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

Bonzo · 03-28-2012, 12:54 PM

That's an insane amount of money. That's like if you had a DUI or something insane. Hope you can figure out a way to lower it.

Anyway, here is a thread that will give you a better idea of how much people are paying and how much it varies.

http://www.the370z.com/nissan-370z-g...ighlight=bonzo

imwazn · 03-28-2012, 03:48 PM

My insurance is about 4 grand also

. I'm only 19 though, albeit without any tickets or accidents. I also have the good student discount and everything. They quoted me for about 2 for a Mustang though. I am not sure the reasoning behind the price difference.

TerribleONE · 03-28-2012, 03:49 PM

probably because the Z is only a 2 seater making it a "true sports car" in the insurance companies book even though the 5.0 could get you into even more trouble..

Cyberium · 03-28-2012, 04:05 PM

Quote:

Originally Posted by TerribleONE

probably because the Z is only a 2 seater making it a "true sports car" in the insurance companies book even though the 5.0 could get you into even more trouble..

When insurance company's hear "Mustang" they think of:

When they hear "370z" they think of:

TerribleONE · 03-28-2012, 04:08 PM

sad but true ^ I was very surprised when I got quoted under 1000 a year

Th3 On3 · 03-29-2012, 11:50 AM

Quote:

Originally Posted by agrotech

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

Damn this is what I almost pay a month for my policy =[

Bucketlist2012 · 05-13-2012, 10:38 AM

It is all about age..

Younger male drivers will race and drive faster on the streets...

Don't ask how I know this..But it is so true..

Experience means nothing at all..It is the instant willingness to race and go 100mph plus.. The insurance company knows this..You can talk about your racing experience, track time, blah,blah, blah..

I was young once and never , ever, drove slow..

Now at 52 with a 420HP pro touring Hot rod, i built it for track racing, and i will not race on the street because i own my Home, and have a large portfolio...I would not risk those just to beat someone at the stop light..They laugh and think they beat me...I didn't race..I won the game of life and live large.. i do not want to give it away in a lawsuit.

And then ther is the mortality factor...I have been near death, and i know that I could kill innocent people if i race.

When i was young, the cars on the freeway were my orange cones at the autocross.. In and out between them at 100mph plus, not any more..

So, it is age...first...then add in all the other stuff and you pay more than i pay for all three of my cars...two are high performance.

Snakes709 · 05-13-2012, 10:46 AM

To the OP, dont feel so bad, i was paying $5300 a year but that was with 1 accident and 2 tickets and i was 23 at the time. My SRT-10 Ram was 2000 a year and now the EvoX is 2300 a year. No tickets, no accidents and im 25 now.

IDZRVIT · 05-13-2012, 09:20 PM

I pay just under $1000 full coverage. So it's comparable to what our friends to the south of us are paying.

MattP725 · 05-13-2012, 09:30 PM

Insurance companies simply have some type of mathematical algorithm for assessing risk of loss. There is usually large variations between companies as they each weigh different risk factors differently. Try another company and you might find a shockingly large variation.

They also don't care about your "experience" over those in your same category. You are going to be pooled with 20-somethings that have never driven and the same ages with lots of road experience.

Shotta · 05-13-2012, 11:30 PM

I just bought my used Z recently and its costing me LESS per month to insure the 201 370z then it is to insure my 2008 Ford Escape or the 1996 BMW 328is.

Go figure!

UNKNOWN_370 · 05-14-2012, 12:01 AM

Quote:

Originally Posted by DarkJak

Hot damn, that is insane. I had to pay $1900/year and I thought that was expensive. However, this was after my mom had an accident in the G37 that cost $8000 in repairs and got a speeding ticket a few months before that. The way our insurance worked was that it was split between the family.

But I'm 18, and when we got the Z, I'd only been driving 2 years. Plus, we are asian, and we all know the asian stereotype when it comes to driving XD The only thing I had going for me was a perfect record and a good student discount, no driving classes in high school.

And $1900/yr was ridiculous, and we were able to get it down to $1600 a year a few months ago.

The 370z definitely shouldn't be THAT high to insure. I don't think accident rates are as high as a lot of other sports cars in this range, since it's usually sold to more mature drivers. Maybe they feel like they could charge that much due to lack of competition. OR maybe they expect you to wreck in the cold snowy months?

How much coverage do you have though? That could make a huge difference.

Where did you get that demographic from?

According to our forum, 2/3 of all the Z drivers here are under 40 years old. I think you are confusing the Z with a vette?

Versa_Drifter · 05-14-2012, 06:58 AM

Quote:

Originally Posted by flashburn

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

^ loool imagine if his last name was Jelric

DJ-of-E · 05-14-2012, 01:58 PM

Quote:

Originally Posted by Elric

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.

Once you hit 25, you'd wonder why your bill is so low.

Unless you're like that one 19 year old kid who killed his passenger in an MR2...while racing against a pick up....on a long and straight street. Then you don't have to worry about insurance because you're now screwed.

http://losangeles.cbslocal.com/2012/...street-racing/

btw, the passenger was his own sister.

Cafiax · 05-14-2012, 03:45 PM

^that is disgusting..

03-28-2012, 12:54 PM	#46 (permalink)
Bonzo Track Member Join Date: Oct 2009 Location: Ohio Posts: 690 Drives: Finally, a 370Z!!! Rep Power: 3372	Wow, insane. That's an insane amount of money. That's like if you had a DUI or something insane. Hope you can figure out a way to lower it. Anyway, here is a thread that will give you a better idea of how much people are paying and how much it varies. http://www.the370z.com/nissan-370z-g...ighlight=bonzo __________________ Finally Able To Order 2012 Model 8/24/2011 Delivered Tuesday November 15, 9:57 am!!! 2012, Auto, White, Sport, Kick Plates

03-28-2012, 03:49 PM	#48 (permalink)
TerribleONE A True Z Fanatic Join Date: Jan 2009 Location: Socal Posts: 10,203 Drives: WOT Rep Power: 5850	probably because the Z is only a 2 seater making it a "true sports car" in the insurance companies book even though the 5.0 could get you into even more trouble.. __________________ 638WHP 541WTQ @ 13.5PSI Build thread

03-28-2012, 04:08 PM	#50 (permalink)
TerribleONE A True Z Fanatic Join Date: Jan 2009 Location: Socal Posts: 10,203 Drives: WOT Rep Power: 5850	sad but true ^ I was very surprised when I got quoted under 1000 a year __________________ 638WHP 541WTQ @ 13.5PSI Build thread

05-13-2012, 10:38 AM	#52 (permalink)
Bucketlist2012 A True Z Fanatic Join Date: Feb 2012 Location: Northern California Posts: 1,424 Drives: 370Z Touring/Sport Rep Power: 16	It is all about age.. Younger male drivers will race and drive faster on the streets... Don't ask how I know this..But it is so true.. Experience means nothing at all..It is the instant willingness to race and go 100mph plus.. The insurance company knows this..You can talk about your racing experience, track time, blah,blah, blah.. I was young once and never , ever, drove slow.. Now at 52 with a 420HP pro touring Hot rod, i built it for track racing, and i will not race on the street because i own my Home, and have a large portfolio...I would not risk those just to beat someone at the stop light..They laugh and think they beat me...I didn't race..I won the game of life and live large.. i do not want to give it away in a lawsuit. And then ther is the mortality factor...I have been near death, and i know that I could kill innocent people if i race. When i was young, the cars on the freeway were my orange cones at the autocross.. In and out between them at 100mph plus, not any more.. So, it is age...first...then add in all the other stuff and you pay more than i pay for all three of my cars...two are high performance. __________________ 2009 Sport/Touring 370Z 1971 Z/28 with coil overs, rushforth's, willwoods, Hotchkis. 4 speed GMC Sierra1500

05-13-2012, 10:46 AM	#53 (permalink)
Snakes709 A True Z Fanatic Join Date: Aug 2009 Location: Edmonton Posts: 1,205 Drives: 2011 Evo-X GSR Rep Power: 18	To the OP, dont feel so bad, i was paying $5300 a year but that was with 1 accident and 2 tickets and i was 23 at the time. My SRT-10 Ram was 2000 a year and now the EvoX is 2300 a year. No tickets, no accidents and im 25 now. __________________ 2011 Evo-GSR AMS 2.4 stroker/ bore, FP Black build in progress. Sponsor: DSG Performance

03-28-2012, 03:48 PM	#47 (permalink)
imwazn Base Member Join Date: Aug 2011 Location: Virginia Posts: 187 Drives: 11 370Z Base, M/T Rep Power: 14	My insurance is about 4 grand also . I'm only 19 though, albeit without any tickets or accidents. I also have the good student discount and everything. They quoted me for about 2 for a Mustang though. I am not sure the reasoning behind the price difference.

05-13-2012, 09:20 PM	#54 (permalink)
IDZRVIT A True Z Fanatic Join Date: May 2009 Location: Halifax Posts: 1,659 Drives: '13 CTS-V, '76 Vette Rep Power: 27	I pay just under $1000 full coverage. So it's comparable to what our friends to the south of us are paying. __________________ "America.... still builds rockets!" Vette: 355 cid, 400 rwhp '13 CTS-V Coupe: 6.2L LSA, 556HP

05-13-2012, 09:30 PM	#55 (permalink)
MattP725 A True Z Fanatic Join Date: May 2011 Location: Toms River, NJ Posts: 1,904 Drives: 2010 40th Rep Power: 17	Insurance companies simply have some type of mathematical algorithm for assessing risk of loss. There is usually large variations between companies as they each weigh different risk factors differently. Try another company and you might find a shockingly large variation. They also don't care about your "experience" over those in your same category. You are going to be pooled with 20-somethings that have never driven and the same ages with lots of road experience.

05-13-2012, 11:30 PM	#56 (permalink)
Shotta Enthusiast Member Join Date: Apr 2012 Location: Niagara Posts: 316 Drives: 2010 370z black M6 Rep Power: 13	I just bought my used Z recently and its costing me LESS per month to insure the 201 370z then it is to insure my 2008 Ford Escape or the 1996 BMW 328is. Go figure!

05-14-2012, 03:45 PM	#60 (permalink)
Cafiax Enthusiast Member Join Date: Nov 2010 Location: Canada - Richmond Posts: 291 Drives: 10 Nissan 370z PW A7 Rep Power: 15	^that is disgusting.. __________________ 2010-PW-370z Fast Intentions CBE 18" res + HFC, K&N Typhoons Intakes(Gen 3 Stillen soon), 20mm H&R Front - 25mm H&R Back, Shine Auto(Sunline)

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