04-24-2012, 10:59 PM
Hi everyone,
The numbers are interesting but they really can't be used for comparison, not even in general. For example, I could say my '09 Mazda CX-7 costs $1200 a year to insure and you could say you have the same vehicle and it only costs you $700 a year to insure but it wouldn't be a good comparison without looking at the specific.
Now, if you threw in some of the numbers, i.e. I have 500/500 liability, collision ($500 deductible), comprehensive, uninsured, underinsured, OBEL, etc and you just have liability alone, the reason for the difference becomes obvious.
Throw in other factors that affect your insurance costs (age, sex, marital status, accidents, moving violations, kids, etc and all bets are off. Even full coverage doesn't mean it's an good comparison because you can have full coverage but not at the same levels and it could make a significant difference in the cost.
I can't even compare numbers from where I live on Long Island to those of someone who lives in the city limits because even that makes a noticeable difference in the costs. My wife and I saved a significant chunk of cash when she moved in with me. We're talking less than ten miles away from within New York City limits to Long Island.
It's astounding how something as simple as that can make a difference in the cost of insurance.
Robert
The numbers are interesting but they really can't be used for comparison, not even in general. For example, I could say my '09 Mazda CX-7 costs $1200 a year to insure and you could say you have the same vehicle and it only costs you $700 a year to insure but it wouldn't be a good comparison without looking at the specific.
Now, if you threw in some of the numbers, i.e. I have 500/500 liability, collision ($500 deductible), comprehensive, uninsured, underinsured, OBEL, etc and you just have liability alone, the reason for the difference becomes obvious.
Throw in other factors that affect your insurance costs (age, sex, marital status, accidents, moving violations, kids, etc and all bets are off. Even full coverage doesn't mean it's an good comparison because you can have full coverage but not at the same levels and it could make a significant difference in the cost.
I can't even compare numbers from where I live on Long Island to those of someone who lives in the city limits because even that makes a noticeable difference in the costs. My wife and I saved a significant chunk of cash when she moved in with me. We're talking less than ten miles away from within New York City limits to Long Island.
It's astounding how something as simple as that can make a difference in the cost of insurance.
Robert