Official Insurance Premium Discussion Thread

[FateAveRun]

Originally Posted by cgmg21

Well for starters how old are you? If you are under the age of 25 it going to be high. I believe there was a thread about insurance payment on the Z. Have one of your parents be the primary & you could be the secondary. I know for me on my Nismo is $95.16 a month, but I am 30yrs old too. I switched it today, so that my mother (is 55yrs old) will be the primary......hehehehe. This will drop drastically to around $65 give or take a couple dollars possibly. It is all about playing the game. FYI insurance on a Nismo is going to be higher than a non Nismo.

I'm 20 so I can expect it to be pretty high. So have my dad become the primary might be a good option. Thanks for the headsup.
I guess the best option would be to call everyone. Damn Insurance

[gsxr750]

After 30 yrs.of phone calls for insurance rates here is what you are left with for the best rates.

For cars its Geico and Allstate, if rates are close go with Allstate they are better to deal with on claims.

For motorcycles - Progressive hands down and their rates on car insurance is not that good, as Geico or Allstate.

Also if your are only 20, you should try and stay away from a sports car or high performance car class until you get to be 25 for strictly insurance purposes. Before you buy a car check out the rates, your really better off getting one of the sleeper class of sports cars that will slip thru the insurance companies hi rates, something like a (standard V6 camaro,V6 challenger, V6 mustang), wrx, (altima sport 4 cylinder v6 ) etc.

Right now stay away from cars with the ss, rt, or truely sports cars, unless you can afford the high rates, with rich parents or a high paying job.

This will save you a lot of money on insurance rates.

If your dad puts you on his insurance the rates will be a lot cheaper, but he risks a lot if you get into an accident with the sports car and someone is really injured bad. If you insist on getting a sports car then I would not make my parents put you on their policy, as long as your are over 18 and not living at home and have your own insurance in your name, then they are off the hook legally, and once you hit 21yr. if you are still living at home.

[MacLean]

Originally Posted by gsxr750

After 30 yrs.of phone calls for insurance rates here is what you are left with for the best rates.

For cars its Geico and Allstate, if rates are close go with Allstate they are better to deal with on claims.

For motorcycles - Progressive hands down and their rates on car insurance is not that good, as Geico or Allstate.

Also if your are only 20, you should try and stay away from a sports car or high performance car class until you get to be 25 for strictly insurance purposes. Before you buy a car check out the rates, your really better off getting one of the sleeper class of sports cars that will slip thru the insurance companies hi rates, something like a (standard V6 camaro,V6 challenger, V6 mustang), wrx, (altima sport 4 cylinder v6 ) etc.

Right now stay away from cars with the ss, rt, or truely sports cars, unless you can afford the high rates, with rich parents or a high paying job.

This will save you a lot of money on insurance rates.

If your dad puts you on his insurance the rates will be a lot cheaper, but he risks a lot if you get into an accident with the sports car and someone is really injured bad. If you insist on getting a sports car then I would not make my parents put you on their policy, as long as your are over 18 and not living at home and have your own insurance in your name, then they are off the hook legally, and once you hit 21yr. if you are still living at home.

+1....... So very true. It is all about playing the game & at what cost. I guarantee that most parents would not be thrilled if their child was to get into an accident with a new sports car, or a spending ticket. I will also bet that they will tell you up front if you F**K UP, then your off the insurance & good luck getting if yourself. FYI be smart & think about what you are going to be doing behind the wheel & do not try to impress others b/c that will only get you into trouble.

[FateAveRun]

Originally Posted by gsxr750

After 30 yrs.of phone calls for insurance rates here is what you are left with for the best rates.

For cars its Geico and Allstate, if rates are close go with Allstate they are better to deal with on claims.

For motorcycles - Progressive hands down and their rates on car insurance is not that good, as Geico or Allstate.

Also if your are only 20, you should try and stay away from a sports car or high performance car class until you get to be 25 for strictly insurance purposes. Before you buy a car check out the rates, your really better off getting one of the sleeper class of sports cars that will slip thru the insurance companies hi rates, something like a (standard V6 camaro,V6 challenger, V6 mustang), wrx, (altima sport 4 cylinder v6 ) etc.

Right now stay away from cars with the ss, rt, or truely sports cars, unless you can afford the high rates, with rich parents or a high paying job.

This will save you a lot of money on insurance rates.

If your dad puts you on his insurance the rates will be a lot cheaper, but he risks a lot if you get into an accident with the sports car and someone is really injured bad. If you insist on getting a sports car then I would not make my parents put you on their policy, as long as your are over 18 and not living at home and have your own insurance in your name, then they are off the hook legally, and once you hit 21yr. if you are still living at home.

So I got a quote and wow. You weren't joking when you said it was high. They expected a $600 premium and $500 monthly... I don't even want to put my parents through something like that. I don't understand what you mean about the accident with my dad as the primary. Would the rates triple or something since I'm not the primary individual on the account?

[FairladyZ]

26 here and pay about 95$ or so too

[enkei2k]

You're better off posting this in the regional section. Insurance varies state by state, city by city, so your answers will be either $30 a month - $3000 a month depending who you ask.

FWIW, I'm paying $266.66 a month for mine in NYC with the usual stuff.

Bodily Injury Liability Current Limit: $50,000/$100,000
Property Damage Liability Current Limit: $50,000
Supplementary Uninsured Motorist Current Limit: $25,000/$50,000
Basic Personal Injury Protection Basic Non-Deductible
Comprehensive $2,000 ded. with Non-ded Glass
Collision $2,000 Ded.

[Huckleberry]

Originally Posted by enkei2k

You're better off posting this in the regional section. Insurance varies state by state, city by city, so your answers will be either $30 a month - $3000 a month depending who you ask.

FWIW, I'm paying $266.66 a month for mine in NYC with the usual stuff.

Bodily Injury Liability Current Limit: $50,000/$100,000
Property Damage Liability Current Limit: $50,000
Supplementary Uninsured Motorist Current Limit: $25,000/$50,000
Basic Personal Injury Protection Basic Non-Deductible
Comprehensive $2,000 ded. with Non-ded Glass
Collision $2,000 Ded.

that's high as hell.

[enkei2k]

Originally Posted by Huckleberry

that's high as hell.

I agree, but unfortunately it's mostly due to location. My address is a Brooklyn, NY address which happens to be, for some stupid reason, one of the most expensive boroughs in NYC to insure a vehicle.

PS - 27, clean record, single male, defensive driving discount. Gecko.

[Cristobal09]

There's a ton of factors that go into insurance costs. Age, location, discounts you get if you have homeowners insurance with the company, how much coverage you want, what kind of deductible, driving record, and I can keep going on and on. Not to mention every insurance company has their own way of rating you, anf there's a ton of agencies to choose from as well. You wont really get a very concrete answer on forums. If I were you, id just start calling each agency one by one until you find one with the best price.

[MacLean]

Originally Posted by Cristobal09

There's a ton of factors that go into insurance costs. Age, location, discounts you get if you have homeowners insurance with the company, how much coverage you want, what kind of deductible, driving record, and I can keep going on and on. Not to mention every insurance company has their own way of rating you, anf there's a ton of agencies to choose from as well. You wont really get a very concrete answer on forums. If I were you, id just start calling each agency one by one until you find one with the best price.

+1....... This is a very vague question to ask everybody b/c you are looking at a good solid dozen different variables that would reflect your premium. Those are just some that was already mentioned. If you have direct deposit that will help a bit to lower your premium & also how long have you been with your current carrier. How far away is your work & where is your car kept (outside or in a garage).


FYI...... I would call around to different insurance carries in your area to get some quotes b/c this would be the very best bet for you.

[nismochiq]

damn I pay $165 in florida, then again I am only 23 but still no accidents, and no tickets on my record ;P

[Nismo89]

i pay $877 a year for full coverage, when i bought the car i was 21, im 22 now, turning 23 next month. No Accidents no Arrests of any sort . Clean driving record.

[Huckleberry]

Originally Posted by Nismo89

i pay $877 a year for full coverage, when i bought the car i was 21, im 22 now, turning 23 next month. No Accidents no Arrests of any sort . Clean driving record.

dont recall them askin about a criminal record.

how odd.

[MacLean]

Originally Posted by Huckleberry

dont recall them askin about a criminal record.

how odd.

.......... Next person might give us a blood or urine sample to prove there point......jk

[Huckleberry]

Originally Posted by cgmg21

.......... Next person might give us a blood or urine sample to prove there point......jk

should have known better.