Automotive

Anyone insurance went up?

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  • May 2nd, 2019 7:22 pm
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[OP]
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Apr 4, 2017
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Toronto

Anyone insurance went up?

Been driving Chevy volt for 2years now and my insurance went up by $500/year. 1600/year for 2100/year...

Hadlve no claim, not tickets ,no accidents, nothing.

BelAir said it has to do with Canadian data thry receive and there have been more incidents with Chevy volt.

Wtf? Crazy...
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Apr 6, 2008
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ysl5710 wrote: Been driving Chevy volt for 2years now and my insurance went up by $500/year. 1600/year for 2100/year...

Hadlve no claim, not tickets ,no accidents, nothing.

BelAir said it has to do with Canadian data thry receive and there have been more incidents with Chevy volt.

Wtf? Crazy...
Is this year 2 with Belair? They are famous for low introductory rates and jack them up in year 2. Every year at renewal time, set aside an hour or two, and call up every company for a quote. I do it every year, and save pretty much every year. Coseco/Cooperators has an electric vehicle discount, not sure if the Volt qualifies.
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May 11, 2009
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Time to shop around!

If it's true, the small number of them on the roads likely means even a small increase in claims will disproportionately affect the car's standing.

Remember it's also quite an expensive vehicle pre-rebate, non-warranty parts/service are costly, and it's also discontinued. Not what greedy insurance companies want people driving. But they're greedy insurance companies, so they'll screw you regardless.
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[OP]
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Apr 4, 2017
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They stopped making the volt. Insurance company said it's because there has been more claims reported on the volt model.

I think it's bullshit.
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Jan 17, 2009
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ysl5710 wrote: They stopped making the volt. Insurance company said it's because there has been more claims reported on the volt model.

I think it's bullshit.
Insurance prices are definitely based on claims with that particular vehicle, cost of those payouts, etc. The fact that they stopped making the vehicle and there's not a lot of them out there a small amount of claims can definitely impact the price you pay.

That's why high end luxury cars can cost less to insure than a civic. As a real world example the 2 door version of the GTI is 25% more expensive to insure than the 4 door when i was pricing them out.
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Feb 11, 2007
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Ecsta wrote: Insurance prices are definitely based on claims with that particular vehicle, cost of those payouts, etc. The fact that they stopped making the vehicle and there's not a lot of them out there a small amount of claims can definitely impact the price you pay.

That's why high end luxury cars can cost less to insure than a civic. As a real world example the 2 door version of the GTI is 25% more expensive to insure than the 4 door when i was pricing them out.
Pretty sure that's because they generally rate 2-dr coupes as riskier than 4-dr cars. Probably a carryover from how most 2-dr coupes tend to be sportier cars and not driven by families.
My 2-dr, 180hp BMW coupe is rated by insurance as a "high performance vehicle". I lol'd at them because minivan's have 100hp+ more power. Guess I should get a 400hp 4dr M5.
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Sep 21, 2011
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Never even thought of that that the electric cars these days would be more for insurance because of the repair parts that are mostly unavailable. Tesla and volt owners are like I save 700.00 in gas a year using the electric but ice car people are like ya you pay an extra 1200.00 a year insurance lol because it more of a risk and may take months to finding parts lol.
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shawn01 wrote: Never even thought of that that the electric cars these days would be more for insurance because of the repair parts that are mostly unavailable. Tesla and volt owners are like I save 700.00 in gas a year using the electric but ice car people are like ya you pay an extra 1200.00 a year insurance lol because it more of a risk and may take months to finding parts lol.
You don't really buy a Tesla to save money. If you want to save money you get a cheap Toyota Echo. Are they really paying $1200 over a comparable car though? A Model S is comparable to a BMW M5, I doubt the insurance rates are higher on a Tesla, but wouldn't be surprised given they're relatively new with massive amounts of torque. They basically have hypercar performance off the line with 2 seconds 0-60mph.
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ysl5710 wrote: Been driving Chevy volt for 2years now and my insurance went up by $500/year. 1600/year for 2100/year...

Hadlve no claim, not tickets ,no accidents, nothing.

BelAir said it has to do with Canadian data thry receive and there have been more incidents with Chevy volt.

Wtf? Crazy...
Same here 2017 Volt no claims. $900 to $1450. Crazy.

Anyways doesn't matter anymore. Ordered a Model 3 SR+ and my insurance will be down back to $950 for a car that cost 2x the Volt.
RFD Admins All Drive Teslas. You should Too!
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Redscott wrote: Same here 2017 Volt no claims. $900 to $1450. Crazy.

Anyways doesn't matter anymore. Ordered a Model 3 SR+ and my insurance will be down back to $950 for a car that cost 2x the Volt.
Hopefully the same thing doesn't happen with the Model 3.
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Mar 25, 2005
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ysl5710 wrote: Been driving Chevy volt for 2years now and my insurance went up by $500/year. 1600/year for 2100/year...

Hadlve no claim, not tickets ,no accidents, nothing.

BelAir said it has to do with Canadian data thry receive and there have been more incidents with Chevy volt.

Wtf? Crazy...
You can use CLEAR to provide some direction on claim costs.

Looks like the 2017 has a DCPD index of 200, must be one expensive car to repair.
http://www.ibc.ca/ns/auto/buying-auto-i ... measure-up
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Dec 11, 2005
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Ecsta wrote: Insurance prices are definitely based on claims with that particular vehicle, cost of those payouts, etc. The fact that they stopped making the vehicle and there's not a lot of them out there a small amount of claims can definitely impact the price you pay.

That's why high end luxury cars can cost less to insure than a civic. As a real world example the 2 door version of the GTI is 25% more expensive to insure than the 4 door when i was pricing them out.
Sorry just trying to understand why a luxury would cost less to ensure?
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Aug 22, 2011
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TorontoEh wrote: Sorry just trying to understand why a luxury would cost less to ensure?
Less on the road.
But his comparison of a Honda Civic (one of the best selling vehicle) is a bad example.
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Jul 26, 2007
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Redscott wrote: Same here 2017 Volt no claims. $900 to $1450. Crazy.

Anyways doesn't matter anymore. Ordered a Model 3 SR+ and my insurance will be down back to $950 for a car that cost 2x the Volt.
Are you with belair?
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Apr 6, 2008
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TorontoEh wrote:
Sorry just trying to understand why a luxury would cost less to ensure?
Owners also maintain them and don't drive as recklessly. They also cause less injury to occupants, it's much cheaper to replace a car rather then pay for years and years of therapy to get rid of injuries. Years ago I was considering a Corvette, they are one of the cheapest cars to insure. Mainly old guys drive them, and most of them are off the road in the winter.
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Wow I didn;t know that, thanks fusion2k2k and vkizle. But I wonder if that's only in certain provinces and not necessarily everyone's experience? I do remember being quoted lower for a luxury (lexus) and high for our other civic.
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