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#193 of 213 Re: Where you live makes a difference [lilengineerboy]
Apr 12, 2008 (7:33 am)
I think its kind of interesting that everyone is randomly comparing insurance prices around the country, but location (down to the street level, I am told) makes a difference. Where the cars are parked at night and during the day, how many miles they are driven, and in some states, even the credit report factors in, so other than some arbitrary number, I don't see a whole lot of value in the information here.
So then If I send my insurance company $298 and tell them thats what Jipster pay they won't accept it?
I see more value in this conversation then what is the best egg head calculator to use.
#194 of 213 Re: Where you live makes a difference [joel0622]
Apr 12, 2008 (11:24 am)
Yup perhaps not if Jipster is in LA and you are in Chicago, he owns a million dollar home outright and has a Camry with no tickets and no accidents, and you are living in the projects because you got evicted from your apartment for failure to pay and you have a DUI, 2 accidents and a reckless driving.
But I do agree, the calculators are annoying and espeically in no-fault states like Michigan, insurance is pretty much a scam.
#195 of 213 Re: Here's what I pay [joel0622]
Apr 12, 2008 (11:33 am)
Here's my sad story on homeowner's insurance, keep in mind I live in Florida where many companies look for a reason to cancel you. I had 3 minor claims on my homeowners policy.
1) About $150 when my 5 yr old was playing Tiger Woods and the club slipped out of his hands and ended up in my next door neighbor's window.
2) A couple hundred bucks when my dog go a hold of my son's friend retainer.
3) This one's the kicker. My dog got a hold of my father in law's hearing aid. They ended up getting a new one since it was pretty old and not working very well and there was no money paid out by the ins co.
Snake Farm cancels me for "claim frequency".
#196 of 213 Re: Here's what I pay [mikefm58]
Apr 12, 2008 (12:42 pm)
When I think of insurance, I think of it as a method to protect myself against catastrophic disasters that I could not pay for out of my pocket without going into serious amounts of debt. I will usually buy insurance policies with a higher deductible, since I don't see any point in buying insurance to cover myself against claims that I can pay for out of my own pocket.
Along those lines, there is no way that I would submit a claim against my homeowner's policy for $100 since I can easily pay for that myself without having the hassle of submitting the claim, or the added expense of the insurance company raising my rates of canceling my policy.
To keep it "on topic", for the longest time I had a $500 deductible on my auto policy, mostly because of inertia. Then after reviewing the policy, I saw that it didn't make much sense to have such a low deductible. I decided to raise it to $1500. I ended up saving a bunch of money on premiums, and $1500 is about my threshold where it would start to get "painful" to pay for a claim out of my own pocket. Fortunately, I've never had an accidents that have been my fault in the 20 years that I have been driving, so I figure that I'm already ahead of the game by raising my deductible.
#197 of 213 Re: Here's what I pay [humblecoder]
Apr 12, 2008 (1:23 pm)
I agree with you. I was young and foolish at the time. Live and learn.
#198 of 213 Re: Where you live makes a difference [lilengineerboy]
Apr 12, 2008 (1:28 pm)
"...he (jipster) owns a million dollar home outright..."
So grinding the deal does pay off.
"...you (joel) are living in the projects because you got evicted..."
Gee, I knew car sales were down, that job mowing my lawn is still open.
#199 of 213 Single, 24, Female with a '07 Scion tC
Apr 15, 2008 (2:00 am)
I have American Family get discounts due to multiple cars (since I'm still living at home & my Dad insures his two cars with them), and accident free (knocking on wood) 3% discount. With two speeding tickets (1st in '04, 2nd in '07) and GAP insurance.
107.00-ish a month
$1,284 a year.
I'm not even suppose to be paying that low but somehow I am. Helps when your family stays with a insurance company for over 20 years; I guess.
I've did estimates for other insurance and they range 260-350 a month! Allstate, Farmers, Geico, Progressive...
#200 of 213 Re: Single, 24, Female with a '07 Scion tC [andeet]
Apr 15, 2008 (2:36 pm)
You're getting a sweet deal. Living at home with the parents has a few very small advantages. I remember when I was still living at home, my insurance was pretty low because we had multiple vehicles on the policy. Four plus a motorcycle and it helped when my parents were really close with our insurance agent and her office only happened to be less than 5 minutes away from my parents house. But then again, the disadvantages at living at home out-weight the advantages IMHO.
Nov 01, 2008 (7:06 am)
TOTAL: $407.72 for 6 months
Is this too much This is the most in my 57 years of driving
#202 of 213 Re: State Farm [fseaver]
Nov 01, 2008 (10:29 pm)
> Is this too much? This is the most in my 57 years of driving?
That would depend upon where you live? Manhattan or Cornpone, Iowa? How much coverage are you carrying? How much do you drive? What are your deductibles? Do you have discounts besides the 25% for safe driving? State Farm has discounts for multiple cars, multiple lines (home or life insurance), air bags and ABS, anti-theft devices, and defensive driving course.
My discounts total about $400 which is about equal to what I actually pay every six months.
State Farm bumped up your premium when you turned age 75 (the first digit in your class number should be 2). Ask your agent how much that bump was.
The only way to evaluate your premium is to check around on-line and on the phone. Check with an independent agent, All-State, and GEICO. I do every few years, and State Farm gives me the best deal.