bit crazy. Now... if it were me I would understand.... :2: |
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| JL_SS |
quote:
Originally posted by craniotes
While I agree that many factors are taken into consideration when determining the cost of insurance for a given automobile, these numbers tend to be finalized before the auto in question is released, not over a year after the fact. I hate to say it, but this sounds like GEICO is screwing around with the OP.
Regards,
Adam
None of the insurance cost is "finalized" before a vehicle is released. It is estimated to be able to insure it. Independent safety/crash testing is done after release and the history of theft and injury/repair claims are continually tracked. The insurance rates are adjusted as required. |
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| craniotes |
quote:
Originally posted by JL_SS
None of the insurance cost is "finalized" before a vehicle is released. It is estimated to be able to insure it. Independent safety/crash testing is done after release and the history of theft and injury/repair claims are continually tracked. The insurance rates are adjusted as required.
Excellent points, JL -- I stand corrected. As such, I suppose that it's entirely likely that some of us may be faced with higher premiums on our 2nd generation Xs.
I will say for the record that I did get stuck with a higher premium than originally quoted by GEICO after they ran my VIN and discovered that I had a Sport/Entertainment model (mind you, the disparity in price was barely $100 for the entire year). Even so, the rate I wound up with was quite reasonable given where I live. That said, if they try to kick it up $600 in March, I'm looking elswhere for auto insurance.
Regards,
Adam |
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| Heat00 |
I too have State Farm and I'm billed monthly. NO Change so far in the months I've had my X. In fact, my insurance went down and is now less than my wife's RX 330.
Guess it depends on the company. State Farm is expensive to begin with but they are great, especially if anything ever happens and you need to make a claim etc. |
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| SKIP2IT |
CHECK 2 C WHAT URE RATING AN CLASS WAS LAST YEAR OR WHEN U APPLIED FOR IT..
MORE THAN LIKELY THEY RATED YOU WRONG 1ST TIME AROUND... |
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| wiscogirl |
| My insurance only went up $10 total. Maybe it IS a Geico thing. |
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| Needsdecaf |
quote:
Originally posted by Heat00
I too have State Farm and I'm billed monthly.
I used to have State Farm. You are billed monthly, but your policy is still for either 6 months or 1 year, so you won't see a change until your policy is up. |
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| deanking |
1) I have State Farm and it is cheaper than any other service. Then again, I have my homeowners with them as well and have been a customer for 20 years. That may have something to do with it.
2) It is interesting that people are suggesting that perhaps the Sport / Tech models are costing more. Perhaps people with nicer rims and user selectable suspensions drive faster and have more accidents. Perhaps they get more distracted by 400+ watts of stereo or screwing around with the touch screen GPS. Just kidding. |
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| gmc74 |
quote:
Originally posted by tazdevl
Have a 2007, 6 month old MDX. Just received my annual insurance renewal and the premium went up by over $600 per year. I was without words. My wife and I have $500K/$500K coverage, deductible hasn't changed, no auto claims or speeding tickets, no homeowners claims or umbrella claims. We are insured through GEICO in AZ. Rates are pretty high thanks to all the uninsured a-holes on the road.
Called my insurance company to discover why. Turns out the increase is solely due to the 2007 MDX.
The insurance industry ratings on the 2007 and higher MDXs have changed and the risk level has been increased, which is bad for us. It is a riskier vehicle now. The rating take into account occupant injury, accident rates, damage to other vehicles etc...
This is a NATIONAL rating so expect your premiums to increase at your annual renewal.
Keep in mind all insurance companies interpret the actuarial tables/ratings differently, so depending on the company and location you may not have as dramatic increase as I experienced.
For those of you affected, I suggest you call Acura Client Services at 800-328-2238 and complain. Something is hinky and Acura needs to sort it out.
Was yours manufactured pre or post May 07? I wonder if the better active head restraints would help?
My insurance was a lot less for the MDX than I originally figured it would be, but I also work from home and don't drive a lot.
Funny thing, when I moved from CT to AZ the only thing that cost more was my car insurance because of the high theft rate and high rate of uninsured motorists here :( |
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| bigdivot1 |
| Guess I'm one of the lucky ones. Allstate. My insurance renewed in June '07 and dropped $23. Then renews in Dec '07 with no changes. Thankfully, no accidents or loss history. :cool: |
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| bigpecs1 |
| I had called my insurance agent (State Farm) and they quoted $85/month for an '08 MDX...is that reasonable? |
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| phins2rt |
quote:
Originally posted by bigpecs1
I had called my insurance agent (State Farm) and they quoted $85/month for an '08 MDX...is that reasonable?
A lot of factors to consider! Age, miles driven, area of the country, urban/rural, driving history,etc, etc. |
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| tazdevl |
quote:
Originally posted by shootist
BWAHAHAHAHA
1. You believed an insurance company's explanation of a rate increase?? :21:
2. You want to complain to ACURA because Geico screwed you ???
:1pat:
Don't be an asshat. I was putting up a public service announcement.
Auto companies work with the insurance industry to attempt to get the lowest ratings for their products. It is in their best interest. If a car is expensive to insure, guess what? It increases the TCO for the car. Manufacturers can present additional data that might not have been initially disclosed to potentially influence the risk rating of the vehicle.
People, regardless whether you pay monthly or quarterly, auto policies renew annually. You policy rate is locked in for 12 months regardless of when you pay, then it renews and the rate can change.
I'm 37, married, no accidents nor speeding tickets and have group discounts through grad school, the AMA and undergrad.
If I was going to guess, the reason why I experienced such a large increase relative to other folks is primarily due to living in AZ. 40% or 60% of the cars on the road are uninsured motorists. Cost to insure here is very expensive relative to most other states. |
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| gmc74 |
quote:
Originally posted by tazdevl
40% or 60% of the cars on the road are uninsured motorists. Cost to insure here is very expensive relative to most other states.
I live in AZ too, and I am not having this issue. Call my Allstate agent, IM me and I will give you her info.
BTW, 40 to 60%? Come on, we all know that there are a lot of uninsured/underinsured motorists in AZ, as well as a high number of stolen vehicles, but pulling numbers out of your a$$ does not help your case, it hurts it... |
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| gmc74 |
quote:
Originally posted by craniotes
Excellent points, JL -- I stand corrected. As such, I suppose that it's entirely likely that some of us may be faced with higher premiums on our 2nd generation Xs.
I will say for the record that I did get stuck with a higher premium than originally quoted by GEICO after they ran my VIN and discovered that I had a Sport/Entertainment model (mind you, the disparity in price was barely $100 for the entire year). Even so, the rate I wound up with was quite reasonable given where I live. That said, if they try to kick it up $600 in March, I'm looking elswhere for auto insurance.
Regards,
Adam
Are your taxes less having it registered in NY? I know that the property tax in CT was high when I lived there 10 years ago, but I would think the cost would be less to insure, than in NYC. Why don't you have it registered and insured in CT? Since you leave it at your house there during the week ;) |
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| gmc74 |
quote:
Originally posted by tazdevl
Have a 2007, 6 month old MDX. Just received my annual insurance renewal and the premium went up by over $600 per year. I was without words. My wife and I have $500K/$500K coverage, deductible hasn't changed, no auto claims or speeding tickets, no homeowners claims or umbrella claims. We are insured through GEICO in AZ. Rates are pretty high thanks to all the uninsured a-holes on the road.
Called my insurance company to discover why. Turns out the increase is solely due to the 2007 MDX.
The insurance industry ratings on the 2007 and higher MDXs have changed and the risk level has been increased, which is bad for us. It is a riskier vehicle now. The rating take into account occupant injury, accident rates, damage to other vehicles etc...
This is a NATIONAL rating so expect your premiums to increase at your annual renewal.
Keep in mind all insurance companies interpret the actuarial tables/ratings differently, so depending on the company and location you may not have as dramatic increase as I experienced.
For those of you affected, I suggest you call Acura Client Services at 800-328-2238 and complain. Something is hinky and Acura needs to sort it out.
BTW, as most have us have assumed, your insurance company is full of $hit-
Here is a story on MSNBC that just came out, Acura MDX got the highest rating possible
Looks like you really do need a new insurance company, send me an IM and I will give you my insurance agents info here in Phoenix. |
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| craniotes |
quote:
Originally posted by gmc74
Are your taxes less having it registered in NY? I know that the property tax in CT was high when I lived there 10 years ago, but I would think the cost would be less to insure, than in NYC. Why don't you have it registered and insured in CT? Since you leave it at your house there during the week ;)
Actually, I keep the X garaged in the city during the week and use it to drive up to CT on the weekends. As such, I need to keep it registered in Manhattan so I can take advantage of the NYC tax exemption for parking in my building's garage. However I am going to register my Benz in CT to take advantage of the lower insurance rates since I now leave it out there during the week.
Regards,
Adam
PS - While the property taxes in my area aren't cheap, they're still a lot lower than what folks are paying in Westchester and New Jersey. Once my son is ready for school, we're moving to Weston full-time -- Manhattan is waaaaaaay too expensive for working stiffs such as myself. |
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| gmc74 |
quote:
Originally posted by craniotes
Actually, I keep the X garaged in the city during the week and use it to drive up to CT on the weekends. As such, I need to keep it registered in Manhattan so I can take advantage of the NYC tax exemption for parking in my building's garage. However I am going to register my Benz in CT to take advantage of the lower insurance rates since I now leave it out there during the week.
Regards,
Adam
PS - While the property taxes in my area aren't cheap, they're still a lot lower than what folks are paying in Westchester and New Jersey. Once my son is ready for school, we're moving to Weston full-time -- Manhattan is waaaaaaay too expensive for working stiffs such as myself.
Yeah, the city is crazy. I have a friend that lives there, he makes a lot of money, but is essentially middle class there. He would be considered rich elsewhere in the country. It is insane, besides, where do the kids go out an play? There is no substitute for living in the burbs |
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| Needsdecaf |
quote:
Originally posted by gmc74
Yeah, the city is crazy. I have a friend that lives there, he makes a lot of money, but is essentially middle class there. He would be considered rich elsewhere in the country. It is insane, besides, where do the kids go out an play? There is no substitute for living in the burbs
There is also no substitute for being able to walk to Lincoln Center in 5 minutes. Or Times Square, the Javitz Center, etc..... :D
CT also has car tax that you must pay each year. Not cheap. Still not as expensive as Manhattan though |
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| gmc74 |
quote:
Originally posted by Needsdecaf
There is also no substitute for being able to walk to Lincoln Center in 5 minutes. Or Times Square, the Javitz Center, etc..... :D
CT also has car tax that you must pay each year. Not cheap. Still not as expensive as Manhattan though
Yeah, or paying $8 a pack for cigarettes, $7 a beer at the bar, $3000 a month to rent a tiny apartment... yeah, no substitute :)
When I lived in Rocky Hill, CT, 10 years ago, I paid $900 a year in tax on a $16,000 car. I don't think I pay that on a $40+K car here |
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| craniotes |
NYC is cool, provided you take advantage of all it has to offer. Now that I'm an old man with a family, I don't, which is why it's time to move. Sure, when I was a teenager and in my twenties, it was a blast, but no longer. I'm lucky if I have enough energy left at the end of the day to hit the gym for an hour.
Regards,
Adam |
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| Mike_TX |
quote:
Originally posted by tazdevl
People, regardless whether you pay monthly or quarterly, auto policies renew annually. You policy rate is locked in for 12 months regardless of when you pay, then it renews and the rate can change.
That may be true in AZ, but not in TX. Almost all the companies here write 6-month policies and they get to re-rate on each (6 mo.) renewal.
And while the State Board "polices" rates, the companies mostly employ a "file and use" rate scheme, where they simply file their rates with the state, who approves them unless they are ridiculous. It's up to the consumer to shop and find the most competitive rates for his/her specific situation.
The days of state-promulgated rates ended here years ago, and the free market reigns.
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| deanking |
While I am also in the "Geico is full of it" crowd, keep in mind that the ratings are not just about safety. It is also repair and theft costs. For all we know, a 5 mph bumper ding could twist the frame (it happened on my Explorer).
Talking lizards and sophisticated cavemen don't come cheap. Someone has to pay for them. |
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