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

Z_ealot · 03-27-2012, 09:40 PM

damn that is some expensive insurance up there in canada, i only pay $129 a month for full coverage, but then again i have a safe driver and good driver discount applied to my policy

ZMan8 · 03-27-2012, 09:55 PM

If i had to pay that much, i honestly wouldn't get this car.

average ownership period =3-5 years ---> $12,000-20,000 just for insurance + gas = almost a second Z...

theboydiddy · 03-28-2012, 01:25 AM

daammmnnnn kid.
i got two cars under my insurance one of them being a 2012 Z.
i had 5 accidents with my previous car and 1 speeding ticket and i still only pay $2500 a year.... its probably bc you in canada? that place sucks major balls !!!

theboydiddy · 03-28-2012, 01:26 AM

oh. n i got full coverage on both cars as well

Methodical4u · 03-28-2012, 01:40 AM

My Z was 75$ a month. I never had a ticket or accident though... plus being over 30 and married helps a lot.

alcheng · 03-28-2012, 03:06 AM

Quote:

Originally Posted by 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

Hey Elric, you can't compare the price/rate between US and Canada, everything in the State is cheaper than Canada, that's why there're so many Canadian go to shop in the State.

We pay higher price for car, fuel, insurance, parts, labor, almost all the consumer goods are more expensive in Canada than in US.

If you want to have the expense as low as US, sorry bud, unless you move to the State.

Regarding your insurance rate, first of all, how old are you?? No matter how clean your driving record is, your insurance rate is gonna be sky high if you are under 25.

When I was 19, I paid $8000 for an 4 years old Integra that worths less than $4000 and that was some 18 years ago.

"High Risk Pool", you heard about it, right??

Wait til you turn 25 and have a clean driving record, then you can enjoy a much lower rate.

Quote:

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...

Come to Ontario, I think the rate in here is even higher because we have a open market and they(insurance company) can set whatever the rate they want and the government won't do anything to regulate it, because higher premium=more taxes.

gsxr750 · 03-28-2012, 03:51 AM

Easy you live in a socialist country, no constitution, and really screwed by the government no fault insurance system ( where you can 't sue anyone and you are heavly taxed to support your paid health care, Thats why you pay 40% in taxes and high insurance premiums.

Gauge · 03-28-2012, 08:05 AM

i pay roughly 700 a year for my insurance lol

2011 Nismo#91 · 03-28-2012, 08:15 AM

Parking my car up in North Jersey on the street was about $1000 more then parking it in my parents driveway in central jersey. Location has a lot to do with it.

Mikes350z · 03-28-2012, 08:40 AM

Quote:

Originally Posted by 2011 Nismo#91

Parking my car up in North Jersey on the street was about $1000 more then parking it in my parents driveway in central jersey. Location has a lot to do with it.

Very true, Im from Northern NJ and used to park in a garage at my home, but now being in Mass im in a parking lot at an apartment complex, insurance went up but nothing sky-high, I am 24 and it is $131 a month now. Not terrible. But I honestly have no speeding tickets and no accidents (knock on wood) this is also my second Z so the insurance company was glad I never crashed the last one or sped (GEICO) and should drop in cost significantly when I turn 25 next year.

theboydiddy · 03-28-2012, 08:52 AM

Interesting

Methodical4u · 03-28-2012, 10:57 AM

Quote:

Originally Posted by Z_ealot

damn that is some expensive insurance up there in canada, i only pay $129 a month for full coverage, but then again i have a safe driver and good driver discount applied to my policy

Are you over 25?

kenchan · 03-28-2012, 11:04 AM

i dont remember anytime in my life having to have to pay over $600 for 6months...

NBZ34 · 03-28-2012, 11:35 AM

2012 NISSAN 370Z 6 month full coverage policy: $383.01

Insurance Co. is USAA
Over 40
Married
No tickets or accidents in past 20 yrs

Elric · 03-28-2012, 12:35 PM

Quote:

Originally Posted by alcheng

Hey Elric, you can't compare the price/rate between US and Canada, everything in the State is cheaper than Canada, that's why there're so many Canadian go to shop in the State.

We pay higher price for car, fuel, insurance, parts, labor, almost all the consumer goods are more expensive in Canada than in US.

If you want to have the expense as low as US, sorry bud, unless you move to the State.

Regarding your insurance rate, first of all, how old are you?? No matter how clean your driving record is, your insurance rate is gonna be sky high if you are under 25.

When I was 19, I paid $8000 for an 4 years old Integra that worths less than $4000 and that was some 18 years ago.

"High Risk Pool", you heard about it, right??

Wait til you turn 25 and have a clean driving record, then you can enjoy a much lower rate.

Come to Ontario, I think the rate in here is even higher because we have a open market and they(insurance company) can set whatever the rate they want and the government won't do anything to regulate it, because higher premium=more taxes.

Thanks for bringing up this idea of being in the "high risk pool". That could really explain it. I drive very carefully and aviod doing stupid stuff. But being five years away from turning 25, I need to bear with it for now and build up my record overtime.

03-27-2012, 09:55 PM	#32 (permalink)
ZMan8 A True Z Fanatic Join Date: Oct 2011 Location: Chicago, IL Posts: 5,844 Drives: 10 370z 40th M6 Rep Power: 659	If i had to pay that much, i honestly wouldn't get this car. average ownership period =3-5 years ---> $12,000-20,000 just for insurance + gas = almost a second Z... __________________ 2010 370Z 40 Anniv., 6 MT \| Fast Intentions \| Swift Springs \| SPC \| Z1Motorsports \| JWM \| Redline Oils \| 35% Window Tint 2015 Mazda6 \| 370ZChicago: Chicago Area Cars & Coffee

03-28-2012, 08:05 AM	#38 (permalink)
Gauge Track Member Join Date: Sep 2011 Location: Madison WI Posts: 867 Drives: 2012 370Z Nismo PW Rep Power: 15	i pay roughly 700 a year for my insurance lol __________________ I am a demon bolt slayer.

03-28-2012, 11:35 AM	#44 (permalink)
NBZ34 Enthusiast Member Join Date: Jan 2012 Location: New Braunfels, TX Age: 54 Posts: 467 Drives: '12 Touring AT Sport Rep Power: 13	2012 NISSAN 370Z 6 month full coverage policy: $383.01 Insurance Co. is USAA Over 40 Married No tickets or accidents in past 20 yrs Last edited by NBZ34; 03-28-2012 at 11:39 AM.

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03-27-2012, 09:40 PM	#31 (permalink)
Z_ealot A True Z Fanatic Join Date: Sep 2010 Location: Albuquerque, NM Posts: 2,045 Drives: 09 370Z Touring/Sprt Rep Power: 10091	damn that is some expensive insurance up there in canada, i only pay $129 a month for full coverage, but then again i have a safe driver and good driver discount applied to my policy

03-28-2012, 01:25 AM	#33 (permalink)
theboydiddy Track Member Join Date: Mar 2012 Location: New York City Posts: 938 Drives: 370z Pearl White Rep Power: 14	daammmnnnn kid. i got two cars under my insurance one of them being a 2012 Z. i had 5 accidents with my previous car and 1 speeding ticket and i still only pay $2500 a year.... its probably bc you in canada? that place sucks major balls !!!

03-28-2012, 01:26 AM	#34 (permalink)
theboydiddy Track Member Join Date: Mar 2012 Location: New York City Posts: 938 Drives: 370z Pearl White Rep Power: 14	oh. n i got full coverage on both cars as well

03-28-2012, 01:40 AM	#35 (permalink)
Methodical4u A True Z Fanatic Join Date: Jun 2011 Location: Maryland Posts: 1,393 Drives: 11 370 6mt pw w/sp Rep Power: 16	My Z was 75$ a month. I never had a ticket or accident though... plus being over 30 and married helps a lot.

03-28-2012, 03:51 AM	#37 (permalink)
gsxr750 Enthusiast Member Join Date: Jan 2012 Location: west Posts: 443 Drives: 2012 370z man. sport Rep Power: 13	Easy you live in a socialist country, no constitution, and really screwed by the government no fault insurance system ( where you can 't sue anyone and you are heavly taxed to support your paid health care, Thats why you pay 40% in taxes and high insurance premiums.

03-28-2012, 08:15 AM	#39 (permalink)
2011 Nismo#91 A True Z Fanatic Join Date: Mar 2011 Location: NJ Posts: 2,400 Drives: slowly Rep Power: 40569	Parking my car up in North Jersey on the street was about $1000 more then parking it in my parents driveway in central jersey. Location has a lot to do with it.

03-28-2012, 08:52 AM	#41 (permalink)
theboydiddy Track Member Join Date: Mar 2012 Location: New York City Posts: 938 Drives: 370z Pearl White Rep Power: 14	Interesting

03-28-2012, 11:04 AM	#43 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141521	i dont remember anytime in my life having to have to pay over $600 for 6months...