Insurance Rate Has Never Dropped

ShutokuZ · 03-27-2013, 12:42 PM

I pay $1,375 per 6 months, for 3 cars in LA all at 100/300/100. The Z itself is $558 per 6 months.

bbowers825 · 03-27-2013, 12:48 PM

There are insurance agencies (Agency's?) that shop for you.

The place I get my insurance through is called Consilidated Insurance Agency. They shop for me once a year, if they find a better rate, they verify that I want the better rate, and do everything for me.

Might be worth looking into....

theDreamer · 03-27-2013, 12:55 PM

Quote:

Originally Posted by dinfire

I live in LA and pay $120 per month for full coverage. The car is in a garage both at home and at work. It rarely, if ever, even sits on the street where it can be touched. Stands to reason that as the value of the car plummets (can't believe how much its value has faded despite only 19K miles) the insurance should come down. After all, if it's totaled, State Farm will have to pay A LOT less. But from the sounds of it, everyone is dealing with the same thing, so I guess I just have to deal with it.

Value of the car is not really going to alter it that much.
Especially if the insurance company is adjusting their rates up slightly you are basically seeing the offset which comes out to 0 change.

Red__Zed · 03-27-2013, 01:07 PM

Quote:

Originally Posted by Cmike2780

I was paying that amount with Allstate before switching to Geico. Now I pay about $780/6 months. Same coverage.

yes, but now you have geico.

kenchan · 03-27-2013, 01:10 PM

my rate went down about $150 per 6months since taking ownership.

UNKNOWN_370 · 03-27-2013, 01:46 PM

I got my first price drop since the accident. I was paying $260 a month full coverage for both Nissan Altima and Z. now i'm paying $234. Thats an annual savings of $300. I'll take it.

BeemaaZ · 03-27-2013, 02:22 PM

Quote:

Originally Posted by dinfire

I bought a 2009 370Z brand new four years ago, and I just realized that my insurance rate has NEVER dropped the entire time. My last new car, by year three, the rate was 40 percent less than when I bought it. I have only put 19K miles on this car in four years. I currently use State Farm. Has anyone else experienced this with their 370Z? Should I call State Farm and ask for a better rate or go to another insurance company?

Tell your agent/agent staff that you want to participate in the Drive Safe & Save Program. It means you need to report your odometer reading twice a year before your next policy renewal. The less you drive the more you save. You can also save by increasing your Comprehensive & Collision Deductibles.

Quote:

Originally Posted by dinfire

I live in LA and pay $120 per month for full coverage. The car is in a garage both at home and at work. It rarely, if ever, even sits on the street where it can be touched. Stands to reason that as the value of the car plummets (can't believe how much its value has faded despite only 19K miles) the insurance should come down. After all, if it's totaled, State Farm will have to pay A LOT less. But from the sounds of it, everyone is dealing with the same thing, so I guess I just have to deal with it.

Los Angeles has one of the highest insurance premium in California. Your premium is based on where your car is parked every night. If you have another car (a beater or DD) tell your agent to rate you on that car. That will make your 370Z as an extra car (much lower premium). When your car gets totaled (and assuming your were the at-fault party), State Farm will be paying for your car and for the other party as well. Not to mention if there is bodily injury claim or lawsuit.

JungleZ · 03-27-2013, 02:37 PM

I pay like 70 a month with mercury ftw

scottIN · 03-27-2013, 05:24 PM

Just on a general insurance thing:
One of my tenants is an insurance agent so I asked him ' How do all these companies show that someone saved $400 or $500 / yr. by switching to them? And is that legit?'

Three reasons:

1) a ticket or accident has 'fallen off' since you got coverage with your original company. The original company most likely won't tell you this and keep you at the higher rate.

2) you're older. If you got your original policy at 18 and are now looking at a new one at 25, those savings are entirely possible.

3) they're changing up your coverage. Certain deductible / coverage combinations have a lower rate associated with them. It may look very similar or at least close, but the insurance companies have it all figured out on how likely you are to file a claim or what their possible liability could be and can steer you into those categories.

He said most of the time it's due to lower liability. They say, 'Hey, you really don't need $300,000 per occurrence, let's drop that to $100,000.' And POOF! your rate drops significantly. But so does your coverage.

03-27-2013, 12:48 PM	#17 (permalink)
bbowers825 Base Member Join Date: Feb 2013 Location: Maryland Posts: 90 Drives: 370Z Catfish Edition Rep Power: 12	There are insurance agencies (Agency's?) that shop for you. The place I get my insurance through is called Consilidated Insurance Agency. They shop for me once a year, if they find a better rate, they verify that I want the better rate, and do everything for me. Might be worth looking into.... Last edited by bbowers825; 03-27-2013 at 12:53 PM.

03-27-2013, 01:46 PM	#21 (permalink)
UNKNOWN_370 A True Z Fanatic Join Date: Jul 2009 Location: ny'r livn in tx Posts: 8,687 Drives: well over 130m.p.h. Rep Power: 14857	I got my first price drop since the accident. I was paying $260 a month full coverage for both Nissan Altima and Z. now i'm paying $234. Thats an annual savings of $300. I'll take it. __________________ Favorite Quote. "I'm not gonna kill you... I'm just gonna Bash Your Face In" Jack Nicholson-"The Shining". 1980

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03-27-2013, 12:42 PM	#16 (permalink)
ShutokuZ Track Member Join Date: Oct 2012 Location: Honolulu Posts: 512 Drives: 2013 PW 6MT Sport Rep Power: 13	I pay $1,375 per 6 months, for 3 cars in LA all at 100/300/100. The Z itself is $558 per 6 months.

03-27-2013, 01:10 PM	#20 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141520	my rate went down about $150 per 6months since taking ownership.

03-27-2013, 02:37 PM	#23 (permalink)
JungleZ Banned Join Date: Aug 2012 Location: orange county,ca Posts: 652 Drives: leased base z... Rep Power: 0	I pay like 70 a month with mercury ftw

03-27-2013, 05:24 PM	#24 (permalink)
scottIN Track Member Join Date: Aug 2011 Location: New Castle, Indiana Posts: 764 Drives: '12 370Z Rep Power: 54	Just on a general insurance thing: One of my tenants is an insurance agent so I asked him ' How do all these companies show that someone saved $400 or $500 / yr. by switching to them? And is that legit?' Three reasons: 1) a ticket or accident has 'fallen off' since you got coverage with your original company. The original company most likely won't tell you this and keep you at the higher rate. 2) you're older. If you got your original policy at 18 and are now looking at a new one at 25, those savings are entirely possible. 3) they're changing up your coverage. Certain deductible / coverage combinations have a lower rate associated with them. It may look very similar or at least close, but the insurance companies have it all figured out on how likely you are to file a claim or what their possible liability could be and can steer you into those categories. He said most of the time it's due to lower liability. They say, 'Hey, you really don't need $300,000 per occurrence, let's drop that to $100,000.' And POOF! your rate drops significantly. But so does your coverage.