Insurance

dant1127 · 11-13-2014, 02:50 PM

So I was initially set on a G37 hard-top convertible 6mt with sports package before I bought my Z. Family has had a few G sedans, loved how they drove. Had a convertible Firebird, loved the top-down experience hated the rest.

Anyway, brother convinced me to take a look at a Z while browsing for a G37. Absolutely loved it but I was set on a hard top convertible. Ran insurance prices... below shows the cost difference per month compared to my current Z:

'09 G37 Convertible +$94!!
'12 370Z Roadster -$40..?

Apparently I wasn't as set on a drop-top as I thought...

So anyway, I fail to see the logic. If the numbers were flipped, I'd get it. But almost $150 difference Per Month on the same insurance policy for an older, GT version of the same car (and within a couple hundred dollars book value)? Seems insane.

And why is the convertible cheaper to insure than the coupe, when it costs thousands more and I'm assuming is a higher risk for totalling/injury in an accident? Anyone else cross shop, or am I the only guy under 75 that still likes convertibles (sans the Miata/S2K crowd)?

falconfixer · 11-13-2014, 02:58 PM

I've never understood the insurance racket myself. Best bet, shop around and see who will give you the best rates. I'd suggest a reputable company, not the General or Elephant unless you have 14 DUIs

dant1127 · 11-13-2014, 03:12 PM

All of the rates were compared between a few companies. My current provider was the cheapest, but I also have some loyalty discounts. My rates are pretty decent, I was just amazed that a newer convertible was cheaper while a GT hard top was significantly more expensive.

falconfixer · 11-13-2014, 04:05 PM

Could be one of those things that G's are stolen more than Z's in your area. Maybe more G's on the road getting wrapped around telephone poles compared to Z's.

kenchan · 11-13-2014, 04:27 PM

yah, rates apparently are based on risk and actual accident history.

thanks to more dumbarses crashing and totalling the honda fit, my rates have gone up about $50 in the last year while my G and Z insurace have fallen considerably.

SouthArk370Z · 11-13-2014, 04:35 PM

A few of the things that affect a car's rate are: cost to fix, how often it's stolen, horsepower, accident rate, &c. My guess is that convertibles are more costly to fix and are probably stolen more often.

kenchan · 11-13-2014, 04:40 PM

that makes sense... the tolerance we must have for stupid.

dant1127 · 11-13-2014, 04:43 PM

But the Z convertible is significantly less expensive than the G convertible AND cheaper than a coupe. That's the math I don't get.

kenchan · 11-13-2014, 04:46 PM

noone drives the z vert... well not in big volumes as others.

SouthArk370Z · 11-13-2014, 05:33 PM

Quote:

Originally Posted by dant1127

But the Z convertible is significantly less expensive than the G convertible AND cheaper than a coupe. That's the math I don't get.

Value of the car is only important if it's totaled or stolen. For the majority of their claims, they are looking at cost-to-repair. Since a vert top is fairly fragile, it probably has to be repaired (which means replacement for a lot of vehicles) or adjusted after even a minor accident.

dant1127 · 11-13-2014, 05:57 PM

Guyguyguys... the roadster is Cheaper to insure than the coupe. It costs more up front, costs more if totalled, and costs more to repair.

jaybulls · 11-13-2014, 07:10 PM

i know y'all's insurance rate concerns are legit and i'm trying' to "brag", butt, if it makes you guys feel any better...i'm in my 60's w/basically a clean driving record (never having had an accident) and i'm paying $203/mo. for my '13 probably due only to a bad credit rating acquired later in my life...

so, when feelin' fleeced or confused by your rates, remember---it could be worse...sigh

SouthArk370Z · 11-13-2014, 07:41 PM

Quote:

Originally Posted by jaybulls

... w/basically a clean driving record (never having had an accident) and i'm paying $203/mo. for my '13 probably due only to a bad credit rating acquired later in my life...

Living in LV (or any other major city) may not help, either.

I'm paying about $220/mo for full-coverage on my car (went up a few bucks when I switched from 2009 370Z to 2014 Challenger) and a 3-bdrm house. That's with a $20K wreck 3-4 years ago and a speeding ticket every 2 to 4 years plus I get new shingles every 4-7 years because of hail. But I live in a small (<20K) town in S AR (and my credit rating is pretty good).

jaybulls · 11-13-2014, 07:47 PM

Quote:

Originally Posted by SouthArk370Z

Living in LV (or any other major city) may not help, either.

I'm paying about $220/mo for full-coverage on my car (went up a few bucks when I switched from 2009 370Z to 2014 Challenger) and a 3-bdrm house. That's with a $20K wreck 3-4 years ago and a speeding ticket every 2 to 4 years plus I get new shingles every 4-7 years because of hail. But I live in a small (<20K) town in S AR (and my credit rating is pretty good).

yeah, so SK...that's car an' hse combined?...thankfully, my she has been paid off since '98 butt, probably WAY TOO FOOLISHLY, no use insurance for decades...long story...

SouthArk370Z · 11-13-2014, 08:38 PM

Quote:

Originally Posted by jaybulls

yeah, so SK...that's car an' hse combined?...

Yep. Not sure what the breakdown is.

11-13-2014, 02:50 PM	#1 (permalink)
dant1127 Base Member Join Date: Aug 2014 Location: US Posts: 110 Drives: NA Rep Power: 11	Insurance So I was initially set on a G37 hard-top convertible 6mt with sports package before I bought my Z. Family has had a few G sedans, loved how they drove. Had a convertible Firebird, loved the top-down experience hated the rest. Anyway, brother convinced me to take a look at a Z while browsing for a G37. Absolutely loved it but I was set on a hard top convertible. Ran insurance prices... below shows the cost difference per month compared to my current Z: '09 G37 Convertible +$94!! '12 370Z Roadster -$40..? Apparently I wasn't as set on a drop-top as I thought... So anyway, I fail to see the logic. If the numbers were flipped, I'd get it. But almost $150 difference Per Month on the same insurance policy for an older, GT version of the same car (and within a couple hundred dollars book value)? Seems insane. And why is the convertible cheaper to insure than the coupe, when it costs thousands more and I'm assuming is a higher risk for totalling/injury in an accident? Anyone else cross shop, or am I the only guy under 75 that still likes convertibles (sans the Miata/S2K crowd)?

11-13-2014, 02:58 PM	#2 (permalink)
falconfixer Track Member Join Date: Feb 2012 Location: 10aC Posts: 978 Drives: Taco Rep Power: 77	I've never understood the insurance racket myself. Best bet, shop around and see who will give you the best rates. I'd suggest a reputable company, not the General or Elephant unless you have 14 DUIs dant1127 likes this.

11-13-2014, 03:12 PM	#3 (permalink)
dant1127 Base Member Join Date: Aug 2014 Location: US Posts: 110 Drives: NA Rep Power: 11	All of the rates were compared between a few companies. My current provider was the cheapest, but I also have some loyalty discounts. My rates are pretty decent, I was just amazed that a newer convertible was cheaper while a GT hard top was significantly more expensive. Last edited by dant1127; 11-13-2014 at 04:13 PM.

11-13-2014, 04:27 PM	#5 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141521	yah, rates apparently are based on risk and actual accident history. thanks to more dumbarses crashing and totalling the honda fit, my rates have gone up about $50 in the last year while my G and Z insurace have fallen considerably. blackcherry20 likes this.

11-13-2014, 04:35 PM	#6 (permalink)
SouthArk370Z Premium Member Join Date: Nov 2010 Location: South Arkansas Posts: 8,435 Drives: 2014 Challenger Rep Power: 324198	A few of the things that affect a car's rate are: cost to fix, how often it's stolen, horsepower, accident rate, &c. My guess is that convertibles are more costly to fix and are probably stolen more often. __________________ Steering Lock Links - Search The370Z Bookmarklet - FSM @ NICOclub Mankind has progressed past the need for war but we haven't evolved that far. - NachoMahma

11-13-2014, 04:05 PM	#4 (permalink)
falconfixer Track Member Join Date: Feb 2012 Location: 10aC Posts: 978 Drives: Taco Rep Power: 77	Could be one of those things that G's are stolen more than Z's in your area. Maybe more G's on the road getting wrapped around telephone poles compared to Z's.

11-13-2014, 04:40 PM	#7 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141521	that makes sense... the tolerance we must have for stupid.

11-13-2014, 04:43 PM	#8 (permalink)
dant1127 Base Member Join Date: Aug 2014 Location: US Posts: 110 Drives: NA Rep Power: 11	But the Z convertible is significantly less expensive than the G convertible AND cheaper than a coupe. That's the math I don't get.

11-13-2014, 04:46 PM	#9 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141521	noone drives the z vert... well not in big volumes as others.

11-13-2014, 05:57 PM	#11 (permalink)
dant1127 Base Member Join Date: Aug 2014 Location: US Posts: 110 Drives: NA Rep Power: 11	Guyguyguys... the roadster is Cheaper to insure than the coupe. It costs more up front, costs more if totalled, and costs more to repair.

11-13-2014, 07:10 PM	#12 (permalink)
jaybulls A True Z Fanatic Join Date: Feb 2013 Location: vegas, baby Posts: 6,983 Drives: '13 TOUR/6/FI CF/RC Rep Power: 33	i know y'all's insurance rate concerns are legit and i'm trying' to "brag", butt, if it makes you guys feel any better...i'm in my 60's w/basically a clean driving record (never having had an accident) and i'm paying $203/mo. for my '13 probably due only to a bad credit rating acquired later in my life... so, when feelin' fleeced or confused by your rates, remember---it could be worse...sigh dant1127 likes this.

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