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July 30, 2009
Cost of BK Car Insurance?
Hi - Can anyone give me a ballpark figure of what it costs to insure a car in Brooklyn? I realize there are a lot of variables, but even just a range would be helpful. Assume it's an ordinary mid-range car (nothing luxurious), parked in a garage, not on the street.
(I've never owned a car and literally have no idea if we're talking 100s, 1000s, etc. per year...)
Thanks!!
Comments
"a ballpark figure of what it costs to insure a car in Brooklyn?"
A sh**tload.
Posted by: East New York at July 30, 2009 1:19 PM
I paid $650/ 6 mos for VM Golf in 2004-5
Posted by: cmu at July 30, 2009 1:25 PM
I pay about $1200 for good coverage through Geico.
Posted by: herkimermaid at July 30, 2009 1:26 PM
i pay around 1400 for 6 months full coverage with geico. not cheap
Posted by: guikazoid at July 30, 2009 1:42 PM
I pay 1,300 a year through Geico for liability only. I do have perfect 10 year record though so that does play a fact.
Posted by: Kensingtonian at July 30, 2009 2:27 PM
I pay $600/6 mo for old Audi A6 liability only coverage.
I am very careful to not get points on my records. If I get speeding ticket - I spend money on lawyer.
Posted by: bobjohn at July 30, 2009 2:27 PM
$149 per month = $1788 per year with Allstate for a 8 year old VW station wagon parked on the street. We have a $1000 deductible. Asking for a higher deductible (and NO GLASS coverage) will make your bill go down, but basically you are insuring a car in the most expensive place possible
Posted by: slopenick at July 30, 2009 2:54 PM
I pay $2200 a year for a 6 year old bmw ($184/month) on Allstate - but I also have my house insurance under them as well.
now after reading some of the above posts - I think I will call allstate and re-neg my rates!
Posted by: gemini10 at July 30, 2009 3:00 PM
Thanks all! This has been very helpful. We're debating making the switch to ownership from Zipcar--much as I am a fan of Zipcar, I feel like it's gotten quite expensive. A couple weekend rentals a month (esp. since we usually need their larger vehicles) seems to be getting close to the cost of ownership...
Posted by: Brownstonerlogin at July 30, 2009 3:02 PM
you might get from reading this that auto insurance is basically 2 part. Liability and collision.
Collision (optional as long as car is paid for) is mostly the bigger share and varies greatly by cost of auto insured/age of auto and drivers record and deductible.
Liability is required. Some people here are saying $100+ per month.
As new insuree you'll probably be on higher end. Easy enough to get quotes...once have model/make/etc of car.
Posted by: Petebklyn at July 30, 2009 3:20 PM
Geez, we pay $350 a month.
Posted by: mopar at July 30, 2009 4:43 PM
Yippee, we just got new insurance for $100/month. Well, that should help eliminate those late-night/early-morning, angst-filled conversations about how New York is just "too expensive" and we've got to find some other kind of employment.
THANK YOU FOR THIS POST.
Posted by: mopar at July 30, 2009 5:23 PM
we're paying about $600/year for liability ONLY for a 1994 toyota corolla. I'm surprised how much everyone else is paying, but we got the car for free, so there was no sense in getting comprehensive coverage.
In addition to low insurance costs, the great thing about a beater is that the two times our car was broken into, someone broke in and put stuff IN our car. Nothing was missing. Gotta love Brooklyn. Our car was broken into in Chelsea a few years back and they stole everything, including the @*#!)&$ cupholders, which cost more than $100 to replace.
Now you have to ask how much parking costs!
Posted by: brooklynstyle at July 30, 2009 5:37 PM
$1200 a year for full coverage through AIG now called 21st Century Insurance. 12 year old Volvo parked on the street, never made a claim, clean record. $500 deductible.
Posted by: IMBY at July 30, 2009 6:53 PM
Yu can get online quotes from companys such as geico, allstate, and progressive to get a ballpark.
We went through this process and one thing I can tell you is because you do not have previous insurance coverage, your premium will be 2-3X higher for your first year or so of coverage.
Posted by: newsouthsloper at July 30, 2009 8:08 PM
your insurance rate will also depend on whether you are a man or a woman and obviously what kind of car you drive. don't be fooled, even old honda beaters can have higher ins rates because used parts for them are in high demand. what other people said, if you can avoid comprehensive coverage, you will save A LOT. but any car that you finance will require comprehensive so consider buying a reliable used car in full. if you drive very little - as most city dwellers do - you can also get an "occasional driver" policy in which i think the limit is 7k or 10k miles per year max and your premium will be lower.
Posted by: bowl of dicks at July 30, 2009 10:35 PM
I pay about 3k per year for a fairly new BMW, full coverage, 250/500k liability, 1k deductible. W SF and we've been with them a long time.
But note what NSR says, if you don't have previous coverage you will have a lot more difficulty and will pay a lot more.
Also note what BOD says about the car. Your best bet, after you find someone to insure you, is to go to them with three of four cars that you are thinking about and ask which one is the cheapest.
I see not a single poster has mentioned how much liability they have. If you are or plan to be a homeowner, make sure you do not just take the standard 10/20k liability coverage. If you get in a serious accident, you will not have enough coverage and could lose your home and other assets.
Get 250/500k liability and a separate umbrella policy that will cover add'l liability on your other policies as well, homeowners etc., to a million dollars.
Posted by: denton at July 31, 2009 7:39 AM
Again, thanks everyone for all these details and your varying perspectives!
Posted by: Brownstonerlogin at July 31, 2009 8:29 AM
After years of criminally overpriced insurance from Allstate, 7th Ave Park Slope location, which I initially began to support a local business (this was in 1988, before Geico AFAIK) I switched to Geico five years ago and get hugely better service for $600 a year, bare bones, parked in street, less than half Allstate was charging IIRC, for the same coverage and a much smoother experience. Now I'm not condescended to when I have a question about something, and it doesn't get incorrectly answered by a POed secretary in front of a 1979 computer.
Posted by: jland at July 31, 2009 11:12 AM
As you can see from all posts above, you really can't get an accurate idea based on what everyone else has. There are many variables incuding type of coverage, driving record, location, age, gender, and sometimes members of household and credit come into play. You also may be able to get discounts if you have other products with a company. I represent several auto insurers. If you are interested, feel free to call my office:
Narrows Insurance Agency
(718) 745-1500
Posted by: WSNarrows at July 31, 2009 12:57 PM
I think we paid around $700/6 months but we gave up ownership about a year ago when our lease was up and now use zipcars and avis and sometimes enterprise. One last point as you consider the math on this. Although zipcar and car rentals are criminally expensive in this city, owning a car also leads to a long list of incidental expenses from registration fees to parking garages (don't forget tips) and tickets (I got two in one year despite being extremely careful and storing in a garage) to oil changes and car washes and inspections and tires and occasionally repairs. As far as I can tell from having been on both sides, there is virtually no way to come out ahead on owning unless you literally use the car three weekends out of every four, year round, for things that you would otherwise need to rent for. Now if you're willing to pay for the convenience, that's another matter.
Posted by: zgori at July 31, 2009 3:16 PM
The real information bring to you also on the Best Car Insurance free Quotes, Guides, including Tips hire:
http://www.car-insurance-freequotes.com/
Posted by: yo2n at August 1, 2009 4:21 AM
Oh dear, yo2n, if you didn't put this site, your, in your profile I would almost say there was a .001% chance that it wasn't just a shill for your typical insurance broker's site, on your only post here ever.
Thanks for playing, though.
PS: "The real information bring to you also on the Best Car Insurance free Quotes, Guides, including Tips hire" sounds like a parody of a fractured Nigerian email scam letter as written by the Onion. Was good for a hearty laugh, I'll admit.
Posted by: jland at August 1, 2009 11:30 AM
I work for State Farm, please call me if you would like to get a quote. Sophie 718 609 5600.
Posted by: zm at August 3, 2009 9:31 AM
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