Nissan 370Z Forum  

Insurance Rate Has Never Dropped

I pay $1,375 per 6 months, for 3 cars in LA all at 100/300/100. The Z itself is $558 per 6 months.

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


Like Tree1Likes

Reply
 
LinkBack Thread Tools Display Modes
Old 03-27-2013, 01:42 PM   #16 (permalink)
Track Member
 
ShutokuZ's Avatar
 
Join Date: Oct 2012
Location: Honolulu
Posts: 512
Drives: 2013 PW 6MT Sport
Rep Power: 14
ShutokuZ will become famous soon enough
Default

I pay $1,375 per 6 months, for 3 cars in LA all at 100/300/100. The Z itself is $558 per 6 months.
ShutokuZ is offline   Reply With Quote
Old 03-27-2013, 01:48 PM   #17 (permalink)
Base Member
 
Join Date: Feb 2013
Location: Maryland
Posts: 90
Drives: 370Z Catfish Edition
Rep Power: 12
bbowers825 is on a distinguished road
Default

There are insurance agencies (Agency's?) that shop for you.

The place I get my insurance through is called Consilidated Insurance Agency. They shop for me once a year, if they find a better rate, they verify that I want the better rate, and do everything for me.

Might be worth looking into....

Last edited by bbowers825; 03-27-2013 at 01:53 PM.
bbowers825 is offline   Reply With Quote
Old 03-27-2013, 01:55 PM   #18 (permalink)
A True Z Fanatic
 
theDreamer's Avatar
 
Join Date: Feb 2009
Location: Texas
Posts: 30,879
Drives: 370z
Rep Power: 4210
theDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond repute
Default

Quote:
Originally Posted by dinfire View Post
I live in LA and pay $120 per month for full coverage. The car is in a garage both at home and at work. It rarely, if ever, even sits on the street where it can be touched. Stands to reason that as the value of the car plummets (can't believe how much its value has faded despite only 19K miles) the insurance should come down. After all, if it's totaled, State Farm will have to pay A LOT less. But from the sounds of it, everyone is dealing with the same thing, so I guess I just have to deal with it.
Value of the car is not really going to alter it that much.
Especially if the insurance company is adjusting their rates up slightly you are basically seeing the offset which comes out to 0 change.
__________________
theDreamer's Z // Fast Intentions // Uprev // GTM // HKS // TEIN
theDreamer's Silvia // URAS // GREDDY
Houston Zs // Facebook // Twitter // Instagram
theDreamer is offline   Reply With Quote
Old 03-27-2013, 02:07 PM   #19 (permalink)
A True Z Fanatic
 
Red__Zed's Avatar
 
Join Date: Jul 2010
Location: window seat
Posts: 28,940
Drives: Mostly on two wheels
Rep Power: 120
Red__Zed has a reputation beyond reputeRed__Zed has a reputation beyond reputeRed__Zed has a reputation beyond reputeRed__Zed has a reputation beyond reputeRed__Zed has a reputation beyond reputeRed__Zed has a reputation beyond reputeRed__Zed has a reputation beyond reputeRed__Zed has a reputation beyond reputeRed__Zed has a reputation beyond reputeRed__Zed has a reputation beyond reputeRed__Zed has a reputation beyond repute
Default

Quote:
Originally Posted by Cmike2780 View Post
I was paying that amount with Allstate before switching to Geico. Now I pay about $780/6 months. Same coverage.
yes, but now you have geico.
Red__Zed is offline   Reply With Quote
Old 03-27-2013, 02:10 PM   #20 (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

my rate went down about $150 per 6months since taking ownership.
kenchan is offline   Reply With Quote
Old 03-27-2013, 02:46 PM   #21 (permalink)
A True Z Fanatic
 
UNKNOWN_370's Avatar
 
Join Date: Jul 2009
Location: ny'r livn in tx
Posts: 8,687
Drives: well over 130m.p.h.
Rep Power: 14858
UNKNOWN_370 has a reputation beyond reputeUNKNOWN_370 has a reputation beyond reputeUNKNOWN_370 has a reputation beyond reputeUNKNOWN_370 has a reputation beyond reputeUNKNOWN_370 has a reputation beyond reputeUNKNOWN_370 has a reputation beyond reputeUNKNOWN_370 has a reputation beyond reputeUNKNOWN_370 has a reputation beyond reputeUNKNOWN_370 has a reputation beyond reputeUNKNOWN_370 has a reputation beyond reputeUNKNOWN_370 has a reputation beyond repute
Default

I got my first price drop since the accident. I was paying $260 a month full coverage for both Nissan Altima and Z. now i'm paying $234. Thats an annual savings of $300. I'll take it.
__________________
Favorite Quote.
"I'm not gonna kill you... I'm just gonna Bash Your Face In" Jack Nicholson-"The Shining". 1980
UNKNOWN_370 is offline   Reply With Quote
Old 03-27-2013, 03:22 PM   #22 (permalink)
A True Z Fanatic
 
BeemaaZ's Avatar
 
Join Date: Sep 2011
Location: Irvine, CA
Posts: 2,594
Drives: 40thAE#472
Rep Power: 508
BeemaaZ has a reputation beyond reputeBeemaaZ has a reputation beyond reputeBeemaaZ has a reputation beyond reputeBeemaaZ has a reputation beyond reputeBeemaaZ has a reputation beyond reputeBeemaaZ has a reputation beyond reputeBeemaaZ has a reputation beyond reputeBeemaaZ has a reputation beyond reputeBeemaaZ has a reputation beyond reputeBeemaaZ has a reputation beyond reputeBeemaaZ has a reputation beyond repute
Default

Quote:
Originally Posted by dinfire View Post
I bought a 2009 370Z brand new four years ago, and I just realized that my insurance rate has NEVER dropped the entire time. My last new car, by year three, the rate was 40 percent less than when I bought it. I have only put 19K miles on this car in four years. I currently use State Farm. Has anyone else experienced this with their 370Z? Should I call State Farm and ask for a better rate or go to another insurance company?
Tell your agent/agent staff that you want to participate in the Drive Safe & Save Program. It means you need to report your odometer reading twice a year before your next policy renewal. The less you drive the more you save. You can also save by increasing your Comprehensive & Collision Deductibles.

Quote:
Originally Posted by dinfire View Post
I live in LA and pay $120 per month for full coverage. The car is in a garage both at home and at work. It rarely, if ever, even sits on the street where it can be touched. Stands to reason that as the value of the car plummets (can't believe how much its value has faded despite only 19K miles) the insurance should come down. After all, if it's totaled, State Farm will have to pay A LOT less. But from the sounds of it, everyone is dealing with the same thing, so I guess I just have to deal with it.
Los Angeles has one of the highest insurance premium in California. Your premium is based on where your car is parked every night. If you have another car (a beater or DD) tell your agent to rate you on that car. That will make your 370Z as an extra car (much lower premium). When your car gets totaled (and assuming your were the at-fault party), State Farm will be paying for your car and for the other party as well. Not to mention if there is bodily injury claim or lawsuit.
BeemaaZ is offline   Reply With Quote
Old 03-27-2013, 03:37 PM   #23 (permalink)
Banned
 
Join Date: Aug 2012
Location: orange county,ca
Posts: 652
Drives: leased base z...
Rep Power: 0
JungleZ is on a distinguished road
Default

I pay like 70 a month with mercury ftw
JungleZ is offline   Reply With Quote
Old 03-27-2013, 06:24 PM   #24 (permalink)
Track Member
 
scottIN's Avatar
 
Join Date: Aug 2011
Location: New Castle, Indiana
Posts: 764
Drives: '12 370Z
Rep Power: 55
scottIN has a reputation beyond reputescottIN has a reputation beyond reputescottIN has a reputation beyond reputescottIN has a reputation beyond reputescottIN has a reputation beyond reputescottIN has a reputation beyond reputescottIN has a reputation beyond reputescottIN has a reputation beyond reputescottIN has a reputation beyond reputescottIN has a reputation beyond reputescottIN has a reputation beyond repute
Default

Just on a general insurance thing:
One of my tenants is an insurance agent so I asked him ' How do all these companies show that someone saved $400 or $500 / yr. by switching to them? And is that legit?'

Three reasons:

1) a ticket or accident has 'fallen off' since you got coverage with your original company. The original company most likely won't tell you this and keep you at the higher rate.

2) you're older. If you got your original policy at 18 and are now looking at a new one at 25, those savings are entirely possible.

3) they're changing up your coverage. Certain deductible / coverage combinations have a lower rate associated with them. It may look very similar or at least close, but the insurance companies have it all figured out on how likely you are to file a claim or what their possible liability could be and can steer you into those categories.

He said most of the time it's due to lower liability. They say, 'Hey, you really don't need $300,000 per occurrence, let's drop that to $100,000.' And POOF! your rate drops significantly. But so does your coverage.
scottIN 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
Dropped the dime grant Intake/Exhaust 7 11-25-2012 12:15 PM
Dropped on H&R. PICS I Run L.A. Brakes & Suspension 120 12-12-2011 12:20 AM
Dropped on TEINs PapoZalsa Member's 370Z Gallery 15 09-20-2011 12:54 PM
Sticky for dropped Z's Red__Zed The370Z.com Feedback, Suggestions & Questions 0 08-03-2010 12:41 PM
Look what brown dropped off MB370Z Wheels & Tires 28 07-07-2010 02:56 AM


All times are GMT -5. The time now is 05:42 AM.


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