It can vary enormously based on risk factors, choice of car, and quantity of coverage, but that does still sound extremely high to me. I think even if you’re a 25-yo male with pretty generous coverage above minimum liability, you probably won’t be paying more than ~$300/mo unless you have recent accidents on your record. Gas costs obviously scale ~linearly with miles driven, but even if your daily commute is a 40 mile round-trip, that’s still only like $200/mo. (There are people with longer commutes than that, but not ones that you can easily substitute for with an e-bike; even 20 miles each way seems like a stretch.)
Thank you both for calling this out, because I was clearly incorrect. I was trying to recall my wife’s initial calculation, which I believe included maintenance, insurance, gas, and repairs.
I think this is one of those things where I was so proud of not owning a car that the amount saved morphed from $8k to $10k to $15k in the retelling. I need to stop doing that.
Also, I’m feeling some whiplash reading my reply because I totally sound like an LLM when called out for a mistake. Maybe similar neural pathways for embellishment were firing, haha.
It can vary enormously based on risk factors, choice of car, and quantity of coverage, but that does still sound extremely high to me. I think even if you’re a 25-yo male with pretty generous coverage above minimum liability, you probably won’t be paying more than ~$300/mo unless you have recent accidents on your record. Gas costs obviously scale ~linearly with miles driven, but even if your daily commute is a 40 mile round-trip, that’s still only like $200/mo. (There are people with longer commutes than that, but not ones that you can easily substitute for with an e-bike; even 20 miles each way seems like a stretch.)
Thank you both for calling this out, because I was clearly incorrect. I was trying to recall my wife’s initial calculation, which I believe included maintenance, insurance, gas, and repairs.
I think this is one of those things where I was so proud of not owning a car that the amount saved morphed from $8k to $10k to $15k in the retelling. I need to stop doing that.
Also, I’m feeling some whiplash reading my reply because I totally sound like an LLM when called out for a mistake. Maybe similar neural pathways for embellishment were firing, haha.