comment about insurance rates

sonic370 · 08-07-2011, 08:03 PM

This is not a rant just a comment........
Renewed my coverage Friday 6 months for 605.00.
But its just basic coverage with uninsured added and towing.
Does this seem about right. And why do they run
a credit check on you when its the law to carry insurance anyway.
You have to make the payments or its a fine big time here.

Vaughanabe13 · 08-07-2011, 08:07 PM

I pay about $380 every 6 months for comprehensive/collision with a 500 deductible. That's with a bunch of discounts applied for clean driving record and also a multiple-car discount. I'm under 25.

The credit check thing kind of sucks. I got a quote for insurance before buying my Z, then I got another quote after I bought it which was 8 bucks higher just because I applied for a couple auto loans. I did absolutely nothing wrong (and I have a great credit score) yet I have to pay more for insurance. The whole thing is pretty dumb.

theDreamer · 08-07-2011, 08:14 PM

Quote:

Originally Posted by sonic370

This is not a rant just a comment........
Renewed my coverage Friday 6 months for 605.00.
But its just basic coverage with uninsured added and towing.
Does this seem about right. And why do they run
a credit check on you when its the law to carry insurance anyway.
You have to make the payments or its a fine big time here.

Credit check is now used determined accident potential along with a few other variables.
Algorithms have been developed determine lower credit ratings have an increase in accidents, thus a higher premium.

cossie1600 · 08-07-2011, 10:59 PM

Got to love profiling

Red__Zed · 08-07-2011, 11:01 PM

Quote:

Originally Posted by theDreamer

Credit check is now used determined accident potential along with a few other variables.
Algorithms have been developed determine lower credit ratings have an increase in accidents, thus a higher premium.

Less an increase in accidents, more a likelihood to file a claim--which is a lot of what the insurance company cares about.

Bobaguy · 08-07-2011, 11:07 PM

Quote:

Originally Posted by Vaughanabe13

I pay about $380 every 6 months for comprehensive/collision with a 500 deductible. That's with a bunch of discounts applied for clean driving record and also a multiple-car discount. I'm under 25.

The credit check thing kind of sucks. I got a quote for insurance before buying my Z, then I got another quote after I bought it which was 8 bucks higher just because I applied for a couple auto loans. I did absolutely nothing wrong (and I have a great credit score) yet I have to pay more for insurance. The whole thing is pretty dumb.

Lol you don't have state farm do you? I'm 22 at 382 every 6 monthsfor the same coverage and deductible. If you guys want a similar rate give me a shout buddy of mines sells insurance and he will bust his *** to get a similar rate for you.

Cell · 08-07-2011, 11:28 PM

Quote:

Originally Posted by Bobaguy

Lol you don't have state farm do you? I'm 22 at 382 every 6 monthsfor the same coverage and deductible. If you guys want a similar rate give me a shout buddy of mines sells insurance and he will bust his *** to get a similar rate for you.

How long have you had your insurance at that rate for? I am paying around 640/6 months... I would love to have mine at that rate too.

McFrostyJ · 08-08-2011, 12:59 AM

$348 for 6 months full coverage with a $500 deductible.

MBLAQ · 08-08-2011, 02:23 AM

does modding cbe, suspension, intake void ur insurance?

Nick911sc · 08-08-2011, 06:18 AM

If you modify your car and don't report it to the company then expect only to be paid for OEM parts if you are in an accident.

gurneyeagle · 08-08-2011, 06:56 AM

Quote:

Originally Posted by cossie1600

Got to love profiling

Ever notice the difference between insuring a teenage girl vs. a teen age boy? Age is also a big factor too.

Fair or not, insurance companies have gotten pretty good at estimating risks. One area they have never gone is race/income level. Don't think they don't have stats on that as well. I'm not saying it's right, I'm just saying they probably have stats for it.

One of the advantages of being my age now (I'm 53 - yikes that's old!) is that the rates really doesn't change because of vehicle type. I carry a $1 million umbrella policy and the difference between a 2011 Z and my wife's 2007 MDX was $65 every six months.

That's with State Farm in Houston.

SPOHN · 08-08-2011, 08:04 AM

I pay $613 ever six months on my Z and my DD.

Vaughanabe13 · 08-08-2011, 08:47 AM

Quote:

Originally Posted by Bobaguy

Lol you don't have state farm do you? I'm 22 at 382 every 6 monthsfor the same coverage and deductible. If you guys want a similar rate give me a shout buddy of mines sells insurance and he will bust his *** to get a similar rate for you.

Yep, State Farm!

Drex · 08-08-2011, 10:40 AM

location has a lot to do with your rate, so its hard to compare rates from people living in different states (even in different areas within the same state).

Vaughanabe13 · 08-08-2011, 10:47 AM

Quote:

Originally Posted by Drex

location has a lot to do with your rate, so its hard to compare rates from people living in different states (even in different areas within the same state).

Agreed - one of the perks of living in the midwest. Everything is cheaper here.

08-07-2011, 08:03 PM	#1 (permalink)
sonic370 A True Z Fanatic Join Date: May 2010 Location: Orange Texas Posts: 1,574 Drives: 09 370Z Sports PGK Rep Power: 18	comment about insurance rates This is not a rant just a comment........ Renewed my coverage Friday 6 months for 605.00. But its just basic coverage with uninsured added and towing. Does this seem about right. And why do they run a credit check on you when its the law to carry insurance anyway. You have to make the payments or its a fine big time here.

08-07-2011, 08:07 PM	#2 (permalink)
Vaughanabe13 Enthusiast Member Join Date: Jul 2011 Location: Iowa Posts: 387 Drives: 09 Nissan 370Z M6 Rep Power: 13	I pay about $380 every 6 months for comprehensive/collision with a 500 deductible. That's with a bunch of discounts applied for clean driving record and also a multiple-car discount. I'm under 25. The credit check thing kind of sucks. I got a quote for insurance before buying my Z, then I got another quote after I bought it which was 8 bucks higher just because I applied for a couple auto loans. I did absolutely nothing wrong (and I have a great credit score) yet I have to pay more for insurance. The whole thing is pretty dumb. __________________ 2009 Nissan 370Z Touring, w/sport, 6MT, chicane yellow/black.

08-08-2011, 08:04 AM	#12 (permalink)
SPOHN A True Z Fanatic Join Date: Feb 2010 Location: Covington, GA Age: 45 Posts: 14,844 Drives: Waiting on next Z Rep Power: 221	I pay $613 ever six months on my Z and my DD. __________________

08-08-2011, 10:40 AM	#14 (permalink)
Drex Enthusiast Member Join Date: Apr 2011 Location: Maryland Posts: 498 Drives: '11 370z MB 6MT SP Rep Power: 14	location has a lot to do with your rate, so its hard to compare rates from people living in different states (even in different areas within the same state). __________________ 2011 Nissan 370z \| 6MT \| Magnetic Black \| Sport Package

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08-07-2011, 10:59 PM	#4 (permalink)
cossie1600 A True Z Fanatic Join Date: Jun 2009 Location: californee way Posts: 5,380 Drives: 370, Leaf Rep Power: 29	Got to love profiling

08-08-2011, 12:59 AM	#8 (permalink)
McFrostyJ Base Member Join Date: Jun 2011 Location: Honolulu, Hawaii Posts: 80 Drives: 2013 Corvette Rep Power: 13	$348 for 6 months full coverage with a $500 deductible.

08-08-2011, 02:23 AM	#9 (permalink)
MBLAQ Base Member Join Date: Jun 2010 Location: Australia Posts: 68 Drives: silver 370z Rep Power: 14	does modding cbe, suspension, intake void ur insurance?

08-08-2011, 06:18 AM	#10 (permalink)
Nick911sc A True Z Fanatic Join Date: Feb 2009 Location: Long Island, New York Posts: 1,698 Drives: 2010 Nissan GT-R Rep Power: 20	If you modify your car and don't report it to the company then expect only to be paid for OEM parts if you are in an accident.