Comments on: Question of the Week: How Much Do You Spend on Auto Insurance?

By: MyFinancialObjectives

MyFinancialObjectives — Thu, 01 Jan 1970 00:00:00 +0000

$1172 a year for a 99 Ford Contour. I think it may be time to do a little shopping around…..I do have Geico…

By: Money Funk

Money Funk — Thu, 01 Jan 1970 00:00:00 +0000

My little ole’ 2005 Hyundai Accent costs me under $600 for full coverage liability insurance. Love Wawanesa. Awesome prices and customer service.

Now that my son is almost hitting his driving age… I fear the day I call my insurance company to ask how much. *eeks*

By: Mike

Mike — Thu, 01 Jan 1970 00:00:00 +0000

What is everyone’s threshold for dropping down to liability only on a car? I’m think it might be time on my 1999 F-150.

By: Liane

Liane — Thu, 01 Jan 1970 00:00:00 +0000

We pay $1300 a year for four vehicles with liability coverage only. We also have two teenagers. We get credit for not having any accidents/losses; for being homeowners; for having multi-cars. I shopped around a couple of months ago and no one could come within $300 of our premium. Nice!

By: Abigail

Abigail — Thu, 01 Jan 1970 00:00:00 +0000

We drive a 2001 Chrysler Cavalier. My husband had had his license revoked when he couldn’t pay a judgment against him. So now he’s on SR-22 insurance, but we have him as an occasional driver. So we pay about $340 every 6 months.

By: Jon

Jon — Thu, 01 Jan 1970 00:00:00 +0000

We were doing full coverage on a 2004 Saturn Ion and 2001 Mazda 626 for around $1100. Now we have dropped comp and collision on just the Mazda and we are down around $800.

By: Jason Unger

Jason Unger — Thu, 01 Jan 1970 00:00:00 +0000

We spend a ton less. For two cars (2008 scion and 1997 tercel) it’s about $1400 per year. It helps that the Tercel isn’t worth much, and that I work a home — so it doesn’t get used that often.

By: PT

PT — Thu, 01 Jan 1970 00:00:00 +0000

@Ron – The study said minivans were the cheapest to insure.

By: PT

PT — Thu, 01 Jan 1970 00:00:00 +0000

@KC – I would agree that those numbers in the chart seem high, even if you were to factor in multi-car discounts.

By: KC

KC — Thu, 01 Jan 1970 00:00:00 +0000

$1700 per year for a 2008 Nissan Altima and a 2009 Nissa Frontier truck through esurance. We’ve had them for the last few years and have never had a problem. I even had a guy who wanted to sue me b/c I rearended him (going about 5 miles an hour on a parked freeway!) but esurance took care of it and my rates weren’t even raised. Yay! From the numbers you posted, some folks are getting ripped off!