Poll of the Day > Cost of Vehicle In-SUR-ance

(+) Yeah! (+)

Whats the cost of insurance for your vehicle in your province/state?

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$212/mo for my SUV.

Up from $198 for my sedan.

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1300 annual.
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Kyuubi4269 posted...

1300 annual.

Oof.

Expensive car or high-accident area?

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zebatov posted...

Oof.

Expensive car or high-accident area?

Cheap RWD car in scrape-happy London. It's barely any higher than the average in London and yet my mom complains about paying 300.
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Kyuubi4269 posted...

Cheap RWD car in scrape-happy London. It's barely any higher than the average in London and yet my mom complains about paying 300.

The C roads are pretty tight in rural areas. It doesnt help that farmers hide stone walls underneath bushes on either side.

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89 EUR a year.

ADDENDUM: but it gets pricier every year, because insurance agencies in my country operate on a principle of solidarity: everyone has to cover the ever-increasing expenses of car damages (not jus the person who was responsible for traffic accident).

GNS1991 posted...

89 EUR a year.

ADDENDUM: but it gets pricier every year, because insurance agencies in my country operate on a principle of solidarity: everyone has to cover the ever-increasing expenses of car damages (not jus the person who was responsible for traffic accident).

Thats how it works here, unfortunately. So all these people with their expensive cars drive up the cost for everyone else. There should be a price point like $50,000 MSRP where those people pay a premium on that price up to another bracket.

Also even with exchange thats cheaper than both my trucks were (about half) per month.

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GNS1991 posted...

89 EUR a year.

What are you insuring, a bicycle?
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Kyuubi4269 posted...

What are you insuring, a bicycle?

Hatch-back, actually, circa 2007 make. The newer the car, the powerful the engine, the insurance cost is more, naturally, but there are a buttload of insurance agencies competing with each other. Plus, insurance price drops with experience (i.e., how many years you are driving) and how accident prone you are (the less accidents you've been throughout the years, the less you have to pay). So, for example, my father only pays 50 EUR per year (experience is over 40+ years of driving). The max. price for my car's insurance was maybe 150 EUR.

I don't know whether there is such a thing as bycyle insurance in my country... But I'd not be surprised, if it does not even cost 20 eur.

GNS1991 posted...

Hatch-back, actually, circa 2007 make. The newer the car, the powerful the engine, the insurance cost is more, naturally, but there are a buttload of insurance agencies competing with each other. Plus, insurance price drops with experience (i.e., how many years you are driving) and how accident prone you are (the less accidents you've been throughout the years, the less you have to pay). So, for example, my father only pays 50 EUR per year (experience is over 40+ years of driving). The max. price for my car's insurance was maybe 150 EUR.

I don't know whether there is such a thing as bycyle insurance in my country... But I'd not be surprised, if it does not even cost 20 eur.

In my province the government borrows from the insurance corporation, and never pays back, so insurance is almost always raising prices. They just redid the system in September and its killing new drivers.

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Down to one car now (my wife pays for her own car) so I think about $650-680 USD a year? I know it's under $700.

Own the vehicle outright (no lien) which helps keep the cost down. I know my wife's insurance is higher even though she has a better driving record than I do, in part because she's still paying on the loan.

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Far-Queue posted...

Down to one car now (my wife pays for her own car) so I think about $650-680 USD a year? I know it's under $700.

Own the vehicle outright (no lien) which helps keep the cost down. I know my wife's insurance is higher even though she has a better driving record than I do, in part because she's still paying on the loan.

Thats about what I was paying for my second Silverado every month.

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Every month?! Holy crow you must make decent scratch to be paying that

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Far-Queue posted...

Every month?! Holy crow you must make decent scratch to be paying that

Was ~$6,000 every 24 days before we had to be off for four days, but I worked ten or twelve hour days. Sometimes eighteen, depending on the company.

It was way too expensive, but thats Alberta insurance for you. Ill call the the insurance company here when they open and get a quote for the same truck but current year and see what they say. New rules might affect the figures differently than before. Unsure how the new system works.

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~$60 a month for auto and rental.

0$

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was around $45-60/month for my old car. doubled to around $120/month for my new car.

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$155/month for three cars and household insurance.

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I pay around $100/mo for both my cars.

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zebatov posted...

In-SUR-ance

That is not a word I am familiar with...


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dancer62 posted...

$155/month for three cars and household insurance.

Your house is a vehicle? What is it, an RV?

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Far-Queue posted...

Your house is a vehicle? What is it, an RV?

Some insurance companies offer for a lower price car + home insurance...

Far-Queue posted...

Your house is a vehicle? What is it, an RV?

Nope. Bundled insurance, cars and house. Cheaper that way. If I buy a boat this summer, I'll bundle that, too.

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Nichtcrawler X posted...

That is not a word I am familiar with...

Yeah, I wanted it to be pronounced in a certain way.

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The full package costs me about $1200 a year.

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Kyuubi4269 posted...

1300 annual.

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GNS1991 posted...

Hatch-back, actually, circa 2007 make. The newer the car, the powerful the engine, the insurance cost is more, naturally, but there are a buttload of insurance agencies competing with each other. Plus, insurance price drops with experience (i.e., how many years you are driving) and how accident prone you are (the less accidents you've been throughout the years, the less you have to pay). So, for example, my father only pays 50 EUR per year (experience is over 40+ years of driving). The max. price for my car's insurance was maybe 150 EUR.

In the UK the lowest insurance recorded was for a retired woman in a Honda Accord in the middle of nowhere at 100 or so.
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Kyuubi4269 posted...

In the UK the lowest insurance recorded was for a retired woman in a Honda Accord in the middle of nowhere at 100 or so.

Heh, nice. I mean, if I make a traffic accident, probably my min. insurance cost per year would start from 150 EUR. But since, I have yet to be in any accident since 2011 (the moment I got my driver's license) (and no traffic violations; at least officially recorded), this year the chepest insurance I found was for 89 EUR (the most costliest base price insurance was 130 or 150 EUR). But I'm talking about just the base insurance (traffic related accidents). If you want more (like insurance against animal related incidents, theft etc.), then naturally it will be a whole lot more.

Plus, in a near future, I'll be looking for a new car (from delaership; not used), so I guess I can kiss cheap insurance also good bye :D Still, costly insurance is relative, I mean judging from what you all are paying...

GNS1991 posted...

Heh, nice. I mean, if I make a traffic accident, probably my min. insurance cost per year would start from 150 EUR. But since, I have yet to be in any accident since 2011 (the moment I got my driver's license) (and no traffic violations; at least officially recorded), this year the chepest insurance I found was for 89 EUR (the most costliest base price insurance was 130 or 150 EUR). But I'm talking about just the base insurance (traffic related accidents). If you want more (like insurance against animal related incidents, theft etc.), then naturally it will be a whole lot more.

Plus, in a near future, I'll be looking for a new car (from delaership; not used), so I guess I can kiss cheap insurance also good bye :D Still, costly insurance is relative, I mean judging from what you all are paying...

@GNS1991
So here, theres liability which should cover you from being sued if you hurt or kill someone, anywhere from $200,000 up to $2,000,000. This has the biggest impact on annual cost and is mandatory. The next two, collision and comprehensive, cover you for damage to your vehicle. Collision covers repairs to damage either you cause or someone else causes. If someone else is at fault and you dont have collision, then itll be a huge investigation and itll have to be proven that they caused damages to your vehicle. If they dont have collision then I believe theyd be paying from their liability. Comprehensive covers all uncontrollable damage like hail, fire, flood, and all acts of God. These two optional additions to insurance dont affect the annual cost near as much. I tried raising the deductibles (a fee you pay when you want to fix the damage on top of what you paid for insurance) from $300 to $500, and it lessened the annual cost by less than $40, so I just left them at $300 each.

Not sure if you stated whether youre city or rural, but that annual cost for your insurance is incredibly low. A similar car here would probably still cost $1,000 to insure. Id like to know why. I mean, I have an idea (I believe we get hosed on insurance in Canada) but Id really like to believe it isnt that bad.

What country are you from?

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zebatov posted...

@GNS1991
So here, theres liability which should cover you from being sued if you hurt or kill someone, anywhere from $200,000 up to $2,000,000. This has the biggest impact on annual cost and is mandatory. The next two, collision and comprehensive, cover you for damage to your vehicle. Collision covers repairs to damage either you cause or someone else causes. If someone else is at fault and you dont have collision, then itll be a huge investigation and itll have to be proven that they caused damages to your vehicle. If they dont have collision then I believe theyd be paying from their liability. Comprehensive covers all uncontrollable damage like hail, fire, flood, and all acts of God. These two optional additions to insurance dont affect the annual cost near as much. I tried raising the deductibles (a fee you pay when you want to fix the damage on top of what you paid for insurance) from $300 to $500, and it lessened the annual cost by less than $40, so I just left them at $300 each.

Not sure if you stated whether youre city or rural, but that annual cost for your insurance is incredibly low. A similar car here would probably still cost $1,000 to insure. Id like to know why. I mean, I have an idea (I believe we get hosed on insurance in Canada) but Id really like to believe it isnt that bad.

What country are you from?

Lithuania. And I'm well aware that we have cheap car insurance compared to other countries. Although, I know that logistics companies pay tens of thousands for their vehicle insurance, so there's that.