Any one under 18 own a miata?

I was just trying to figure out what most people pay for insurance without going through all the work of calling my insurance guy.

Most insurance companies will give free online quotes. Which will probably get you a better answer, faster than asking on this board.

Call your agent. There is a lot more than age that goes into the quotes.

i had mine while being 18. Insurance was about $1200 i think a year.

Male. Young. Sportscar. HORRIBLE combo.

Do it, you wont regret it.

CarKid1989 wrote: i had mine while being 18. Insurance was about $1200 i think a year. Male. Young. Sportscar. HORRIBLE combo. Do it, you wont regret it.

daym, i paid about that for a mustang cobra!

For my 16yo it runs around $700 for Liability, etc. No Collisiion or Comprehensive.

Call your insurance guy. You will typically get an answer while you are on the phone. It would be quicker than trying to do it online and you wont get tons of spam email from insurance companies after.

Don't bother with the internet quotes, I have found them to be very unreliable. I'm 22 and my 2002 Cavalier is more expensive to insure than my 1990 Mazda RX-7. My insurance is $1200 for 2 cars with full coverage + uninsured motorist coverage.

Miatas tend to be on the cheap side of cars to insure, less than you would expect for a sportscar. I got mine at 19 and pay roughly $100 a month for insurance.

thatsnowinnebago wrote: Miatas tend to be on the cheap side of cars to insure, less than you would expect for a sportscar. I got mine at 19 and pay roughly $100 a month for insurance.

Which comes to...$1200 a year. Yeah. Not that bad

Dude.... $100 a month?

Ugh.

That's full coverage i hope?

This is exactly why i buy cheap cars. I pay $38 a month to insure the Celica, and $41 a month to insure the Escort. State minimum coverage. Considering how little they're worth, i don't need more.

It REALLY depends on where you live. In these parts, a 16-18 year old with ANY car and the minimum coverage will easily be 200/month. I have what are considered "excellent" rates for these parts (married, 26, clean record) and pay 90 for teh 325e, and expect to pay 140ish for the M3. (both without collision coverage.)

Nathan

This is true..... Mine actually went down moving from upstate new york to Indianapolis.

Ugh. Please, please, please do not get the minimum required insurance.

In most states it is about 10k property, 20k single injury, 50k total injury. I was a casualty adjuster for a couple years and have seen this burn people before.

Think about this, if you broadside a new lexus and total it you are quickly going to exceed the 10k property damage limit on your policy. You will be responsible for the remainder.

Even that is not so bad when you consider the personal injury liability. If the person you hit get transported to the hospital and is even moderately injured the hospital bills will rack up quick. A hospital stay can run roughly 1k- 10k per day if the person must undergo treatment and surgeries.

In one case I had a rear ender where the claimants truck was driveable after the accident. He went to the hospital later that evening complaining of a headache and back pain. He was there a total of 6 hours. An MRI scan and a couple of X-rays later we had around 7k in medical bills. Not to mention the pain and suffering claim, loss of work, physical therapy, and property damage that also went into the claim. That and he claimed that sexual performance had suffered severely. He had no "real" injuries, the hospital cleared him with a mild case of whiplash and soft tissue damage. I believe we ended up settling for 35k after year of him going to physical therapy three times a week and calling me weekly asking when we could settle.

If his primary injury was to his sexual performance, what would the physical therapy be?

Never mind. I don't think I really want to know.

Tim Baxter wrote: If his primary injury was to his sexual performance, what would the physical therapy be? Never mind. I don't think I really want to know.

Or what would the nurse look like...

...never mind.

Something tells me Tommy will have a Miata by the time he's 18... so eventually he'll be able to tell you.

Greg Voth wrote: I believe we ended up settling for 35k after year of him going to physical therapy three times a week and calling me weekly asking when we could settle.

Hmm... I had a similar claim against me when I was 19... no hospital visit (or even a police report, both of which probably helped me)... a month later I got hit with a lawsuit for $100K... my insurance co handled the whole thing... eventually paid out $2200.

njansenv wrote: It REALLY depends on where you live. In these parts, a 16-18 year old with ANY car and the minimum coverage will easily be 200/month. I have what are considered "excellent" rates for these parts (married, 26, clean record) and pay 90 for teh 325e, and expect to pay 140ish for the M3. (both without collision coverage.)

Woah! Talk about where you live having a big difference!

I'm 28 and single (clean record), and I pay $120/mo. total. That's everything but collision on a BMW M, and full coverage on a Miata (I still have a small loan on it). However, one of the reasons I originally got the BMW, was that it is surprisingly cheap to insure. The same rate as my old Chrysler Cirrus.

Be sure you check the exceptions on the policy to get one that will fit with what you do.

I use AAA. There are carriers that are somewhat less expensive, but I like AAA's policy exceptions better. My insurance doesn't cover "timed competition speed events", or something like that. So damage at an untimed HPDE would fall within the policy. I don't want to test that though. They'd probably pay, but I'm sure I'd be non-renewed afterwards.

He never got treatment for the sexual performance problem, he was just trying to drum up some more money.

He did end up with almost 20k in doctor bills and another 10k in missed work (security guard). The initial hospital visit was 7k, he had follow ups regularly had a whole host of X-Rays and scans done because of the pain. He was going to physical therapy three times a week which ads up quick. BTW no offense to anyone here but there are a whole lot of sleazy physical therapists.

Salanis wrote: Woah! Talk about where you live having a big difference! I'm 28 and single (clean record), and I pay $120/mo. total. That's everything but collision on a BMW M, and full coverage on a Miata (I still have a small loan on it). However, one of the reasons I originally got the BMW, was that it is surprisingly cheap to insure. The same rate as my old Chrysler Cirrus.

These rates are pretty common in the Toronto area, and Ontario insurance rates are pretty high in general. "Basic" insurance covers 200k-1000000 liability though. I'm not covered in the event of an HPDE, nor auto-x. As long as I'm not at fault in a wreck, the car is covered by insurance.

njansenv wrote: These rates are pretty common in the Toronto area, and Ontario insurance rates are pretty high in general. "Basic" insurance covers 200k-1000000 liability though. I'm not covered in the event of an HPDE, nor auto-x. As long as I'm not at fault in a wreck, the car is covered by insurance.

The ironic thing about the exception in my policy, is that the wording would cover HPDE, but not auto-x (it's timed, and technically competitive).

I don't plan to ever file a claim for HPDE damages. I'm going to drop extra coverage from the Miata once it's all paid off. I was just happy to have it on the BMW for the couple of times I took it on a track for the slim chance something bad happened to wreck the car.

I can afford to write off a Miata.

Greg Voth wrote: He never got treatment for the sexual performance problem, he was just trying to drum up some more money. He did end up with almost 20k in doctor bills and another 10k in missed work (security guard). The initial hospital visit was 7k, he had follow ups regularly had a whole host of X-Rays and scans done because of the pain. He was going to physical therapy three times a week which ads up quick. BTW no offense to anyone here but there are a whole lot of sleazy physical therapists.

I get to see it from the insurance company's side.

There are a lot of sleezy therapists, PERIOD.

@ Salanis:

You got someone to give you a car loan on a '93 Miata? I used a small unsecured personal loan to pay for part of mine. The credit union didn't really want to loan on a car that old, and between the title fees and origination fees, a personal loan was significantly cheaper over the life of the loan than an auto loan. The rate was about 2% higher, but the total cost of interest over the loan was less than only the fees associated with the car loan. Not to mention the savings on insurance and convenience of having the title in hand from day one.

Not trying to chastise you for what you did or anything, just sharing my own experience in case other people in here are in a similar situation. I was surprised myself by the whole thing, since I walked in to the bank intending to get an auto loan and walked out with an envelope full of cash and bought the car outright the next day :).

Well I would suggest looking into raising it up a bit. I know that a 100,000 liability policy doesn't usually cost a whole lot than the state minimums and it gives you a whole lot more wiggle room.