Official Insurance Premium Discussion Thread

[FateAveRun]

Hello members,

I am soon on my way to a new 370Z!
But...before I get into my lovely car I need to know how much
insurance would be since if it's at too high of a range I might not
be able to afford it. So if you would kindly tell me how much you pay
that'd be great. I live in California and have a good student discount so
any info would be welcome.

[MacLean]

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.

[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?

[gsxr750]

Originally Posted by FateAveRun

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?

Any accident or ticket, DWI etc that happens to you while you are driving a car under his name or under his insurance policy , will effect your parents insurance rates for up to 4 yrs if anything ever happens and also legally and finacially if anything bad serious injuries or deaths occur. Result , of court judgemnt against you and your parents in serious accident, wage garnishment, leen on any home or property they own.

That is why its best to keep any car children drive, titled in the childs name and also have them buy their own insurance in their own name.

You always here it from the stupid parents that feel their little angel will never get into trouble, but we all know what devils we can turn into once our parents are out of sight. So they never believe their little angel would do anything intentionally wrong behind the wheel of the car and the parents cry the blues later once they face legal issues and finacial costs, due to their little angel.

So it comes down to being an adult and accepting the costs of it, your 20 now and its time to accept full responsibilty, for anything you do , so put everything in your own name or the other option would be to find a dumb older girl friend and put the car in her name, a lot of guys do it once they get a DWI etc. Only problem is that if you break up she can keep the car as it will be titled in her name.

[Rusty]

When you first get insurance. You are on high risk for the first 3 years. After 3yrs without any problems. Your rates go down. If you get married, your rates go down. You get divorced, your rates goes up. Your wife dies, your rates stay the same.

[Nismo89]

Originally Posted by gsxr750

Any accident or ticket, DWI etc that happens to you while you are driving a car under his name or under his insurance policy , will effect your parents insurance rates for up to 4 yrs if anything ever happens and also legally and finacially if anything bad serious injuries or deaths occur. Result , of court judgemnt against you and your parents in serious accident, wage garnishment, leen on any home or property they own.

That is why its best to keep any car children drive, titled in the childs name and also have them buy their own insurance in their own name.

You always here it from the stupid parents that feel their little angel will never get into trouble, but we all know what devils we can turn into once our parents are out of sight. So they never believe their little angel would do anything intentionally wrong behind the wheel of the car and the parents cry the blues later once they face legal issues and finacial costs, due to their little angel.

So it comes down to being an adult and accepting the costs of it, your 20 now and its time to accept full responsibilty, for anything you do , so put everything in your own name or the other option would be to find a dumb older girl friend and put the car in her name, a lot of guys do it once they get a DWI etc. Only problem is that if you break up she can keep the car as it will be titled in her name.

Amen to the bolded! when i got my first car, i had to have a co-signer (no credit established, no creit lines, no nothing) now? when i bought my Z had a line of credit established, but only 1.... the woman told me " normally you need 3-4 lines of credit established in order for the companies to take you seriously...so in the future....and for future reference..... just get 3-4 lines ...you dont have to use them, just have them. and that counts as a line"

after buying my Z (3 months after) i got a letter saying basically " we've reviewed your policy, and due to your safe driving, we have lowered your rate $300 to $877 a year for full coverage"

start building your credit now and KEEP ONTOP OF IT! thats how i got my Z! lol

[FateAveRun]

Originally Posted by gsxr750

Any accident or ticket, DWI etc that happens to you while you are driving a car under his name or under his insurance policy , will effect your parents insurance rates for up to 4 yrs if anything ever happens and also legally and finacially if anything bad serious injuries or deaths occur. Result , of court judgemnt against you and your parents in serious accident, wage garnishment, leen on any home or property they own.

That is why its best to keep any car children drive, titled in the childs name and also have them buy their own insurance in their own name.

You always here it from the stupid parents that feel their little angel will never get into trouble, but we all know what devils we can turn into once our parents are out of sight. So they never believe their little angel would do anything intentionally wrong behind the wheel of the car and the parents cry the blues later once they face legal issues and finacial costs, due to their little angel.

So it comes down to being an adult and accepting the costs of it, your 20 now and its time to accept full responsibilty, for anything you do , so put everything in your own name or the other option would be to find a dumb older girl friend and put the car in her name, a lot of guys do it once they get a DWI etc. Only problem is that if you break up she can keep the car as it will be titled in her name.

I'm not gonna get a Z anytime soon... I definetly don't want my parents to take responsibility for my stupid mistakes. I guess I should wait 2 years and turn 21 then get my Z with my own money. Thanks for your post though. It really opened my eyes to how selfish I was being; car's not worth my parent's financial stability. Thanks everyone for your posts! It was very encouraging yet depressing knowing that your payment amounts yearly is equaled to my monthly

[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.