How much do you pay for your insurance?

joony79 · 10-31-2005, 01:51 PM

I pay $1700 per 6 months

Cory1000 · 10-31-2005, 01:53 PM

please search before starting threads...this one is out there a few times..

and your getting ripped.... 900 a year in NJ with bad record...

natalia · 10-31-2005, 01:59 PM

I don't have my car yet, but I got a quote for a 330i and it was about $550 per 6 months. Only about $100 more than my current insurance.

joony79 · 10-31-2005, 02:02 PM

i'm in Jersey City... Is that causing me the high insurance?

natalia · 10-31-2005, 02:14 PM

Quote:

Originally Posted by joony79

i'm in Jersey City... Is that causing me the high insurance?

I think that location has a lot to do with it. Where you live, where it will be parked, how you use the vehicle, etc. These were all questions asked to me by my insurance provider when getting my insurance.

joony79 · 10-31-2005, 02:25 PM

Thanks... but I've checked the previous threads about insurance and I still think that I'm very very over charged...
My insurance company is AIG and I'm an international student without social security number. I live in Newport Jewsey City and have public parking garage which I pay $170 a month to park my car. I usually drive to school every day about 5miles. Most importantly I'm 26 yrs old. So can you give me some ideas why I'm paying so much insurance? thanks~

natalia · 10-31-2005, 02:27 PM

Quote:

Originally Posted by joony79

Thanks... but I've checked the previous threads about insurance and I still think that I'm very very over charged...
My insurance company is AIG and I'm an international student without social security number. I live in Newport Jewsey City and have public parking garage which I pay $170 a month to park my car. I usually drive to school every day about 5miles. Most importantly I'm 26 yrs old. So can you give me some ideas why I'm paying so much insurance? thanks~

Nope...find another insurance company!

Scott Carpenter · 10-31-2005, 02:55 PM

Im 23 in ft lauderdale, FL and i pay 1200 for six month, full and thats chep!!!

SV Concepts III · 10-31-2005, 02:59 PM

Quote:

Originally Posted by joony79

Thanks... but I've checked the previous threads about insurance and I still think that I'm very very over charged...
My insurance company is AIG and I'm an international student without social security number. I live in Newport Jewsey City and have public parking garage which I pay $170 a month to park my car. I usually drive to school every day about 5miles. Most importantly I'm 26 yrs old. So can you give me some ideas why I'm paying so much insurance? thanks~

My best guess is that your international status and lack of SSN attributes to the high number. In any case 1700 is EXORBINATELY high!

txusa03 · 10-31-2005, 03:06 PM

But should we also state what the coverage is? If I say I paid $600 for 6 month, and some one say they paid $700 for 6 month, you cannot just compare the $. It depends on the coverage you opted for as well.

joony79 · 10-31-2005, 03:08 PM

I know its such a pain... just throwing money in the air... is there any way for me to lower the insurance?
My coverage is full both ways and even 2000 deductable...

Scott Carpenter · 10-31-2005, 03:17 PM

wow you have 2000 deductable and it's that high!!!! Thats just not right. I would try and shop aeound.

driverseven · 10-31-2005, 03:27 PM

New Jersey is notorious for extremely high auto insurance rates.

Overall it is very difficult to compare policies -- it's not just your record and where you live, but also, your policy. For example, I have much more than the minumum on liability but keep a very high deductible. On the theory that insurance is to cover real disasters (the kind that get you sued for everything you own), not dumb stuff like the windshield cracked. My policy is $1,800/year but it includes my wife's car, too.

I suspect that, as a student, you are in whatever NJ calls the 'assigned risk' pool which is considered the highest risk and some companies won't even write a policy for you. When I was in my 20's and had an accident and a speeding ticket, I was in that class. It's a number of years ago but I was paying $1600/year for a car that probably cost me $5,000.

The only way to lower your rate once you're in an assigned risk pool is to stay out of trouble and wait a few years. Then, when you shop around, you are more likely to find a company that will give you a competitive rate.

Sho · 10-31-2005, 03:27 PM

Mine is $850 a year full coverage. :-)

Scott Carpenter · 10-31-2005, 03:32 PM

Quote:

Originally Posted by driverseven

New Jersey is notorious for extremely high auto insurance rates.

Overall it is very difficult to compare policies -- it's not just your record and where you live, but also, your policy. For example, I have much more than the minumum on liability but keep a very high deductible. On the theory that insurance is to cover real disasters (the kind that get you sued for everything you own), not dumb stuff like the windshield cracked. My policy is $1,800/year but it includes my wife's car, too.

I suspect that, as a student, you are in whatever NJ calls the 'assigned risk' pool which is considered the highest risk and some companies won't even write a policy for you. When I was in my 20's and had an accident and a speeding ticket, I was in that class. It's a number of years ago but I was paying $1600/year for a car that probably cost me $5,000.

The only way to lower your rate once you're in an assigned risk pool is to stay out of trouble and wait a few years. Then, when you shop around, you are more likely to find a company that will give you a competitive rate.

Well done.

joony79 · 10-31-2005, 03:34 PM

Thanks fot your thoughtful reply driverseven. I really appreciate it.
Maybe I should just shut up and wait ^^

Jay_328 · 10-31-2005, 11:49 PM

$1,700.00 per 6 months for insurance.

$170.00 pre month to park.

$???.?? car note.

driving a BMW ... priceless

CnoteMD · 11-01-2005, 04:43 AM

I would guess that your rate is about normal for Jersey City. Two years ago I got a quote for $3600/yr for a 1997 Acura Integra in Brooklyn, NY.

Ultimately, I got liability only (for $1800/yr).

The NJ/NYC area has notoriously high insurance rates, even if you have a clean driving record.

Michael

Eldalo3 · 11-01-2005, 06:12 AM

2500 per 6 month
because my FX Infiniti 2004 was total lost.
1 point cut the singl light on red.

davinet78 · 11-01-2005, 06:49 AM

i paid £368 for the twelve months

shuzmaker · 11-01-2005, 07:11 AM

Quote:

Originally Posted by joony79

...
My insurance company is AIG ...

From experience, AIG SUCKS

.

I have Liberty Mutual now, but I bet you can do even better.

jmcphillips1 · 11-01-2005, 07:21 AM

I pay $421.95 per 6 months with $1000 deductable.
$500 deduct would cost 493.15 per 6 months

State Farm Insurance

10-31-2005, 01:51 PM	#1
joony79 mOOnarchy 21 Rep 329 Posts Drives: 330i SG Join Date: Oct 2005 Location: NJ Newport iTrader: (0) Garage List 2006 330I [0.00]	How much do you pay for your insurance? I pay $1700 per 6 months
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10-31-2005, 01:53 PM	#2
Cory1000 God 30 Rep 320 Posts Drives: 2006 325i Join Date: May 2005 Location: NJ iTrader: (1)	please search before starting threads...this one is out there a few times.. and your getting ripped.... 900 a year in NJ with bad record...
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10-31-2005, 01:59 PM	#3
natalia Second Lieutenant 14 Rep 266 Posts Drives: Not a BMW Join Date: Oct 2005 Location: Raleigh, NC iTrader: (0)	I don't have my car yet, but I got a quote for a 330i and it was about $550 per 6 months. Only about $100 more than my current insurance.
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10-31-2005, 02:02 PM	#4
joony79 mOOnarchy 21 Rep 329 Posts Drives: 330i SG Join Date: Oct 2005 Location: NJ Newport iTrader: (0) Garage List 2006 330I [0.00]	i'm in Jersey City... Is that causing me the high insurance?
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10-31-2005, 02:25 PM	#6
joony79 mOOnarchy 21 Rep 329 Posts Drives: 330i SG Join Date: Oct 2005 Location: NJ Newport iTrader: (0) Garage List 2006 330I [0.00]	Thanks... but I've checked the previous threads about insurance and I still think that I'm very very over charged... My insurance company is AIG and I'm an international student without social security number. I live in Newport Jewsey City and have public parking garage which I pay $170 a month to park my car. I usually drive to school every day about 5miles. Most importantly I'm 26 yrs old. So can you give me some ideas why I'm paying so much insurance? thanks~
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10-31-2005, 02:55 PM	#8
Scott Carpenter BMW Employee 11 Rep 134 Posts Drives: 2006 E90 325i Join Date: Oct 2005 Location: Ft Lauderdale iTrader: (0) Garage List 2006 BMW 325I [0.00] 2003 Cadillac Escalade [0.00]	Im 23 in ft lauderdale, FL and i pay 1200 for six month, full and thats chep!!! __________________
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10-31-2005, 03:06 PM	#10
txusa03 Major General 550 Rep 6,563 Posts Drives: TS330iPPSP6MT Join Date: Jul 2005 Location: Planet Earth iTrader: (3)	But should we also state what the coverage is? If I say I paid $600 for 6 month, and some one say they paid $700 for 6 month, you cannot just compare the $. It depends on the coverage you opted for as well.
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10-31-2005, 03:08 PM	#11
joony79 mOOnarchy 21 Rep 329 Posts Drives: 330i SG Join Date: Oct 2005 Location: NJ Newport iTrader: (0) Garage List 2006 330I [0.00]	I know its such a pain... just throwing money in the air... is there any way for me to lower the insurance? My coverage is full both ways and even 2000 deductable...
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10-31-2005, 03:17 PM	#12
Scott Carpenter BMW Employee 11 Rep 134 Posts Drives: 2006 E90 325i Join Date: Oct 2005 Location: Ft Lauderdale iTrader: (0) Garage List 2006 BMW 325I [0.00] 2003 Cadillac Escalade [0.00]	wow you have 2000 deductable and it's that high!!!! Thats just not right. I would try and shop aeound. __________________
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10-31-2005, 03:27 PM	#13
driverseven Curve junky 16 Rep 274 Posts Drives: 228 Black Join Date: Sep 2005 Location: Westchester, NY iTrader: (0)	New Jersey is notorious for extremely high auto insurance rates. Overall it is very difficult to compare policies -- it's not just your record and where you live, but also, your policy. For example, I have much more than the minumum on liability but keep a very high deductible. On the theory that insurance is to cover real disasters (the kind that get you sued for everything you own), not dumb stuff like the windshield cracked. My policy is $1,800/year but it includes my wife's car, too. I suspect that, as a student, you are in whatever NJ calls the 'assigned risk' pool which is considered the highest risk and some companies won't even write a policy for you. When I was in my 20's and had an accident and a speeding ticket, I was in that class. It's a number of years ago but I was paying $1600/year for a car that probably cost me $5,000. The only way to lower your rate once you're in an assigned risk pool is to stay out of trouble and wait a few years. Then, when you shop around, you are more likely to find a company that will give you a competitive rate.
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10-31-2005, 03:27 PM	#14
Sho Lieutenant 35 Rep 574 Posts Drives: E90 325i 6-speed Join Date: May 2005 Location: WA iTrader: (0)	Mine is $850 a year full coverage. :-)
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10-31-2005, 03:34 PM	#16
joony79 mOOnarchy 21 Rep 329 Posts Drives: 330i SG Join Date: Oct 2005 Location: NJ Newport iTrader: (0) Garage List 2006 330I [0.00]	Thanks fot your thoughtful reply driverseven. I really appreciate it. Maybe I should just shut up and wait ^^
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10-31-2005, 11:49 PM	#17
Jay_328 Lieutenant Colonel 119 Rep 1,595 Posts Drives: 07 e92 Join Date: Jul 2005 Location: VA iTrader: (0) Garage List 07 E92 328 [0.00]	$1,700.00 per 6 months for insurance. $170.00 pre month to park. $???.?? car note. driving a BMW ... priceless
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11-01-2005, 04:43 AM	#18
CnoteMD Commander in Chief 37 Rep 1,034 Posts Drives: 2008 BMW 535i Join Date: May 2005 Location: Atlanta, GA iTrader: (0) Garage List 2008 M5 [0.00] 2006 330i [0.00]	I would guess that your rate is about normal for Jersey City. Two years ago I got a quote for $3600/yr for a 1997 Acura Integra in Brooklyn, NY. Ultimately, I got liability only (for $1800/yr). The NJ/NYC area has notoriously high insurance rates, even if you have a clean driving record. Michael __________________ 2008 BMW 535i Space Gray, Black Leather, Dark Bamboo Trim\| Sport Automatic with Paddles \| Sport Package 2008 BMW M5 (gone, but not forgotten) Space Gray, Silverstone Merino Leather, Madeira Walnut Wood Trim \| 7speed SMG \| All options Mods: Corsa Exhaust \| RPI Ram Air Intake \| H&R Sport Springs \| Rogue Engineering 12mm spacers
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11-01-2005, 06:12 AM	#19
Eldalo3 Private 8 Rep 81 Posts Drives: 325/E90 Join Date: Jun 2005 Location: Irvine iTrader: (0)	2500 per 6 month because my FX Infiniti 2004 was total lost. 1 point cut the singl light on red.
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11-01-2005, 06:49 AM	#20
davinet78 Lieutenant Colonel 28 Rep 1,832 Posts Drives: bmw e90 320d Join Date: Jun 2005 Location: gibraltar(europe) iTrader: (0) Garage List 2005 bmw 320d E90 [0.00]	i paid £368 for the twelve months __________________ e90 320d,arktis,lumber support, hifi speaker, alarm, dakota beige, 162 18", xenon with washer spray,window chrome trimmings, professional radio, 6 cd changer wood trimmings 6 speed manual.
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11-01-2005, 07:21 AM	#22
jmcphillips1 Captain 60 Rep 667 Posts Drives: 2012 128 Coupe Join Date: Oct 2005 Location: Alabama iTrader: (1) Garage List 2012 BMW 128i Coupe [0.00]	I pay $421.95 per 6 months with $1000 deductable. $500 deduct would cost 493.15 per 6 months State Farm Insurance
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