Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
That's ridiculous. State Farm charges $2/month extra to have premiums billed and paid automatically on a monthly basis rather than paying semi-annually.
As of mid April 2027 ... Two cars $666 every 6 months.
$29 discount if monthly automatic draft.
$89 discount if paid in full ... x2 = $178 / yr.
Progressive Ins.
If you have any assets you don't want low liability coverage ... even $100,000 / $300,000 is low these days. Paying bi-annually or annually (if allowed) saves a significant % ... as in several hundred dollars versus paying monthly.
And yes, the OP's rate seems high ... but of course it depends on exactly where the vehicle is located.
Quote:
Originally Posted by MadManofBethesda
That's ridiculous. State Farm charges $2/month extra to have premiums billed and paid automatically on a monthly basis rather than paying semi-annually.
Quote:
Originally Posted by Regajohn
As of mid April 2027 ... Two cars $666 every 6 months. $29 discount if monthly automatic draft.
$89 discount if paid in full ... x2 = $178 / yr. Progressive Ins.
1. I'm not sure how your experience with Progressive is relevant to mine with State Farm.
2. You made a general, generic statement that paying monthly costs several hundreds of dollars more which I have already shown is patently false.
3. In your example with Progressive, the difference is $120/year ($89-$29 x 2). Tell us again how that equates to a difference of several hundreds of dollars a year. Or do you define several differently from the rest of us?
4. Even using your flawed math of $178 (because you failed to account for the $29 x2 for automatic monthly payment), you still failed to meet your own target of saving several hundreds of dollar.
5. Oh, and I was wrong about the State Farm surcharge. It is only $1/month, not $2, so the total cost is $12/year. Progressive is ripping people off by charging $10/month for this service; I'd be curious to see how else they're ripping off their customers.
So you are paying $132 a year for liability only? Make sure you are doing apples/apples comparison. Insurance rate is very difficult to compare between policies.
OP: Go onto your Geico account and change that Tahoe to a Honda CRV.. see what it cost.
Yes liability. Full coverage on my other car and my house. With allstate.
I hate to bring this up as I don't want to turn this into a political discussion, however you will find that "Blue States" generally have higher insurance costs, particularly in the Northeast .... you mentioned you live in PA, someone in TX compared his rates for his Porsche, you can't compare TX rates to PA rates.... TX has some of the lowest rates in the country
a terrible Florida driver with tickets/accidents will pay less than a perfect driver in Los Angeles CA
the biggest factors are:
YOU:
1- driving record
2- credit history
3- age and sex
YOUR LOCATION:
1- zip code
VEHICLE
1- vehicle weight and type
2- safety features
all that being said you should shop around and you will probably save money
Last edited by azsportpilot; 06-21-2017 at 02:04 PM..
A little know item is that all insurance companies have liability scores for vehicles. This isn't how that vehicle protects you and reduces damages to itself, it's what your vehicle causes when it comes into contact with other vehicles and people. Because your Tahoe has the physical potential to cause much more damages, injury or death compered to a Chevy Spark, they will rate you vehicle resulting in higher premiums and the Spark will have lower premium all based on liability scoring. It's not easy to find this information out as it's not required to be discloses since it's built into the base premium.
That's not actually true - one of the most significant components of "liability" insurance is the safety of the passengers you're carrying (your liability coverage pays for their injuries). - so having a vehicle with airbags and physical *mass* helps. In your example of the "spark", the passengers would be likely suffer injuries because the car is a glorified beer-can and has no physical mass.
Back in the day, I actually visited my agent & looked through the books that rated vehicles for safety- my conclusion (and my agent's advice) were to look at vehicles that had real bumpers - not painted "fascias" , as they do a better job of protecting the passengers. My concern at the time was "damage my big car could cause" - and my agent's response was the damage you're going to cause is mostly cheap stuff (cars) - injured people cost more to fix than cars do. Not many cars cost even $30k, $30k is one day in a hospital for a person.
This.
$750 for just liability is extremely high for me. To put it in perspective, I pay $1k per year for full coverage at 300k/500k coverage limits for a Porsche 911 turbo. That's with a $500 deductible too IIRC. This is in TX, I'm the same age as you.
You are way under insured. You should be carrying $1million with a blanket policy. That expensive car is a real lawsuit magnet.
PA is a no fault state and that was supposed to cut down on suits and costs. Didn't really work out, I guess.
As OP is in PA, it's depends on his proximity to NYC. Close enough he is considered as part of the NYC Metro Area. The closer he is, the higher his insurance is.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
