1988 Toyota Pick-up
2004 Toyota 4 Runner (Kid)
2014 F150
2018 Toyota Land Cruiser
2019 F350
Total per year is $1,992 for full coverage insurance. I have to pay it all at once, no monthly or semi annual installments. I think that is cheap.
I'm also an Actuary and have done claims projections and pricing for auto companies before. Some notes on how the pricing works.
1. Even if you have multiple cars, you can't drive more than one at a time. So with multiple cars, there are statistics on how much each one car really be driven in a year. The more cars you have the less any one car is on the road and the pricing reflects that. Rates have a variable of miles driven per year/car. The bigger your dominator, the smaller your numerator.
2. The most costly cars to insure are the cars with the least amount of safety features. Cars with lane keeping, blind spot monitoring, etc are a lot cheaper to insure than an old truck with a lap belt.
3. The replacement cost of a car is actually pretty small in the pricing of insurance. It's the amount of medical lives that a car can hold that really impacts price. For example, what cost more to insure...a brand new Porsche or 15 passenger van? The 15 passenger van is the most expensive car to insure on the road, not because of the replacement cost of the vehicle, but the medical lives that thing holds.
4. Avoid adverse selection. Multiple cars insured are alway cheaper than a single car insured. If your married have more than two cars, if your single have more than one car. The logic here is if your in an accident and have no other car to fall back on and are dependent on long term rentals, the insurance price will reflect that.
If you know the game, you can get pretty good rates.
