Are there any companies that may be friendlier to the Quad? From what I have seen GEICO is quoting me ~2K per year in Massachusetts which is as much as my other 3 daily drivers combined.
dantm
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9,636 Posts
So.... At the beginning of 2022 the insurance industry forecasters said prices would go up 4% due to "reasons". Turns out nationally they went up more like 9%.
2023 they are already forecasting an additional 7%.... So yeah, insurance on a new car just might cost 3x what it has previously cost, now. If recent history holds insurance may go up 14% or more, considering real life more then doubled forecasts last year.
Depending, remember those are averages, some regions, companies will be higher, some lower. (PA sounds brutal)
Regardless... Be doing annual insurance contracts, not 6 month renewals right now.
Guys and gals.... All the talk... The truth is EVs are a lot more to repair, do a lot more property damage in accidents due to the weight, and in the event of an at fault for the EV, medical bills and such for the other driver are higher, then there is the entier fire thing that everyone is tired of hearing about. There's a reason EVs are more to insure then ICE cars.
Now understand given the way the insurance industry works by spreading out risk, those higher rates aren't just for EVs and the more EVs that sell... The worse it will get. Whoopie for the future of 5-10,000 lb vehicles with 3 second or lower 0-60 and a chassis unable to handle it, brakes that overheat easy...
Now... Get ready for it to start effecting home insurance. IMO as soon as the companies start seeing fires from improperly installed home chargers, or chargers on old homes with bad wiring - which is inevitable - home insurance will start going up too. Kinda has to.
2023 they are already forecasting an additional 7%.... So yeah, insurance on a new car just might cost 3x what it has previously cost, now. If recent history holds insurance may go up 14% or more, considering real life more then doubled forecasts last year.
Depending, remember those are averages, some regions, companies will be higher, some lower. (PA sounds brutal)
Regardless... Be doing annual insurance contracts, not 6 month renewals right now.
Guys and gals.... All the talk... The truth is EVs are a lot more to repair, do a lot more property damage in accidents due to the weight, and in the event of an at fault for the EV, medical bills and such for the other driver are higher, then there is the entier fire thing that everyone is tired of hearing about. There's a reason EVs are more to insure then ICE cars.
Now understand given the way the insurance industry works by spreading out risk, those higher rates aren't just for EVs and the more EVs that sell... The worse it will get. Whoopie for the future of 5-10,000 lb vehicles with 3 second or lower 0-60 and a chassis unable to handle it, brakes that overheat easy...
Now... Get ready for it to start effecting home insurance. IMO as soon as the companies start seeing fires from improperly installed home chargers, or chargers on old homes with bad wiring - which is inevitable - home insurance will start going up too. Kinda has to.
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9,636 Posts
The company matters too..but matching it to your driving type and where you are in life.
The cheapest that aren't fly-by-night company's often won't even accept you if there are tickets, want you to own a home and be married ... (Every insurance company wants you to not be a single male)
Which means, the insurance company that gave you the best rate when you had tickets on your record ... Won't give the best rate once they fall off.
Same things quite often with other major life changes, ie: marriage, moving, aging - you, spouse and children, etc. As any of these things change it's good to shop insurance.
Totally understand why people don't though. Personally I hate it even if just going through website quotes.
The cheapest that aren't fly-by-night company's often won't even accept you if there are tickets, want you to own a home and be married ... (Every insurance company wants you to not be a single male)
Which means, the insurance company that gave you the best rate when you had tickets on your record ... Won't give the best rate once they fall off.
Same things quite often with other major life changes, ie: marriage, moving, aging - you, spouse and children, etc. As any of these things change it's good to shop insurance.
Totally understand why people don't though. Personally I hate it even if just going through website quotes.
Joined
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9,636 Posts
Joined
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9,636 Posts
When getting quotes for the 4cyl... Be 100% positive they aren't quoting the QV.
Several companies did that to me when I got quotes originally. Since I have checked my rate and had the same issue.
Several companies did that to me when I got quotes originally. Since I have checked my rate and had the same issue.
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9,636 Posts
Not to be political, but ...
Geico has it's own PAC.
But doesn't lobby anymore (at one point they were a top company). Thier PAC contributes primarily to Republicans but there is a small amount sent to Dems too.
Progressive supossedly doesn't lobby at all. They also don't have their own PAC and generally don't contribute to political campaigns.
...... But they did contribute a bunch to the Democrats for the 2020 election.....
USAA
Nationwide
State Farm
Allstate
Liberty Mutual
Travelers
are the top contributors to political lobby organizations.
If that stuff matters at all. To anyone.
Personally advertising bothers me less then that stuff and both influence rates for sure.
Geico has it's own PAC.
But doesn't lobby anymore (at one point they were a top company). Thier PAC contributes primarily to Republicans but there is a small amount sent to Dems too.
Progressive supossedly doesn't lobby at all. They also don't have their own PAC and generally don't contribute to political campaigns.
...... But they did contribute a bunch to the Democrats for the 2020 election.....
USAA
Nationwide
State Farm
Allstate
Liberty Mutual
Travelers
are the top contributors to political lobby organizations.
If that stuff matters at all. To anyone.
Personally advertising bothers me less then that stuff and both influence rates for sure.
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