Flatfoot
5 Year Member
Insurance Wtf
- Thread starter stykthyn
- Start date
Yes and no, as a whole yes we are in the top ten I bet, also what county you live in, like I will pay less here in polk county than I would if I lived in hillsbourgh or miami/dade
Real time recon
Mustang Master
Flatfoot
5 Year Member
I live in Santa Rosa county (second to the last county west side of the panhandle). I would think that would be similar to Polk County. Still cheaper than regular insurance on it. It was up near $1000 a year. Take what I can get I guess.
You should see what we pay up here in Mass. Before collector car insurance was allowed, all you could do was regular insurance. So when I had my Infiniti and Fox, I was quoted $1800/yr on the Infiniti, and $1900/yr for the Fox. This was with a perfect, clean record and in my 30's.
No way was I paying $4k/yr, so the fox sat in storage.
These days, between my wife and I and our 3 cars total we pay $2600/yr. Of course it also helps that she pays for her own car. Our homeowner insurance is around $1200/yr. Unsure how that stacks up against rest of country. Our real-estate is overpriced so I'm sure it's high.
fredfifty
5 Year Member
Common misconception. They charge you mortgage insurance no matter how much equity you have. When I went over 20% equity, they changed the name from PMI....to whatever, and charged me 10% less. The housing bubble collapse dug so deep that the days of plopping down 20% to avoid mortgage insurance are gone. I still made the right choice. Even though I had no where near 20% to put down, rental rates have gone up to almost triple what my mortgage is since I bought this house. I would have no car parts money if I continued to rent.
Kurt
I'm going to take an ass beating on it no matter what. An RS with an insurance claim on it will never command any resale value. I hate the blue, but if I trade it in, I will be going for it. It depends on a few factors, how high the DOV appraisal is, how good the repair job is, and if there are any left by the time it's repaired. I totally believe that the wrong color can get you in an accident. No one has ever hit me in my bright yellow Mustang, and I've had this car for nearly 20 years. Next car I buy is going to be safety orange.
Kurt
This a regional thing? Im over 20% equity and have no PMI or any sort of mortgage insurance.
This a regional thing? Im over 20% equity and have no PMI or any sort of mortgage insurance.
It is. I live in Georgia where the mortgage default rate is extremely high. Even with an 834 beacon score I have to pay mortgage insurance.
Kurt
Kurt, I would check that around. I am one hour from you, 811 credit score, no PMI.
Joe
fredfifty
5 Year Member
i hear you, i live near san francisco, and rent is so wtf that there are several working aged adults (who drive) that live in one sfh just to pay the rent (which is on average 3400-4k/month)...on top of that, no
ing parking anywhere and no one uses their garage for a car but rather turn it into an unpermitted in law. its bananas man
I thought MA real estate was nuts, and then I spent a weekend in San Fran. Holy hell I don't know how anyway can afford to live there any more.
An hour away is relative. The rules of real estate: location, location, location. Is that an hour away at 7am or 3am?
Kurt
has anyone filed a claim from either company? been reading about all the driving restrictions (i.e. if you are on a pleasure cruise but stop at a store to pick up some groceries on the way home you now may not be covered because it changed the dynamic of the trip and you now are using the car to run errands etc) and it has me a little concerned...i am going to call them up tomorrow and ask some pertinent questions but just wondering if anyone has had any issues with either company. My Haggerty quote was a touch over $1k and for the same coverage from Grundy was $350...
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