mountainsoft
Thinks s/he gets paid by the post
My wife and I both renewed our auto insurance recently:
Me: 56 years old
Car: 2000 VW jetta
Insurer: State Farm
Rate: $175 for 6 month policy (no coverage on my car)
Wife: 52 years old
Car: 2004 VW Jetta
Insurer: State Farm
Rate: $165 for 6 month policy (no coverage on her car)
Our rates have actually gone down in recent years, despite buying "newer" cars. It doesn't make sense to pay for full coverage on cars as old as ours.
This weekend my mother-in-law was telling us about her auto insurance.
MIL: 82 year old female
Car: 2003 Toyota Camry
Insurer: Safeco
Rate: $520 for 6 month policy (full coverage)
I assumed rates would go up for older (riskier) seniors, but that seemed crazy to me. So I came home and got several quotes online for $500 to $800, and that was without full coverage. That really shocked me. She pays over $1000 a year for a $3000 car she drives less than 500 miles per year!
So, I'm curious what kind of rates you pay at your age. Is my mother-in-law just an outlier case, or can we expect these kinds of rates later in life too.
Me: 56 years old
Car: 2000 VW jetta
Insurer: State Farm
Rate: $175 for 6 month policy (no coverage on my car)
Wife: 52 years old
Car: 2004 VW Jetta
Insurer: State Farm
Rate: $165 for 6 month policy (no coverage on her car)
Our rates have actually gone down in recent years, despite buying "newer" cars. It doesn't make sense to pay for full coverage on cars as old as ours.
This weekend my mother-in-law was telling us about her auto insurance.
MIL: 82 year old female
Car: 2003 Toyota Camry
Insurer: Safeco
Rate: $520 for 6 month policy (full coverage)
I assumed rates would go up for older (riskier) seniors, but that seemed crazy to me. So I came home and got several quotes online for $500 to $800, and that was without full coverage. That really shocked me. She pays over $1000 a year for a $3000 car she drives less than 500 miles per year!
So, I'm curious what kind of rates you pay at your age. Is my mother-in-law just an outlier case, or can we expect these kinds of rates later in life too.