Buying a z. Sky high insurance???

Thechidz

Hi.

I am about to purchase an 09 monterey blue z, auto with nav. Dealer is paying off my murano and i am getting a fair price on the z so i'm nearly in business. I hav owned an older slk in the past and that car wasnt bad as far as insurance cost went (much less expensive sports car) so i was a little shocked to find my insurance quote go up well over $100 per month coming from an 07 murano to the z???

Not sure what to make of this. I have a speeding ticket from over a year ago but nothing major other than a fendr bender.

Red__Zed

lots of expensive shiz to replace on the Z...take a look at headlight cost.

Then look at the demographic and the number of cars totaled. It's a brutal car to insure.

My insurance got cut in half moving to a car with nearly 100 hp more

GaleForce

My insurance is dirt cheap! Only $200/yr more than my POS 2005 Pontiac G6 GT. I was shocked at how reasonable the price was when I called for the quote.

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Daves350z

So how much is expensive? My 11 touring roadster is just under 100.00/month for insurance.....

Red__Zed

It's all relative. I paid ~200 a month near DC for the z and wrx, about an even split. Had good coverages (300k/300k/100k+ 1m umbrella), $250 deductibles , but my wife has quite the record of tickets

Moving the Z to Alabama forced me to separate them, pay $105 a month with geico on the z. With anyone else, it was $200+ per month.


There have been three risk-based rate adjustments since last november, and another planned for q4. It will be interesting to see if the risk rates stabilize.

red6spd

23 years old when I insured the Z. One speeding ticket no accidents and I was paying about 180/month. I have now switched to Geico and pay $212/month for full coverage on my Z and a brand new leased Versa. So the Z is not expensive to insure no matter how many are wrecked and how expensive they cost to fix... Oh and if you did not notice I live in NY

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Zemurray

$57 a month, State Farm, full coverage, $500 deductible.

m4a1mustang

When I first bought my Z in 2009 I paid $95/mo for full coverage, $1m policy. Then they started wrecking them and I kept getting vehicle risk adjustments all the way up to $130/mo.

With the 5.0 I'm back below $100/mo for the same policy. So yes, the Z is going to be a little more expensive to insure.

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Thechidz

financing the car geico quoted me at over 1900??? must be some kind of mistake will call and find out for sure tomorrow

Red__Zed

if my wife went through geico without me on the policy, the Z would be $3500 a year to insure

There's something about you that looks high risk to them, at least that is what it sounds like.

gr8-wrx

My '10 ZR was about $60 less per year than my '03 WRX.

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chuckd05

my 08 135i that I have now was $700 less to insure for the year.... I couldnt believe that.. One is a 2 door sports car one is a coupe... I guess thats why but it was a significant drop...

I have allstate, have homeowners with them as well..

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09 370Z 6M PW - FBO Best 1/4 mile = 12.926 @ 109 SOLD -- 08 BMW 135i - FBO 12.1@120mph SOLD -- white 09 e92 335 Coupe Mtech - 11.9 @ 119 :-)

UNKNOWN_370

I'm paying $150 a month after an accident. My Z had been totalled in may. I was paying $120 a month. I renew in 2 months. Let's see what happens then?

Thechidz

I'm way over everyone on here. $300/month hy state and thats after raising my collision deductible to 1000. I will be finding a new insurance company tomorrow

RunNgun

If you have a spotless driving record with some decent history (i.e. you're not 21 years old) then you should be able to insure a Z for under $100/month. If you feel confident you wont be involved in any accidents then just strip your plan to the bone. Insurance companies love to tack on things like road side assistance, rental car coverage, etc etc, things you may already have with the dealer or AAA. They also always put you at $500 deductible when you could push it to $1000. Then theres the bodily/property damage values which they tend to put at the absolute maximum of 100k/300k. You can usually request as low as 25k. Finally there are things like UNDERinsured motorist coverage. Do not confuse this with UNinsured coverage which is required. Underinsured just means your insurance company will help pay for any damages that their insurance company doesnt, but good luck getting them to actually do it.

I had really stressed to my last insurance rep that I wanted a 100% barebones plan, the absolute minimum legally required for me to drive this car. They lied and left a lot of those things in there. What you need to do is ask them 1 by 1, what exactly you are paying for, and then before they go to the next item, ask them "WHAT IS THE MINIMUM I CAN PAY FOR THAT OPTION, AND IS IT EVEN REQUIRED????". The items I listed above are probably all you need to concern yourself with, but you never know what other garbage they might tack on there. My bill instantly dropped $45/month after making those adjustments.