JasonT

Just wondering if I'm paying too much in insurance. Can anyone who leased a CL-S ring in with the rates you got. I'm paying $2,980 a year. Either 2001 or 2002. Or just rates in general. I'm in South FL. Seems high to me. The insurance people said they classify it a high performance car.

02 Aegean CLS

$2200 a year

WI CLTypeS

Ouch, you're getting rapped!

I'm 24, single, leasing, with 2 accidents on record as my fault and I'm only paying $170/month. That comes to $ 1020/6 months or about $2040/year. I'm also living in whats considered a "high crime" area up here.....thats a joke but whatever.

Oh yeah, thats with State Farm too. I'd check around, there are TONS of insurance companies out there, Geico, State Farm, American Family, etc.

CLS16

I'm now paying $2100, that shit went up this year...some stupid law or something. Oh, I'm 23 and single with one speeding ticket.

Eggplant-EX

45 y/o, 2 accidents not my fault, suburbs of WA with car parked in garage...

$850 per 6 month.

Go to Progressive Insurance and you can get a quote on-line. I got $670 per 6 month but I have changed before only to have them increase my insurance after a year. So am still thinking if it is worth it to do.

fbazakos

22, male, 1 ticket, under parents policy, $200/month.

oh, and i bought my car.

davo-cls

I'm leasing with insurance through Allstate. $660/year...that's right, a year.

gto2050

I'm older than you guys but I pay $1300 a year with an accident (unproven hit & run) a year ago. Quite frankly for under 25 I think that the rate is fair judging by your age and the higher lease coverages.

pgatour1

18, Insuraed in one of the most expensive places to live, nothing on my record. I think it is something like $400 a month my dad said. right about $4,500 a year or so. NOW that's a rip off, the alero is $3,200 a year and the Jeep is $2,450 for me. Fucking Insurance Companies.

02 Aegean CLS

Ask your insurance agent to contact me...

tankmonkey

damn...

and I thought my $866/year through state farm was pretty good (leasing).

Fabvsix

I pay about $670.00 (for full coverage) every 6 months for BOTH my 98 Accord coupe and 2001 CLS ! Clean record with Allstate ! They also cover my home owners insurance and I get a break with that arrangement as well.

scl23

I'm 24, no accidents, no record at all. Geico.
They said when I turn 25, the rates go down to like $900/year.

WI CLTypeS

Yeah at 25 they drop almost 30% I think or something like that. It's a HUGE amount.

Having Home/Renter's Insurance alone with your car insurance helps lower it also.

Of course, living in a low crime suburbia neighborhood doesn't hurt either. Unfortunately, can't claim this one on mine.

JasonT

I don't think so! I'm 26 & still pay high insrucance for anything with full coverage. Just the mimium is really cheap. I pay $380/year for my 94 explorer. I think it depends on how long you had your liencse, & how long you had it in the same state. I only had mine since 21. 2 of those years in NYC, & the rest in FL. Geico will not insure me. Progressive, checks credit, I had a bad experience with Statefarm, so the only other options are local companies. I went through the same thing with my 300M when I bought that. After a year, the next policy was cheaper.

Scrib

Hmmm... Is it a standard thing for an insurance rate to be higher if one is leasing a car? I currently have Progressive with high limits of liability (100/300/100), and I was quoted $806.00 a year. There was nothing to select on the website for a purchase vs. lease rate. Oh.. I'm 24, married and have a 2001 Olds. Alero as well... Probably why I was quoted such a decent rate.

I have some questions on a lease that I was quoted on, but I'll post them in another topic.

Cheers!

tankmonkey

the lease company owns the car while you lease it, and to minimize their exposure to lawsuits, they require you to carry a certain level of liability insurance on the car (in addition to comprehensive, as you would with a finance contract) so they are less likely to get tabbed for your accidents. the liability coverage you specify is a little more than what american honda finance required for my lease (100/300/50).