Insurance cost?

[billwot]

Originally Posted by shellslinger

As someone who works in insurance. Everyone should know the term "full coverage" is not really an insurance term. It's just a misnomer. Everyone please read your policies and see what types of coverages you're actually afforded before thinking you're covered for "everything" but when you get into accident you find out you only have liability, comprehensive, and collision only, which means you get stuck with the rental bill or paying for your own medical bills.

I advise everyone to read over your policies and check what types of coverages you have before paying for "full coverage".

[blackhawkdown]

Originally Posted by strat61caster

Young buck here.

My insurance has been within $10 of yours for my entire ownership of this car and my 'car note' was less than yours as I put in a sizable downpayment. I make less money than you and I had the car paid off in under 2 years, while maintaining >6 months of liquid assets for an emergency.

I also don't have a mortgage, the associated homeowners insurance, property taxes, only one (sometimes two or three) mouths to feed, bodies to clothe, sets of teeth to take to the dentist, I entertain myself with youtube instead of a several hundred dollar per month cable package, I don't have a landline, storage unit, life insurance policy, I'm not saving up for a new fridge, oven, washing machine, a $60 video game can keep me engrossed for dozens of hours compared to $10 for a movie ticket plus popcorn and soda (another $10 right there just for 2!), an exciting evening to me is changing my own transmission fluid, so many other things we just don't have to worry about. After I put a roof over my head, cover all my recurring monthly bills as a modern citizen nearly half my take home is 'expendable'.

I was very fortunate to graduate college with minimal debt and land gainful employment soon after, my parents went out of their way to give me the chance to succeed, for some they were too generous, for others they pale in comparison to those afflicted with affluenza, but they haven't given me a dime since I graduated (ok, maybe a couple home cooked meals). I'm a rarity sure but not an impossibility.

I wish I was single. No BRZ for me, It would of been a Caymen. But due to responsibilities as a father and husband, I can only save money until I can afford one without living paycheck to paycheck.

[Miniata]

44 years old
28 years of driving, all with State Farm
Central Ohio (not in a city)
Clean driving record, but a lot of tickets when younger
$47/mo for BRZ, $243/month for all 7 of our cars (all but one Miata have full coverage)


When I was in my teens I paid as much for insurance every month on two cars as I do on seven now. One of the few advantages of getting older.

[strat61caster]

Originally Posted by blackhawkdown

I wish I was single. No BRZ for me, It would of been a Caymen. But due to responsibilities as a father and husband, I can only save money until I can afford one without living paycheck to paycheck.

Nah man, DINK is the way to go.

Dual Income No Kids

[ChrisSC300]

30 y/o w/ Allstate
$50/month full coverage. Gatta love being old with marrage & homeowner discounts.

[Muaddib]

So jelly that you guys pay next to nothing compare to us getting raped by our insurance company.

[spicyricecake]

Not sure if I'm paying too much for my insurance or not...

I have quite a few discounts but my premium still comes out to $220/month

22 (about to turn 23 next month) Male
drove since 16 but 18 on U.S. record
1 minor bump caused hydroplaning
1 speeding ticket (less than 9 mph) but took defensive driving course and got it waived
I'm with Geico


Personal injury non deductible
medical payments $2000 per occurence
Uninsured motorist stacked 25k/50k
Bodily injury liability 25k/50k
Property damage 50k

Comp $500 deductible
Collison $500 deductible
Rental reimbursement $50/day, $1500 max
Roadside service $7.10 for 6 months

[Tcoat]

Every one of these posts are totally irrelevant to each other!
Unless you live in the exact same neighborhood, are the exact same age, have the exact same record, and just in general are the exact same person then costs will always be different!

[spicyricecake]

But it does give us a general idea of what is considered outrageous... I personally want to know if I'm paying too much for my age.

[extrashaky]

Originally Posted by Tcoat

Every one of these posts are totally irrelevant to each other!
Unless you live in the exact same neighborhood, are the exact same age, have the exact same record, and just in general are the exact same person then costs will always be different!

To illustrate this point, when I was much younger I lived in Brooklyn, NY for a few years. In NYC, almost everything is more expensive in Manhattan than in the outer boroughs EXCEPT for insurance. At that time (mid 90s), auto insurance in Brooklyn was three times what it would cost for the same person and the same car in Manhattan.

The reason was that people in the outer boroughs actually drive their cars (and therefore get into more accidents), while people in Manhattan usually leave their cars parked and walk or ride the subway, only using the cars to get out of town occasionally. Despite the high number of fender benders in Manhattan itself, very few of them involve people who actually live in Manhattan. All the cars you see clogging up the roads are from across the bridges and tunnels.

A lot of people in Brooklyn and Queens try to get a break on their insurance by getting friends who live in Manhattan to let them use their addresses. Geico even had a separate address affadavit they would make you sign if you used a Manhattan address.

I now live in Louisiana, where my insurance doubled from what I was paying in Tennessee. That has nothing to do with my car or my driving. It has to do with the fact that Louisiana drivers are some of the worst drivers in the country and end up costing the insurance companies a lot of claims, which they pass on to Louisiana customers as higher premium. I haven't caused any accidents, yet I get to pay for all the stupid people here who have.

Originally Posted by spicyricecake

But it does give us a general idea of what is considered outrageous... I personally want to know if I'm paying too much for my age.

It doesn't really help, simply because most of the insurance rate calculation is completely out of your control. Like I said, my rates doubled when I moved from TN to LA. What I'm paying now in LA is reasonable for this location, but would be considered insane by people living in Nashville.

[miyoshi82]

I'm still shopping around for insurance. Progressive has given me the best deal right now for $88 a month for a FRS, and that's only comprehensive I believe. I had 2 fendor benders and a ticket for doing a "California Stop" within the last 3 yeas. I'm sure it may get close to $100 a month if I claim a FRS RS.

Currently going to use the FRS as a weekend-only/long road trip car so I can keep the mileage low.

[LucidMomentum]

Driving for around 6 years now, no accidents or tickets.

My mom worked for USAA so we all get to use their insurance. I pay about 80$ a month for the FR-S in CA. No complaints, really.

[Defuser]

My insurance doubled when I moved from California to Florida.


My homeowner's went up MORE than double.


No state income tax in Florida, which helps pay for the ridiculous insurance premiums.

[Decay107]

26
Oregon
1 Speeding ticket and Accident in the last 3 years.

I come in around $170/month total for 3 cars and 2 drivers with Pemco and 2 bikes with Progressive.