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

Greetings Z community:tiphat:

Some questions regarding on the insurance of my Z.
I live in vancouver B.C. Canada. and my insurance is 4030CA dollars a year ！ when I saw some of you guys down states only have 1000 or even less per year insurance im so comfused :confused:

I brought my 09 Z for 25,000CA mid 2011.
It is an accident car which i would assume it has less value？ It is a U.S. car though. the accident is nothing too major. fender.headlight. bumper.

Eventhough I dont get any discount being young driver but my parent has big discounts still could cause them 3050CA to insure it.:shakes head:

could some one give me some ideas to justify this？
4000dollar insurance seems expansive for a 25000 bought car!

Thanks in davance

cause you suck? not sure.


:icon17: ;)

:werd:



















but seriously.. that sounds insane. I am not sure how the rates work in Canada since it seems like everything is more expensive.. But I am only in my low 20s.. two cars, I do own a house and my Z is under 900 a year to insure full coverage. 100/300/100

Same here, my Z and my wife's civic is about $1200 a year, no tickets since 2003, good credit, and I'm 29, so that brings it down some. If you have a lot of tickets and you're a young kid that could explain it. My little brother has had a few tickets, and just wrapped his Focus around a pole, and he's 17. He's paying about $4000 a year now lol.


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Probably because your name is Elric, I wouldn't insure you either.

yea that would explain it...

ICBC charges what they want.... no competition. Alberta is a little better. I pay $1000 a year for a 2010 with full coverage. No tickets or accidents and 25 years of good driving!

.... my son however pays $13,000 a year to drive a Dodge 1500..... :shakes head:
don't ask...

:icon14:

that doesnt sound right .
I pay ICBC 2.2k/ year with a 40% discount (8 yr driving)

get a quote from private insurance

Because you are, presumably, a young male. Statistically you are most likely to get into a wreck. Full of testosterone with a powerful car and no experience of how to handle it.

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 have dealt with extremely high insurance during the stage of my life when I was racking up speeding tickets like they were gold coins in Mario kart. Paid around that amount with my Evo. I got quotes from several companies as well. No accidents for me though.
(I get full coverage and a **** load of lawsuit insurance, don't want to get f'ed over by someone getting whiplash in a parking lot or something like that)

:bowrofl:

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

1. Your name is Elric
2. You use words like comfused
3. You dont use spaces between your words
4. Canada

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

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


Please. Give me a break... :shakes head:

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

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! :eek:

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

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.

They are just joking...you need thick skin to post here. :icon17:

Remember it is a public forum!

:werd:

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

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.

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

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..

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

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.

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.........

damn that is some expensive insurance up there in canada, i only pay $129 a month for full coverage, but then again i have a safe driver and good driver discount applied to my policy :)

If i had to pay that much, i honestly wouldn't get this car.

average ownership period =3-5 years ---> $12,000-20,000 just for insurance + gas = almost a second Z...

daammmnnnn kid.
i got two cars under my insurance one of them being a 2012 Z.
i had 5 accidents with my previous car and 1 speeding ticket and i still only pay $2500 a year.... its probably bc you in canada? that place sucks major balls !!!

oh. n i got full coverage on both cars as well

My Z was 75$ a month. I never had a ticket or accident though... plus being over 30 and married helps a lot.

Hey Elric, you can't compare the price/rate between US and Canada, everything in the State is cheaper than Canada, that's why there're so many Canadian go to shop in the State.

We pay higher price for car, fuel, insurance, parts, labor, almost all the consumer goods are more expensive in Canada than in US.

If you want to have the expense as low as US, sorry bud, unless you move to the State.

Regarding your insurance rate, first of all, how old are you?? No matter how clean your driving record is, your insurance rate is gonna be sky high if you are under 25.

When I was 19, I paid $8000 for an 4 years old Integra that worths less than $4000 and that was some 18 years ago.

"High Risk Pool", you heard about it, right??

Wait til you turn 25 and have a clean driving record, then you can enjoy a much lower rate.


Come to Ontario, I think the rate in here is even higher because we have a open market and they(insurance company) can set whatever the rate they want and the government won't do anything to regulate it, because higher premium=more taxes. :shakes head:

Easy you live in a socialist country, no constitution, and really screwed by the government no fault insurance system ( where you can 't sue anyone and you are heavly taxed to support your paid health care, Thats why you pay 40% in taxes and high insurance premiums.

i pay roughly 700 a year for my insurance lol

Parking my car up in North Jersey on the street was about $1000 more then parking it in my parents driveway in central jersey. Location has a lot to do with it.

Very true, Im from Northern NJ and used to park in a garage at my home, but now being in Mass im in a parking lot at an apartment complex, insurance went up but nothing sky-high, I am 24 and it is $131 a month now. Not terrible. But I honestly have no speeding tickets and no accidents (knock on wood) this is also my second Z so the insurance company was glad I never crashed the last one or sped (GEICO) and should drop in cost significantly when I turn 25 next year.