Cities with cheap/expensive car insurance.....*OUCH*

sablescort

sablescort

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http://money.cnn.com/2004/03/22/pf/autos/insurance_by_place/index.htm

Poor Detroit residents having to pay almost 5,000 a year on insurance! I thought NYC was the most expensive to insure a car there but looks like I'm wrong.....

Priciest cities for
car insurance
City Annual
premium*
Detroit, MI $4,945
Philadelphia, PA $3,666
Newark, NJ $3,557
Los Angeles, CA $3,258
New York, NY $2,762
New Orleans, LA $2,539
Hartford, CT $2,488
Boston, MA $2,439
Miami, FL $2,406
Denver, CO $2,336

Cheapest cities for
car insurance
City Annual
premium*
Nashville, TN $978
Boise, ID $990
Richmond, VA $1,038
Burlington, VT $1,039
Evansville, IN $1,045
Cheyenne, WY $1,047
Henderson, KY $1,080
Grand Forks, ND $1,092
Austin, TX $1,115
Hinsdale, IL $1,118
*Cost for sedan driven by single male over age 30, married male 25 or older, or female 20 years of age and older.
Source: Runzheimer International
 
I'm a resident in michigan and my insurance isn't like near 5,000 so what kind of insurance is that? What kind of car? Why is it near 5k?
 
Last edited by a moderator:
I think michigan has a no fault law which make insurance cheaper
 
eternity said:
I'm a resident in michigan and my insurance isn't like near 5,000 so what kind of insurance is that? What kind of car? Why is it near 5k?
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Look the fine print how the researchers came up with the 5k figure...

*Cost for sedan driven by single male over age 30, married male 25 or older, or female 20 years of age and older.
Click to expand...

and the researchers concentrated on the downtown areas of each major city. If u lived out in the suburbs then ur insurance rate would be lower ..... :dunno: Also sedan = maybe a Taurus, Impala, Camry or Accord that would make the lowest possible.

Its just the averages that they can come up......
 
wow that must be some kind of mistake. i always thought ny and cali have most expensive car insurances. even in my county where i live has highest rank in death from accidents, mostly from young people under 25 to teens. i thought detriot was a lot cheaper lol well interesting research they have
 
I decided to dive into Runzheimer's site. They were the guys that came up with the $5k Detroit average.

http://www.runzheimer.com/corpc/news/scripts/011204.asp

At $4,945 per year for insurance coverage for a mid-size sedan driven within a 50-mile radius of the city, Detroit-areas drivers pay nearly $4,000 more a year than similar drivers in Nashville who pay only $978 for the same coverage. These rates are based on both male and female drivers over a minimum age with clean driving records and include comprehensive, collision, bodily injury, property damage, and uninsured motorist coverage.

“There’s really no mystery here,” according to David Freidlen, product development director and vehicle cost expert. Insurance companies set rates based on claims records. Fewer accidents, vehicle thefts, and collision damage repair bills in Nashville versus Detroit translate into much lower annual insurance premiums.”
Click to expand...
 
I am in 50 miles radius and my car is sedan so I'm paying almost 1,500 for every 6 months so it is not almost 5k. :smile:
 
In SLC, I pay 1.080$ a year for car insurance. :cool:

In New Jersey, I used to pay much more though. :thumbd:
 
kuifje75 said:
In SLC, I pay 1.080$ a year for car insurance. :cool:

In New Jersey, I used to pay much more though. :thumbd:
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huh... sounds odd to me.. since i pay $575 every 6 months for my car.. and its full coverage heh? however its $1150 per year.

insurance company damn greedy! richies...
 
Maybe it's because I am an older man (28 years old), no tickets since 1997, very few claims filed (I had accidents but none my fault), etc... And I don't pay it for one year, I pay it monthly 90 dollars. so 90$ x 12 = 1080$ a year.

In New Jersey, I used to pay 174$ a month though. Almost double!
 
Cleveland, Ohio-$465 per 6 months (approx..I don't recall)
Rochester, NY- $200 per 6 months (what a cheap insurance!!)
Las Vegas, NV- about $420 per 6 months
San Francisco-$1060 per 6 months...forget it..I cancelled Geico, switched to Mercury..it saved me tons of money...now, $484 per 6 months


What is the next?
 
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