- 4,805
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Insurance is stopping me from getting an S2000. Any advice?
- Thread starter pimp racer
- 20 comments
- 2,709 views
- 1,446
- MustangXS
- MustangXS
$1000 a month? Where do you live? I'd kill for that kind of insurance.
How much do you think insurance for my new Lancer 2008 is? Keep in mind it's a $23,000 CAD car. Since the CAD = US, I can just talk in general dollars. I'm going to be 20 soon, have had a full license for over 2 years, never had any accidents or tickets. You know how much? Nearly $4000 a year.
How much do you think insurance for my new Lancer 2008 is? Keep in mind it's a $23,000 CAD car. Since the CAD = US, I can just talk in general dollars. I'm going to be 20 soon, have had a full license for over 2 years, never had any accidents or tickets. You know how much? Nearly $4000 a year.
- 7,666
Sounds like you have a few options.
(preferred): Put it on your dad's with you as a driver. This should lower your payments but I think he might have to pay some. Joey just went through this. He probably knows better.
(Not preferred): Don't insure it. You can't drive it, but it is free to have. And you will have the car for later. But then again, you can't drive it.
(bad idea): Grow up. Your insurance will go down as you get older. But then again, you won't have the car for a while and you probably won't find the deal again.
(preferred): Put it on your dad's with you as a driver. This should lower your payments but I think he might have to pay some. Joey just went through this. He probably knows better.
(Not preferred): Don't insure it. You can't drive it, but it is free to have. And you will have the car for later. But then again, you can't drive it.
(bad idea): Grow up. Your insurance will go down as you get older. But then again, you won't have the car for a while and you probably won't find the deal again.
- 4,805
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- 6,769
- Little Elm, TX
- JCE3000GT
1) You are in Florida
2) You are young
3) An S2000 is a sports car bought by young people almost exclusively--which in itself raises the rate
4) Does Florida take into consideration credit history like Texas does
My advice is to pass it up and get a more practical car. Practicality now while you're young and fun when you get older and more mature. Hell, I'm 28 and the insurance would be bad for me on an S2000 I'm sure of it. Its not so much you specifically but your age group AND the car. Its just the way it is.
2) You are young
3) An S2000 is a sports car bought by young people almost exclusively--which in itself raises the rate
4) Does Florida take into consideration credit history like Texas does
My advice is to pass it up and get a more practical car. Practicality now while you're young and fun when you get older and more mature. Hell, I'm 28 and the insurance would be bad for me on an S2000 I'm sure of it. Its not so much you specifically but your age group AND the car. Its just the way it is.
- 21,286
- GR-MI-USA
- YSSMAN
- YSSMAN
How much are you looking at?
I had an S2000 quoted for me last week being not much more than a $150 (I pay about $120 on my Jetta). Thats actually really cheap considering how fast of a car it is...
If it matters; I'm 21, spotless driving record, over five years of continuous coverage, and thats with a $500 deductible.
EDIT:
If you want an open-air roadster thats just as easy to drive, check out an MX-5 Miata. They're insanely reliable, incredibly cheap, and quite capable as well. In all honesty, it would probably be better to have a Miata before a S2000...
I had an S2000 quoted for me last week being not much more than a $150 (I pay about $120 on my Jetta). Thats actually really cheap considering how fast of a car it is...
If it matters; I'm 21, spotless driving record, over five years of continuous coverage, and thats with a $500 deductible.
EDIT:
If you want an open-air roadster thats just as easy to drive, check out an MX-5 Miata. They're insanely reliable, incredibly cheap, and quite capable as well. In all honesty, it would probably be better to have a Miata before a S2000...
- 1,640
- Tulsa, OK
- SixSpeedZ51
- BlackZ28
hmm... when I bought my G35 my premium was 1300/6mos (progressive). Cheapest full coverage available, mind you.
I can truly say, "I just saved a ton of money by switching to Gieco!" A couple months ago I was playing around at work getting quotes, I put in two quotes to geico and on one of them I said I was married. I am not! Didnt seem to help, but I went ahead and purchased a policy from them a few bucks less than progressive.
I get a phone call and start getting harassed about applying for a quote and saying I was married even though I'm not. I explained to the lady I was just messing around. She said, "I can save you money." I said, "Okay." She says, "Whats your wifes name?" Umm..."Monica." Needless to say, she saved me over $700 on my 6mo premium! Seemed fraudulent, but hell, she put me up to it! LOL Not to mention my girlfriend is fully covered too! Oh yea, I'm 23.
Funny part is, we dont live together and dont share the same last name. No questions asked.
Anyways, good luck with the purchase... if you can make the payments do it.
I can truly say, "I just saved a ton of money by switching to Gieco!" A couple months ago I was playing around at work getting quotes, I put in two quotes to geico and on one of them I said I was married. I am not! Didnt seem to help, but I went ahead and purchased a policy from them a few bucks less than progressive.
I get a phone call and start getting harassed about applying for a quote and saying I was married even though I'm not. I explained to the lady I was just messing around. She said, "I can save you money." I said, "Okay." She says, "Whats your wifes name?" Umm..."Monica." Needless to say, she saved me over $700 on my 6mo premium! Seemed fraudulent, but hell, she put me up to it! LOL Not to mention my girlfriend is fully covered too! Oh yea, I'm 23.
Funny part is, we dont live together and dont share the same last name. No questions asked.
Anyways, good luck with the purchase... if you can make the payments do it.
- 2,336
- Los Angeles, CA
- WRBWRXMAX
- Max Archer
Location, location, location.
21, Male, no accidents, one ticket, almost three years ago.
But, for the WRX's insurance, I pay... 5500USD a year!
I'm about to move less than 15 miles away, to Pasadena, and my company quoted my rate at $2800 or so per year.
So location can be the deciding factor.
21, Male, no accidents, one ticket, almost three years ago.
But, for the WRX's insurance, I pay... 5500USD a year!
I'm about to move less than 15 miles away, to Pasadena, and my company quoted my rate at $2800 or so per year.
So location can be the deciding factor.
Joey D
Premium
- 46,710
- Boyne Falls, MI
- GTP_Joey
- GTP Joey
Putting it in one of your parent's names is the best way to go. I had both the Blazer and now the Mini Cooper in my mom's name which significantly dropped the rates. For the Mini, which is brand new, I pay $432.58 per 6 months (I finally got a bill). This is with full coverage through Farm Bureau Insurance. If your parents won't do it, and let's be honest many parents do not want to have their name on the car for legal reasons, than I suggest looking for some other car that is cheaper. Bare in mind though, convertibles are going to be expensive no matter what.
- 3,534
- London
Yep, putting my mum as first driver and me second cut my quote from £1600 to £900 a year.
- 1,446
- MustangXS
- MustangXS
Man I wished I lived in Florida too. By the time I'm 23 and I should have a good enough job to afford something like the new Evo or STi, I'll probably have to pay like 7000 a year for insurance because that's just how Canada is. 👎
- 1,397
move to the middle of nowhere, nebraska (or kansas, or omaha) and watch your insurance rate go down.
- 10,620
- gtp_jimprower
how about going for minimum (Driver only, not car) coverage? It sounds as if you're trying to fully cover the car. I'd also shop around, even in different cities: we had to go to an agency two hours away to get a decent quote after my brother got t-boned by a police car doing 30 over the limit.
- 971
- Bomberang
Like a couple of people have said, you should just get it under your dad's name, that would probably be the cheapest option, hopefully you can get it because it is a cool little car. What colour is it in?
I noticed all us Canadian's are all saying the same thing, really expensive insurance... why is our insurance so stupidly high? My dad was telling me something that was interesting, I do not know if it is true but apparently, in Canada they base our insurance on the most expensive car in the house that it would cost to repair in the event of an accident, not the car that you are listed as secondary driver. So if I am not insured for my dad's G35 but my mom's Subaru they still charge me for the G35 because it would cost more if I got into a crash in it.
I am not sure they can do that but does anyone know if this is true?
I noticed all us Canadian's are all saying the same thing, really expensive insurance... why is our insurance so stupidly high? My dad was telling me something that was interesting, I do not know if it is true but apparently, in Canada they base our insurance on the most expensive car in the house that it would cost to repair in the event of an accident, not the car that you are listed as secondary driver. So if I am not insured for my dad's G35 but my mom's Subaru they still charge me for the G35 because it would cost more if I got into a crash in it.
I am not sure they can do that but does anyone know if this is true?
- 10,620
- gtp_jimprower
Wouldn't surprise me. I'm sure they can take advanage of any loophole in the law that lawmakers havent' taken care to patch.
- 1,446
- MustangXS
- MustangXS
In canada, I can't be listed as 2nd driver on my Lancer. We have some sort of law in Alberta, such that if there is 2 cars in the household and there is 2 people with a full license (me and my dad), there HAS to be a separate "main" driver on each car. If my mom had a license (she doesn't), then it's possible we could have it so the Lancer is under my mom as main driver, but she doesn't have a license so that's not a possibility. Anyway, my dad can't be put as 1st driver on both our cars, our regional laws don't allow it or something like that.
Joey D
Premium
- 46,710
- Boyne Falls, MI
- GTP_Joey
- GTP Joey
That's the way it pretty much works here in Michigan too, you have to be a primary on at least one vehicle. I'm on my dad's old work van.
forza2.0
(Banned)
- 987
- And they look better
- Cheaper too
- 3,534
- London
Oh yea this is pretty risky on an expensive/valuable car and will only cut your quote about a 1/4. You could insure it for 3rd party, fire and theft and raise you voluntary access to the max which means if you have a crash, insurance company will deal with the other persons involved but you will have to repair your car out of your own money.
- 38
Before you get an s2k, what engine are you planning on? From what ive seen the F20C has a nasty habit of spinning bearings. Like YSSMAN said the MX5 might be the better choice. Even better the MazdaSpeed version, factory turbo .
You guys have some ridiculous insurance rates, $78 a month for my car. Thats full coverage, with theft, gap, passenger medical bills covered, free roadside. Woot.
.You guys have some ridiculous insurance rates, $78 a month for my car. Thats full coverage, with theft, gap, passenger medical bills covered, free roadside. Woot.
- 21,286
- GR-MI-USA
- YSSMAN
- YSSMAN
What kind of deductible are you running? How old are you again?
It always depends on the car, what kind of record the driver has, where it is garaged, etc when the rates come out. I'm almost certain that if I had my house in Forest Hills that my rates would be cheaper than whats here in Grand Rapids, thank the crime rates and whatnot...
It always depends on the car, what kind of record the driver has, where it is garaged, etc when the rates come out. I'm almost certain that if I had my house in Forest Hills that my rates would be cheaper than whats here in Grand Rapids, thank the crime rates and whatnot...
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