Boomtree

So, apparently the auto insurance industry adjusted their 'symbols' and they all point to doubling my insurance policy. It just jumped from $483 to $926 for 6 months. I freaked out and started getting other quotes, and so far they are $1290 and $1040 for the same coverage amounts.

My original insurance company told me they reclassified my vehicle as a 'high-performance vehicle'.

I have an F150 XLT 2.7 Ecoboost 4x2 SuperCab. My salesman at the dealership told me he had a brand new Mustang GT with full coverage for $300 for 6 months - and he is in his 20s.

I'm a 33 single male with a perfect driving record and credit. Never an accident, claim, ticket, default, no CC debit, etc. The truck is the only thing on the policy, and nothing has changed. An extra $1000/yr for insurance for the next several years was not exactly something I was prepared to take on all of the sudden. Health insurance rates went up in our state 35-40%, so people here must be really feeling the pinch. I am.

Great truck, but I don't like it enough to pay $1900-2500 insurance a year.

Wannafbody

What's your age? Under 25 and rates are extremely high.

Boomtree

I said in the post I'm 33 and I detailed my driving record.

Summers22

iTrader: (2)

Newsflash, your salesman lied to you about his rate for a Mustang GT. Real shocker that a salesman would lie for a sale. Also does CC debt really affect insurance rates? Thats a new one on me.

Boomtree

In fact, during that 6 months I had a birthday so no my age should not have a single thing to do with the increases in my insurance.

Boomtree

I was told by one of the insurance reps that a person's credit affects their insurance rate. By the way, the salesman told me that today on the phone, 6 months after I bought the truck. He wasn't lying to me to make a sale, and he agreed that the insurance rates were absolutely insane.

Rhyder

that sounds about right, $926 is actually a little bit less than what I pay with some what similar stats though I'm a little older...its dependent on where you live as well, but in Atlanta that's about it.

Did you not get a quote before you bought the truck? Always find out how much insurance will cost before you even start looking for a new vehicle, or any vehicle for that matter....

what were you driving before?

And do a quote for a mustang online and you will see the dealer is a lying **** who you should stop having anything to do with...

Summers22

iTrader: (2)

I agree 100%, I have always gotten a quote from my agent before getting a vehicle to see how much my rate will change. They give you the quote on the phone in about 5 minutes with just providing them the VIN.

Boomtree

Yes, I got a quote and paid it. $483 for the first 6 months on my truck, a new policy with no other vehicles. What I was driving previously shouldn't matter, because they were never on the same policy. The $483 was for the first 6 months on my new truck, not on the vehicle I was previously driving.

Summers22

iTrader: (2)

So all of a sudden they jumped your rate up 6 months later?