$250.00 a mo. Insurance DTLA

[AznBRZer]

Originally Posted by Tcoat

In Ontario age doesn't really factor in per se but years of driving do so the 20 year old driving for 3 years will not have the same rate I would with driving for 40 even if everything else was exactly the same.

Good example. I should've also added that different states, provinces, and countries have different regulations on how points are calculated. In my state, you hit the lowest rate after 6 years of no surchargeable incidents. No one under 23 will ever qualify for those rates here.

[Chad11491]

They must charge more for more heavily populated areas. I pay 88/m with geico full coverage. 24 clean record.

[Ddreder]

The area you're in probably raises the rate a little. Definitely check out geico. I believe they give out almost the lowest rate for young people driving FR-S's. Mine is $120 a month with my FR-S and my miata on liability. I even lowered my deductible to $500 but I had to finally drop PIP.. To much money.. lol also uninsured motorist costs a bit. Anyways one way or another you should be able to find far cheaper somewhere else.

[TOZER]

Originally Posted by Tcoat

In Ontario age doesn't really factor in per se but years of driving do so the 20 year old driving for 3 years will not have the same rate I would with driving for 40 even if everything else was exactly the same.

Age is a huge factor until you hit 25. If you have a 26 year old that has had his license for 3 years and a 20 year old with their license for 3 years. The 26 year old's rate will be significantly lower. But to contribute to this thread with people complaining about 250 a month, I'm paying 484

[Tcoat]

Originally Posted by TOZER

Age is a huge factor until you hit 25. If you have a 26 year old that has had his license for 3 years and a 20 year old with their license for 3 years. The 26 year old's rate will be significantly lower. But to contribute to this thread with people complaining about 250 a month, I'm paying 484

I stand corrected.
OK, so when you reach my... ummmm... ahhhhh... "advanced" age it no longer makes a difference I guess. They were supposed to get rid of that whole age thing a while back but I never really paid attention if they actually did.

And $484 isn't too far off what I pay a year!

[dtrop]

Move away, that's really your only option to see a significant decrease.

I'm 26, clean record, fully insured, and I live in a small town in Massachusetts with a population of 3500.....$77 a month.

If your record is clean, and have 6 years driving experience with a license, your location is the biggest factor.

[tennisfreak]

A. Your coverage is too high.

B. You're getting RAPED!!!!!!!!!

[billwot]

The only thing more useless than a "...how much does insurance cost?" thread is...uh...well...nothing is more useless.

[Veloist]

No one ever mentions their assets, which is why insurance rates will differ.

If you own a house, property, or other land, you'll be paying more.

If you don't, then you really do have a bad deal.

[mav1178]

Let's go over aspects of insurance that affect your rate:

ZIP/Postal code
Driving record
Age
Credit history
Cost of car
Liability limits
Deductible
Secondary coverage (medical, uninsured motorist, etc)

That's before the deductions such as multi-car policy, garage, anti-theft, multi-insurance, etc etc.

-alex

[continuecrushing]

Originally Posted by Garcia_A

So i feel like im paying waaay too much for insurance. Wanted to get an opinion. I pay $250 a month. Thats $3000 a year!!!

2015 FRS 4 months old
Clean driving record. No accidents & or Tickets
Live in Downtown Los Angeles
Commute 20 Miles a day

Currently have Full coverage, $300,000 bodily, $100,000 Property, $60,000 Uninsured motorist (Mercury Insurance)

Is my coverage too high? I was told because i am making payments on the car i had to meet the lenders coverage requirements.(I am buying, not leasing) I have not been able to find lender (TFS) requirements anywhere? I have an insurance agent who is supposed to find me the best deals, he supposedly found this information. I feel a bit skeptical.

Is there anyone else living in or around Downtown Los Angeles that can give me something to compare to? Any opinions would also help.

Well thats your problem right there son

[Tcoat]

Originally Posted by billwot

The only thing more useless than a "...how much does insurance cost?" thread is...uh...well...nothing is more useless.

Boils down to a monitory duck measuring contest really.

[Garcia_A]

Thank you guys for all of your feed back. This really helps me out. Im going to try several different things.
No insurance agent, search for different rates from other companies, possibly even try and put it under a different address.

Thanks again all your feed back really helps.

[dubbrand]

I would call the insurance company directly and not go through an agent. I had Progressive through an agent for a while. I ended up calling them directly to get a quote and it was a few hundred cheaper. I pay every 6 months which also knocks off a couple hundred.