US -Insurance

[David]

Hey all,

What kind of insurance premiums should we be expecting with the stinger in the US?

 

[eljay]

I would say it depends--coverage, deductible, previous claims record, who you insure with, what state you're in (since I assume they have varying regulations concerning insurance pricing). I asked at my State Farm office in SoCal a few months ago--showed her pictures--she oohed and aahed appropriately--and told her what the engine/hp was, thinking that since I'm sizing up significantly that might matter. She said "That doesn't matter; we'll base the rate on the price of the car." Perhaps once they're available, this will change, but it seemed they would price it like any other sedan, not as a sports car.

 

[hej]

From what I've seen, the premiums are going to depend largely on how safe the car is, and to a lesser degree how expensive it is to repair. Case in point, I was surprised to find that my BMW was cheaper to insure than a Honda Accord would have been.

It stands to reason that the Stinger won't be too terrible on the repairability side of things, but we don't know anything about the safety side.

 

[stsgxpgtpman]

I would hope that all the safety features of the Stinger would help keep the insurance a bit lower for all.

 

[David]

Yeah agreed. My 13 Optima is 150/mo. Is this too much?

 

[tv77]

Yeah agreed. My 13 Optima is 150/mo. Is this too much?

Depends on:
- Age
- Driving history
- State u live in
- Turbo/Supercharger or not
- Safety equip
- other drivers in your house on your policy
- deductable amount
- credit rating
- full tort or not (state dependent).

I have a '13 Optima SXL with 3 other drivers in the house on the policy. Live in eastern PA....early 50's age (my wife and I), SXL is a turbo, no accidents or tickets, $1,500 deductible. We pay about $830 per year. With Allstate.

If in NJ, NY or CA, the insurance would be $1,400 - $1,500 easy for the same circumstances.

Unless your a crazy driver, ask your insurance provider the following two things to get the best price:

1. What deductibles are available? Both Comp and Liability. If you re a good driver and clean history, go with the high deductibles - it's philosophical, but insurance should be for catostrophic situations, not minor stuff. So, a $1,000 deductible will yield a lower price than a $500, and so on.

2. If you have been with your insurance company for 2 years or more, ask them to rate you again. They can do a credit check. If you allow them, all insurers now use analytics to help predict driver history and believe it or not, credit rating has a direct correlation to what they look for. I just had Allstate run my credit again and got a 20% lower price due to an updated rating. Nobody does this, so it's worth asking. They can only do it every 2 or 3 years.

Hope this helps.

 

[David]

Wow thanks a lot! I'm asking because I have a 10k deductible, no turbo, clean driving record etc, and 150/mo for one driver. I gotta talk to geico