What's Oppo Paying for Insurance

"MooseKnuckles" (andyschenk) 12/02/2013 at 10:13 • Filed to: insurance

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What's the damage?

This year is a good one for me as far as Ontario car insurance goes. I turned 25 (biggest drop in insurance Ontario males ever see), my only accident will pass the 6 year mark (no longer on record), and my only ticket - 62km/hr in a 50 zone is also gone.

Currently paying $2200/year on my 2007 Mazda6S 5-door, highest level of insurance coverage available. So $2M liability, full collision, full comprehensive, $300 deductibles.
Just got quotes, looks like I'll be keeping $700 in my pocket, 80% of the quotes I got priced me in the $1450-1600 area. I want the new Colorado so I figured I'd see what a 2014 crew cab Sierra would cost me, $1200/year.

What are you guys paying, and where are you? I know Ontario has crazy high prices compared to most states and even other provinces in Canada, so try not to show-boat with your $300 insurance! I'll assume Euro-land gets shafted on insurance too, just like everything car related for them.

Demon-Xanth knows how to operate a street. > MooseKnuckles 12/02/2013 at 10:20

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About $1200/year for full coverage on my Dakota and liability on the Corvair.

Jagvar > MooseKnuckles 12/02/2013 at 10:20

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$826/year on the Phaeton through Progressive. Honestly, it's the lowest expense associated with that car.

Sn210 > MooseKnuckles 12/02/2013 at 10:21

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Holy shit! That's a lot of insurance! I just took off collision coverage and upped my comprehensive deductible to $1000. That brought my yearly premium to $370. That's for a 08 civic, multi-policy discount, alumni discount, and no tickets/accidents for a 25 y/o male in Massachusetts. I think that's pretty good. Probably a big risk dropping collision before going into winter...

Laird Andrew Neby Bradleigh > MooseKnuckles 12/02/2013 at 10:22

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As of now I've got two cars (well, two cars with plates that is, a '97 Civic 1.4iS and a '97 Lancer 1.6 GLXi wagon), and I pay 1100 USD total. Full coverage, no drivers under 25.. blablabla and all that jazz.

PS, this is in Norway and I've got insurance via an earlier job. A regular insurance company would charge three or four times as much.

MooseKnuckles > Sn210 12/02/2013 at 10:22

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Ya Ontario insurance is nuts. Own two cars? Double insurance. Own Three? Triple it. You need individual coverage on each vehicle you own.

CKeffer > MooseKnuckles 12/02/2013 at 10:23

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I'm 28 and drive a 2014 Focus ST, my fiancee is 26 and drives a 2013 Mazda 3i GT and for the both of us combined I pay $2452 per year, and that is for full coverage.

duurtlang > MooseKnuckles 12/02/2013 at 10:23

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About €40 a month. Full coverage for everything except damage to my own car. I've never been in an accident, have the 20+k km/year plan and I've been a car owner for over 3 years now. I used to pay half when I had my old 54 hp mk2 Golf.

Nibbles > MooseKnuckles 12/02/2013 at 10:25

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We pay just under $1600 for:

Comprehensive on the Focus
Comprehensive on the Dakota
Storage insurance on the SPG

Not a bad deal. Colorado, I'm 30 and the wife is 26

Sn210 > MooseKnuckles 12/02/2013 at 10:28

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Wow. I have a policy for my car and another policy for my wife's car, but they are both through the same company so they give us a little discount.

AeroEagle333 > MooseKnuckles 12/02/2013 at 10:32

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My wife (26) and I (27) live in Connecticut and pay $120/month for our two vehicles. My '09 Hyundai Elantra GLS has full coverage on it (which will change as soon as it's paid off) while her '01 Honda Civic EX has liability.

Agrajag > MooseKnuckles 12/02/2013 at 10:35

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$1400 a year for 3 cars.

KusabiSensei - Captain of the Toronto Maple Leafs > MooseKnuckles 12/02/2013 at 10:38

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$1900/year

Granted, this is for three cars and the motorcycle. Includes comprehensive on all the cars and bike, collision on two of the cars (one is driven to work, the other is collateral on the loan. Company won't write a collision policy for the truck). 100/300 limits, $1000 deductible.

Did I mention I'm 26, male, and single (i.e. just about the tridefecta of actuaries for auto insurance)?

Meatcoma > MooseKnuckles 12/02/2013 at 10:38

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$75/mo for full coverage on a 2010 Camaro.

liquid_popcorn > MooseKnuckles 12/02/2013 at 10:39

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About $1600/year for my wife and I (both 23). Minimum coverage on the 240DL, full coverage on my GTI. It'll be interesting to see what it jumps to when I get her a 2014 Sportwagen TDI in May...

thebigbossyboss > MooseKnuckles 12/02/2013 at 10:44

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Really? I was considering getting a car for a girlfriend for christmas. This makes me reconsider this choice.

Bandit > MooseKnuckles 12/02/2013 at 10:46

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A lot. I am a 17 year old who drives a 32 year old muscle car with no safety features, I have one accident on my record (10mph collision that caused $7000 worth of damage to our volvo), I get good student and multi-policy discounts, and I am covering everything except my car. $1240 per year before the collision (I don't know my adjusted rate). Currently my car is getting restored so my insurance is only $12/month. Yeah, insurance is very painful and it is stupid how high prices are for kids my age. This is why I think we should have graduated licenses based on skill, my insurance would go down because I wouldn't be carrying the weight of all the other bad teenage drivers. Fun Fact: it was cheaper for me to buy and drive my own old car than it would be to drive my mom's six year old volvo.

thebigbossyboss > MooseKnuckles 12/02/2013 at 10:47

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I have Liability for my 2003 Cavalier and pay $1.6K, even though they got rid of a lot of coverage in an attempt to keep the price down. I don't have any tickets that affect insurance. Thanks Ontario!

PelicanHazard > MooseKnuckles 12/02/2013 at 10:47

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$78.51/month (equaling $942.12/year) for a 24 year old with no crashes or tickets driving a manual Dodge Dart, driving since 16, some discounts for being with my insurer for so long as well as having my car 'garaged' at my parents' house and getting a multi-car discount that way (even though it's my own policy in my name that I pay for). Full coverage (comp/collision/uninsured/underinsured/yadda yadda) with 100/300/100 limits and I believe a $500 deductible.

I turn 25 in the spring, so I'm waiting to see what that does to my rates. I also hope to buy a house in a different neighborhood. No idea what that'll do to my rates. Hopefully it drops enough that I can get that second car I want.

ddavidn > MooseKnuckles 12/02/2013 at 10:50

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I am paying about $75/month (USD) for liability, uninsured motorist and basically no coverage for my car. Never had a ticket, I turn 25 next year. Can't wait for that. Next month it should go down a little bit, as I will have had insurance for 6 months continuously.

themanwithsauce - has as many vehicles as job titles > MooseKnuckles 12/02/2013 at 10:54

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PLPD only on my jetta and audi is a little over 1000 a year......yaaaaaay michigan and being under 25!.... I now haz a sad :(

JQJ213- Now With An Extra Cylinder! > Bandit 12/02/2013 at 11:19

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I can realate. I'm a 15 year old male driving a 2013 Honda Civic.. I'm paying $1260 a year through Allstate. And this is basic coverage (no roadside, free rental, etc). It sucks since Ive never had a collison (had a license for 10 months) and I'm paying for other dumb teens.

WhiskeyGolf > MooseKnuckles 12/02/2013 at 11:21

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Wow, you're right about Ontarians getting hosed. I live in Ottawa and pay about $1850 / year as a 25 year old male with a clean record on my Golf. When I bought it I was paying more like $2600 / year, so it's dropped because I turned 25 and moved to Ottawa.

BlazinAce - Doctor of Internal Combustion > MooseKnuckles 12/02/2013 at 11:23

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Considering I drive an old car, and old cars don't ever get insurea in Brazil, nothing...

davedave1111 > MooseKnuckles 12/02/2013 at 11:35

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BMW E30 318 saloon, N London, fully comp - roughly £300 a month, classic car cover. Doesn't go down noticeably with an NCB, but I don't have one anyway. I'd pay about another £100 a year if I wanted to commute in it and for more miles, but since I don't, it's only insured for 3k miles a year of SDP use.

MooseKnuckles > WhiskeyGolf 12/02/2013 at 11:37

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I bought a 2006 CTS 3.6L when I was 19 and was paying $3200 on a G license. Had I done the smart thing and bought a 2006 Corvette coupe, it would have only been $3000.

MooseKnuckles > thebigbossyboss 12/02/2013 at 11:38

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I thought you had to have some form of collision in Ontario, or has that changed?

thebigbossyboss > MooseKnuckles 12/02/2013 at 11:56

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You do not.

TheLOUDMUSIC- Put it in H! > MooseKnuckles 12/02/2013 at 12:35

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~$100 a month to drive my Mom's 08 Civic. Driver's education really helps with that kind of thing. I'm not sure of the details, but it was the same as the insurance required for the car to be leased.

MooseKnuckles > TheLOUDMUSIC- Put it in H! 12/02/2013 at 12:48

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Now that's a lot. When I was 17 driving my my dad's Sierra and mom's Monte Carlo SS I was paying $700/year to be occasional driver on them.. or are you listed as primary on your mom's Civic?

TheLOUDMUSIC- Put it in H! > MooseKnuckles 12/02/2013 at 12:59

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Better than my cousin who pays ~$250 to drive a 98 Cavalier. And never mind about the $100, that was a year ago. I logged in to look and its gone down to ~$70 to have me AND my Ranger insured. My truck is so cheap to insure, it's cheaper to insure it and get a multi car discount than to not. Costs like 10 bucks a month for the ranger to be parked, saves, like, $30.

KirkyV > MooseKnuckles 12/02/2013 at 14:36

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I'm an 18 year old British male, and this year I paid £800 ($14,000 Canadian) to insure my X-reg (made in 2000) Peugeot 106 1.1. That's on a 'Third Party, Fire and Theft' policy, which essentially means I have unlimited liability coverage - you don't have the option of limited liability motor insurance in the UK, and I believe throughout the rest of the EU - but no actual on-the-road accident coverage for my own car. So, I could crash into a line of priceless supercars, destroying the lot of them, and not have to pay a thing, but any damage done to my own car wouldn't be covered. If, however, my car were destroyed in a fire or stolen, I would be covered.

I've been driving for just over a year, and haven't had any trouble with speeding tickets or accidents, so I've got a year's worth of 'no claims bonus', which is one of the more significant factors in determining what you'll pay for insurance in the UK. Last year, as a new, 17-year old driver with no experience and no 'no-claims', I paid £2,800 ($4,800) to insure that same car.

...

Yeah, that sucked.

desertdog5051 > MooseKnuckles 12/02/2013 at 18:16

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A lot less than you.

MooseKnuckles > desertdog5051 12/02/2013 at 18:28

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lol

Aaron M - MasoFiST > MooseKnuckles 12/05/2013 at 10:16

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I pay $1200 a year for full coverage on my WRX. One ticket, one not-at-fault accident (rear-ended while stopped in traffic). That's quite expensive in absolute terms, but I knew NASIOC members who paid north of $2000 a year for their WRXs. Did I mention I live right outside of Boston?