This discussion is useless without numbers.
My insurer is State Farm. Been with them for 46 years.
We have a 2017 Ford Escape. We drive about 6,000 miles a year. We have one car, but we do bundle with our homeowners insurance. No accidents that are our fault, but we were hit by a young driver about 3 years ago.
We are paying $135 a month.
Anyone else willing to share?
2025 BMW 330 IX about ~$2K a year. My 16 year old Lancer Evolution was about $1.6K a year before I traded it in for the BMW. That was with a $2K deductible. The BMW has some nice power but isn't a high end performance car. It has around 250 HP...
It also depends greatly upon where you reside.
My residency in Florida.
My previous residency was Iowa.
Florida, with No-Fault and crazy (and uninsured illegals) rates are huge compared to what I paid (and what family members still living in Iowa pay)
That said, my annual car tag renewal in Florida is less that $50. In Iowa they have personal property tax on vehicles that is collected with your tag renewal. That is around $400 per year on any car less than 5 years old.
I have a 2010 Escape. Only have liability. No accidents or tickets. Drive about 5 k a year. Progressive. 135/month. Would be cheaper but I live in Myrtle Beach. Where a wreck happens every second. 😎