Insurance- how much are you paying?
08-17-17, 05:54 PM
#31
Pole Position
So true.
But I think CA it is SUPPOSEDLY illegal for the insurance company to charge premiums factoring in someone's credit score? So I guess in the GREAT REPUBLIC OF CALIFORNIA the insurance company just charge EVERYONE higher premiums?
But I think CA it is SUPPOSEDLY illegal for the insurance company to charge premiums factoring in someone's credit score? So I guess in the GREAT REPUBLIC OF CALIFORNIA the insurance company just charge EVERYONE higher premiums?
Last edited by lexusrus; 08-17-17 at 06:05 PM.
08-17-17, 06:12 PM
#32
Pole Position
Don't even get me started on the premiums for my teenage kids.
BTW, it was CHEAPER to "assign" my old MB SLK55 AMG to my kids versus our other Lexus vehicles (our hybrids, CT200h and RX450h would have been a lot higher. Same for the LX570, although a bit cheaper versus the hybrids. I guess it costs a lot to fix the hybrids in case of a crash). Our Ford E450 chasis RV would have cost the least for our teenage kids, but it won't be reasonable since who drives around a 33 feet RV in town anyway?
BTW, it was CHEAPER to "assign" my old MB SLK55 AMG to my kids versus our other Lexus vehicles (our hybrids, CT200h and RX450h would have been a lot higher. Same for the LX570, although a bit cheaper versus the hybrids. I guess it costs a lot to fix the hybrids in case of a crash). Our Ford E450 chasis RV would have cost the least for our teenage kids, but it won't be reasonable since who drives around a 33 feet RV in town anyway?
08-17-17, 07:53 PM
#33
Lexus Test Driver
Pretty sure $190 ain't hurting you. It will just delay buying the Tom's stuff 😉
08-18-17, 08:04 AM
#34
$604 annually with Ameriprise (Costco). Included 2001 F-150 (liability only).
Discounts: MULTI-CAR, PREMIER SAFETY, TENURE, COSTCO, MATURE, GOOD DRIVER
Multi-car
$1000 deductible
300/100 UM/BI
Pleasure use <7k yr.
Credit score 830+
Discounts: MULTI-CAR, PREMIER SAFETY, TENURE, COSTCO, MATURE, GOOD DRIVER
Multi-car
$1000 deductible
300/100 UM/BI
Pleasure use <7k yr.
Credit score 830+
08-18-17, 08:10 AM
#35
Pole Position
Don't even get me started on the premiums for my teenage kids.
BTW, it was CHEAPER to "assign" my old MB SLK55 AMG to my kids versus our other Lexus vehicles (our hybrids, CT200h and RX450h would have been a lot higher. Same for the LX570, although a bit cheaper versus the hybrids. I guess it costs a lot to fix the hybrids in case of a crash). Our Ford E450 chasis RV would have cost the least for our teenage kids, but it won't be reasonable since who drives around a 33 feet RV in town anyway?
BTW, it was CHEAPER to "assign" my old MB SLK55 AMG to my kids versus our other Lexus vehicles (our hybrids, CT200h and RX450h would have been a lot higher. Same for the LX570, although a bit cheaper versus the hybrids. I guess it costs a lot to fix the hybrids in case of a crash). Our Ford E450 chasis RV would have cost the least for our teenage kids, but it won't be reasonable since who drives around a 33 feet RV in town anyway?
I would assume that it would still cost more to fix compared to a hybrid but can't really comment without knowing the year of the SLK.
Just a bit rough since insurance for home + car combined is like 5k a year and I feel like should be able to lower the premium...
lol on the Tom's!
08-18-17, 11:32 AM
#36
Instructor
Thread Starter
One thing that always annoyed me is the cost to run a 2nd vehicle. For example I would gladly sign an affadavit/contract or something stating that under no circumstances would both vehicles be driven simultaneously; yet, somehow, I still have to pay mostly full price for a 2nd vehicle on liability that is just sitting in my driveway or parked in a garage, even though, while it is doing so, it creates little real liability risk whatsoever, unless someone stole it from my driveway and started
running over people with it.
-Mike
08-18-17, 12:28 PM
#37
I haven't figured out how to drive two cars at once either....I know what you mean. Glad to hear your not in that 4K group anymore. That's insane!
08-18-17, 01:35 PM
#38
Without knowing how CA runs its insurance market it is difficult to determine whether this results in an "increased cost for everyone" or just simply a different insurance market based on different factors. Would be fun to know the profit margin of a CA insurance co. vs one in a state with very minimal regulations. I would bet anything the free state has a higher profit margin for the insurance co, but the absolute lowest attainable rate is probably lower, but it would be fun to see how much of a difference would exist. CA is bizarrely communist on many things, not so much on others.
One thing that always annoyed me is the cost to run a 2nd vehicle. For example I would gladly sign an affadavit/contract or something stating that under no circumstances would both vehicles be driven simultaneously; yet, somehow, I still have to pay mostly full price for a 2nd vehicle on liability that is just sitting in my driveway or parked in a garage, even though, while it is doing so, it creates little real liability risk whatsoever, unless someone stole it from my driveway and started
running over people with it.
-Mike
One thing that always annoyed me is the cost to run a 2nd vehicle. For example I would gladly sign an affadavit/contract or something stating that under no circumstances would both vehicles be driven simultaneously; yet, somehow, I still have to pay mostly full price for a 2nd vehicle on liability that is just sitting in my driveway or parked in a garage, even though, while it is doing so, it creates little real liability risk whatsoever, unless someone stole it from my driveway and started
running over people with it.
-Mike
08-18-17, 07:18 PM
#39
Pole Position
Exactly!! A few years ago there were just two drivers (my wife and I) for our multi-vehicles. At any given time MAXIMUMLY really only two vehicles will be on the road. But I still got charged more than I think is fair.
Now with two teenage kids driving (a third teenage kids is not too far behind), our rates had skyrocketed!! I can't wait till September when college first year starts with our oldest kid so I can tell the insurance company to take him off!! (Savings of about $2400 a year with just one kid!!!)
Now with two teenage kids driving (a third teenage kids is not too far behind), our rates had skyrocketed!! I can't wait till September when college first year starts with our oldest kid so I can tell the insurance company to take him off!! (Savings of about $2400 a year with just one kid!!!)
Without knowing how CA runs its insurance market it is difficult to determine whether this results in an "increased cost for everyone" or just simply a different insurance market based on different factors. Would be fun to know the profit margin of a CA insurance co. vs one in a state with very minimal regulations. I would bet anything the free state has a higher profit margin for the insurance co, but the absolute lowest attainable rate is probably lower, but it would be fun to see how much of a difference would exist. CA is bizarrely communist on many things, not so much on others.
One thing that always annoyed me is the cost to run a 2nd vehicle. For example I would gladly sign an affadavit/contract or something stating that under no circumstances would both vehicles be driven simultaneously; yet, somehow, I still have to pay mostly full price for a 2nd vehicle on liability that is just sitting in my driveway or parked in a garage, even though, while it is doing so, it creates little real liability risk whatsoever, unless someone stole it from my driveway and started
running over people with it.
-Mike
One thing that always annoyed me is the cost to run a 2nd vehicle. For example I would gladly sign an affadavit/contract or something stating that under no circumstances would both vehicles be driven simultaneously; yet, somehow, I still have to pay mostly full price for a 2nd vehicle on liability that is just sitting in my driveway or parked in a garage, even though, while it is doing so, it creates little real liability risk whatsoever, unless someone stole it from my driveway and started
running over people with it.
-Mike
08-18-17, 07:22 PM
#40
Pole Position
My SLK55 AMG is 2006 low mileage (56k odo). BTW thinking about selling it since it just sitting in the driveway. I drive the RCF mostly now.
I'm a little surprised that it was cheaper to assign the SLK to kids.
I would assume that it would still cost more to fix compared to a hybrid but can't really comment without knowing the year of the SLK.
Haha thanks Ming.
Just a bit rough since insurance for home + car combined is like 5k a year and I feel like should be able to lower the premium...
lol on the Tom's!
I would assume that it would still cost more to fix compared to a hybrid but can't really comment without knowing the year of the SLK.
Haha thanks Ming.
Just a bit rough since insurance for home + car combined is like 5k a year and I feel like should be able to lower the premium...
lol on the Tom's!
08-20-17, 02:06 PM
#41
I disagree. I have over 800 credit rating and my insurance is still high, comparably speaking. Accident records dominate your premium
im surprised no one included the AMOUNT of liability coverage for medical and property in case you are at fault. A policy can easily double if you have 250/500/250 vs minimal 10/20/10
im surprised no one included the AMOUNT of liability coverage for medical and property in case you are at fault. A policy can easily double if you have 250/500/250 vs minimal 10/20/10
08-20-17, 07:22 PM
#42
Lexus Champion
iTrader: (20)
lol at credit score affecting your insurance the most. getting an accurate quote does require a social security number. having lapsed insurance or many claims/points will effect it.
08-22-17, 08:21 AM
#44
Instructor
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