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Thread: Cheapest to own

  1. #21
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    Quote Originally Posted by Top_Fuel View Post
    No doubt. Guys...if you have any assets at all, pony-up for better coverage. When you t-bone a Tesla tomorrow and your $25K of coverage is paid out to cover $50K of damages, guess who's going to get sued for the difference? If you live in your parent's basement and your only asset is your iPhone, you may be OK. But if you've got equity in a house, savings, etc...then talk to your insurance agent about more substantial coverage.
    Especially in L.A. where the streets are filled with 50k plus dollar cars leveraged to the hilt by ppl who have no business in a 50k plus dollar car!



  2. #22
    Senior Member Cobrajet's Avatar
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    Quote Originally Posted by Pryme View Post
    Especially in L.A. where the streets are filled with 50k plus dollar cars leveraged to the hilt by ppl who have no business in a 50k plus dollar car!
    Absolutely. About 7-8 years ago, I was a renter. But I still had 100/300/100 insurance coverage. Way more than I thought I needed. Was sure glad I had it when that old man walked out in front of me and I hit him.

    Cost my insurance company over $100,000. You don't think it's going to happen to you until it happens to you.

  3. #23
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    Quote Originally Posted by Cobrajet View Post
    Absolutely. About 7-8 years ago, I was a renter. But I still had 100/300/100 insurance coverage. Way more than I thought I needed. Was sure glad I had it when that old man walked out in front of me and I hit him.

    Cost my insurance company over $100,000. You don't think it's going to happen to you until it happens to you.

    You guys have really good sales men at the insurance office! How much did you pay for that 100/300/100?
    2018 Mirage G4 1.2 ES CVT
    2017 Mirage G4 1.2 ES CVT Smartphone Link Display Audio (SDA) System
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    2000 Mirage DE 1.8 Auto

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        click to view fuel log View my fuel log 2017 Mirage G4 ES CVT 1.2 automatic: 42.0 mpg (US) ... 17.9 km/L ... 5.6 L/100 km ... 50.4 mpg (Imp)


  4. #24
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    Quote Originally Posted by remusrm View Post
    You guys have really good sales men at the insurance office! How much did you pay for that 100/300/100?
    No, we just explained why it's better to be properly insured.
    My mirage is 268 every 6mo with those coverages.

    It doesn't add an enormous amount to your premium.

    When I was younger I was more likely to go with low coverages though as the premiums were more due to younger age.

  5. #25
    Senior Member Top_Fuel's Avatar
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    Quote Originally Posted by remusrm View Post
    How much did you pay for that 100/300/100?
    I'll quote an LA Times article on the subject...

    Interestingly, it doesn't cost all that much more to dramatically increase coverage. Boosting liability coverage from the state's minimums to $100,000 per person for bodily injury, $300,000 per accident and $50,000 property damage--or about 10 times the state minimum--would add about $200 to the average annual premium, according to State Farm actuaries.
    Source: Low-Liability Auto Coverage Is a Good Deal--if You Don't Have Much to Lose

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        click to view fuel log View my fuel log 2015 Mirage ES 1.2 manual: 51.3 mpg (US) ... 21.8 km/L ... 4.6 L/100 km ... 61.7 mpg (Imp)


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    We recently had the insurance discussion in our household the cars are cheap to run, fuel, etc. The insurance is higher for decent coverage. Personally reliability and warranty are more important to us and we are willing to pay a little more in insurance in trade to have reliable vehicles and like I posted elsewhere on the forum the cars are easily totaled and that is one of the reasons insurance is higher. I can speak from experience driving around in a perfect vehicle that another person ruined that crashed into you once they are repaired they are never the same.

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    Why is a Mirage insurance higher than for other vehicles?

    AFAIK in the Netherlands only the weight of a vehicle is important for the insurance rates. As the Mirage is light, it is also cheap to insure. I pay €170 a year for civil liability (inc taxes). Don't know the exact coverage, but the legal minimum is 1million/5million/1million.
    If my insurance can supply that for that price, why can't an US insurance do the same?

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        click to view fuel log View my fuel log 2013 Space Star Cleartec Intense 1.0 manual: 52.3 mpg (US) ... 22.2 km/L ... 4.5 L/100 km ... 62.8 mpg (Imp)


  8. #28
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    Quote Originally Posted by Space Wolf View Post
    Why is a Mirage insurance higher than for other vehicles?

    AFAIK in the Netherlands only the weight of a vehicle is important for the insurance rates. As the Mirage is light, it is also cheap to insure. I pay €170 a year for civil liability (inc taxes). Don't know the exact coverage, but the legal minimum is 1million/5million/1million.
    If my insurance can supply that for that price, why can't an US insurance do the same?
    Lol that's a whole different discussion.

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  10. #29
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    Quote Originally Posted by remusrm View Post
    small? CA is 15/30 min.
    My province used to have uninsured motorist for about $16/year. The province would pay out on your behalf the first $15k. You had to pay them back.

    It's retarded that I need 200k minimum on a motorbike, yes I might hit a pedestrian but fast enugh and I'll be toast too.


    Zero, my 2014 ES Plus gone but not forgotten. We're driving the Beetle of the 21st century

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        click to view fuel log View my fuel log 2017 Mirage ES PLus 1.2 manual: 39.0 mpg (US) ... 16.6 km/L ... 6.0 L/100 km ... 46.8 mpg (Imp)


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