$4000 insurance per year ... Why so expensive？

my2004Z · 03-27-2012, 01:40 PM

The best (and least offensive) answer that you will get will be from the insurance company themselves.

Elric · 03-27-2012, 02:02 PM

Oh! And 5. Spelled advance wrong while posting using my cell-phone.

Please. Give me a break...

BTW. Why the hate on the name I use here？
I don't get it.

Lug · 03-27-2012, 02:03 PM

There's a rule that says if you use the word expansive in place of the word expensive, the insurance company can expand your payments way way out to like $4k!

Elric · 03-27-2012, 02:05 PM

Why hating on the name I use on the forum？Like A lot of other users...not real name. come on.....

twinturbonet · 03-27-2012, 02:14 PM

Lol flaming the guy a bit much? That is pretty damn expensive. I pay 142 a month which adds up to about 1700.00 a yr. This is for a 2011 Nismo RED and I'm 29 yr old male.

PapoZalsa · 03-27-2012, 02:24 PM

Quote:

Originally Posted by Elric

Why hating on the name I use on the forum？Like A lot of other users...not real name. come on.....

They are just joking...you need thick skin to post here.

Remember it is a public forum!

TerribleONE · 03-27-2012, 02:37 PM

mtaxelson · 03-27-2012, 02:45 PM

Quote:

Originally Posted by Elric

Oh! And 5. Spelled advance wrong while posting using my cell-phone.

Please. Give me a break...

BTW. Why the hate on the name I use here？
I don't get it.

just kidding with ya...forreal tho I wish you all the luck spending all that monopoly $ *cough* i mean canadian $.

DarkJak · 03-27-2012, 02:48 PM

Hot damn, that is insane. I had to pay $1900/year and I thought that was expensive. However, this was after my mom had an accident in the G37 that cost $8000 in repairs and got a speeding ticket a few months before that. The way our insurance worked was that it was split between the family.

But I'm 18, and when we got the Z, I'd only been driving 2 years. Plus, we are asian, and we all know the asian stereotype when it comes to driving XD The only thing I had going for me was a perfect record and a good student discount, no driving classes in high school.

And $1900/yr was ridiculous, and we were able to get it down to $1600 a year a few months ago.

The 370z definitely shouldn't be THAT high to insure. I don't think accident rates are as high as a lot of other sports cars in this range, since it's usually sold to more mature drivers. Maybe they feel like they could charge that much due to lack of competition. OR maybe they expect you to wreck in the cold snowy months?

How much coverage do you have though? That could make a huge difference.

ChipsWithDips · 03-27-2012, 02:59 PM

Quote:

Originally Posted by TerribleONE

While I agree with this statement. Being young doesnt always mean less experience... I have already logged well over 100,000 miles being only 20.. Done off road racing, track days in my G, on my GSXR 1000. and done some driving schools... I think I could teach some older folks a thing or two actually!

I was speaking purely in the generalized reasoning that insurance companies use to calculate rates. You are a statistical anomaly.

Elric · 03-27-2012, 03:04 PM

Thanks for the feed back everyone. I need to check at ICBC on the insurance to see what and what is being charged. I only have the basic one 100 I suppose.
My record is all clean no accidents or any claims what so ever. The only ticket I ever got was from one BS parking meter. I paid for parking of course, but didnt see the 'tinniest sticker in the world' covered with dirt says no parking between 3-6pm..

TerribleONE · 03-27-2012, 03:12 PM

Quote:

Originally Posted by ChipsWithDips

I was speaking purely in the generalized reasoning that insurance companies use to calculate rates. You are a statistical anomaly.

I hear where you are coming from. I always get defensive when I hear that because we are not ALL like that!

zguynate · 03-27-2012, 03:18 PM

Quote:

Originally Posted by Nismo89

insurance prices factor in age, time you have been driving, any arrests, any DUI's, any accidents exc... not sure why yours is so high, is that 4k a year? holy crap

im paying $877 a year for full or maxium coverage. (travelers insurance) although i have no tickets, arrests, Wrecks or DUI's on my record

they told me the Z isnt considered a sports car because it doesnt have a turbo in it, they said if it had a turbo, oh yea the insrurance would sky rocket but mine didnt. so it went up and then 3 months later dropped 300 bucks to 877

Who do you have your insurance with lol. I'm 23 and paying $233 a month.

Also don't forget guys that location plays a major roll in price too.

Nismo89 · 03-27-2012, 07:32 PM

Quote:

Originally Posted by dragonbreath

Who do you have your insurance with lol. I'm 23 and paying $233 a month.

Also don't forget guys that location plays a major roll in price too.

lol when i actually bought the car i was 21 i turned 22 in may, bought the car April 4th, 2011. i have Travelers insurance

i called them up and asked and they said:

"what type of car is it?
" 2011 Nissan 370z" i said bracing for a high rate.
"does it have a turbo?"
"no it doesnt"
" well then its not considered a sports car to us, your rate a year only increases a few hundred a year."

my parents were banking on the insurance sky rocketing and me having to give the car back. then the call came in and they were all ears listening in and when they heard that they both looked at each other like "well sh*t..... that backfired on us"
"really?!?!"
" yes if it had a turbo then yes it would be a sports car to us"

and THEN not 5 months or so later, i get a letter saying "dear Mr Gainey, we have reviewed your policy and your record and due to your outstanding driving, no arrests, no DUI's no crashes, your rate has dropped 300 dollars.

sonic370 · 03-27-2012, 08:38 PM

i pay 95.00 a month for my 09.... or 1200 a year whatever......
sorry i don't trust insurance companies.. i think a agent will quote whatever
he thinks he can get away with... i got quote's from 4 different agents
ranging from a high of 3000.00 a year down to what i bought.........

03-27-2012, 02:03 PM	#18 (permalink)
Lug A True Z Fanatic Join Date: Dec 2008 Location: Texas Posts: 1,926 Drives: 2006 350Z Rep Power: 19	There's a rule that says if you use the word expansive in place of the word expensive, the insurance company can expand your payments way way out to like $4k! __________________ keep Chubbs in your pocket - Chubbs

03-27-2012, 02:14 PM	#20 (permalink)
twinturbonet Enthusiast Member Join Date: Mar 2012 Location: Miami, FL Age: 41 Posts: 335 Drives: 11' Z #024 - SFZCC Rep Power: 13	Lol flaming the guy a bit much? That is pretty damn expensive. I pay 142 a month which adds up to about 1700.00 a yr. This is for a 2011 Nismo RED and I'm 29 yr old male. __________________

03-27-2012, 02:37 PM	#22 (permalink)
TerribleONE A True Z Fanatic Join Date: Jan 2009 Location: Socal Posts: 10,203 Drives: WOT Rep Power: 5850	__________________ 638WHP 541WTQ @ 13.5PSI Build thread

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03-27-2012, 01:40 PM	#16 (permalink)
my2004Z Enthusiast Member Join Date: Apr 2009 Location: New Mexico, USA Posts: 285 Drives: 09' 370Z w/Sport 7AT Rep Power: 37	The best (and least offensive) answer that you will get will be from the insurance company themselves.

03-27-2012, 02:02 PM	#17 (permalink)
Elric Base Member Join Date: Aug 2011 Location: Vancouver, B.C. Canada Posts: 35 Drives: 09 Nissan 370Z MB M6 Rep Power: 13	Oh! And 5. Spelled advance wrong while posting using my cell-phone. Please. Give me a break... BTW. Why the hate on the name I use here？ I don't get it.

03-27-2012, 02:05 PM	#19 (permalink)
Elric Base Member Join Date: Aug 2011 Location: Vancouver, B.C. Canada Posts: 35 Drives: 09 Nissan 370Z MB M6 Rep Power: 13	Why hating on the name I use on the forum？Like A lot of other users...not real name. come on.....

03-27-2012, 02:48 PM	#24 (permalink)
DarkJak A True Z Fanatic Join Date: Jun 2011 Location: Madison, WI Posts: 1,390 Drives: 2009 370Z Rep Power: 13448	Hot damn, that is insane. I had to pay $1900/year and I thought that was expensive. However, this was after my mom had an accident in the G37 that cost $8000 in repairs and got a speeding ticket a few months before that. The way our insurance worked was that it was split between the family. But I'm 18, and when we got the Z, I'd only been driving 2 years. Plus, we are asian, and we all know the asian stereotype when it comes to driving XD The only thing I had going for me was a perfect record and a good student discount, no driving classes in high school. And $1900/yr was ridiculous, and we were able to get it down to $1600 a year a few months ago. The 370z definitely shouldn't be THAT high to insure. I don't think accident rates are as high as a lot of other sports cars in this range, since it's usually sold to more mature drivers. Maybe they feel like they could charge that much due to lack of competition. OR maybe they expect you to wreck in the cold snowy months? How much coverage do you have though? That could make a huge difference.

03-27-2012, 03:04 PM	#26 (permalink)
Elric Base Member Join Date: Aug 2011 Location: Vancouver, B.C. Canada Posts: 35 Drives: 09 Nissan 370Z MB M6 Rep Power: 13	Thanks for the feed back everyone. I need to check at ICBC on the insurance to see what and what is being charged. I only have the basic one 100 I suppose. My record is all clean no accidents or any claims what so ever. The only ticket I ever got was from one BS parking meter. I paid for parking of course, but didnt see the 'tinniest sticker in the world' covered with dirt says no parking between 3-6pm..

03-27-2012, 08:38 PM	#30 (permalink)
sonic370 A True Z Fanatic Join Date: May 2010 Location: Orange Texas Posts: 1,574 Drives: 09 370Z Sports PGK Rep Power: 18	i pay 95.00 a month for my 09.... or 1200 a year whatever...... sorry i don't trust insurance companies.. i think a agent will quote whatever he thinks he can get away with... i got quote's from 4 different agents ranging from a high of 3000.00 a year down to what i bought.........