LEAF Insurance prices too high?
- Thread starter hondalove650
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Randy
Well-known member
LEAFfan said:
My $287 quote from Ameriprise for 6 months was for my 2011 Nissan LEAF and my 2000 Honda Odyssey van, which is rarely used. I am the only driver, and have a very clean record.
Glenn
Well-known member
Randy, is the @287 for both cars or for each car? If it's for both, that's an unbelievable deal!!Randy said:
cgaydos
Well-known member
Just going to chime in that with auto insurance every situation is different and you really should shop at least 5 companies to find the best for your situation. Do keep in mind that not all insurance companies are equal in terms of how they treat claims or the degree to which they will restore a relatively new car to new condition, and ask about those policies up front. Some insurance companies are closer to what my friend calls "insurance in name only" ... meaning they give you a policy so you can be in compliance with state laws requiring insurance but you can expect challenges if/when you file a claim.
In my case coincident with the lease of our first LEAF I shopped for auto insurance because my insurer of nearly 30 years, Liberty Mutual, had suddenly jacked up rates through the roof over the past 2-3 years (there are numerous articles on the web regarding them doing this across the board). I preferred a reputable insurer with a local agent so checked with State Farm, Farmers, American Family, and two others I can't remember right now. Interestingly, 4 of the 5 gave really low prices on the LEAF relative to our ICE cars, even though it was much, much newer. Only State Farm didn't have an especially low LEAF rate, but their overall rate was the best and they had the best service in their office so I went with them.
In my case coincident with the lease of our first LEAF I shopped for auto insurance because my insurer of nearly 30 years, Liberty Mutual, had suddenly jacked up rates through the roof over the past 2-3 years (there are numerous articles on the web regarding them doing this across the board). I preferred a reputable insurer with a local agent so checked with State Farm, Farmers, American Family, and two others I can't remember right now. Interestingly, 4 of the 5 gave really low prices on the LEAF relative to our ICE cars, even though it was much, much newer. Only State Farm didn't have an especially low LEAF rate, but their overall rate was the best and they had the best service in their office so I went with them.
Valdemar
Well-known member
cgaydos said:
To prove your point about shopping around Liberty Mutual actually gave me the best rate here in SoCal, I'm currently paying $1,032/year for 100/300/100, 1k deductible for c/c, 25/50 uninsured motorist coverage
Randy
Well-known member
Glenn said:
That was for both cars, same coverage. The price went from $520 down to $287 every 6 months...I have referred others to Ameriprise and most have also received much lower quotes as well...Some did not, and there doesn't seem to be a reason why...
So like the poster said above, your mileage may vary....
NYLEAF
Well-known member
I'm so jealous of all the prices you guys are sharing. I'm currently shopping for car insurance, and so far, the best I've been quoted is Geico at $373/mo (yes, per month, not every 6 months) for the Leaf and a 2012 Altima. Not sure how it breaks down per car. Part of it is because I have my parents on the policy, and my father has had two accidents in the past 5 years, plus I had a comp claim on the car that I had before the Leaf. So, three claims in 5 years. I just turned 25 a few months ago, so I can only imagine what the quote would be if I was younger. The only other decent quote was Progressive at $415/mo. The rest of the companies were coming in at around $500 to $800 per month.
AustinOski
Member
Another factor I've not seen mentioned in this thread is location. The OP is in SF, CA. I'm from that area originally and rates are high there, especially if you're in SF proper.
NYLEAF, same for you. I once moved from NYC to Hoboken, NJ and my rates went down over $100 per month (clean driving record, 15 year old car, 39 y.o.).
NYLEAF, same for you. I once moved from NYC to Hoboken, NJ and my rates went down over $100 per month (clean driving record, 15 year old car, 39 y.o.).
WMTribe90
Active member
I purchased a 2013 Leaf about one year after purchasing a 2012 Odyssey. The purchase prices were almost identical. The cost to insure the Leaf was $200/yr more than the Odyssey for the same coverages. When I questioned my insurance agent, she said the higher rate was due to the scarcity of replacement costs for the Leaf.
I do plan on shopping around. It appears from this thread that some Leaf owners were able to get rates comparable to ICE rates.
I do plan on shopping around. It appears from this thread that some Leaf owners were able to get rates comparable to ICE rates.
hondalove650
Member
NYLEAF said:
I feel your pain my friend. If i cant find equivalent insurance to my existing car i dont think ill get a LEAF just yet, which sucks but it is what it is
cgaydos
Well-known member
NYLEAF said:
That's nuts. One advantage of working with local agents was I was able to ask them to identify the factors that led to higher rates. You might try the same - they can figure it out by trying different parameters on the quote.
One thing I learned is that insurance companies basically share ALL info on you over the past N years - they had details of a homeowner claim I made in 2006, of a car claim in 2007, and of traffic tickets for my wife and me from 2007.
The other thing I learned is that you can adjust prices a surprising amount by adjusting coverage levels - again, something a local agent can play with to find the optimum for you.
But once you do that, get quotes from several with the exact same coverage parameters so that you are comparing apples to apples.
UBUYGAS
Well-known member
$323 per month with Geico for 3 cars
2013 Leaf, 2013 Prius C and 2003 Hyundai Elantra GT
All have full coverage. Highest protection they offer. I'm a home owner in NJ. People sue you out here. You need the highest protection.
I am a Costco member. I should call them and see if I save anything by insuring my house and cars all under one policy.
2013 Leaf, 2013 Prius C and 2003 Hyundai Elantra GT
All have full coverage. Highest protection they offer. I'm a home owner in NJ. People sue you out here. You need the highest protection.
I am a Costco member. I should call them and see if I save anything by insuring my house and cars all under one policy.
CMYK4Life
Well-known member
I pay around $200 more annually than I did before.
EatsShootsandLeafs
Well-known member
- Joined
- Aug 24, 2012
- Messages
- 716
My insurance is comparable to the Prius I had. If it's higher, it's not much. Very inexpensive.
martyv
Well-known member
I've also had excellent rates and service from Ameriprise through Costco. If you're a Costco member, give them a shot!
For me, adding the Leaf with collision and comp will cost $260 for 6 months (I have 5 other cars on the policy; 3 teenage drivers but all clean records!)
cheers,
Marty
For me, adding the Leaf with collision and comp will cost $260 for 6 months (I have 5 other cars on the policy; 3 teenage drivers but all clean records!)
cheers,
Marty
My insurance company is charging me 50% more to cover my Leaf than my Civic, which is 25% higher than the rate on my Pathfinder and my Mustang GT. The savings between EV and gas cars is minimal at best. I think I'll try to sell my Leaf at this point, I'm gonna lose my a** on this deal.
jswilson
Member
Hmmm - I got a 5% discount off my insurance up here in Canada for having a green vehicle. Ended up being cheaper than any other car I've ever had...
Compdoc777
Member
lion said:
I was with Allstate 25 years since 1987. I had a good rate but they kept raising it every year. I was paying $195 per month with my 12 Armada and 01 Expedition. One full coverage and one liability. When I bought the Leaf they said my insurance would go up to $230 a month replacing the Armada.
I got a quote from Geico. $135 per month both leaf and expedition cars fully covered with twice the coverage road side assistance and rental car at $50 a day. I asked my agent from Allstate who said don't let the door hit you...
Seriously now I am with Geico now. They really did save me more than $500 a year.
Also Allstate with the accident forgiveness and great driving discount, cash back for each year with great driving. None of that applied to me of course a customer of 25 years. It amazing how companies treat loyal customers.
