What is your Insurance Coverage & Cost?

[Dean Nelson]

2024 Raptor
47 yr old, no recent tickets or accidents
Roughly 6000 mi per year which I think gets a small discount
SoCal, State Farm
300k/100k bodily injury
100k property
comprehensive w/ $500 deductible

$917.64 6 month premium

That seems like a pretty good price. I would have to dig out our old paperwork to see what the uptick was for our increased coverages. We were all ready over the minimum coverages required by CA, but our Financial Advisor suggested we bump it up to the $500k points noted. We will both be retired come July, and need to protect our nest egg to see us through.

2025 RR w/a company construction truck so I only log 7K-ish miles a year on my personal rigs. Which nets a discount. 52 years old and haven’t been cited a ticket since 1997. Ranger resides in Tacoma, WA

$969 / 6 mo. via USAA = $161.50/mo.
1M in collision
1M bodily liability
300K property liability
1M in uninsured bodily
500K in uninsured property
100K medical expenses

Comprehensive, loan coverage, loss of work coverage for any passenger, towing & rental coverage, accident forgiveness, and a 20% over market value payout if deemed a total loss.
$300 deductibles

Very good. We also carry a $1m GL policy.

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[Dean Nelson]

don't look to move to texas. we may have cheaper insurance but our property taxes are off the scale. i have almost a half acre yard and a 500 square foot one bedroom house with 2 car garage and the county tries to charge me 3500 bucks a year. i go to their kangaroo court and fight it and normally win though

Our property tax rates are about the same. We pay ~1.5%, BUT, the median home price is nearly triple! Thankfully, we bought our house in '99. Couldn't afford it today.

But being in CA has its benefits. The weather is nice. Well, that's about it. We "enjoy" a ~13% income tax rate, plus sales tax in my neighborhood is now almost 11%, compounded by the 20-25% higher costs of most products vs TX.

I vote for TX on this one!

 

[superj]

my grandparents lived in vallejo for my whole life and i remember visiting. its funny, vallejo was always cold to me since we lived in riverside and corona in jr high and part of high school. and the other times of my life were south texas or hawaii, both warm places too.


income tax states are no-go. i am waiting to retire in july-ish and my wife just retired this past friday so we are looking for places to possibly move and any state that has a state income tax is automatically but off the list

 

[Dean Nelson]

My first several years were a bit East, in Banning. From ~5y.o. on it was 6 weeks every summer, and every other Christmas... ya now? ;-) I still have some family down there, enough to visit a couple times per year, but they are moving out as retirement ages are coming around.

Every state has some kind of poison. Property, sales, or income. Some have all three. CA politicians are now moving towards taxing one's assets as well, including stuff you probably already paid income or sales tax on, and also retirement funds (which were already taxed). Double taxation at its best (worse?)! The will probably call it an "assessment" or "fee" to get around tax laws. Friggin' unbelievable, except that it is CA, so it is believable.

Kinda have to do the math to figure out which state would be best for one. Fixed income I would be OK with an income tax, but sales and/or property would need to balance it.

 

[skinnyjimmy]

don't look to move to texas. we may have cheaper insurance but our property taxes are off the scale. i have almost a half acre yard and a 500 square foot one bedroom house with 2 car garage and the county tries to charge me 3500 bucks a year. i go to their kangaroo court and fight it and normally win though

That's not a lot of money for property taxes man. I'm in SE Michigan. 1,000 square foot house, 2 car detached garage, and 0.13 acre lot. My property taxes are $3,800 a year.

 

[skinnyjimmy]

$887.58 for 6 months in SE Michigan. Bundled with my homeowners insurance. I should also note I'm 31 and have a 100% clean driving record. No accidents, no claims, and not even a single speeding ticket or anything.

Bodily injury ($250k; $500k)................................................$176.76
Property damage ($100K)....................................................$5.43
Comprehensive coverage ($500 ded.)................................$80.52
Collision ($500 ded.)................................................................$370.71
Emergency road service........................................................$2.38
Property protection ($1mil)..................................................$13.23
Personal injury protection ($500k).................................$191.04
Death, dismemberment, loss of sight ($10k).................$1.40
Uninsured motorist ($250k; $500k)................................$29.45
Underinsured motorist ($250k; $500k)........................$12.97
Limited property damage ($3k).......................................$3.69

 

[got3fords]

USAA similar coverages. $879 every 6 month in Pa. I’m also 56. Oh and Full Tort.

Dude, I had to look that up. Now I know about tort. I be smarter now.

 

[Uncle Buck]

I'm in western Massachusetts and I pay $1026.75 with a $500 deductible to fully insure my 2024 Ranger.

 

[1996-to-2025]

$720.71 every 6 months with State Farm in Colorado (our rates are high due to frequent hail storms and a large number of motorists without insurance).

Bodily injury ($500k/$250k) - $79.47
Property damage ($250k) - $52.99
Medical payments ($5k) - $7.01
Comprehensive ($100/$100) - $113.67
Collision ($500) - $101.74
Road service - $1.14
Uninsured motorist ($250k/$500K) - $364.19

 

[Uncle Buck]

That's not a lot of money for property taxes man. I'm in SE Michigan. 1,000 square foot house, 2 car detached garage, and 0.13 acre lot. My property taxes are $3,800 a year.

Agreed. I live in a 1000sf 2 bedroom ranch on about 1 acre and my property tax is about $4200 a year.

Every state is going to tax you somehow. They just do it a little different. I'm in Massachusetts where we pay income tax. New Hampshire has no income tax, but they have sky high property tax, so it's not much of a incentive for me to move there.

People often complain about "Taxachusetts", but we are somewhere in the middle when it comes to our overall tax liability.

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