Insurance Premiums in Ontario

sti571 · 08-13-2009, 06:35 AM

Hopefully it won't crush my dreams of owning a 370Z but I was wondering if anyone could provide ballpark figures of how much you're paying to insure a 370Z in Ontario.

CAN-ZED · 08-13-2009, 11:20 AM

Quote:

Originally Posted by sti571

Hopefully it won't crush my dreams of owning a 370Z but I was wondering if anyone could provide ballpark figures of how much you're paying to insure a 370Z in Ontario.

depends on your age and driving record
im 40 with clean record, insurance premium only went up about $80/year from previous car,

nogoodname · 08-13-2009, 11:22 AM

factor in the fact Ontario is pretty hefty at charging premiums

more than double of Quebec, street racing FTL!!!!!!!!!!!!!!!!!

FricFrac · 08-13-2009, 02:43 PM

Mine was just under $1200 for the year including replacement cost, $300 deductable, etc.... I thought it would be way more...

6MT · 08-13-2009, 02:52 PM

Quote:

Originally Posted by FricFrac

Mine was just under $1200 for the year including replacement cost, $300 deductable, etc.... I thought it would be way more...

WTF?... $1200 for a year with only a $300 deductable? Wuff!! Does that include collision? What's the liability figure?

Are you in bed with the Government Minister who's in charge of insurance in B.C.? That's ridiculouly low. (and tough to swallow)

FricFrac · 08-14-2009, 01:47 AM

Quote:

Originally Posted by 6MT

WTF?... $1200 for a year with only a $300 deductible? Wuff!! Does that include collision? What's the liability figure?

Are you in bed with the Government Minister who's in charge of insurance in B.C.? That's ridiculously low. (and tough to swallow)

$1164 but I forgot to add the replacement cost so that was another $84 for a total of $1248. That includes collision, comprehensive and $3M liability. The insurance agent said it would be about triple that in Vancouver.
$500 deductible for collision, $300 for comprehensive ($200 for "missile" damage to glass).

FricFrac · 08-14-2009, 01:48 AM

Funny thing is my 280ZX use to be around the same price and it was like 15 years old at the time.... I was younger though....

Zed370 · 08-14-2009, 02:28 AM

I think I will be paying close to $2k for insurance in Vancouver (that is with the full discount) ... I am not sure exactly, I will cross that bridge when I get the car next week.

My 2002 Civic is still considered a 'sports car' by ICBC .... don't know why I still pay a higher premium that car .... the stigma of civic ownership?

FricFrac · 08-14-2009, 10:42 AM

Quote:

Originally Posted by Zed370

I think I will be paying close to $2k for insurance in Vancouver (that is with the full discount) ... I am not sure exactly, I will cross that bridge when I get the car next week.

My 2002 Civic is still considered a 'sports car' by ICBC .... don't know why I still pay a higher premium that car .... the stigma of civic ownership?

Probably due to all the riced out Civics and the rate they are stolen at....

oh and my insurance is at the full 43% discount....

Reality · 08-14-2009, 01:56 PM

Insurance is pure rape in Ontario..
But I was paying $1200 for my z's. Full coverage, $300 deductable, with state farm.
When I called my agent about the 370z.. he said it would not change.
Hell, I got quoted the same for a CaymanS..

Ninja Edit: Sry, should have mentioned that I have a multi car discount, including home & life insurance with State Farm.

FricFrac · 08-14-2009, 09:10 PM

It use to be Private insurance was way cheaper now ICBC is competative. You always had to have your Comprehensive or whatever with ICBC but the extra stuff you could get with a private company.....

IDZRVIT · 08-15-2009, 07:40 PM

In Halifax, I pay $975/yr. That's full coverage: $1M PL/PD, Comp w/$500 ded and collision w/$1K ded (I think). I'm over 50 and have a home and some other toys under the same policy.

FricFrac · 08-16-2009, 01:46 AM

1K deductable - ouch.

IDZRVIT · 08-16-2009, 09:10 AM

But you only pay the $1K ded if you fak up

BertVermaas · 08-16-2009, 10:09 AM

I can't help but smile when I see all you guys complain about the rates. You don't know how blessed you are.

I am living in Aruba (an Island of the dutch antilles, of the coast of south america) and I had to pay 50% import duties on my car, including freight charges etc.
That makes the landed cost of my car here US 53,000
The insurance is based on this landed cost value.
My insurance premium here is US 5.500 a year, but I must say, it is what they call "full value" for three years. So if my wife (who drives it) wrecks it during the first three years, I get the full value (53K) returned.
Still, it's a lot of money to pay for insurance.

So again, you guys are so lucky

08-13-2009, 06:35 AM	#1 (permalink)
sti571 Base Member Join Date: Jul 2009 Location: Canada Posts: 2 Drives: Tacoma Rep Power: 16	Insurance Premiums in Ontario Hopefully it won't crush my dreams of owning a 370Z but I was wondering if anyone could provide ballpark figures of how much you're paying to insure a 370Z in Ontario.

08-13-2009, 02:43 PM	#4 (permalink)
FricFrac A True Z Fanatic Join Date: Dec 2008 Location: Victoria, BC Posts: 1,481 Drives: 370Z 300ZX 280ZX 240 Rep Power: 228	Mine was just under $1200 for the year including replacement cost, $300 deductable, etc.... I thought it would be way more... __________________ '09 370Z - '93 300ZX Vert - '83 280ZX - '83 280ZXT -'81 280ZXT stroker - '72 240Z - Stillen CBE, HFC, G3, Grounding Kit, Sways // Swift Spring // H&R 15mm // 5% Tint // Clear Bra //

08-14-2009, 01:48 AM	#7 (permalink)
FricFrac A True Z Fanatic Join Date: Dec 2008 Location: Victoria, BC Posts: 1,481 Drives: 370Z 300ZX 280ZX 240 Rep Power: 228	Funny thing is my 280ZX use to be around the same price and it was like 15 years old at the time.... I was younger though.... __________________ '09 370Z - '93 300ZX Vert - '83 280ZX - '83 280ZXT -'81 280ZXT stroker - '72 240Z - Stillen CBE, HFC, G3, Grounding Kit, Sways // Swift Spring // H&R 15mm // 5% Tint // Clear Bra //

08-14-2009, 01:56 PM	#10 (permalink)
Reality Enthusiast Member Join Date: Dec 2008 Location: Toronto, Canada Posts: 290 Drives: '06 PPW GT Rep Power: 16	Insurance is pure rape in Ontario.. But I was paying $1200 for my z's. Full coverage, $300 deductable, with state farm. When I called my agent about the 370z.. he said it would not change. Hell, I got quoted the same for a CaymanS.. Ninja Edit: Sry, should have mentioned that I have a multi car discount, including home & life insurance with State Farm. __________________ //2005 35th SB #81 [tyra] SOLD //2006 GT PPW SOLD

08-14-2009, 09:10 PM	#11 (permalink)
FricFrac A True Z Fanatic Join Date: Dec 2008 Location: Victoria, BC Posts: 1,481 Drives: 370Z 300ZX 280ZX 240 Rep Power: 228	It use to be Private insurance was way cheaper now ICBC is competative. You always had to have your Comprehensive or whatever with ICBC but the extra stuff you could get with a private company..... __________________ '09 370Z - '93 300ZX Vert - '83 280ZX - '83 280ZXT -'81 280ZXT stroker - '72 240Z - Stillen CBE, HFC, G3, Grounding Kit, Sways // Swift Spring // H&R 15mm // 5% Tint // Clear Bra //

08-13-2009, 11:22 AM	#3 (permalink)
nogoodname Lifetime Premium Join Date: Nov 2008 Location: Montreal Posts: 22,357 Drives: E46 M3 Rep Power: 1764	factor in the fact Ontario is pretty hefty at charging premiums more than double of Quebec, street racing FTL!!!!!!!!!!!!!!!!!

08-14-2009, 02:28 AM	#8 (permalink)
Zed370 Base Member Join Date: Mar 2009 Location: Vancity Posts: 14 Drives: 370Z White Sport M6 Rep Power: 16	I think I will be paying close to $2k for insurance in Vancouver (that is with the full discount) ... I am not sure exactly, I will cross that bridge when I get the car next week. My 2002 Civic is still considered a 'sports car' by ICBC .... don't know why I still pay a higher premium that car .... the stigma of civic ownership?

08-15-2009, 07:40 PM	#12 (permalink)
IDZRVIT A True Z Fanatic Join Date: May 2009 Location: Halifax Posts: 1,659 Drives: '13 CTS-V, '76 Vette Rep Power: 27	In Halifax, I pay $975/yr. That's full coverage: $1M PL/PD, Comp w/$500 ded and collision w/$1K ded (I think). I'm over 50 and have a home and some other toys under the same policy. __________________ "America.... still builds rockets!" Vette: 355 cid, 400 rwhp '13 CTS-V Coupe: 6.2L LSA, 556HP

08-16-2009, 01:46 AM	#13 (permalink)
FricFrac A True Z Fanatic Join Date: Dec 2008 Location: Victoria, BC Posts: 1,481 Drives: 370Z 300ZX 280ZX 240 Rep Power: 228	1K deductable - ouch. __________________ '09 370Z - '93 300ZX Vert - '83 280ZX - '83 280ZXT -'81 280ZXT stroker - '72 240Z - Stillen CBE, HFC, G3, Grounding Kit, Sways // Swift Spring // H&R 15mm // 5% Tint // Clear Bra //

08-16-2009, 09:10 AM	#14 (permalink)
IDZRVIT A True Z Fanatic Join Date: May 2009 Location: Halifax Posts: 1,659 Drives: '13 CTS-V, '76 Vette Rep Power: 27	But you only pay the $1K ded if you fak up __________________ "America.... still builds rockets!" Vette: 355 cid, 400 rwhp '13 CTS-V Coupe: 6.2L LSA, 556HP

08-16-2009, 10:09 AM	#15 (permalink)
BertVermaas Base Member Join Date: Apr 2009 Location: Aruba Age: 65 Posts: 13 Drives: 370Z MT Black Rep Power: 16	I can't help but smile when I see all you guys complain about the rates. You don't know how blessed you are. I am living in Aruba (an Island of the dutch antilles, of the coast of south america) and I had to pay 50% import duties on my car, including freight charges etc. That makes the landed cost of my car here US 53,000 The insurance is based on this landed cost value. My insurance premium here is US 5.500 a year, but I must say, it is what they call "full value" for three years. So if my wife (who drives it) wrecks it during the first three years, I get the full value (53K) returned. Still, it's a lot of money to pay for insurance. So again, you guys are so lucky

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