The Auto Insurance Thread

[silversleeper]

Just trying to get a feel for what others are paying for auto insurance on their bimmers and what not. I got curious when I my girlfriend got a letter from her insurance comp saying her rates were going up 27.5% per month! She went in search of a new company and found that Erie was really affordable, if you could get in.

I'm currently with Progressive and have 5 vehicles under my two policies. The first policy the bike policy, which I will probably keep since Progressive is pretty good with that one. They are relatively cheap and cover aftermarket parts as well. I have piece of mind riding my R6 knowing its fully covered.

The second policy is the car/truck policy. This one covers my 97 & 95 Jeep Cherokees, along with the two 89 3ers. Here is my current policy with them:
- All vehicles have liability with the exception of my favored 89 325i, which has comprehensive ($500 comp/$500 collision).
- 20/40/15 across the board
- $2500 PIP
- Multi-car/Homeowner/Loyalty discounts applied

Total 6-month Progressive premium comes to $1382.00, so $2764/year.

I was curious and got a quote from Erie Insurance for the same exact insurance options, my yearly premium comes out to a nice $1670/year. That's over $1000 in savings. I'm thinking about switching over and bumping up the policies. I never really knew about the differences in coverages so I plan to adjust them a bit, and will still come out on top. Even adding comprehensive to all the cars came out cheaper.

I'd be curious to see what others select when it comes to the type of coverage (20/40/15, 50/100/50, 100/300/100, etc).

Now I will say this about Progressive. I do enjoy them as my insurance provider. Their rates are decent, but their online system is superb! It is really simple to make changes to your policy, and customer service is great from my experience. I have yet to have an accident with them so I don't have anything to say on how well they handle a claim, but I would expect excellent service. Their biggest selling point to me is their online system, and how well everything is organized. I will be keeping my bike there mainly because I don't think Erie offers bike insurance, but the cars will be leaving Progressive and moving on to Erie.

What about you guys?

Per JGood/thereisnoyun's requests, I present... some "STRUCTURE"!
JGood, forgive me, for I am not familiar with your "stacked" and "limited tort" references. That maybe unique to your state.

Post your:
- Single car v. Multi-car (include usage (ex. DD or Casual))
- Age and whether you're insured under yourself or someone else?
- Full coverage vs. Liability?
- Coverage specs (ex. 20/40/15)?
- PIP?
- Modification coverage?
- Discounts?
- Points/Tickets on Driving Record?
- Accidents on Driving Record?
- Yearly payment?
- Deductible?
- Name of Insurance Company?

I'll start (again)
- (2) 1989 E30 (casual), a 1995 XJ Cherokee (DD), and a 1997 XJ Cherokee (DD)
- 26 years old insured on my own
- Full coverage on one e30, everything else has liability
- 20/40/15
- $2500
- No modification coverage (haven't itemized anything yet)
- Multi-car/Homeowner
- 0 Points/Tickets
- 0 Accidents
- $2764/year
- $500 deductible
- Progressive Insurance

[Pinepig]

I pay 120 a year for my 2002, no coverage on the car ( shells are easy enough to find ).

[Good & Tight]

I pay $167 a year for both my E30 through Hagerty, no deductible. My Euro M10 E30 got hit a few months back and they wrote me a check for $4123.72 to fix, respray, twin cam turbo project almost complete...!!!!!! woooHooo!!

[BenM]

I have progressive to and really like there online layout as well. Originally I just had my 1991 318i 4dr. on my policy with just 20/40/15 Liabilty and was paying $187 and some change per month.

I recently added a 1984 Chevy C10 with just liability and my rates only went up to $265/month. Not only that, when November hits and I take the liability off the truck (just fire/theft), my rates decrease to less than my original policy due to progressive's multi-car discount. I think its something like $175/month.

[Nick325is]

I just switched over to State Farm today from progressive.

Now paying 145.76 a year for liability on the 4runner, 287.08 a year for full coverage on the e30 with medical, and 962.47 a year on my 08 cbr600rr for full coverage and medical.

Not too bad for 100/300/100 across the board.

[joshh]

Liability only...
91 Civic
83 Rabbit

Full insurance...
2006 Honda Accord
2000 Acura Integra

We pay $320.00 or so a month. Insurance is a fucking scam. I don't mind paying it but I'd hate to see what we'de pay if we had an accident or lots of tickets.

[BimmerTom]

2005 VW Passat - Broadform Collision
2005 GMC Yukon - Broadform Collisioin
89 BMW 325is - Liability

About $170 for myself and my wife.

Helps having a house on the account as well.

Tom

[Trucidatio]

85 318i

almost at comprehensive, paying about 70$ a month through progressive


22 with 0 tickets, and a CDL.

[devonjordan]

88/yr
1987 Honda Ch150
Full coverage

[JGood]

I hate when people try to compare insurance rates without including the actual important details.

Full/limited tort, stacked/unstacked, underinsured/uninsured, medical, property damage, etc... this all plays just as much of a part as your comprehensive and collision, as well as the deductible amounts on those.

Most people are getting ripped off and don't know it.



I'm paying $56 a month for the 3 vehicles on my policy, $19 each. That's $675 year for 2 e30's and a 97 Ford Explorer. I'm 24 with nothing on my 3 year record. My rates will drop more when I turn 25.

100/300/100
stacked
limited tort
no comprehensive or collision
5k medical
homeowner discount, multi-vehicle discount
1 e30 is set as DD, the Explorer and other e30 are casual use.
Insurer is Progressive.

[deutschman]

i pay 90.75 every frickin month on my 2002. i have AAA. im 22 in novemeber, and have an almost 100% clean driving record.
do you guys think i could do better?

[JGood]

i pay 90.75 every frickin month on my 2002. i have AAA. im 22 in novemeber, and have an almost 100% clean driving record.
do you guys think i could do better?

I hate when people try to compare insurance rates without including the actual important details.

Full/limited tort, stacked/unstacked, underinsured/uninsured, medical, property damage, etc... this all plays just as much of a part as your comprehensive and collision, as well as the deductible amounts on those.

[e30trooper]

dam you guys pay alot, im 23 have around 6 tickets total since i started to drive, i have a 84 318i clean title, just liability is 51.00 a month :D if i pay every 6 months gets even cheaper. and this is Los Angeles

[DEV0 E30]

i pay 90.75 every frickin month on my 2002. i have AAA. im 22 in novemeber, and have an almost 100% clean driving record.
do you guys think i could do better?

Um, more than likely yes. However it may be good coverage like JGood said, what are the details.

AAA does not favor young drivers as a AAA agent once told me when I started paying my own insurance, no tickets at the time and he said, "Are you sitting down?" When he read me my 6 month quote. I was amazed. An E30 and an M Car. It was insane high.

Go do some online quotes.

I don't have my stuff handy, I'll be getting some more quotes next week as I'm pretty sure once Geico finds out about my 1 ticket on record I just got they will charge me more. I'll probably go through my home owners insurance company since a friend (and Progressive agent) told me they can rarely beat their prices.

[thereisnoyun]

the most convoluted thread ever. No baseline, no standardization. Just useless information.

Lets try this again

post your

- DD v. Weekend (historic tag?)
- only car v. second, third, or fourth
- age and are you insured under your parents or yourself?
- full coverage v. liability
- mod coverage? N/A for some
- yearly payment
- deductible.

okay I pay 800 a month, but it is the second car. its a DD and fully covered, with no deductible. no mod coverage. I'm 27. Statefarm Insurance. 0 tickets, 0 points, perfect record, good student discount.

I mean you can insured your car as a parts car for 50 dollar a year if you want ot post that, but wtf is the point of this thread if everyone just post random number. If your deductible is 500 bucks, of-course you will pay next to nothing yearly.