Potential FRS owner - query

[CoolHandLuc]

Hi guys, hopefully I am posting this in the right place!

I just moved to the USA (Florida/West Palm Beach area) from England, I am looking in to getting a car / getting licence here and I just wondered, am I gonna get taken to town on the insurance over here?

I am 31 and married, I was driving 3 years back in England (didn't need a car much due to the availability of public transport and job/home proximity!).


Does anyone have any idea how much I might expect to be paying for insurance here on an FRS?

[forzajuve]

The best thing you can do is call an Auto Insurance agent (with a good rating/review) and get a quote

[Tromatic]

Shop around, for sure. Being young-ish and with not a lot of driving history, you might be facing higher rates. Being married, though, will help. Try Progressive Insurance. My rate with them went down when I got the FR-S.

[tennisfreak]

Im 34, married.

My wife and I both have 2 incidences each on our records.

For my FR-S and her Lexus RX350 (both 2013 models) we pay $733 for a 6 month policy of full coverage with progressive. Mind you we pay in full and if we were to do monthly payments the policy would be $900.

[humfrz]

Originally Posted by CoolHandLuc

Hi guys, hopefully I am posting this in the right place!

I just moved to the USA (Florida/West Palm Beach area) from England, I am looking in to getting a car / getting licence here and I just wondered, am I gonna get taken to town on the insurance over here?

I am 31 and married, I was driving 3 years back in England (didn't need a car much due to the availability of public transport and job/home proximity!).


Does anyone have any idea how much I might expect to be paying for insurance here on an FRS?

..... to the USofA, there, CoolHandLuc.

As forzajuve mentioned, best you contact a few agents to get quotes.

Any estimates, without knowing the specifics, could be quite misleading.


humfrz

[CoolHandLuc]

Hey - thanks humfrz, and the rest for the help!

Still waiting on my SS number so I can't run any online insurance quotes at the moment, but I'm pretty set on getting an FRS now.... just hope I'm not paying over $150 amonth for insurance!

Cheers
Luke

[86-tundra]

Originally Posted by CoolHandLuc

Hey - thanks humfrz, and the rest for the help!

Still waiting on my SS number so I can't run any online insurance quotes at the moment, but I'm pretty set on getting an FRS now.... just hope I'm not paying over $150 amonth for insurance!

Cheers
Luke

I would be surprised if it were that much. I pay about that for 2 cars and I am not married and not 25. (I think the Fr-S alone is around $90 or $100 for monthly payments)

I recommend staying away from companies like geico, even though their insurance may be cheap.

[robwbright]

As I understand insurance rates, the keys for lower rates are being 25+ and/or being married (and, of course, no tickets/at fault accidents). I don't think there's much of a discount for age beyond that.

I'm 41, married and no tickets/accidents in last 3 years. I pay about $65/month on the BRZ through State Farm.

I'm also an attorney who has handled a fair amount of car accident cases. Based on my experience, the two of the worst companies for not being reasonable in paying claims are Nationwide and Allstate (often referred to as "Allsnake" by Plaintiff's attorneys).

An example: 95 year old Allstate insured causes an accident which resulted in serious physical damage to a 63 year old woman. Woman goes to doc immediately complaining of neck, back, knee and other issues. Knee apparently hit the dash. On her next two weekly visits, she complains about most of the issues from before, except that she didn't mention the knee. On the following visit, she complained about the knee again. The GP referred her to an ortho who determined that she needed a knee replacement, which she then had. Both docs said that the knee replacement was related to the accident. She incurred about $83,000.00 in medical bills.

Allstate reviewed the case and determined that - because she didn't complain specifically about the knee for two weeks, therefore, the knee replacement was not related to the accident. As a result, Allstate offered $12,000.00 to settle the case. Allstate never increased their offer prior to trial. BTW, Allstate bases their offers on a computer program - someone enters the injuries into a computer program and the computer spits out a value for the case (i.e. the amount the adjuster should offer). Since the "someone" either didn't fully review the medical records or concluded that the knee replacement wasn't related, then the computer spit out the $12,000.00 number as the settlement value of the case. Apparently neither the attorney nor the adjuster have the authority to modify that offer.

We tried the case and the jury gave the woman $233,000.00 to cover medicals, past, present and future pain and suffering. The Judge found that Allstate's offer was not reasonable. As such, the woman was entitled to interest on the $233k back to the date of the accident (which was nearly 5 years before the trial). That resulted in another $70,000.00 in interest on top of the $233,000.00, for a total judgment of over $300,000.00.

If Allstate had offered somewhere in the range of $60,000.00 to $80,000.00 to settle the case, our client likely would have accepted it. But $12,000.00 certainly was not enough.

The other side of the case is the client. The most she would have gotten without a trial was $12,000.00. She hired us to handle the case and she didn't want to pay the hourly rate. We took it on the standard contingent fee agreement of 33% of settlement before trial, 40% of verdict after trial, with our office getting $0.00 in the event of a ZERO verdict.

When we got the check, we cut her 60% of $303,000.00 and 40% for us. She complained that we were taking too much of her money.

Think about that. She would have gotten only $12,000.00 on her own... and she actually got about $180,000.00 with our help - and then complained that our fee was too large... even though she knowingly signed the fee agreeme

[tennisfreak]

I can attest that Progressive pays claims well, easy, quick, and no hassle.

Wife totaled my truck last month. They had me a check within 2 weeks. Even after a $1000 deductible they still cut me more than I thought my truck was worth.

It was a 2007 Toyota Tacoma I bought new for $25k. I owned it just shy of 7 years and put 107k miles on it and kept her in immaculate condition. She had been in the body shop 3 time for minor work (2 dent and paint repairs, 1 repaint of a door).
Progressive cut me a $17k check (so they valued it at $18k if you consider the 1k deductible). Kinda hard to believe a near 7 year old truck depreciated only $7k dollars.

[subiestyle]

Originally Posted by trevorovert

I recommend staying away from companies like geico, even though their insurance may be cheap.

why not geico?

[86-tundra]

Originally Posted by subiestyle

why not geico?

Geico is great if you don't get into a wreck. When you do, they can be painful. Not how insurance should work.

[J_kennington]

Originally Posted by trevorovert

Geico is great if you don't get into a wreck. When you do, they can be painful. Not how insurance should work.

Sadly I will agree with this guy. I've had geico for 7 years now. In that time had a couple rear ends(other person rear ended me). Geico did fine, last week I was rear ended in my frs on the interstate. Other lady had geico as well, she claimed a 3rd vehicle hit her and pushed her into me then left. Geico told me "since the 3rd vehicle left, we can't charge anyone's insurance so you(I) will have to use my uninsured motorist coverage with a 250$ Deductible."

I kept trying to explain to them, SHE hit me, there's no proof of a 3rd vehicle and her rear had NO damage on it. They refused to charge her policy.

Lesson learned, will switch from geico as soon as my frs is fixed.

[EAGLE5]

1. You can switch from Geico now. You were covered by them on the day of the incident. That's all that matters.
2. How much liability coverage you get makes a huge difference to price.
3. Your zip code makes a huge difference to price.

[Mooseknuckle44]

I'm 30. Married. 2 kids. Own my home. 4 cars total on the policy. I'm the primary on my FrS. One speeding ticket still lingering on my record. Full coverage, from Allstate is $1100/yr. for me. With my home and all the cars l think l'm getting a good %age off because 5 other ins companies were over $1400/yr.
Good luckz


Sent from my iPhone using Tapatalk