Nissan 370Z Forum  

My 370z as pleasure use only

I just bought a 2010 Toyota Prius for my daily commute to work. My 370z will be my sole pleasure fun weekend car. I spoke with my insurance company about

Go Back   Nissan 370Z Forum > Nissan 370Z General Area > Nissan 370Z General Discussions


Reply
 
LinkBack Thread Tools Display Modes
Old 12-17-2010, 02:24 AM   #1 (permalink)
A True Z Fanatic
 
TongMan's Avatar
 
Join Date: Feb 2010
Location: NorCal
Posts: 1,297
Drives: 2013 Nissan GTR
Rep Power: 715
TongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond repute
Question My 370z as pleasure use only

I just bought a 2010 Toyota Prius for my daily commute to work. My 370z will be my sole pleasure fun weekend car. I spoke with my insurance company about any discounts I can get by making the change to my 370z from daily driver to pleasure vehicle and my agent told me that I would only save $47 from my current premium. What's the big idea? I'm going to be putting less than 5,000 miles annually on the Z, but I can't even get a big enough discount. Is it time to change insurance companies?

If your 370z is your pleasure car, how much is your premium?
TongMan is offline   Reply With Quote
Old 12-17-2010, 02:26 AM   #2 (permalink)
A True Z Fanatic
 
ImportConvert's Avatar
 
Join Date: Jun 2010
Location: SWMO
Posts: 4,454
Drives: 2019 CX5 GT Reserve
Rep Power: 7627
ImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond repute
Default

Quote:
Originally Posted by TongMan View Post
I just bought a 2010 Toyota Prius for my daily commute to work. My 370z will be my sole pleasure fun weekend car. I spoke with my insurance company about any discounts I can get by making the change to my 370z from daily driver to pleasure vehicle and my agent told me that I would only save $47 from my current premium. What's the big idea? I'm going to be putting less than 5,000 miles annually on the Z, but I can't even get a big enough discount. Is it time to change insurance companies?

If your 370z is your pleasure car, how much is your premium?
My insurance company charges more for "recreational" vehicles than work vehicles. I think it is the fact that the pleasure vehicle is more likely to be wrecked, per their past analysis of claims on "regular" vs. "pleasure" vehicles.

It's all about risk/profit. They could care less how much/where/whatever, as long as it matches their formulas.
ImportConvert is offline   Reply With Quote
Old 12-17-2010, 03:44 AM   #3 (permalink)
Base Member
 
BennytheBlade's Avatar
 
Join Date: Oct 2009
Location: Huntsville
Posts: 180
Drives: 09 Black 370 NISMO
Rep Power: 16
BennytheBlade is on a distinguished road
Default

A Z driven for pleasure probably= a car being driven sporty.

I have a Honda Fit for my DD and the z for w/es. Been about a year, and at
5k miles. I have my family, my bros family, and my parents all on the same insurance w/ all houses and vehicles. We get about as big a discount as you can get w/o being a corporation . Didnt make much difference tho, still pay a huge amount for insuring the z.

Well worth it tho.
__________________
Forged Specialties SC 6 Bronze 19x9.5 +22 19x10.5+12|Hankook Evo 255/35/19 305/30/19
Berk HFC | BM Short Shifter |Stillen G3 Intake
BennytheBlade is offline   Reply With Quote
Old 12-17-2010, 07:27 AM   #4 (permalink)
Base Member
 
Join Date: Oct 2010
Location: Washington, DC
Posts: 201
Drives: '10 370Z Tour/Sp M6
Rep Power: 15
Jessobear will become famous soon enough
Default

I've always had State Farm and mine is definitely cheaper to insure since I don't have it listed as my daily vehicle. With State Farm, I think the lowest classification is under 7500 miles annually.
Jessobear is offline   Reply With Quote
Old 12-17-2010, 07:31 AM   #5 (permalink)
A True Z Fanatic
 
ImportConvert's Avatar
 
Join Date: Jun 2010
Location: SWMO
Posts: 4,454
Drives: 2019 CX5 GT Reserve
Rep Power: 7627
ImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond repute
Default

Quote:
Originally Posted by Jessobear View Post
I've always had State Farm and mine is definitely cheaper to insure since I don't have it listed as my daily vehicle. With State Farm, I think the lowest classification is under 7500 miles annually.
Allstate here. SF offered me a lower recreational rate, but Allstate was still less for the same coverage with just their regular use policy.

Insurance varies a LOT! from state to state.
ImportConvert is offline   Reply With Quote
Old 12-17-2010, 08:11 AM   #6 (permalink)
A True Z Fanatic
 
Join Date: Aug 2009
Location: N/A
Posts: 76,801
Drives: N/A
Rep Power: 141521
kenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond repute
Default

Both my Z and G are under the weekend car coverage. Max I can drive is 7500miles per year per car. Which I will never put on the car. They only see 4K max.
kenchan is offline   Reply With Quote
Old 12-17-2010, 09:10 AM   #7 (permalink)
Base Member
 
Join Date: Apr 2009
Location: Overland Park, KS
Posts: 100
Drives: 09 370Z Yellow M6
Rep Power: 16
themann1984 is on a distinguished road
Default

I'm a credentialed P&C actuary who worked for one of the large personal insurance companies. So, I'm pretty knowledgeable on this stuff.

If there is a large difference in rating factors between pleasure and work it will encourage people to mis-classify their vehicle so that they can get a lower premium. Remember, this is a characteristic your company can't validate. When was the last time your insurance company checked your odometer to see if your annual miles were what you stated?

If you want to save more money, investigate other companies. Progressive is offering to put a black box in your car to record mileage. If your mileage is low you can get significant discounts. Additionally, you should be receiving a lower price per car anyway since there is now 2 cars and 1 driver.
themann1984 is offline   Reply With Quote
Old 12-17-2010, 09:22 AM   #8 (permalink)
A True Z Fanatic
 
shadoquad's Avatar
 
Join Date: Apr 2010
Location: .
Posts: 42,608
Drives: .
Rep Power: 3886
shadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond repute
Default

I've got my Mazda dd and my Z on the same insurance, with the Z on <12k miles per year coverage. I asked what would change if I just sold the Mazda and covered the Z as my daily driver. It was a difference of 20 bucks a month. Discouraging. lol
shadoquad is offline   Reply With Quote
Old 12-17-2010, 09:40 AM   #9 (permalink)
A True Z Fanatic
 
Join Date: Aug 2009
Location: N/A
Posts: 76,801
Drives: N/A
Rep Power: 141521
kenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond reputekenchan has a reputation beyond repute
Default

I don't remember wat the difference was but im not paying much for any of my cars.
kenchan is offline   Reply With Quote
Old 12-17-2010, 09:48 AM   #10 (permalink)
A True Z Fanatic
 
ChrisSlicks's Avatar
 
Join Date: Mar 2009
Location: North East
Posts: 6,203
Drives: 09 370Z Sport M6
Rep Power: 653
ChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond reputeChrisSlicks has a reputation beyond repute
Default

My insurance company gives a 10% discount if you drive a vehicle less than 5000 miles a year, but you don't get the discount until after you've completed a year of low miles. I have to fill out a form each year with the odometer readings of the low mileage vehicles. They also ask how frequently they are driven to work, so I guess they factor that in as well somehow.
__________________
Hotchkis ARB | Stillen CAI | Art Pipes | Berk CBE | Stillen AP Racing Brakes | AE Performance Oil Cooler | BC Racing ER Coilovers | Doran Control Arms
ChrisSlicks is offline   Reply With Quote
Old 12-17-2010, 09:49 AM   #11 (permalink)
A True Z Fanatic
 
ClemsonWill's Avatar
 
Join Date: Jul 2010
Location: Charleston, SC
Posts: 12,045
Drives: a Civic VP!
Rep Power: 445
ClemsonWill has a reputation beyond reputeClemsonWill has a reputation beyond reputeClemsonWill has a reputation beyond reputeClemsonWill has a reputation beyond reputeClemsonWill has a reputation beyond reputeClemsonWill has a reputation beyond reputeClemsonWill has a reputation beyond reputeClemsonWill has a reputation beyond reputeClemsonWill has a reputation beyond reputeClemsonWill has a reputation beyond reputeClemsonWill has a reputation beyond repute
Send a message via AIM to ClemsonWill
Default

Quote:
Originally Posted by shadoquad View Post
I've got my Mazda dd and my Z on the same insurance, with the Z on <12k miles per year coverage. I asked what would change if I just sold the Mazda and covered the Z as my daily driver. It was a difference of 20 bucks a month. Discouraging. lol
I considered doing the same but my difference was $30. Being that my DD is paid for. It's worth paying the $30 to have an extra car and save the Z from my harsh drive to work.
__________________
Slightly modded
ClemsonWill is offline   Reply With Quote
Old 12-17-2010, 10:00 AM   #12 (permalink)
A True Z Fanatic
 
ImportConvert's Avatar
 
Join Date: Jun 2010
Location: SWMO
Posts: 4,454
Drives: 2019 CX5 GT Reserve
Rep Power: 7627
ImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond reputeImportConvert has a reputation beyond repute
Default

Quote:
Originally Posted by themann1984 View Post
I'm a credentialed P&C actuary who worked for one of the large personal insurance companies. So, I'm pretty knowledgeable on this stuff.

If there is a large difference in rating factors between pleasure and work it will encourage people to mis-classify their vehicle so that they can get a lower premium. Remember, this is a characteristic your company can't validate. When was the last time your insurance company checked your odometer to see if your annual miles were what you stated?

If you want to save more money, investigate other companies. Progressive is offering to put a black box in your car to record mileage. If your mileage is low you can get significant discounts. Additionally, you should be receiving a lower price per car anyway since there is now 2 cars and 1 driver.
Bad experience with Progressive. Their client rammed my car at a gas-station and they refused to cover ANY damages. He dumped them on every vehicle him and his company owned. Since then, they have been a no-go for me.
ImportConvert is offline   Reply With Quote
Old 12-17-2010, 10:25 AM   #13 (permalink)
A True Z Fanatic
 
shadoquad's Avatar
 
Join Date: Apr 2010
Location: .
Posts: 42,608
Drives: .
Rep Power: 3886
shadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond reputeshadoquad has a reputation beyond repute
Default

Quote:
Originally Posted by ClemsonWill View Post
I considered doing the same but my difference was $30. Being that my DD is paid for. It's worth paying the $30 to have an extra car and save the Z from my harsh drive to work.
Same exact decision that I made.
shadoquad is offline   Reply With Quote
Old 12-17-2010, 11:34 AM   #14 (permalink)
Track Member
 
Join Date: Jan 2010
Location: California
Posts: 903
Drives: Used to drive a 370z
Rep Power: 16
mick is on a distinguished road
Default

Here's my 6-month premium with the z as a 'pleasure' car.

mick is offline   Reply With Quote
Old 12-17-2010, 12:02 PM   #15 (permalink)
Enthusiast Member
 
John Bradley's Avatar
 
Join Date: Aug 2009
Location: Athens, Georgia
Posts: 419
Drives: 2010 Silver RDZTER
Rep Power: 16
John Bradley is just really niceJohn Bradley is just really niceJohn Bradley is just really niceJohn Bradley is just really nice
Default

State Farm for me, pleasure driver, 309.10 every 6 months with zero deductable too
John Bradley is offline   Reply With Quote
Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Business and Pleasure.... FricFrac Canada 3 07-20-2009 12:12 AM
2009 Nissan 370Z - Rendered For Your Pleasure by Jalopnik 10.20.08 AK370Z Nissan 370Z Photos / Spyshots / Video / Media Gallery 4 10-31-2008 11:46 PM


All times are GMT -5. The time now is 10:18 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2