What Insurance?
I have Geico. I've been with Geico since I was 18 when i first got my IS. I started off paying 415 a month.. every 6 month renewal the price went down. Clean record. Got it down to 170 a month when i got rid of the IS Oct. of 2010. Raised my insurance back up to 215 a month with the SC. It is now currently 175 and I'm 23 now.
Rookie
Joined: Sep 2010
Posts: 81
Likes: 0
From: FL
I guess age has value in the insurance industry. I am mid 50's and I am with Allstate. I am paying $900.00 per year for full coverage. That includes 100-300K liability, 100K personal medical, Uninsured motorists 100K-300K, 50K property damage, $100 towing expense, $50.00 per day for a rental car for 30 days. My deductible is $250.00 for collision and $0.00 for comp....
Rookie
Joined: Sep 2010
Posts: 81
Likes: 0
From: FL
I have Geico. I've been with Geico since I was 18 when i first got my IS. I started off paying 415 a month.. every 6 month renewal the price went down. Clean record. Got it down to 170 a month when i got rid of the IS Oct. of 2010. Raised my insurance back up to 215 a month with the SC. It is now currently 175 and I'm 23 now.
LET'S DO THE MATH....
$415x12=$4,980.00 per year....
If you would have waited 5 years before you started driving. Saved that money that you gave to the LIZARD, you could have received an auto for free....
Insurance companies are wonderful.... You pay their outrageous premiums for years, you have one accident and they try to mitigate their loss by not paying you what the car is worth. Then they cancel you.....
Pole Position
Joined: Jan 2007
Posts: 2,799
Likes: 45
From: NC
Albino,
Don't forget, they'll also raise your rate to make up for their loss when they have to pay out.
Insurance companies don't pay for the repair cost of your car when you get into an accident...they just finance the repair for you.
Don't forget, they'll also raise your rate to make up for their loss when they have to pay out.
Insurance companies don't pay for the repair cost of your car when you get into an accident...they just finance the repair for you.
Rookie
Joined: Sep 2010
Posts: 81
Likes: 0
From: FL
I had two kids run a red light coming off the interstate in Orlando. They t-boned me in my RX350 and rolled me down the street for about one hundred yards. The RX was totaled. I am glad I was in a Lexus. If not I would have been killed. No one saw the accident and there were no red light cameras at that intersection. I called Allstate and they payed for the RX350. Even after my $250.00 deductible, I made about $500.00 on the deal. That was 3 1/2 years ago and they never raised my rates. I know I was lucky to be alive and even luckier that Allstate was fair...
Pole Position
Joined: Feb 2007
Posts: 2,090
Likes: 10
From: NM
I've been very happy with State Farm. I've been with them since I started driving and have never had an issue. I'm currently paying about $1,000 a year with a $100 deductible.
I had gone over 10 years without an accident, but had two in the past year. One was my fault, I didn't see a patch of black ice and slid into a curb (about $15,000). The other wasn't my fault. A teenaged driver ran into me, admitted it was her fault, then lied about it when the police got there. My insurance had to pay for my car, but just filed a lawsuit against her. For now, they paid about $8,000.
They're also good about covering aftermarket parts without any hassle. They covered my Work wheels when I hit a curb and said anything that's bolted on is automatically covered. Some insurance companies require you to carry additional coverage.
My premium didn't go up much even after they paid about $23,000. I did lose my accident free discount, which was about $150 for not having an accident in over 10 years. But that's pretty reasonable all things considered.
I had gone over 10 years without an accident, but had two in the past year. One was my fault, I didn't see a patch of black ice and slid into a curb (about $15,000). The other wasn't my fault. A teenaged driver ran into me, admitted it was her fault, then lied about it when the police got there. My insurance had to pay for my car, but just filed a lawsuit against her. For now, they paid about $8,000.
They're also good about covering aftermarket parts without any hassle. They covered my Work wheels when I hit a curb and said anything that's bolted on is automatically covered. Some insurance companies require you to carry additional coverage.
My premium didn't go up much even after they paid about $23,000. I did lose my accident free discount, which was about $150 for not having an accident in over 10 years. But that's pretty reasonable all things considered.
Trending Topics
ClubLexus Stories
Celebrating Lexus & Toyota from Around the Globe
8 Tips for Improving Your Hybrid or Plug-in Hybrid's Efficiency!
Michael S. Palmer
10 Best Lexus Models No One Remembers
Joe Kucinski
TRD Off-Road Premium: Best 2026 4Runner, Except This One Thing
Michael S. Palmer
Top 10 Lexus & Toyotas to Drive Before You Die!
Joe Kucinski
Top 10 Lexus/Toyotas With The LEAST 5-Year Depreciation
Joe Kucinski
Lexus LC500 Convertible Auction: A Preview of Rising Values?
Brett Foote
GX 550 vs TX 550: Best 3-Row Luxury Lexus Family Hauler
Michael S. Palmer
9 Best Lexus Models You Can Buy for Half Price (And 1 You Shouldn't!)
Joe Kucinski
2026 Lexus NX Buyer's Guide: Models, Features, Prices & More!
Brett Foote
Pole Position
Joined: Mar 2010
Posts: 318
Likes: 3
From: OR
Hi redliner,
I went with State Farm in 1971 and through everything over the years, I was quite happy with them. Then last year they raised my auto rates a ridiculous percentage. When I inquired I got some feable excuse about driving too many miles per year; it was about the same as I have been driving for many years.
Due to their changes in eligibility, I qualified for USAA and am now with them; and a much lower rate(s). I have both cars & house with them; as I had with State Farm.
40 yrs down the drain with State Farm. If you ask me, it is because I am now 70 and they don't want anything to do with old people.
Jerry Baumchen
I went with State Farm in 1971 and through everything over the years, I was quite happy with them. Then last year they raised my auto rates a ridiculous percentage. When I inquired I got some feable excuse about driving too many miles per year; it was about the same as I have been driving for many years.
Due to their changes in eligibility, I qualified for USAA and am now with them; and a much lower rate(s). I have both cars & house with them; as I had with State Farm.
40 yrs down the drain with State Farm. If you ask me, it is because I am now 70 and they don't want anything to do with old people.
Jerry Baumchen
Lead Lap
Joined: Aug 2009
Posts: 669
Likes: 4
From: az
I am surprised no one mentioned Progressive. My rate is very good..about
$450 /year, and with full glass coverage..a bargain. Had to get a new windshield and I did get a Lexus one, which was important to me.
KATY
$450 /year, and with full glass coverage..a bargain. Had to get a new windshield and I did get a Lexus one, which was important to me.
KATY
