[OT] I'm paying $350 a MONTH in Car Insurance!!

[Pielorinho]

that's ten dollars less than what I pay per year!

Someone once told me that North Carolina has some of the best insurance laws in the nation. Now I believe them.

Daniel

 

[WizarDru]

People ask me why I don't have a driver's license or a car. This thread is the answer.

If you're in Japan, isn't even more expensive, anyways? Not to mention that Japan has, by necessity, a much better public transist system than most of the U.S., in general. It must be difficult to function in the US without one of the most common forms of personal ID.


I pay roughly $150 a month, but that's for a family of four for two cars, house insurance and two life insurance policies. No accidents, own a house, live outside the city and in a good neighborhood. Someone I knew in college lived in a house in the city in a not-so-good neighborhood, was 23, had a full-time tech job and purchased a new Mustang (this was 6+ years ago), and was paying $500+ a month.

Many students I've known usually lie about their permanent residence, if they have to attend school in the city, to lower their payment cost. My friends in NJ generally regard the insurance situation there as totally SNAFUed...and years of corrective legislation have only made things worse, not better.

 

[Ashy]

Well, can anyone tell me about the rates for living in rural Alabama? I figure they should be low, but according to my Insurance company - wooo wee!

 

[Datt]

Progressive is very expensive. When I as 22 I had a 99 Cobra Vert, Red. I had 1 accident, and 1 Reckless Driving (132 in a 70) on my record. But even with that Progessive was only going to charge me ~$300 a month and I live in the Dallas area. You might try State Farm again if you haven't had any incidents since they kicked you 2 1/2 years ago. I switched to them from Progressive and got a policy for ~$240.

 

[kkoie]

when I was working at an insurance company in Lexington Kentucky there was a client who was paying $700 a month for his insurance. We were convinced he was a drug dealer... he was driving a limited edition jeep cherokee, lived in the worst section in town, and his mother came in the office and payed each month in cash! Anyway, after a while the guy quit and went with another company. he was also under 25 and had quite a few accidents.

 

[demadog]

I don't know your family situation, but could you sign the car over to your parents and have them add you as a driver? That certainly saved me a ton of cash in my early driving years.

 

[Henry]

By far the best way for under 25 drivers is to have parents ride the insurance on them (if they are single). I pay a little less than $80 per month for my wife and I, and I have medical, collision, and liability coverage.

 

[Dieter]

GEICO?

I had Nationwide for about 10 years until they decided to jack me for a reprehensible sum that amounted to extortion.

I switched to GEICO last fall and my rates were only a fraction of Nationwide was going to extort from me.

As for State Farm, I know they have had a ton of problems as late which has led to policies not being offered for renewal and higher rates.

I'd agree though that your age, mysterious exploding car episode and moving violations are a factor in your premium. Although I'd say you biggest culprit is the full coverage...that's a freaking killer.

Exactly how much coverage do you have and of what type?

 

[Sixchan]

I lose less per year from the pickpockets on the Underground. I'm within walking distance of the School where I work, and I can get into town through public transport. I'm certain that that sort of figure is more than £1.80 per day.

 

[Shapermc]

Kamarad: Woodstock IL is pretty close to the stix at points. Soemwhat close to chicago as far as driving distance, but no where near the city limits. And Paul I used to live in Lake Zurich so I know that Insurance can be a killer. I think that the main thing is that whole "Exploding car" . . . Have you thought about lieing to the insurance company?