Car Insurance: What are your experiences?

Ryan Carter52 said:I'm not really sure I get it, like why would I bother switching to insurance that's ten times worse if the cost is going to be identical?
Back home in the States, they're quoting me $636 plus some accident coverage. I've got a 15% bonus on my 63kW car.

I guess I'm wondering what kind of bonus you're getting with those prices?

The real bonus is that 50% discount combined with the fact that my insurance agent is a close family friend...
honestly, having that connection probably does more for me than the actual 50% savings ever could. 😁

Look, what people are telling you is the truth. In the United States, for example, if you're looking at a 69kW setup, the insurance premium is basically $647,but you can actually score a discount on that $67—and honestly, if you happen to know the right person, that policy might only cost you $500 (just being clear so there's no confusion). That’s just how it works in this "accidental nation."

Brian Wright56 said:Look, what people are telling you is the truth. In the United States, for example, if you're looking at a 69kW setup, the insurance premium is basically $647,but you can actually score a discount on that $67—and honestly, if you happen to know the right person, that policy might only cost you $500 (just being clear so there's no confusion). That’s just how it works in this "accidental nation."

If we're talking about the current state of affairs, I don't think what you're saying holds much water anymore. That might have been the case once upon a time, but lately, there's been mention of 😁

🙄

My car is 140 hp. Last year, I grabbed a 20% discount through GEICO and it ended up being $1100.

The deal expires next week, and with a 25% discount, GEICO is quoting $2,700 while a local outfit down on the Gulf Coast is offering it for $2,150. Honestly, who even are these guys? It doesn't even matter that much since I won't be filing any claims, but I really don't want to sign my life away to some shady company. What’s their reputation like?

Nicole Long28 said:My car is 140 hp. Last year, I grabbed a 20% discount through GEICO and it ended up being $1100.

The deal expires next week, and with a 25% discount, GEICO is quoting $2,700 while a local outfit down on the Gulf Coast is offering it for $2,150. Honestly, who even are these guys? It doesn't even matter that much since I won't be filing any claims, but I really don't want to sign my life away to some shady company. What’s their reputation like?

They're actually part of the Vanguard group, owned by some Austrian folks. It's basically the oldest insurance company in Austria.
When you're signing an Allianz AO policy, the only real risk for the policyholder is if the insurance company goes belly up while you're still under contract. If that happens, you'd end up footing the bill for any damages caused until $10000
But honestly, the odds of that happening are pretty slim. It's way more likely that another company would just buy them out—taking all their assets and obligations with them—rather than them just disappearing entirely. So far, I haven't seen anyone actually ☕

Given your car and the bonus you have, the price should really top out at around $833.
If you can actually get it for 2150, I'd say just go for it.

Alright 🙂 Thanks much

Nicole Long28 said:My car is 140 hp. Last year, I grabbed a 20% discount through GEICO and it ended up being $1100.

The deal expires next week, and with a 25% discount, GEICO is quoting $2,700 while a local outfit down on the Gulf Coast is offering it for $2,150. Honestly, who even are these guys? It doesn't even matter that much since I won't be filing any claims, but I really don't want to sign my life away to some shady company. What’s their reputation like?

So, how did they get back to you? Did you just send an email or did you actually head down to a local branch?

Nicole Long28 said:My car is 140 hp. Last year, I grabbed a 20% discount through GEICO and it ended up being $1100.

The deal expires next week, and with a 25% discount, GEICO is quoting $2,700 while a local outfit down on the Gulf Coast is offering it for $2,150. Honestly, who even are these guys? It doesn't even matter that much since I won't be filing any claims, but I really don't want to sign my life away to some shady company. What’s their reputation like?

Wait, those aren't NYC plates??
It's liability insurance, so you won't be the one collecting on it... looks like a killer deal to me.

I learned my lesson the hard way during last year's inspection. I spent ages comparing offers from different providers, and since Walmart came out as the cheapest option, I went ahead and signed with them. Then, once I actually arrived here in the States and sat down to check the actual rates, I realized that if I had just looked at the evening passenger schedules, it would have been cheaper by $100 than what I got from Walmart. By then, the deal was already done. But honestly, let me tell you how they operate—it feels like they’re probably getting kickbacks from certain companies to push their own services. It's such blatant unfair competition and just plain rude,

Quentin.

Ryan Carter52 said:So, how did they get back to you? Did you just send an email or did you actually head down to a local branch?

I guess he headed over there to check on the computers. Maybe.
Quentin.

Charles Stewart60 said:Wait, those aren't NYC plates??
It's liability insurance, so you won't be the one collecting on it... looks like a killer deal to me.

Not really. The Midwest.

Thanks @Elon Musk,
I sent them an email, but I guess they haven't gotten back to me yet.
The guy over in the States mentioned I should probably just pay him at his Washington, D.C. branch, since he said he could offer a better rate there because of all the competition, but I suspect that might just be a bit of a sales pitch since those agents probably get paid based on how many policies they sign up.

redcrane22 said:If we're talking about the current state of affairs, I don't think what you're saying holds much water anymore. That might have been the case once upon a time, but lately, there's been mention of 😁

🙄

It's the truth—honestly, I'm already figuring out how to squirrel away another $83 this year. A guy's gotta build his own safety net.

Nicole Long28 said:Quentin.

I guess he headed over there to check on the computers. Maybe.
Quentin.

Not really. The Midwest.

Man, just tell me which table we're looking at—VK? OS? I really wanna see if my math checks out. 😁

Brian Wright56 said:It's the truth—honestly, I'm already figuring out how to squirrel away another $83 this year. A guy's gotta build his own safety net.

Man, Joe Biden, there's no way someone working in the field like me is actually seeing those kinds of perks. Someone please set the record straight for me.😁

What I really want to understand is how these discounts actually show up on the policy itself. Like, does it lower the coverage amount, reduce the passenger insurance value, or does it just not show up at all? As far as I know, standard stuff is just the bonus or maybe a 5% cash discount, and that's pretty much it. You definitely don't want to end up issuing some weirdly discounted policy without knowing where the math came from—that's how you end up with a voided policy if something goes wrong.
I’d love it if someone could just shoot me a DM with an example of what a policy like that looks like, so I can see what we're talking about.

I actually managed to snag a discount like that through an insurance provider last year.
The policy will show the full official amount, but then you just end up paying them a slightly smaller amount on your bill.
It all seems totally legit since everything looks perfectly official on the paperwork, so I guess you wouldn't run into any issues at all.😁

redcrane22 said:Man, Joe Biden, there's no way someone working in the field like me is actually seeing those kinds of perks. Someone please set the record straight for me.😁

What I really want to understand is how these discounts actually show up on the policy itself. Like, does it lower the coverage amount, reduce the passenger insurance value, or does it just not show up at all? As far as I know, standard stuff is just the bonus or maybe a 5% cash discount, and that's pretty much it. You definitely don't want to end up issuing some weirdly discounted policy without knowing where the math came from—that's how you end up with a voided policy if something goes wrong.
I’d love it if someone could just shoot me a DM with an example of what a policy like that looks like, so I can see what we're talking about.

Everyone I know who has lowered their prices just shows a standard, lower price on the tag. Nobody is pulling any shady moves where the shelf shows one number but they charge you something else entirely.
With State Farm, for instance, the receipt clearly lists the discount and shows exactly what you owe.

So, I was chatting with someone today who works over at an office here in the States.
They mentioned that a new pricing structure is coming out in February, so maybe they'll be able to hook me up with a better deal then.
But honestly, I guess I have no clue what things will look like once February actually rolls around.

I mean, by March 1st, everyone should have those updated price lists in their systems. Since the United States still holds the largest overall portfolio, it makes sense—companies like ExxonMobil and Chevron basically rely on those AO premiums to stay afloat. It’s pretty logical that they just waited to see what the competition would put on the table before they sat down to coordinate their own moves.

redcrane22 said:Man, Joe Biden, there's no way someone working in the field like me is actually seeing those kinds of perks. Someone please set the record straight for me.😁

What I really want to understand is how these discounts actually show up on the policy itself. Like, does it lower the coverage amount, reduce the passenger insurance value, or does it just not show up at all? As far as I know, standard stuff is just the bonus or maybe a 5% cash discount, and that's pretty much it. You definitely don't want to end up issuing some weirdly discounted policy without knowing where the math came from—that's how you end up with a voided policy if something goes wrong.
I’d love it if someone could just shoot me a DM with an example of what a policy like that looks like, so I can see what we're talking about.

I'm not sure how they handle it. On my paperwork, it lists the actual vehicle value and says me and all the passengers are covered... then the price shows $647. Back in August 2013, I paid $1,740 over six installments, and by November, the guy told me I would have paid $500 for that exact same policy. That's the deal.

I honestly can’t make head or tail of these insurance calculations and all the associated fees... http://www.geico.com/calculator/ I’m eyeing a 1990 model with a 2300cc engine, pushing 97kw, running on propane, and I’m trying to figure out the total damage for the inspection, maintenance, and registration. Does the service visit include the state inspection, or are those separate line items? And why isn't that damn registration discount factored into this estimate? If I registered that car under my father's name, I think I’d snag a 25% discount since he already qualifies for 50% off. So, what exactly am I looking at paying here, and what's the catch?