What do you pay for insurance??
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Elder User
Joined: Mar 2015
Posts: 652
Likes: 2
What do you pay for insurance??
I'm curious as to what everyone else is paying. I'm 36, haven't had a ticket in 13 years, have not had an at fault accident in 13 years. I've had 3 claims since 2008, two deer strikes, and hail damage. Acts of god, not my fault.
I'm paying 95.00 a month for full coverage on my truck. 95 a month seems like alot to me for a 16 year old truck. I've done a lot of shopping around and it's the cheapest I can find, with allstate. Even geico wanted around 115 a month.
I'm paying 95.00 a month for full coverage on my truck. 95 a month seems like alot to me for a 16 year old truck. I've done a lot of shopping around and it's the cheapest I can find, with allstate. Even geico wanted around 115 a month.
Senior User
Joined: Mar 2015
Posts: 475
Likes: 0
From: Yonkers, NY
Sounds like a lot of money for those older trucks considering the insurance will just total the truck if the damage exceeds the book value of the truck.
Have you ever asked your insurance what the "totaled" value of the truck is to determine the max payout you would receive? That may make you re-think carrying full coverage on them.
I pay $180/month to cover a 2015 truck, which would involve a much larger possible payout if it got totaled. I also have a separate $1M liability umbrella policy covered in that payment.
Not sure where you are located, but I'm in NY very close to NYC, so would expect high rates here.
Have you ever asked your insurance what the "totaled" value of the truck is to determine the max payout you would receive? That may make you re-think carrying full coverage on them.
I pay $180/month to cover a 2015 truck, which would involve a much larger possible payout if it got totaled. I also have a separate $1M liability umbrella policy covered in that payment.
Not sure where you are located, but I'm in NY very close to NYC, so would expect high rates here.
Hotshot
Joined: Aug 2001
Posts: 16,178
Likes: 398
From: Odessa, Delaware
Your best bet would be to keep shopping around. There are so many insurance companies out there now, I'm sure you can find a better rate.
I have Travelers and pay $442 every six months on my 2010. I also get a discount since I insure multiple cars and trucks.
I have Travelers and pay $442 every six months on my 2010. I also get a discount since I insure multiple cars and trucks.
Postmaster
Joined: Jul 2015
Posts: 4,392
Likes: 22
From: very South Texas
2012 F-250 XL.. 2 months ago..
I am paying 410 a year, full coverage.
State Farm. but I also have my house with them, and Wife's' PT Cruiser
I am paying 410 a year, full coverage.
State Farm. but I also have my house with them, and Wife's' PT Cruiser
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Lead Driver
Joined: Oct 2014
Posts: 5,934
Likes: 1,351
From: NY/Canada border
$122/month for full coverage on a 2014 F250, 2012 Chrysler 300 and a 2007 Mustang GT. 100/300 liability and $500 deductibles for collision.
I just picked up a 2003 Cadillac CTS to save some miles and salt driving on my F250. That's only a couple hundred a year for liability so I just pay that one in full.
Commercial policy on my 2001 F450 bucket truck is just over $800/year. But the truck is covered as the piece of equipment that it is. So I would get money if it were damaged in an accident and unusable.
I just picked up a 2003 Cadillac CTS to save some miles and salt driving on my F250. That's only a couple hundred a year for liability so I just pay that one in full.
Commercial policy on my 2001 F450 bucket truck is just over $800/year. But the truck is covered as the piece of equipment that it is. So I would get money if it were damaged in an accident and unusable.
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New User
Joined: Oct 2015
Posts: 12
Likes: 0
Through whom if you don't mind me asking? I'm paying twice that...48 with one ticket and no wrecks...ever...I've been with Progressive for years, but I need to shop.
Cargo Master
Joined: Jan 2012
Posts: 3,053
Likes: 21
From: Pittsburgh, PA
Erie Insurance (also have homeowners and life through them)
2002 F250 - Full Coverage
2007 Suzuki Grand Vitara - Full Coverage
2008 Suzuki King Quad - Full Coverage
1994 Ford Ranger - Liability
$190 a month
I know that I don't have the cheapest insurance, although I do not think my price is bad. But one very important detail of insurance is you can get it cheaper and cheaper, but what are you giving up in the process? Don't skimp on insurance to save a few pennies, because one day you may REALLY need it. My mom was an insurance agent and I ride quads with a few agents and adjusters who work for Erie. If I ever have a problem, I have no doubt I will be able to get the assistance I need.
On another note, switching from full tort to limited tort is a common way to save money. This means you give up your right to sue someone in an accident unless they are drunk or maybe a few other exceptions. Ask your agent about it.
2002 F250 - Full Coverage
2007 Suzuki Grand Vitara - Full Coverage
2008 Suzuki King Quad - Full Coverage
1994 Ford Ranger - Liability
$190 a month
I know that I don't have the cheapest insurance, although I do not think my price is bad. But one very important detail of insurance is you can get it cheaper and cheaper, but what are you giving up in the process? Don't skimp on insurance to save a few pennies, because one day you may REALLY need it. My mom was an insurance agent and I ride quads with a few agents and adjusters who work for Erie. If I ever have a problem, I have no doubt I will be able to get the assistance I need.
On another note, switching from full tort to limited tort is a common way to save money. This means you give up your right to sue someone in an accident unless they are drunk or maybe a few other exceptions. Ask your agent about it.
Fleet Mechanic
Joined: Dec 2007
Posts: 1,502
Likes: 339
From: Wildwood Pa
A little known fact is that your credit rating plays a large part in your insurance cost. Low credit score = higher premiums.
Insurance company research shows that people with low credit scores are most likely to file a claim. Credit scores are easy & cheap to obtain for the insurance companies so they use them as a large part of what determines rates.
Makes it hard for folks like me that don't borrow money, or buy anything on credit, with a credit score of 0. They don't care that I haven't had a ticket in 34 years of driving, & 1 accident claim 25 years ago.
Insurance company research shows that people with low credit scores are most likely to file a claim. Credit scores are easy & cheap to obtain for the insurance companies so they use them as a large part of what determines rates.
Makes it hard for folks like me that don't borrow money, or buy anything on credit, with a credit score of 0. They don't care that I haven't had a ticket in 34 years of driving, & 1 accident claim 25 years ago.