Feel I'm being mugged re car insurance

[BSdetect]

Just checked the payments and for 3 cars its now at $3438 per year.

The cars are all old - about 10 years on average.

Worth about $12400 total.

This sucks.

Looking for a better insurance deal. Suggestions welcome.

CA laws / taxes may explain some of this hefty fee.

[Dr Hobbitstein]

1. Who do you use?

Wife and I have used Progressive for MANY years and we don’t pay even a third of that for 2 cars (1 is a ‘04 compact and the other is a ‘10 luxury sedan).

[BSdetect]

9. We use Farmers and its supposed to be a bundle.

[Ilsa]

2. I pay about that, but it's for 3 vehicles,

including a fairly new truck, and a young male driver.

I'd shop around. And if you are a veteran, look into USAA. If a parent was a USAA member, you might be eligible (unless they rescinded that option).

[MANative]

6. I'll second that USAA recommendation, if available.

I'm a former dependent and still eligible. We pay about $1600/year for two brand new vehicles, one SUV and one luxury sedan. Comprehensive coverage including rental reimbursement. In CT.

[Newest Reality]

3. Comprehensive?

I assume you are just carrying liability on old cars like that? Comprehensive may or may not be worth it on cars that age, but you have to do your own calculations.

Get a quote from Agency Insurance Co. I get a great deal on an old car by paying it yearly in one sum.

[BSdetect]

7. I'll have to check. Think it may be comprehensive.

The years have flown past and its probably time to scrap that.

[Newest Reality]

10. Yeah, check into that...

It comes down to paying a lot more for the replacement value of your automobiles. You might want to check your bluebook values and then compare that to the yearly insurance costs comparatively and in consideration of how long you plan to keep each vehicle.

In some cases, you can just bank the savings so that you have enough to get a replacement. However, concerning an accident, if it is the other driver's issue, then their insurance will do the repairs/replacement.

However, do check that company and see what with or without would set you back.

[Newest Reality]

11. Oh...

If you have a local insurance broker, they can be VERY helpful in answering your questions and helping you figure out what you need. They also can shop for the best deal for you. That's how I found my insurance company.

[PoliticAverse]

4. You have collision coverage on any/all? n/t

[MontanaMama]

5. It's good to shop for car and home insurance

every few years. Insurance companies raises rates on a particular demographic every year...so after two-four years you’ll find your rates going up. Doesn’t matter what company you choose, your rates will creep up. Bundling home/car can save you money but just know that one or the other will go up even slightly making it smart to check rates. Some companies are more competitive than others in certain states. Years ago, an insurance attorney I was working with clued me in on this process and he was right. I’ll change auto/home bundles every 3-4 years. Right now, I’m paying $1872 a year for full coverage on a 2014 Dodge pick up and a 2016 Hyundai Santa Fe and a 30’ Springdale camper.

[BSdetect]

8. That amount is way better than our deal.

I'll be looking for changes in insurance today.

[ret5hd]

12. I think your BSdetector is functioning properly.

[handmade34]

13. I pay about

$1500/year 3 vehicles all comprehensive and not bad insurance... an accident totaled one of the cars last month and they gave me a hefty check (...my premiums didn't go up) maybe because it is Vermont???

[MiniMe]

19. Yet, they didn't go up yet.

When is your renewal date? You have a contract for the period of your insurance, usually 6 months or a year. It doesn't go up immediately.

[sinkingfeeling]

14. Try Safeco if they're in your state. Cut mine by 50% on 3 cars.

[wishstar]

15. We pay $916/yr for a 2014 Chevy van and a 2009 Kia van through 'Auto Owners Insur.'

Two senior drivers with full comprehensive plus underinsured and uninsured bundled with homeowners insurance in W. North Carolina through Auto Owners Insurance. This company was extremely considerate and speedy in processing a major homeowner claim we filed for a break-in/burglary paying 100% replacement for all items stolen.

[BSdetect]

16. Thanks for all your responses. Am seeking a better deal today.

[SoCalNative]

17. Check AAA

I've gotten far better rates from them than anywhere else for 2 cars, one a 2018 Subaru Outback and one a 1995 Cadillac. Just over $1400/year.

But your mileage may vary, depending on the area you live in and the ages of drivers on your policy.

[LuckyCharms]

18. $1,524 per year for two older cars. That extrapolates out to $2,286 for

3 cars. That's about $1,200 per year less than what you currently pay.

New York Central Mutual.

[BSdetect]

20. Well well, seems that my threat to change insurer worked.

QUOTE:

We discovered that your "Affinity Discount" had fallen off so we put that back on. In addition we are giving you and wife the "Senior Driver Defensive Discount".

Your new annual premium for all three vehicles will be approximately $1397.30. Hope that helps.