GX 550 Insurance

mahlogic

New member
May 22, 2024
11
7
PA
I got a new GX550 OT, and got my insurance bill today...about 2X of what I pay for my 2022 GX. Paying about $380/m (I have an 18 year old in my policy). Any good alternatives out there?
 
I got a new GX550 OT, and got my insurance bill today...about 2X of what I pay for my 2022 GX. Paying about $380/m (I have an 18 year old in my policy). Any good alternatives out there?
Quick update...I quoted all my auto insurance, got Progressive to lower it quite a bit, lower than my old GX...to about $130/month.
 
I just got a quote from Progressive and they’re half of what I’m currently paying with Geico! Granted, I did increase one of my deductibles, but all coverage is virtually the same.
 
my GX was actually cheaper to insure my name 2019 NX, even with new car replacement coverage on the GX
 
My 2013 Land Rover LR4 was about $160 per month through American Family and they jumped the price up to $336 per month for the GX550. This prompted me to bid out all my insurance (3 cars and 3 homes). State Farm won and my total annual premiums dropped from nearly $13k to just over $7k. My new State Farm rate for the GX550 is $155 per month - I could have saved another $20 per month on each auto if I agreed to let them implant "safe driver" commie spy devices in each vehicle (hell no).

This was after nearly 30 years with American Family, no young drivers on the policy, I'm just over 50 and my wife is just under 50. I upped the deductible from $250 to $500 with State Farm but I also upped the coverage from $100/300k to $250/500 for bodily injury and uninsured/underinsured motorist. And I also purchased a $1M personal liability umbrella policy for the 3 autos. The umbrella is only about $17 additional per month with the extra savings it provides on the 3 autos.
 
Ours went down after switching from a 2015 ML350.

Insurance will vary wildly between brands and where you live.
 
$336 per month was ridiculous. I'm also shopping for a gently-used 911 and American Family was only estimating about $240 for a 911 that costs about the same as the new GX. That makes no sense to me.
 
my current insurance wanted $433/month!!!...... move it over to Tesla insurance (need to have a Tesla) with better coverage for a little over $200/month
 
I added it to my policy with my other cars and my total only went up $300 (I pay every six months). $50 a month for an $83k vehicle surprised the heck out of me. I pay about $1800 every six months for three vehicles and the OT+ isn’t the most expansive. just got it yesterday.
 
my current insurance wanted $433/month!!!...... move it over to Tesla insurance (need to have a Tesla) with better coverage for a little over $200/month
Have you filed a claim yet? It seems to mimic their other post-sales service experience: awful :( I just scheduled my SIXTH service appt to fix the front USB ports in my 2019 Model 3.
 

GX550 Poll

  • 2 weeks

    Votes: 3 10.0%
  • 1 - 2 months

    Votes: 6 20.0%
  • 3 - 5 months

    Votes: 2 6.7%
  • More than 5 months

    Votes: 19 63.3%
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