What do you pay for Insurance
02-09-2018, 10:44 AM
#166
Pro
I was insuring 5 cars with Farmers and my annual insurance bill was running about $7k a year. No accidents, no teen drivers, and we don’t have any major risk factors, and we are low mileage drivers (combined mileage across all the vehicles is only about 18k a year). I switched 4 of the 5 cars over to Metromile and my consolidated bill dropped to about $1,800. I left my 2007 F150 on Farmers to maintain my umbrella policy attached to my homeowners insurance.
I have no idea what the claim process is with Metromile but, in my experience, the claim process any pick-your-favorite-insurance-company leaves open the possibility for disappointment. The coverage limits are fair and I took a $1k deductible. In addition to the 2017 GTS, I am insuring a 2016 E63, 2011 Range Rover Sport, and a 2007 CLS550 with Metromile. I have to say that I was pretty shocked to see how much I am saving on insurance and pocketing $5,000 a year in savings means I really don’t care what the deductible is when I need to use it. Hell, I could afford to effectively self-insure for non-major incidents given the savings.
I have no idea what the claim process is with Metromile but, in my experience, the claim process any pick-your-favorite-insurance-company leaves open the possibility for disappointment. The coverage limits are fair and I took a $1k deductible. In addition to the 2017 GTS, I am insuring a 2016 E63, 2011 Range Rover Sport, and a 2007 CLS550 with Metromile. I have to say that I was pretty shocked to see how much I am saving on insurance and pocketing $5,000 a year in savings means I really don’t care what the deductible is when I need to use it. Hell, I could afford to effectively self-insure for non-major incidents given the savings.
02-09-2018, 11:46 AM
#168
Racer
Thread Starter
I'm paying just under a grand a year with a $750 deductible and top of the range coverage all around. Me and my wife as drivers, no accidents. Adding my 16(>17) year old in a few months so that should be interesting.
Interestingly I have 4 cars and all are around a grand each, including my Fiat 500 Abarth which has a replacement value of around 10K. My agent was unable to explain to me why a $10k car and a $100k car cost around the same to insure.
Interestingly I have 4 cars and all are around a grand each, including my Fiat 500 Abarth which has a replacement value of around 10K. My agent was unable to explain to me why a $10k car and a $100k car cost around the same to insure.
If the agent can't even explain why they charge you so much, then you should look elsewhere.
02-09-2018, 01:14 PM
#169
Rennlist Member
Originally Posted by spiderv6
I'm paying just under a grand a year with a $750 deductible and top of the range coverage all around. Me and my wife as drivers, no accidents. Adding my 16(>17) year old in a few months so that should be interesting.
Interestingly I have 4 cars and all are around a grand each, including my Fiat 500 Abarth which has a replacement value of around 10K. My agent was unable to explain to me why a $10k car and a $100k car cost around the same to insure.
Interestingly I have 4 cars and all are around a grand each, including my Fiat 500 Abarth which has a replacement value of around 10K. My agent was unable to explain to me why a $10k car and a $100k car cost around the same to insure.
Originally Posted by Fünfer
Time to shop around!
If the agent can't even explain why they charge you so much, then you should look elsewhere.
If the agent can't even explain why they charge you so much, then you should look elsewhere.
The Geico app allows me to see how much each part of the coverage costs for each car individually. I can't imagine an agent not being able to do the same.
For example, I can see that the collision part of my coverage on my 2017 S costs about 3x that of our 2015 Lexus Suv and 10x my older pickup truck, with top-of-the-line coverages but a $1000 deductible. If I want to consider a coverage change, the app quotes it on the spot with a full breakdown. Altogether with Geico and full coverage on all cars I'm paying right at $2400 a year, with the Porsche being just under half of that. So much good info is provided.,, you can get the quote online for free.
Oddly enough I ended up last year with broken windshields on all three cars and the claims all went smoothly (statistically a little crazy but true!) My wife had a collision a couple of years ago and that all went just fine too. No concerns about Geico for me.
03-19-2018, 08:39 PM
#170
Rennlist Member
I just got a renewal with USAA.
2014 Boxster S: $886/year
2018 911 C4: $1108/year
2010 RAV4: $750/year
Both my wife and I have one minor speeding ticket.
Bodily injury $300k/$500k.
I live in Delaware which has the 9th highest insurance rates in the nation. https://www.insure.com/car-insurance...nce-rates.html
We have a $1000 deductible.
2014 Boxster S: $886/year
2018 911 C4: $1108/year
2010 RAV4: $750/year
Both my wife and I have one minor speeding ticket.
Bodily injury $300k/$500k.
I live in Delaware which has the 9th highest insurance rates in the nation. https://www.insure.com/car-insurance...nce-rates.html
We have a $1000 deductible.
03-19-2018, 08:54 PM
#171
Rennlist Member
2018 carrera T. Chicago. Farmers. 2300/yr with 1 year new car guarantee (total loss or theft), loan gap insurance, 2500 deductable. Goes down after 12 months when I need less coverage.
03-20-2018, 12:27 AM
#173
03-20-2018, 12:28 PM
#175
I seriously could not think of a single incidence where I had to do anything remotely close to hard braking, yet the report said there were 23 incidences of hard braking. Just that first report confirmed why my agent told me nothing good would come from the service.
03-20-2018, 01:47 PM
#176
Thank You for starting this thread. Since then I also shopped around and then called back Liberty Mutual my original Insurance Company and they also offered me half the original rate, which honestly was slowly going up and I never questioned that. Thus far I am happy with LM.
Shopping around won't always halve your rate. But it will keep it low and increasing a lot slower than it otherwise would.
03-20-2018, 03:22 PM
#177
For a 2015 C2S here in central IL I pay $950 a year for 500k and a $500 deductible with Amica. There is a different rate when the car is hibernating but I don't know what that is yet.
03-20-2018, 10:58 PM
#178
What do you guys think of NJM (New Jersey Manufacturers Ins)?
im paying $3,800 yr for 2016 Cayenne GTS, 2016 Carrera GTS and 2016 Mustang GT.
$1k dedictable full coverage no umbrella.
im paying $3,800 yr for 2016 Cayenne GTS, 2016 Carrera GTS and 2016 Mustang GT.
$1k dedictable full coverage no umbrella.
03-21-2018, 12:41 AM
#179
Rennlist Member
Just my 10 bits.
03-21-2018, 07:34 PM
#180
I am shocked my insurance BARELY went up $200 over a year coming from a '16 M235 to a '15 GTS. $1,200 a year for 300k/300k with 500/100 deductibles. Age 32 with a clean record.