Insurance costs

[CodyO32689]

How much do you guys pay for insurance? I’m 30 years old, ‘15 GT and my ‘03 Honda Accord daily are all that I insure and I pay $170 a month through liberty mutual. I feel like that’s high?

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[S7N]

What is your coverage? 25/50/25? 50/100/50?100/300/100? Tickets accidents?

 

[CodyO32689]

It’s 100/300/100, no tickets or accidents.

 

[Deleted member 35786]

There is just way to much variability to compare. Location, company, accident claim rate of model, age, tickets, etc.. etc.. This might give you an idea by state averages..
Also get with Geico and save 15%... LOL

Here’s a list of auto insurance rates by from the most expensive to the least expensive state, including the average annual rate:

Michigan - $2,693
Louisiana - $2,339
Rhode Island - $2,110
Florida - $2,059
Nevada - $1,915
Kentucky - $1,898
Delaware - $1,828
Texas - $1,827
California - $1,815
New York - $1,688
Colorado - $1,682
New Jersey - $1,671
Oklahoma - $1,560
Connecticut - $1,550
Georgia - $1,547
Mississippi - $1,537
Arkansas - $1,496
District of Columbia - $1,496
Kansas - $1,476
Tennessee - $1,427
West Virginia - $1,420
Missouri - $1,410
Oregon - $1,393
Pennsylvania - $1,390
Montana - $1,387
Alabama - $1,387
Wyoming - $1,375
South Carolina - $1,369
New Mexico - $1,352
South Dakota - $1,342
Maryland - $1,327
North Dakota - $1,325
Arizona - $1,295
Minnesota - $1,288
Nebraska - $1,284
Massachusetts - $1,277
Illinois - $1,222
Utah - $1,209
Washington - $1,205
Alaska - $1,198
Indiana - $1,150
New Hampshire - $1,105
Hawaii - $1,081
Vermont - $1,075
Wisconsin - $1,070
Ohio - $1,032
Idaho - $1,018
Iowa - $988
North Carolina - $947
Virginia - $918
Maine - $896

https://www.insurancebusinessmag.co...e-highest-auto-insurance-premiums-159759.aspx

I am in Florida and have USAA. Rates here are high.. But again it depends on so many factors.

 

[GasPedal]

Seems high try shopping around

 

[Ghost50]

There is just way to much variability to compare. Location, company, accident claim rate of model, age, tickets, etc.. etc.. This might give you an idea by state averages..
Also get with Geico and save 15%... LOL

Here’s a list of auto insurance rates by from the most expensive to the least expensive state, including the average annual rate:

Michigan - $2,693
Louisiana - $2,339
Rhode Island - $2,110
Florida - $2,059
Nevada - $1,915
Kentucky - $1,898
Delaware - $1,828
Texas - $1,827
California - $1,815
New York - $1,688
Colorado - $1,682
New Jersey - $1,671
Oklahoma - $1,560
Connecticut - $1,550
Georgia - $1,547
Mississippi - $1,537
Arkansas - $1,496
District of Columbia - $1,496
Kansas - $1,476
Tennessee - $1,427
West Virginia - $1,420
Missouri - $1,410
Oregon - $1,393
Pennsylvania - $1,390
Montana - $1,387
Alabama - $1,387
Wyoming - $1,375
South Carolina - $1,369
New Mexico - $1,352
South Dakota - $1,342
Maryland - $1,327
North Dakota - $1,325
Arizona - $1,295
Minnesota - $1,288
Nebraska - $1,284
Massachusetts - $1,277
Illinois - $1,222
Utah - $1,209
Washington - $1,205
Alaska - $1,198
Indiana - $1,150
New Hampshire - $1,105
Hawaii - $1,081
Vermont - $1,075
Wisconsin - $1,070
Ohio - $1,032
Idaho - $1,018
Iowa - $988
North Carolina - $947
Virginia - $918
Maine - $896

https://www.insurancebusinessmag.co...e-highest-auto-insurance-premiums-159759.aspx

I am in Florida and have USAA. Rates here are high.. But again it depends on so many factors.

Brb moving to Maine

 

[CodyO32689]

There is just way to much variability to compare. Location, company, accident claim rate of model, age, tickets, etc.. etc.. This might give you an idea by state averages..
Also get with Geico and save 15%... LOL

Here’s a list of auto insurance rates by from the most expensive to the least expensive state, including the average annual rate:

Michigan - $2,693
Louisiana - $2,339
Rhode Island - $2,110
Florida - $2,059
Nevada - $1,915
Kentucky - $1,898
Delaware - $1,828
Texas - $1,827
California - $1,815
New York - $1,688
Colorado - $1,682
New Jersey - $1,671
Oklahoma - $1,560
Connecticut - $1,550
Georgia - $1,547
Mississippi - $1,537
Arkansas - $1,496
District of Columbia - $1,496
Kansas - $1,476
Tennessee - $1,427
West Virginia - $1,420
Missouri - $1,410
Oregon - $1,393
Pennsylvania - $1,390
Montana - $1,387
Alabama - $1,387
Wyoming - $1,375
South Carolina - $1,369
New Mexico - $1,352
South Dakota - $1,342
Maryland - $1,327
North Dakota - $1,325
Arizona - $1,295
Minnesota - $1,288
Nebraska - $1,284
Massachusetts - $1,277
Illinois - $1,222
Utah - $1,209
Washington - $1,205
Alaska - $1,198
Indiana - $1,150
New Hampshire - $1,105
Hawaii - $1,081
Vermont - $1,075
Wisconsin - $1,070
Ohio - $1,032
Idaho - $1,018
Iowa - $988
North Carolina - $947
Virginia - $918
Maine - $896

https://www.insurancebusinessmag.co...e-highest-auto-insurance-premiums-159759.aspx

I am in Florida and have USAA. Rates here are high.. But again it depends on so many factors.

Because fuck Michigan I guess?

 

[S7N]

It’s 100/300/100, no tickets or accidents.

I pay 168 I’m with nationwide two cars 100/300/100 so not bad tbh but I do have one speeding ticket and my mortgage insurance is thru them with a bundle as well.

 

[Silver Bullitt]

I pay $70.25 per month on my 2018 Mustang GT through State Farm.

Liab 100/300/100 - $14.25
Med 5000 - $1.46
Comp 500 Ded - $24.86
Coll 500 Ded - $26.73
Emer Road Serv - $0.78
Unins Motor Veh 25/50 - $2.17

That's based on 12,000 miles annually.

 

[EmCel]

How much do you guys pay for insurance? I’m 30 years old, ‘15 GT and my ‘03 Honda Accord daily are all that I insure and I pay $170 a month through liberty mutual

Wow that’s really cheap. I wish I was
paying that low.

 

[ForYourOwnGood]

I'm at 128 a month for my 17 and my 07 Malibu beater. I should go to the 6 month cycle that cuts about 30 a month off.

 

[Shifting_Gears]

$144/mo.. south Florida, enough said. Been with the same company over 10 years.

My rate jumped up about $50/mo moving from South Carolina with my precious car.

 

[EmCel]

Geezzzz. I feel like I’m paying too much for
my 16 and a 12 vw golf at $300 monthly
with Geico. I don’t have any tickets or accidents. I used to pay like $60 monthly
for my vw back in NC.

Has to be the county where I live at. Even the property tax differs if I was to live in another county vs the one I’m at right now. I hate VA but I’m here for now.

 

[Cobra Jet]

Just way too many variables....

You need to have folks who also reside in your home state to reply to get somewhat of an idea - but Insurance Premiums vary so greatly leaving no real way to compare for a good deal...

Credit Ratings are used sometimes
Age of driver
Age of other possible drivers in household even if they don’t drive or are on another policy
Married vs Single
Geographic location plus Rural vs Urban
Type of vehicle security
Prior Insurance claims
DMV or Insurance points (in some States for a moving violation the driver will get dinged with DMV points on his/her license AND the Insurance Co. can also impose points too).

I mean, I could literally fill 3 pages or more with the variables...

——

Here are some tips to try and lower your rate:

1) The higher your chosen deductibles, the annual premium will decrease. Now, for some folks this may be a risky choice IF they cannot afford $X out of pocket cash in the event of a necessary event claim.

2) If you have a tracking device installed, such as LoJack - in some States you can qualify for a max discount of 25% off your comprehensive. Now this may not sound like a lot since it’s only applicable to a portion of your total rate HOWEVER, it does add up annually for a good savings. Plus the cost of the GPS tracking device install will pay for itself by the annual discount.

3) I’ve been told that if you have a medical plan through your employment (self employed or employee of any company), that an auto owner can save $$$ by opting out of the medical portion of the Auto Ins, Policy. I’m not sure how true this is, or how it works with regards to a future claim. Maybe if there are any Ins, Reps on here, they can add more info.

4) If the vehcile being insured is paid off (title in hand) and its an aged vehcile, you can just carry liability. Now of course again, this is a risky choice for some folks in the event of a future claim, because you’d be SOL if the car was stolen OR totaled and you’re found at fault...

5) BUNDLE your Insurance if possible. Many Ins. Co’s will offer discounts if you insure multi cars, or have your homeowners/auto/life insurance with the same Company.

6) Make your Underwriter aware of ANY and ALL possible discounts you can qualify for regarding vehcile security systems, etched glass, Military Service, Driving Courses taken, etc etc.

7) If you are insuring a Classic, Antique, Collector Car or what you consider to be an “Investment Car” on your regular Auto Policy —— STOP and price out the same policy coverage with a genuine Collector Car Insurance Company. You will get better coverage for less and make sure you insure it on an Agreed Value Policy! Agreed Value means, that if your vehcile is insured and valued at say a hypothetical $50k and there is a future total loss claim, you will be paid the Agreed Value of $50k - nothing more and nothing less. Many “standard” auto insurance policies do not have an Agreed Value for these type of vehicles. If you don’t see an actual Agreed Dollar Value in your Policy Declaration pages or in any written correspondence, guess what - it’s not insured at an Agreed Value and you WILL have to fight for a fair payout in the event of a total loss claim.

 

[Blue Horse]

How much do you guys pay for insurance? I’m 30 years old, ‘15 GT and my ‘03 Honda Accord daily are all that I insure and I pay $170 a month through liberty mutual. I feel like that’s high?

I live in S/W Florida,73 years old,State Farm,FULL COVERAGE on 2011 Mustang GT--2005 Hun Elantra $ 391.60 for 6 Months. NO tickets or accidents.

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