Official Insurance Premium Discussion Thread

[6MT-Z34]

Originally Posted by DEpointfive0

with both

And I have full coverage State Farm, 23, totaled a car last year (flood, $27k payout) and I have a ticket on my record, with another about to post.
I pay $155.xx/month with renter's insurance

I'm new to the insurance world too (23) what is renter's insurance?

[alvitdk]

Originally Posted by enkei2k

Wait 2 more years until you are 25 then check the rates again, they'll go down.

Also, don't get just the base package, definitely consider getting one with sport package. Well worth the extra few grand.

Cant agree with that, it all depends what you're planning of doing with the car. I test drove the sport and felt as a DD, the suspension for NY streets are just too hard, if I would have had plan to track, I would have considered the sports package. But for a great street car and as DD, spending the extra money, especially if you tight on it, is not worth it. But again, to each his own, but the regular setup is more than good for my needs, brakes and suspension is just perfect for non tracking experience..

Oh, and I pay for two cars, my 370Z and my wife's new Mazda CX-5 $112.-/month at Geico, including mechanical breakdown insurance and roadside assistance but than we both are 45Y.

[Shadezz]

For his current home he rents...not to do with the car, but helps to have other things insured for a discount. I have a home, 3 cars and mines runs about 74.88 a month I'm 31.

Looks like your tickets drop off and the special age of 25 will come same time. Things stay on your record up to 3 years.

[6MT-Z34]

Thanks for the info!

[BeemaaZ]

Originally Posted by 6MT-Z34

I'm new to the insurance world too (23) what is renter's insurance?

Renters ins covers your personal belonging from fire or theft and your personal liability in case you burned the place down. If you keep stuffs in a storage unit, it covers that too.

[DEpointfive0]

^^^(to these guys)
Exactly!
The apt needs 50k (have 100k) of damage to their crap, and my crap is insured for 20-30k (went through a piece by piece breakdown)

[dmhenderson]

There are no magical age drops. That's a myth and I'm not sure how/why it keeps perpetuating.

That said, if you have 10+ years without a moving violation that will help your rate quite a bit. It has more to do with how long you've been on the road and how many claims you've had than your age.