With an insurance quote this high, is it even worth owning a twin?

[vividracing]

Arizona
28, driving since 17, no at-fault accidents
2 speeding tickets, 3 (or more) traffic camera tickets
Took a defensive driving school course when I was 18

Geico, $90/mo.

Look into getting a defensive driving course, most insurers would be able to give you a discount for it.

-RyanG

[computeruser]

I would have to think that the coverage details would play a pretty significant role in the cost, no? Depending what you are (or aren't) getting, $250/month could be a steal or a hosing.

For comparison: I'm in Michigan with all our unlimited lifetime medical and associated care benefits and their attendant costs, 250/500/250 limits, uninsured/under-insured, etc., costs about $105/month for a 2015 BRZ. Interestingly, it is only $3/month more than our 2014 Impreza's insurance costs with the same coverage terms. Homeowner's and umbrella liability through the same insurer, no tickets in the past 17 years.

[86geek]

OP hasn't mentioned what insurance company he has.....get a GEICO quote.....bottom line is if you can afford the car payments and insurance just call it a day...

[fatalelement]

I'm 23 in los angeles, unemployed student, about 5 speeding/moving violation tickets across two states (though they are from a few years ago at the latest). I don't remember the exact number but it isn't even close to $250, that's crazy. Mine was a brand new 2015 too.

EDIT: it's worth pointing out credit is a big part of it and my credit score is in the mid 700s, so that probably is a big help.

[jdmblood]

Originally Posted by strat61caster

Welcome to the world of responsibility. If your budget doesn't make ends meet keep living frugally (I mean keep driving the old Civic) until the tickets fall off your record and your insurance rates drop, last I heard it was 3 years but varies based on location. Besides, in the meantime you can save up

And I can't think of a single ticket that isn't wreckless, even if they're parking tickets or 2 mph that still screams irresponsibility from a repeat offender.

One, ok. Three is someone not taking notice and insurance companies are going to assess risk blindly from statistics, you will not argue yourself to a lower rate, especially not around here.



I'm a 24 year old male, high mileage driver, similar coverage ($500 deductible), high traffic area, I pay <$90/month including my second non-primary car.

I even totaled a car when I was 17 but that's fallen off the record.

Too many variables to make such generalizations.

How long does something like totaling a car stay on your record fo? Hows can you check your record?

[mn_ca]

clean history and a good credit score will help..i'm 29, own a 2007 S2000 and 2013 frs. both fully insured and pay $64 monthly. never had any tickets and my credit score is 790.

[strat61caster]

Originally Posted by jdmblood

How long does something like totaling a car stay on your record fo? Hows can you check your record?

It varies based on location and insurance companies, looks like Florida actually keeps it on your record for 10 years, most insurance companies are saying you can expect elevated rates for 3 years after which they will return to normal. If you are not at fault (i.e. you were the innocent victim) then your rates should not be raised but the incident stays on the record anyway.

I always just talked to my insurance company when quoting or renewing a policy about what's on my record and you can ask more specific questions such as when those things will fall off the record, they're typically very helpful on the phone when they want to get your money.

Now that I think about it, corporate car insurance people have probably been my best customer experience ever... The independent agents were kinda slimy (i.e. salesman for different companies, State Farm primarily) but the people employed by the company (AAA, Progressive, Allstate, Geico) have all been extremely pleasant to deal with.

[Doanation14]

Don't forget the importance of shopping around. The first quote i got made me think there was no way i could afford this car. A few calls later and i had a price almost 70 dollars lower per month. I couldn't believe the amount of variation! I am in Ontario Canada btw.

[eindio]

I pay 800$ a year for me and my wife on the frs. I pay 600 a year for me and my wife on the corvette kbb values are = for both and we live in SoCal with AAA it's all about demographics, what's the average age of the drivers of both vehicles.

[WolfpackS2k]

You've got 3 tickets so right now you have to pay for those mistakes. 3 years from date of incidence they come off your record (that's for all states). Reassess things after 1-2 tickets drop off bc $250/mo is ridiculous.

I've got 5 pts on my record and pay $133/mo for my Porsche (full coverage) and Integra (liability only).


Sent from my iPhone using Tapatalk

[Packofcrows]

Depends on credit bro and many factors.

$332 and change/month
x<4.5% APR 5year.

+

Insurance@$110/month, clean record, decent neck of the woods, also seems bit high but I'm 25, and have highest insurance coverage available for everything.

Try Mercury or Progressive.

Originally Posted by SUB-FT86

I am jealous of all you guys younger than me who are paying $100 a month or less. I'm going on 31 and I have never had a ticket or accident since I started driving at 18 yet I can't find a deal less than $100 a month. Clean record yet most companies want me to pay what a 23 year old pays with 2-3 tickets

$110/month. I've had mine since 16.5, 1 accident, 50/50 fault, 1 speeding ticket, I was the fat and the furious in a Corolla, now 25yr old, my streets have a lot of radios stolen but nothing else... Neighbor is 27, 2015 TC, he pays $76 or so. SOB.

Depends where you live and % of car crimes/property damage...etc cases reported. I feel you though. I started paying $350/month from age 16-18. I was the guy who never had enough to go to the club in his car because he was paying for the insurance during college.

[sftateofmind]

Originally Posted by GotBRZ1691

That is extremely high, IMO. I am in California, so price of living is higher than your area. Im 25 with several speeding tickets on my record and a ticket for rolling a stop sign (come on man, manual car, in SF, on the Moraga hill going up) and my insurance is only $150.

What company are you with and is your car under someone else's name? That doesn't add up at all lol. Especially in San Francisco with several speeding tickets and a rolling stop violation on record.

[SUB-FT86]

Originally Posted by Packofcrows

Depends on credit bro and many factors.

$332 and change/month
x<4.5% APR 5year.

+

Insurance@$110/month, clean record, decent neck of the woods, also seems bit high but I'm 25, and have highest insurance coverage available for everything.

Try Mercury or Progressive.




$110/month. I've had mine since 16.5, 1 accident, 50/50 fault, 1 speeding ticket, I was the fat and the furious in a Corolla, now 25yr old, my streets have a lot of radios stolen but nothing else... Neighbor is 27, 2015 TC, he pays $76 or so. SOB.

Depends where you live and % of car crimes/property damage...etc cases reported. I feel you though. I started paying $350/month from age 16-18. I was the guy who never had enough to go to the club in his car because he was paying for the insurance during college.

Credit is the dumbest reason to hike up someones insurance. Whoever came up with that knew it was stupid but just wanted to find a way to justify making someone pay higher/

[Packofcrows]

Originally Posted by SUB-FT86

Credit is the dumbest reason to hike up someones insurance. Whoever came up with that knew it was stupid but just wanted to find a way to justify making someone pay higher/

OOPSY!

I think you misread or I mistyped on that post.

I was merely sharing on OP's:

...A bit of a blow considering I was willing to pay up to $450 a month on the car loan itself...

quote.

Just saying that $450/month for car+his quote of $250/month insurance would be a sad $700-800/month, whereas, I do about $450ish for mine. $332/loan+$115 insurance.

It would not be worth it imo.


Sorry, I type buzzed a lot. Whisky or rum time is shared with my computer time after work.