Notices
RX-8 Discussion General discussion about the RX-8 that doesn't fit in one of the specialty forums.
Sponsored by:
Sponsored by: CARiD

Another great reason for owning an RX-8 -Insurance

Thread Tools
 
Rate Thread
 
Old Nov 14, 2006 | 12:41 PM
  #1  
Eddie13's Avatar
Thread Starter
Registered User
 
Joined: Oct 2006
Posts: 107
Likes: 1
From: Miami
Another great reason for owning an RX-8 -Insurance

As an insurance agent in Florida, I know the difference in premiums for these cars. (obviously the driver is big factor in the premium) In some cases these cars can cost $550 - $750 per year more to insure. If you do the math, it can work out to be between $50 - $60 more per month!

Long Live the 8!!

According to MSN Money:

Most expensive models to insure

1 Mitsubishi Lancer Evolution
2 Mercedes CL-Class
3 Dodge SRT-4
4 Subaru Impreza WRX
5 Jaguar XK (convertible)
6 Lexus IS 300
7 Honda S2000
8 Acura RSX
9 Nissan 350z
10 Jaguar XJ

Here's the link: http://articles.moneycentral.msn.com...sToInsure.aspx
Reply
Old Nov 14, 2006 | 12:46 PM
  #2  
New Yorker's Avatar
Registered
 
Joined: Sep 2003
Posts: 3,319
Likes: 58
From: NYC
Kinda balances out the little extra some are paying in fuel, no?
Reply
Old Nov 14, 2006 | 12:51 PM
  #3  
nycgps's Avatar
Out of NYC
iTrader: (1)
 
Joined: Jun 2005
Posts: 19,881
Likes: 36
From: Planet Earth
I pay 1700 for 1/2 yr

if STi I have to pay 2400. same coverage *full*
Reply
Old Nov 14, 2006 | 01:04 PM
  #4  
icyur2's Avatar
Shonen
 
Joined: Aug 2005
Posts: 339
Likes: 0
From: Keizer, OR
WTF?? Damn..1700 for 1/2 yr??? I'm only shelling out 370 for 1/2....do you have tickets or is it because it is a big city you live in with lots of car thieves??
Reply
Old Nov 14, 2006 | 01:25 PM
  #5  
jp4wd's Avatar
The Big kahuna
 
Joined: Feb 2005
Posts: 129
Likes: 0
From: Chicago, il.
1700 Is Way Too Much. I Live In Downtown Chicago And I Only Pay 400 Every 6 Months.
Reply
Old Nov 14, 2006 | 01:30 PM
  #6  
Eddie13's Avatar
Thread Starter
Registered User
 
Joined: Oct 2006
Posts: 107
Likes: 1
From: Miami
Biggest Factors that determine premiums are:

1. Age
2. Credit
3. Location
4. Driving Record
5. Vehicle
To a smaller degree:

6. Homeownership
7. Single/Married (Married less expensive) - insert joke here....
8. No lapse in insurance coverage

$1700 is a lot but not too far fetched.......the average premium in South Florida I would say is about $1K/6 months.

New Yorker makes a good point about the fuel, damn this machine is thirsty!!
Reply
Old Nov 14, 2006 | 03:35 PM
  #7  
spork's Avatar
Foolio
 
Joined: Sep 2004
Posts: 501
Likes: 0
From: So Cal
You know when I asked about my insurance change if I wanted to cover a brand new 2006 BMW 325 AND got my hands on a 1993 Lexus ES, they told me my insurance would go down from what I was paying for my RX-8...

I guess the RX-8 is a sports car vs the BMW/Lexus are sedans, but still... I was surprised.
Reply
Old Nov 14, 2006 | 03:49 PM
  #8  
FABRO's Avatar
Registered Ricer
 
Joined: Oct 2005
Posts: 858
Likes: 0
From: Renton, WA
Originally Posted by nycgps
I pay 1700 for 1/2 yr

if STi I have to pay 2400. same coverage *full*
Ouch man that is expensive. But yea insurace costs was one of the main reasons I bought the 8 as well. Total for full coverage for my WRX and RX8 =$1,200 1/2 yr.
Reply
Old Nov 14, 2006 | 04:16 PM
  #9  
Rhythmic's Avatar
Laid back in the pocket
 
Joined: Mar 2006
Posts: 522
Likes: 0
From: Blacksburg, VA
What Insurance company are you with?

Just to gauge general pricing, list location, age, etc.
I think I'm paying too much and would like to see what else is out there.
Reply
Old Nov 14, 2006 | 04:17 PM
  #10  
Raptor2k's Avatar
Club Marbles Member
 
Joined: Jul 2005
Posts: 3,252
Likes: 0
From: DFW, TX
Old news.

Couldn't afford an STi's insurance, much less an S2k's.

8 ftw.
Reply
Old Nov 14, 2006 | 04:22 PM
  #11  
ken-x8's Avatar
Registered
 
Joined: Aug 2006
Posts: 5,027
Likes: 5
From: Northern Virginia
Insurance for my 8 is twice what it was for my '87 Accord.

Ken
Reply
Old Nov 14, 2006 | 04:23 PM
  #12  
MTLbroker's Avatar
Registered User
 
Joined: May 2004
Posts: 539
Likes: 0
From: Montreal
My insurance on the '04 8 is actually cheaper than on my '06 Maxima. Go figure...
Reply
Old Nov 14, 2006 | 05:10 PM
  #13  
hyperlitenerd's Avatar
captin safety
 
Joined: Oct 2006
Posts: 143
Likes: 0
From: Santa Clara
I was just quoted 2700 for year, im 21, itd be 2400 if I was with the parents, and it is 3200 for a wrx, id imagine itd be alot more for a sti. I live in the bay area in Ca.
Reply
Old Nov 14, 2006 | 05:13 PM
  #14  
Eddie13's Avatar
Thread Starter
Registered User
 
Joined: Oct 2006
Posts: 107
Likes: 1
From: Miami
Originally Posted by ken-x8
Insurance for my 8 is twice what it was for my '87 Accord.

Ken
I love sarcasm
Reply
Old Nov 14, 2006 | 05:26 PM
  #15  
Raptor2k's Avatar
Club Marbles Member
 
Joined: Jul 2005
Posts: 3,252
Likes: 0
From: DFW, TX
To drive a sub-2000 Accord/Civic again...*shudder*
Reply
Old Nov 14, 2006 | 07:53 PM
  #16  
Ike's Avatar
Ike
Blue By You
 
Joined: Jun 2003
Posts: 8,717
Likes: 0
From: Milwaukee
Ike knows of Evo owners paying more for insurance than many of you are probably paying for a 60 mo car payment. Ike doesn't know how young people own Evos... Luckily Ike only pay $85 a month and the only non exotic Ike could own that would cost more to insure would be a Boxster S. But, once you get to a certain age and status with insurance there's not a big difference in rates when it comes to cars. If Ike drove an RX-8 Ike would probably save $15 a month at most <Ike twirls his finger>

Last edited by Ike; Nov 14, 2006 at 07:55 PM.
Reply
Old Nov 14, 2006 | 08:24 PM
  #17  
cajunrx8's Avatar
Rotary Crawfish
 
Joined: Oct 2006
Posts: 470
Likes: 22
From: Da swamps of La.
$440 every 6 months, full coverage. State Farm
Reply
Old Nov 14, 2006 | 08:24 PM
  #18  
Mortal Moxie's Avatar
Taylor not Tyler
 
Joined: Jul 2006
Posts: 188
Likes: 0
From: Bristol, Connecticut
Originally Posted by New Yorker
Kinda balances out the little extra some are paying in fuel, no?
That's a great way to look at it. I'll have to remember that next time someone tells me the 8 sucks on fuel.
Reply
Old Nov 14, 2006 | 08:43 PM
  #19  
Clavius's Avatar
Its all about Style...
 
Joined: May 2006
Posts: 3,337
Likes: 0
From: South of Boston, MA
I am paying about 1.8k for the year in a 9 month payment plan. Been driving for about 3 years, last year I would of paid 3.2k for the year if not for the fact I got the 8 about 5 months into my payment plan. MA in general is pretty high and there isnt many Insurance Companies so competition is well not there. We dont have most of those Insurance Companies you see on TV.
Reply
Old Nov 14, 2006 | 08:45 PM
  #20  
SilverEIGHT's Avatar
Registered
 
Joined: Nov 2004
Posts: 4,866
Likes: 4
From: Buford, GA USA
And I thought $1060 a year was a lot!
Reply
Old Nov 15, 2006 | 11:37 AM
  #21  
BunnyGirl's Avatar
Registered
 
Joined: Dec 2005
Posts: 2,327
Likes: 1
From: Portland, OR
Mine went up on my six month renewal. Apparently RX-8s got re-rated as a sports car now. At least that's what the insurange guy said when I couldn't find any reason for it otherwise and the rating symbols had changed.
Reply
Old Nov 15, 2006 | 11:43 AM
  #22  
camaro194's Avatar
Z owner
 
Joined: Jan 2004
Posts: 323
Likes: 0
When I was shopping, the 8 was about $20 cheaper per month than the Z. And the Z was about $15 cheaper than an EVO.
Reply
Old Nov 15, 2006 | 12:23 PM
  #23  
Rotori's Avatar
Registered User
 
Joined: Nov 2006
Posts: 44
Likes: 0
I pay approximately $164 a month with State Farm. Only up $26 from what I paid with my '06 Scion xA.

EDIT:
Status: single, aged twenty-one, 732 credit rating.
Points: Zero
Cars: 2006 RX8
Company: State Farm
Premium: $1970 @ Year (full coverage)

(..borrowed from sonicblue6's post.)

Last edited by Rotori; Nov 15, 2006 at 03:34 PM.
Reply
Old Nov 15, 2006 | 12:58 PM
  #24  
Rhythmic's Avatar
Laid back in the pocket
 
Joined: Mar 2006
Posts: 522
Likes: 0
From: Blacksburg, VA
WTF I'm paying 1300/6mo. with Progressive, and I'm in SW VA, I'm 26, haven't had a ticket in almost 2 yrs., and have good credit. WTF. Sounds like I need to shop around.
Reply
Old Nov 15, 2006 | 01:08 PM
  #25  
HolyCross05's Avatar
Herrroooo Rarrra
 
Joined: Nov 2005
Posts: 848
Likes: 0
From: Chicago
Originally Posted by Clavius
MA in general is pretty high and there isnt many Insurance Companies so competition is well not there. We dont have most of those Insurance Companies you see on TV.
Clav im only paying 1100 for 1 year. I have fireman's insurance which was recommended by our friends from Mazda Gallery. It's the only smart thing they've ever said to me.
Reply


You have already rated this thread Rating: Thread Rating: 0 votes,  average.


All times are GMT -5. The time now is 04:32 PM.