I know what you mean about the wait. I just made one of the most difficult decisions I've made in a while; I decided to hold off the S2K for now and get an RSX for the next couple of years instead.

 

I'm 56 and am paying $288 a year at USAA with 300/500 k coverage and 1k Col/Comp deductable. My other cars are a 91 Blazer, 89 BMW 325i, 91 Acura Legend, 86 929 Porsche. The whole bunch comes to $ 888 a year. Plus 7 sportsbikes for another $243 a year. I tell 'em I can only ride or drive one at a time!!! Lots of multivehicle discounts and it helps to be old! The message here is to shop around!!

 

Lemme do a little re-wording here. For those guys who are under 25yrs, and pay less than $3k a year, what company are you using and what kinds of coverage? And how did you talk the talk to get that rate?

 

I am 27 and I just got my S2000 a few days ago. My yearly premium is going to be $702. That is with 2 other vehicles, homeowners and a boat at American Family Insurance. My girlfriend is an agent. It helps to be doin' the right people.

 

[QUOTE]Originally posted by Thoe99
[B][b]20 yrs old/no accidents/no tickets (knock on wood).....$919 a year

 

Thoe99,

In Texas the state regulates the rates companies can charge, some states are file and use - where the insurance company just files the rate with the state and begins to charge the new rate at a specified date - Texas is not that way.

http://tdi.state.tx.us/

Several factors may apply to YOUR rate:
-your age
-your driving history (tickets and accidents)
-your insurance history (have you been insured without interruption of coverage)
-your credit score
-the area you garage your vehicle (different areas within the same city may have different actuarial rates)
-how you drive your vehicle (typically for under 25 single males this is irrelevent - one rate class - but check)
-the coverages and limits you choose
-the car you insure
-who else is being insured (if you have someone else on the title they are an insurable interest and will be rated)
-how loyal have you been to an insurance company - the major companies reward loyalty - by age 25 I had earned a "forgiven" accident and my insurance company's highest "accident free" discount

Asking for what people pay doesn't tell you much. You have to find out the answers to all of the above questions. Shopping around helps - asking questions about the rate you are given helps more. Ask them what factors were used, what could you do to reduce the cost without reducing coverages, what discounts might you be eligible for in a year and what happens if you get a ticket or an accident. Unless you are comparing apples to apples you won't know who has the "best rate."

Ask yourself one more simple question before you pay for the cheapest insurance: If I had cancer, would I want the cheapest doctor taking care of me or would I want the most qualified doctor? Claims departments are not created equally. The above site (for TEXAS) allows you to get ONLINE COMPANY PROFILES.

Sites of interest:
http://www.statefarm.com/insuranc/auto/auto.htm
http://www.insure.com/auto/
http://tdi.state.tx.us/apps/perlroot/u_cp_...orate/auto.html (very good information from your state's DOI)

 

I just checked with my State Farm insurance agent

When I go from my 2001 Civic to the 2002 S, my insurance will increase only 8.6%. That's under $800 a year with $0/250 deductables and $100/300K limits.

I'm 35 and married.

 

Your marital status and whether or not you own your home are also big factors. The largest, though, is where you live. Anywhere close to a major city and your rates skyrocket.

Just as an example, I recently bought insurance for my fiance's engagement ring, and the rate card showed a premium increase of 2.5 times the standard rate if we lived in metro Philadelphia, instead of just outside.

-Nick

 

I'm about to turn 25 (in April) and since I'm researching the insurance vs. the cars I want, I was quoted at 1300/yr after 25, right now through progressive I'm paying that. I think they said it was about 300 more a year with the S2000.

The reason why my rates were so low was because originally I was on my parent's plan. When I moved out, I still had that low rate and the rate pretty much transfered over. I went through a similar problem when I wanted a Eclipse GTX in 1997. Quoted at 4800/yr, even with a 4 cyl.

Geico used to be my insurance, but progressive was quite a bit cheaper. Call their number and see, don't call a local dealer because they charge an extra fee for being an affiliate or something like that.

 

Something is very wrong here.

I'm 33. Married. Flawless driving record. Flawless credit history. Wife Drives a 99 Ford Explorer XLT (i.e. MultiCar discount) with similar numbers (she's even a little older than me). I have GEICO who is supposed to specialize in people like me, and have had them for 7 years so I should get loyalty points. I live in the Far Western burbs outside of Washington DC.

I'm paying ~$950 a year to insure my S2000.

This is 100K/300K/300K liability, coll/comp/yadda yadda yadda with a $250 deductible.

Now that I've described my apple, can someone with a similar one post a comparison?????