insurance premiums (USA)

[sym]

yep, no escape oh well.. i love driving my precious

Did you try Progressive?

I'm paying ~$800 a year for decent coverage. I know some like having lower deductibles but $1000 would be the least of my worries if I got in an accident that caused more than $1000 in damage.



I have two speeding tickets (older than 3 years now, not when the policy was purchased), no accidents, and in my 20s.

Nationwide quoted me $2500. For 6 months. The rep couldn't answer me when I asked why their coverage (apples to apples to my progressive policy) was 6x as expensive. Once I got the Progressive quote I stopped looking. I'm not even remotely disappointed in how much I'm paying, especially after talking to others about how much they pay for insurance and reading these forums.

 

[MerlintheMad]

@sym: Looking over my policy with State Farm, I have $500 deductible on both comprehensive and collision. The collision deductible is half of my premium. I pay $574.13 every six months. So that seems in line with Progressive. You pay less for a bigger deductible.

 

[sym]

@sym: Looking over my policy with State Farm, I have $500 deductible on both comprehensive and collision. The collision deductible is half of my premium. I pay $574.13 every six months. So that seems in line with Progressive. You pay less for a bigger deductible.

Definitely. I just checked what a $500 deductible would do to my rates, it'd be $50 more every 6 months. Which means if I don't get in an accident for 5 years it was worth it... Hmmm.

My thinking though is that the goal is to not make any claims. If I did have an incident, it would have to be quite a bit more expensive than $1000 for me to consider making a claim. I think you'd see your rates go up across every insurance provider. They are going to get their due one way or another.

Interested to hear your thoughts here though. I haven't been doing this for very long. Is it really worth it to pay for lower deductibles? $1000 seemed like my happy place.

As a result of this thread I also merged the insurance policy I was carrying (~$500 a year) for a car I hardly ever drive with my Stinger policy. It only added $30 a month because the car isn't worth having comprehensive or collision coverage. So it now basically just shares my liability insurance. Pretty happy about that!

 

[Paul32]

@sym: Looking over my policy with State Farm, I have $500 deductible on both comprehensive and collision. The collision deductible is half of my premium. I pay $574.13 every six months. So that seems in line with Progressive. You pay less for a bigger deductible.

I have Allstate. My collision deductible is rated at $1,000 but I'm down to $500 due to a $100 reduction each year with no claim. My comp. is $250 and is priced at $56.80, don't think there would be much of a savings increasing that to $500? I also have the GT1 and live in Florida.

 

[MerlintheMad]

@sym: The vehicle on this same policy previously was a '94 Voyager with liability only. I must have just got in the habit of $500 deductible, because I didn't change anything when the Stinger took over, other than to add "comprehensive".

 

[MerlintheMad]

I have Allstate. My collision deductible is rated at $1,000 but I'm down to $500 due to a $100 reduction each year with no claim. My comp. is $250 and is priced at $56.80, don't think there would be much of a savings increasing that to $500? I also have the GT1 and live in Florida.

That no claim reduction is pretty cool. I don't know anything about that. Your comprehensive is only a little more than mine, at twice the value. Hmm! I wonder if it would be c. the same for me?

 

[BlaydeX15]

299/6 mo for mine. Progressive, Comp/Collision with a 500 Deductible, 50k/100k across the board. Should probably up that. Funny thing is, insuring the Stinger is only like $8/mo more expensive than my old 2011 Ford Fusion.

Married, 2 kids (9mo and 3yr), and I'm not even 30. (Cheap insurance on a 'sports' car for someone in their 20's? Someone messed up. Lol.)

I do switch insurers a lot though. Whenever I get a new car or move, I throw my information out there and get a few quotes. If they beat my current insurer, I switch. Same with cell carriers. Gotta take advantage of the system!

 

[MerlintheMad]

@BlaydeX15: Maybe it's a Roosevelt thing. I don't think anyone on this thread has come remotely close to touching that lowness.

 

[StingerNYC]

So my insurance company just broke the bad news....my annual premium for the Stinger GT is going UP 153.00 per year (total 618.00 per year) over my 2016 Camaro SS (455 HP)!! WTF! I am 45 years old BTW. I am waiting to hear what the explanation is. Are you guys seeing high rates to insure these cars? I paid less insurance for a Corvette a few years back. Guess it is time to go insurance shopping.

I would kill(almost) for that rates! Im paying about 2,400 a year. Never an accident, never a claim... ever. I shopped everywhere and this was the cheapest by about 50%.

 

[Paul32]

I would kill(almost) for that rates! Im paying about 2,400 a year. Never an accident, never a claim... ever. I shopped everywhere and this was the cheapest by about 50%.

That's because you drive on the Cross Bronx highway.

 

[YEH]

Keep in mind that for those who have opted for the GT2 w/ all the bells and whistles or are moving up from a car w/o much in the way of the latest safety tech [such as AEB], such amenities keep insurance premiums up since they are expensive to replace.

 

[max2382]

Sorry, I already posted this in a different thread, but this one seems way more active and I am in need of advices.

All right, I am definitely doing something wrong here. I got 3 quotes today for a leased GT2 RWD (Geico, StateFarms and Progressive). I need to drive 20k miles per year (I know it's a lot and does not help, but that can't change that). All of them quoted me for 6 months for about $1500. Now, reading what you guys are actually paying convinced me there is something wrong about what I am doing and I do not understand. I do have a speeding ticket and that adds to the policy $15 to $50 each month (depending on the company). But still, the prices I got quoted are insane. Any help? I am in California (Los Angeles). Thanks

edit: I kept checking with other companies and those are the numbers I constantly get. I even got quotes saying I drive 5k miles per year and I am still getting that range ($230-300 per month). What am I doing wrong?
As said, I am leasing a GT2 so 100k/300k, but then even keeping the deductibles at 1k I am still getting in the $ 250 range per month...help!!

 

[Paul32]

Sorry, I already posted this in a different thread, but this one seems way more active and I am in need of advices.

All right, I am definitely doing something wrong here. I got 3 quotes today for a leased GT2 RWD (Geico, StateFarms and Progressive). I need to drive 20k miles per year (I know it's a lot and does not help, but that can't change that). All of them quoted me for 6 months for about $1500. Now, reading what you guys are actually paying convinced me there is something wrong about what I am doing and I do not understand. I do have a speeding ticket and that adds to the policy $15 to $50 each month (depending on the company). But still, the prices I got quoted are insane. Any help? I am in California (Los Angeles). Thanks

edit: I kept checking with other companies and those are the numbers I constantly get. I even got quotes saying I drive 5k miles per year and I am still getting that range ($230-300 per month). What am I doing wrong?
As said, I am leasing a GT2 so 100k/300k, but then even keeping the deductibles at 1k I am still getting in the $ 250 range per month...help!!

You can check on this but my dealer told me there is no longer a requirement to carry 100k/300k, could lower to 50k/100k. And, yes your premiums are way high. Check Allstate. LA is most of the problem though, I think...

 

[max2382]

You can check on this but my dealer told me there is no longer a requirement to carry 100k/300k, could lower to 50k/100k. And, yes your premiums are way high. Check Allstate. LA is most of the problem though, I think...

I was hoping for that but the 100/300 is still required, at least for my lease. Checked also Allstate, Farmers and other 3-4 companies. all the same. I mean, if those are the numbers, fine. I just wanna be sure I am not doing something wrong that mess all up. I was wondering if someone (not in LA) that has been quoted around $100 per month could get a quote under the same conditions he used, but entering he lives in LA, just to see if it is me, or actually where I live

edit: I was also wondering if the GT2 has any of those recovery system that will give a discount (lojack, teletrac, on star)