Recently joined this NG and have been reading up on various discussions on insurance rates for 'stangs.
I drive a '00 Mustang Convertible 6 Cyl Automatic with abt 50k miles on it. I am single, male, 27 and rent an apartment in Los Angeles (ouch! ouch! and ouch!).
I am insured with Farmers and pay a whopping $2400 premium per annum! This includes a good driver discount and other discounts for a graduate degree and engineering background etc. (which I never knew existed!!).
I am surprised when I read some unbelievably low rates on this NG. Can someone tell me what I can do to lower my insurance rates?
Get renter's indurance, that will give you a multi policy discount two
Give Allstate a call. I went price shopping recently. Didn't look too hard but got a few prices. They were the cheapest for MY personal needs.
98 Cobra Drop Top $1030. ins. per year. Ample coverage with low deductibles. Multi policy, multi car old woman (47) discounts and a good driver discount.(aint THAT a hoot!)
1) move out of LA (and California) to someplace like the Nevada desert, add some age,
2) get married and put car in wife's name only
3) add a couple of kids who do not drive and who are straight A students,
4) buy a home and insure with the same company,
5) add another car insured with the same company,
6) get a beat up old Volare 6 cyl,
7) drop any coverage you don't absolutely have to carry....
8) reduce the number of miles you drive
9) don't drive to work (use car for pleasure only)
10) if you belong to any associations (like an Engineering Assc, see if they have any insurance plans)
11) join some form of association AAA, Costco, etc, which has an insurance company affiliation
12) compare other insurance companies (DO NOT DROP PRESENT COVERAGE UNTIL YOU ARE SURE YOU ARE COVERED BY ANOTHER COMPANY!!! Drop the old one too early and you could find yourself in a major bind.)
13) become filthy rich and you won't care how much you pay
14) as a last resort, sell the car, tear up your drivers license, and use public transportation.
My Mustang (see below for details), for full coverage with Allstate, runs about 65 per month. But, I live in rural northern California, I'm retired law enforcement, and 56.
Hey! Spikey Likes IT!
1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok Vintage Burgundy w/Black Standard Interior Vintage 40 Wheels 16X8" w/BF Goodrich Comp T/A Radial 225/50ZR16
Yeah, I know... I went through the same thing years ago. Bummer ain't it. Worse, when I moved to Portugal, I had GEICO, which I had in Japan and California. Soon as they found out I was in Portugal, they cancelled my insurance. Had to fight for a long time to get them straightened out. But not surprising... in Portugal you didn't even have to use headlights at night as long as you were in a well lit area. And a well lit area is anywhere the light from a store window falls on the street.
Anyway... >Spike,
Hey! Spikey Likes IT!
1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok Vintage Burgundy w/Black Standard Interior Vintage 40 Wheels 16X8" w/BF Goodrich Comp T/A Radial 225/50ZR16
On 27 Mar 2005 15:13:28 -0800, "MustangCzukor" wrote something wonderfully witty:
Insurance is a very dependant variable thing. An awful lot of "depends" goes into the equation. You might see your rates drop by simply moving 5-miles from where you currently live. Or of course they could go the other way as well.
About the only thing you can do short of walking is to let your fingers do the walking through your local yellow pages and start getting quotes. Raise your deductibles to the point of pain and drop any coverage(s) that you really don't need. Also, make sure they know how little you drive the car. Apparently < 10,000 miles a year.
Seeing as how you don't really have any assets to go after in a suit I wouldn't carry anything more then State mandated minimum levels of coverage either.
Seriously, dude, except for NYC, Detroit, San Fran and maybe Chicago - I can't think of any place on this earth that has higher auto insurance rates.
I've been to LA - nice for about 2 days, then it's time get get the f**k out. The same can be said about San Fran (I lived there for 4 weeks - the only nice thing that I can say is that I watched part of an ep of 'Nash Bridges' being filmed).
Look into moving out of the Sunshine/Illegal Alien/Undocumented Workers state, get out of the only city that has had riots in it for years, get away from the Crips, the Bloods and their violent subculture that raises everybodies taxes and insurance rates.
Kate, you live in Tennessee! He's in LA! There's a big difference between those areas (I believe that you escaped from California last year, didn't you?).
That damned Gecko is the worst...they 'cherry-pick' their clients. I had a friend a few years ago that used the Gecko, and he got a questionaire in the mail from Gecko that was required to be filled out; standard stuff like accidents in the past, physical defects, type of car, etc. He checked the box that asked if he has a radar dectector, mailed it off, and within 30 days, Gecko sent him a letter stating that they were cancelling his insurance - the reaosn was he was a 'high risk' driver because he owned a radar detector. Last year I was rear-ended, and the other driver had Gecko - I called their claims dept several times, then I went to my agent (State Barn); they gave me a rental car and took care of my car and they are taking care of this headache.
GECKO SUCKS! AND I BET THAT THEY DON'T EVEN SWALLOW!
There was a time back in the early to mid 70s when GEICO was outstanding. However, at that time, it was operated as a membership basis among government employees (primarily military). It was excellent in every way because each policy holder, being a member, each had a stake in how the company operated and served it's customers. The company had two branches at the time. GEICO for their low risk patrons, and Criterion for the high risk (aka low ranking military males). You could be in the low risk GEICO and be transferred overseas to a high risk area and you would be automatically switched to Criterion until you transferred back to the states.
Then around 1978 they ran into a real financial shortfall and verged on bankruptcy. Had they gone under, each of the members would have had to bear a portion of the debt. That scared a lot of members into heading for the hills as fast as their feet could move. This compounded the situation and placed a greater burden on those who stayed. That's about the time they opened it up to just about anyone, government employee or not, and began to tighten down the system to prevent further risk. I believe that is also about the time they went public.
Today, I hear all kinds of badmouth against them. I also hear the same kinds of remarks about All Fate, Farmers, etc. Much depends on whether the person doing the speaking has ever had a problem over anything. We have a guy here who drives around with all manner of signs posted on his car crucifying Farmers.
The main thing is that an insurance company is a gamble. They are gambling that they will take in far more than they will have to pay out. Like many things in life, they may decide things like young male drivers who use radar detectors are inherent speeders who use radar detection as a means of not getting caught. This, in turn says, this driver breaks the law, and will eventually cause the company to pay out funds, which is not their goal. It's not what they are sworn to do for their investors... which are not necessarily policy holders.
As an attorney who advertises for motorcycle riders says, 'there are two kinds of riders... those who have had an accident, and those who will have." The odds are in his favor that he is absolutely correct. So, DON'T declare your radar detector... and when you eventually have an accident... your fault, their fault, or nobody's fault.... pitch that sucker just as far as you can!!!!! LOL
Hey! Spikey Likes IT!
1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok Vintage Burgundy w/Black Standard Interior Vintage 40 Wheels 16X8" w/BF Goodrich Comp T/A Radial 225/50ZR16
| > Get renter's indurance, that will give you a multi policy discount | > two | >
| > Give Allstate a call. | > I went price shopping recently. Didn't look too hard but got a few prices. | > They were the cheapest for MY personal needs. | >
| > 98 Cobra Drop Top | > $1030. ins. per year. Ample coverage with low deductibles. | > Multi policy, multi car old woman (47) discounts and a good driver | > discount.(aint THAT a hoot!) | >
did they do a driver exclusion for your daughter?? LOL....... I remember the pics.....
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| > Get renter's indurance, that will give you a multi policy discount | > two | >
| > Give Allstate a call. | > I went price shopping recently. Didn't look too hard but got a few | > prices. They were the cheapest for MY personal needs. | >
| > 98 Cobra Drop Top | > $1030. ins. per year. Ample coverage with low deductibles. | > Multi policy, multi car old woman (47) discounts and a good driver | > discount.(aint THAT a hoot!) | >
| > Kate | | did they do a driver exclusion for your daughter?? LOL....... I remember | the | pics.....
After she killed my GT, I cut her license up and called the insurance company and excluded her. She didn't get it back till she was 18. In her defence, my son didn't do me any favors either. He had three wrecks. God, I am SO GLAD that they are grown and out of the house!
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