This afternoon I checked my online banking information, and saw a quarterly deduction for my Jeep Wrangler.
This is for a paid-off 2003 Jeep Wrangler Sport soft-top. I have a clean driving record, aside from one speeding ticket in Illinois nearly two years ago (I am 38 y/o). This is the same insurance company I have been with for twenty years.
I think paying $1140/year is a bit ridiculous.
Am I off? Would anyone care to share?
FYI - this is the same insurance company I have my home through, so there is a "discount" here for multi-line. And, the Jeep is my only vehicle.
Yea, that's a bit nuts. We switched and combined insurance at the time, but I think they were estimating something around $70/month ($840/year) for my 2014 when I was trying to calculate the full cost of the new vehicle. 33 Male, single, clean record.
5 vehicles at the house. All of them with State Farm. The house is with State Farm also. With all of the discounts they offer plus My wife and I have clean driving records my yearly cost is $6500.00. That is $1300.00 per vehicle per year. We have some the highest rates in the nation. So if I am looking to buy a play toy I am looking at a minimum of a thousand dollars.
It ain't easy being cheesy:
Sometimes I make decisions like famous people.
George Armstrong Custer "lets go over that hill, I think those are friendly indians!"
Titanic's Captain Smith "What icebergs? Full speed ahead!"
20 years with the same insurance company only is good for them. In my experience going shopping every few years for new insurance is a good idea. Otherwise rates just sneak up year after year. With teenage driver (male) in the house, some companies wanted more than $8000/year to cover my five cars. My current insurance through AAA is just over $3400/year (full coverage, $500 ded, no glass). The '14 JK is the newest and cheapest of the bunch by a small amount (~550/yr). Of course, the teenager is limited to one non-sporty vehicle and the JK is not it. Seeing the previous post...State Farm was one of the companies wanting the high premiums (not the $8k, though). Three different SF agents came up with three significantly different quotes using the same information/coverage requirements. It pays to shop around for insurance, but the super cut rate stuff is not a bargain either. Buyer beware!