Insurance costs revisited...

SubaruWrex · 03-24-2003, 09:52 PM

Ok... Just got back from renewing my insurance on my Legacy and while I was there I asked for a quote on what a 2003 WRX might cost me in insurance. Here it is:

Vehicle driven to school/work less than 15km one way and beyond that not more than 6 days per month.

Territory - Lower Mainland

CRS Level (??) - -6

Base costs:

Basic 3rd Party - 1291
2 Million Liability - 325
Collision (300) - 1966
Comprehensive (300) - 702
Replacement cost - 222
--------------------------------------
Total $4798 <----

Now I have 30% discount, so it'd be closer to $3240, but that's still pretty crazy... I recall seeing some ppl with far less yearly payments for their insurance...

The main costs seem to come from Collision and Comprehensive... telling me that too many people are wrapping these cars around poles or that they are extremely costly to repair...

anyways... just interested in people's thoughts and if they've got significantly cheaper insurance from places like Canada Direct....

I'm mainly interested in what other people are paying for in terms of collision and comprehensive for their WRX's...

Matt

* Registered users of the site do not see these ads.

alexs001 · 03-24-2003, 10:27 PM

FYI: CRS stands for Claim Rated Scale

WRXtrovert · 03-25-2003, 12:25 AM

I can't give you the exact breakdown, but my 2002 wrx insured for work and pleasure with 5m third party and minimum deductibles came in at just under $2000, all ICBC. One of the benefits of being an old man with a CRS of -18.

Koyo · 03-25-2003, 04:59 AM

So CRS is basically the age group you belong to then. How old are you Sub?

alexs001 · 03-25-2003, 10:13 AM

CRS is the number of years you have been driving without an at-fault claim on your record. Multiply it by 5% to get your discount.

Through some combination of circumstances, you can get up to a maximum 43% discount.

After so many years of safe driving, you get one free accident that they forgive also.

It's just too bad that every year the rate increase nullifies your extra discount.

SubaruWrex · 03-25-2003, 11:57 AM

ahhh.... ok then... that makes sense for the CRS... I'm 22 and have had 6 years then of clean driving... hence the 30%...

cdnav8r · 03-25-2003, 08:20 PM

Quote:

Originally posted by alexs001
CRS is the number of years you have been driving without an at-fault claim on your record. Multiply it by 5% to get your discount.

Quote:

Originally posted by SubaruWrex
ahhh.... ok then... that makes sense for the CRS... I'm 22 and have had 6 years then of clean driving... hence the 30%...

hold on a sec. I'm currently at 40% and have 7 years driving myself. Does that mean when I renew this year, my discount drops because of some new rules? Assuming the above quotes are true, that means 7 years x 5% = 35%?

I've had my 40% since 2000 so I would assume I would retain that, but the CRS thing you speak of would say otherwise.

alexs001 · 03-25-2003, 11:31 PM

Quote:

Originally posted by cdnav8r
hold on a sec. I'm currently at 40% and have 7 years driving myself. Does that mean when I renew this year, my discount drops because of some new rules? Assuming the above quotes are true, that means 7 years x 5% = 35%?

I've had my 40% since 2000 so I would assume I would retain that, but the CRS thing you speak of would say otherwise.

if you got that discount level before the rules were changed (couple years ago) then your rate is grandfathered in to the new system

cdnav8r · 03-26-2003, 01:45 AM

Quote:

Originally posted by alexs001
if you got that discount level before the rules were changed (couple years ago) then your rate is grandfathered in to the new system

Sounds good to me then

Koyo · 03-26-2003, 05:48 AM

But what if you buy a new car? I know that if my parents sign over their car to me, the insurance would be under the new discount rules even thou the primary operator is me right now and I'm using the old 10% a year discount.

Avenger · 04-29-2003, 09:40 PM

Just got my renewal notice for my 2000 Impreza Coupe

3rd party liability -->$775
2mil extended 3rd party liability -->$188
Collision $300 deductible -->$1007
Comprehensive $300/$200 deductible -->$380
Loss of Use $50/day -->$37
vehicle licence fee -->$53

estimated total is $2440

It went up about 400 bux from my last year insurance.

on the side it said claim-rate scale discount:40% Total savings:$1806.

Penphoe · 04-29-2003, 10:12 PM

Yikes!

Last year if I were to get full insurance thru ICBC, with 10 years of experience and no-fault accidents, (a.k.a. Road Star), the insurance on my RS coupe would have been around $1900. I went with a private insurance for my non-basic insurance and saved around $300. Still pretty expensive.

LaterZ!
Darren!!

fukamoto · 04-29-2003, 10:49 PM

For once, I'm starting to understand these numbers as I just got a job at an insurance company.

However, I'm just wondering, when do they start counting the years of non-at fault driving record? If I got my license at 16 but didn't have my insurance under my name until 21, will I have 25% discount or start at 0%?

Derek

Avenger · 04-29-2003, 10:52 PM

Quote:

Originally posted by fukamoto
For once, I'm starting to understand these numbers as I just got a job at an insurance company.

However, I'm just wondering, when do they start counting the years of non-at fault driving record? If I got my license at 16 but didn't have my insurance under my name until 21, will I have 25% discount or start at 0%?

Derek

From what I heard it is accumulated since you got your driver's lic. But I am sure they changed it to only when you pay for insurance.

STi-Mulation · 04-30-2003, 12:05 AM

Quote:

Originally posted by Avenger

From what I heard it is accumulated since you got your driver's lic. But I am sure they changed it to only when you pay for insurance.

Yup, you are right.

My mom has her lic for 20+ Years but since she only purchsed a car under her name 4 Years ago, thus her discount is only 20% and not 40%++

jftam · 04-30-2003, 02:45 AM

My renewal for 2004 WRX Wagon (transferred insurance when vehicle purchased)

Claim-rate scale discount:35%

Location: Lower Mainland
To and from work under 15 km
2mil 3rd party liability
Collision $500 deductible
Comprehensive $300/$200 deductible
Loss of Use
Replacement Cost
Anti-theft device discount

estimated total is ~$2250

I'll check private insurance, but last year, BCAA would not even consider me for coverage due to an at fault claim.

mibobe · 05-01-2003, 12:50 PM

I notice in the breakdown of my current renewal, the cost for "Special Coverage APV286A" has jumped more than five folds from last year. Does anyone of you who happened to renew this year has experienced the same increase? And does anyone know what this coverage is for anyway? Cheers.

Koyo · 05-01-2003, 11:36 PM

OMFG...I just looked at my mom's 540 renewal letter. While I'm the prime driver with 40% off it still cost 2400 bucks and it says I already saved like 2100. This is insane.

Benjamin Tang · 05-02-2003, 02:17 AM

2002 WRX Wagon

Location: Lower Mainland
To and from work under 15 km
2mil 3rd party liability
Collision $300 deductible
Comprehensive $300 deductible
Roadstar
Replacement Cost
Anti-theft device discount

last year:
Claim-rate scale discount:43% (-12)
Autoplan 12 @ 7% interest
TOTAL $1612

this year!:
Claim-rate scale discount:43% (-13)
Autoplan 12 @ 9% interest
TOTAL $1940

i knew about the 25% discrepancy between the cost for insuring the sedan against a wagon. the agent told me it's because people buy wagons to haul kids and should be more responsible than hooligan sedan owners

clay@nsmb.com · 11-24-2003, 01:46 PM

????

My insurance place only knows one word: IMPREZA, in their opinion there is no difference between the RS and the WRX.

Lantec · 11-24-2003, 01:51 PM

mines $3620 after the discount

also because I'm 18 and this is my first year driving

Subaru Impreza RS

superhero · 11-24-2003, 04:11 PM

2004 RS Sedan

$300 deductible, replacement cost, $2M liability, to/from work greater than 15km.

$2,364 after 40% discount - finally!! (includes financing costs)

but increases in premiums more than offset the extra 5% discount I got this year.

fukamoto · 11-24-2003, 08:51 PM

03 RS Sedan
$1000 collission / $300 comprehensive, $1M liability, business.

$1700 after 43% discount.

I don't see the point of having more than $1M TPL...

420WRX · 11-24-2003, 10:32 PM

Picture this.. You go into a KalTire, ask them for an alignment, and neglect to mention it's AWD.. The tire shop (we'll just call them KalTire) puts a negative camber on the front wheels to make them handle better, thinking it's a FWD car... You check your tire pressure and visually inspect your tires from the outside edge and don't notice the excessive wear on the inside edge of the wheel. 5 months later, your tires are bald, you're going around a corner and you slide out of control, taking out 4 cars, killing one person's child, and wounding a crapload of other people who can't work..

1 million liabillity won't cover the crap in your pants letalone the accident costs.. and don't even think of suing the tire shop, it's your responsibillity to inspect your vehicle's tires..

I'd say 3 million liabillity is probably a good idea unless you live out in the boonies and the chances of hitting anyone is really slim.

fukamoto · 11-25-2003, 12:04 AM

Largest claim ICBC has ever made in regards to personal third party liability is $1.1M I believe.

03-24-2003, 09:52 PM	#1
SubaruWrex Scooby Newbie Member#: 14661 Join Date: Jan 2002 Chapter/Region: W. Canada Location: Calgary Vehicle: 2004 WRX Rally Blue 90 Legacy TSD'er SOLD	Insurance costs revisited... Ok... Just got back from renewing my insurance on my Legacy and while I was there I asked for a quote on what a 2003 WRX might cost me in insurance. Here it is: Vehicle driven to school/work less than 15km one way and beyond that not more than 6 days per month. Territory - Lower Mainland CRS Level (??) - -6 Base costs: Basic 3rd Party - 1291 2 Million Liability - 325 Collision (300) - 1966 Comprehensive (300) - 702 Replacement cost - 222 -------------------------------------- Total $4798 <---- Now I have 30% discount, so it'd be closer to $3240, but that's still pretty crazy... I recall seeing some ppl with far less yearly payments for their insurance... The main costs seem to come from Collision and Comprehensive... telling me that too many people are wrapping these cars around poles or that they are extremely costly to repair... anyways... just interested in people's thoughts and if they've got significantly cheaper insurance from places like Canada Direct.... I'm mainly interested in what other people are paying for in terms of collision and comprehensive for their WRX's... Matt * Registered users of the site do not see these ads.

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03-24-2003, 10:27 PM	#2
alexs001 NASIOC Supporter Member#: 8096 Join Date: Jul 2001 Chapter/Region: VIC Location: Kelowna, BC, Canada Vehicle: 1998 Impreza 2.5RSTi Rally Blue Pearl	FYI: CRS stands for Claim Rated Scale

03-25-2003, 12:25 AM	#3
WRXtrovert Scooby Newbie Member#: 9732 Join Date: Aug 2001 Vehicle: 2002 WRX Midnight Black Pearl	I can't give you the exact breakdown, but my 2002 wrx insured for work and pleasure with 5m third party and minimum deductibles came in at just under $2000, all ICBC. One of the benefits of being an old man with a CRS of -18.

03-25-2003, 04:59 AM	#4
Koyo Scooby Specialist Member#: 19332 Join Date: May 2002	So CRS is basically the age group you belong to then. How old are you Sub?

03-25-2003, 10:13 AM	#5
alexs001 NASIOC Supporter Member#: 8096 Join Date: Jul 2001 Chapter/Region: VIC Location: Kelowna, BC, Canada Vehicle: 1998 Impreza 2.5RSTi Rally Blue Pearl	CRS is the number of years you have been driving without an at-fault claim on your record. Multiply it by 5% to get your discount. Through some combination of circumstances, you can get up to a maximum 43% discount. After so many years of safe driving, you get one free accident that they forgive also. It's just too bad that every year the rate increase nullifies your extra discount.

03-25-2003, 11:57 AM	#6
SubaruWrex Scooby Newbie Member#: 14661 Join Date: Jan 2002 Chapter/Region: W. Canada Location: Calgary Vehicle: 2004 WRX Rally Blue 90 Legacy TSD'er SOLD	ahhh.... ok then... that makes sense for the CRS... I'm 22 and have had 6 years then of clean driving... hence the 30%...

03-26-2003, 05:48 AM	#10
Koyo Scooby Specialist Member#: 19332 Join Date: May 2002	But what if you buy a new car? I know that if my parents sign over their car to me, the insurance would be under the new discount rules even thou the primary operator is me right now and I'm using the old 10% a year discount.

04-29-2003, 09:40 PM	#11
Avenger Scooby Specialist Member#: 1234 Join Date: Apr 2000 Location: Vancouver, Canada Vehicle: 2000	Just got my renewal notice for my 2000 Impreza Coupe 3rd party liability -->$775 2mil extended 3rd party liability -->$188 Collision $300 deductible -->$1007 Comprehensive $300/$200 deductible -->$380 Loss of Use $50/day -->$37 vehicle licence fee -->$53 estimated total is $2440 It went up about 400 bux from my last year insurance. on the side it said claim-rate scale discount:40% Total savings:$1806.

04-29-2003, 10:12 PM	#12
Penphoe Friendly Neighbourhood Moderator Member#: 269 Join Date: Sep 1999 Chapter/Region: VIC Location: Burnaby, B.C., Canada Vehicle: 2005 ABP LGT LTD BP6 00 Impreza RS GM6 RIP	Yikes! Last year if I were to get full insurance thru ICBC, with 10 years of experience and no-fault accidents, (a.k.a. Road Star), the insurance on my RS coupe would have been around $1900. I went with a private insurance for my non-basic insurance and saved around $300. Still pretty expensive. LaterZ! Darren!!

04-29-2003, 10:49 PM	#13
fukamoto Scooby Guru Member#: 13339 Join Date: Dec 2001 Chapter/Region: NWIC Location: Seattle, WA Vehicle: 2013 BRZ White	For once, I'm starting to understand these numbers as I just got a job at an insurance company. However, I'm just wondering, when do they start counting the years of non-at fault driving record? If I got my license at 16 but didn't have my insurance under my name until 21, will I have 25% discount or start at 0%? Derek

04-30-2003, 02:45 AM	#16
jftam Scooby Newbie Member#: 11733 Join Date: Oct 2001 Chapter/Region: VIC Location: Vancouver, BC, Canada Vehicle: 2004 WRX Wagon World Rally Blue	My renewal for 2004 WRX Wagon (transferred insurance when vehicle purchased) Claim-rate scale discount:35% Location: Lower Mainland To and from work under 15 km 2mil 3rd party liability Collision $500 deductible Comprehensive $300/$200 deductible Loss of Use Replacement Cost Anti-theft device discount estimated total is ~$2250 I'll check private insurance, but last year, BCAA would not even consider me for coverage due to an at fault claim.

05-01-2003, 12:50 PM	#17
mibobe Scooby Newbie Member#: 15808 Join Date: Feb 2002	I notice in the breakdown of my current renewal, the cost for "Special Coverage APV286A" has jumped more than five folds from last year. Does anyone of you who happened to renew this year has experienced the same increase? And does anyone know what this coverage is for anyway? Cheers.

05-01-2003, 11:36 PM	#18
Koyo Scooby Specialist Member#: 19332 Join Date: May 2002	OMFG...I just looked at my mom's 540 renewal letter. While I'm the prime driver with 40% off it still cost 2400 bucks and it says I already saved like 2100. This is insane.

05-02-2003, 02:17 AM	#19
Benjamin Tang Scooby Guru Member#: 4496 Join Date: Feb 2001 Location: British Columbia Canada Vehicle: 2009 Forester red	2002 WRX Wagon Location: Lower Mainland To and from work under 15 km 2mil 3rd party liability Collision $300 deductible Comprehensive $300 deductible Roadstar Replacement Cost Anti-theft device discount last year: Claim-rate scale discount:43% (-12) Autoplan 12 @ 7% interest TOTAL $1612 this year!: Claim-rate scale discount:43% (-13) Autoplan 12 @ 9% interest TOTAL $1940 i knew about the 25% discrepancy between the cost for insuring the sedan against a wagon. the agent told me it's because people buy wagons to haul kids and should be more responsible than hooligan sedan owners

11-24-2003, 01:46 PM	#20
clay@nsmb.com Scooby Newbie Member#: 43278 Join Date: Sep 2003 Location: Calgary, AB - Canada Vehicle: 2002 Impreza WRX Silver	???? My insurance place only knows one word: IMPREZA, in their opinion there is no difference between the RS and the WRX.

11-24-2003, 01:51 PM	#21
Lantec Scooby Specialist Member#: 48685 Join Date: Nov 2003 Location: Coquitlam, B.C. Vehicle: 2010 Prius Silver	mines $3620 after the discount also because I'm 18 and this is my first year driving Subaru Impreza RS

11-24-2003, 04:11 PM	#22
superhero Scooby Newbie Member#: 32153 Join Date: Jan 2003 Chapter/Region: VIC Location: Vancouver Vehicle: 2006 300C crappy blue	2004 RS Sedan $300 deductible, replacement cost, $2M liability, to/from work greater than 15km. $2,364 after 40% discount - finally!! (includes financing costs) but increases in premiums more than offset the extra 5% discount I got this year.

11-24-2003, 08:51 PM	#23
fukamoto Scooby Guru Member#: 13339 Join Date: Dec 2001 Chapter/Region: NWIC Location: Seattle, WA Vehicle: 2013 BRZ White	03 RS Sedan $1000 collission / $300 comprehensive, $1M liability, business. $1700 after 43% discount. I don't see the point of having more than $1M TPL...

11-24-2003, 10:32 PM	#24
420WRX Scooby Specialist Member#: 27752 Join Date: Oct 2002 Chapter/Region: VIC Location: Victoria B.C., Can Vehicle: 2004 WRX+Ver.8 EJ207 Silver	Picture this.. You go into a KalTire, ask them for an alignment, and neglect to mention it's AWD.. The tire shop (we'll just call them KalTire) puts a negative camber on the front wheels to make them handle better, thinking it's a FWD car... You check your tire pressure and visually inspect your tires from the outside edge and don't notice the excessive wear on the inside edge of the wheel. 5 months later, your tires are bald, you're going around a corner and you slide out of control, taking out 4 cars, killing one person's child, and wounding a crapload of other people who can't work.. 1 million liabillity won't cover the crap in your pants letalone the accident costs.. and don't even think of suing the tire shop, it's your responsibillity to inspect your vehicle's tires.. I'd say 3 million liabillity is probably a good idea unless you live out in the boonies and the chances of hitting anyone is really slim.

11-25-2003, 12:04 AM	#25
fukamoto Scooby Guru Member#: 13339 Join Date: Dec 2001 Chapter/Region: NWIC Location: Seattle, WA Vehicle: 2013 BRZ White	Largest claim ICBC has ever made in regards to personal third party liability is $1.1M I believe.