Highest Category for Insurance Premiums?

[Mach Tuch]

I have Farmers Insurance. I received a quote to add a 22 MME GT to my policy and was told that MME is in the highest category of premiums, with out any real explanation. It would be my 6th car on the policy and would ad another $1900 annually to the policy. I have 5 total drivers and 2 young drivers. Is that what you are hearing as well?

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[MacherAWD]

I have a select and pay just under $1k a year for 2 cars, $450 a year for the highlander, $550 a year for the Mach-E. Progressive, longterm policy holder (lots of discounts) and 2 drivers in the house, Mass.

 

[Mach Tuch]

I think my young drivers are part of the problem.

 

[hayhayday]

Mine went down about 5% compared to my e450 wagon even lowering the deductible from 2k to 1k ford credit requires.

 

[Richard L.]

I’m in NY and use Allstate. $2100 per year for the Mach E. They classify it as a truck. That’s with multi car, homeowners and discounts.

 

[Logal727]

$1600 annually for two cars with basic coverage $250 deductible, but most likely due to this area of Florida with hurricanes and bad drivers.

 

[HuntingPudel]

The rate for my GT-PE is more than double the rate for my old Fusion Energi. ?‍?

 

[ebeponyan]

When it comes to insurance rates, it's almost impossible to compare to other people because of all the variables involved. It's a pain, but you're better off getting quotes from a handful of other providers. On the bright side, you may end up finding a better deal elsewhere.

 

[Socalsp3]

my ioniq5 costs 50% more to insure than mme. its labeled as ev and mme as ice by progressive

 

[Mach Tuch]

my ioniq5 costs 50% more to insure than mme. its labeled as ev and mme as ice by progressive

They’ll catch on eventually

 

[Neil4Real]

my ioniq5 costs 50% more to insure than mme. its labeled as ev and mme as ice by progressive

Why would you do that? You're begging for them not to cover you if your battery gets damaged at all, which is insanely expensive. If you're going to lie, you should just lie about how many miles you drive annually, that'll keep it super low.

 

[kdonnel]

Why would you do that? You're begging for them not to cover you if your battery gets damaged at all, which is insanely expensive. If you're going to lie, you should just lie about how many miles you drive annually, that'll keep it super low.

I don't think he lied.

He provided his insurance provider with a VIN.

Their system provided a price. It is the Progressive computer system that generated the price to insure based on the provided VIN.

 

[Neil4Real]

I don't think he lied.

He provided his insurance provider with a VIN.

Their system provided a price. It is the Progressive computer system that generated the price to insure based on the provided VIN.

Ah, okay, I certainly hope so, that'd be bad news if not haha

 

[RickMachE]

Comparing rates across states and people is impossible. The OP asked if our insurance companies told us that the MME was in the highest category of premiums. Not one person answered that...

No, mine did not. My Mach-E(s) have been about 20% more than my Fusion Energi PHEV was.

Michigan is the 2nd highest state in the country.

 

[generaltso]

I think my young drivers are part of the problem.

One thing I learned when shopping for insurance with 2 teenage male drivers on my policy is that not all insurance companies assign each driver to a specific car. The ones that don't tended to be much more expensive. I ended up going with Geico because they do assign a primary driver to each car. The teenagers are assigned to an older Subaru instead of our newer cars. This kept the premium on the MME down to $243 for 6 months. Geico didn't say anything about the MME being in a particular category.

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