Insurance [Merged 10-6]

[weith1111]

25 yr old
$90/month
2004 mini cooper s (full coverage) and a 1992 talon awd (no collision)
state farm
somehow both cars are for "pleasure" only
my agent rocks

 

[RWKustoms]

$148 a month for full coverage...21 yrs old...5 moving violations in 2 yrs...Florida First Ins. Co.

 

[cs82685]

just over 200/month soon to go down as i'm approaching the three year mark from my accident, it was 135/mo when i was 17 both in NJ with GMAC

 

[destruckeclipse]

I'm on my mommies insurance too. Still $450 a for 6 months / $900 a year. State farm with full coverage blah blah. Quoted on my own was well over $3000 a year. Must be Cali gouging prices.

 

[gsxtreme1987]

$287 a month full coverage on the gsx... im 18 years old........ clean record so far *knock on wood*

Allstate.. rippin the shit outta me..

 

[project15]

$320 for 6 months

22 yrs old, clean record
my own policy
progressive
Michigan

 

[sbiggi]

$102 a month

Full coverage on my 94 Jetta, Liability on my Eclipse, plus renters insurance

 

[Nautica985]

140 a month just for liability through geico on my parents insurance. Im 20 and have a perfect driving record

 

[Blk95gs]

Haha.

Funny...

My quote for full coverage on my 97 TSi AWD back in April last year (before I got another ticket) was $6400/year. That's the lowest quote I got, and was for minimal full coverage and with $1000 deductibles.

Liability for me is $2600/year. Hooray for crappy driving records.

 

[Mikey001015]

$85.30 a month for full coverage, 250 deductible....through my dad I use american family insurance, but we have the company, house, and all auto's, boat, and snowmobile through them.

 

[slugsgomoo]

YOUR RATES HAVE NO COMPARISON TO ANYONE ELSES, PERIOD.

Now that I have your attention, let me dig down for the same thing I post every other time this thread gets posted.

Let's compare rates, do you have the same:

birthday
SSN
address
credit history
rent/own situation
driving history
marital status
etc

that I do? Exactly? If you have the exact same answers to EVERY SINGLE QUESTION, then the two of us can accurately compare rates.

Otherwise, this is apples/oranges, and a bunch of people are feeling good for no reason, and others feel like they're getting screwed.

Oh, my galant, while it's rated in a lower risk category than my 1g, actually costs me a couple bucks more per month to insure.

 

[weith1111]

^^^ Yes because if we live in the same insurance zone, we are the same age, both single, both male, but have different social security numbers you will pay $400 a month and I will pay $200. WTF

It 95% depends on where you live, how old you are, your driving record, and what you drive.

 

[slugsgomoo]

^^^ Yes because if we live in the same insurance zone, we are the same age, both single, both male, but have different social security numbers you will pay $400 a month and I will pay $200. WTF

It 95% depends on where you live, how old you are, your driving record, and what you drive.

Well, if you were reading what I wrote, credit history has a lot to do with it. If you have bad credit, you'll pay more, because you are seen as irresponsible, and a bad risk. Good credit will net you better rates.

If you own a house, your rates will be lower than if you rent. Hell, with some companies, your rates are lower if you have a garage.

Of course, I actually made all that stuff up.

 

[nutshot]

^^^ Yes because if we live in the same insurance zone, we are the same age, both single, both male, but have different social security numbers you will pay $400 a month and I will pay $200. WTF

It 95% depends on where you live, how old you are, your driving record, and what you drive.

Go compare your interest rates on the credit card with someone. Or, how about comparing how well a pair of 32 inch waist jeans with a 32 inch inseam fits? One size does not fit all, and insurance premiums are the product of Zip codes, commute, coverages, credit score, car driven, driving history, available discounts (such as multi-car, auto-home and prior insurance carrier), etc. Stop trying to compare unless it is with your siamese sibling.

 

[weith1111]

I understand what you are saying, but you are missing my point. Allow me to make some broad generalizations:

all these people live in the same town:
20 year old, bad credit, bad driving record, rents = $500 a month
20 year old, good credit, bad driving record, owns = $450 a month
20 year old, good credit, good driving record, owns = $200 a month
40 year old, good credit, good driving record, owns = $40 a month
40 year old, bad credit, good driving record, owns = $65 a month
40 year old, bad credit, bad driving record, rents = $125

Does this make sense? Will an insurance company not insure you because you rent and not own? Because your credit score is low (um every 16 year old gets insurance and they have NO credit history)? Because you don't have a garage? Will an insurance company not insure you because you've totalled 3 cars in 3 years? Which one did you answer yes to?

Obviously there is a huge matrix of what is involved for your rate, but like I said there are a few MAJOR things that influence your rate HEAVILY. Namely age and driving record. No change in your credit score is going to effect your premium like turning 25 does, or getting married for that matter.

edit: and obviously WHERE you live

 

[weith1111]

You guys are ridiculous. The OP isn't trying to figure out why you pay $92 and someone else pays $114. He is realizing that being on his own is going to TRIPLE his insurance and was wondering what other situation people are in. Of course he is not going to be able to figure out a comparable rate because you live in a different state, are 10 years older, and have a spotless record. I mean isn't this in the hangout, you know the area for "I was just wondering" topics?

If he wanted to know what he should do and how much his premium will be, specifically, he would have to start calling some insurance places.

 

[dr1665]

25 yr old
$90/month
2004 mini cooper s (full coverage) and a 1992 talon awd (no collision)
state farm
somehow both cars are for "pleasure" only
my agent rocks

$130/month
97 Talon (1000coll/500comp/roadside assistance+$6000rider for built engine)
American Family.

My agent is kick ass, too. He just left AmFam, so I'm excited to see what he can do for me as an independant agent. Wo0t!

 

[slugsgomoo]

You guys are ridiculous. The OP isn't trying to figure out why you pay $92 and someone else pays $114. He is realizing that being on his own is going to TRIPLE his insurance and was wondering what other situation people are in. Of course he is not going to be able to figure out a comparable rate because you live in a different state, are 10 years older, and have a spotless record. I mean isn't this in the hangout, you know the area for "I was just wondering" topics?

If he wanted to know what he should do and how much his premium will be, specifically, he would have to start calling some insurance places.

The OP needs to get quotes from more companies, it sounds like. My insurance went up a bit when I got my own policy, but that is NORMAL. You have no history, besides you get your first discount after six months.

Anyhow, I wouldn't dismiss nutshot's comments too quickly, as he's probably one of the few actual Licensed Insurance Agents on this forum, and he knows his shit.



Edit, I forgot to mention that coverage level matters to.

If you look at some of these guys who have $120 dollar coverage, is that state minimums, or is it more? Does it include UIM, comp, collision & whatnot? What are their deductibles? Without this information it's impossible to make an accurate comparison.

I have a 91 AWD talon, I run 100/300/100 liability, comprehensive & collision @ $100 deductibles, and I carry enough UIM to replace the car, and deal with hospital bills.

Most people do not carry enough coverage in the first place.

 

[weith1111]

true true. Deductibles can have a big effect, and having collision or not can almost double your premium in some cases. I think the mistake most people make is asking for insurance, getting a quote, and then getting a policy. Who knows what the agent is going to put your coverage at, or your deductibles?

You need to go line by line, ask what the charge is for EXACTLY and then inquire what happens if I change this to higher or lower or drop it altogether. The value of your car along with what you can handle for out of pocket comes into play when determining if you should have collision and what you deductibles should be at.

Most people don't think about this stuff and end up having a car that, if damaged is either going to be completely out of pocket, or totalled, in which case they get screwed either way. If your car is worth $2-4k range you are most likely in this situation.

I'm not trying to say people on here don't know what they are talking about, and I agree there is a lot to know and to think about when getting insurance.

 

[DSMjrv]

im 18 have about 8 tickets in 2 years... $123/mo for just my eclipse, and just liability...

 

[dsmgrimreaper]

you suck cause im pretty sure i beat you all by a long should i pay 547 a month on a crappy nonturbo eclipse and if you think your driving records are bad the cops in my town love me they make quota every week on top of that i havnt even called for a quote on my tsi kinda scarred you know

 

[cs82685]

you suck cause im pretty sure i beat you all by a long should i pay 547 a month on a crappy nonturbo eclipse and if you think your driving records are bad the cops in my town love me they make quota every week on top of that i havnt even called for a quote on my tsi kinda scarred you know

sounds like someone needs to learn how to be responsible, paying that much isn't exactly something to be proud of

as for those saying why bother b/c it's impossible to compare due to all the variables, i think the OP just was curious and not trying to see if he was paying too much/little. Its just one of those things we all have to pay for so it is kinda interesting to see the cost differences

 

[nutshot]

I understand what you are saying, but you are missing my point. Allow me to make some broad generalizations:

all these people live in the same town:
20 year old, bad credit, bad driving record, rents = $500 a month
20 year old, good credit, bad driving record, owns = $450 a month
20 year old, good credit, good driving record, owns = $200 a month
40 year old, good credit, good driving record, owns = $40 a month
40 year old, bad credit, good driving record, owns = $65 a month
40 year old, bad credit, bad driving record, rents = $125

Does this make sense? Will an insurance company not insure you because you rent and not own? Because your credit score is low (um every 16 year old gets insurance and they have NO credit history)? Because you don't have a garage? Will an insurance company not insure you because you've totalled 3 cars in 3 years? Which one did you answer yes to?

Obviously there is a huge matrix of what is involved for your rate, but like I said there are a few MAJOR things that influence your rate HEAVILY. Namely age and driving record. No change in your credit score is going to effect your premium like turning 25 does, or getting married for that matter.

edit: and obviously WHERE you live

In Washington state, I get a sizable discount for having Farmer's insurance prior to starting a new policy versus having Progressive. I also get a sizable discount for renting instead of owning. Then there's the specific zip code. A 16 year old can have either good or bad credit. I had worse credit at 18 than I did at 16. You cannot effectively generalize on price. It does not work. If you want a comparison, get quotes from several companies for yourself.

 

[Whiplash]

Im 21 under my dads name, I pay $175/month. The car was under my name for a month and it cost $405/month. i have 2 speeding tickets they dont know about yet.

 

[mmmmbst]

19 years old, 127 a month with 6 points for 2 cars for full coverage on my eclipse and liability on my 94 probe (4cyl)