How Much Do You Pay For Insurance? - NoPistons -Mazda Rx7 & Rx8 Rotary Forum

2nd Generation Specific 1986-1992 Discussion

How Much Do You Pay For Insurance?

Reply

 
 
 
Old 03-24-2004, 07:51 PM
  #1  
Member
Thread Starter
 
Join Date: Feb 2004
Location: Richmond/Manassas, VA
Posts: 41
Default

Christ...I've been trying to find out what my insurance would be like if I got an '88 RX-7 Turbo II in July. This is outrageous

My stats:



18 years old

2 years driving

No tickets

No accidents



Both Geico, Nationwide (what we have), and AllState quoted me ranging from $1600-$2000 every 6 months. Gave me about the same range for if I was the primary driver on my parents insurance. Even a non-turbo'd version wasn't that much cheaper. $4000 a year...that's about the price of the goddamn car! If I get the car, I won't be driving it every day, because I really don't want to have a car in the city unless I have a job that's too far to bike to (I'd keep it at my house in Manassas). Currently, insurance for my Accord is roughly $400 every 6 months. God, I guess insurance agencies hate the words "Male," "Coupe," and "Turbo"...
FC3SJunkie is offline  
Reply With Quote
Old 03-24-2004, 07:53 PM
  #2  
Super Moderator
 
mazdaspeed7's Avatar
 
Join Date: Sep 2002
Location: Savannah, Ga
Posts: 2,763
Default

You suck. Im paying $460 every 6 months for liability on my 90 GTU.
mazdaspeed7 is offline  
Reply With Quote
Old 03-24-2004, 08:07 PM
  #3  
Member
Thread Starter
 
Join Date: Feb 2004
Location: Richmond/Manassas, VA
Posts: 41
Default

I don't see why this is MY fault...i've got a clean record...Oh, and the insurance rate on an NA wasn't that much different
FC3SJunkie is offline  
Reply With Quote
Old 03-24-2004, 08:24 PM
  #4  
Super Moderator
 
mazdaspeed7's Avatar
 
Join Date: Sep 2002
Location: Savannah, Ga
Posts: 2,763
Default

Originally Posted by FC3SJunkie' date='Mar 24 2004, 09:07 PM
I don't see why this is MY fault...i've got a clean record...Oh, and the insurance rate on an NA wasn't that much different
Lol, dont take that first part seriously. I dont really know why its so high. Is it full coverage? Considering the price of the car, and how much youll pay in premiums for full coverage, laibility only is the way to go. If nothing else, put the money that would have gone towards full coverage into the bank, and save it up for when something goes wrong.



Have you shopped around?
mazdaspeed7 is offline  
Reply With Quote
Old 03-24-2004, 08:26 PM
  #5  
Member
Thread Starter
 
Join Date: Feb 2004
Location: Richmond/Manassas, VA
Posts: 41
Default

Could you explain the difference between full coverage and liability (I don't know **** about insurance). As far as shopping around, the only people I looked at were Geico, Nationwide, and All-State. I've been told by others to look around for smaller insurance companies, b/c they'll probably have a better rate.
FC3SJunkie is offline  
Reply With Quote
Old 03-24-2004, 08:50 PM
  #6  
Senior Member
 
Join Date: Mar 2004
Location: Bahama(Durham), NC
Posts: 218
Default

liability covers only damage you do to others property. full coverage takes care of damage you do to yours or that something else does to your car. its sometimes not even worth payin for it cause most likely, if your car gets a lil dent in it, its prolly gonna be totalled with age in consideration.
NCTII87 is offline  
Reply With Quote
Old 03-24-2004, 08:54 PM
  #7  
Super Moderator
 
Join Date: Feb 2002
Location: Amityville, New York
Posts: 12,287
Default

liablilty would be the same, just dont get full coverage thats

all, as long as someone else hits your car it will be fixed

anyhow.



you DO NOT need full coverage when someone else hits your car
Rob x-7 is offline  
Reply With Quote
Old 03-24-2004, 08:55 PM
  #8  
Senior Member
 
Join Date: Oct 2001
Location: Peoria, AZ
Posts: 10,906
Default

$90 a month for liablity for a so called 146 hp n/a
1Revvin7 is offline  
Reply With Quote
Old 03-24-2004, 08:58 PM
  #9  
Senior Member
 
Join Date: Oct 2003
Location: Canada
Posts: 3,502
Default

Your first mistake is you admit you don't know **** about insurance. You need to get an estimate when you know what you are talking about. Those rates are ridiculous with a clean record (but it IS a TII).



Full coverage is they will pay to fix your car if you crash it after paying a deductable. It's covered for fire, theft, and accident even if it's your own fault, they will fix it or reimburse you. Liability is what you need to roll down the road. Just basic insurance to drive the car.



I pay $4K annually for my GXL, But I have a few blotches on my driving record, and according to the Canadian insurance company, I get a big fat rate hike for being a single male, 19 or 20 years of age (legal drinking age up here).



And I think my rates are absolutely retarded.



When you get another quote, make sure you shop around, and tell them you want basic insurance to roll down the road with, no special coverages.
ColinRX7 is offline  
Reply With Quote
Old 03-24-2004, 08:58 PM
  #10  
Super Moderator
 
Join Date: Feb 2002
Location: Amityville, New York
Posts: 12,287
Default

by the way, I pay something like $620 a year with my other cars

thats what its listed on the policy as,

but the funny thing is, if I drop the car from my insurance

it only goes down like $120, I get the multiple car discounts.
Rob x-7 is offline  
Reply With Quote

Thread Tools
Search this Thread
Quick Reply: How Much Do You Pay For Insurance?


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.