Whats your monthly INSURANCE payment?
04-19-2006, 12:50 PM
#14
1st Gear Member
Join Date: Mar 2006
Location:
Posts: 56
RE: Whats your monthly INSURANCE payment?
List your age: 33
Monthly Payment: $231.62 a month.
Discounts that you may have: Um antilock brakes is all my policy shows.
Wether or not your under your parents insurance: God no.
GT or V6? GT
I have a perfect driving record too. I feel like I am being raped..but it's the cheapest I can find at the moment. (Shouldn't have screwed up my credit a few years ago..Yes they do look at your credit record.)
Monthly Payment: $231.62 a month.
Discounts that you may have: Um antilock brakes is all my policy shows.
Wether or not your under your parents insurance: God no.
GT or V6? GT
I have a perfect driving record too. I feel like I am being raped..but it's the cheapest I can find at the moment. (Shouldn't have screwed up my credit a few years ago..Yes they do look at your credit record.)
ORIGINAL: blank260
List your age
Monthly Payment
Discounts that you may have
Wether or not your under your parents insurance
GT or V6?
Mines nearly $250 for a 06' GT, im under my parents and get 15% off. I'm also 17.[:@]
List your age
Monthly Payment
Discounts that you may have
Wether or not your under your parents insurance
GT or V6?
Mines nearly $250 for a 06' GT, im under my parents and get 15% off. I'm also 17.[:@]
04-19-2006, 02:23 PM
#16
Join Date: Mar 2006
Location:
Posts: 34
RE: Whats your monthly INSURANCE payment?
Age: 46
Geico
$150/month for 2006 GT convertible + 1995 Nissan Pathfinder 4WD (Yeah, I know it's rice but it gets the job done)
Discounts: ABS, Active Theft Prevention, airbag
Never on my parent's insurance
Geico
$150/month for 2006 GT convertible + 1995 Nissan Pathfinder 4WD (Yeah, I know it's rice but it gets the job done)
Discounts: ABS, Active Theft Prevention, airbag
Never on my parent's insurance
04-19-2006, 02:37 PM
#17
Gentleman's Relish
Join Date: Feb 2005
Location: AZ
Posts: 13,090
RE: Whats your monthly INSURANCE payment?
Some things to know about when shopping for insurance companies:
1) They don't all discount for the same things. I.e. Dual air bags, antilock brakes, passive restraint systems, etc. What one insurance company considers a big deal, another may consider pretty standard these days and may not dicount for it. Mercury insurance for example no longer considers Air bags a discount, even though my wifes Escape has the side impact as well as frontal. Same goes for Anti-lock. Doesn't mean you'll pay more (Mercury happens to be the cheapest for both our vehicles), it just means they have a different discount structure.
2) There are differences in types of coverage - Full (aka Comprehensive) and liability - that by itself can cause your rate to nearly double (you choose comprehensive over liability)
3) Age: most companies give a big break over 25
4) Amount of coverage (medical bills, liability, deductible etc) Some states have minimum coverages that have to be taken into account. The insurance company will not let you get away with less that what state law requires. I.e. AZ requires a minimum of $5000/15,000 in Medical liability so I can't get $2500/10,000. So of course I'm going to pay more for that than someone who CAN get it in their state.
5) Many companies have multi-car discounts so Joe Blow that has the lowest rate with XYZ company may not get such a break with only 1 car vs 2 or more.
6) Driving records, mercury looks at the last 3 years, others may look back as far as 7. Some rely on your honesty (because driving records let things fall off after 3-7 years). Others look only at your driving record.
7) Last but not least, many companies are starting to look at your credit score... yes really. That means your maxed out credit cards can count against you when it comes to your insurance. Mercury looks at that. So does Geico. State farm is considering it. Allstate, not sure.
8) best advice, do your own shopping. It's nearly impossible to compare your rate against someone elses unless you have ALL the numbers in front of you. Make sure you compare apples to apples, same covereage options through various companies. Don't let a company get away with quoting you with higher deductibles and lower coverage options to make themselves look cheaper.
1) They don't all discount for the same things. I.e. Dual air bags, antilock brakes, passive restraint systems, etc. What one insurance company considers a big deal, another may consider pretty standard these days and may not dicount for it. Mercury insurance for example no longer considers Air bags a discount, even though my wifes Escape has the side impact as well as frontal. Same goes for Anti-lock. Doesn't mean you'll pay more (Mercury happens to be the cheapest for both our vehicles), it just means they have a different discount structure.
2) There are differences in types of coverage - Full (aka Comprehensive) and liability - that by itself can cause your rate to nearly double (you choose comprehensive over liability)
3) Age: most companies give a big break over 25
4) Amount of coverage (medical bills, liability, deductible etc) Some states have minimum coverages that have to be taken into account. The insurance company will not let you get away with less that what state law requires. I.e. AZ requires a minimum of $5000/15,000 in Medical liability so I can't get $2500/10,000. So of course I'm going to pay more for that than someone who CAN get it in their state.
5) Many companies have multi-car discounts so Joe Blow that has the lowest rate with XYZ company may not get such a break with only 1 car vs 2 or more.
6) Driving records, mercury looks at the last 3 years, others may look back as far as 7. Some rely on your honesty (because driving records let things fall off after 3-7 years). Others look only at your driving record.
7) Last but not least, many companies are starting to look at your credit score... yes really. That means your maxed out credit cards can count against you when it comes to your insurance. Mercury looks at that. So does Geico. State farm is considering it. Allstate, not sure.
8) best advice, do your own shopping. It's nearly impossible to compare your rate against someone elses unless you have ALL the numbers in front of you. Make sure you compare apples to apples, same covereage options through various companies. Don't let a company get away with quoting you with higher deductibles and lower coverage options to make themselves look cheaper.
04-19-2006, 02:46 PM
#18
Join Date: Apr 2006
Location: Austin TX
Posts: 7
RE: Whats your monthly INSURANCE payment?
2006 Mustang GT
Age : 31
Monthly Payment : $102
Discounts that you may have : defensive driver (speeding tickets), active alarm
My insurance is Progressive and its for full coverage on two vehicles, the other is a 2003 Explorer Limited. I'm not sure what the payment would be on the Mustang only.
Age : 31
Monthly Payment : $102
Discounts that you may have : defensive driver (speeding tickets), active alarm
My insurance is Progressive and its for full coverage on two vehicles, the other is a 2003 Explorer Limited. I'm not sure what the payment would be on the Mustang only.
04-19-2006, 03:03 PM
#19
2nd Gear Member
Join Date: Apr 2006
Location:
Posts: 393
RE: Whats your monthly INSURANCE payment?
06 GT, 18 years old, $465 every 6 months. The loop whole in full effect here. As long as I dont get a ticket or have a wreck I don't have to worry about betting my name put on the insurance.
04-19-2006, 03:10 PM
#20
Gentleman's Relish
Join Date: Feb 2005
Location: AZ
Posts: 13,090
RE: Whats your monthly INSURANCE payment?
ORIGINAL: rebelyell06
06 GT, 18 years old, $465 every 6 months. The loop whole in full effect here. As long as I dont get a ticket or have a wreck I don't have to worry about betting my name put on the insurance.
06 GT, 18 years old, $465 every 6 months. The loop whole in full effect here. As long as I dont get a ticket or have a wreck I don't have to worry about betting my name put on the insurance.