August 27, 2012
Insurance Company: The Travelers Companies
Coverage Type: Umbrella
- Underwriting - Premium Too High
I have had Traveler's insurance for my home and car for over 23 years. I just got a new bill -- they raised my rate over $600 per year (my new rate is $823 per 1/2 year; my rate 6 months ago was $515 per half year). What was their excuse? -- A speeding ticket last year -- which was a little over 10 miles per hour. Since when do speeding tickets affect insurance rates? Especially when my rate is maybe, at best, 1 every 3 years. I have had no accidents or claims for years. First of all, my occasional speeding should have nothing to do with my insurance rate. I could understand car accidents, but I made no claims for years. I have turned from 70 to 71 in January. While the ostensible reason is a traffic ticket (which has never affected my insurance in years past), it is basically age discrimination.
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