Insurance Discounts for C-MAXers

[roninsd]

Mine went up about $70/year (from a 2004 Vue).  I pay the same as my partner's 2010 aura.

[HPRifleman]

which company? and do you have multi-car or multi-line discounts?

Allstate. Two cars and homeowners.

[zhackwyatt]

You get what you pay for.  What is your agent's name at GEICO?  If you call twice, do you get the same answer?  I say, buy your insurance local.    If your company offers a hybrid discount, it will be applied without requesting it.  NOW PAY CLOSE ATTENTION.... Does your policy include replacement coverage for your vehicle in case of a total loss?   Does your policy pay for replacement of hybrid vehicle parts and labor in case of a partial loss without depreciation?  Does your policy provide road hazard tire coverage?  Does your policy provide emergency road service coverage?  Does your policy provide a deductible waiver for glass breakage? Coverage for accidental airbag deployment?  Trip interuption coverage?  Key replacement coverage?  Pet coverage? Coverage for a temporary replacement vehicle?  Auto loan/lease coverage in case you owe more than your car is worth if a total loss?  and on and on and on....  You get what you pay for and deserve better.   The newest hot item in the insurance industry is a black box device developed by Progressive insurance.  It instantly notifies them of your daily mileage and start/stop braking.  Hard braking and high mileage allows for no discounts or very little.  Soft braking and low mileage allows for up to 30% in additional discounts.  I have been an insurance agent for 37 years.

Maybe you can explain this to me then.  If I can always save money by switching Auto Insurance companies, which is what EVERY Auto Insurance company states on TV, why can't I just keep switching until it's free?!  :hysterical:  Sorry, you will now return to the program already in progress...

[Mr. Green Jeans]

Maybe you can explain this to me then.  If I can always save money by switching Auto Insurance companies, which is what EVERY Auto Insurance company states on TV, why can't I just keep switching until it's free?!  :hysterical:  Sorry, you will now return to the program already in progress...

I love the commercials that state that most drivers can save $500 or more by switching to them.  I keep thinking, cool, they will be paying me to buy their insurance! ;)

[salsaguy]

I noticed no one has said anything about State Farm yet

 

Here is what my State Farm insurance rep told me about the cost of insurance for the C-Max SEL 303a. (Note I get a lot of discounts due to my multi car and policy and loyalty)

 

I already have my 2012 VW Passat SEL and my wifes 1999 Toyota 4Runner Limited on our policy so the CMax would be the 3rd car.

 

AUTOMOBILE LIABILITY 15/30/25 =                  $126.78
MEDICAL PAYMENTS COVERAGE @ $1000 = $8.49
COMPREHENSIVE $500 DEDUCTIBLE ACV =   $57.03
COLLISION $500 DEDUCTIBLE ACV =              $188.13
EMERGENCY ROAD SERVICE =                       $2.64
R1 CAR RENTAL/TRAVEL

EXPENSES $16/DAY, $400 MAX =                      $10.08
UNINSURED MOTOR VEHICLE 15/30 =              $11.13
UNINSURED MTR VEH PROP DMG =                 $1.67

 

TOTAL OF 6 MONTH PREMIUM  =                      $405.95

 

MONTHLY PREMIUM (SERVICE CHARGE NOT INCLUDED)=  $67.66
 

APPLICABLE DISCOUNTS:

• MULTI-CAR DISCOUNT
• MULTIPLE LINE DISCOUNT
• GOOD DRIVER DISCOUNT
• LOYALTY DISCOUNT
• VEHICLE SAFETY

 

He stated I might not need the rental car coverage since we would have 3 cars so we could always drive the other if needed.

 

"As for the discount on Hybrids--it is basically built in to the pricing of each vehicle.
Insurance premiums are rated for each model, each trim line based upon their particular loss experience.

For example if a HONDA Civic DX had much fewer claims than a HONDA Civic LX, then the rating would be lower on the DX model.

Therefore if the hybrid models had less claims than gas models, the hybrids would be lower."
 

Edited June 2, 2013 by salsaguy

[Louder North]

Automatic 5% discount at The Co-Operators (Canada). 

[scottwood2]

Interesting.  I became married last year.  We have been with the same insurance for years but not married.  I was excited that I might get a discount for being married.  I asked my agent and he  thought there was.   When I asked again when I renewed the policy I was told that they only offer a discount for no dependents and you had to be single to get that.  

 

So the many years of meeting the requirements for no dependents and being single is now gone and I never received the discount.   :drop: :drop:

 

Insurance companies are great as long as you give them money and don't ask for anything back. 

[kostby]

I worked for an independent Property & Casualty insurance company in the 1990's, and although I worked in Information Technology, I took several free insurance classes to understand the products the company was selling.

 

End-user auto insurance pricing is one of the dark arts, and some companies and agents do their best to keep these details obscured behind cutesy commercials, obtuse policy language, pricey add-on coverages that offer little consumer benefit while boosting company profitability, duplicate coverages that might be cheaper from another source, unintelligible vehicle ratings symbols, and coverage exclusions that even an attorney could have trouble deciphering.

 

IF the average consumer believes that it is 'too complicated' to understand, they need to trust their local agent to sell them coverages they truly need at a fair price. The lowest price is not always the best value. The true value of insurance isn't apparent until a claim is made. Fair, efficient claims handling outweighs everything else when you have a serious accident or loss.

 

Trustworthy independent insurance agents (and most of them are trustworthy, thankfully) do their best to sort through the quagmire and get insureds the best value available among the competing companies they represent. But not every company has the same products at the same prices, so taking time to shop before renewing, MIGHT save you a few dollars. Independent insurance companies may reward the local agent with incentives, including trips and other 'prizes' for sending 'good business' to the company. Sometimes independent agents 'move their whole book', that is, rewrite all their existing insurance business with a different company in order to 'win' these incentives.

 

'Good business' is defined as

1. customers who always pay premiums on time,

2. have no recent loss-experience, and no major losses, ever,

3. have a good driving record with no at-fault accidents,

4. have multiple policies with that same company (because more premium dollars are there to offset a loss)

5. ARE NOT high-risk because of multiple at-fault accents, DUI, or very young

6. have a good or great credit rating. 

 

Notice that none of these factors includes what vehicles you drive, how many miles you drive, where you park at night, how 'safe' your vehicles are, or how many are stolen each year.

 

If you want a peek at an old document that details some of the factors that affect auto insurance pricing, take a look here: http://www.casact.org/education/rpm/2009/handouts/boison.pdf