What's the insurance on a supercar these days?
dont forget to post where you live, your ss#, date of birth, billing information and all relevant PIN #'s go back to honda forums
Have I missed something? Why do you always say Gary Green? I'm confused....please enlighten me PS: This is my 200th post. YaY! Movin' on up
sorry... wasn't trying to offend anyone... it was a serious question. I wasn't aware insurance costs were such a private issue ? If anything, it might help someone if they are paying too much!
People post pictures of their cars on here with visible tags and you think telling how much you pay for insurance is a big deal? hahahaha
I think they're bashing you because there are a multitude of factors that can affect one's insurance rates. There isn't a definite answer when it comes to how much it costs to insure a car, or anything else for that matter. Don't get me wrong, it would be interesting to see what everyone's rates are these days, but it doesn't seem like the people around here are going to take time out of their schedule to tell you.
Its an o.k. question, but you have only 9 posts and no info about youself in your bio. So people are not going to take you serious.
So if someone with 10,000 posts asked it you would answer? It's not like people with low post counts, or even people that arn't part of this forum can't see these threads. Boots, I guess its not exactly right to ask someone about their insurance costs or whatever. Imagine your wearing a nice watch, and I ask you how much you got it for. Its not very nice. Im not 100% sure this is the reason they don't want to answer your question but it might be...
It's kinda like when a new neighbor moves in next door. Personal information can be talked about when you have lived next to them for 8-12 months and a good rapport has been established. Thats all!
It might be entertaining to see who pays the most in car insurance. But you won't be comparing apples to apples. Zach is absolutely right. There are many, many variables in the equation when underwriters at insurance companies calculate premiums. To keep myself out of trouble, I better make a disclaimer - I am only licensed to do insurance business in the state of Texas, and as you probably know, TX does EVERYTHING a little differently than most other states. But if you have a general question, I may be able to answer it on the thread. If you have a specific question, it's probably best to PM me. I'll do my best to answer your question, or I can tell you how to find the answer. I will try to list here, for those interested, and for entertainment purposes only, everything I can think of that factors into calculating what people pay for insurance premiums. I'm not an underwriter (someone at an insurance co. who evaluates risks and determines premium), but I sell property and casualty insurance, so I know what makes underwriters tick. You also have to consider that some companies offer discounts if you also insure your home or have life insurance with the same company, most companies offer big discounts on policies covering more than one vehicle, and some states allow the use of discounts and surcharges based on a consumer's credit. Anti-theft devices installed and passing an approved defensive driving course will often qualify you for discounts too. _________________________________________________ Variables which have the highest impact are listed at the top: -State of Residence (Every state has different insurance law/code) -Age -Sex -How the vehicle will be driven(commute to work, non-commuting family vehicle, farm use, "parade" use, etc) -Number of recent major violations (DWI, for example) -number of recent minor violations (Running red lights, Speeding) -Number of recent comprehensive (other than collision) claims -Number of recent "at-fault" collisions -Number of recent "questionable-fault" collisions -Number of recent "fault-free" collisions -Where you live and work (population density, accident rates, weather variables, auto-related crime rates, etc) -The age of the car (depreciation, parts availability factor in) -The make, model, and type of car (sedan, SUV, pickup, sportscar, etc) -(Gross Vehicle Weight/Mfg'r Horsepower rating) ratio -Permanently installed Anti-theft devices -Defensive Driving courses recently completed -The insurance company's desired companywide "loss ratio" (basically, premium recieved minus administrative costs divided by claims paid) I am sure I am missing some, but it's getting late, and I have to catch up with paperwork tomorrow while the office is closed for thanksgiving. If I think of more, I'll add to them.
I can understand that. I personally don't consider insurance premiums private. If anything they should be public info. Keeping the info private just allows insurance companies more leverage to rip people off more then they already do. If nobody discusses their rates, nobody will know if they are getting ripped off! I do understand there are many, many factors that go into insurance premium calculation. Like I said, it was just a question. If people think it's too private to discuss, they can simply hit the back button instead of posting some smart ass comment you'd expect to read on a "honda forum".
Hey Boots, I'll help. 1999 355 F1 Spider In Alabama 300k/500k coverage 500$ Deduct. No Tickets State Farm 1182 per yr. (70$ higher than the Hummer)
Boy, did I miss a huge set of variables in my first post. Thanks 355flyer. -Comprehensive deductibles -Collision deductibles -Uninsured/Underinsured motorist protection (if available) -Personal Injury Protection/Medical Pmts (if available) -Bodily Injury and Property damage (limits of liability) I'm trying to point out with these posts that, if you were to get every single Fchatter to list their situation in its entirety, and you tried to compile all that data and analyze it, you still won't have an accurate answer to the question, "What does it cost to insure a supercar these days?" I wish it were simpler, but it just isn't.
Boots, I can understand the concern about "getting ripped off." As I mentioned before, each state is different, but I think most if not all have a state Department of Insurance which monitors companies, ensures that the people representing insurance companies as agents, brokers, and adjusters are properly licensed, and handles consumer's complaints. All complaints are logged and investigated by the state's dept of insurance. Also, insurance companies are competing in an open market, and there is plenty of competition. So it isn't in their best interests to keep rates artificially high, because there are plenty of competing companies who will step in and take the business.
2000 Maranello Austin, Texas 250K/500K/100K coverage $1,000 deduct. collision/$500 deduct. other than collision 250K/500K/100K uninsured motorist coverage No tix in 3++ years Chubb $2,250 annually
I pay about 1G a year for the F car, a few hundred for the Miata, & like $50 for the 240Z & RX7s. ALLSTATE. http://members.cardomain.com/snapshot1.
Not really, all one has to do is call up multiple companies and get multiple quotes. This has the added advantage that the data will be more meaningful because it will apply to your specific situation. It's called a free market, but that doesn't mean that the consumer shouldn't have to put forth some effort!
These are American prices though... Boots79 I'm guessing your in Canada because you said you had a Civic SiR, which is Canadian market only.
