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What do you pay for insurance?

212 messages,  Last post on Feb 09, 2009 at 1:11 AM

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What is this discussion about? Buying Insurance

Messages Page 18 of 22

#166 of 212 press request by kirstie_h HOST

Nov 22, 2005 (6:55 am)

A journalist working on a personal finance story about auto insurance is specifically hoping to find some people who pay enormous amounts in auto insurance. (For example, perhaps some young males who own pricey performance cars.)
 
If you're someone who's paying several thousand dollars annually in auto insurance, or has a son or daughter who is, please respond to predmunds.com before the end of the day Weds., Nov. 23, with your daytime contact number.

#167 of 212 High risk driver in Boston by viki617

Nov 26, 2005 (11:40 am)

does anybody know a high-risk driver and how much they pay for insurance? (teenager, step 18 or above?) i'm in the process of getting rid of my v6 mustang conv. and just wondering what people's insurance rates are for less sporty cars (late model Accords or Corollas, Camrys, etc.)

#168 of 212 2006 Tacoma Double Cab TRD Insurance??? by dizzle65

Feb 13, 2006 (6:47 pm)

Hi all,
 
I am car shopping. Any thoughts as to why insurance for a 2006 Tacoma Double Cab with the TRD Off Road package is so high? I mean, my father is an insurance agent for a major and well-respected insurance company (not Geico or Progressive) and I recently got a quote on 3 cars I am considering, based upon full coverage in the state of Michigan. Keep in mind that I am 26, have never had a ticket or even been pulled over; have never had an at fault accident; etc.
 
The results were as follows:
2003 Range Rover 4.4 HSE $985/six months
2006 Toyota Tacoma Double Cab TRD off Road $835/six months
2006 Chevy Tahoe Z71 $738/six months
 
I mean, I expect the Range Rover to be high, given its theft rate, cost of repair, and uber price tag. However, I see no reason why the Tacoma, with a higher NHSTA crash test rating (5 stars), a $20K lower price tag, a lower potential for overall injury given that it holds fewer people; and with a possibly lower theft rate would be so much higher?
 
My father tried to explain, but not to me satisfaction. I believe that there is some kind of "Big 3" Insurance conspiracy or push to drive traditionally "American" cars or something like that.
 
Can anyone help me?

#169 of 212 Re: 2006 Tacoma Double Cab TRD Insurance??? [dizzle65] by bobst

Feb 14, 2006 (10:43 am)

Replying to: dizzle65 (Feb 13, 2006 6:47 pm)
Why pay more for a TRD?
 
Probably because the insurance company has found drivers of those vehicles have had more claims against the insurance company. That's all.
 
I recall reading once that it cost more to insure a Mustang with a manual tranny than it cost to insure one with an auto.

#170 of 212 Oregon Rates by corbow

Mar 23, 2006 (7:45 pm)

I feel a little better after reading some of the amounts folks are paying, but I still think we're being gouged. We are a married couple, homeowners, wife age 46, husband age 57, with a 2006 Honda Element and a 1995 Nissan pickup. No accidents or violations on insurance company's records, but we're shelling out over $2,000/year for auto insurance (including comp and collision on both cars).
 
We would switch companies, but husband actually does have a few speeding tickets (insurance company hasn't pulled our DMV report in years). I've gotten some online quotes which range from comparable to absurd. I think it's kinda odd that Progressive's online quote--which includes all our violations--is about the same as what we're paying Allstate, which claims to not have our violations on its radar screen.

#171 of 212 corbow by marsha7

Mar 23, 2006 (8:00 pm)

if you can EVER learn the secret to how insurance companies arrive at their premiums, you will have achieved wisdom only reserved for the wise monks of the upper mongolian mountains...

Messages Page 18 of 22

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