I'm in a dilemma, because Wawanesa Insurance, which insured my 2016 Acura ILX with 300/100/300 and $300 deductible, uninsured motorist coverage, plus rental, etc. has decided to discontinue my insurance due to a prior accident that they found out about that I did not mention to them. They do not have proof that I was not at fault, so they don't want to do business with me anymore. I was paying $2000 for a year with them. Keep in mind I'm a male, 24, 4 years of driving experience, first car, single, etc. So everything that you could toss at me is against me. Hence my high insurance premium.

Right now I'm uninsured because I tried looking for insurance from other companies, such as AAA, Mercury, All State, etc., but for the same coverage, I was getting prices from $2300 - $5500 for 1 year. AAA came in at $3600, All State came in at $5000. It's crazy how expensive it is. I tried having the car through my dad's policy temporarily with AAA, but they quoted him $2600 for the same 300/100/300 coverage I had with Wawanesa, even though he had 30+ years of clean driving record.

Is it really this expensive to insure the ILX, or what are some tips and tricks you guys could give me to get a better deal? I'd appreciate your .

 

I'm a 21 year old male 5 years experience 0 tickets, violations, etc. For my 2014 I've paid around $1800 a year since it was new in North Carolina.

 

I see. Same coverage, or lower coverage?

I talked with some brokers, and they say that the reason for my expensive insurance is because I don't have 9-10 years of driving experience, I'm single, male, and the area I live in here in California. While it's one of the safest locations, they claim Honda and Acura are some of the riskier cars for burglary and for being stolen due to their good reliability. So that raises the cost of insurance.

 

Call Esurance. Seriously - I had geico and saved a ton (like $50-$75 per month). I have $100 deductibles

 

Honestly it's gonna vary by state, area, demographic, etc but I am paying about $1700/year for my ilx with geico. I do work for them though, so there was a little discount there

 

you cannot compare, as paperboy stated above.
EVERY one's insurance rate WILL BE DIFFERENT!!!!!!!!!!!!!!

not to be a dick, butt, WHY didnt you factor in insurance before you bought the car???
this is part of the car buying process to see if you can afford the ILX.

it sounds like you cannot afford the ILX!
to get a cheaper insurance rate, you will need to buy a different car.

or, keep paying your current rates and dont get into an accident/dont get a ticket for 5 years!
after some odd years, traffic accidents and tickets go away or they dont look at them past a certain year point....

so, the only thing you can do is keep paying until you reach that point with no accidents or tickets for X amount of years

 

Good advice.

OP could also consider raising that $300 deductible to $500 to decrease the premiums a bit. $300 is considered lowered than what most people get, yet OP wants low premiums. Can't have it both ways unless OP has many years of safe driving record.

 

^taking it one step further, you could have a deductible of $1000 to further lower premiums, however; you would need at least $1000 saved at all times......

and with a recent report, MOST Americans cant even cover a $400 emergency....
(cuz of over spending and not having an emergency cushion)


and if thats the case, OP, you cant afford the ILX.
Sorry to be blunt....

 

Im 36 live in Canada and pay 100 a month for my ILX-Aspec

 

Thanks for the input guys.

Justnspace, you're right, I should have looked more into the insurance cost before purchasing the car, although Its not a matter of being able to afford the car and the insurance, it's just that I didn't realize until I had the car that insurance was going to be so expensive. I initially thought the reason for the expensive rate was due to me only driving for 3 years at that time.

With that said, I just wanted to verify whether most people have high premiums for that amount of coverage or not. I wanted to know if it was reasonable amount and some tips which you guys have given me. So thank you.

Yes, I could technically raise my deductible, and that shouldn't be a problem, as I have multiple savings accounts, one of them being for emergency purposes only like an accident.

My dad had a 05 Civic EX prior to me owning the 2016 Acura ILX, and I remember that his premium at that time for 300/100 was only around $500 a year for the Civic. I believe it started off around $900 a year for him and went down over the years. Knowing that the Acura at the same Insurance company for him was $2600 to insure a year, it makes more sense now that the car is just expensive to insure in the first place.

 

but you simply cannot compare rates even to your dad!

age, driving length, area, tickets, accidents, type of car, brand new or used car, credit score, EVERYTHING goes into calculating your rate.

before I bought my TL, I called my insurance company and said "hey, can I get a quote on this specific car?"

insurance company said; no problem, we'll give you a call back in an hour.

within the hour; i had my own personal insurance rate quote.


Now-a-days, its EVEN faster to get a quote. through email, apps, websites, etc.

so, armed with the quote; I had ample information on whether or not I could afford the TL.
car ownership includes; fuel, insurance, maintenance, etc.
best believe I crunched numbers for MONTHS, before I bought the TL making sure that I could fully pay the note and fuel and insurance well before actually making the purchase.
simply put; i had all my ducks in a row

 

Everyone's situation is different so comparing what everyone pays for insurance is useless. However, if you have poor credit, are young, or have accidents/tickets on your record, it's obvious your rate will be higher. FWIW, I pay about $800/year for 250/500 insurance on the ILX. Collision deductible is $500 and comprehensive deductible is $100. I have 2 other cars, >800 credit score, and no tickets or at-fault accidents.

 

and reaching the age of 25 doesnt automatically lower your insurance rates....

I turned 25 and was like thats all of a discount I get?????
I got more of a "discount" not getting into accidents and tickets. in my state, it takes 3 years to clear your record.
so, as soon as my tickets and accidents cleared from the driving record, I GOT A SUBSTANTIAL discount

 

The insurance broker I talked with said that the main reason for the high premium was the location where I live and driving experience.

I have no at-fault accidents, no tickets and clean record.
Credit score in low 800s (checked a month ago)

I can verify the age doesn't matter. They care about driving experience (9-10 years) is the mark when it drops drastically if you have a clean record. I only have a 4, almost 5 year clean driving record.

Things that for sure affected by premium were age, experience, area, 1st car under my name, new car, single, mileage.

 

$271.20 every 6 months with GEICO for full coverage. Also have 4 other Acuras on the same plan so I'm getting some sort of multi car discount I'm sure.

 

??

 

Bhahaha, sorry, total slipping right there. Yes, age doesn't count in most cases. Big brain fart.

 

I am 25 single, no tickets, no accidents.
7 years of driving experience.
I live in detroit suburb. Michigan requires no fault insurance with mandatory 1 million dollar PIP and PPI coverage.
100/300/50, $1000 standard collision,

Michigan is notorious for having high insurance rates.
I pay about $2000 a year.

 

Seriously, you cannot compare insurance rates with others. As has already been said, everyone's situation is different so it is meaningless to hear what others are paying. You just need to do the leg work of talking with a number of insurance brokers, get some online rates and go from there.

 

This is a useless question - but - the OP answered his own question. He has an accident on record that he "forgot" to tell the insurance company about. That's why he was only paying $2000 in California as a 24 year old single male (under 25 year old single males are the most expensive to insure). At this point, driving uninsured is asking for even more trouble.


He needs to get some sort of insurance right now. The longer he waits the more expensive it will get. He will have to disclose that he has an uninsured car for a length of time. He will have to disclose that he was dropped by an insurer.


He needs to get something now and THEN shop around for a better rate. It is unlikely that the ILX has much to do with his rate woes - his cavalier disregard for needing insurance at all times, an accident he "forgot" to mention and his ignorance to do some research on insurance pricing prior to buying the car all compound his issues - he is an insurer's nightmare.


It is obvious that the accident was the OP's fault. If it wasn't, then he should be able to provide proof to the insurance carrier that the other driver was at fault.


We'll see the OP again - this time on Judge Judy after he builds another wreck while driving uninsured. His dad will be there and will be berated by Judge Judy for raising such an imbecile.

 

on that note; whats your favorite Judge Judy quote?

 

Oh Ceb. You're so confident in your answer, it's making me cringe. LOL

I found some old paperwork from Mercury, which stated that Mercury paid me almost $8000 for the loss on behalf of the other driver. With that, Wawanesa's underwriter approved me again for having insurance with them. Right now, it's about $100 cheaper than previous year, although I did take the advice from other people and I did shop around. I'm considering Mercury, even though their processing might be slower than other insurance companies, but in all honesty, every insurance company has it's pros and cons.

Mercury quoted me $760 for 6 months, which is $1520. That's for 100/300/100 BI, 100/300 UMBI, $250 Comp, Coll, and Waiver, and $30/day 30 days rental.

I do have insurance right now with a dealership insurance company, on a month-to-month basis. That was a bit pricey, but it gave me time to shop around and figure things out.

 

You didn't say either of this in your original quote AND how does " With that, Wawanesa's underwriter approved me again for having insurance with them" jibe with "I do have insurance right now with a dealership insurance company, on a month-to-month basis"?


Either the original company decided to reinstate you OR you have insurance from some fly-by-night outfit. Which is it - it can't be both.

 

They canceled on May 1st. All month April, I was in talks with Wawanesa about getting them proof, but they were being difficult by needing a written letter directly from Mercury's Adjuster. Mercury failed to provide me with that paperwork, and they claimed I had to give Wawanesa her (the adjusters) number so they could verify this information themselves. Wawanesa failed to get hold of her on multiple occasions, so they gave up on it. At this time it was already too late to not lapse on the insurance, but I had a business trip coming up with rental included, under which I would be insured.

I came back on the 9th, so that's when I posted my original post. That day I ended up getting the temporary insurance because I had to commute to work.

Now I'm on that insurance and I ended up shopping around because it was going nowhere with Wawanesa. I ended up finding an email that said that they paid me money for my damages, and it happend to have the guys name on it. Wawanesa called me yesterday that they said that the underwriter has allow me to insure my car with them again, I just have to go through the sales department to get a quote first, because they would set me up again with the previous policy noted on my new one saying that everything checks out.

I told them I would need to have my insurance from June 8th because my current month-to-month insurance will end on the 9th. They said fine.

So I am insured, but I might just end up going with Mercury at the end of the day.

Ceb, no offense, but I find it unprofessional that you "assumed" things without having the full story. I came here for help, and most people were helpful. I'd just appreciate a bit more professionalism, without making me sound like a dumb ass. I try to be respectful to others as well, and this is the first time I had to deal with something like this. Thanks for understanding.

 

"You ate the steak!"

 

We can only go by what you tell us - and you told us that you "forgot" to tell them about an accident, they dropped you and you didn't have insurance because it was too expensive - but no worries, it seems like it is all good now.

 

 

29 year old single male. Driving since 16, no violations or tickets.

2016 RDX Base AWD was $150 a month with $250 comprehensive/collision w/ glass Geico
2016 ILX Premium $190!

I asked why and they said car more likely to be stolen, parts more expensive to repair, and my guess all those faux ricer guys tacking up tickets.