2016 Insurance costs
 

Hi All,


I just joined the FRS family. I LOVE my car, but I just got my insurance rates back and WOW are they high. I haven't had any accidents or claims in three years and I am 38... IT is $2300 a year! I heard it is due to the higher accident rate with the frs. This isn't going to deter me from keeping my car, but DAMN!

That's odd, in Ontario Canada my insurance company it's actually cheaper to insure the FRS oppose to a Corolla. More Corolla's get in accidents here :P

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it's because everyone that hopes in this immediately thinks they become The Stig and turn off TRAC

200hp and 151lbs of torque will still bite you on the ass if you get careless and reckless

For the one car? My FRS and wifes Soul is 148$ no tickets or accidents in 10 yrs. State Farm just keeps going up regardless. I also have my home with them. They say it's not the rate on the cars but the area I live in. Metro Atlanta

I forgot to say how much I was quoted...Bel Air quoted me $113 monthly for the FRS, my Corolla was $123

I'm 25 with no tickets or accidents.

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What company? There are dozens of factors that calculate an individual's rate and frequency of accidents is just one of the minor ones. It is not accurate to automatically say it is the accident rate that raised the price.

Belairdirect

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LOL I saw that in yours I meant the OP. Some of the US insurance companies have raised their rates over the last year due to low profits overall not because of increased accident rates with one model of car.

Hi Tcoat, I am using Citizens/Hanover insurance, it might also be my area here in Detroit,mi. They had raised prices on low profile cars. I also tried a few other places for rates and they were high also, a bit cheaper but still close. I have both my car and home on the same plan. On the plus side, my mortgage insurance is low. But the car insurance is high, my fiancé's 2013 edge is half my rate at 1300.

Ahhh see there is the problem! Only Challengers and Camaros get good rates in that area.


I will wave to you from Windsor tomorrow.

Indeed there are tons of factors that come into play on top of just the car. I'm with Belair like @rkaywhodat, but my rates are higher despite having a lot more driving experience (I'm nearing 40, married) and a 10+ year clean record. Other factors include:

• Your liability coverage ($1m or $2m)
• Your Collision deductable
• Your Comprehensive deductable
• Your Direct Compensation deductable
• Other policy riders like Accident Forgiveness, removal of glass coverage, rental car extensions, etc
• Waiver of Depreciation
• Winter tires discount
• Mods on your car (well, ones you declare)
• Anti-theft device
• and maybe most importantly: Where you live!

When I lived downtown Toronto but had no parking spot in our apartment, I had the car registered and insured as in downtown Toronto even though it was always parked in Richmond Hill because the insurance rates in RH were a good couple hundred per year higher than downtown.

Impossible to truly compare apples to apples between people without having a better idea of coverage levels and history. At best you can determine if it's more expensive for you versus other cars since you will likely have similar insurance from one car to the next.

I feel lucky to be only paying $180 for full coverage on my FRS@25. Wish it were lower though.

Mine just went up significantly thanks to my husband putting my FR-S over a median. I imagine it's going to go up AGAIN in October after he scratched up the door on his brand new Focus ST.

We're paying $217 a month for both cars: 2014 FR-S Monogram and a 2016 Ford Focus ST. This is up from $177 a month in the last policy cycle (though then we had the FR-S and a 2012 Ford Focus SE, so some of the cost increase is due to his new car which also has a shiny turbo in it... and insurance seems to no likey the turbo).

We also have renter's insurance with Progressive and $500 deductible.

Wow Maine is supposed to have higher insurance costs than a lot of the country and I still only pay ~$1500/y

And that's as a 24 year old with 2 accidents (neither at-fault though). Never had any tickets though so I suppose that probably helps.

Yeah Songha, feel lucky. I guess in the motor city I am screwed for having a "sports car" that isn't one of the big three. I am going to have to check around I guess, but I doubt that it will go lower. I have snow tires for the winter... but I guess that wont matter till later.

That does seem high ....... I don't care who you are or where you live.......:eyebulge:

Just to add to your apple/orange thing .... I pay $77 per month - USAA/average coverage/old man/just drives to the grocery store .....;)


humfrz

Man humfrz, kick me while I am down! j/k I have checked a few other places I can drop it a bit, but still high. I think the cheapest I was able to get it down with two cars was $230-240 a month depending on coverage. With Citizens it is $303 a month... sigh.

Oy! I changed to Progressive back in March of this year. GEICO had raised my rate to $155.00 more for the year so I switched. Paid only $485.00 for 6 months. Hoping Progressive won't be raising it come October or I'll be shopping around again. :(

That's about what I pay, maybe a lil less I think 73.

With AAA its $2800 a year for my FRS and Corolla :'(

But you get the special "WOW this guy is still driving at that age" discount.

Progressive didn't raise us until the at-fault claim, so you probably have nothing to worry about unless that happens or something changes in your coverage or living situation.

I am not looking forward to seeing what happens next cycle. Husband has had two at-fault claims in under a year. Prior to that (as in, I got my car back from the shop 2 1/2 weeks before he wrecked it), the only claim was when someone rear ended the guy behind me and shoved him into my car - so not at-fault since I was sitting at a stop light.

Yep, plus a few other discounts:

* hasn't hit the garage door casing backing out

* hasn't pulled away from the gas pumps with the nozzle still inserted

* hasn't ran into the grocery store by hitting the gas instead of the brake

* always signals (whether turning or not)

* no tickets for going 20 in a 55 mph zone

:thumbsup:


humfrz

Yet

Like other posters have said .... lots of factors involved. But the one constant I see is that insurance companies always seem to RAISE their rates regardless.

Shop your rates. Play with the numbers. Go with a higher deductible. Combine with home or apartment ins.

Depends a lot on the individual's situation.

Mine actually went down $4 a month last renewal. Same company, no changes. Don't know why and not going to ask.

are u serious $2300 for a year?

Allstate: $540 half year.

15 frs, 99 cavalier z24, and 00 chevy 3500 van all are $1200 a year from progressive. It is about half of what I was paying the last 20 years.
Not sure what happened but I'm not complaining. No more tickets and better credit probably helped. Maybe I'm getting old like tcoat and humfrz and they feel sorry for me? :D

Insurance for this car went up so much.
For a comparison, my rates since I got FR-S in 2012...
2012: Prius = 657, FR-S = 661
2013: Prius = 611, FR-S = 614
2014: Prius = 630, FR-S = 601
2015: Prius = 607, FR-S = 627
2016: Prius = 600, FR-S = 826

So, why jump so much from 2015 to 2016? I never got into any accident nor filed any claim.

So what were the increases like on the FRS?

It was stable for 4 years and then increased over 30% all of a sudden for 2016. Maybe you misunderstood my post. The list in the post is my insurance premium for both '12 Prius and '13 FR-S from year 2012 to 2016.

Yeah.. I am going to have to shop around, but FYI I did check progressive and they were 500 bucks cheaper, but I am saving that in homeowners insurance and the coverage for home owners is fantastic.

Holy crap. I just checked Allstate and did a quote online and almost fell off my chair. they want 4k a year. I think it is the area I live in.... I know a friend of mine lives in another county and his car insurance is super cheap and then he moved to another county and it went up 400%.

Ya it looked just like it was for the Prius. You didn't move or anything did you?

I had mine go up 50% when I moved a block and crossed a road that was a territory boundary one time.

daaaaaaa @Tcoat ....... I reckon the heat is taking a toll on your ECU ...... :laughabove:


humfrz

I live in CA, and u ?

Maybe ....just maybe, they figure you are overdue for an accident and they are just building an "escrow" for your account ......... :D


humfrz

Drunk I guess.

I PAY $3,400/year.... I'm 21, two accidents, one speeding ticket, no points on my license.... StateFarm is expenside bruh!

EDIT: $3,840/year...