Another great reason for owning an RX-8 -Insurance
11-14-2006, 12:41 PM
#1
Registered User
Thread Starter
Another great reason for owning an RX-8 -Insurance
As an insurance agent in Florida, I know the difference in premiums for these cars. (obviously the driver is big factor in the premium) In some cases these cars can cost $550 - $750 per year more to insure. If you do the math, it can work out to be between $50 - $60 more per month!
Long Live the 8!!
According to MSN Money:
Most expensive models to insure
1 Mitsubishi Lancer Evolution
2 Mercedes CL-Class
3 Dodge SRT-4
4 Subaru Impreza WRX
5 Jaguar XK (convertible)
6 Lexus IS 300
7 Honda S2000
8 Acura RSX
9 Nissan 350z
10 Jaguar XJ
Here's the link: http://articles.moneycentral.msn.com...sToInsure.aspx
Long Live the 8!!
According to MSN Money:
Most expensive models to insure
1 Mitsubishi Lancer Evolution
2 Mercedes CL-Class
3 Dodge SRT-4
4 Subaru Impreza WRX
5 Jaguar XK (convertible)
6 Lexus IS 300
7 Honda S2000
8 Acura RSX
9 Nissan 350z
10 Jaguar XJ
Here's the link: http://articles.moneycentral.msn.com...sToInsure.aspx
11-14-2006, 01:30 PM
#6
Registered User
Thread Starter
Biggest Factors that determine premiums are:
1. Age
2. Credit
3. Location
4. Driving Record
5. Vehicle
To a smaller degree:
6. Homeownership
7. Single/Married (Married less expensive) - insert joke here....
8. No lapse in insurance coverage
$1700 is a lot but not too far fetched.......the average premium in South Florida I would say is about $1K/6 months.
New Yorker makes a good point about the fuel, damn this machine is thirsty!!
1. Age
2. Credit
3. Location
4. Driving Record
5. Vehicle
To a smaller degree:
6. Homeownership
7. Single/Married (Married less expensive) - insert joke here....
8. No lapse in insurance coverage
$1700 is a lot but not too far fetched.......the average premium in South Florida I would say is about $1K/6 months.
New Yorker makes a good point about the fuel, damn this machine is thirsty!!
11-14-2006, 03:35 PM
#7
Foolio
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You know when I asked about my insurance change if I wanted to cover a brand new 2006 BMW 325 AND got my hands on a 1993 Lexus ES, they told me my insurance would go down from what I was paying for my RX-8...
I guess the RX-8 is a sports car vs the BMW/Lexus are sedans, but still... I was surprised.
I guess the RX-8 is a sports car vs the BMW/Lexus are sedans, but still... I was surprised.
11-14-2006, 03:49 PM
#8
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Originally Posted by nycgps
I pay 1700 for 1/2 yr
if STi I have to pay 2400. same coverage *full*
if STi I have to pay 2400. same coverage *full*
11-14-2006, 04:16 PM
#9
Laid back in the pocket
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What Insurance company are you with?
Just to gauge general pricing, list location, age, etc.
I think I'm paying too much and would like to see what else is out there.
I think I'm paying too much and would like to see what else is out there.
11-14-2006, 05:10 PM
#13
captin safety
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I was just quoted 2700 for year, im 21, itd be 2400 if I was with the parents, and it is 3200 for a wrx, id imagine itd be alot more for a sti. I live in the bay area in Ca.
11-14-2006, 07:53 PM
#16
Blue By You
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Ike knows of Evo owners paying more for insurance than many of you are probably paying for a 60 mo car payment. Ike doesn't know how young people own Evos... Luckily Ike only pay $85 a month and the only non exotic Ike could own that would cost more to insure would be a Boxster S. But, once you get to a certain age and status with insurance there's not a big difference in rates when it comes to cars. If Ike drove an RX-8 Ike would probably save $15 a month at most <Ike twirls his finger>
Last edited by Ike; 11-14-2006 at 07:55 PM.
11-14-2006, 08:24 PM
#18
Taylor not Tyler
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Originally Posted by New Yorker
Kinda balances out the little extra some are paying in fuel, no?
11-14-2006, 08:43 PM
#19
Its all about Style...
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I am paying about 1.8k for the year in a 9 month payment plan. Been driving for about 3 years, last year I would of paid 3.2k for the year if not for the fact I got the 8 about 5 months into my payment plan. MA in general is pretty high and there isnt many Insurance Companies so competition is well not there. We dont have most of those Insurance Companies you see on TV.
11-15-2006, 11:37 AM
#21
Registered
Mine went up on my six month renewal. Apparently RX-8s got re-rated as a sports car now. 
At least that's what the insurange guy said when I couldn't find any reason for it otherwise and the rating symbols had changed.
At least that's what the insurange guy said when I couldn't find any reason for it otherwise and the rating symbols had changed.
11-15-2006, 12:23 PM
#23
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I pay approximately $164 a month with State Farm. Only up $26 from what I paid with my '06 Scion xA.
EDIT:
Status: single, aged twenty-one, 732 credit rating.
Points: Zero
Cars: 2006 RX8
Company: State Farm
Premium: $1970 @ Year (full coverage)
(..borrowed from sonicblue6's post.)
EDIT:
Status: single, aged twenty-one, 732 credit rating.
Points: Zero
Cars: 2006 RX8
Company: State Farm
Premium: $1970 @ Year (full coverage)
(..borrowed from sonicblue6's post.)
Last edited by Rotori; 11-15-2006 at 03:34 PM.
11-15-2006, 12:58 PM
#24
Laid back in the pocket
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WTF I'm paying 1300/6mo. with Progressive, and I'm in SW VA, I'm 26, haven't had a ticket in almost 2 yrs., and have good credit. WTF. Sounds like I need to shop around. 
11-15-2006, 01:08 PM
#25
Herrroooo Rarrra
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Originally Posted by Clavius
MA in general is pretty high and there isnt many Insurance Companies so competition is well not there. We dont have most of those Insurance Companies you see on TV.