Bay Area auto insurance

Intel uQfk14
Jul 2 15 Comments

2 cars, 2 drivers, both cars are ~10 years old sedans, current resale value for both would be 12-13k max. No at-fault accidents or tickets for both drivers. All state charges 160 per month. Paying close to 2000/year for our cars which are only 12-13k (together) worth seems very high. Each car is driven 35 miles every weekday. Are we overcovered or overcharged? How much are you paying? Which provider? Appreciate any inputs.

Bay Area auto insurance

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TOP 15 Comments
  • Google FfEA67
    Seems about right. As poster above said, injury liability is a big part of it and a big factor there is your location and driving circumstances.

    Try metromile if you don’t drive much.
    Jul 2 1
    • Intel uQfk14
      OP
      Each car is driven 35 miles per day. Will checkout metromile though
      Jul 3
  • Facebook public2
    Up your damage and make sure your umbrella covers your assets. After that if you want to lower the rate up your deductible. 500 is very low.
    Jul 2 2
    • Intel uQfk14
      OP
      What are some typical numbers for these? 50,000 property damage, 1000 deductible?
      Jul 2
    • Facebook public2
      Your numbers are great if not low. 30k is the min in ca. Deductible is up to you but moving it to a couple thousand will save you a ton.
      Jul 2
  • Intel
    BOBBY_AXE

    Intel

    BIO
    Bobby Axelrod. CEO, Axe Cap. NYC
    BOBBY_AXEmore
    Most of the cost is in 2 things:
    Zip code. Bay area is $$$$.
    100/300/100 coverage. Costs a lot to insure a lot. I would not change this. In bay area you can hit a 90k Tesla on every corner. Dont be underinsured.
    But if the cars are 10+ years old and barely worth 10-12k, and you can afford to sell insure for self-caused accidents (betting on yourself), then I would drop collision on both cars and raise comp to 1000$ just for theft. This is what I do. Saves a lot. And I have a newer '14 and '07 vehicles. But no accidents in 20+ years and betting I won't anytime soon. Otherwise simply shop around.
    Jul 2 0
  • NetApp kdkt
    I had exact same coverage(collision/comprehensive $500) for 2 cars, 2 drivers. Car 1: 4 year old and car 2: 12 years old.

    When I had “All state” insurance I used to pay ~$1900 per year. I moved to progressive with the same coverage and now I pay ~$1350 :)

    Keep shopping for good quote:)
    Jul 2 2
    • Intel uQfk14
      OP
      I am planning to call Geico and Progressive tomorrow
      Jul 3
    • Cisco / IT lkc@it
      What are your liability limits and property damage?
      6d
  • LinkedIn LOLmanCOW
    Most of it is for liability...
    Jul 2 0
  • AMD Ryzen
    I would suggest trying out Gabi. Its a startup which compares insurance. Basically a marketplace. Which would give you similar quotes based on policy document you upload. No agents or emails. Let me know if you want a referral.
    Jul 2 2
    • Intel uQfk14
      OP
      I just submitted my info over there 30 mins back. Would have used your link if I’d known before.
      Jul 3
    • Apple ch3tp24
      Need referral
      Jul 3
  • Cisco / IT lkc@it
    Make liability 500/500 and property damage 100k and take umbrella if you own house. Most of the cost is collision make 1k deduct
    6d 0
  • Samsung statarb
    Price varies by estimated miles driven. Some insurance companies offer discounts on your primary car — the one you drive to work 5 days a week. You might want to make the more expensive one your primary. As others have pointed out, your rate is competitive.
    Jul 3 0