Last post on Nov 10, 2009 at 11:10 PM
You are in the Honda Insight
What is this discussion about?
Honda Insight, Hybrid Cars
#169 of 178 Re: Insight Insurance Premiums [gagrice]
Feb 26, 2005 (9:32 am)
Although the Insight and HCH might deprecate faster then a Prius II on a % basis, their initial purchase is lower and I believe the Insurance figures should be lower as well? With all of that, a used Insight is a consideration vs. new given you are looking at south of $20K for initial purchase no matter which one you are looking at. Well sort of … I have seen HCH’s go out in the low $18K range recently. At these prices, you will get hit hard on the resale no matter which hybrid you would consider. A $27,000 Prius II or $32,000 Accord Hybrid? Those guys are going to hurt bad when its time to move on to something else Unless of course gasoline does hit and stays above $3.00/gallon which might be the case from recent Gasoline - Futures pricing activity on the NYMEX this early on in the year before the 05 summer driving season actually arrives.
If someone were purchasing a used Insight for example, they could expect to pay $7.5K for a beat up - high mileage 00 to $12.5K for a well kept - low mileage 02. This type of pricing keeps the TCO reasonable given the much lower initial purchase price and depreciation from those numbers. The same can be said of any vehicle actually. I won’t have final figures until my own 00 Insight sells but here are the prelims if I receive maybe $9,250 - $9,500 for it?
Depreciation: $750 - Purchase price - Sale price
Financing: $275 - I actually own mine but someone purchasing a used one might pay this?
Insurance: $560 - This is what I pay in IL.
Taxes and Fees: $770 - State taxes on purchase + TL fees in IL.
Fuel: $709 - 36,200 miles with actual fuel cost, not just 15,000 miles as Edmunds proposes.
Maintenance: $110 - 5 x $22.00 Mobil1 0W-20 and Supertech filter changes.
Repairs: $440 - Cracked windscreen replaced, new RE92 for one w/ a screw in it.
Yearly Totals: $ 3,614 over 36,200 miles.
The TCO works out to be almost $0.10/mile vs. Edmunds $0.37/mile for a new one when doing the TCO calculations on an 05 Honda Insight. Again, I ran her for 36,200 miles in a year with the above totals vs. Edmunds 15,000 miles/year basis. They (Edmunds) seems to be high on the MDX, Corolla, and the Ranger’s TCO’s as well. I do not pay MSRP on anything, I receive far in excess of their FE numbers for the fuel cost calculation, and my maintenance and insurance costs are always lower also. Hopefully everyone will find this to be the case with their own automobiles.
Wayne R. Gerdes
#170 of 178 Re: Insight Insurance Premiums [xcel]
Feb 26, 2005 (3:16 pm)
That is good information to have. For anyone needing a commuter car for one or two people, I don't see how you can do any better than 10 cents a mile. I'm with you on the MSRP selling price. It would be an absolute cold day down below before I would pay close to MSRP for ANY car.
#171 of 178 Re: Insight Insurance Premiums [gagrice]
Feb 26, 2005 (6:25 pm)
One reason I can see for this kind of deception. Toyota has paid advertising on IntelliChoice on almost every web page. I did not see any advertising from Honda. So guess who gets the shaft this year. You pay or we skew the figures to make your car less desirable. How can we trust any of these publications?
You can really go off the deep end sometimes, you know that? You aren't related to the Gary who produced the X-Files, are you? You like conspiracy theories so much I wouldn't be surprised. 8-)
If you want to see the "bias" Intellichoice has against Honda, take a look at their Best Deals for Subcompacts, Compacts, Midsize, Near Luxury, Sport, Minivan, Small Utility, and Intermedidate Utility categories. They are full of Hondas and Acuras.
No, Insight didn't make their Best Deals list for subcompacts. But honestly, do you think it should--as a new car? Compared to cars like the Civic Coupe and Beetle TDi?
#172 of 178 Re: Insight Insurance Premiums [backy]
Feb 26, 2005 (7:17 pm)
You can really go off the deep end sometimes, you know that?
No I don't. How do you explain their insurance pricing between the Prius and Insight. $6063 for five years on the Prius and $9655 on the Insight. Maybe that does not seem odd to you. It can make the difference between a cost effective vehicle and one that is not. That is why I asked an Insight owner about Insurance. It seemed rather high. And yes I noticed that the VW TDIs all rated highly. I also noticed a lot of advertising by VW/Audi. I like to see honesty in these publications not bias. Most people do not research their cars as you and I do. They could be mislead by those kind of Headline reports. Just skew one aspect and the car goes from excellent to average. Do you know anyone that has bought a Prius II for $20,875? I watch this board from time to time and have not seen any. It is more like $23k to $30k. If you paid $30k for the Prius you would be in a "don't buy this car" category. That would add $10k to the Total Cost to Own.
#173 of 178 Re: Insight Insurance Premiums [gagrice]
Feb 26, 2005 (9:50 pm)
Did you consider that Intellichoice's info is not based on one city, on one person?
For someone who has sung the praises of diesels, it seems odd to me that you would disagree with Intellichoice's choice of the Beetle TDi as a Best Pick.
I know of many people just in my own city who have paid under $23k for a Prius, plus T&L. Just because some people pay $30k for a Prius doesn't mean everyone does.
Before you accuse a publication of bias, you need to have something more to back it up than "Company A advertises on their web site, therefore they are biased." Especially when there is so much evidence to the contrary. How do you explain all of the Hondas and Acuras recommended by Intellichoice if they are so biased against Honda and in favor of Toyota?
Can we get off the Intellichoice attacks and back to the Insight? My local paper's car section is running a special story on the 2005 Insight tomorrow. I thought that was a curious choice, given the low sales volume for the car. What was it, seven sold in the U.S. in January? Anyway, I'll let you know if they say anything interesting.
#174 of 178 Re: Insight Insurance Premiums [backy]
Feb 26, 2005 (10:18 pm)
I thought that was a curious choice, given the low sales volume for the car
I find it strange also. I think the Insight is the most value for the money of the hybrids. If you have a long commute.
#175 of 178 [gagrice]PRICE PAID FOR PRIUS '04
Mar 24, 2005 (9:26 am)
I PAID $20, 862.00 18 months ago LAKESHORE TOYOTA in Burns Harbor INDIANA. I pay $268.00 every 6 months for "full coverage ins. Farm Bureau. No breaks on plating the hybrid in Indiana (although Indiana should be ashamed for not offering a discount for plates and a tax break from the state tax people.
Railroadjames(enjoy the ride)
#176 of 178 Re: Insight Insurance Premiums [gagrice]
Jun 03, 2007 (7:34 pm)
I am paying about 380 dollars a year with 500 dollar deductibles.
#177 of 178 Honda Insight Brake Failure
Nov 02, 2009 (5:19 pm)
The brake line to the front left wheel of my garage kept 2000 Insight with 100k mi corroded at a bend in line below the streering gear and almost caused a major accident. Has anyone else had a problem like this with their Insight.
#178 of 178 Re: Insight Insurance Premiums( Gagrice)
Nov 10, 2009 (11:10 pm)
I have taken insurance policy for my car as well and i have not pay anything extra to my insurance company i.e. online-autoinsurance.net. I get maximum benefits from my insurance company at reasonable prices. I think its always better to opt for good insurance company which can provide you the best policies for your cars.