LOL funny how your name is 2much

Personally I'm with Geico and I pay $99/mo full coverage and $100 collision deductible. If my deductible was $500 or $1000 I'd probably be more like $75/mo.

I was with State Farm previously because I thought the service was worth it, but in reality it doesn't matter, all that matters is how they pay out if you need to file a claim. With Geico, it doesn't matter who you talk to, they'll all send someone to inspect it and you take it to your choice of places.

Service is not an issue, its cost. They all dispense their claim payments the same.

-RyanG

No. Population density has nothing to do with it. Claims drive the rate differences. If you live in an area that has higher claims, you will pay more. If you live in an area that has lower claims, you will pay less.

A perfect example is New York City. If you live in Queens or Brooklyn, your rates will be considerably higher than if you live in Manhattan, even though Manhattan is more heavily populated. Why? Because people who live in Manhattan and have cars don't actually drive them as much as people who live in the outer boroughs, and therefore they get into fewer accidents. The insurance companies have to pay more in claims in the outer boroughs, so they charge you more if you live there.

When I moved from Tennessee to Louisiana, my insurance doubled. The reason for that is that the average claim in Louisiana is higher than in other states. It costs more for the insurance companies to do business here, so they pass that cost along to the consumer.

I would expect Los Angeles to have high rates because of the car culture there, where most people drive longer distances on a daily basis than in other cities. More driving leads to more accidents leads to higher claims.

LOL. Owning real property does not increase your auto rates. Where do people come up with this stuff?

Generally speaking you'd want higher coverage if you have assets you want to protect. If you get in an accident and have bare minimum insurance coverage that the justice system determines is not enough to pay for the damages you've caused they will take your property to settle the debt.

That means higher rates. See mav's post above. There are many people who have rear ended somebody, a person gets spinal damage and the offender loses their house to pay for all the medical bills.

The rest of your post is spot on.

It does not, if you do not increase your liability limits.

In reality, most people increase their limits so that the car coverage will cover as much damage as possible before court claims creep towards your house and other assets.

Same concept as why someone would set up a LLC vs a sole proprietorship.

Edit: this is useful because policy liability limits aren't usually taken into consideration when comparing insurance rates. It is also meant to illustrate how absurd OP's question is without context.

-alex

I live in socal, pay about 800. Had an accident 5 years but its all clear now, 25 years old. It's pretty high cause my brother love tapped someone two years ago. We both have full coverage, him on his mazda 3 2011 for 1100. So about 3600 on two cars, full coverage for a year. We have mercury.

My insurance rate will be higher because my coverage is higher for having a large equity on my house. In that case, that's my decision to raise my rates.

Of course, a person who isn't even halfway through their mortgage probably doesn't need that type of coverage, so they're likely to report lower rates. Some people don't even take into consideration that their property can be lost so they probably will report lower rates too.

That all makes sense, but that's not what he said. The insurance company doesn't raise your rates just because you own real property. That's your own decision to increase your limits.

Okay bro that is effed up. I hope I don't get flamed for this but fuck it. I'm 26 and have a DUI from when I was 22. I pay full coverage for $119.00 a month on a 2013. THAT'S WITH A DUI!!!!!! I've never had a speeding ticket/been pulled over/or a single accident. Find a different Insurance company.

**edit**
Forgot to put I live in Los Angeles (323). I believe you are getting billed a bit high. My best advise is to shop around. I got quoted from Geico $210 (with DUI) and several other TOP 5 insurance companies that were waaaay overpriced. I would recommend contacting Wawanesa Insurance which is what I use. Competitive rate to policy prices.

let me add some info here to a few good stuff that's already been mentioned by a few people.

like mav mentioned, there are SEVERAL individual factors that can and do affect your rates. doing a blind comparison is not only useless, but can be misguiding too. i used to be an insurance broker in DTLA for a few years back in the day. first off, you need to re-assess your coverage limits on what fits you. you have pretty high coverage, which isnt bad, but unnecessary if you don't have a lot of assets under your name (i.e. real estate, liquid assets, etc.). DTLA zipcodes (90010, 90012, etc.) aren't really "high" claim zones, but they're definitely not low either. TFS minimum requirements for loan qualifications on a vehicle is 100/300 bodily injury and 100 property... but this is only applicable to TFS LEASES. when TFS finances a car, you just need to carry state minimum of 15/30 BI, 5 PD (i think this is what the minimum was, can't remember since it's been awhile). This is REALLY low, especially in current times. 5k in property damage means your insurance will only cover up to 5k in damages to another vehicle/property... so if you rear end a rich kid's bentley or even something like a regular BMW 3-series and they incur more than 5k in damages, guess who's responsible? YOU. your ins co will pay 5k, and then the rest of the amount, the other party's insurance can go after you for it in court. this is why a lot ins companies/agents will suggest at least getting 25k for PD since the rate increase is usually only a few dollars a month but you'll get 5x the coverage over minimum.

we don't know hardly any info on your background and life and financial stuff, but just from what you posted, im pretty darn sure your specific premiums are that high because your agent got you unnecessary high coverages so he/she can get a nicer commission off your monthly 250 rate. ive owned 2 cars in the past through TFS and my current FRS is financed through TFS... they dont require 100/300/100 coverage on financed cars. But they will demand it on leased cars (almost every OEM finance arm will require the same too) to have the 100/300/100 requirements and also to provide proof of that insurance every year.

good luck.

Actually, a Political Science degree is in fact more useless than this thread.

As someone who works in the insurance industry, I'll put my 2 cents in this thread.

First of all, there is no such thing as full coverage. Common misnomer, what you have are coverages. Is there really such a thing as full coverage? Can the insurance company really cover you for anything and everything out there? The short answer is no, so look up what type of coverages before some doofus gets mad at their insurance company cause they won't put you into a rental because you thought you had "full coverage".

To the OP, if you want a lower premium, lower your limits of the coverages. Most people who have a the usual limits are 100/300 Bodily Injury, 50k for property damage. I would get rid of uninsured motorist property damage if you have it, because your collision/comp will cover that but you need to pay your deductible. You can elect to get rid of uninsured motorist bodily injury if you have health insurance.

Hopefully this helps you.

Feel free to PM me if you have any other questions.

BTW- I think your agent is pulling your strings. Best thing for you to do is call the insurance companies yourself to get quotes.

That's it in a nutshell. I have coverage far above legal minimums to match the umbrella policy through USAA for $45/month including $0 comprehensive and track day coverage. That drops to $15/month during storage.

Thank you BRGT86, thats great info for me to use. I didnt think it was necessary for me to have such high coverage and I do not have any major personal assets. Its possible my insurance broker thought it was a lease which is whats driving my high coverage, but i wouldn't be surprised if he's doing it to get a larger commission. I was however thinking that it was the area is also driving up the price. Its great for me to understand that DTLA has above average claim zones, if you think about it its kinda expected for DTLA.

Many people keep insisting that this thread is useless but I find it very helpful. I am not interested in comparing my rates with other but understanding what parameters are affecting my rates and what i can change to get a better rate. Its also great to get opinions about what people are paying. If no one else is paying more than i am then chances are im paying too much. I was also unaware of what coverage is required buying vs leasing. Thanks for clarifying that for me. This is also my first brand new car, and the first time i have my own policy. I had a salvaged tundra before and was only paying $80 a mo. so its more than tripled since then. The truck was under my parents insurance policy, which most likely gave us a better rate.

Thank again for all your feed back :)

I'm paying $115 total! Was $151!

Age: 25, this year i'll be 26.
Record: 1 accident where I hit a lady who ran a red light. I pulled a police back bump maneuver. 1 accident not reported by police officer. He hit me. Just barely though, so no issue and I was 19... I was happy to agree to not report.

Live in Monterey County.

As other peers of the community shared, even one street can make a difference in how much you pay. At age 25/26 it should go down.

Try Progressive or Mercury.

Concerning coverage, I am one level under yours but 1.5 levels above what the sh!tty law requires.

That's way to high bro..Mine is $450 in 6mos so in a year roughly <1K. Try state farm.I even have a free skylink on a package for theft protection.But I've got speeding ticket lately I don't know if would affect my premium.By the way we have same insurance with our house so try to consider that option too.Try and shop again they're stealing money from you, put it instead on modding your baby!

That's insane - you definitely should shop around, but keep in mind location is the biggest factor in price. Check all the major companies. I'm 27 too and have the exact same coverage. For both my lease and insurance, I am only paying $25/mo more than you in Wisconsin.

Consider taking a defensive driving course too. I got a speeding ticket reduced to equipment failure and because I had another ticket reduced within 5 years, I had to take the class to get it reduced. It cost me $50 and saved ~10% on insurance.

I never heard of that, but i will defiantly look into a defensive driving course. Especially if it cuts 10% off my overall.

Thanks!:w00t:

Get with Geico. I'm 18, alone on my policy, and paying $108 with higher limits than you.

29 year old in inland empire. 80dollor a month. Full coverage I think I am still paying too much

I pay $300 a month. Im not gonna put my driving history on blast but i also have merc and before the accident I was at $230 a month.

just to clarify, when i said DTLA is above average, i didnt mean it was abnormally high either.

For a somewhat relatable comparison, when i used to live in DTLA (zipcode 90012), i was 28, single male, owned just one car on policy which was a 2005 s2k, with coverage of 25/50 BI, 25 PD with a 1000 deductible. clean driving record and licensed since 16 yrs old. i was paying about $125/month with Progressive.

Man, people are paying a lot for insurance with these cars. I'm 23, live in NC and I pay $130 a month with Geico. That's with my truck and Miata on as liability, and the FR-S as full coverage. When I was 19, a brake line snapped in my first truck and I caused a 5 car pile up and like $10K worth of damage but that dropped off a few years ago. I got 1 speeding ticket that was reduced to 9 over but that also dropped off a long time ago. So my record isn't CLEAN, but there's nothing pending on it and I have no points on my license. Before I added on the FR-S, I was only paying $30 a month for 2 vehicles. I was told it'll probably drop down again sometime next year or later this year.

That's great that you live in NC.

I'm 18 and pay ~$1700 a year for nearly the same coverage. Gotta love AAA.

AAA - Torrance CA

2013 Scio $1,213 - details
Coverage Details
Coverages Limits of Liability Premium1
Liability
Bodily Injurymore information $15,000 Each Person
$30,000 Each Occurrence
$166
Property Damagemore information $10,000 Each Occurrence
$145
Physical Damage
Comprehensivemore information
(Less Deductible)
Actual Cash Value
$500
$84
Collisionmore information
(Less Deductible)
Actual Cash Value
$500
$785
Uninsured Motorist
Uninsured & Underinsured Motorist(s) Bodily Injurymore information $15,000 Each Person
$30,000 Each Occurrence
$33
Uninsured Deductible Waivermore information
Yes
Total Premium $1,213

I pay 271 a month and thats as its been steadily decreasing since the 3 years ive had the car. I was paying 350+ a month. Im 22 though so thats why

23 here, and I've been paying 250 a month through state farm, I recently stored the FRS away for the winter and canceled the insurance for the meantime, just ran a quote through Geico, and it came out to 130 a month. Planning to switch immediately.

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21 here, 1500 every 6 months.

i pay $300 something