Study: Average lifetime car insurance costs estimated at $84,000

Filed under: Etc., Safety

Iggy Pop car insurance bus ad

Unless you live in New Hampshire, here in the States, you’re required to have some form of car insurance covering your vehicle. The annual cost to insure a car depends on an array of factors ranging from the type of vehicle to where you live to your driving record. You undoubtedly know what you pay for insurance on an annual or monthly basis, but do you know how much you will end up paying over the course of your driving life? According to Insurance.com, the average person will spend $84,388.

What does ‘average’ mean in the context of this study? In this case, researchers assume that you first insure your own vehicle at 21 years old, get married at 27, insure two teenagers for a few years and then stop driving when you turn 75. That passage of time is filled with a variety of claims, including accidents and other incidents that get sent across your insurance agent’s desk.

Predictably, Insurance.com offers up a few suggestions for cutting your overall coverage expenses. Some are easier said than done (avoid traffic tickets) while others might actually be fun (defensive driving course). Check out the company’s press release for the full details after the jump.

[Source: Insurance.com | Image: Flickr/jcrakow via CC2.0]

Continue reading Study: Average lifetime car insurance costs estimated at $84,000

Study: Average lifetime car insurance costs estimated at $84,000 originally appeared on Autoblog on Fri, 11 Feb 2011 18:59:00 EST. Please see our terms for use of feeds.

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Lifetime membership to Skip Barber available for $295,000

Filed under: Etc.

You can buy a lot of sports car for $295,000. A fully loaded Lamborghini Gallardo; an Audi R8 and matching R8 V10; three Nissan GT-Rs and a Mustang GT; a 911 Turbo, a Cayman and a Boxster… we can play that game all day. But buying a great car (or cars) is just part of the equation. Insurance, storage, fuel and track time can add up quickly, even for the well-off among us, but the folks over at Skip Barber have a different idea.

The world-famous driving school is offering a lifetime pass for a not so affordable $295,000, but that lofty figure includes just about all the learning and racing your heart desires. Lifetime Fast Fast Pass owners can register for an entire season in advance, race at one of the school’s 10 tracks or show up at any event and fill any open spots. One thing lifetime pass owners can’t do is bump another driver from a purchased spot; a damn good rule if you ask us.

The latest offer from Skip Barber comes after the driving school offered a $150,000 unlimited pass, $100,000 national pass or a $75,000 regional pass. School officials are gauging interest in the passes, and if too many die-hard drivers purchase a lifetime pass a cap may be placed on the amount of available spots. If you’ve got the means, get in quick.

[Source: Skip Barber]

Lifetime membership to Skip Barber available for $295,000 originally appeared on Autoblog on Tue, 10 Aug 2010 13:58:00 EST. Please see our terms for use of feeds.

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GM follows Chrysler into the lifetime warranty business… with Vauxhall

Filed under: Car Buying, Europe, Vauxhall

That’s right. General Motors has taken the bold step of offering a lifetime warranty with all new Vauxhall vehicles it sells. Not surprisingly, the warranty is non-transferable and is only good for the first 100,000 miles on the odometer – apparently their definition of ‘lifetime’ is a bit different from that of Chrysler. Unlike their crosstown rivals, however, the guarantee covers most of the vehicle’s major systems, including the engine, transmission, steering, brake and electrical components. Not too shabby. The company is even looking into a way to offer the remainder of the warranty to second owners, which shows a pretty sizable amount of confidence in the company’s build quality as of late.

Interestingly enough, we haven’t heard a peep about similar programs for Vauxhall’s twin, Opel, or any of The General’s other deserving children. Here’s hoping that GM is using the Vauxhall warranty as a testbed for the rest of the family. Few things help move cars quicker than the peace of mind that comes along with the knowledge that the dealer will take care of any woe you have down the line. Similarly generous warranties have helped both Hyundai and Kia establish themselves here in the States, and they’d probably go a long way towards rebuilding consumer consideration. A bigger and perhaps more interesting question is, will this same guarantee apply to the forthcoming Vauxhall Ampera?

Hit the jump for a look at the official press release. Thanks for the tip, Lesbert!

Gallery: Vauxhall Ampera

[Source: Vauxhall]

Continue reading GM follows Chrysler into the lifetime warranty business… with Vauxhall

GM follows Chrysler into the lifetime warranty business… with Vauxhall originally appeared on Autoblog on Thu, 05 Aug 2010 13:31:00 EST. Please see our terms for use of feeds.

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