35 year old male, 2009 Outback, 100/300/50 comprehensive collision, with a $500 deductible. I live in the city and have had a couple of vandalism-related claims in the last two years, but no moving violations in 10+ years.
I paid about $55/month back when it was just me. I added my wife and her 2005 Corolla to my policy a few months ago, and it went up to $95/month.
Really? Odd, that. I’m in one of the first ring suburbs, and my zip code brings up “Minneapolis” as often as not. We pay a bit less than $600 every six months for three cars: a 2013 Nissan Juke, 2006 Ford Escape Hybrid, and 1985 Chevy Corvette. El Hubbo and I are both mid 30s with good driving records and credit.
I’m technically in Minneapolis, but in an north inner ring 'burb also (IIRC, you’re like one 'burb away from me). I pay $65/mo for full coverage of my 2006 Ford Freestyle. I’m the only licensed driver, 44, F.
For now. The future of auto insurance is to put a device on your car to track how much you drive, where you drive, how hard you brake, how fast you go, etc. The company a friend works for is offering it as optional right now. I imagine that 20 years from now every auto insurance company will be doing it and it will be mandatory.
Nah. I bet legal challenges would prevent it from being mandatory. There will just be a massive surcharge if you refuse the tracker. Or, equivalently, but possibly more acceptable from a behavioral economics standpoint, a massive discount if you accept it.
Or self-driving cars will make insurance really, really cheap.
Yeah, that’s right in line with my expectations. But Chimera’s saying that if he moved “into the city,” his rates would rise 50%, from $400/6 months to like $600/6 months, for one car/one driver. That seems way high, especially when you and I are paying less and are relatively close to “in the city,” I should think. Sometimes I’m rather surprised my rates aren’t more, what with being so close to North and all!
Chimera, old buddy old pal, you need to shop around.
Following a major accident, they would get the current mileage, and they could look up the mileage at the date of sale. If the annual average they calculate is wildly out of whack with what you self report, they would either drop you for future coverage, or would give you a substantial rate hike.