PSA: If you are a Costco member & have a car

[MrSquished]

go to this link: http://www.costcoauto.com/finance/ Costco through Ameriprise does auto and home insurance.

I've been getting quotes on auto insurance for a 2000 Acura TL. With basically the bare minimum coverage, things like 15K for bodily liability, with rental assistance at $70 per day the quotes have been coming in between 1500-2k per 6 months. No Collision and no Comprehensive.

With the Costco plan? 950 bucks per 6 months. And the kicker?

This is with bodily and property liability coverage at 500K! Uninsured motorist bodily and property at 500K! personal medical at 250K! Collision and Comprehensive - deductible of $250. Rental Assistance at $40 per day, up to $900 total.

Edit:This is in northern NJ

 

[TridenT]

I don't know what provider you're going through that is quoting 1500-2000 for 6 months.

That's more than I would pay at 20 years old. And I drive one of the most stolen cars in the USA...

Now that I'm 23, I'm looking at <$400 for 6 months.

 

[Wreckem]

$900 for six months on a 2000 Acrua TL? Are you under 25 or have a lot of violations/accidents?

I pay $489 for six months for a 2013 Nissan Juke with comp/collison, the whole nine yards and a 2000 Toyota with just liability. We are waiting until summer to add a 2014 Mazda 3 to replace the 2000 Toyota, but our insurance premiums will only rise to around $600.

 

[BurnItDwn]

I have decent coverage for $45 a month for my car and $50 a month for my house, fiance's car is like $40 a month. 100/300/100 with $25 daily rental coverage up to $600. 1000 Collision, 500 comprehensive deductable...

Your $950 per 6 months is more than my 2008 Forester, fiance's 2005 Taurus, and our house.

I would guess that you are likely under 25 years old???
I used to drive a 1999 Chrysler 300M. I had 1 speeding ticket on my record. When I was 22 years old I originally paid over $210 per month. I did shop around and switched to a $150ish per month policy until the couple more years passed and the ticket dropped off my record ... but ouch ... it sucked having to pay soo much for auto insurance.

I hope your rates go down significantly and quickly.

 

[destrekor]

Your state must be terrible for insurance, and you must be a terrible driver.

I was getting quotes for a new Subaru Impreza WRX at one point, the next car I want, and the totals for me were ~720/6 months.

A mid-20s male with that kind of car, and speeding tickets to my name, tend to produce very high insurance rates.
As it is, I pay a little over 80/month (something like 500/6mo) for a 2004 Chrysler Sebring (sedan), and at the time I had established the insurance for that car, I had 3 speeding tickets on the record (in a span of two years) with 6 points on my license (12 points in ohio = license is revoked for a time, I think 6 or 12 months).
I think I've received four, total, in my life. Or was it five? :hmm:

All but one was on highway.


The biggest thing that has helped me: sure, I speed - but I'm damn good about it and have never caused an accident. I keep myself tuned to the road and the traffic around me.
No accident reports cited against me = insurance likes that. (one accident, where someone backed into the road in front of me. Cops cited him) They distrust the whole mid-20s-male, sports car and speeding thing - but the solid safety record has to at least help some. I don't have what seem to be ridiculous rates, when comparing to other people in this very thread, so there must be some truth to that.

 

[Wreckem]

I have decent coverage for $45 a month for my car and $50 a month for my house, fiance's car is like $40 a month. 100/300/100 with $25 daily rental coverage up to $600. 1000 Collision, 500 comprehensive deductable...

Your $950 per 6 months is more than my 2008 Forester, fiance's 2005 Taurus, and our house.

I would guess that you are likely under 25 years old???
I used to drive a 1999 Chrysler 300M. I had 1 speeding ticket on my record. When I was 22 years old I originally paid over $210 per month. I did shop around and switched to a $150ish per month policy until the couple more years passed and the ticket dropped off my record ... but ouch ... it sucked having to pay soo much for auto insurance.

I hope your rates go down significantly and quickly.

I was paying $230/month when I first got my 2009 Ford Fusion because I had two MINOR fender benders. Gieco refused to budge on my rates when those accidents fell off so I switched to esurance and it cut it down to $50/month for my fusion. I was with Esurance for a year. During that year I hit a deer and nearly and likely should have totaled the fusion(repairs came to ~$9000). My rates, actually went down $2 a month after the deer incident. But when I moved from West Texas to the DFW areas and Esurance decided to more than double my rates because of my address change. So I shopped around again, and I am back at Gieco. Esurance lost a lot of money on me, but it serves those pricks right for not totalling out the Fusion. Even if they hadn't raised my rates I still would have left them for that reason.

 

[SandEagle]

you live in Detroit?

 

[MrSquished]

Most of you are all wrong.

I am 38 years old and have zero points on my license. This is for northern NJ, which is higher priced than other areas of the country. I have a 2 point violation from just about 3 years ago that counts for insurance points, even though after 1 year of ticketless driving in NJ you lose 3 points. So at NJ DMV I have 0 points. For nsurance purposes I have 2. The ticket was for not making a full stop at a stop sign. The agent on the phone for Costco said their company does not penalize much at all for that kind of ticket.

I have had 2 minor accidents in all 21 years of driving. One I was just rear ended by a girl not paying attention. Overall in 21 years I have only gotten 4 tickets.

The other insurance companies I checked with were Mercury, State Farm & Plymouth Rock. The Costco agent also said they give a discount when you get the much better liability dollar amounts vs minimums. Actually costs more to get a plan with crappy liability coverage numbers vs excellent ones.

 

[destrekor]

Most of you are all wrong.

I am 38 years old and have zero points on my license. This is for northern NJ, which is higher priced than other areas of the country. I have a 2 point violation from just about 3 years ago that counts for insurance points, even though after 1 year of ticketless driving in NJ you lose 3 points. So DMV I have 0 points. Insurance purposes I have 2.

I have had 2 minor accidents in all 21 years of driving. One I was just rear ended by a girl not paying attention. Overall in 21 years I have only gotten 4 tickets.

The other insurance companies I checked with were Mercury, State Farm & Plymouth Rock

One more reason I didn't need to stay the hell out of Jersey.

Jesus, fuck that.

 

[Wreckem]

Ah NJ, where everything is always more expensive than everywhere else.

 

[MrSquished]

You guys should post where you live when you post your rates. I bet geographical location is a big factor here.

 

[destrekor]

You guys should post where you live when you post your rates. I bet geographical location is a big factor here.

It is indeed, which is why I mentioned Ohio in my post.

Not only do companies simply try and get what they can out of different regions based on how well different people are used to getting fleeced because of where they live... there are also a great deal of varied state regulations that contribute significantly to the insurance industry in a state.

 

[MrSquished]

It is indeed, which is why I mentioned Ohio in my post.

Not only do companies simply try and get what they can out of different regions based on how well different people are used to getting fleeced because of where they live... there are also a great deal of varied state regulations that contribute significantly to the insurance industry in a state.

and I should have put it in my first post as well

 

[BurnItDwn]

I was paying $230/month when I first got my 2009 Ford Fusion because I had two MINOR fender benders. Gieco refused to budge on my rates when those accidents fell off so I switched to esurance and it cut it down to $50/month for my fusion. I was with Esurance for a year. During that year I hit a deer and nearly and likely should have totaled the fusion(repairs came to ~$9000). My rates, actually went down $2 a month after the deer incident. But when I moved from West Texas to the DFW areas and Esurance decided to more than double my rates because of my address change. So I shopped around again, and I am back at Gieco. Esurance lost a lot of money on me, but it serves those pricks right for not totalling out the Fusion. Even if they hadn't raised my rates I still would have left them for that reason.

I didn't feel too bad for paying what I paid. July 3 2003, car is on driveway, I am sleeping. It's early afternoon/late morning. (I was working overnights, 6:30pm-6am.)

I hear VERY loud constant crashing noises. Roof is being pummeled with silver dollar sized hailstones. I look out window at my car. It has many hundreds of fist sized dents. Windows cracked, lights broken. Car is a horrible mess. I take it for estimate at the shop the insurance says to go to. They estimate over 7000. I take it to "Gerber automotive" body shop in Wheeling, IL. It takes them over a month to fix it, and they bill insurance over 8500 on top of the $500 or so I pay for my deductible....

It's the only claim I've ever made on the car insurance.... so after about 18 years of driving ... I've paid in quite a bit more than gotten out of the system, but ... It was there for me the one time I really needed it....

 

[CrackRabbit]

I've had insurance with them in the past, and the rates were very good...
However, their billing department is a bunch of morons. I changed banks and updated my auto payment information on their website. It apparently never got saved into their system despite my printed confirmation, so when the next payment came back as rejected (since it was sent to a closed bank account) they wanted me to pay the rest of my term in full. They refused to acknowledge that there was a problem on their side.
I told them to pound sand and that their website sucked.

Switched to AAA, and then State Farm because AAA wouldn't insure my house.

 

[Noo]

I remember the old days where I was raped $200+ a month for just liability insurance. No accidents or anything on my record. Now I pay $800/year for 2003 accord and 2005 accord hybrid, 100/300/100.

Oh and why do you guys always give quote for 6 months? You only drive 6 months a year and put the car away the rest of the year? Lol

 

[Wreckem]

I remember the old days where I was raped $200+ a month for just liability insurance. No accidents or anything on my record. Now I pay $800/year for 2003 accord and 2005 accord hybrid, 100/300/100.

Oh and why do you guys always give quote for 6 months? You only drive 6 months a year and put the car away the rest of the year? Lol

Because that is the standard length of an insurance policy in the United States. You sign up for six months of coverage at a time.

 

[Noo]

Because that is the standard length of an insurance policy in the United States. You sign up for six months of coverage at a time.

That's a pretty shitty insurance company then. I guess my company spoiled me with yearly quote instead of BS 6 months

 

[blackangst1]

Just got a quote...about 15% higher than my current carrier (USAA).

 

[MrSquished]

I've had insurance with them in the past, and the rates were very good...
However, their billing department is a bunch of morons. I changed banks and updated my auto payment information on their website. It apparently never got saved into their system despite my printed confirmation, so when the next payment came back as rejected (since it was sent to a closed bank account) they wanted me to pay the rest of my term in full. They refused to acknowledge that there was a problem on their side.
I told them to pound sand and that their website sucked.

Switched to AAA, and then State Farm because AAA wouldn't insure my house.

which company was this? Ameriprise which i mentioned in the OP?

 

[destrekor]

That's a pretty shitty insurance company then. I guess my company spoiled me with yearly quote instead of BS 6 months

Where are you at?

Do they simply make it easier by computing a yearly price?


I think my policy is basically set to auto-renew. I have setup with them a monthly payment plan. So in reality, I don't care how long the plan is technically for, I'm just after the monthly cost to me.

But yes, insurance companies in the U.S. generally only make 6 month policies (our insurance cards clearly show only 6 months of coverage, we get new cards every 6 months).

If you are in the U.S., check your insurance card, as I bet it'll have only 6 months actually on the card.


I also have zero clue, but perhaps it's possible to actually create a 12 month policy. If that is even possible, I have a feeling very few companies would even do it, because I don't think prices can rise during an actual plan - the price change would come at the start of the next 6 month plan; thus, I doubt a company would want to risk being screwed out of the possibility of increasing someone's plan cost.

 

[CrackRabbit]

which company was this? Ameriprise which i mentioned in the OP?

Yep. Was very happy with them until that happened.

 

[pontifex]

I pay like $65 a month for 2004 Saturn L300 in PA.

 

[AznAnarchy99]

You guys should post where you live when you post your rates. I bet geographical location is a big factor here.

Southern California in probably the worst city in Orange County. $1000 a year, full coverage, 2011 Civic 2 door, 22 years old.

 

[dbk]

$69 per mo. '13 Accord but it's Geico /runnnnnnn

Ameriprise/Costco quoted me $17 more per month.