sailor

In another thread, "prof" complained about the high cost of insuring the s2k.

Well, I'm not prof, but I am paying way the heck too much for insuring the car. No driving record, no record of claims.

USAA considers the s2000 to be a "high powered vehicle," resulting in a premium of $893.92 per six months.

This is for very good coverage in Michigan, but seems very high.

I am aware that coverage can be suspended when the car is in storage, with substantial savings.

What are others' experience, counsel?

thanks,

Brian

tomcatt

I'm insured with Allstate, I live in the NW burbs of Chicago, and I'm paying right at $100/month for the S. That's with good driver discount, multiple car and multiple policy discount, the airbag and ABS discounts on the S, mileage at over 10,000/year and to/from work, and a $500 deductible on collision. FWIW I'm 52, married with no kids at home and only my wife on the policy, no accidents in the last 5 years, and I've been insured with Allstate for over 30 years. The car is my year-round daily driver.

HTH

Dex9

No one generally thinks their insurance premiums are low, but if you lived here in NY metro you'd be paying ALOT. I'm 42, clean record, 500D comp w/ Allstate, +/- 1,900/yr as a 'rec' vehicle
7,500k / yr. When I hear what others are paying elsewhere....
BTW, one of the best thing about NY is leaving NY - you can really appreciate wherever you're going....and coming home is great 'cuz you miss NY so much - a strange paradox.

bobbyb

paying $1275.00 a year with liberty mutual no need to leave nyc.
i'm 48 no speeds or accidents or claims of any kind and been with liberty for 20 years .ials have a garage at home and work as well
my comute is 6 miles one way .

MsPerky

Brian - I also have USAA insurance...my premium for 6 mo is $582.50. I have a good driving record and the car is not driven daily. Not sure why yours is so much higher, whether it's because it's MI, you drive it more miles, or what. But that is quite a diff.

brushman

Macomb County, MI (north of Detroit)

State Farm

$1162 per year (96.84 per month)

36 yrs. old
no moving violations
multiple cars discount
200/500 deductible
Body Injury 100,000/300,000
UMV 20,000/40,000
Rental and Tow

SEEMS HIGH...Good Luck

RedY2KS2k

Regarding the "dropping the insurance for the winter":

I think it's illegal to drop the collision/comprehensive insurance if there's a lien on the car. If you own it outright, that's different.

I've seen some interesting discussion about dropping the liability for the winter, but no real answer. In Ohio, they randomly mail out "proof of insurance" requests and no one was able to definitely answer whether you could get by one of those. Some thought that if you dropped the insurance, you'd have to surrender the plates to be safe, and buy new plates in the spring.

sailor

Thanks all for the great "mature" posts

Having had State Farm for homeowners, I did check with them. Their premiums are more or less in line with those quoted here. After 26 years with USAA, we're reluctant to drop; though loyalty is a two-way street.

In the premium breakdown, the numbers that really stick out compared to our other cars are comprehensive and broad collision coverage. 100/500 deductible comes in at $700 per six months.

As for dropping coverage, we would not drop comprehensive (just in case the garage fell in). I also agree the lien holder has the right to require insurance, though I have not checked into whether comprehensive would suffice for a stored car.

Thanks again,

Brian

ralper

I live in Northern New Jersey, am 52 years old, no accidents or tickets in the last 3 years. My S is the 3rd car on a 3 car policy through GMAC/National General as part of a professional group. I have $500 deductable on collision. The car is listed as a pleasure vehicle with antilock brakes and air bags. I am paying $501 for 6 months or $1,002 for the year. That is an amazing price for New Jersey.

Remarkably, my 1998 4Runner, with the same coverage but listed as my "to work" vehicle is $508 per 6 months or $1,016 for the year.

The Professor

No complaints about premiums here! What I was sayingwas that I changed from State Farm after 30 years and went with the AARP-sponsored Hartford policy and cut my costs in 1/2. I'm 65 and have full coverage on my Acura and S for about $1000/year, both cars. That's in metro Phoenix, where the traffic is wild and wooly, and the car thieves work overtime. The Acura actually is the more expensive of the two, because it gets driven more miles.