Had to renew my insurance policy today and my rate went up. I own both my vehicles with clean record WTF??
My cars
1998 escort zx2
2004 infinity I35
Turns out my Infiniti is categorized as “high risk” vehicle
The Infiniti is basically an upscale maxima of same era but..
This particul vehicle was only made few few years, some parts are even NLA from dealership.
So now my nice car that’s very nice and paid for is costing me more money..
Subscriber-unavailabile said:Had to renew my insurance policy today and my rate went up. I own both my vehicles with clean record WTF??
This particul vehicle was only made few few years, some parts are even NLA from dealership.
There’s your answer.
Don't replace the Infiniti with a late model GTO.
Or a beat up bugeye WRX.
Insurance on a Viper, C5 Corvette, and E55 AMG was all less than insurance on a bugeye WRX.
My insurance right now with a 2015 Land Cruiser and 1995 Viper is less than it was when I had a 2002 F250 and a bugeye WRX, to put it into perspective.
There was a pretty decent article in GRM 3 or 4 years ago explaining how rates are not just based on the newness or performance of the vehicle but there is a whole lot of je ne sais qua going into it as well.
Your insurance agent told you a 15 year old car was a "high risk" vehicle?
Just like the last time this thread was posted a few months ago (and the other thousand times) it's not about the car rarity, value, age, ability to get parts, etc. It's about statistics. Somewhere the insurance company has data that says that people that drive that car like to hit other people a lot and/or cause lots of damage to other vehicles when they hit them. That's all there is to it. If you don't like the rate increase (which is reasonable) shop around. Chances are there's at least one competitor that wants your business enough to undercut your current provider.
Around here all the assclowns drive Nissan and Infinity cars so I could see the reason for an increase.
Want to see something crazy expensive to insure, ask about a Chevy Cruze. The insurance was more than the car payment
Do you have full coverage (collision and comprehensive) on it? How much are those parts? And how much is a 2004 Infiniti I series worth? I don’t carry full coverage on anything but my classic truck. In 25 years of driving that has saved me money for sure. I’ve had a couple small incidents that might have qualified for a claim but I repaired them for less than the deductible would have been.
Not much sense to me paying $50/mo to maybe protect a $3000 car.
I've found from my experience that initially a brand new car insurance will be high and decrease some annually until it reaches about the 10 year old mark then start to go up again. I'm guessing age and related cost to fix an old(er) car vs. scrapping it and tendency of older cars getting into accidents more. Full coverage on my 99 Miata is more than full coverage on SWMBO's 2010 Hyundai Sonata and insurance on her car is starting to go up, almost at the 10 year mark.
Sit down with your agent and go over your policy line by line. You might be able to save some money.
The ZX2 is virtually worthless, maybe not to you.
The Infiniti may be high risk due to the number of claims.
93gsxturbo said:Or a beat up bugeye WRX.
Insurance on a Viper, C5 Corvette, and E55 AMG was all less than insurance on a bugeye WRX.
My STI was more then my ACR to daily. My 911 is cheaper then my lightning right now as well.
Insurance company have the info to make these decisions and they make money so they clearly all doing it right.
Appleseed said:Don't replace the Infiniti with a late model GTO.
And the Ford Sierra Cosworth
My agent got back with me stating it’s due to low production numbers and parts availability. Price increase wasn’t much just caught me off guard.
from my brief research they body style of model there was little over 50,000 sold.
maybe I should start hoarding them and sell parts..
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