About multiple cars.......My insurance co (Farmers) gives me what they call a multi-car discount. Really, I don't see much savings at all. You're right about how they SHOULD realize that you cannot drive them all at the same time and I THINK they should have an exclusion that places responsibility on you if you let someone use one, BUT they do not unfortunatly. Rather, it seems they have the attitude that they will all be on the road at the same time. Therefore, they make ya pay. About all you can do is to drop insurance (except for comp) in the winter or when the car is not in use. You really do need to see your agent about this. Also, I do get a discount on a couple of them for claiming usage to be under 5,000 miles per year.

Back in the good ol' days (like hardly 20 years ago) you could get a broadform policy that covered all your cars. It only cost a bit more than a single car policy. Guess they decided they wanted more $$$ in response to lawyers suing everyone for stupid things like 10MPH rear end accidents. This behavior is why liability insurance costs have gone through the roof, along with statistics about accidents/tickets and how the # of accidents/tickets show likelyhood of another one soon.

If you'd like to do some beneficial ranting, contact the lawmakers in your state and SUPPORT legislation that discourages frivilous lawsuits and limits liability. Noboby deserves a $20K check for a couple of bumps and bruises caused by a minor fender bender. The rest of us are paying for that.

Welcome to the "New America" as I call it.

 

Seems pretty cheap compared to my sons. He's 22. Drives a 2001 Focus ZX3 and was paying $3000+ yearly. He had one speeding in excess, 20 mph over, and one non point taking moving violation. He was never in an accident that was reported and what all the insurance companys told us was his zip code is the problem. For instance if he was still living here it would be $1600-$1700 a year. We finally got hooked up with a different angent that found the same coverage he had and it reduced his yearly cost down to $2200. Accidents & tickets coupled with an unfavorable zip code will make for some preminum prices. As far as that buying a Mustang GT good luck with the insurance. Your age and previous record, 3 accidents, they might not even offer coverage to you. Insurance companys are trying to recoup thru all of us from the 9/11 tragedy and this is one source of their revenue. Good luck.

 

I hope that someday I will come up with a service that the government will make mandatory. I'll jack up the prices and make a fortune!!!
I have never made a claim, and my insurance has gone "down" I guess, not alot, but it makes me feel better knowing that if I get in an accident, I'll get screwed by not only the courts and the DMV, but also my insurance company.
We pay alot for their services, yet when it comes time for them to cover us, they find any reason they can to NOT cover us. So after paying them $200 bucks a month for years and years, they find it in their hearts to deny people the "insurance" they have paid for.
It's a joke. Now Colorado is going back to a "tort" system, where you have to sue to get your money, and the insurance companies say it will substantially lower our premiums, but it wont. I hate insurance companies.
BDV

 

You live in Danvers, a city with one of the biggest, if not the biggest shopping center/mall in the state where cars get stolen all the time. Your rates are as high as Peabody for the same reasons, the cars stolen from the shopping centers. I believe the only other cities with higher rates are Roxbury and Lynn followed by Revere.

 

man I have never had really high rates.

I am 21 and insurance on my truck is only $130 a month.

I get several discounts such as 5 year no accident, multiple vehicle, multiple plans (life, retirement)

I also have been in four accidents. none my fault. and I have 3 tickets in the last four years.

 

You want to see high insurance rates? Come over to NJ -- we make the rest of your rates seem like a bargain!

 

I don't know about these accidents that are not your fault. Are you sure that your insurance company is looking at them that way? Here where I live they don't count anything that's not on your driving record and an accident caused by another driver does not go on your record. At least here it doesn't. I've been in 4 accidents. Two my fault and they are the only ones counted against me on my insurance. I'd shop around and clarify this point with a few companies.

 

Welcome to the assigned risk pool, be glad you can get insurance at all, and remember to lubricate before paying you're legalized extortion to prevent further pain..

 

About the accidents not being your fault... My work truck was hit'n'runned a few years ago. It was just sitting in front of my house (on a dead end street) at about 3 AM, right after I got home from work. I was relaxing in my living room and I saw the whole thing happen through my window. Anyway, my insurance nailed ME for it. Now tell me what I did wrong. They finally cought the guy and got him to pay up. They also made me pay for a non-insured motorist deal.

I HATE INSURANCE COMPANIES!!!!

 

After reading the posts and replies in this thread, it sure makes me feel good that BC has a government run auto insurance company. I carry 2 million liability, 150,000$ in own medical costs (in addition to our government covered medical plan), I have a 300$ comp deductible and a 300$ collision deductible. Full coverage in the event of a hit and run with a 300$ deductible all for the low, low price of 1300$ Canadian per year. There was a huge push for privatization in the insurance industry here with our recent change in government. The incoming government promised to privatize all the auto insurance coverage but once they looked into it they realized that there was no way for a private company to match the prices.
Hurray for ICBC.
Don