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Old 03-24-2003, 09:52 PM   #1
SubaruWrex
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Member#: 14661
Join Date: Jan 2002
Chapter/Region: W. Canada
Location: Calgary
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2004 WRX Rally Blue
90 Legacy TSD'er SOLD

Thumbs down 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
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Old 03-24-2003, 10:27 PM   #2
alexs001
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FYI: CRS stands for Claim Rated Scale
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Old 03-25-2003, 12:25 AM   #3
WRXtrovert
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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.
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Old 03-25-2003, 04:59 AM   #4
Koyo
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So CRS is basically the age group you belong to then. How old are you Sub?
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Old 03-25-2003, 10:13 AM   #5
alexs001
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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.
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Old 03-25-2003, 11:57 AM   #6
SubaruWrex
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ahhh.... ok then... that makes sense for the CRS... I'm 22 and have had 6 years then of clean driving... hence the 30%...
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Old 03-25-2003, 08:20 PM   #7
cdnav8r
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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.
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Old 03-25-2003, 11:31 PM   #8
alexs001
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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
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Old 03-26-2003, 01:45 AM   #9
cdnav8r
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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
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Old 03-26-2003, 05:48 AM   #10
Koyo
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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.
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Old 04-29-2003, 09:40 PM   #11
Avenger
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2000

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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.
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Old 04-29-2003, 10:12 PM   #12
Penphoe
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00 Impreza RS GM6 RIP

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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!!
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Old 04-29-2003, 10:49 PM   #13
fukamoto
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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
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Old 04-29-2003, 10:52 PM   #14
Avenger
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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.
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Old 04-30-2003, 12:05 AM   #15
STi-Mulation
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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%++
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Old 04-30-2003, 02:45 AM   #16
jftam
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Location: Vancouver, BC, Canada
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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.
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Old 05-01-2003, 12:50 PM   #17
mibobe
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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.
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Old 05-01-2003, 11:36 PM   #18
Koyo
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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.
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Old 05-02-2003, 02:17 AM   #19
Benjamin Tang
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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
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Old 11-24-2003, 01:46 PM   #20
clay@nsmb.com
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Silver

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????

My insurance place only knows one word: IMPREZA, in their opinion there is no difference between the RS and the WRX.
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Old 11-24-2003, 01:51 PM   #21
Lantec
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mines $3620 after the discount

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

Subaru Impreza RS
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Old 11-24-2003, 04:11 PM   #22
superhero
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2006 300C
crappy blue

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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.
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Old 11-24-2003, 08:51 PM   #23
fukamoto
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White

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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...
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Old 11-24-2003, 10:32 PM   #24
420WRX
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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.
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Old 11-25-2003, 12:04 AM   #25
fukamoto
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Largest claim ICBC has ever made in regards to personal third party liability is $1.1M I believe.
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