Auto Insurance

[maxpayne]

I know insurance rates vary from company to company and person to person. As an anecdote, I recently switched my auto insurance from State Farm to Geico. I have been with State Farm since I started driving and have had the best experiences with them. I have always had a person I could speak with face to face and that person was continually friendly, responsive, knowledgeable, and honest. Also, the coverage was top-notch and my claims were always handled professionally and hassle-free.

However, I soon came to realize those tangibles and intangibles come at a premium - and a high one at that. I did some shopping around and decided to go with Geico based solely on my desired balance between cost and coverage.

It took me literally 30 minutes to make the switch. I saved roughly $100 a month and acquired better liability and collision coverage as well compared to my previous policy with State Farm. For my '14 stang and my wife's '13 Hyundai Sonata, we pay only $140 a month TOTAL for both cars, having full coverage with high liability protection, $500 deductibles for Act of God/Collision, $250 deductibles on Un-/under-insured motorists, and a bunch of other random stuff. For me, the savings and coverage I now have with Geico is worth maybe having lower customer service - and that's "to be determined" and highly debatable.

Not trying to sell Geico or other cheaper companies on you all. In all actuality, I prefer State Farm because of my history with them. But, I just wanted to post this thread to encourage everyone to shop around for better coverage and a lower rate if you think you might be paying too much or if you think your coverage could be better.

How much do you pay for auto insurance? Who are you insured with?

[DirtyD]

I'm insured through Geico as well.

BIL $300k/$300k
PDL $100k
PIP $2,500
UMBI $300k/$300k
Uninsured Damage/Deduct $50k/$250
Comprehensive & Collision deduct $500
Roadside service
$30/day rental reimburse.

I pay $98/mo and expect that to go down more come January when my age 25 discount takes affect (hopefully)

[46Tbird]

Sometimes, you really do get what you pay for. Cheap insurance rates are great right up to the point they tell you your car will be fixed with aftermarket crap, or someone sues you for damages outside policy limits. It happens.

I've got Amica, 300/500/300, $250 deductible, $1430/yr. The Haggerty policy for both of my old cars is $210/yr and they have way better coverage, lmao.

[maxpayne]

Sometimes, you really do get what you pay for. Cheap insurance rates are great right up to the point they tell you your car will be fixed with aftermarket crap, or someone sues you for damages outside policy limits. It happens.

Very true. However, purchasers of auto insurance should always take caution and thoroughly think through which level of liability protection is right for them. Usually, the higher the better.

However, as an anecdote from my extremely short time as a plaintiff's lawyer, injuried persons and their attorneys usually don't like to go after damages outside the policy limits. The main reason is that the process of securing a verdict on liability and collecting on that verdict usually costs more money and time than what is actually awarded by the judge or jury. In my experience, attorneys just want to max out liability policies and move on. If that doesn't cover the injuries, they attempt to start stacking different policies on top of one another to arrive at an amount to cover the injuries/bills. One example is enacting the "under-insured" coverage under the injuried's own insurance policy.

But, it is always better to be safe than sorry!

[Mrjeremyt]

Sometimes, you really do get what you pay for. Cheap insurance rates are great right up to the point they tell you your car will be fixed with aftermarket crap, or someone sues you for damages outside policy limits. It happens.


This exactly. I'm with Farm Bureau, but I'm sure that having my mother as my agent it helps a little. haha

[Midnight11]

Usaa here
Pay 190 for my 13 5.0 and 14 fiesta and I'm 23. :)

[2012mustang76123]

04 vert z, 12 mustang gt, 10 fusion 1400 yr. full coverage on all step above recommended. AAA texas pay once a year in full. 24 also.

[BERT]

I'm with Geico as well. Max coverage I pay $85/mo

Allstate was bending me over and trying to make me like it

[Dominic Toretto]

I swapped from State Farm to Geico as well. When I got the Mustang, my rate all of a sudden increased after 3 months. Oh okay, peace Stafe Farm. And to make matters worse, I took my cancellation notice into the office in person and they continued to draft my bank 3 months after cancelling the policy. My bonus checks a work were pretty high so I didn't notice until the 3rd month. Then had to argue with them for weeks to get them to return my money and they had to mail me a check.

Moral of the story is FUCK State Farm.

-Alex

[juiced86stang]

I will warn yall right now, not all insurance companies are the same. You get what you pay for in most cases. And it has only gotten worse over the past 10 years or so. Many of y'all know me and what I do, but for those that don't I run a paint and body shop, so I deal with insurance on a daily basis. I personally have state farm.

[garner]

Geico here, I'm on my mom's. Stang is like $90 a month full coverage with $0 deductibles, mom's car is like $30-40 a month with $0 deductibles also. Helps that she's been with geico for decades

[Dominic Toretto]

I will warn yall right now, not all insurance companies are the same.

Anything specific?

-Alex

[five.slow]

geico here and i pay 125 a month for the 2011 gt mustang and 2013 edge. both full coverage. it actually went up like 15 bucks when we moved to california. great insurance.

[rriddle3]

Certain companies simply do not want to insure certain vehicles. I had been with 21st Century for years and had gotten good rates, but when I got the Mustang things changed. I just switched over to Geico and the same coverage amounts are costing $50 a month less. It pays to check around.

[downtime!]

2102 GT - Farmers (been with them for over 20 years), well above State minimum on all coverages, pay right at $800 per year (also have home owners policy through them).

1972 Scamp - Hagerty's, agreed value policy ($17,000), mileage allowance of 4500 per year, $276 per year.

[donutninja]

I swapped from State Farm to Geico as well. When I got the Mustang, my rate all of a sudden increased after 3 months. Oh okay, peace Stafe Farm. And to make matters worse, I took my cancellation notice into the office in person and they continued to draft my bank 3 months after cancelling the policy. My bonus checks a work were pretty high so I didn't notice until the 3rd month. Then had to argue with them for weeks to get them to return my money and they had to mail me a check.

Moral of the story is FUCK State Farm.

-Alex

Granted this totally depends on who your insurance agent is, I left State Farm for similar reasons. I had since my first car. No accidents, no claims, and about 6 cars insured most. I had a 1991 240sx track/weekend car and a 2001 Maxima daily. I should have caught this, but some how someone at the office thought that when I added uninsured motorist to my policy they split up the coverage between my 2 cars. Yes... Split it up. The Maxima ( worth $6500 kbb) got uninsured medical and the 240sx (worth all of $1000 kbb and maybe $2500 due to mods.)
Well I got rear ended at about 45mph causing $8000 in damage to the Maxima by an uninsured motorist in California who then somehow fell off the face of the Earth and State Farm couldn't do a thing because they messed up my coverage.

I dropped them. Specifically said on the phone that I wanted to drop both cars and had already gone with Geico for insurance. The lady got made at me and told me my rate would just go up in 6months. Btw, they've only gone down. I was then charged for 2 more months of insurance on the 240sx and they have yet to refund me my money after countless emails.

This isn't State Farm's fault and I know this, but the hassle and frustration I was put through because of an incredibly incompetent agency made me throw in the towel and switch companies.

I havnt had a problem with Geico and had a minor fender bender (at fault) and my rate barely changed. I think I pay $90/mo full coverage for my 2013 Mustang.



On a side note, just moving from New Orleans to Dallas dropped my Liability only insurance in my Maxima from $120/mo to $44/mo!!!! O__o