80% of the car's value. A car that's been in 10 accidents is worth significantly less than one without any, therefore each and every accident lowers its value. It would get written off long, long before 30I don't know what I pay, as I'm under my mom's insurance... but I did learn today that the way my insurance works, my car's only considered totaled if the cost of ONE incident is 80% or more of the current market value of the car... I could be in 30 major accidents that only cause 70% of the car's value in damage and it still wouldn't be considered totaled LOL
Same here...but been driving for 28 years...crap I'm old. :grin:I pay 130 a month. Been driving for 12 years, clean record, and I have the policy that dictates that if my car is written off in the first three years of ownership, they put me into a brand new one with no fuss.
You're young, the car is small, it's a Hyundai (for some reason Hyundais have always had higher premiums than their competitors from my experience) and it's the cheapest Hyundai at that. The likelihood of having to write off one of these cars off after an accident is far greater than say, a midsize car. Plus smaller cars pose a higher risk of injuries, that whole laws of physics thing gets us. :mellow:So guys I have a clean driving record but am 23 and insurance rates for my gs is ridiculas, whats the deal, what are u paying
True dat! I went from $55 to $80 back down to $70 where it is now just from moving from VA to NM. All on the same $500 deductible. Don't worry mdsniper, once you hit 25 those insurance rates will be a nice birthday present for you. Just keep your driving record clean. :thumbsup:There are other variables to consider before throwing insurance rates around. Age, most people know about (we are both over 60 with clean records), but where you own your car is another one. We live in rural IL, and the rates are going to be different from what they would be if we lived in Chicago. Also, it's informative to put in the deductible, as a deductible of $1000 (what we carry) will drop the rates way down. We pay about $50 per month per car on an '02 and an '04.