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.
Is $15k a year typical for car insurance? In the UK it’s a few hundred dollars a year at most unless you’re a very young or very risky driver.
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.