Is insurance on Hybrid higher?!

I belong to Geico. You got to know how to work there system. They give discounts for professional groups. Just google it and pick the ones you associate with. Call them and say I belong to the Engineers group.

They add discounts for for garaging a car or having an active car alarm.

They discount for loyality

Just call and ask

 

Obviously, the coverage limits will also determine your premiums. I forgot my coverage, but I know I increased them as much as I reasonably could handle. My reasoning is that I own a condo. If I end up injuring somebody, I would like to reasonably protect the equity in my condo. If I kill somebody, I'll be in big trouble anyway, so I can't protect myself 100%. If I was a renter or had no major assets, I'd just get the minimum coverage.

Mike

 

Liability insurance is so cheap it makes sense to max it out.

 

I talked to a few Insurance guys and was not impressed. They try and sell you car insurance, homeowners insurance, life insurance, Long term care insurance, annuities, investments, IRA's, foreign country medical evacuation insurance, travel agents, car registration services.

Geico is easy, they are cheap, reliable, good customer service, and I never had a problem with them, and they are not trying to make me broke with stuff they are not good at.

 

Yep.

Those sound like really low coverage amounts. Do you have little or no assets? You need to be concerned about crazy people suing you in the event of an accident and going after your assets.

There's no way I'd have coverage amounts that low.

Re: the deductible, that's up to you. One problem of having low deductibles and reporting damage to the insurance company that they end up paying for is that your rates might go up and cost more in the long run. With some folks, if they sustain damage that's their fault, they just eat the cost instead of the reporting it to insurance.

 

But will Progressive be there when you need them most?


Matt Fisher Outraged By Progressive Insurance Defending Sister's Killer (2nd UPDATE)

 

One thing to consider now days is a lot of companies offer a new customer discount or they may call it a transfer discount for switching to them. When your policy renews, the discount goes away and your rate goes WAY up. So if you're shopping around don't forget to ask about that. There are definite advantages for staying with one company. They will usually make exceptions based on your tenure with them, and if you have an accident and you've been with them awhile (5 years) your rates don't go up (at least that's the way it works with Geico). You can also get other perks for being loyal. It's isn't always the smartest idea to shop every term and go with who ever is the cheapest. The cheapest isn't always the best, you get what you pay for...

 

I'm glad you're happy and I hope it works out for you. But you are completely wrong when you say Geico is ripping people off. They are the fastest growing auto insurance company in the United States, so obviously they are doing something right. No company is always going to be the lowest price for every driver in every situation.

 

It's a teaser rate. Similar to the Cable TV promotion. First year is cheap Than Bam you get a significant increase. Tim did an excellent job explaining

 

Perhaps rating a car insurance company on consumer satisfaction after an accident is the most important criteria. That is when they need to perform for you.

Geico ranked 1 by Kanbay

GEICO | GEICO Honors and Ratings

 

I know nothing about your Sonata, but your Sonata likely was old and had less VALUE left than your Prius. That's part of what goes into determining cost.

As for CA being known for higher insurance, that's right. IIRC, when I moved from WA back to CA, my insurance doubled in price. Ask the other company if insurance is less in your previous state. I bet it would be.

 

Your moving to Carson, CA?

It is among the highest grand theft auto crime rates in the city.

Suggestion move to Redondo Beach or Huntington Beach


Carson Crime - Mapping L.A. - Los Angeles Times

 

You're comparing apples to oranges

Staying with on company you get a loyalty discount.

IF you have an accident your rates don't go up and you do't get dropped

 

Re: the Sonata, that doesn't necessarily matter. Hyundai's traditionally don't hold their value very well. Your Hyundai is probably older than your Prius and worth less $.

As for the latter... I admit it, I'm lazy to shop around. The last time I did via calling around (long ago) and via insweb.com, every single insurance company was MUCH higher than Safeco (what I have). You end up getting a lot of junk mail and phone calls from insurance companies after getting a quote via insweb.