Very expensive to insure the Maverick

[Porsche Guy]

Have you tried Fords insurance. Mine dropped from 200+ to 98 with better coverage.

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[BlueOval1954]

The executives have to eat too. The CEO of State Farm Michael Tipsord, took in $24.4M in 2022. He was just ahead of the CEO of the CEO of Travelers who took in $20MM and the CEO of Allstate who took in almost $19M. Liberty Mutual is 4th with over $15M.

How much does Jake at State Farm get ?

 

[Big Swede]

How much does Jake at State Farm get ?

Probably quite a bit. He has to compete with Flo and the Ostriches.

 

[Big Swede]

Then YOU should know that the salary of the top guy does NOT affect the cost to customer much at all. You replied that the insurance is expensive due to CEO salaries and I proved it adds 27 cents to the cost. Please tell me as the President or CEO of your business you take NO salary. Insurance is in business to make money not provide a free service.

So you’re the one person that thinks Carlos Tavares was worth the money up until he screwed up because Stellantis sold a lot of cars even before he got there.

 

[AircraftEngineer]

Hello,,
I am very close on closing on a 2025 Maverick and checked with State Farm about the insurance of a 2025 Maverick XL, AWD, Hybrid. Almost fell out of my chair when I received the quote. It was originally $ 284.77 and it was then reduced to $ 212.68 which is still very very expensive.
On my current policy with 2 cars (2018 Passat and a 1990 LS400) plus two motorcycles I pay less than that - also with the same State Farm agent. Of course they sent me the typical excuse about all of the safety features cost replacement etc.

Was wondering if this is a general issue with the Maverick or if State Farm is trying to take advantage of the situation? Would be interesting to know who much you guys pay on full coverage and a $ 500.00 deductible?

Thanks,
Mario

I'm paying $82 a month prepaid full year with Auto Owners. 2025 Lariat, $1K deductible.

 

[MakinDoForNow]

This was headlines in my online paper in Texas this am! DONT CARRY MINIMUMS!!!
Driver, his father, and horse company named in suit
A wrongful death lawsuit filed Aug. 18 in the U.S. 281 crash last month that killed five young women is seeking over $1 million for gross negligence from three parties involved, including the driver accused of causing the wreck.

 

[MakinDoForNow]

But the Gecko and Flo said all I need is the minimum.

They are not the first who have listened to govt!

 

[Timothyd]

So to add my experience, I added my 2025 Lariat to the policy for my other two vehicles; a 2017 F150 loaded King Ranch, my wife's 2022 Lincoln Corsair. The premiums went up from $87 monthly to $141 monthly. I use USAA.

I checked around. They're all going up.

 

[gp1200x]

I am in NY and had four cars,,,one driver...now down to 3.... the Maverick, GT500 and C8 Corvette. The GT500 and C8 are under Grundy and is it less than 2K per year total and they will pay out the full value of the car if it is in an accident based on negotiated values....set at 150K. Now I have a 40K Maverick and my yearly insurance (200 ded.) is about 750 a year. Grundy would no let me add the Maverick to my current Grundy policy so I had to put it on my Hartford AARP policy....and it was about double of what my Escape was! Adding second and 3rd cars would be cheaper add ons but I think the issue with the Maverick is the cost of repair parts and the fact that a lot of them are scraped as salvage more often then other vehicles in this same price range. Based on Grundy's rates I had figured about 500 max for the Maverick...nope!

 

[Escapologist]

My paperwork came in... yeah looks like there's some across the board 10%-ish rise since last renewal. Then my snow tire discount dropped off because I haven't actually got snow tires for the new vehicles yet as it's between seasons so nobody has any. Then also individually, my Versa I was keeping on bare minimum so I can drive it around and see if I can get it's niggles ironed out before I pass it along, has had a rise in it's liability and accident injury premiums, such that it is actually more than the Maverick for that. Anyway, those rises "shaded" the total increase from Maverick....

So turns out it's only ~20% higher than 2025 Ford Escape PHEV for same cover. Not too bad I guess since Versa looks worse on the 3rd party stuff. Gotta get that shaped up and shipped out and some winter rubber and trim this bill down still though.

 

[Phimosis]

This was headlines in my online paper in Texas this am! DONT CARRY MINIMUMS!!!
Driver, his father, and horse company named in suit
A wrongful death lawsuit filed Aug. 18 in the U.S. 281 crash last month that killed five young women is seeking over $1 million for gross negligence from three parties involved, including the driver accused of causing the wreck.

The driver’s insurance is going to refuse to pay out because he was DUI. And he had 2 prior DUI convictions, which means his high risk insurance policy is for sure going to have terms that exclude coverage in the event illegal acts or reckless behavior.

 

[Jimmyland]

Hello,,
I am very close on closing on a 2025 Maverick and checked with State Farm about the insurance of a 2025 Maverick XL, AWD, Hybrid. Almost fell out of my chair when I received the quote. It was originally $ 284.77 and it was then reduced to $ 212.68 which is still very very expensive.
On my current policy with 2 cars (2018 Passat and a 1990 LS400) plus two motorcycles I pay less than that - also with the same State Farm agent. Of course they sent me the typical excuse about all of the safety features cost replacement etc.


My 2023 Maverick EB Lariat is less than my 2021 Volvo XC40 to insure thru USAA.

Was wondering if this is a general issue with the Maverick or if State Farm is trying to take advantage of the situation? Would be interesting to know who much you guys pay on full coverage and a $ 500.00 deductible?

Thanks,
Mario

 

[Frenchy6784]

my old company quit writing in CA, then swithed me to one of their other companies and increased my rate by $700. Went shoping found Progesssive at $758 for 6 months; less than half of what the new company wanted

 

[Frenchy6784]

Exact same coverage and deductible

 

[dochawk]

The driver’s insurance is going to refuse to pay out because he was DUI.

They're going to be on the hook for, at least, state minimums to the third parties (which won't really put a dent in this kind of damages). They can probably sue him to get it back (good luck, taking 12c/week from prisoner #877676's 40c paycheck), but the liability is locked in.

I can't imagine that any state that mandates minimum coverage would create a DUI exception (but, state legislatures are even more prone than Congress to do weird and stupid things, so maybe there are one or two out there . . .)

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