Insurance Rates on RX8
01-12-2005, 02:02 PM
#27
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I pay about $185 a month and I am under my dads policy and he has a perfect record. and I am listed as the second driver, and I am listed as driving under 10,000 miles a year.
but its still pretty high because I am a 17 year old male, with a bright red rx-8 sports car.
but the car is so worth it. :D
but its still pretty high because I am a 17 year old male, with a bright red rx-8 sports car.
but the car is so worth it. :D
01-12-2005, 02:18 PM
#28
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Originally Posted by davesaunders300
That's amazing for DC. I moved from Georgia to DC a number of years ago and I was shocked by how much higher the insurance rates were in DC.
Note to everyone - check if your insurance company gives better rates if the car has a theft system. It might help.
01-12-2005, 02:25 PM
#29
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Originally Posted by Ti Driver
I think most of you are missing Machan's point. Forget about the actual cost to insure (although interesting in it's own right, really a factor of: type of coverage, where you live, age, gender, driving record, how far you commute...) but focus on the point that the cost to insure a new BMW that costs almost 50% more is almost 25% less to insure, presumably with the same coverage for the same person.
This is actualy contrary to my actual experience (had a 12 year old 318i, which I replaced with the RX-8, that was only a couple dollars less to insure than my RX-8). I have also seen from the forum that most comparable cars are significantly more to insure than the RX-8. Though no expert, I thought that the BMW was always a little bit of a premium to insure on a per $ purchased basis due to parts expense and some other requirements like flat-bedding. Volkswagens and Honda Accords are also expensive to insure but for different reasons.
So my conclusion is that you getting juiced on your RX-8 quote or perhaps someone has under quoted you on the BMW.
This is actualy contrary to my actual experience (had a 12 year old 318i, which I replaced with the RX-8, that was only a couple dollars less to insure than my RX-8). I have also seen from the forum that most comparable cars are significantly more to insure than the RX-8. Though no expert, I thought that the BMW was always a little bit of a premium to insure on a per $ purchased basis due to parts expense and some other requirements like flat-bedding. Volkswagens and Honda Accords are also expensive to insure but for different reasons.
So my conclusion is that you getting juiced on your RX-8 quote or perhaps someone has under quoted you on the BMW.
That what I was getting at, why is the RX8 more than the bimmer.
Same insurance agent, same drivers.
Married couple (me 34 wife 36)
Clean records
Multiple Car + they do our homeowners
Nice neighborhood in a safe suburb of Chicago
I think the difference might be down to safety equipment but it is probably due to driver profiles for the two vehicle.
Thanks for all the flames and hate from everyone else :p . If makes you feel any better back when I was about 25 I used to pay $300/month for a $17,000 Ford Probe GT (*powered by a Mazda engine).
01-12-2005, 02:31 PM
#30
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Originally Posted by Machan
If makes you feel any better back when I was about 25 I used to pay $300/month for a $17,000 Ford Probe GT (*powered by a Mazda engine).
Hello fellow former Probe-owner!
(yes I realize what it sounds like when you say it out loud).
01-12-2005, 02:35 PM
#31
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Originally Posted by Nick
Hello fellow former Probe-owner!
(yes I realize what it sounds like when you say it out loud).
(yes I realize what it sounds like when you say it out loud).
That was the first new car that I owned and still one of my favorites. Mine was a 1994 Ford Probe GT, 5-speed. The color was rio red. It was a great little car for me.
Now, everytime I autocross, I use #94 for my car in honor of the old Probe that I had.
01-12-2005, 02:50 PM
#32
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I have my insurance through allstate and I pay $100/month for the 8plus an f-150. I am 23,
married, have excellent excellent credit, and a clean record. I also get a deal because I have my homeowners insurance through them as well. The most I ever paid for insurance on the 8 was $175/month.
Price all the companies and see what you can get. If you look long enough you will find a great deal. It just takes a little time and attention to details.
married, have excellent excellent credit, and a clean record. I also get a deal because I have my homeowners insurance through them as well. The most I ever paid for insurance on the 8 was $175/month.
Price all the companies and see what you can get. If you look long enough you will find a great deal. It just takes a little time and attention to details.
01-12-2005, 03:03 PM
#33
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I'm in NJ and 49 years old. Clean record. I was paying 1,500 per year until I sold my (trade in ) car. Now my 22 year old daughter was put onto my car's policy. So now I pay 2,200 per year. The Insurance companies really suck here. They have a liscense to steal. The real kicker is that my daughter is a student in Manhattan and doesn't even drive a car. I can't take her off my policy until she graduates. So now those of you not living in NJ will get no sympathy from me. I'd still rather drive an 8 than get some piece of junk and pay less on the insurance.
01-12-2005, 04:06 PM
#35
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Originally Posted by Machan
Hi.
That was the first new car that I owned and still one of my favorites. Mine was a 1994 Ford Probe GT, 5-speed. The color was rio red. It was a great little car for me.
Now, everytime I autocross, I use #94 for my car in honor of the old Probe that I had.
That was the first new car that I owned and still one of my favorites. Mine was a 1994 Ford Probe GT, 5-speed. The color was rio red. It was a great little car for me.
Now, everytime I autocross, I use #94 for my car in honor of the old Probe that I had.
As for me, I still have my 91 Probe GL, sitting outside getting snow piled on it. It was my second car, and the reason for my interest in cars as a hobby today.
01-12-2005, 05:24 PM
#36
Originally Posted by Gambit
^^aboslutely!! I hate seeing people complain about paying over 1000 less than I have to pay. Come to NJ for a while, you'll see how good you have it.
01-12-2005, 05:44 PM
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Originally Posted by Nick
Were you ever a member of probetalk.com? Darin (username: dmp), who is a member of this board (owns a silver RX-8) owned a 93 GT (with a custom turbo) and he and I got to know each other through that board... now we both own RX-8s
As for me, I still have my 91 Probe GL, sitting outside getting snow piled on it. It was my second car, and the reason for my interest in cars as a hobby today.
As for me, I still have my 91 Probe GL, sitting outside getting snow piled on it. It was my second car, and the reason for my interest in cars as a hobby today.
Nope I wasn't a member of that board, actually I wasn't even aware it existed.
01-13-2005, 09:10 AM
#38
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Originally Posted by Paul_in_DC
Well, truth be told I'm just outside of DC (Fairfax County) and there's much less crime in this area. I wouldn't want to think of what it would be if I lived downtown!
01-20-2005, 05:29 AM
#40
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Well I'm with Geico and it comes out $584 per 6 months for me just for the 8. That's with 25k/50k all across adn 250 deduct on comp/coll/mbi and with my beater car on same policy. Sounds reasonable for a 28yr old male. I know I deserve cheaper though, I have a clean record.
Beater car is 105 per 6 months, totals 689.
Beater car is 105 per 6 months, totals 689.
01-20-2005, 05:33 AM
#41
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I pay $1584 every 6 months from progressive. My driving record blows 3 speeding tickets and 2 fail to obey hwy signs. I have never had an accident with this insurance carrier. It is going to get better I hope I am only 24 years old.
01-28-2005, 02:39 PM
#42
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My Gawd, I'm right there with you people. I'm paying $284 a month! I think part of it us due to 2 previous speeding tickets (both ticks are almost 3 yrs old!) and living in California. By the way, Progressive absolutely sucks.
I'm currently looking for a new insurance carrier. Any suggestions?
I'm currently looking for a new insurance carrier. Any suggestions?
01-28-2005, 02:51 PM
#43
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I used to have Progressive (this before I owned my RX8) and switched to All State. So far, I'm very happy with them. I pay a little bit less than $80 per month (full coverage). Really, there are many factors that are going to affect your premium (age, tickets, marital status,etc.). I'm not sure how much premiums vary from state to state (I live in west Texas), but there are many things that will affect what you pay.
Anyway, in my opinion, Progressive is way too expensive....research with All State
Anyway, in my opinion, Progressive is way too expensive....research with All State
01-28-2005, 02:58 PM
#44
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heh
Originally Posted by Paul_in_DC
I'm gonna be really unpopular here...
Over 40
Divorced
1 child (non-driving)
2 vehicles
Clean record (mostly)
Same insurance company for 20+ years
- Less than 600/year for the 8
Over 40
Divorced
1 child (non-driving)
2 vehicles
Clean record (mostly)
Same insurance company for 20+ years
- Less than 600/year for the 8
30
Married
1 Kid (7 months old)
2 Vehicles
Totally Clean Record
Same insurance for 14 years and counting for cars and house
01-28-2005, 03:02 PM
#45
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you whiny whinertons...when I first got my 8 I was paying ~$400 CDN a month (for the first 6 months)
now it's down to about $180 after an insurance reform and a switch to a better broker
(for the first 6 months)now it's down to about $180 after an insurance reform and a switch to a better broker
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