INSURANCE????WOW?
#16
Re: INSURANCE????WOW?
Originally Posted by bnsfengineer
I just took delivery a couple of weeks ago of my Civic Hybrid and called my insurance company. This car is about 50% higher than my 06 325i BMW. The customer service rep. replied that all Hybrids were more costly to insure. I guess just when you think your saving so much in gas the other guys want to make up for it.......by the way, I have Wawanesa Insurance and by far they have the best rates I have ever had. Wondering if everone had the same suprise on their bill. I have no accidents or tickets and paying 1100.00 per year for this car alone!!!! OUCH!!!
I never owned a BMW (always wanted to because I like they way they look and feel) but I do know my Toyota was running me about $700 yr. for my coverage (full) and the acura about $980. The Civic runs me now $755 /yr. Not bad.
I live in an area, though, where people have money (somewhat moreso than many other parts of the county contents) and auto-theft is among the lowest in the country. That could have a part in it. Don't know.
Thanks,
Shawn
#17
Re: INSURANCE????WOW?
I'm at $1,600 per year. Single, completely clear driving record (not even a parking ticket), my HCH-I is my first and only car. I'm still under 25, so I'm looking for my rates to drop in a few months when that birthday happens. State Farm.
#18
Re: INSURANCE????WOW?
I hope your rates do drop when you turn 25. In California, that doesn't make a difference. Here, they now go by how long you've been driving. My first major rate deduction didn't happen when I turned 25 (in fact, nothing happened that year). It was the next year when I got married that my insurance dropped $700. It wouldn't have dropped that much if I was still single.
All the best,
Shawn
All the best,
Shawn
#19
Re: INSURANCE????WOW?
I just added tha HCHII to our policy. It was $385/semi-annually for a 2006 Ody Touring ($37k). After adding the Hybrid to my policy the new premium is now $827/semi-annually. The premium for for HCHII was $481, and the Ody went down by 10% or $39, to $346.
Doesn't make sense to me that my $21000 Civic costs 40% more ($481/$346=139%) to insure than my $37000 Odyssey Touring. I switched to Allstate about 2 years ago, as they were Significantly less than State Farm and / or Country Companies. I may be auto insurance shopping again sometime soon!
What was really odd was that a 2006 Accord EX-V6 was about $140/semi annually than the Civic Hybrid and Ciivc 1.8....
Doesn't make sense to me that my $21000 Civic costs 40% more ($481/$346=139%) to insure than my $37000 Odyssey Touring. I switched to Allstate about 2 years ago, as they were Significantly less than State Farm and / or Country Companies. I may be auto insurance shopping again sometime soon!
What was really odd was that a 2006 Accord EX-V6 was about $140/semi annually than the Civic Hybrid and Ciivc 1.8....
#20
Re: INSURANCE????WOW?
Originally Posted by bnsfengineer
I just took delivery a couple of weeks ago of my Civic Hybrid and called my insurance company. This car is about 50% higher than my 06 325i BMW. The customer service rep. replied that all Hybrids were more costly to insure. I guess just when you think your saving so much in gas the other guys want to make up for it.......by the way, I have Wawanesa Insurance and by far they have the best rates I have ever had. Wondering if everone had the same suprise on their bill. I have no accidents or tickets and paying 1100.00 per year for this car alone!!!! OUCH!!!
Rick
PS.- BMW 40K HCH 25K