$4000 insurance per year ... Why so expensive？

[Elric]

Greetings Z community

Some questions regarding on the insurance of my Z.
I live in vancouver B.C. Canada. and my insurance is 4030CA dollars a year ！ when I saw some of you guys down states only have 1000 or even less per year insurance im so comfused

I brought my 09 Z for 25,000CA mid 2011.
It is an accident car which i would assume it has less value？ It is a U.S. car though. the accident is nothing too major. fender.headlight. bumper.

Eventhough I dont get any discount being young driver but my parent has big discounts still could cause them 3050CA to insure it.

could some one give me some ideas to justify this？
4000dollar insurance seems expansive for a 25000 bought car!

Thanks in davance

[kenchan]

cause you suck? not sure.

[TerribleONE]

but seriously.. that sounds insane. I am not sure how the rates work in Canada since it seems like everything is more expensive.. But I am only in my low 20s.. two cars, I do own a house and my Z is under 900 a year to insure full coverage. 100/300/100

[Huck]

Same here, my Z and my wife's civic is about $1200 a year, no tickets since 2003, good credit, and I'm 29, so that brings it down some. If you have a lot of tickets and you're a young kid that could explain it. My little brother has had a few tickets, and just wrapped his Focus around a pole, and he's 17. He's paying about $4000 a year now lol.


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[TerribleONE]

Originally Posted by Huck

Same here, my Z and my wife's civic is about $1200 a year, no tickets since 2003, good credit, and I'm 29, so that brings it down some. If you have a lot of tickets and you're a young kid that could explain it. My little brother has had a few tickets, and just wrapped his Focus around a pole, and he's 17. He's paying about $4000 a year now lol.


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yea that would explain it...

[flashburn]

Probably because your name is Elric, I wouldn't insure you either.

[Elric]

Why hating on the name I use on the forum？Like A lot of other users...not real name. come on.....

[PapoZalsa]

Originally Posted by Elric

Why hating on the name I use on the forum？Like A lot of other users...not real name. come on.....

They are just joking...you need thick skin to post here.

Remember it is a public forum!

[Versa_Drifter]

Originally Posted by flashburn

Probably because your name is Elric, I wouldn't insure you either.

^ loool imagine if his last name was Jelric

[Tbaber1990]

Originally Posted by flashburn

Probably because your name is Elric, I wouldn't insure you either.

[sparky]

It's simple, you haven't been driving long enough.
I insured mine for 2K but that is after a 40% discount for 4 plus years of safe driving. A further discount comes from driving for over 10 years. This is for 3 million in liabilty and full collision coverage.
Any accidents erases the 40% and the 4 years starts over. Had any of those?
You also get 1 free claim here. If you get in an own fault collision you can use your freebie and keep your 40% but if you get in another one you're screwed.

Usually people paying 4K for insurance have claims or too many tickets.
Tip: if you get in a small fender bender, pay out of pocket to fix the other car.
It's often cheaper than paying 40% more for your insurance.

Sounds to me like you're not coming clean on your driving record.

[d15b7]

Originally Posted by sparky

It's simple, you haven't been driving long enough.
I insured mine for 2K but that is after a 40% discount for 4 plus years of safe driving. A further discount comes from driving for over 10 years. This is for 3 million in liabilty and full collision coverage.
Any accidents erases the 40% and the 4 years starts over. Had any of those?
You also get 1 free claim here. If you get in an own fault collision you can use your freebie and keep your 40% but if you get in another one you're screwed.

Usually people paying 4K for insurance have claims or too many tickets.
Tip: if you get in a small fender bender, pay out of pocket to fix the other car.
It's often cheaper than paying 40% more for your insurance.

Sounds to me like you're not coming clean on your driving record.

I think 4K is the "base" price for 370Z for full coverage and certain amount of deductible, disregarding your age and driving history, FROM ICBC. My quote is also around 4K (so is another new owner very different from me in terms of age and driving history), then there's a 40% discount and I still pay exactly $200 a month, That's ICBC in the great north.
Unlike the companies in the states, ICBC set the price mostly based on the risk factor of the car, instead of the driver (the latter was proposed only recently.) "Political Correctness" is a great deal in the culture here - you don't "discriminate" individuals. You get "discounts" for "points" you accumulated by clean driving records each year (i.e. the older you're without accident/tickets, the more point you got and thus better discounts). If you had enough points in the records, after you had an at-fault accident, your points dropped but would still at the max discount level. Otherwise you might get dropped to the lower discount level. There's no "1 free claim" in the policy; and another accident wouldn't erase all your points neither. Drive well next year and you'll get some points back and perhaps a 5% discount per one or two years. Don't ask me how I know all these stuffs.

[wheee!]

ICBC charges what they want.... no competition. Alberta is a little better. I pay $1000 a year for a 2010 with full coverage. No tickets or accidents and 25 years of good driving!

.... my son however pays $13,000 a year to drive a Dodge 1500.....
don't ask...

[TerribleONE]

Originally Posted by wheee!

ICBC charges what they want.... no competition. Alberta is a little better. I pay $1000 a year for a 2010 with full coverage. No tickets or accidents and 25 years of good driving!

.... my son however pays $13,000 a year to drive a Dodge 1500.....
don't ask...

[honger]

that doesnt sound right .
I pay ICBC 2.2k/ year with a 40% discount (8 yr driving)

get a quote from private insurance