XXXrx8XXX

hey guys.....here is the story....u will be shocked when u hear this but i pay $557 a month for insurance on my 8....lol and no speeding tickets only one 50/50 claim in the parking lot, where a pregnant lady hit my bumper btw not the 8 lol...it was a camaro fewwwww....anyway long story short, for winter i am storing the car cause i don't want no rust on my 8........guys please, please rust proof ur wheel wells or u will be seeing rust within a month.......i will make another thread about how to protect ur back wheel wells and i actually made a rock guard against chipping of the back wheel wells......anyways going back to insurance.....how the hell can i change my insurance to only fire and theft since my car is stored... btw the ******* from the insurance said that since i am financing the car i cannot do fire and theft i have to have it insured full this is b.s......he says i need a letter from the lender to okay it????


what u think

AndrewE

they don't like to thats for sure, I have mine on a 3month renewable basis, 30 a month for fire/theft while in storage, so don't let them tell you its not possible
BTW 557 /mo is insane unless thats business insurance, as mine is 330 a month now, but was 460/mo with 1mil in contents insurance for the equipment or tools I may be carrying for work + 50 000km expected driving in a year, 500$ deductible
(20 000-25 000 is the norm)

time to shop around I'd say...

XXXrx8XXX

are u kiddng me no way this is just regular insurance per month 557....i am getting so wripped off i am in debt now about 9G's on my credit card for paying for the whole year....anyways what insurance are u with my contact is ending in february and then i can get new insurance without the cancellation fee....and btw how did u get them to put u on fire and theft??????do i have to write a letter to the lender???

TragicallyHip

Wow $557/month???
I'm only 23 and have full coverage under my own name... Paid $1534 upfront for the year (Yeah that works out to 127.83/month)

It's only that cheap because of the discounts they gave me. (My father has been with them for many many years, I had been on as an occasional driver under him since I was 16, and I had no claims against me) 20%, 10% and 5% discounts... Sooo yeah, i'll take a 35% discount off insurance any day.

AmKorp

Nobody really answered the original question so I'll give it a try. Since you are leasing your vehicle, the owner of the car (Mazda Financial if you leased through them) requires that you have Maximum coverage on the vehicle. This is true if the car will be driven and has the potential to be in an accident. However, while a vehicle is being stored there really is no chance of it being involved in a motor vehicle accident. Realistically, the only things that could happen to a stored vehicle would be fire, vandalism and theft. Therefore, maximum coverage for a vehicle in storage would cover all those items. I think your insurance company is just being difficult and if you contact mazda financial (assuming that is who you leased the car from), they shouldn't have any issues with providing you with a letter that would allow you to get that basic coverage for your car while its in storage. Hope that helps.

XXXrx8XXX

hmmm all is true for the above except i am financing not leasing so my lender is a Bank...???? i will call them today and see what's up

AmKorp

well if you're financing then is your name on the registration or is it the bank's name? In other words, did you get a loan from the bank to pay for the car, or did the bank buy the car and you are paying them back? If the latter is the case, then there shouldn't be any problem of getting a letter from them. If you got a personal loan and your name is on the registration, I would call the insurance company again and make them put on the fire/theft insurance without any letter at all. Like I said before, your insurance company rep is just being an ***.

champi0n

iTrader: (1)

try putting it under home insurance?

and financing means you own it and you just have a regular loan with the bank with the car probably listed as collateral. The car should be in your name, not the bank or lender.

Thumper3322

If the car is leased the you have to have full coverage for the car thru out the entire lease, financed FK that, you own it (more or less) and can't see them making you put full insurance on it when it is being parked. Home insurance - not sure if that one works, don't believe so. If it does make sure to take lots of pics of it parked in the garage.

As for your insurance drop that company man that's nutz!! go get a free quote from other places...try pcinsurance.ca (cheapest I could find). GL!

spigot52

Took mine off the road yesterday.
Fire theft etc. til April 01....$75.00

Gecko69

wow......I am 26 and pay 96 dollars a month.......with completely full coverage and the lowest possible deductable. Just putting this out there, I have run my rx8 thru 3 winters without rust proofing the wheel wells and have absolutely no sign of rust.

hjrx8

my insurance is 9G too ...it's killing me...and it's not going down anywhere this yr.
So I'm keeping my 8 inside for winter this year.
Any suggestion for good winter tire?
I had realli rough winter last year without winter tire on ..

zerobio

^ Some of us are using bridgestone blizzaks or dunlop M3 ... a few other good ones, too. Can't imagine winter without snows. Lucky you survived.

TurboEight

iTrader: (1)

+1 YOU need snow tires!!

+1 blizzaks FTW.

and I pay 8bills insurance a month.....

it's sad....

and I'm turning 21 this march...No at fault accidents either!!

I am also storing the car....I will be driving my mz3=)

my car is paid off....so i own it...and i have no problems putting it on fire/theft....just did this 1 week ago..

around 24/month..

GOOD LUCK.....who are you with btw.?

Jeison

so is this the part where I say I've had 1 at fault accident (backed into someone, different car), a few "yielding @ a stop sign" tickets, a speeding ticket, and I pay $108 per month??

Rems31

No this is the part where you stop comparing apples to oranges :P

champi0n

iTrader: (1)

lol 800 a month for insurance?

you pay about the same rate as convicted drunk drivers.