Driv300mph

Hey, I recently checked with my insurance company (Progressive), and they quoted me at $830 for every 6mo. --- this is with the Good grade discount, and also the driver's ed discount. My 2002 Mustang was $850 every 6mo, so why would a car that is half the value of my mustang be only $20 less than it? That's just like paying 1/6th of the car every 6mo.!!! Anyone else think that this is ridiculous?

Rxmfn7

iTrader: (4)

Does the FC have ABS, airbags, etc..?? The safety equipment of the car comes into play with insurance companies. Also, the cars seating capacity (2 in the FC vs 4 in the mustang) puts it more into the sportscar category. They also rate a car sometimes on crash ratings, and cars that are prone to theft, etc...

Icemark

maybe its because your under 20???

More FC's are wrecked, blown up, damaged, and abused by drivers under 20 than any other age group.

Insurance companies charge based on what it costs them to insure someone and how much they have to payout.

*edit
BTW I wouldn't tell them your on-line name here, as that would not instill a good driver persona on their image of you
**end edit

Rxmfn7

iTrader: (4)

Somehow I triple posted..

Rxmfn7

iTrader: (4)

Driv300mph

Yeah I agree with you guys, but it still seems like it should be around $750 or so... My insurance discounts like $15 for straight A's, which is BS! And like another $30 for Driver's Ed.... they discount crappily... yes, I said crappily, and I don't have a problem with it, do you?!?!

Rxmfn7

iTrader: (4)

Also, if at all possable, but the car in a parents name. I put my FC in my mom's name, and I pay about $20/month for it Ive never had an accident, or tickets(knock on wood), and I took some drivers ED class when I was still in high-school, which lowered it also.

BonsaiRX7

thats a good quote man, I got mine, good grades, no accdients, no tickets. $1200 every 6 months, so quit complaining. THats also with NO collision on my car.

Driv300mph

Dude, you have a Turbo II! No wonder it's 1200.

Rxmfn7

iTrader: (4)

Actually most insurance companies do not differentiate between the turbo2 and N/A. Im sure some do, but most dont...

ilike2eatricers

many factors go into what you pay for insurance. My mom actually works for an insurance company and printed out the symbol page for Mazda cars. IIRC the scale goes from a standard 1-27 (highest) and then additional variables are added on the symbol that is assigned to the car. For example the fc NA was a 16 or 17 on the scale and the t2 was only one above it. Also on some cars there is a letter assigned after the symbol such as 18H (the H meaning high risk) which is what I remember seeing on the t2.

j200pruf

iTrader: (4)

I started insuring my RX7 when I was 19 and I only pay $74 a month, but that is only liability.

BonsaiRX7

I have an 88 GTU, insurance is just insane for TEENS in FL (Plus theres only 2 drivers in the house)

RylAssassin

I recently asked my insurance company how much i pay and what coverage i have and i found out that it costs me 1800 a year for my FC with FULL coverage. Its kinda expensive and ive been driving for 5 years. The main things from what my insurance told me is that A. the car has no air bags, and B. the car is expensive to insure. Like the person above said it carries a high symbol which means that its generally a more expensive car to fix which raises the price also. Keep in mind though that insurance rates vary from state to state, and mostly your age will determain how much you pay.

Project84

I pay $111 a month and that includes full coverage on my 94 Explorer, my wifes 96 Escort, and liability on my 86 GXL. The insurance company (Geico) asked if it was turbo or not. I'm 24 and I'm stationed in South Dakota with no recent tickets.

ilike2eatricers

I dont understand why they would ask if your car is turbo or not. With the VIN they can determine all the options and features on your particular car.

eljefe62

t also depends on where you live, ie if in the boonies, cheaper than in city
i "technically" live outside houston, so pay about $40, but if I gave them my real address, it'd probably be around $60

eljefe62

also, if you have OVER 200hp on stock car, it will be more money, which is why a lot of cars only have "200", (V6 camaro, Tii, etc...)

Driv300mph

I see I see... Edmond, Oklahoma here--- and $830 every 6mo. for FULL coverage with a $500 deductible -- so compared to everyone else's price, I guess mine isn't bad at all...

Icemark

well, I only pay $460 a year for full coverage, on my 'vert with a full replacement rider including all the mods (since it has a 13BT and driveline in it).

I could probably bring that down if I put one of the other cars on the policy.

But that is also because I am 40, and don't have any points on my current record.