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I live in Chicago and I believe I am getting scammed on my Insurance on my Panamera S. I currently pay about 250 a month. I really think that's way to high. Any suggestions? I have gotten different quotes from the 3 major insurance company and I just think it way too high.
If you've gotten three comparable insurance coverage quotes and you feel they are all too high, then perhaps you need to:
a) sell your car and get a different one
b) move to a area/state with a more favorable consumer insurance climate
c) increase your deductibles and review all the lines of your coverage for appropriateness
and/or d) check your driving record for inaccuracies
What I pay in Virginia has zero bearing on what you pay in Illinois... (I pay 80% less than you btw)
If you've gotten three comparable insurance coverage quotes and you feel they are all too high, then perhaps you need to: a) sell your car and get a different one b) move to a area/state with a more favorable consumer insurance climate c) increase your deductibles and review all the lines of your coverage for appropriateness and/or d) check your driving record for inaccuracies What I pay in Virginia has zero bearing on what you pay in Illinois... (I pay 80% less than you btw) $0.02
You pay 80% less than 250 a month? For a Panamera??? Oh really, does it have a tree growing in the middle of it? Even in "Appalachia" the rates aren't that low.
You pay 80% less than 250 a month? For a Panamera??? Oh really, does it have a tree growing in the middle of it? Even in "Appalachia" the rates aren't that low.
Come on man.
Where we going, man?
Maybe its my great credit? Or great driving record? Or the fact that I don't live in a virtual third-world area?
In fact, I don't pay $3,000 annually for an entire fleet of pretty nice vehicles.
Maybe they'll cut you a break if you don't pay your premiums in installments?
EDIT: I just figured it out... it's got to be my stunning good looks! lolol
This reminds me of the odd thing with insurance. Few months back, I changed my address from San Jose to Berkeley and my rate went up. Driving in SJ is worse than Berkeley but that's just weird. It should go down instead of go up.
Insurance rates are highly variable, and the cost of the car is only one part of the equation. In fact, an expensive car can actually reduce the liability portion of insurance, since owners of said cars are older, and less likely to do something stupid that will result in the insurance company having to pay a liability claim.
Case in point, we own a Panamera S e Hybrid and a Cayman S. The Panamera's collision and comprehensive are higher, but the liability on the Panamera is 57% of the Cayman. The insurance company thinks the Cayman is more likely to be driven dangerously, and that increases costs across the board.
My annual premium for a Panamera S e Hybrid is $1,056 in Boston. That's 35% of the quoted $3000 / year. Collision and comprehensive, which are the portions affected by car value, total $804 / year of that $1,056.
I'm sure that the fact that I'm 49 and have no claims in the last 10 years has some bearing. It's actually longer than that, but insurance companies generally don't look back further than 10 years.
This reminds me of the odd thing with insurance. Few months back, I changed my address from San Jose to Berkeley and my rate went up. Driving in SJ is worse than Berkeley but that's just weird. It should go down instead of go up.
Berkeley's pretty bad. Berkeley is full of beat up Volvos and VWs. Maybe they don't get many cars like yours there.
YAH RLY. Insurance rates are highly variable, and the cost of the car is only one part of the equation. In fact, an expensive car can actually reduce the liability portion of insurance, since owners of said cars are older, and less likely to do something stupid that will result in the insurance company having to pay a liability claim. Case in point, we own a Panamera S e Hybrid and a Cayman S. The Panamera's collision and comprehensive are higher, but the liability on the Panamera is 57% of the Cayman. The insurance company thinks the Cayman is more likely to be driven dangerously, and that increases costs across the board. My annual premium for a Panamera S e Hybrid is $1,056 in Boston. That's 35% of the quoted $3000 / year. Collision and comprehensive, which are the portions affected by car value, total $804 / year of that $1,056. I'm sure that the fact that I'm 49 and have no claims in the last 10 years has some bearing. It's actually longer than that, but insurance companies generally don't look back further than 10 years.
Right bro , but your still not paying 50 bucks a month for a Panermera S . I'm also 49 years old. Ins premium vary, but there is not an "80%" difference based on locale. I wish you wouldn't edit people's posts in that manner. I was responding to the fella that said he was paying 80% less. You know , because he has a "fleet of cars". Some of us know better than that.
Right bro , but your still not paying 50 bucks a month for a Panermera S . I'm also 49 years old. Ins premium vary, but there is not an "80%" difference based on locale. I wish you wouldn't edit people's posts in that manner. I was responding to the fella that said he was paying 80% less. You know , because he has a "fleet of cars". Some of us know better than that.
Ok. Champ.
Maybe I should hire a CPA or an MBA to analyze my insurance bill, Oh wait, I don't need to...... #someofusmakeagoodlivingworkingwithnumbers
Keep trollin' hard my friend. It's gotta be safer than roaming around that lovely city you inhabit.
Oh, and I was being totally serious about my advise to avoid installments... it's a bad idea. Pay cash, bro. It's the only the way to go. Especially with toys.
Ok. Champ. Maybe I should hire a CPA or an MBA to analyze my insurance bill, Oh wait, I don't need to...... #someofusmakeagoodlivingworkingwithnumbers Keep trollin' hard my friend. It's gotta be safer than roaming around that lovely city you inhabit. Oh, and I was being totally serious about my advise to avoid installments... it's a bad idea. Pay cash, bro. It's the only the way to go. Especially with toys.
Well, insults will get you nowhere. Not sure why you felt that was trolling , but ok.
Your advise was fine, but that wasn't the point of my post. Good luck with your Panamera S Hybrid, nice choice.
Yeah, I dunno, something about "Appalachia" and "tree growing through it." Or maybe it was the whole issue of questioning my truthfulness or ability to perform a simple calculation. I hereby certify that this scan is at least as authentic as Obama's HI birth record.
Yes , your right, I should not have said that , sorry. Your not going to believe this, but I just got rid of Encompass and I pay more with Allstate. I'm not going to tell you why.
Sorry about that Ace, I will not do that to you anymore , my fault. Good luck with your cars.
Yes , your right, I should not have said that , sorry. Your not going to believe this, but I just got rid of Encompass and I pay more with Allstate. I'm not going to tell you why.
Sorry about that Ace, I will not do that to you anymore , my fault. Good luck with your cars.
It's all good.
Encompass excels at some things, and fails miserably at others. I'm yet to find a perfect insurer.
but your still not paying 50 bucks a month for a Panermera S .
I'm paying $88 / month for a 2015 S e Hybrid. My point was that 20% was pretty credible given that I'm paying 35% and I did not go with the lowest bidder, and Boston is hardly the cheapest insurance market. I'm currently using Liberty because I didn't really trust Progressive or eSurance if I ever actually had to file a claim. I don't have those quotes handy anymore, but they were low enough that I don't have any trouble believing $50 / month, particularly with multi-car discounts.
I didn't "edit your post." I quoted the relevant part - the part where you called him a liar because, well, as you said "some of know better than that," which was doubling down on the accusation.
To be honest, I was surprised at how low my insurance cost for the Panamera ended up being. I was paying almost as much for my Supra Turbo, and I'm pretty sure they weren't valuing the car correctly since the real market value was a lot higher than you'd think for a 16 year old car. I don't have any of my old insurance statements around, but I think the collision was only $200 or so and the difference was all liability.
