4 ms·

> 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 Porsch

by louthy 3y 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?

lotsofpulp 3y 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.
aidenn0 3y ago
I have comprehensive insurance for my car and it's about $850/yr. I'm also in California, but not near SF.
renewiltord 3y 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?
- louthy 3y ago
  > How much do you pay? About $1100 (comprehensive). I’ve never made a claim and have no speeding points, so I guess I get a good rate; but the OP rate still seemed pretty high for the model.
  - renewiltord 3y ago
    I got Geico to make me a quote for this Porsche 911 https://www.carfax.com/vehicle/WP0AC2A90KS149357 https://www.carfax.com/vehicle/WP0AC2A90KS149357 and it comes to about $4.4k where I am. And if I added this Porsche 911 https://www.carfax.com/vehicle/WP0CA29984S653662 https://www.carfax.com/vehicle/WP0CA29984S653662 it goes to $1.8k. So I suppose it comes down to driver risk in the end since my car is only $32k, not $200k like yours.
    - dingaling 3y ago
      The majority of cost risk in insurance is that of third parties, not the value of your own vehicle. People often say "the insurance costs more than my car is worth!" as if it's scandalous. But what it's insuring you against, primarily, is the risk of paying millions of $CURRENCY in medical fees to the third party. Your car's value is peanuts in comparison.
      - lotsofpulp 3y ago
        I have always maxed out my liability insurance (what my insurance company would have to pay others in case it was my fault), and I have a spotless driving record, and it has always been $40 to $50 per month for 5k miles per year. Comprehensive and collision, what your insurance company pays you regardless of who is at fault, is what cases insurance to be expensive in my experience.

by louthy 3y ago

lotsofpulp 3y 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.

aidenn0 3y ago

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

renewiltord 3y 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?

louthy 3y ago
> How much do you pay? About $1100 (comprehensive). I’ve never made a claim and have no speeding points, so I guess I get a good rate; but the OP rate still seemed pretty high for the model.
- renewiltord 3y ago
  I got Geico to make me a quote for this Porsche 911 https://www.carfax.com/vehicle/WP0AC2A90KS149357 https://www.carfax.com/vehicle/WP0AC2A90KS149357 and it comes to about $4.4k where I am. And if I added this Porsche 911 https://www.carfax.com/vehicle/WP0CA29984S653662 https://www.carfax.com/vehicle/WP0CA29984S653662 it goes to $1.8k. So I suppose it comes down to driver risk in the end since my car is only $32k, not $200k like yours.
  - dingaling 3y ago
    The majority of cost risk in insurance is that of third parties, not the value of your own vehicle. People often say "the insurance costs more than my car is worth!" as if it's scandalous. But what it's insuring you against, primarily, is the risk of paying millions of $CURRENCY in medical fees to the third party. Your car's value is peanuts in comparison.
    - lotsofpulp 3y ago
      I have always maxed out my liability insurance (what my insurance company would have to pay others in case it was my fault), and I have a spotless driving record, and it has always been $40 to $50 per month for 5k miles per year. Comprehensive and collision, what your insurance company pays you regardless of who is at fault, is what cases insurance to be expensive in my experience.