Expensive insurance
10-23-2004, 05:49 PM
#26
Get in ma belly!!
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Originally Posted by Luftwaffle
Being 22, male, single, living in NYC and not working as an engineer sucks. Reading this thread makes me want to cry. On the plus side, GEICO quoted me at 2700 for some pretty decent, though not maxed out, comprehensive insurance. I think I'll take that, I have no other choice. :p
- Irish
10-26-2004, 02:32 PM
#27
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Originally Posted by 1.3L
I checked with my insurance carrier before I bought my 8 so I was well aware that the coverage was going to be relatively high. Although it's about $400.00 a year cheaper than a Mustang, it's still double what my '02 Ford Exploder costs. Both my wife and I have perfect driving records, yet this high cost. My carrier classifies the 8 (and the Mustang) as "unexceptable risks" and classifies both has "high performance" vehicles. I can't argue with the "high performance" classification, but when they said they would make an "exception" because of my excellent driving record I thought, "oh gee, thanks" (sarcasm). My carrier doesn't seem to care that the 8 has 4 doors, 4 seats, lots of airbags and a very good crash safety rating. I've read elsewhere on this forum that some owners believe that having 4 doors and 4 seats lowers the insurance rate. If this is true, it must not be much (???)
1.3L
1.3L
On the other hand, bgreene's recommendation for CA is the place to call. AND check Mercury different agents because I got cheaper quotes from different agents = $350 w/ ZERO difference in coverage. One place had more employees = more overhead = more $.
I called everyone (geico, allstate, state farm, AAA, AIG, century 21, etc....) and Mercury was the cheapest w/ the same statutory requirements.
And like bgreene, i also get 'affliated' discounts. ask mercury about them w/ regard to your profession.
02-27-2006, 02:34 PM
#28
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Originally Posted by bgreene
Hey 1.3L,
In CA, you might want to try Mercury. When I got the quote before buying my 8, it came in at $10/month less than the same coverage for a 4x4 Tacoma. I just paid a little over $500 for 6 months of full coverage in OC (15 years driving, clean record, and discount for being an engineer).
In CA, you might want to try Mercury. When I got the quote before buying my 8, it came in at $10/month less than the same coverage for a 4x4 Tacoma. I just paid a little over $500 for 6 months of full coverage in OC (15 years driving, clean record, and discount for being an engineer).
Even the 350Z and BMW Z4 3.0 are cheaper to insure than an RX-8.A friend can insure his '04 E500, '01 Boxster, and '02 4-Runner ALL for 30% less than my 8 alone, but he lives close to OC rather than L.A. proper.
02-27-2006, 03:00 PM
#29
Freedom Costs a Buck o' 5
I went from a 2001 Ford Explorer Sport Trac to the 04 RX-8,and my premiums went down slightly. And the RX-8 was worth more than the Ford, so it wasn't due to value. I think I pay somewhere in the $60-$70/month area.
02-27-2006, 03:17 PM
#31
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$2200 a year
State Farm
multi-line discount
100,000/300,000
$200 comp. deductible
$1000 collision deductible
80%/$500 max rental coverage
Road Side Assist.
I am 24 yr old male living in Atlanta (not outside, but in the city). That rate includes $180 surcharge for a BS motorcycle claim I had two years ago. I am in the process of fighting it, but by the time it reaches a trial in Massachusetts (where I was previously licenced), it will have dropped off my record and I'll be 25. I can't wait to turn 25 in a few months. Any idea how much it actually drops?
State Farm
multi-line discount
100,000/300,000
$200 comp. deductible
$1000 collision deductible
80%/$500 max rental coverage
Road Side Assist.
I am 24 yr old male living in Atlanta (not outside, but in the city). That rate includes $180 surcharge for a BS motorcycle claim I had two years ago. I am in the process of fighting it, but by the time it reaches a trial in Massachusetts (where I was previously licenced), it will have dropped off my record and I'll be 25. I can't wait to turn 25 in a few months. Any idea how much it actually drops?
03-06-2006, 11:51 AM
#32
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Hey Djseto, just played the insurance game today... insurance drops a lot when you hit 25 (I'm 26)
my premium on my old car went from 180 and change a month to 144.00 on renewal.
I'll point out that State Farm has great rates ONLY if your record is immaculate, I had a theft in 03 and a "discretionary" speeding ticket around the same time, and they were giving me a quote around there, somewhere in the 220.00 a month range, but... State Farm also hates our car... a lot more than other cars. Geico on the other hand who will be my new carrier... 155.00 a month for similar coverage to what you're looking for.
Just my recent experiences.
Being in the city is going to hurt, a bit though, when I was in Philly it was stupidly high, then again, my car got tagged while I was there, so I guess they were right.
l8r.
my premium on my old car went from 180 and change a month to 144.00 on renewal.
I'll point out that State Farm has great rates ONLY if your record is immaculate, I had a theft in 03 and a "discretionary" speeding ticket around the same time, and they were giving me a quote around there, somewhere in the 220.00 a month range, but... State Farm also hates our car... a lot more than other cars. Geico on the other hand who will be my new carrier... 155.00 a month for similar coverage to what you're looking for.
Just my recent experiences.
Being in the city is going to hurt, a bit though, when I was in Philly it was stupidly high, then again, my car got tagged while I was there, so I guess they were right.
l8r.
03-06-2006, 04:25 PM
#33
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I got 100/300 with a 1k deductible and pay 233/month through Progressive (the 1k deductible got it down from up at $255/month). Shopped at a StateFarm rep and they were like "holy crap!, $233/month", then they ran my stuff and quoted me $280/month.
I have one of my tickets falling off my record in May so then it'll be time to shop around again, but I'll still have two tickets on the record until Oct 2007 or so.
Keep in mind credit plays a nice part too. I was stupid when I was younger and got a credit slap for it so I'll be in the "bad credit" area for another couple years as well.
Most people wait till they turn 25 for insurance to drop. Me.... I have to wait for all the stupid stuff I did before I was 25 to drop off my record.
Then again I didn't get the 8 to save money....
I have one of my tickets falling off my record in May so then it'll be time to shop around again, but I'll still have two tickets on the record until Oct 2007 or so.
Keep in mind credit plays a nice part too. I was stupid when I was younger and got a credit slap for it so I'll be in the "bad credit" area for another couple years as well.
Most people wait till they turn 25 for insurance to drop. Me.... I have to wait for all the stupid stuff I did before I was 25 to drop off my record.
Then again I didn't get the 8 to save money....
03-06-2006, 06:12 PM
#34
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All you State Farm lovers may want to read this. I had State Farm about 6 months ago and had an accident. I totaled a Mustang in a single car accident and they had to shell out $14,000. They then brought up an old ticket I received like 4 years ago, paired it with the accident and canceled me. I have carried State Farm since I was in highschool! They even told me when I signed on that the first accident was forgiven! What a load of crap! They do offer cheap insurance, but as soon as you are unfortunate enough to have an accident they drop you.
03-06-2006, 06:25 PM
#35
Misfit Moderator TnC
i have geico in jersey (which is the highest insurance state in the union) and i pay 2040 a year for 3 cars, my 8, my 94 626 beater and my wifes 05 rav4 limited.....before geico got here it was more than double what im paying now.....i have a perfect record but my wife has 2 accidents and a speeding ticket....but i definately recommend them if you can get them
03-07-2006, 10:18 AM
#36
Take me as example.
I got my car at June 2005, and at that time my licenses was about 1 and 1/2 year. No Accidents no ticket what so ever
Insurace used to cost : (NO Defesive Driver Course yet, 50K/100K full coverage, 500 deduct, before I 25 years old)
Geico : 2100 for 1/2 Year
Progressive : 2600 for 1/2 year
Allstate : 4000 for 1/2 year
StateFarm : Said they have no agent in NYC back then.
CountryWide : They dont accept "sports" car (*****)
Now : as of today (With Defensive Driver course taken, same coverage, im 25 yrs old now, still no traffic ticket on my record, but I just got one from some donut eating cop few days ago, I stopped at the stop sign but he said I fuxking didnt, I cant agure right? but Im going to fight for that, Im not going to accept something I didnt do.)
Geico : 1659.80 for 1/2 year
Progressive : 1400 for 1/2 year
AllState 1800 for 1/2 year
didnt quote StateFarm and Country wide.
and yes Im in New York city. Where the gayest driver around, but they never get tickets ! instead, cops will only pick on good drivers like me, just because I have a "unqiue car"
I got my car at June 2005, and at that time my licenses was about 1 and 1/2 year. No Accidents no ticket what so ever
Insurace used to cost : (NO Defesive Driver Course yet, 50K/100K full coverage, 500 deduct, before I 25 years old)
Geico : 2100 for 1/2 Year
Progressive : 2600 for 1/2 year
Allstate : 4000 for 1/2 year
StateFarm : Said they have no agent in NYC back then.
CountryWide : They dont accept "sports" car (*****)
Now : as of today (With Defensive Driver course taken, same coverage, im 25 yrs old now, still no traffic ticket on my record, but I just got one from some donut eating cop few days ago, I stopped at the stop sign but he said I fuxking didnt, I cant agure right? but Im going to fight for that, Im not going to accept something I didnt do.)
Geico : 1659.80 for 1/2 year
Progressive : 1400 for 1/2 year
AllState 1800 for 1/2 year
didnt quote StateFarm and Country wide.
and yes Im in New York city. Where the gayest driver around, but they never get tickets ! instead, cops will only pick on good drivers like me, just because I have a "unqiue car"
Last edited by nycgps; 03-07-2006 at 10:22 AM.
03-07-2006, 10:22 AM
#37
RX8 ADDICTED!!!
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I pay about 2300 a year for the 8 and the Infiniti FX35. I use a company called Amica Mutual that is a bit more expensive, but the service is second to none and they are rated as one of the best companies around by almost all reviews.
And incase anyone cares.
I carry 300/500 stacked on the cars.
100% pip
$500 deductible
We carry lots of insurance to be properly protected.
And incase anyone cares.
I carry 300/500 stacked on the cars.
100% pip
$500 deductible
We carry lots of insurance to be properly protected.
Last edited by Tigster; 03-07-2006 at 10:25 AM.
03-07-2006, 10:39 AM
#38
Herrroooo Rarrra
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I have fireman's insurance and I pay about $1100 a year for full coverage. I'm 23, 1 minor accident in a parking lot, no tickets except in Canada - does anyone know if this counts? and I live outside of Boston.
03-07-2006, 10:48 AM
#39
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Originally Posted by Khidr
Geico on the other hand who will be my new carrier... 155.00 a month for similar coverage to what you're looking for.
03-07-2006, 11:01 AM
#40
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I got State Farm. Had them since '96. I carry 250/500 ded. comp and coll. on my 8. My payments are $95 mo. I'm 35 no accidents or tickets, and living in Louisiana. A state in which people feel like they don't need insurance, and most of 'em don't have it which is why State Farm says....makes your rates go up. I'm very please with my rate with SF.
03-10-2006, 12:38 AM
#41
Registered
I just got my insurance set up today for my car coming next week. It costs roughly $185 a month for full coverage and gap insurance. Deductible $100/$250. I am 25 with a clean driving record. Unfortunately, only had a "real" driver's license since Dec. LOL I wish I would have gotten one sooner. I've been driving since I was 18. 
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