What to do to decrease terrible insurance rate for this class of cars
Thread Starter
Joined: Aug 2004
Posts: 5
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From: NYC, NY, US
What to do to decrease terrible insurance rate for this class of cars
If you live in US or Canada and want really cheap car insurance, go to
http://www.investingtutorial.com/Incurance.htm and click on the second banner from the top. They give free instant quote and it is very cheap. My insurance on my BMW 325 was around $500 per 6 months and their quote was $320. It takes 2 minutes to calculate quote. First banner from the top is also insurance company that gives instant quotes but their quotes are higher.
http://www.investingtutorial.com/Incurance.htm and click on the second banner from the top. They give free instant quote and it is very cheap. My insurance on my BMW 325 was around $500 per 6 months and their quote was $320. It takes 2 minutes to calculate quote. First banner from the top is also insurance company that gives instant quotes but their quotes are higher.
Honda-Tech Member
Joined: Aug 2000
Posts: 7,940
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From: Portland, OR
Re: What to do to decrease terrible insurance rate for this class of cars (jason_obn)
which company are you talking about?
if it's esurance, I tried them a few days ago....the quote was half as much as I'm paying, until I get to the screen to buy the policy...it MORE than DOUBLED once they checked my info. ended up being more than I pay now, and my driving record is not even bad.
if it's esurance, I tried them a few days ago....the quote was half as much as I'm paying, until I get to the screen to buy the policy...it MORE than DOUBLED once they checked my info. ended up being more than I pay now, and my driving record is not even bad.
Honda-Tech Member
Joined: Mar 2003
Posts: 1,310
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From: West
Re: What to do to decrease terrible insurance rate for this class of cars (jason_obn)
Do they give an A-Best (or whatever it's called) rating for the insurer you pick?
Thanks for the tip!
Be advised however, that there are lots of insurance companies, and they are not all created equal. Insurance is a business. Take in more than you pay out (and invest the float) is the name of the game. There are many happy to take lots of your $$, then not pay claims quickly / fairly / at all. I only deal with AAA rated, and will gladly pay more to do so, knowing that when the likely (inevitable?) happens, I'll get taken care of right, with no hassles.
R's cost bux to insure because they are high performance & driven by often young drivers (read: frequently wrecked), and very frequently stolen. They also hold thier value very well. Thus, this is a money losing car for most insurers. Premiums will never go down. In fact, my agent told me when she saw the quote: "Sheesh! Category 22!! What kind of Integra IS that?!? You might as well drive a C5 Corvette!"
When I replace the R (if ever) it will be with a used, old-man-driven NSX, which is a lot cheaper to insure!
Thanks for the tip!
Be advised however, that there are lots of insurance companies, and they are not all created equal. Insurance is a business. Take in more than you pay out (and invest the float) is the name of the game. There are many happy to take lots of your $$, then not pay claims quickly / fairly / at all. I only deal with AAA rated, and will gladly pay more to do so, knowing that when the likely (inevitable?) happens, I'll get taken care of right, with no hassles.
R's cost bux to insure because they are high performance & driven by often young drivers (read: frequently wrecked), and very frequently stolen. They also hold thier value very well. Thus, this is a money losing car for most insurers. Premiums will never go down. In fact, my agent told me when she saw the quote: "Sheesh! Category 22!! What kind of Integra IS that?!? You might as well drive a C5 Corvette!"
When I replace the R (if ever) it will be with a used, old-man-driven NSX, which is a lot cheaper to insure!
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