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.

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.

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.

Got to love profiling

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

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.

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

does modding cbe, suspension, intake void ur insurance?

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.

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.

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

Yep, State Farm!

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.