Darn you, insurance company!

[Bdubs]

I just have to vent. A little let down right about now.
I found one hell of steal on an 02 WRX. 7k for a car that has just about 94k miles on it. One owner, the guy couldn't afford to keep it, still owed on it, and just wanted to get it off his back. I was set, ready to put the deposit down on the car, and then it hit me. I wonder what insurance would be for this car...couldn't be much, right? I mean, an 02 with all those miles on it.
So, I decided to wait for the quote to come back from Geico. I opened it up, and WHOA! My 6 month premium would DOUBLE if I were to put this car on my plan with the two Legs.
I couldn't believe it, but I guess that turbo really makes a difference. I really couldn't afford 1700/6 months for 3 cars, thats insane. Nevermind that, the property tax here in CT is incredible, I would deffinitely not keep all 3 cars...oh well, just wasn't meant to be I guess! :-?

[Superu264]

1700/6 months for 3 cars, thats insane.

That's insane? I need to move to Connecticut :roll:

[HotBoxer]

Swap the drivetrain into one of the leggys. Then they wont know you have a turbo.

[Huffer]

Swap the drivetrain into one of the leggys. Then they wont know you have a turbo.\

In other words, fraud.

[pdawg]

Swap the drivetrain into one of the leggys. Then they wont know you have a turbo.\

In other words, fraud.

Exactly, Or find and older impreza that has already been swapped.

I ran into the same problem about 3 years ago. Found a WRX I wanted, Called my insurance agent, my wife, My agent said HELL NO YOU CAN"T HAVE ONE OF THOSE!!!! My insurance would have also doubled and I'm a 40 something, married with a clean record.

Too many road racers and youngsters drive wrx's. the insurance companies hate them.

[SilentRacer]

It would be cheaper for you to swap a wrx engine into your legacy.....and avoid all the insurance problems.

[d1giPhux]

Damn, i'll take it.. gotta love no need for insurance in NH! One good thing about this state. haha. :lol:

[backpack09]

WRX ins. was a lot cheaper when they first came on the market... The insurance dealers had nothing to base the rates on, so they went with the RS's rates.

Now that they have been around 8 years, have been stolen, crashed beaten and abused by the young crowd, the rates are through the roof.

The EVO is even worse.

[backpack09]

Damn, i'll take it.. gotta love no need for insurance in NH! One good thing about this state. haha. :lol:

And this why I hate driving through your stupid state. Some hillbilly jackass or stupid teen can hit me and I end up footing the bill. There is no insentive to drive responsibility, as there are no surcharges to get nailed with.

[GrassyKnoll]

Damn, i'll take it.. gotta love no need for insurance in NH! One good thing about this state. haha. :lol:

And this why I hate driving through your stupid state. Some hillbilly jackass or stupid teen can hit me and I end up footing the bill. There is no insentive to drive responsibility, as there are no surcharges to get nailed with.

Funny statement coming from someone from Massachusetts. NH drivers beat MA drivers ANY DAY! While one would think your reasoning is correct, I rarely encounter poor drivers in NH. Getting into an accident in Massachusetts is a fkin crapshoot.

1700 for 3 cars seems like a damn good rate to me. I'm paying close to 2500 for one car...

[d1giPhux]

^ I second the above statement.. please.. put down the crack pipe.. masshole. :lol:

Live free or die!

[pdawg]

Hold the phone, are you saying that you don't have insurance in NH.
How do you pay if the accident is your fault?

[d1giPhux]

Here is some good info (scroll to the bottom):

http://www.car-accidents.com/new_hampsh ... idents.htm (http://www.car-accidents.com/new_hampshire_car_accidents.htm)

Basically you can negotiate with the person you hit at the time of the accident, or get sued and go to court.

[GrassyKnoll]

Here is some good info (scroll to the bottom):

http://www.car-accidents.com/new_hampsh ... idents.htm (http://www.car-accidents.com/new_hampshire_car_accidents.htm)

Basically you can negotiate with the person you hit at the time of the accident, or get sued and go to court.

I personally still think it makes sense to have insurance.

Also in NH there is an option for "Uninsured Motor Vehicle Coverage"

It's pretty cheap and covers you in case the other person doesnt have coverage.

[backpack09]

Yes, but in Mass. If I hit someone. My insurance pays to repair their vehicle and I get a surcharge on my insurance for the next 5 years. w/o requiring ins. poor driving is not punished. I never said we were better drivers.

But we are... learn to drive with the population density like it is around here and you have to learn to be a better driver. No cattle to avoid like you hillbillies up north :lol:

[Kraziken]

There's a lot of misconceptions about how insurance quotes are determined. Four doors, turbo, non turbo, color.

The truth is, part of the cost, is how expensive are parts to replace, and threat assessment of the average type of driver and history of a class of vehicle.

My 93 RX-7, very cheap to insure. It's a twin turbo, two seat sports car. The fact is, there aren't that many of them. A lot of them are garage queens. There's not a lot of accident data on these cars.

I priced out a quote of several sports cars. S2k, RX-8, 2006 Mustang GT, e46 M3, 2006 STI, just for fun.

Guess which car was the most expensive to insure. The Mustang GT. How is it that a 30k car is more expensive to ensure than a M3, which costs almost twice as much? It's a threat assessment of those drivers with speeding tickets, accidents, etc.

I don't agree with the practice, but some insurance companies also seem to be using your credit score to rank you as a threat. There is a trend. If you have good credit, it usually means you are a responsible driver.

[ooberdoob]

top 5 most expensive cars to insure. (not in order)

WRX
SRT4
EVO
RSX-S
350Z

that's why i didn't buy the white bugeye a couple years ago.

[Huffer]

I don't agree with the practice, but some insurance companies also seem to be using your credit score to rank you as a threat. There is a trend. If you have good credit, it usually means you are a responsible driver.

That's a bogus way of determining insurance.
The very very rich have terrible credit ratings, because they simply pay cash or write a check for things. They have no need for credit cards, because they have liquid wealth.

Likewise, the very very poor can be excellent drivers, but because they have bad credit, they get reamed further by a system that cannot deal with anything outside 80% of the population.

Similarly, people like myself who have decided to avoid all credit cards (man it feels great to have both front calipers replace for $660 without dealing with a potential interest rate) become disadvantaged by this system.

[Wiscon_Mark]

Actually, I don't think it's as simple as having a good credit score. Consumer reports did a big article that was rather complicated, trying to explain the weird ways they factor in things like credit score into your insurance. You can have a great score and get screwed on insurance, but their explanation as to why was lost on me.

[Kraziken]

Actually, I don't think it's as simple as having a good credit score. Consumer reports did a big article that was rather complicated, trying to explain the weird ways they factor in things like credit score into your insurance. You can have a great score and get screwed on insurance, but their explanation as to why was lost on me.

I would be interested in that article.

I saw a news clip about a company that was factoring your credit score into the hiring process. It would seem like an invasion of privacy or something. I don't like it one bit. There doesn't seem to be any rule, or law to prevent companies for using this data for purposes other than the original intent.

I just read yesterday, about this company, that you can sign up to raise your credit rating.

If you have bad credit, you enlist the help of someone that has good credit. That person with good credit, opens a credit account, with you as a co-owner, but doesn't give you the account information.

Your credit report won't show the relationship between you and the person that originally creatted the account, but you reap the benefits. The person that opened the account receives a cash kick back for his troubles.

[backpack09]

Credit rating cannot be used to set rates in mass. The state sets the rates, so all insurers are the same.

[Kraziken]

Credit rating cannot be used to set rates in mass. The state sets the rates, so all insurers are the same.

I assume they passed a law to prevent that? We need a federal law. I'm sure the insurance company lobbyists would fight that.

[Perdue]

One of my supervisors also sells insurance for Erie, and he said that your credit score is one big factor in your insurance rates, as well as the obvious ones like the car statistics, driver's record/age, and so on. I believe him because as my credit's gotten better and more established, my insurance premium has dropped from $305/month to $89/month...that's been over less that a year.

[Perdue]

Actually, I don't think it's as simple as having a good credit score. Consumer reports did a big article that was rather complicated, trying to explain the weird ways they factor in things like credit score into your insurance. You can have a great score and get screwed on insurance, but their explanation as to why was lost on me.

I would be interested in that article.

I saw a news clip about a company that was factoring your credit score into the hiring process. It would seem like an invasion of privacy or something. I don't like it one bit. There doesn't seem to be any rule, or law to prevent companies for using this data for purposes other than the original intent.

I just read yesterday, about this company, that you can sign up to raise your credit rating.

If you have bad credit, you enlist the help of someone that has good credit. That person with good credit, opens a credit account, with you as a co-owner, but doesn't give you the account information.

Your credit report won't show the relationship between you and the person that originally creatted the account, but you reap the benefits. The person that opened the account receives a cash kick back for his troubles.

And that seems pretty fraudulent to me.

[Bdubs]

My credit is flawless, but age may be the factor. PLUS my history a few years ago would tell you that I had a rear ender, which is means to jack the hell out of your rates, even on the first offense.
I am considering 1700/6 months insane because i paid this when I was 18-21, there's no way I should be paying that rate at 23. Especially because my rates go down on avg. about $300 each renewal. Haven't had any incidents since then.
I laugh, because I've owned a 2 door sports car for my daily driver, up until my 07 Leg. and it was never that high.

[Kraziken]

My credit is flawless, but age may be the factor. PLUS my history a few years ago would tell you that I had a rear ender, which is means to jack the hell out of your rates, even on the first offense.
I am considering 1700/6 months insane because i paid this when I was 18-21, there's no way I should be paying that rate at 23. Especially because my rates go down on avg. about $300 each renewal. Haven't had any incidents since then.
I laugh, because I've owned a 2 door sports car for my daily driver, up until my 07 Leg. and it was never that high.

Age is definately a factor. If you are 23 now, your rates will drop dramatically when you reach 25.