Thread: Grand prix insurance mystery...

I want to know what people are paying for their insurance.
tell me your age, sex, vehicle, year, insurance provider, deductible and monthly payment.

EXAMPLE "this is mine"

24
male
grand prix gt
2007
Progressive
1000 dollar deductible
128 dollars a month

I think I'm playing WAY to much. Also I have a clean record.

Lemme know what you thing.

Yes full coverage, also I'm 25 tomorrow november.18th

Originally Posted by stealthee

I don't know why these threads pop up all the time.

Someone telling you what they pay isn't going to help you. Insurance is based on age, value of car, driving record, usage of car, zip code where car is parked, provider, optional coverages, and so on and so on.

My mother has a 04gtp and pays 50 a month for full coverage with a 100 dollar deductible. I have the same car just a couple years newer and I'm posting 128 a month with a 1000 dollar deductible. Is my insurance really gunna drop that much when I'm 25? "tomorrow"

Age: 24
Sex: Male
Marital status: Married
Vehicle(s): Regal GS, GP GTP
Vehicle Year(s): 2000, 2004
Company: Nationwide/Allied
Coverage: Collision, Uninsured Motorist, Roadside Assistance
Deductible: $250 for UM, $500 for at-fault collision.
Price: $1008/yr, $84/mo

----------------------------------------------------------

Yeah, i think you're paying too much.

(I work in auto insurance developing rating algorithms)

First off, coverage varies GREATLY state to state... The same insurance in NJ is about 5 times what it is in Michigan... Its crazy.

Secondly, many MANY MANNNNNNY factors go into insurance. My company will give you a 46% discount if you have a stellar credits score. Also one of the base location rates if you lived across the street from my company are 3-5times less than what you would pay if you lived 3 miles down the road.

The new auto algorithm I am building takes in account 38 input factors to generate an auto rate... and in the world of auto insurance my company is quite simple when it comes to inputs.

Originally Posted by darkhorizon

Secondly, many MANY MANNNNNNY factors go into insurance. My company will give you a 46% discount if you have a stellar credits score. Also one of the base location rates if you lived across the street from my company are 3-5times less than what you would pay if you lived 3 miles down the road.

My zip code appears to be high risk, but i do get driving class discounts for the wife and i, Multi-policy, Multi-car discount, Alarm system at home discount.

Originally Posted by Iceman6669

MI insurance is Nucking Futs... Dam no fault.

28 Male
1997 GTP (insurance rates it as a GT)
PLPD no idea what my deductibles are.

$80

Michigan has been historically quite low, but there are some really bad hot spots in the urban areas that have some downright crazy high rates. For most of us suburb dwelling people we see some fairly normal rates right in the middle of the national average over the last few years. The insurance rates in michigan are not so much being driven by the nofault clause, its crazy personal injury laws (currently Michigan requires all drivers to purchase unlimited value personal injury protection) that makes your auto rates so high. Also there is a direct relation to the amount of claims made as there is to the state of the economy... More poor people = more claim volume and larger claim dollar amounts.

1997 GTP (insurance rates it as a GT)

I tried this out in our system the other day.. its not true.... all GTP's are rated the same as GT's at least in our data source. You may find that anyone that uses the data source we use will rate the same way as well.

You guys would all be extremely surprised to learn how insurance companies actually operate at a loss most of the time.. This year alone the average profit for all Michigan P+C insurance companies was a 9% loss.

I have:

Full Coverage w/$250 deduct on my 00GPGT
Full Coverage w/$250 deduct on my 03 CV Sport
liability, uninsured, prop. damage/bodily injury on both my 95 Bonneville and 87 Nissan Stanza
Accident-free, multi-car, married, over 30, home policy w/ same company

$136/month- $1,632/yr

Been w/ State Farm since I started driving back in '94. Considering how many cars I have insured (I had 6 at one point a few years back) I don't think that's totally out of line.

And yes, it does seem to vary. Luckily my ins. didn't go up when my wife Nascar'd our 95 Thunderbird into the concrete bridge guardrail. They even gave me a good price after I bought it back (after deduct walked away w/ $3200 and kept the car). We'll see what happens when I get it back on the road and reinsure it.

Originally Posted by Remnant King

I don't know about that, I do know that Dearborn is probably the number one most expensive place in all of Michigan for Auto Insurance. Not Dearborn, the 48126 zip code.

Ill look it up tomorrow and see about where it lays.