This is what I pay for insurance...

I have a 2002 Honda Civic Ex with side airbags. I am in my late thirties,
have a discount for group insurance through the college that I am an alumni
with, and I am a home owner. I pay $70.00 per month for full coverage with
liability, collision, fire, theft, rental car coverage, and $250.00
deductible. I live in the New England area in the USA. Does this sound Good,
Average, or Bad? I am trying to get some ideas to see if this is a normal
rate. I have gotten only one speeding ticket in my life and never been at
fault for an accident or other violation.

Thanks,

 

You need to raise the deductible to $1000.



How to turn off 'Maintenance Required" light:

1. Hold trip/reset button on dash
2. Turn key to "ON" or start engine
3. Hold button til light goes out

 

Oh sure, then if I get into an accident, or something I can incur a huge
dept...that makes alot of sense!
I am happy with the $250.00 deductible. I was just trying to get input from
others with insurance.

 

i think a 500 deductible is about right.

 

No, $1000.





How to turn off 'Maintenance Required" light:

1. Hold trip/reset button on dash
2. Turn key to "ON" or start engine
3. Hold button til light goes out

 

Oh sure, then if I get into an accident, or something I can incur a huge

Then don't get in to an accident, doofus! If you're not at-fault, then the
deductible won't matter because the other party has to pay for it.





How to turn off 'Maintenance Required" light:

1. Hold trip/reset button on dash
2. Turn key to "ON" or start engine
3. Hold button til light goes out

 

: I have a 2002 Honda Civic Ex with side airbags. I am in my late thirties,
: have a discount for group insurance through the college that I am an
alumni
: with, and I am a home owner. I pay $70.00 per month for full coverage with
: liability, collision, fire, theft, rental car coverage, and $250.00
: deductible. I live in the New England area in the USA. Does this sound
Good,
: Average, or Bad? I am trying to get some ideas to see if this is a normal
: rate. I have gotten only one speeding ticket in my life and never been at
: fault for an accident or other violation.
:
: Thanks,
:

$840 a year... Trade you, mines only $2,800/yr.

Three cars 91 Explorer, 95 Civic DX, 98 Tacoma P/U - Two middle-age drivers
(SWMBO and I) excellent driving records and a 19YO daughter with less than a
years exp.

You pay a premium for a low deductible, but I understand that in case of an
accident, you don't want to be forking out a wad of cash. But you are better
off saving the amount for the deductible, than paying the Ins Co. for a
lower deductible.

Pays to shop around annually...

Rick
"Good martinis are like breasts on a woman. One ain't enough and three's too
many."

 

What you pay in insurance premiums is very dependent on where you live, how
you use your car and the liability limits and deductibles you choose, in
addition to your own driving record. Don't just look at cost alone....make
sure your liability limits are adequate to cover you in case of a serious
accident...as you say you are a homeowner, you have lots to lose if you
have too low of limits. Choose a higher deductible to offset higher
liability limit premiums...you should carry at least 100/300/100 as a
minimum. Some of the highest insurance rates in the country exist in some of
the NE states, such as Mass and Conn. Honda Civics are also not the
cheapest cars to insure either for a variety of reasons, which include
actual claims experience of the car (young drivers are common in the
coupes), cost of repair and the body style (4 door civics are much cheaper
than 2 dr EX's). In comparison for Calif ins rates, it is a pretty decent
premium even for the lowest limits and highest deductibles.

 

I am pretty sure that I have 100/300 or there about. I know that the lease
requires a higher amount of coverage anyway. I only drive 9 miles to work
and 9 miles back, so I really don't have a long commute.

I know that I originally was paying about $960.00 per year when I had a 500
dollar deductible, so for $10.00 more a month I figured it was worth it.
That's less than the price of a candy bar every day. I checked with Met Life
and their prices we outrages compared to what I have. They were like double.

 

That's not bad, given it includes rental car and a low deductible.

I don't have rental car coverage and my deductible is $500, and similar
coverage on a similar car is about $800/year.

 

That's a false economy. You're *always* ahead taking the larger
deductible. The more risk you take on yourself, the better the
insurance company feels about you overall. You really should check out
the difference between a $250 deductible and a $1000 deductible.

I think you'll be amazed.

In fact, you should buy the $1000 deductible policy and pay yourself the
extra it would cost to buy that deductible down to $250. You'll have
$1000 in the bank in no time flat; that covers your deductible. After
that, it's gravy.

 

personally, i'm wondering if i even need comprehensive and collision? my
Civic Si is a year 2000 and i'm very tempted to drop this coverage and
just keep liability. any opinions on this?

 

If it is under loan or lease you sure do! The bank will repossess the car if
they find you don't have it. I would never get only the liability, but
that's just me.

 

well it's paid off already...

 

They're both right: $1,000 is the way to go, and don't ever go below $500. The
only way a $250 deductible will benefit you is if you make crashing into things
an annual event. At which point, your insurance will cost more than your car
payments.

 

You have quite an attitude boy. Then why even get insurance if the
answer is to just not get into an accident, unless you are being
forced to???
Michigan for example is a no-fault state, meaning that you could be
stuck with the deductable even if it's NOT YOUR FAULT.

It all depends on what you're willing to pay, and risk.

So there.

 

For me it's only $82 less/6months for 1000 compared to 500. At that
rate it would take 3 years to recoup the 500 diff in deductible.
Between 250 and 1000 it's a diff of $146/6 months.

Then again it depends on how often you use your insurance. If you
total the car, $500 or $750 probably won't make a difference.

 

By raising the deductible, you might be able to save yourself couple hundred
annually. It's wise not to claim for incidents that are going to be under
$1000. Those type of claim will be on your record for about 6 years. Even if
you're not at fault and the insurance company are not suppose to use it against
you, they will.

Pars

 

Around here, if you're not at fault, the other insurance company pays the
deductible.

Pars

 

I think insurance stats are totally bogus and are justifications for the
industry to raise prices by making certain groups an escape goat. If it was a
third party publicly run organization that released the stats, then those stats
would not be biased.

Pars