Yep, I sold my car over a year ago. Nothing fancy, just a Ford Focus Mk3 revised. The increase in insurance could not be justified by my driving only 14 miles a week. So I descended to the level I should really be at; that of bus and Uber user. To be fair it was not just the insurance, the MOT, car tax and servicing charges all mounted up. I had bought it as a mum mobile and motorized shopping trolley. I still need it though as my mother's mobility is poor. However, living in London you realize the home and the car are the two methods of taxing people into penury. Regardless, with your aid I can dream of owning this car.
My friends and I who own Taycans pay massive amounts for insurance. We are all in our 40s and we are paying $225 a month MINIMUM on 4S' to $575 a month on turbos and GTS models - AND that is with $2500 to $5000 deductibles in Toronto. Those are minimum deductibles that are already set from insurance. You cannot change them - Collision and comprehensive - good luck changing the windshield and trying to claim it! nope!! On average we pay $300 a month with great records and excellent driving history. The cars are expensive AND the massive fraud and vehicles stolen have affected us also. So yes - owning a Taycan is VERY EXPENSIVE! Great video as always - Thank you
corporate greed, you can make up multiple excuses but when all is said and done go look at the year on year profits declared by the insurance companies and they are going up significantly in line with premium increased
My total annual insurance with own damage / third-party, natural disasters (flood and others), fire, theft, assistances and a bunch of other things, is 2400,00 euros here in Portugal. I always chose the middle option (does not cover fire and own damages). If I had chosen it, it would cost 680,00 euros. But I'm not that crazy :D
I don’t think there is any real competition in the insurance market, nothing radical. That might change with properly connected cars. Another well researched video.
I think which car massively influences the cost based on the risk. I recently treated myself to Mustang Bullitt and it is 10% cheaper to insure with no NCB than my 10 year old Mazda is with max NCB. 5000 lower miles per year on the mustang is the only other variable.
