eurofag here
I read some insanely high numbers about car insurance in the US
are they true, or they were always talking about extra, non mandatory insurance that someone chooses just for benefits that it brings, and not because forced by the government to cover damages caused
So, what would be annual cost of absolutely basic insurance for some cheaper hyundai?
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i'm 27 and i insure a 2012 civic for a little under $100 a month for full coverage
but that's through usaa, who is always cheaper
geico used to charge me 250 a month, fuck that noise
>for full coverage
what does that mean
do they cover damages caused to you by someone else?
>geico used to charge me 250 a month, fuck that noise
I read similar numbers
but why would that ever work on somebody?
its $3000 annually, means in ~5 years you pay for the whole god damn car
Depends on the state, depends on if you've financed, etc.
With my cars, I always finance with a bunch of money down for stupid low payments. But because I finance, most credit unions/banks will not back a loan without full coverage (meaning they get their money back if the car is totaled). I get full coverage + gap coverage, meaning I get the full some of money borrowed back and I can walk away with nothing owed if the car is totaled.
My insurance payment is relatively high because of this on my G37. It falls into "Luxury sedan" category so it's about $170/mo for all of the bells and whistles as far as coverage goes.
Say if I had the minimum liability coverage, basically covering only damage to other things rather than my car; It could be about $80-110 depending on driving record, accident history, etc.
Comprehensive coverage is a nice thing to have just in case a river accidentallys your whole car or something. Trust me.
>minimum liability coverage, basically covering only damage to other things rather than my car; It could be about $80-110
still seems extremely high to me
especially when I see how cheap the cars are in the US around here
if they insure 1000 people that means they annually 1 mil off of them
and out of those 1000 people, there will be like ~20 accidents per year ranging from small shit to totalled, but still easily covered
...
Depends on what you want. We've got 3 older trucks on liability for $25 each. We don't drive like jackasses and they're old enough to not care if they get totaled or damaged. My truck took 2 hits, them at fault and i made off with $2000 in total. Still damage on it but i jerry rigged them and they look ok. Helps when they have full coverage tho.
That's based on my area and age though. I just turned 25 yesterday, which in the states means a huge drop in insurance costs. I'll have to re-evaluate my policy with my agent and re-math how much minimum would be.
If I didn't live near Cincinnati, OH which is a major traffic incident area (big fucking surprise, fucking ohio drivers), my insurance would be lower. All of that factors into how much you pay.
High risk = High Payment
If I lived where I grew up more toward the countryside, my payment would probably be $70/mo or some shit. Which is pocket change.
>$25 each
yeah, that sounds almost reasonable
it just not clicking in my brain, somewhere there must be scam on americans
>slovakia, eastern europe
>100€ annually for mandatory liability insurance
people would not pay more if for few years of paying insurance you can actually buy a new car
and we have lots of insurance companies
and they dont seem to be losing money
even though cars are bit more expensive
and parts are similar in price
yeah, work is cheap, but still
if insurance companies make profit in our country, then there must be some huge profit river in the US with those insurance prices. Unless rate of accidents is completely different and everyone bumps in to each other at least once every couple of years
>what does that mean
Not him but at least in Germany we have 3 kinds of vehicle insurances
- minimum is mandatory and covers damage caused by you to others
- partial coverage is optional and will pay damage on your car caused by weather, theft, wild damage or electrical damage with fire and short circuits
- full coverage includes everything above, vandalism and damage on own car caused by you
I'm 21, own a '90 miata and pay 310€ a year for mandatory insurance what is incredibly cheap. Usual prices for my age are over 800€ year
Well in america we had 100x the number of fatalities from vehicle related incidents in 2013 compared to slovakia
I'm sure there is some reasoning behind the difference. Not to mention the difference in inflation and shit. Vehicles are expensive here.