Holy insurance quote, batman!!

[daves87rs]

Wow-I must have missed how much insurance is now for cars! (or something like that) Wowzers!

Okay, here I go. I'm getting insurance quotes for our new house in the coming month. Things are looking good, and the prices out there are actually pretty good. Then, I look to the auto insurance part. Bam! the bottom falls out. I got quotes that were 400-1000 more than I pay now...HUH? Now, I know michigan sucks when it comes to auto insurance, but I thinking I missed something somewhere...

My plan is pretty simple...basic full coverage policy with my Cobalt and wife's cavalier, with simple plpd for my other Cavalier, which sees limited driving throughout the year. Besides buying a house (in which I'm sure my credit took a slight dip), nothing has changed. This just blow my mind. I realize prices have gone up, but this is just silly. The city that I'm moving to does increase my rates, but only slightly. But not a major jump.....

I'm still calling my insurance places for quotes, but for the love of pete, I hope the auto end of the plan is not going to be like the current ones. Also makes me fear for the rates of newer cars at this point....

Thank you for listening to my vent...it's been a rough day...

 

[JHZR2]

Insurance is legalized discrimination, and it is just a racket for the most part. More money to be made there than most anywhere else.

 

[Shannow]

Insurance is extortionate down here.

Have recently been able to negotiate the insurance on my two cars down to $90/month ($450 per car per annum for compulsory personal liability I get no joy)....home and contents $90 per month (down from $100, after taking it to the same palce [censored] my cars), Private health $225/month, after Govt 30% rebate)

 

[crinkles]

Comprehensive Car - $450/year (siwtched to Progressive this time round).
Renters insurance - $300/year
CTP - same as Shannow - $400/year
Medical (none) - but pay extra 1.5% tax for public healthcare...

 

[Silk]

In NZ we are having to deal with up to 50% increase in house insurance to cover the Christchurch earthquake - car insurance is a minor concern...apart from maybe going from 3rd party fire and theft to just 3rd party on my car.

 

[Gene K]

Mine runs a little less than $2,000 a year for full coverage on a 2007 Hyundai Accent, 2010 Dodge Ram 1500 Crew Cab 4x4 and a 2011 Mustang GT 5.0L. Believe it or not the Mustang is actually the cheapest to insure.

 

[Boomer]

If you can afford it, go to a $1000 deductible plan and pay the premium all at once each year. This will give major savings.

 

[JHZR2]

Originally Posted By: Boomer
If you can afford it, go to a $1000 deductible plan and pay the premium all at once each year. This will give major savings.


$1000??!? IIRC we have $2000 or $2500. Insurance shouldnt be inoked for minor stuff, and $2000 worth of work is minor. Using it drives premiums up too.

 

[Pop_Rivit]

There are a lot of ways to save on insurance.

Rather than play around with on line quotes, find a qualified agent and look at lots of different options. Since you're working on a major lifestyle change (buying a home and moving) a good agent can review and make recommendations to help keep your rates low.

I've had the same agent for more than 30 years, and my rates for our home, 3 vehicles and umbrella policy are less than most people pay for one or two vehicles.

Having an outstanding driving record also helps.

 

[sciphi]

I went with an agent for my car insurance the last time around, and got a much better policy for less than my old policy. Yeah, phone/online is convenient. Sometimes nothing beats face to face interaction! The nice thing was that instead of spending 20-30 minutes on the phone or on a website with each company, my agent plugged my information into his computer and compared a bunch of policies at once.

 

[daves87rs]

Originally Posted By: Pop_Rivit
There are a lot of ways to save on insurance.

Rather than play around with on line quotes, find a qualified agent and look at lots of different options. Since you're working on a major lifestyle change (buying a home and moving) a good agent can review and make recommendations to help keep your rates low.

I've had the same agent for more than 30 years, and my rates for our home, 3 vehicles and umbrella policy are less than most people pay for one or two vehicles.

Having an outstanding driving record also helps.


True. Yesterday I enlisted two agents to help me out. One has access to 10 different companies, which hopefully should help...

 

[Drew99GT]

Originally Posted By: daves87rs
Wow-I must have missed how much insurance is now for cars! (or something like that) Wowzers!

Okay, here I go. I'm getting insurance quotes for our new house in the coming month. Things are looking good, and the prices out there are actually pretty good. Then, I look to the auto insurance part. Bam! the bottom falls out. I got quotes that were 400-1000 more than I pay now...HUH? Now, I know michigan sucks when it comes to auto insurance, but I thinking I missed something somewhere...

My plan is pretty simple...basic full coverage policy with my Cobalt and wife's cavalier, with simple plpd for my other Cavalier, which sees limited driving throughout the year. Besides buying a house (in which I'm sure my credit took a slight dip), nothing has changed. This just blow my mind. I realize prices have gone up, but this is just silly. The city that I'm moving to does increase my rates, but only slightly. But not a major jump.....

I'm still calling my insurance places for quotes, but for the love of pete, I hope the auto end of the plan is not going to be like the current ones. Also makes me fear for the rates of newer cars at this point....

Thank you for listening to my vent...it's been a rough day...


Given the fact that about 1 in 5 motorists drive with no insurance in Michigan, I'm not surprised that rates are skyrocketing.

http://wainsurance.blogspot.com/2010/02/percentage-of-uninsured-motorists-by.html

How much is your Cobalt worth? When you factor in deductibles and such, there's a breaking point at which full coverage (at least comprehensive and collision) are no longer needed financially (unless you have a loan of course). Uninsured motorist (medical and property) I think are always needed.

 

[rjundi]

Good credit, education, home ownership and driving record lead to excellent rates.

I have a feeling Cobalt may be a high insurance car due to driver pool(younger) for it.

 

[Boomer]

JHZR2, you need to get out of Jersy. I have two vehicles fully insured for two drivers with $100,000-$300,000 liabilty, comprehensive and collision and my premium with the $1000 deductible paid once a year is just over $700. I add to the liability with a million dollar cap for an extra $100 per year.

 

[hattaresguy]

My insurance is threw Allstate since they seem to have a pretty good deal in CT. Full coverage accept for rental car apparently as I recently found out, and a $1 million umbrella for liability. I think I pay about $1,200 a year.

 

[The_Jeff]

It's your zip code and its correlation to the insurance actuaries. You just have to shop around. For me the house was the hard part; some insurance companies have no sense of humor about wood stoves.

I had to get into gritty detail about my 25% hard wood floor, 25% pine, 40% tile, 10% linoleum. Then when I fought a rate increase (due to "increased costs of rebuilding") I had to remember all that stuff again like I answered it last time, lest I be caught in a lie.

 

[Jarlaxle]

Originally Posted By: JHZR2
Originally Posted By: Boomer
If you can afford it, go to a $1000 deductible plan and pay the premium all at once each year. This will give major savings.


$1000??!? IIRC we have $2000 or $2500. Insurance shouldnt be inoked for minor stuff, and $2000 worth of work is minor. Using it drives premiums up too.


I wish I could. My state limits deductibles to $1000.

 

[Tdbo]

In Ohio, car insurance is competitive. For my wife and myself: 4 vehicles, full coverage, 250/500 liability, w/$500 Deduct for $1285/yr. Also have a $1M umbrella for $310/yr. Where we get reamed is the homeowners (double digit increases last two years.) I shopped with 2 independent agents last year and while they can save me $$ on the house,they can't come close on the cars and it overall would be a net increase to change companies. Since I have been extremely happy with our company, I stay put.

 

[JHZR2]

Originally Posted By: Boomer
JHZR2, you need to get out of Jersy. I have two vehicles fully insured for two drivers with $100,000-$300,000 liabilty, comprehensive and collision and my premium with the $1000 deductible paid once a year is just over $700. I add to the liability with a million dollar cap for an extra $100 per year.


My issue is that I have 7 cars. My rates in NJ for similar coverage arent THAT far off of yours. Though PA will be cheaper everytime, Im sure!

 

[Jarlaxle]

Originally Posted By: Tdbo
In Ohio, car insurance is competitive. For my wife and myself: 4 vehicles, full coverage, 250/500 liability, w/$500 Deduct for $1285/yr. Also have a $1M umbrella for $310/yr. Where we get reamed is the homeowners (double digit increases last two years.) I shopped with 2 independent agents last year and while they can save me $$ on the house,they can't come close on the cars and it overall would be a net increase to change companies. Since I have been extremely happy with our company, I stay put.


Would me seeing those prices and giving you the finger violate the TOS on this site? Because That's a bit less than HALF what I pay.