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

Elric · 03-27-2012, 11:27 AM

Greetings Z community

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

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.

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

Thanks in davance

kenchan · 03-27-2012, 11:36 AM

cause you suck? not sure.

TerribleONE · 03-27-2012, 11:42 AM

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

Huck · 03-27-2012, 11:46 AM

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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flashburn · 03-27-2012, 11:50 AM

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

TerribleONE · 03-27-2012, 12:03 PM

Quote:

Originally Posted by Huck

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.

---
I am here: Google Maps
Sent from my iPhizzle using magic and new fangled science stuff

yea that would explain it...

wheee! · 03-27-2012, 12:04 PM

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.....

don't ask...

TerribleONE · 03-27-2012, 12:05 PM

Quote:

Originally Posted by wheee!

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.....

don't ask...

honger · 03-27-2012, 12:17 PM

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

get a quote from private insurance

ChipsWithDips · 03-27-2012, 12:51 PM

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.

TerribleONE · 03-27-2012, 01:03 PM

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!

RoshDawg · 03-27-2012, 01:16 PM

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)

TerribleONE · 03-27-2012, 01:17 PM

Quote:

Originally Posted by RoshDawg

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)

Nismo89 · 03-27-2012, 01:29 PM

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

mtaxelson · 03-27-2012, 01:32 PM

Quote:

Originally Posted by Elric

Greetings Z community

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

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.

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

Thanks in davance

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

03-27-2012, 11:27 AM	#1 (permalink)
Elric Base Member Join Date: Aug 2011 Location: Vancouver, B.C. Canada Posts: 35 Drives: 09 Nissan 370Z MB M6 Rep Power: 13	$4000 insurance per year ... Why so expensive？ Greetings Z community 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 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. could some one give me some ideas to justify this？ 4000dollar insurance seems expansive for a 25000 bought car! Thanks in davance

03-27-2012, 11:42 AM	#3 (permalink)
TerribleONE A True Z Fanatic Join Date: Jan 2009 Location: Socal Posts: 10,203 Drives: WOT Rep Power: 5850	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 __________________ 638WHP 541WTQ @ 13.5PSI Build thread

03-27-2012, 11:46 AM	#4 (permalink)
Huck A True Z Fanatic Join Date: Jan 2012 Location: Cocoa, Florida Age: 41 Posts: 5,075 Drives: Pantydropper machine Rep Power: 33	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. --- I am here: http://maps.google.com/maps?ll=28.354359,-80.686425 Sent from my iPhizzle using magic and new fangled science stuff __________________ VLEDS \| Evo-R \| Moddiction \| CF Hood Struts \| F.I. CF CBE & LTH \| Stillen CAI \| NST Pulleys \| UpRev \| Z1 \| M7 \| Status \| Forgestar \| PSS \| Whiteline \| SPL \| SPC \| Kenwood \| Zenclosure \| Kicker \| Alpine Type R

03-27-2012, 11:50 AM	#5 (permalink)
flashburn A True Z Fanatic Join Date: May 2009 Location: Central Florida Posts: 1,884 Drives: '12 Corvette GS 6M Rep Power: 18	Probably because your name is Elric, I wouldn't insure you either. __________________ Current Ride: 2012 Chevrolet Corvette Grand Sport Centennial Edition Carbon Flash 6M Previous Ride: 2009 Nissan 370Z Sport Platinum Graphite 7AT

03-27-2012, 12:04 PM	#7 (permalink)
wheee! A True Z Fanatic Join Date: Sep 2009 Location: Mod Capital of Canada Age: 57 Posts: 7,354 Drives: cars. lots of cars. Rep Power: 40181	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..... don't ask... __________________ H&R / Stillen / Berk / HKS / Swift / Michelin / UpRev / SPC / Amuse Rep / Seibon / Fringe XVO / TWM / more... My Journal

03-27-2012, 11:36 AM	#2 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141520	cause you suck? not sure.

03-27-2012, 12:17 PM	#9 (permalink)
honger Base Member Join Date: Jun 2011 Location: Vancouver Posts: 10 Drives: 11 PW 7AT Rep Power: 13	that doesnt sound right . I pay ICBC 2.2k/ year with a 40% discount (8 yr driving) get a quote from private insurance

03-27-2012, 12:51 PM	#10 (permalink)
ChipsWithDips Enthusiast Member Join Date: Mar 2011 Location: Austin, TX Posts: 279 Drives: '11 Gunmetal 370Z MT Rep Power: 14	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.

03-27-2012, 01:03 PM	#11 (permalink)
TerribleONE A True Z Fanatic Join Date: Jan 2009 Location: Socal Posts: 10,203 Drives: WOT Rep Power: 5850	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! __________________ 638WHP 541WTQ @ 13.5PSI Build thread

03-27-2012, 01:16 PM	#12 (permalink)
RoshDawg Track Member Join Date: May 2011 Location: NM / CA Posts: 981 Drives: '13 911 C2S Rep Power: 14	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) __________________ \| EVO X MR \| '11 WRX STI \| 370Z SPRT \| 911 (991) C2S \|

03-27-2012, 01:29 PM	#14 (permalink)
Nismo89 A True Z Fanatic Join Date: Mar 2011 Location: Colora, MD Age: 34 Posts: 15,831 Drives: daily Zen and woosah Rep Power: 37386	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 __________________ Why yes.. Mike Rowe of Dirty Jobs, The Ford Commericals,Deadliest Catch.. is my cousin. Facebook i outta back hand you with my right hand! and call you btch!..... and im Left handed! Last edited by Nismo89; 03-27-2012 at 01:44 PM.*

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