Car Insurance.

[PublicSecrecy]

Is in the US or Canada? Also, if a car has a super charger or turbocharger of any kind its automatically filed under a sport type, if you have a turbocharger you obviously want to make it go faster and speed = danger in the eyes of the insurance companies. Also, if you ever modify you're car in terms of performance, NEVER...EVER tell them. As soon as you do they will either cancel your insurance or jack it sky high...that may be why his insurance sets him back 6G's.

 

[Chris Hendriks]

Also, if you ever modify you're car in terms of performance, NEVER...EVER tell them. As soon as you do they will either cancel your insurance or jack it sky high...that may be why his insurance sets him back 6G's.

i think u should tell the insurance company about any expensive mods u get.I would rather get part of my money back for the part from the insurance rather than not telling them and getting nothing.

 

[Famine]

Also, if you ever modify you're car in terms of performance, NEVER...EVER tell them. As soon as you do they will either cancel your insurance or jack it sky high...that may be why his insurance sets him back 6G's.

That would be illegal.

If there are modifications to the manufacturer's original vehicle specification you MUST tell your insurers. If not, you run the risk of either being caught by the police or, more seriously, your insurers declaring the policy void in the event you have to claim anything.

So imagine this - you have a bodykit on your car, because you think it looks cool. You don't tell your insurers and they keep the premium at, say $1000 a year, rather than $1200 a year. You're saving $200 right? You have a crash - it's a bad one. Your car receives a mild scratch to the tune of $150. From a now-dead pedestrian's skull.

The assesor comes to look over your car. He "finds" an undeclared bodykit and your policy is annulled. Now you have to pay for the damage to your car out of your own pocket, and the family of the dead pedestrian don't receive any compensation by way of damages. They sue you. If they don't win, you have to pay your legal costs. If they do win you have to pay your legal costs, their legal costs and, in all likelihood, around $500,000 damages. Your insurers won't cover the legal costs because, to them, you aren't insured.

So, from saving $200, you're now FUBAR. Just because you're too stupid to declare some stuck on plastic. In fact, better than that, you're driving around with NO INSURANCE, for which you're paying the privilege of $1000 a year.

 

[tabelins]

$908 every six months just for liability

 

[Emohawk]

2400CDN a year. Bare minimum coverage. (ICBC)
Because I'm 22 and I have an underpowered 20 year old sports car. (and one accident which I receieved a grand total of no money for).
I cannot afford this, so my car's been sitting in the driveway since December.

 

[GT3mich]

I don't pay for car insurance. It comes with the company car(s).

 

[animateria]

I guess I'm lucky to drive a bland reliable car ....

I pay $ 530 every six months... (But my plan is liability only... the car isn't worth the premium)

 

[a6m5]

When I drove my 98 Accord LX, it got as low as $436(around there) for 6 months. After my red light camera ticket & 2004 Altima 2.5s, now I pay over $500 for 6 month's of insurance.

 

[1X83Z]

Car insurance is for suckers.

 

[toyomatt84]

I'm curious as to what type of vehicle would require the cheapest insurance?

I was thinking of getting like a Daewoo, Hyundai, or Kia. I'd like to keep the vehicle price under 2500 usd and the vehicle under 70k mi. Oh yeah, it has to be less than a decade old as well. Surprisingly enough, I've found a ton of vehicles to fit under that category. (It was quite a great sight.) If at all possible, I'm shooting for a manual car, due to my personal preference in driving styles.

 

[Super Jamie]

$220 a year, full comprehensive, with salvage option. then again, i only get 5 grand if i total the thing

 

[CAMAROBOY69]

Progressive
I have 2 cars on my insurance right now (1996 Ssaturn, 1969 Camaro storage coverage) and I pay $59.00 a month. If I add the 67 Mustang it is a total of $75.00 to have all 3 cars on.
Now if I put full coverage on the 69 Camaro and cover it for $15,000+ then I pay closer to $150 a monthfor all 3 vehicles.
Conclusion
2 cars $700 year / $59.00 month
3 cars $900 year / $75.00 month (Camaro with storage coverage)
3 cars $1,800 year / $150.00 month (Camaro covered for $15,000)
Forgot to mention I have never been in an accident.

 

[Ev0]

I'm curious as to what type of vehicle would require the cheapest insurance?

I was thinking of getting like a Daewoo, Hyundai, or Kia. I'd like to keep the vehicle price under 2500 usd and the vehicle under 70k mi. Oh yeah, it has to be less than a decade old as well. Surprisingly enough, I've found a ton of vehicles to fit under that category. (It was quite a great sight.) If at all possible, I'm shooting for a manual car, due to my personal preference in driving styles.

Avoid Daewoo like the plague. I can't possibly say more than that.

Kia and Hyundai are improving, but are still way behind everyone else in terms of quality and reliability (although the Hyundai Tiburon, and the Santa Fe are exceptions, as they are good vehicles).

 

[T5-R]

Cost me £570 to insure my '93 SEAT Ibiza 1.2i (Which I'm hoping isn't leaking fuel again) for a year as a new driver with no no-claims & no experience although i got a massive discount with pass plus without it would have been £930+.

Whats amusing is I could have insured my bros '95 Volvo 850 2.5 20v for only £80 more Hence my next car is planned to be a Volvo & hopefully get it before tax & MOT runs out on the SEAT.

 

[toyomatt84]

Avoid Daewoo like the plague. I can't possibly say more than that.

Kia and Hyundai are improving, but are still way behind everyone else in terms of quality and reliability (although the Hyundai Tiburon, and the Santa Fe are exceptions, as they are good vehicles).

Seriously? I thought Daewoo was stepping it up a bit in the Lanos. It's got a decent four cylinder and supposedly great gas mileage.

What about a Geo Metro? (Don't laugh, I need to save some cash to move, so I'm pretty open to it.)

 

[Goomba]

I insure my 2004 WRX with the same coverage for less than my 2002 Hyundai Accent, same company and everything.

 

[a6m5]

Seriously? I thought Daewoo was stepping it up a bit in the Lanos. It's got a decent four cylinder and supposedly great gas mileage.

What about a Geo Metro? (Don't laugh, I need to save some cash to move, so I'm pretty open to it.)

I'd go with old Tercels, Escort, Corolla or something, though Metro/Swift do get good MPG.

If your mind's set on a Korean car, I recommend Hyundai. Kia and Daewoo are usually on the bottom of dependability/quality tests. Newer Hyundais are supposedly better than how they used to be.

 

[MazKid]

I think I've got everyone beat, $35 a month = $420 a year, or $1.58 a day. Considering I'm 18, I think they screwed up. Shhhh, don't tell them!

 

[Ev0]

@ Toyo: I'd have to agree with a6m5, something like a used Tercel would probably be your best bet. And yes, new Hyundais are getting much better, although their sedans still have a fair way to go before they can be hailed as equals to their Japanese, European, and American counterparts.

I think I've got everyone beat, $35 a month = $420 a year, or $1.58 a day. Considering I'm 18, I think they screwed up. Shhhh, don't tell them!

Lucky bastige. I'd be looking to pay around 4-5x that for anything with 4 wheels and an engine (4-5x more is no exaguration when you factor in the difference between US and Canadian dollars).

 

[animateria]

I think I've got everyone beat, $35 a month = $420 a year, or $1.58 a day. Considering I'm 18, I think they screwed up. Shhhh, don't tell them!

Heh... My broker made me 21 when I was 18 so that I can save $300 bucks on car insurance...

 

[boombexus]

Insured through USAA.

I'm paying $153 a month for 2 cars.

The Lexus is a pain in the ass to insure, especially in Colorado. But my rates have been going down and down as infractions have been dropping off my record and Colorado switching to a Tort based insurance system.

Car insurance is such a rip off.

 

[Double_R]

£420 a year. For a group 14 (out of 20 - with 1 being a FIAT Panda and 20 being a Ferrari F40) car. I win.

what car do you drive.

For me I pay £3000 a year fully comp for my 02 audi a4 1.8T.

 

[1X83Z]

I'm curious as to what type of vehicle would require the cheapest insurance?

Minivans, consistently - until its cancellation after 2004, the Oldsmobile Silhouette had the lovely honor of being the cheapest-to-insure vehicle in the US for years on end.

Seriously? I thought Daewoo was stepping it up a bit in the Lanos. It's got a decent four cylinder and supposedly great gas mileage.

The gas mileage of small Korean cars isn't as good as with small Japanese and domestic cars. I strongly disagree that Koreans lag in quality, except in the Kia Rio and Hyundai Accent, which do lag in quality. Otherwise, the Koreans are on-par. Anyone who says differently is wrong. For you, I nominate a 1995 Ford Taurus SHO - under a decade! Actually, I'd look at a 95-98 Corolla wagon. Or, if you wanted cheap insurance, a 1998 Pontiac Trans Sport or Chevrolet Venutre. Minivans they are, but they're roomy, they had standard side airbags, and got surprisingly decent fuel economy.

Car insurance is such a rip off.

So don't get it. I've been driving with illegal license plates for a month and a half now. I got pulled over with them on and didn't get a ticket, and because they aren't registered to my car I can't get photo radar or parking tickets, and I don't have to pay registration taxes or buy insurance. I plan to take them off in April and put my real plates back on, but cops don't know out-of-state plates. You could, in theory, drive your car for free - just get a recent plate off eBay, put a big dealer frame over it to cover up the stickers, and you're done. Just drive carefully!

 

[MazKid]

So don't get it. I've been driving with illegal license plates for a month and a half now. I got pulled over with them on and didn't get a ticket, and because they aren't registered to my car I can't get photo radar or parking tickets, and I don't have to pay registration taxes or buy insurance. I plan to take them off in April and put my real plates back on, but cops don't know out-of-state plates. You could, in theory, drive your car for free - just get a recent plate off eBay, put a big dealer frame over it to cover up the stickers, and you're done. Just drive carefully!

Hey alright! Doug IS the model American!

 

[a6m5]

So don't get it. I've been driving with illegal license plates for a month and a half now. I got pulled over with them on and didn't get a ticket, and because they aren't registered to my car I can't get photo radar or parking tickets, and I don't have to pay registration taxes or buy insurance. I plan to take them off in April and put my real plates back on, but cops don't know out-of-state plates. You could, in theory, drive your car for free - just get a recent plate off eBay, put a big dealer frame over it to cover up the stickers, and you're done. Just drive carefully!

I don't recommend driving without auto insurance. We pay the "rip off" car insurance rate, because of irresponsible people who drives without auto insurance, or pulls a scam on insurance companies. We are picking up their tab.

 

[Gturismo1]

I was recently quoted at over $1,000 Canadian dollars per month to insure a '96 Sebring Convertible (it's value is under $10,000 Canadian dollars).

Incoming Rant...

You think thats bad. How is this for a load of bull.

1989 Dodge Omni - $6000/year

Hmmm...Pay 500/month for a car that's total cost is 250 dollars. And the lowest deductable I could have gotten was around $250. And we are talking basic insurance. My deductable covers the cost of my car. Kinda stupid if you ask me.

So I'll put my money towards another car before I hand it over to the theives that run the auto insurance in Ontario. Nowhere else in this country are people reamed up the arse for insurance other than Ontario. And of course being Ontarians, we sit here and take it, just like all the other bull that gets handed down on us (health care, taxes, etc) and we go to the polling stations on election day and we re-elect the same idiots who promised change. What a wonderful place we live.

I am 19 right now, paying rougly 600-800/year as a secondary driver on my parents cars because I cannot afford 6000/year right now. Hell my annual income in around 7000-8000. And I called the insurance companies and asked when I could expect my rates to go down. They said when I turn 25. Wow...Twenty five. As if the cost of education isn't burdening us younger people enough, they have to dump insane insurance costs on us until we turn 25. Its ridiculous. But nobody does anything about it.

Insurance Bureau of Canada today announced that
Ontario auto insurance consumers will save an estimated $900 million this
year.

"Consumers can expect lower auto premiums in 2005. This is a direct
result of a financially stronger, more competitive insurance industry and
essential reforms undertaken by the Ontario government," said Mark Yakabuski,
Vice President, Federal Affairs & Ontario, Insurance Bureau of Canada.
"Drivers should shop around and consult with their insurance representatives
to make sure they are taking advantage of declining rates. These savings are
unprecedented." he said.

Is that why my parents insurance rates just went up 500 dollars? Really. I don't think there are any checks or balances in the system keeping insurance companies from reaming their customers. I mean what is your alternative, drive without insurance. Well thats illegal. So we have to sit here and take these unwarranted rate increases. The insurance companies won't say why they increase their rates. I remember hearing some have even failed to publicly publish profit earnings. Gee, I wonder why.

End Rant

 

[a6m5]

Is that why my parents insurance rates just went up 500 dollars? Really. I don't think there are any checks or balances in the system keeping insurance companies from reaming their customers. I mean what is your alternative, drive without insurance. Well thats illegal. So we have to sit here and take these unwarranted rate increases. The insurance companies won't say why they increase their rates. I remember hearing some have even failed to publicly publish profit earnings. Gee, I wonder why.

Shop around. That's all you can do IMO. Thanks to the internet, you can get an quote from as many company as you like. Every time when the coverage renewal comes up, I'm thinking about shopping for rate quotes. When I got my quotes in January, my quotes ranged from high $400's to $1,500 for 6months. I ended up going with Geico for little over $500.

 

[Gturismo1]

Shop around. That's all you can do IMO. Thanks to the internet, you can get an quote from as many company as you like. Every time when the coverage renewal comes up, I'm thinking about shopping for rate quotes. When I got my quotes in January, my quotes ranged from high $400's to $1,500 for 6months. I ended up going with Geico for little over $500.

I just did a little shopping around. It turns out that for me to insure my '99 Neon, appraised at 3500, they want $5414/year. Okay a little cheaper than the omni, kinda weird that a newer car is less to insure.

That is the cheapest I can get according to the website that gives quotes from the top 30 insurance companies in Ontario. Ironically, changing one parameter in the form, would give me an insurance rate of roughly 3500/year. Wanna guess which one it was? Yep, if I were a female driver, same age, same record, same car, I would be paying roughly 2000 less a year in insurance. How is that for discrimination based on gender. Equal treatment for all, my ass.

 

[RVDNuT374]

I just did a little shopping around. It turns out that for me to insure my '99 Neon, appraised at 3500, they want $5414/year. Okay a little cheaper than the omni, kinda weird that a newer car is less to insure.

And I thought New Jersey had insanely high insurance rates. But Toronto takes the prize, with New York in 2nd and NJ in third for highest car insurance.

 

[1X83Z]

I don't recommend driving without auto insurance. We pay the "rip off" car insurance rate, because of irresponsible people who drives without auto insurance, or pulls a scam on insurance companies. We are picking up their tab.

So then start scamming them yourself!

By the way, my rates are higher than everyone on this page's combined; I'm merely saying how you could do it.