Insurance Rate Has Never Dropped

dinfire · 03-27-2013, 12:06 PM

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?

Red__Zed · 03-27-2013, 12:08 PM

you are lucky if your rate has stayed the same. most companies have been adjusting the rate upwards over the last couple of years.

You can always call and ask, but chances are good there's not much room for downward movement (unless you are already really overpaying)

Sales@F.I. Inc. · 03-27-2013, 12:10 PM

State farm here as well.. my rates started so low I cant possibly see them getting any better. under $70 a month paid for full coverage 100/300/100 here

scottIN · 03-27-2013, 12:11 PM

Most of what you're paying for insurance isn't about the value of the car - it's the liability. Look at the value of your car compared to the amount of liability coverage you have (both medical and property damage) and you'll see. It's probably a 20 to 1 ratio.

enkei2k · 03-27-2013, 12:16 PM

Strange, my rates went down and I have Geico. In 2012, my rate was a little over $1500 for 6 months. Now in 2013, it's a little less than $1100 for 6 months.

Sucks living in the most expensive part of NYC to insure a car.

dinfire · 03-27-2013, 12:16 PM

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.

NickTurnon · 03-27-2013, 12:26 PM

Dinfire, I have had the car for almost 2 years now. I was able to lower my payment by switching insurance companies. Went from $170 a month with progressive to $130 with statefarm. I think if your rate is staying the same then you are okay.

Just be glad its not going up!

Cell · 03-27-2013, 12:28 PM

85/month here. When I first bought the Z, I was at about 106/month.

Cvzg77r · 03-27-2013, 12:29 PM

i have esurance and they are doing good my rate went up like $20 last time it renewed, state farm wanted to rape me without a courtesy reach around by quoting me $1200 a month yes you read it right a month.... im 22 years old no tickets clean record...

nmjaxx9 · 03-27-2013, 12:51 PM

my insurance is crazy, but thats also becasue of my driving record. oh well.

homeryansta · 03-27-2013, 12:57 PM

I have a clean record @ 26 and just got a policy with geico for 90/month. Everywhere else is 120+ with the highest with metlife(2000+ for 6 months).

MX52Z · 03-27-2013, 12:59 PM

If you're still paying the loan for your car, you're still paying to insure the loan full loan amount even if you only have one car payment left or your car has depreciated over time.

Cmike2780 · 03-27-2013, 01:04 PM

Quote:

Originally Posted by enkei2k

Strange, my rates went down and I have Geico. In 2012, my rate was a little over $1500 for 6 months. Now in 2013, it's a little less than $1100 for 6 months.

Sucks living in the most expensive part of NYC to insure a car.

I was paying that amount with Allstate before switching to Geico. Now I pay about $780/6 months. Same coverage.

hadokenuh · 03-27-2013, 01:09 PM

I think the best way to lower your insurance is to switch to a different company, even to your previous company. Try to get some quotes and see if they are cheaper.

I usually only stay with an insurance company for about 1-2 years.

122554 · 03-27-2013, 01:36 PM

State Farm was going nowhere but up, even with a clean record and no accidents or claims. Switched to Nationwide and it dropped 50%. Now at $72 a month.

03-27-2013, 12:06 PM	#1 (permalink)
dinfire Base Member Join Date: Sep 2009 Location: Los Angeles Posts: 28 Drives: 370Z Touring/Sport Rep Power: 16	Insurance Rate Has Never Dropped 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?

03-27-2013, 12:08 PM	#2 (permalink)
Red__Zed A True Z Fanatic Join Date: Jul 2010 Location: window seat Posts: 28,940 Drives: Mostly on two wheels Rep Power: 120	you are lucky if your rate has stayed the same. most companies have been adjusting the rate upwards over the last couple of years. You can always call and ask, but chances are good there's not much room for downward movement (unless you are already really overpaying) UNKNOWN_370 likes this.

03-27-2013, 12:10 PM	#3 (permalink)
Sales@F.I. Inc. The370Z.com Sponsor Join Date: Feb 2013 Location: Simi Valley, Ca. Posts: 426 Drives: 2008 G37S Coupe Rep Power: 9218	State farm here as well.. my rates started so low I cant possibly see them getting any better. under $70 a month paid for full coverage 100/300/100 here __________________ *Follow us on Facebook: Fast Intentions Inc. / Instagram: @FastIntentions* Phone: (805) 522-FAST (3278) Email: kevin@fastintentions.com www.fastintentions.com "FUELED BY PASSION"

03-27-2013, 12:16 PM	#5 (permalink)
enkei2k A True Z Fanatic Join Date: Apr 2011 Location: NYC Posts: 6,365 Drives: '12 G41 B/S M6 Rep Power: 3716	Strange, my rates went down and I have Geico. In 2012, my rate was a little over $1500 for 6 months. Now in 2013, it's a little less than $1100 for 6 months. Sucks living in the most expensive part of NYC to insure a car. __________________ ...need boost...

03-27-2013, 12:26 PM	#7 (permalink)
NickTurnon A True Z Fanatic Join Date: Jul 2011 Location: Scottsdale Age: 33 Posts: 1,636 Drives: 09 BS 7AT 370z Rep Power: 18	Dinfire, I have had the car for almost 2 years now. I was able to lower my payment by switching insurance companies. Went from $170 a month with progressive to $130 with statefarm. I think if your rate is staying the same then you are okay. Just be glad its not going up! __________________ 2009 Brilliant Silver BASE 7AT \| TEIN S-Tech Springs \| K&N Drop Ins & z1 Maf Tubes \| AAM S-Line Short Tails \| 5% Tint \| 20MM Spacers \| Sport Spoiler NickTurnon's 370z Build

03-27-2013, 12:11 PM	#4 (permalink)
scottIN Track Member Join Date: Aug 2011 Location: New Castle, Indiana Posts: 764 Drives: '12 370Z Rep Power: 55	Most of what you're paying for insurance isn't about the value of the car - it's the liability. Look at the value of your car compared to the amount of liability coverage you have (both medical and property damage) and you'll see. It's probably a 20 to 1 ratio.

03-27-2013, 12:16 PM	#6 (permalink)
dinfire Base Member Join Date: Sep 2009 Location: Los Angeles Posts: 28 Drives: 370Z Touring/Sport Rep Power: 16	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.

03-27-2013, 12:28 PM	#8 (permalink)
Cell A True Z Fanatic Join Date: Jan 2010 Location: Chicago Posts: 1,449 Drives: A Garbage Truck Rep Power: 21	85/month here. When I first bought the Z, I was at about 106/month.

03-27-2013, 12:29 PM	#9 (permalink)
Cvzg77r Base Member Join Date: May 2012 Location: Rockwall, TX Posts: 117 Drives: 12 NiSSAN 370Z nismo Rep Power: 13	i have esurance and they are doing good my rate went up like $20 last time it renewed, state farm wanted to rape me without a courtesy reach around by quoting me $1200 a month yes you read it right a month.... im 22 years old no tickets clean record...

03-27-2013, 12:51 PM	#10 (permalink)
nmjaxx9 A True Z Fanatic Join Date: Jul 2011 Location: Middletown, Ct Posts: 5,853 Drives: 2011 Nissan 370z Rep Power: 26	my insurance is crazy, but thats also becasue of my driving record. oh well.

03-27-2013, 12:57 PM	#11 (permalink)
homeryansta Enthusiast Member Join Date: Apr 2011 Location: Brooklyn Park, MN Posts: 424 Drives: 04 se-r spec v, 370z Rep Power: 14	I have a clean record @ 26 and just got a policy with geico for 90/month. Everywhere else is 120+ with the highest with metlife(2000+ for 6 months). __________________

03-27-2013, 12:59 PM	#12 (permalink)
MX52Z Enthusiast Member Join Date: Dec 2012 Location: Port Charlotte, FL Posts: 471 Drives: Z'less por ahora Rep Power: 13	If you're still paying the loan for your car, you're still paying to insure the loan full loan amount even if you only have one car payment left or your car has depreciated over time.

03-27-2013, 01:09 PM	#14 (permalink)
hadokenuh Base Member Join Date: Mar 2012 Location: Houston Posts: 186 Drives: 09 370Z 6MT Rep Power: 13	I think the best way to lower your insurance is to switch to a different company, even to your previous company. Try to get some quotes and see if they are cheaper. I usually only stay with an insurance company for about 1-2 years.

03-27-2013, 01:36 PM	#15 (permalink)
122554 Track Member Join Date: Jan 2013 Location: My own world Posts: 506 Drives: 2010 Nismo Rep Power: 13	State Farm was going nowhere but up, even with a clean record and no accidents or claims. Switched to Nationwide and it dropped 50%. Now at $72 a month. __________________ I don't normally drink beer, but when I do....i drink a lot!

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