how much do you pay for insurance?
02-18-2008, 09:07 AM
#1
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how much do you pay for insurance?
I'm 24 and I was paying $300 but dropped down to about $207ish because of being a member with USAA a long time and student discount with good driving record, can't wait to turn 25 for the old man insurance that should drop alot!
02-18-2008, 09:54 AM
#2
I was quoted $176.xx/ month w/ excellent coverage just before I traded the S. SI Sedan was 178.xx/month w/ same exact coverage. I'm getting married in two months (rate reduction plus multi car discount) and turning 25 in nine months. I'm hoping for a huge decrease in insurance costs at that point. I hope I'm not disappointed.
02-18-2008, 12:31 PM
#3
USAA rocks. I am 31 and pay about $380/month, BUT that includes 3 cars, homeowners insurance, and personal property insurance (ring/watch). I forgot, but it also includes a multi-million dollar umbrella policy too.
When I turned 25, my insurance dropped a fair bit.
When I turned 25, my insurance dropped a fair bit.
02-18-2008, 01:02 PM
#4
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I pay $440/year, $1450/year for 2 cars and house.
You might want to consider reviewing your deductible to save some money. A $500 deductible is the most expensive insurance you can buy. You might want to consider upping to something you can reasonably afford to lose, say $2500. It will cut your bill nearly in half.
I don't carry collision on any of my vehicles (they aren't worth that much) and only carry comprehensive on my wife's BMW since its replacement value is about $10K. My van is only worth about $3500 so I'd simply go replace it if it were to be a total loss.
I've never filed an automotive claim under my policy in 25 years of driving. I've been hit a couple of times but that falls under the other driver's insurance. I do have $1M liability coverage but that doesn't add a lot to the cost over the minimum. It's important to have enough liability coverage to protect your assets. The older you are the more assets you have amassed the more liability coverage you would need to carry.
My deductible is set at $2500 because any more than that would represent a hardship to me and that is what I'm insuring against. I'm not insuring against have no loss at all. That is obviously much more expensive.
You might want to consider reviewing your deductible to save some money. A $500 deductible is the most expensive insurance you can buy. You might want to consider upping to something you can reasonably afford to lose, say $2500. It will cut your bill nearly in half.
I don't carry collision on any of my vehicles (they aren't worth that much) and only carry comprehensive on my wife's BMW since its replacement value is about $10K. My van is only worth about $3500 so I'd simply go replace it if it were to be a total loss.
I've never filed an automotive claim under my policy in 25 years of driving. I've been hit a couple of times but that falls under the other driver's insurance. I do have $1M liability coverage but that doesn't add a lot to the cost over the minimum. It's important to have enough liability coverage to protect your assets. The older you are the more assets you have amassed the more liability coverage you would need to carry.
My deductible is set at $2500 because any more than that would represent a hardship to me and that is what I'm insuring against. I'm not insuring against have no loss at all. That is obviously much more expensive.
02-18-2008, 01:28 PM
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I'm 26, Pay about $1300 per year. Includes my 1986 Corolla GT-S (liability only) and my 1993 Supra Turbo (comprehensive). $500 deductible, Clean record, Multi car, 500k damage coverage.
Pretty fair in my mind.
Pretty fair in my mind.
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02-18-2008, 04:45 PM
#8
~$85/month. USAA
02-18-2008, 06:00 PM
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Originally Posted by cthree,Feb 18 2008, 02:02 PM
I pay $440/year, $1450/year for 2 cars and house.
You might want to consider reviewing your deductible to save some money. A $500 deductible is the most expensive insurance you can buy. You might want to consider upping to something you can reasonably afford to lose, say $2500. It will cut your bill nearly in half.
I don't carry collision on any of my vehicles (they aren't worth that much) and only carry comprehensive on my wife's BMW since its replacement value is about $10K. My van is only worth about $3500 so I'd simply go replace it if it were to be a total loss.
I've never filed an automotive claim under my policy in 25 years of driving. I've been hit a couple of times but that falls under the other driver's insurance. I do have $1M liability coverage but that doesn't add a lot to the cost over the minimum. It's important to have enough liability coverage to protect your assets. The older you are the more assets you have amassed the more liability coverage you would need to carry.
My deductible is set at $2500 because any more than that would represent a hardship to me and that is what I'm insuring against. I'm not insuring against have no loss at all. That is obviously much more expensive.
You might want to consider reviewing your deductible to save some money. A $500 deductible is the most expensive insurance you can buy. You might want to consider upping to something you can reasonably afford to lose, say $2500. It will cut your bill nearly in half.
I don't carry collision on any of my vehicles (they aren't worth that much) and only carry comprehensive on my wife's BMW since its replacement value is about $10K. My van is only worth about $3500 so I'd simply go replace it if it were to be a total loss.
I've never filed an automotive claim under my policy in 25 years of driving. I've been hit a couple of times but that falls under the other driver's insurance. I do have $1M liability coverage but that doesn't add a lot to the cost over the minimum. It's important to have enough liability coverage to protect your assets. The older you are the more assets you have amassed the more liability coverage you would need to carry.
My deductible is set at $2500 because any more than that would represent a hardship to me and that is what I'm insuring against. I'm not insuring against have no loss at all. That is obviously much more expensive.
1. Raise deductible to $2500 (or so)
2. Take 50% rate cut (or so)
3. Bank the difference (gaining interest)
4. Use the accumulated difference to pay the deductible
