What is your Monthly Payments?

[baagel]

This is strange as State Farm is usually one of the more expensive companies in insurance comparisons. Maybe they deserve another look

Out here in SoCal everything is gonna be way more expensive. Also have State Farm and auto insurance is about $200 monthly with multiple line discount.

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[SoDakMk5]

This is strange as State Farm is usually one of the more expensive companies in insurance comparisons. Maybe they deserve another look

If u have multiple policies it really helps

 

[Octane]

2022 Supra 3.0 premium

Paid $50k up front.
Wanted to take out a car loan instead of paying it off right away to build the credit even more.
1.9% APR.

Pay about $110 a month for the car
$60 a month for insurance.

 

[A90Enemy]

1.19% Apr for 72 months. Got the car for $52k for a 21 3.0 premium with cf mirrors. Insurance is $61 a month for full coverage with 250k/500k limits and 500 deductible

this is insane im 23 live in miami and have a clean driving record and been with insurance since 16 including company insurance and i pay 245 a month 500 deductible

 

[Cptnslo]

this is insane im 23 live in miami and have a clean driving record and been with insurance since 16 including company insurance and i pay 245 a month 500 deductible

Holy shit, age has to be part of that. I’m 32 and my insurance is currently 732/ 6 months but I am switching to progressive and it’s going down to 630/6 months

 

[Mason]

this is insane im 23 live in miami and have a clean driving record and been with insurance since 16 including company insurance and i pay 245 a month 500 deductible

I’m 21 clean record paying 250 a month on a $2,000 deductible plan. I asked them about mod coverage, they told me it’ll go up 300%-400%!!!!

 

[obito]

I’m 21 clean record paying 250 a month on a $2,000 deductible plan. I asked them about mod coverage, they told me it’ll go up 300%-400%!!!!

Yeah, I don’t know what their exact criteria is for dropping rates to what older members on here have, but definitely seems like the case for all performance car drivers under 25.

 

[Deleted member 7042]

Yeah, I don’t know what their exact criteria is for dropping rates to what older members on here have, but definitely seems like the case for all performance car drivers under 25.

100000%
Under 25/30 + 2 door sports car + 300hp = high risk premium


... and I hate to say this part, but after working in technology for insurance companies long enough, the risk models they create are highly accurate

 

[zrk]

100000%
Under 25/30 + 2 door sports car + 300hp = high risk premium


... and I hate to say this part, but after working in technology for insurance companies long enough, the risk models they create are highly accurate

I had a friend that worked at AIG on their data science team for a while... Holy shit the models are accurate.

 

[XtremeMaC]

Are the people who buy red cars in higher risk category

 

[obito]

I had a friend that worked at AIG on their data science team for a while... Holy shit the models are accurate.

Yep, they are. I proved that model right once. ? Never again. Like tuning, driving a Supra in your early 20s is pay to play

 

[Mason]

Yup I’ll probably crash it and lose 30k worth of mods soon enough

 

[Zupra1776]

How are so many people under 25 even affording the car... let alone the insurance!

 

[zrk]

How are so many people under 25 even affording the car... let alone the insurance!

0 down, 7% interest rates. lol.

 

[Evolution]

How are so many people under 25 even affording the car... let alone the insurance!

No house payment?

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