"Most Dangerous Car in America"

[edmscan]

Originally Posted by jayeh

Your area doesn't do this already?

Quotes I received here...

2008 Corvette $105 per month
2008 Ford Crown Vic $75
2008 Yaris HB $125

I am paying 75$ per month for my 2007 Yaris RS 3 Dr LB ... and that is with collision and 2 million liability.

So .. I knew the rates in Ontario were high but that is quite high. But then again, I am getting the best rate that the insurance company offered due to many years of accident free driving.

Originally Posted by tooter

Insurance on my 2012 Yaris costs 75 cents a day because I only buy the minimum required to register the car.

That is very cheap .. but I am not surprised as the rates in the US are generally lower than Canada where we are turned upside down and shook til all our money falls out .. then they shake us some more to make sure they got it all.

[nookandcrannycar]

Originally Posted by edmscan

I am paying 75$ per month for my 2007 Yaris RS 3 Dr LB ... and that is with collision and 2 million liability.

So .. I knew the rates in Ontario were high but that is quite high. But then again, I am getting the best rate that the insurance company offered due to many years of accident free driving.



That is very cheap .. but I am not surprised as the rates in the US are generally lower than Canada where we are turned upside down and shook til all our money falls out .. then they shake us some more to make sure they got it all.

It's not that cheap. Tooter isn't paying that much, but he's not getting that much coverage either. The minimum coverage to register a car in California is 15 Thousand Per Person/30 Thousand Per Accident Bodily Injury and 5 Thousand Property Damage. I just looked it up and was amazed it is still that amount. It was the same when I started driving and at that time I remember my mother told me it had been at that same level since at least the early 1970's. Tooter would be paying more if he lived in Bell, Compton, or Inglewood and he'd be paying less if he lived in the NW part of Woodland Hills or in Hidden Hills.

Do you have to have collision in Canada? or is it like here in the U.S. where if you paid cash for the car, you don't have to have collision? Do Canadian insurance companies ask you how many miles you drive and base your rate on that? Years ago here they asked you your annual miles when you got the policy and that was it. Then 10 + years ago insurance companies (at least in California) started asking that question every year. In Texas you have to give an affidavit of your odometer reading (at least with my company and I know some others) to get the 'mileage discount'. There really isn't any point in not giving the mileage because you have to get your car inspected every year and the inspection station gives the odometer reading to the State and the insurance company can get that information from the state. I don't carry collision and I don't think I have since I was a teenager. Many U.S. insurance carriers have a 750k to 1 million dollar liability limit on their auto policies and then the amount above that is picked up on an Umbrella Policy if you choose to have one. For me, the underlying amount below my umbrella policy is 1 million. My first insured year here (car wise) I paid 434.00 for that 1 million coverage based on 15-20k miles per year. The next year my mileage increased to 20-25k per year and my premium increased 6 dollars to 440.00. The next year (which just started a few weeks ago) my mileage increased to their 30-40k per year band and my premium increased to 480.00 per year. Given your location, liability amount, and that you're paying for collision, your rate doesn't seem high.

My zip code here in Texas = low crime rate . It is almost exactly the same as Calabasas/Hidden Hills in California.

[edmscan]

^^^^ .. the insurance company usually is interested if you drive your car to work. Then .. they charge you more as statistically you are more likely to get into an accident coming to and from work. They do ask how many miles you drive but you are not required to prove it. And really it doesn't seem to save you much if you drive few km's.

There are lots of questions (and you cannot obviously lie or they will deny you in the event of a claim) .. but really they are not that concerned with the total mileage you drive as you are not required to get your vehicle inspected (we have no annual inspections here) or submit your mileage to a registry. (The DMV as you have in the US is privately run here by "registries" and you are not required to tell them your mileage).

EDIT: .... if your vehicle is over 10 years old, you are required to supply your insurance company with a completed vehicle inspection report, which mainly deals with the safely features of the vehicle.

As far as collision .. from what I know it is not mandatory unless you are financing your car.

I am amazed at how little liability someone like tooter has .. like the MINIMUM here in Alberta is 100,000 and most insurance companies want 1 or 2 million in liability as a minimum.

You do pay either a higher rate if you live in a high crime area (like where I live .. boo). But if you live in a low crime area .. you would pay less as they figure you are less likely to file a claim. You are also really hit hard if you are a male (particularly a young male), females pay much lower rates for insurance.

I did see recently that the average rate for insurance here in Alberta is about 1200$ ... similar to what it is in Ontario, where the rates are slightly higher than here.

[nookandcrannycar]

Originally Posted by edmscan

^^^^ .. the insurance company usually is interested if you drive your car to work. Then .. they charge you more as statistically you are more likely to get into an accident coming to and from work. They do ask how many miles you drive but you are not required to prove it. And really it doesn't seem to save you much if you drive few km's.

There are lots of questions (and you cannot obviously lie or they will deny you in the event of a claim) .. but really they are not that concerned with the total mileage you drive as you are not required to get your vehicle inspected (we have no annual inspections here) or submit your mileage to a registry. (The DMV as you have in the US is privately run here by "registries" and you are not required to tell them your mileage).

EDIT: .... if your vehicle is over 10 years old, you are required to supply your insurance company with a completed vehicle inspection report, which mainly deals with the safely features of the vehicle.

As far as collision .. from what I know it is not mandatory unless you are financing your car.

I am amazed at how little liability someone like tooter has .. like the MINIMUM here in Alberta is 100,000 and most insurance companies want 1 or 2 million in liability as a minimum.

You do pay either a higher rate if you live in a high crime area (like where I live .. boo). But if you live in a low crime area .. you would pay less as they figure you are less likely to file a claim. You are also really hit hard if you are a male (particularly a young male), females pay much lower rates for insurance.

I did see recently that the average rate for insurance here in Alberta is about 1200$ ... similar to what it is in Ontario, where the rates are slightly higher than here.

Interesting. I don't think anyone in the U.S. looks at how much liability insurance someone carries as a moral or have it even if you don't have a pressing need kind of thing. I can only think of two reasons off the top of my head why one would want to carry much more than the minimum liability. One is if you have kids and or a stay at home spouse that you don't want a potential judgement to impede providing for, and the other reason is is you have an asset base that is outside of retirement accounts that you want to protect (outside retirement accounts because assets inside a retirement account are usually protected from judgements).

When I first got the policy I have the 'mileage verification discount' was built into it. Since then, when I've had to provide the mileage verification affidavit, it was (I was informed via letter) to keep the mileage discount. I could have not sent in the affidavit and kept coverage, I just wouldn't have gotten the discount. The insurance company might be fibbing to me that I'm getting a discount by providing it, but my rates are enough lower than any other company that it is plausible.

The vehicle inspection thing where the state keeps a record of the mileage is a state by state thing -- not national. I don't know how many states have it. Texas does. California doesn't. This is actually the ONLY ISSUE I've encountered where TEXAS IS MORE ORWELLIAN THAN CALIFORNIA.

In California, if your car is beyond a certain age/considered a classic I'm pretty sure it is exempt from smog requirements and at some point a 'special' plate can be issued. I think Texas has some sort of similar program, but I don't know how it works.