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0 pointsaidenn02y ago0 comments

Do cheaper cars really lead to lower liability premiums?

0 comments

No, you have to pay those anyway. But it will lower the total spend and so you'll have money available to pay them. You don't have to be rich or anything. I live in San Francisco, and insurance for my Subaru Forester costs me $1.2k/yr and I have comprehensive coverage.

So if someone were to buy a $10k car and instead chose a $5k car, it'll be as if insurance were cut to $700/year for the next 10 years!

If you value your privacy, that's a solution.

louthy2y ago

> I live in San Francisco, and insurance for my Subaru Forester costs me $1.2k/yr and I have comprehensive coverage

Wow, that’s crazy high. In the UK my Porsche 911 (992) is cheaper to insure than that! (Without an insurance tracker)

Anyone know if US insurance generally much higher (than other comparative nations)? Or is SF an anomaly?

aidenn0OP2y ago

I have comprehensive insurance for my car and it's about $850/yr. I'm also in California, but not near SF.

renewiltord2y ago

About $868 of that is for "Comprehensive" and "Collision" coverage, if it helps. It's possible it's just me, though. I've crashed my car once, and been hit on my motorcycle. In general, given that, I would assume it's more because of that than in general since I'm obviously a high risk driver. When I set my address from San Jose to San Francisco (I used to store the car at my friend's) it went up $200/yr so that's the SF premium for Geico at least.

How much do you pay?

1 more reply

lotsofpulp2y ago

Car insurance is partly based on the distances you travel with the car, and the area. The US is bigger than the UK, so on average, that component of the insurance price should be higher in the US.

j / k navigate · click thread line to collapse

0 comments

renewiltord2y ago

So if someone were to buy a $10k car and instead chose a $5k car, it'll be as if insurance were cut to $700/year for the next 10 years!

If you value your privacy, that's a solution.

louthy2y ago

> I live in San Francisco, and insurance for my Subaru Forester costs me $1.2k/yr and I have comprehensive coverage

Wow, that’s crazy high. In the UK my Porsche 911 (992) is cheaper to insure than that! (Without an insurance tracker)

Anyone know if US insurance generally much higher (than other comparative nations)? Or is SF an anomaly?

aidenn0OP2y ago

I have comprehensive insurance for my car and it's about $850/yr. I'm also in California, but not near SF.

renewiltord2y ago

How much do you pay?

1 more reply

lotsofpulp2y ago

Car insurance is partly based on the distances you travel with the car, and the area. The US is bigger than the UK, so on average, that component of the insurance price should be higher in the US.

j / k navigate · click thread line to collapse