Let's Talk About Insuring Our Broncos

Yeah, and what about all the options and gear and upgrades we "invest"* in? For a lot of us, that's serious change. I'd hate to have a Boston idiot wreck my Badlands and get a pittance for it. But that's what insurance companies do.

Rates are going up across the board with all companies. Parts, labor, along with all the electronic upgrades (cameras, sensors, etc.) cars now have cost a lot more than they did just a couple years ago. The insurance company is suppose to make you whole again after a loss. If your car is a year old and gets totaled, it cost a lot more than it used to to replace it with the cost/value of an equal car to replace it with. No different than groceries, gas, rent, and everything else we buy. The word is inflation. As far as all the accessories, most auto insurers will let you add that coverage for additional premium. Just ask your agent. As far as company, I would recommend one of the well known ones like State Farm, Allstate, etc. I would use a company with an agent you can actually see personally if you need to. The online 1-800 stuff is great until it is not. What I mean is if you have a claim and get the run around, you need someone you can look at and communicate with. Not put on hold with a claims dept. for an hour or so and still no help. Just my thoughts after being in the business over thirty years. Good luck and yes higher rates are uncool but so are higher interest rates, gas prices and the price increase on all of the accessories I am buying for my Bronco.

BuckYeah

I'm looking for recommendations for insurance companies. Despite a clean record and an excellent credit score, I'm getting steep insurance rate quotes for my Bronco. Can anyone recommend an insurance carrier that offers reasonable rates? All feedback is welcome! 😉

100% AGREE with this post.... its outrageous.

I did find a reasonable bundled price on All-State between the Bronco and the wife's Acadia. Not too shabby in the grand scheme of things...

I hear ya. What kills me is I just came out of a 2019 Dodge Challenger R/T Scat Pack... a MUSCLE CAR. The rate PEMCO quoted me was nearly four times what it cost me to insure the Dodge! I may go back to State Farm. I had them for years because their rates and service were pretty good. Still, they gave me a steep estimate to insure the Bronco a few months ago. I've got some time, so I will check the rates of all the major carriers.

Does anyone have any experience with those companies that comparison shop for you? Can anyone here vouch for them?

LCDRBronco24
100% AGREE with this post.... its outrageous.

I did find a reasonable bundled price on All-State between the Bronco and the wife's Acadia. Not too shabby in the grand scheme of things...

Great point. Any time you can add more things it will give you discounts. Usually one of the biggest discounts is having auto and home with same company. It is usually a very substantial discount.

Another thing one might consider is getting a higher collision deductible. That will lower the premium quiet a bit. The comprehensive deductible (rock slings up and hits windshield, limb breaks and falls on hood) can be quiet low like $0, $50, or $100. It is very inexpensive compared to low collision deductible. If you had an accident how much of a bind would it put you in if you had to come out of pocket $1000, $1,500, etc. Might be easier than pay a higher premium for years and never even need it.

PEMCO gave me rates based on a $500 and $1,000 deductible and combined it with a renter's insurance policy. All of their estimates were astronomical. Like $310 a month! I'm married, have no kids, and I walk to work, yet they wanted to charge me over $310 a month for insurance. And that was their best-case scenario. It's highway robbery! (More like "driveway" robbery.) 😝

The only thing that may weigh against me is that I haven't insured a car in over a year. Perhaps that's a factor; I have no track record with them. What else could it be?

I have Allstate and have multiple auto and home and wife’s life. So I guess thats a best case scenario, I also keep my deductible at $1000 because I figure if I have a decent accident then 1000 is still gonna be less than any repair. I also got G.A.P. Insurance when I got my loan just in case. I think insurance is bullshit and should be illegal.

$1600/yr with Safeco[Insure 4 other vehicles + home + clean record + 77 years old]Would have been $2100+ if only vehicle + no homeowners.Agent searching when all policies renew.Thought it would be high when made reservation 7/17/2020.Took delivery 10/6/2022,
Insurance Companies love taking your cash but raise rates whenever they have to payout claims!!!

So many factors go into the rate....State, Annual Mileage, Bundling, Age, History, etc..... I'm old, in Florida, drive like an old lady, less than 2,000 miles annually and don't let my wife behind the wheel. So.....not to bad of a rate.

radar3d

I have Allstate and have multiple auto and home and wife’s life. So I guess thats a best case scenario, I also keep my deductible at $1000 because I figure if I have a decent accident then 1000 is still gonna be less than any repair. I also got G.A.P. Insurance when I got my loan just in case. I think insurance is bullshit and should be illegal.

Everyone hates insurance, until they need it. Kind of like lawyers.

Not sure why the rate you are getting is so high? I have a 2016 FUSION and a 2022 BRONCO OUTER BANKS 2dr I pay $600.00 every 6mts. I have GEICO been with them for the last 12yrs.

AuerGang

Everyone hates insurance, until they need it. Kind of like lawyers.

It’s bullshit, you pay high rates and if they have to pay anything they raise those high rates to compensate for it….. It’s garbage and the fact it’s required by law only proves my point that the govt has to force you.

BuckYeah

I hear ya. What kills me is I just came out of a 2019 Dodge Challenger R/T Scat Pack... a MUSCLE CAR. The rate PEMCO quoted me was nearly four times what it cost me to insure the Dodge! I may go back to State Farm. I had them for years because their rates and service were pretty good. Still, they gave me a steep estimate to insure the Bronco a few months ago. I've got some time, so I will check the rates of all the major carriers.

Does anyone have any experience with those companies that comparison shop for you? Can anyone here vouch for them?

Yeah, when I got my first full 6 month insurance bill from State Farm, I wasn't too happy. It was around $770 for 6 months with zero comprehensive deductible and $100 deductible for collision. I've been with them for 43 years with multiple cars plus home so quite a few discounts. I asked about raising the deductibles, but it really didn't put a dent in it. They suggested that I try their "Drive Safe and Save" module in the car which I had always declined. I decided to give it a try and it saved me $70 every 6 months. They said the biggest thing it looks at is mileage which I would think you would benefit from.

radar3d

It’s bullshit, you pay high rates and if they have to pay anything they raise those high rates to compensate for it….. It’s garbage and the fact it’s required by law only proves my point that the govt has to force you.

You can get liability coverage only. That is all the law requires. That will be much much less expensive. It will be almost like beating the insurance companies.

Deano Bronc

Yeah, when I got my first full 6 month insurance bill from State Farm, I wasn't too happy. It was around $770 for 6 months with zero comprehensive deductible and $100 deductible for collision. I've been with them for 43 years with multiple cars plus home so quite a few discounts. I asked about raising the deductibles, but it really didn't put a dent in it. They suggested that I try their "Drive Safe and Save" module in the car which I had always declined. I decided to give it a try and it saved me $70 every 6 months. They said the biggest thing it looks at is mileage which I would think you would benefit from.

It does look at mileage. It also looks at where you drive, haw fast you drive, how fast you brake, and what time of day you drive. Hi traffic times etc. Driving in hi populated areas or rural. Building data base for future rates.

I switched from Nationwide ($140 month for my old F150 + renters) to Travelers ($82 month) when I got my Bronco. The $82 per month is for full coverage, $500 deductible, and includes glass replacement with a $50 deductible. I use an independent agent..it does help that I work from home, so no commuting, and thus the vehicle is classified as a pleasure vehicle instead of commuter. I also have a renters policy with them, so I get a multi-policy discount as well.

I'm sure most know this already, but for those that don't---If you have your Bronco financed, your finance company/bank/credit union will require full coverage to be carried at all times during the period it's financed. Most have a maximum deductible requirement of no more than $1K, and if your current policy lapses, they can--and likely will add a CPI (forced placed insurance) to your monthly payment (it's expensive) until you can provide proof of current insurance. They don't do it to protect you, they do it to protect their asset.

Well I’ll be watching this closely.

I currently have Travelers… but only because I was employed by them up until about a month ago. I didn’t work in the insurance side of the business, so unfortunately I don’t have any juicy insider information to share. (I actually know very little about insurance in general.) But it is kind of an unspoken rule that Travelers’ auto rates are high, and they make up for it with very competitive home insurance rates.

Although based on @frdfan post maybe I won’t be switching after all. I’m up for renewal this month, and I have to make changes anyway—new job is fully remote so I’ll no longer have a daily driver on my account… so I’m expecting the rate to go down slightly. I’ll let everyone know what it ends up being.