Extra grand a year to insure Pontiac : (

[RJolly87]

Around here, state minimum liability is $10,000. Most smart people around here run $25,000. I recently upped mine to $50,000, with $25k/$50k bodily injury liability, and uninsured motorist with a $250 deductible. I also added Comprehensive ($100 deductible), Collision ($1,000 deductible), Towing/roadside, and rental coverage ($30/30).

$1,000,000 is unheard of in these parts, and pretty rare on the national level as well.

Oh, and adding full coverage, premiums jumped from $150, to $270 for 6 months. But now I ain't gotta worry about nothing.

[LeSabre in Buffalo]

Around here, state minimum liability is $10,000. Most smart people around here run $25,000. I recently upped mine to $50,000, with $25k/$50k bodily injury liability, and uninsured motorist with a $250 deductible. I also added Comprehensive ($100 deductible), Collision ($1,000 deductible), Towing/roadside, and rental coverage ($30/30).

$1,000,000 is unheard of in these parts, and pretty rare on the national level as well.

Oh, and adding full coverage, premiums jumped from $150, to $270 for 6 months. But now I ain't gotta worry about nothing.

NY minimum is $25k liability. I have more since farm stuff costs a lot of money, and a lot of common cars/SUV's cost more than $25k with a few options.

[vogie01]

Around here, state minimum liability is $10,000. Most smart people around here run $25,000. I recently upped mine to $50,000, with $25k/$50k bodily injury liability, and uninsured motorist with a $250 deductible. I also added Comprehensive ($100 deductible), Collision ($1,000 deductible), Towing/roadside, and rental coverage ($30/30).

$1,000,000 is unheard of in these parts, and pretty rare on the national level as well.

Oh, and adding full coverage, premiums jumped from $150, to $270 for 6 months. But now I ain't gotta worry about nothing.

NY minimum is $25k liability. I have more since farm stuff costs a lot of money, and a lot of common cars/SUV's cost more than $25k with a few options.

MN is $40k liability.

[94SilverSSEi]

Holy crap!

$1,000,000 liability? I wonder how many people are running around there without insurance.
Do they have any laws that you have to have insurance?

In Wisconsin, it is ILLEGAL to NOT have insurance.
Not sure what the minimum is but I know ours is well above the minimum but still reasonable priced.

I think the MAX that our insurance even offers if $500,000 and I would think that would be crazy priced.

[LeSabre in Buffalo]

Insurance is pretty tightly tied to registration in NY. One needs proof of insurance before renewing registration. The penalties are Draconian if you are caught operating an uninsured vehicle, since it is assumed to be unregistered also. When one's insurance lapses in NY, plates have to be turned in within 10 days, IIRC, or new proof of insurance provided to keep plates and registration.

Other states such as SC allow folks to self-insure as long as the proper paperwork is filed with the state DMV. Not a wise choice IMO, considering the number of genuine hoopties running around SC.

[repinS]

I should clarify Ontario's numbers:

$50,000 minimum liability for non-catastrauphic. I believe this was reduced from $100,000 last year.
$1,000,000 for catastrauphic (loss of limbs, paraplegia, etc)

Fine is $5,000 for running without insurance (one could also potentially get arrested), which may not sound like a lot, but if you get caught, premiums could potentially hit 5 figures. You could also break 10k/year premiums with license suspensions, many at-fault accidents, DUI's on your record, etc.

[AllAlaskan]

ANY car costs that much to insure for any male under 25. In fact, if I had a car under my ownership and policy right at age 18, I would be looking at MINIMUM $5-6k per year to insure it, liability only. It works out to about $3500 at this point (age 23-24), and as soon as I turn 25 it'll drop below $3000. I think my brother pays $2700 for his 04 Lexus IS300, at age 25. Remember my old 1991 Civic? Yeah I wasn't about to pay $5k to insure that one. We did creative things between registering my parents cars and my car between them and my uncle. Has made for some interesting questioning when I cross borders

Private insurance is highway robbery in this province, and especially in Toronto proper. Places like Quebec and British Columbia have government, public-run insurance that isn't out to gouge you, and holy hell, they're cheaper. I have full coverage, no loan. Dropping collision - to be done in the next year or so - maybe takes a hundred or two off, the BIG bulk is mandatory $1,000,000 liability coverage. What are liability levels in the states where you guys are?

Another thing about Toronto... *shoot* is inflated. $100,000 combined family income barely scrapes you into the middle class because any reasonable sized home in a not so great area is still going to start around $300,000. Average price home in this city approaches $450,000. Heck Andrew, your house in little town MN might fetch $500,000 if it were in the right spot of the city here, especially if it's fully renovated.

Haha, get married it will drop I went from paying $330 a month on my focus I had at the time to $150 a month for me and my new wife when I turned 19 and got married lol.

[94SilverSSEi]

I should clarify Ontario's numbers:

$50,000 minimum liability for non-catastrauphic. I believe this was reduced from $100,000 last year.
$1,000,000 for catastrauphic (loss of limbs, paraplegia, etc)

Fine is $5,000 for running without insurance (one could also potentially get arrested), which may not sound like a lot, but if you get caught, premiums could potentially hit 5 figures. You could also break 10k/year premiums with license suspensions, many at-fault accidents, DUI's on your record, etc.

How do you even live with stuff that expensive up there? Are your wages proportionally more, as to what things cost, versus the US.

[00Beast]

Well their total family income is $100k, I'm guessing including the 4 of them, Dad, Mom, brother and Jerry, so I wouldn't really say so. I'm not gonna get into how and why their prices are so inflated, as that's just gonna start a fight...

[BonneMe]

Teenager = give up your wallet, it's not the car. In 2000, we paid significantly more to insure a 1998 Nova with basic coverage than a 1998 yukon with full coverage, all because I was the primary driver on it. It's all about liability, and young drivers get in accidents.

I'm 28, my home and car are insured together with State Farm, and I'm accident/ticket free. I just paid $356 for 6 months of full coverage ($1,000 deductable) on the Bimmer.

[tatroj12]

My insurance just went down to 488/year. The past two years though, I was paying 1000/year because I accidentally side swiped this dude's brand new truck. -.-

[1oldman]

If you don't like high insurance rates, don't live in Texas, especially large metro areas. In 1971 when my parents moved from just outside Indianapolis to Livingston, TX, one year's premiums wouldn't pay one month's premiums. The wife and I don't have any tickets, no accidents where we were at fault, only one comp claim for a busted windshield and our premiums are $2400 a year on two cars without the $1,000,000 rider. The companies don't even ask us how many miles we drive and we don't work. - BC

[repinS]

OOOOOOOOOOOld thread! Locking.

FWIW after a combination of crossing over age 25, switching companies, and a healthy employer group policy discount, I am now at $190/mo for full coverage on the G8. Accord liability/comprehensive only + G8 winter storage makes it $200/mo.