$400???? – I just may have to do that. I have a 2006 Jeep and my annual premium with full coverage is $2200. a year & I live 30 minutes North of Manhattan. Nebraska sounds like the place to insure cars!
I am paying an average of $539 annually for each of my three cars, ’97 Acura, ’03 Jeep Grand Cherokee and ’03 MINI Cooper. Don’t assume that all of New York is that expensive. As someone pointed out, upstaters, like myself, help the averages.
Everyone fails to notice this was for $5,000 Liability. It did not provide physical damage to the vehicle and for $5000 of Liability that was high and today you purchase higher limits of liabiity probably for less.
Well, how many insurance companies out there are still in business after 110 years? I think that this is quite an achievement for a major insurance carrier and a good reason to purchase insurance from Travelers. They will be there for you when you need them.
As far as the cost, what many do not mention is that your driving/accident record has a lot to do with what you pay for insurance. And that is in your control!
I live 20 minutes from downtown Chicago and the premiums for each of my 3 cars is $400 or less per year per vehicle. That’s with a $100 collision ded and no comp deductibe. The rates are low because Illinois is a tort state…which means the politicians and lawyers haven’t mucked up the insurance environment the way they have in New York, New Jersey, Florida and Michigan where they have convinced consumers that No Fault is in the consumer’s best interest. The only ones that benefit from No Fault are the ambulance chasing attorneys and the docs they partner with to drive up medical bills to match the policy limits your politicians have legislated. Reform starts at the voting booth.
Comments by fools as demonstrated above. When a business is party to a monopoly, unregulated, and cost to the consumer far exceeds business expense, it’s small wonder they’re still in business 110+ years.
I wish I only paid $821.00 a yr to insure my vehicle. Are they sure they included the New York Tri-State area in that survey?
For once the upstaters skew the results in their favor…
Need to move to the midwest I pay only $400 a year in Nebraska.
$400???? – I just may have to do that. I have a 2006 Jeep and my annual premium with full coverage is $2200. a year & I live 30 minutes North of Manhattan. Nebraska sounds like the place to insure cars!
AS AN AGENT LET ME TELL YOU THERE ARE SO MANY FACTORS GOING INTO RATES THAT IT’LL MAKE YOU HEAD SPIN. NOT AS EASY AS 1-2-3 ANYMORE.
What states comprise the $821? Certainly not NJ, unless you’re insuring a “clunker” for liability only.
When I am elected your President. This is one of then things I will look to CHANGE. And that is CHANGE for the better
Hey Tom Greco:
It’s $400 because you can’t do much damage running into a hay bale. What else is there to run into in Nebraska?
I am paying an average of $539 annually for each of my three cars, ’97 Acura, ’03 Jeep Grand Cherokee and ’03 MINI Cooper. Don’t assume that all of New York is that expensive. As someone pointed out, upstaters, like myself, help the averages.
Reason it is so inexpensive in Nebraska is that the lawyer to people ratio is probably 1/500 vs. NY at 2 to 1.
Everyone fails to notice this was for $5,000 Liability. It did not provide physical damage to the vehicle and for $5000 of Liability that was high and today you purchase higher limits of liabiity probably for less.
Hope this doesn’t mean we’re going to see an influx of NYC vehicles all of a sudden garaged in Albany or better yet, Nebraska!
“erra” sorry Barack but you ain’t getting elected. $800 just outside Philly sounds about right…with a 500 CSL and 2M Umbrella.
Some of the nuts who post on this site probably believe that Travelers has not paid claims made for that term yet.
The trouble with averages is exactly that: they are averages, not medians, maximums or minimums….averages!
If we all realize that they are averages, what’s the big deal? I don’t get what you’re driving at.
Well, how many insurance companies out there are still in business after 110 years? I think that this is quite an achievement for a major insurance carrier and a good reason to purchase insurance from Travelers. They will be there for you when you need them.
As far as the cost, what many do not mention is that your driving/accident record has a lot to do with what you pay for insurance. And that is in your control!
Don’t forget your credit rating…
I live 20 minutes from downtown Chicago and the premiums for each of my 3 cars is $400 or less per year per vehicle. That’s with a $100 collision ded and no comp deductibe. The rates are low because Illinois is a tort state…which means the politicians and lawyers haven’t mucked up the insurance environment the way they have in New York, New Jersey, Florida and Michigan where they have convinced consumers that No Fault is in the consumer’s best interest. The only ones that benefit from No Fault are the ambulance chasing attorneys and the docs they partner with to drive up medical bills to match the policy limits your politicians have legislated. Reform starts at the voting booth.
Comments by fools as demonstrated above. When a business is party to a monopoly, unregulated, and cost to the consumer far exceeds business expense, it’s small wonder they’re still in business 110+ years.
Except, they are highly regulated and their operating margins are well below traditional retail margins. Please do your homework. I did.