How Much Do You Pay For Insurance?

[coolmanvette75]

well im getting my license next week and my family is with liberty mutual. they quoted me around $315 a month to add me on the policy as the primary driver of my dads monte carlo (even though ill be driving the camaro). how is that rate compared to what some of you pay? and what company do you use?

[Slow-V6]

I pay 230 ish a year for Full coverage but its collector car insurance through Grundy. And the Firehawk is on liabilty only through USAA for 25.00 a month I believe.. We also have our Elauntra, Renters insurance, and Home owners insurance on that same account..

[LTb1ow]

~900 every six months to be on my family's plan.

Damn stupid ass minivan accident finally got me, used to be like 600 ish

[coolmanvette75]

~900 every six months to be on my family's plan.

Damn stupid ass minivan accident finally got me, used to be like 600 ish
what company and coverage is that? did u pay that little when you were 17?

[LTb1ow]

High point, and yes, I have always had it pretty cheap. The insurance company considers the Z28 not a performance car, and have either not care or never looked at my driving record.

[coolmanvette75]

High point, and yes, I have always had it pretty cheap. The insurance company considers the Z28 not a performance car, and have either not care or never looked at my driving record.
wow thats really good. i told my dad and he is gonna look into it. thanks

[Firebird92]

68 dollars for full coverage my firebird
32 dollars for my 1994 Chevy Corsica

[BonzoHansen]

When you compare rates you must compare coverage as well. The state minimum limits of liability are 15,000 per incident/30,000 aggregate (total). That coverage is stupid low - it doesn’t cover almost any new car you can buy today. But it is a bunch cheaper to buy than say 100,000/300,000 limits of liability. If your insurance does not cover your liability they can come after your assets, and in your case possibly your family’s assets. So you need to consult with Mom & Dad on this as well.

I pay ~$2000 annual for 100/300 liability limits on 3 vehicles, with comp & collision on two, $1000 deductibles, through NJ Manufacturers. The Z costs me ~$300 annually for 100/300 liability limits and $20,000 agreed value, $0 deduct on the car via Hagerty.

liability = what you pay for damage you cause to others - not your own car/injuries

[j0n]

When you compare rates you must compare coverage as well. The state minimum limits of liability are 15,000 per incident/30,000 aggregate (total). That coverage is stupid low - it doesn’t cover almost any new car you can buy today. But it is a bunch cheaper to buy than say 100,000/300,000 limits of liability. If your insurance does not cover your liability they can come after your assets, and in your case possibly your family’s assets. So you need to consult with Mom & Dad on this as well.

I pay ~$2000 annual for 100/300 liability limits on 3 vehicles, with comp & collision on two, $1000 deductibles, through NJ Manufacturers. The Z costs me ~$300 annually for 100/300 liability limits and $20,000 agreed value, $0 deduct on the car via Hagerty.

liability = what you pay for damage you cause to others - not your own car/injuries

Carrying anything less than 100/300 in this day and age is foolish IMO.

In ref to the bolded portion, there is no "possibly" about it. Guess who's insurance footed the bill for my motorcycle accident? Hint... It wasn't the 17yo's policy.

[Frosty]

There are so many factors that go into rates....coverage amounts, area you live in, age, car, credit score, etc.

What one person pays in Morris County may be different than what someone in Salem County pays.

I've been with State Farm for like 10yrs, they've treated me very well. I'd list my rates but they're irrelevant since I'm in PA.

[BonzoHansen]

Carrying anything less than 100/300 in this day and age is foolish IMO.

In ref to the bolded portion, there is no "possibly" about it. Guess who's insurance footed the bill for my motorcycle accident? Hint... It wasn't the 17yo's policy.

yup. what I don't know is how that gets determinied. vehicle onwership, place of residence, age, student status, etc., all may come into play. i'm not sure of the details. But yeah, what you do as a kid can screw your family.

[deadtrend1]

$158.00 a month for Full Coverage on my T/A, and liability on the truck and jeep.
that works out to $948 for 6 months, and about $1900 a year.

$27.00 a month for my bike, so thats $324.00 a year.

So around $2224.00 a year for everything. All through Allstate.

[LTb1ow]

yup. what I don't know is how that gets determinied. vehicle onwership, place of residence, age, student status, etc., all may come into play. i'm not sure of the details. But yeah, what you do as a kid can screw your family.

Yea, its a scary thought once you get past the stupid phase in life. :|

[Blackbirdws6]

~$600/yr for the bird with full coverage listed as a limited use vehicle.

[Anti_Rice_Guy]

I'd list my rates but I'm irrelevant

:lol:

[Frosty]

:lol:

lol, dick.

[coolmanvette75]

ok here you go. full coverage (liability,fire,theft,collision) insurance on all 3 cars on the liberty mutual policy (2003 monte carlo ls, 2008 g6 gxp, 94 z28). im 17 years old with a 3.6gpa (i qualify for the good student discount). got quoted an additional $2200 a year to add me to the policy, plus the $1100 a year that i paid to add the z28 to the policy. so that totals out to ~3300 a year for full coverage. matt, did you have full coverage with the numbers from high point that you were telling me earlier?

[LTb1ow]

I am pretty sure I have the bare minimum for coverage, my car would be totaled ASAP by most insurance companys if I claimed anything. So, in that aspect its not worth the extra money, also, my deductible is a grand, but again, I do not claim anything. Cheaper to fix things yourself.

[BonzoHansen]

I am pretty sure I have the bare minimum for coverage, my car would be totaled ASAP by most insurance companys if I claimed anything. So, in that aspect its not worth the extra money, also, my deductible is a grand, but again, I do not claim anything. Cheaper to fix things yourself.

why would you even carry comp & collision? After a $1000 deductible, what do you think they will pay you if you wreck it?

[LTb1ow]

why would you even carry comp & collision? After a $1000 deductible, what do you think they will pay you if you wreck it?

Huh?

[Tru2Chevy]

Huh?

If you have no plans to claim any accidents, why do you have comprehensive & collision coverage? Switch to liability only and save some coin.

- Justin

[BonzoHansen]

Right. If they value your car at $1750 - $1000 deductible = $750 payout. What is it costing you a year for the possibility of $750?

[LTb1ow]

If you have no plans to claim any accidents, why do you have comprehensive & collision coverage? Switch to liability only and save some coin.

- Justin

I do not run the insurance plan, I merely pay what I owe to my parents.

I just know I have the state requirement for insurance and thats it. I think. I would have to check with the insurance plan.

[BonzoHansen]

I do not run the insurance plan, I merely pay what I owe to my parents.

I just know I have the state requirement for insurance and thats it. I think. I would have to check with the insurance plan.

oh, you said you had a deductible, which means comp & collision, which is not required. There are no deductibles on liability. In any event it is still good to consider for anyone with an older car.

[LTb1ow]

oh, you said you had a deductible, which means comp & collision, which is not required. There are no deductibles on liability. In any event it is still good to consider for anyone with an older car.

Yea I was thinking of my saturn, not 100% sure on what the camaro has. But when I smashed up teh saturn it was either do it yourself for ~600 or pay a 1000 deductible.

[Tru2Chevy]

I do not run the insurance plan, I merely pay what I owe to my parents.

You should check with them and find out exactly what the coverage on it is. From what I remember setting up my policy a few years ago, the liability coverage you choose encompasses all covered vehicles, but you can choose comp & collision for each individual vehicle. Since the money is coming out of your pocket, you should make sure that your car is covered by liability only.

- Justin

[LTb1ow]

Yea, just checked, I have just the bare minimum on my car, liability.

And while asking, found out I may be on my own soon, damn it. :|

[coolmanvette75]

well we are gonna shop around and hopefully i can find a better deal. 3300 is crazy, thats more than i paid for the car. if that price stays, the lsx swap is gonna have to wait

[LTb1ow]

well we are gonna shop around and hopefully i can find a better deal. 3300 is crazy, thats more than i paid for the car. if that price stays, the lsx swap is gonna have to wait

If you can, shoot me a PM on what you find price wise for NJ.

[coolmanvette75]

If you can, shoot me a PM on what you find price wise for NJ.
ok. i should know hopefully in a week

[foff667]

We pay $230/mo for ours
2006 Dodge grand caravan-full coverage
2000 Grand prix gtp-just liability
1999 Buick century-just liability

Thats with 300/200 personal injury/property damage on all 3

[ws6 jim]

I pay 1800 a year for the Camaro full coverage 500 deductible and liability for the 91 with 100/300 plus extras. I have travelers and I saved over 1800 a year by switching other policies around to put under the same portfolio.

When I switched I was told Travelers bought several companies and are writing aggresively to attract new customers. It works for me $$$

[r0nin89]

Me and my girlfriend pay $185 a month.

Thats for liability on all vehicles

2002 Corolla DD duty 1
1999 Dodge Stratus DD duty 2
1987 Chevy K10 Pleasure vehicle


When I was 17 and was on my parents it cost me $160 a month to be added to their insurance. $80 of it was the liability and the other $80 was for an umbrella policy my dad had for all our cars and the house so we were covered if we got sued really bad.

[wrong generation]

don't use liberty mutual they suck. when i was 17 i paid $3,000 a year for basicly liablity on my own policy thru them. to drive an 89 volvo station wagon and that was with no points and a spotless record.

now many years later with a sports car im paying alot less then that although im paying more then i think i should be and sense my policy expires next month im currently shopping around again.

[coolmanvette75]

yea im not a fan of liberty. my dad has been a customer with them since 1969 when he got his license and bought his chevelle and they wont cut him a break on price

[wrong generation]

my dad has been a customer with them since 1969 when he got his license and bought his chevelle and they wont cut him a break on price

and he is still with them why ???

as screwy as it sounds i shop for diff insurance all the time just to see who's the cheapest for me lol.

[coolmanvette75]

and he is still with them why ???

as screwy as it sounds i shop for diff insurance all the time just to see who's the cheapest for me lol.
yea we are definitley shopping around now. im not trying to pay more a year for insurance than the actual purchase price of the car.

[wrong generation]

no matter what your pretty much gona end up paying more a year for insurance then you paid for the car at your age unless you paid a hell of alot for the car lol.

[greenformula92]

2400 a year....and thats the cheapest i've been able to get

[ar0ck]

I pay $2,000 a year, for 2 cars & 2 motorcycles
- 1995 Z28 Camaro = Liability only and is listed as a pleasure vehicle driven under 5000 miles a year, $400/Year
- 2001 S10 4cyl = Liability only $500/Year
- 2008 Yamaha R6S = full coverage, $1,000/year
- 2009 Kawasaki KLX250SF = Liability only $100/Year.

The Camaro is currently on a 6 month "Withdrawn from Use" status so I only pay $90/year. This is with State Farm, 25urs old and being in the military!

[79T/A]

don't use liberty mutual they suck. when i was 17 i paid $3,000 a year for basicly liablity on my own policy thru them. to drive an 89 volvo station wagon and that was with no points and a spotless record.

now many years later with a sports car im paying alot less then that although im paying more then i think i should be and sense my policy expires next month im currently shopping around again.

Yeah, I agree. My family always used Liberty Mutual also, so when I was 17 and drove an old beat up Toyota Corolla, I was on the parents' policy so it wasn't too bad. When I got my first Camaro a year later ('83 with the anemic 2.8 V6), I went on my own policy for about $1700 a year (This was in the early 90s). I stayed with them until 2002, when I had my first at-fault accident (Literally dented their plastic rear bumper cover). I reported it to Liberty Mutual (As required by law) and informed them that we were settling it on our own. Unbeknownst to me, the driver of the other car made a claim. Now, that doesn't bother me so much, even though the guy told me he would get an estimate and call me. What bothered me was that Liberty Mutual never notified me of this and when I got my new policy months later, the rates had gone up over $1k. When I called them, they informed me that a claim was made and they didn't have to notify me of that. Whether that's right or not, I think it's BS and poor customer service. Despite growing a little older, my cars getting older and moving to a less populated part of the state, my rates continued to go up and the customer service continued to decline.

I switched to Geico. Full coverage on both of my running vehicles was about $2k a year (At least $1k less than Liberty Mutual), and has been going down a little at a time every year (Even after adding a third vehicle in 2008). Of course, I haven't had any accidents since then (Knock on wood) and I'm technically a government employee, so I'm sure that helps. My point is, I would look elsewhere, especially if they won't take into consideration that their customer has been with them for over forty years and is a safe (Presumably) driver.

[band77one]

im with allstate, before taking my camaro off the policy i was at 192 a month, with my 89 silverado, and my 88 iroc which had custom car coverage for about $10,000 of coverage. now with just my truck im not even at $100 a month.

[j0n]

yup. what I don't know is how that gets determinied. vehicle onwership, place of residence, age, student status, etc., all may come into play. i'm not sure of the details. But yeah, what you do as a kid can screw your family.

If you're a minor and not emancipated, the 'rents are on the hook.

[Frosty]

If you're a minor and not emancipated, the 'rents are on the hook.

Yup.

[WiMiMc]

i have high point and i'm on my parents plan, i'll have to ask how much but i think its ~1600-~2000.

[Frosty]

That's one thing I love about PA. 122/month for liability on the Tbird, GTA and $15K of renter's insurance. Even liability on the daily driver and full coverage on either the Z28 or the C5 and same renter's insurance was still only $15x/month.

State Farm and PA FTW :D

[Stevoone]

I pay about $1,700 a year with full coverage on my wifes 2004 Jeep Liberty and liability only on my 96 Ram and my 87 T/A. I think I have 100k/300k and a $500 deductible on the Jeep. Progressive was the least expensive I could find, I've gotten quotes a few times and haven't found anything cheaper yet.

When I first started driving I was paying $2,800 a year for liability on an 87 Mazda pickup.

[The Fixer]

We have NJ Manufacturers as well. We have full coverage on both vehicles ('01 Cherokee and '03 Liberty Limited) and pay about $1900/yr for 100/300K coverage. The Monte costs me about $400/yr through Hagerty.

[HeadlessNorseman]

when i was 19, financing a car, it was more than the payments, around 3500 a year i think. I had an awesome job then so it didnt matter to me. Full coverage is fairly pointless on an older car, like bonzo stated deductibles are gonna be almost the value of the car

Now at 24 i pay about 600 a month for crx+924, bare minimum iability, its around 500 for just one. When i turned 21 it went down a lot, then i got a lot of tickets in a row and it went right back up. Stupid stuff does seem to follow you longer than it should :(

[coolmanvette75]

yea i have a good job and id be able to pay 3300 a year, but id rather pay less so the extra money can go towards go-fast goodies.

[r0nin89]

Because someone mentioned it just an FYI its not law that you have to report an accident to your insurance company. I went threw this when I got in a fender bender. Granted it wasnt my fault but I asked them if I was legally obligated and they said "No legally your not but we as a company frown upon it and its a good idea to report it, especially if your not at fault"

[coolmanvette75]

well, so far high point is 1000 cheaper than liberty mutual for the whole family, so ill save a couple hundred bucks. still getting quotes though

[Frosty]

Try State Farm like I said earlier, they've been really good to me.