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Wow, that's a giant jump in premium! I haven't noticed mine increase, but I will keep an eye on it now. Thanks for the heads-up!Total Cost of Ownership
Raptor is coming up on her 1y anniversary, so the insurance company decided to send us a bill.
My 6m premium went from $614 to $839 to $953. At first blush, the 55% increase was shocking; however, when my agent explained all the details it started to make more sense. It appears that, on a national level, the BRaptors have a very high accident rate, which has caused the entire industry to increase its premiums for [1] Collision, [2] Property Damage, [3] Comprehensive and [4] Underinsured Bodily Injury on said vehicle. Hence, we are all paying for the actions of others.
What have you noticed?
At an annual rate of 2x, Edmunds is going to need to update its 5y ownership projections.
View attachment 12199
Also REF my 29-DEC-2022 post, which estimated annual insurance at $2,704.
A quick search of three insurance providers yielded an average 6m rate of $1,235; or $2,470 annually for the same coverage. So, I guess I'm doing better than average, but I still don't appreciate the 55% increase.
Total Cost of Ownership
Raptor is coming up on her 1y anniversary, so the insurance company decided to send us a bill.
My 6m premium went from $614 to $839 to $953. At first blush, the 55% increase was shocking; however, when my agent explained all the details it started to make more sense. It appears that, on a national level, the BRaptors have a very high accident rate, which has caused the entire industry to increase its premiums for [1] Collision, [2] Property Damage, [3] Comprehensive and [4] Underinsured Bodily Injury on said vehicle. Hence, we are all paying for the actions of others.
What have you noticed?
At an annual rate of 2x, Edmunds is going to need to update its 5y ownership projections.
View attachment 12199
Also REF my 29-DEC-2022 post, which estimated annual insurance at $2,704.
A quick search of three insurance providers yielded an average 6m rate of $1,235; or $2,470 annually for the same coverage. So, I guess I'm doing better than average, but I still don't appreciate the 55% increase.
You are correct, I've heard them talk about this on CNBC as well.So, I guess it's not just me. April CPI shows shows vehicle insurance up 22.6%
View attachment 12967
It's too bad that the problem drivers do not bear the burden alone for their collisions, rather than the rest of us. And call me a skeptic but I would need to see a very large data set of empiricil data to determine if I belive that the Braptor is as problematic as the insurance industry says.Total Cost of Ownership
Raptor is coming up on her 1y anniversary, so the insurance company decided to send us a bill.
My 6m premium went from $614 to $839 to $953. At first blush, the 55% increase was shocking; however, when my agent explained all the details it started to make more sense. It appears that, on a national level, the BRaptors have a very high accident rate, which has caused the entire industry to increase its premiums for [1] Collision, [2] Property Damage, [3] Comprehensive and [4] Underinsured Bodily Injury on said vehicle. Hence, we are all paying for the actions of others.
What have you noticed?
At an annual rate of 2x, Edmunds is going to need to update its 5y ownership projections.
View attachment 12199
Also REF my 29-DEC-2022 post, which estimated annual insurance at $2,704.
A quick search of three insurance providers yielded an average 6m rate of $1,235; or $2,470 annually for the same coverage. So, I guess I'm doing better than average, but I still don't appreciate the 55% increase.
A lot of posts and videos with interest in Raptor jumping at speed may be a part of the cost to allIt's too bad that the problem drivers do not bear the burden alone for their collisions, rather than the rest of us. And call me a skeptic but I would need to see a very large data set of empiricil data to determine if I belive that the Braptor is as problematic as the insurance industry says.
I see your point, though It is designed to do exactly that.A lot of posts and videos with interest in Raptor jumping at speed may be a part of the cost to all