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

Snakes709 · 05-13-2012, 09:46 AM

To the OP, dont feel so bad, i was paying $5300 a year but that was with 1 accident and 2 tickets and i was 23 at the time. My SRT-10 Ram was 2000 a year and now the EvoX is 2300 a year. No tickets, no accidents and im 25 now.

IDZRVIT · 05-13-2012, 08:20 PM

I pay just under $1000 full coverage. So it's comparable to what our friends to the south of us are paying.

MattP725 · 05-13-2012, 08:30 PM

Insurance companies simply have some type of mathematical algorithm for assessing risk of loss. There is usually large variations between companies as they each weigh different risk factors differently. Try another company and you might find a shockingly large variation.

They also don't care about your "experience" over those in your same category. You are going to be pooled with 20-somethings that have never driven and the same ages with lots of road experience.

Cafiax · 05-14-2012, 02:45 PM

^that is disgusting..

bdavis89 · 05-14-2012, 02:47 PM

Deductible

DJ-of-E · 05-14-2012, 04:43 PM

It's stuff like that is the reason why it's really expensive buying insurance in California as a young kid. You don't hear it all the time, but I do pay attention to the local news and such news with age group appears more often publicly. (Maybe there's more in other age groups, but who knows).

When I was 18, I had a 1985 Toyota Celica GT-S. Car was valued $800. My insurance cost nearly $2400 a year on just liability.

robones · 06-13-2012, 10:19 AM

I am currently paying $107 a month in Miami, FL. Full coverage 100/50/30 i think. The driving "profile" used by All State is a single male 30 years old.

I recently got married and I just called my insurance company to update my "profile" to married status. Statisctically speaking, a married person has a less chance to get into an accident then a single person.

I am trying to get my coverage below $100.00 dollars. I am also adding my wife's car to my policy to get a multi car coverage discount as well. Maybe I get below $90.00 or $80.00 a month. LOL lets see.

Footloose301 · 06-15-2012, 01:32 AM

I'm at $102 thru Progressive. 26 years old. Single. Renting. One "at fault" accident(total loss).

I had a used 2009 370Z(totalled now) which was $130/month
...then upgraded to a more expensive brand new 370Z and my insurance dropped to $98/month at the time. Slowly moved to $102 now 1.5 years later

05-13-2012, 09:46 AM	#1 (permalink)
Snakes709 A True Z Fanatic Join Date: Aug 2009 Location: Edmonton Posts: 1,205 Drives: 2011 Evo-X GSR Rep Power: 18	To the OP, dont feel so bad, i was paying $5300 a year but that was with 1 accident and 2 tickets and i was 23 at the time. My SRT-10 Ram was 2000 a year and now the EvoX is 2300 a year. No tickets, no accidents and im 25 now. __________________ 2011 Evo-GSR AMS 2.4 stroker/ bore, FP Black build in progress. Sponsor: DSG Performance

05-13-2012, 08:20 PM	#2 (permalink)
IDZRVIT A True Z Fanatic Join Date: May 2009 Location: Halifax Posts: 1,659 Drives: '13 CTS-V, '76 Vette Rep Power: 28	I pay just under $1000 full coverage. So it's comparable to what our friends to the south of us are paying. __________________ "America.... still builds rockets!" Vette: 355 cid, 400 rwhp '13 CTS-V Coupe: 6.2L LSA, 556HP

05-14-2012, 02:45 PM	#4 (permalink)
Cafiax Enthusiast Member Join Date: Nov 2010 Location: Canada - Richmond Posts: 291 Drives: 10 Nissan 370z PW A7 Rep Power: 15	^that is disgusting.. __________________ 2010-PW-370z Fast Intentions CBE 18" res + HFC, K&N Typhoons Intakes(Gen 3 Stillen soon), 20mm H&R Front - 25mm H&R Back, Shine Auto(Sunline)

05-14-2012, 02:47 PM	#5 (permalink)
bdavis89 Track Member Join Date: Oct 2011 Location: Jacksonville FL Posts: 586 Drives: '10 370Z PW Auto Rep Power: 15	Deductible __________________ 2010 Pearl White Touring Sport Package \| Navigation \| 7 Speed Automatic

05-14-2012, 04:43 PM	#6 (permalink)
DJ-of-E Track Member Join Date: Apr 2011 Location: Garden Grove, CA Posts: 676 Drives: 00 Toyota Celica 040 Rep Power: 16	It's stuff like that is the reason why it's really expensive buying insurance in California as a young kid. You don't hear it all the time, but I do pay attention to the local news and such news with age group appears more often publicly. (Maybe there's more in other age groups, but who knows). When I was 18, I had a 1985 Toyota Celica GT-S. Car was valued $800. My insurance cost nearly $2400 a year on just liability. __________________

05-13-2012, 08:30 PM	#3 (permalink)
MattP725 A True Z Fanatic Join Date: May 2011 Location: Toms River, NJ Posts: 1,904 Drives: 2010 40th Rep Power: 18	Insurance companies simply have some type of mathematical algorithm for assessing risk of loss. There is usually large variations between companies as they each weigh different risk factors differently. Try another company and you might find a shockingly large variation. They also don't care about your "experience" over those in your same category. You are going to be pooled with 20-somethings that have never driven and the same ages with lots of road experience.

06-13-2012, 10:19 AM	#7 (permalink)
robones Enthusiast Member Join Date: Mar 2011 Location: Miami Posts: 357 Drives: 2011 - Nissan 370 M6 Rep Power: 15	I am currently paying $107 a month in Miami, FL. Full coverage 100/50/30 i think. The driving "profile" used by All State is a single male 30 years old. I recently got married and I just called my insurance company to update my "profile" to married status. Statisctically speaking, a married person has a less chance to get into an accident then a single person. I am trying to get my coverage below $100.00 dollars. I am also adding my wife's car to my policy to get a multi car coverage discount as well. Maybe I get below $90.00 or $80.00 a month. LOL lets see.

06-15-2012, 01:32 AM	#8 (permalink)
Footloose301 A True Z Fanatic Join Date: Apr 2010 Location: Naples, FL Posts: 2,659 Drives: 40th Rep Power: 22	I'm at $102 thru Progressive. 26 years old. Single. Renting. One "at fault" accident(total loss). I had a used 2009 370Z(totalled now) which was $130/month ...then upgraded to a more expensive brand new 370Z and my insurance dropped to $98/month at the time. Slowly moved to $102 now 1.5 years later __________________ 2010 40th Anniversary 370Z

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