InsuranceCost

I pay just under $700 with AllState in Texas. Under $600 in NY sounds like a darn good deal if they actually honor the quote and don't try to weasel out of any claims.

 

6 months. Read right over that in OP... $500 per month is not nearly as good as $500 per six months... But still seems not horrible for a new driver in New York. Insuring under somebody else's name who has been driving longer and is over the 30 years old or whatever cutoff they use would definitely be cheaper, but if there's an accident and the insured name isn't on the vehicle with you, they could refuse to cover it.

 

I have Amica in MA and my insurance is no more than any of my other cars at about $1,300 per year. This includes comprehensive coverage. I’m nowhere close to under 30, so I don’t have to pay extra as an inexperienced driver.

I wouldn’t advise playing games with the name of the insured person. In MA if you live in the same house it doesn’t matter who is the listed driver. They will assign names to cars and assume anyone in the household will drive the car. If you take your name off the car and then get into an accident you won’t be covered. I have kids that drive so it was something I had to pay attention to.

 

If you have Costco in your area, check with them. Our renewal rate with Allstate went up quite a bit this year, so we went with Costco. Unfortunately car insurance is based on risk factors such as age, driving experience and area. In your case, looks like you got hit the worst with all three.


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That sounds really good if you're in NY city. My son is moving to LA and even though he's been driving since he was 16, on my insurance policy with no tickets or accidents, one quote we got was $8000/year for a 22 year old male (for his own policy, not with me). It's just age, gender, vehicle, and location. It might be a little less expensive if your mother is the owner, the insurance policy is in her name, and you are an additional driver. Of course, this only works if you live at the same address.

 

Our insurance rate dropped 10% when we switched from our old gas cars. Our insurance company said it was lower because the newer (Honda) cars are inherently safer than our older ones (e.g. auto anti-collision braking, lane departure, air bags R us...), plus they have a green car discount.

 

As far as I can tell, there is Nothing about it being a a hybrid (or PHEV in Clarity case) that affected the insurance. Car value, driver age/driving years, and what coverage you get affects your insurance cost. Mine's 1400 Annually, with near 20+ yr clean driving record

 

my insurance company told me EVs in general call for higher premium, with everything else being equal. the explanation I received is that these cars require more cost to repair. Minor collision could call for full battery inspection and perhaps repair than their ICE counterparts. my insurance bill does speak to that. they are more expensive than my insured BMWs.

 

$500/month just for insurance? What is your total cost of ownership? That's crazy money.

 

Many insurance companies are using credit history to rate drivers. So if you don’t have a good rating, it will make things worse besides age and and driving history.

 

How old are you? Did you get GAP insurance with Geico? Try to get quotes from other companies.

 

$215 a month? That’s a lot, I don’t know if it is cause it’s the east coast?
I’m in Oregon and I pay $102 a month for the clarity and a CRV, even with GAP coverage.

 

My insurance agency initially quoted us ~$1200/yr for the car; but upon purchase, we learned the rate would be going up to just under $2k/yr.
Long story short, I checked Ameriprise's rates against a Costco executive membership; the price came down to <$900/yr. My MA driver rating is 99..

Something up with the underwriting dept of all these insurance companies; they cant seem to properly slot the risk rating of these cars

 

Yep I also switched to Ameriprise through Costco. Way cheaper than what I was quoted from liberty mutual who'd I'd been with for many years. Paying just over $1000 per year vs almost twice that through LM.

 

Wow. Gotta love the Midwest. I’m about $1500/year for full coverage on EVERYTHING combined which includes 2 drivers on 3 cars, 2 snowmobiles, and an enclosed trailer. Clarity alone is about $450/year. Erie Insurance.

Regional differences just stun me at times. I can’t fathom considering $500+ per month...

At that price I am quite sure I wouldn’t own a car. And I’m not kidding. Not worth the price.

 

Not everywhere in the Midwest. Ask your insurance agent what it would cost if you moved to Detroit. You'll discover the biggest reason why so many Detroiters are driving around uninsured.