OMG Insurance is killing me!!!!

[macatoni]

I just got a quote from my insurance company for the TTA im buying. $5800 a year for full coverage!!!! In two years i will have paid more for insurance then the car itself. Bair minimum was $2900. Im going nutz over here. I am a 19year old male(which doesnt help) with a clean record, and to insure my 68' Camaro is $1750 a year full coverage!!! And my camaro has 475hp and does the 1/4 in mid 12's!!!! What the hell has the world come to, i need to find cheap full coverage or this might not work out!!!

Sorry for my rant,
David

[Brett Haynes]

for my gn being 18 with a clean record i still pay 4000 a year

[MaxVO2]

Originally posted by macatoni
I just got a quote from my insurance company for the TTA im buying. $5800 a year for full coverage!!!! In two years i will have paid more for insurance then the car itself. Bair minimum was $2900. Im going nutz over here. I am a 19year old male(which doesnt help) with a clean record, and to insure my 68' Camaro is $1750 a year full coverage!!! And my camaro has 475hp and does the 1/4 in mid 12's!!!! What the hell has the world come to, i need to find cheap full coverage or this might not work out!!!

Sorry for my rant,
David

****Wow, a lot of it depends on where you are at of course. Here, near Washington DC, car insurance is also very high. A neighbors son got a great deal on a 20 year old Camaro recently, only to find he will be paying more than it's buying price in insurance every year!

That's just plain scary when you are paying 5k a year for full coverage on a nothing special 20 year old car!

I think insurance companies figure an 19 year old male with a fast car is a bad combination in terms of risk, and statistics bear that out.

Good luck finding something cheaper. Lots of people have a beater car, and some kind of low mileage policy on their "fast" car around here. I don't drive my GN much, and my daily driver is nothing special.

Good luck

Billy
Montgomery Village, MD

[macatoni]

Its BS! But hey its there for a reason. I have had my Camaro for three years now without a single accident or moving violation. It just doesnt count for anything i guess. I live in Oakland which is a fairly high priced insurance zone(i assume, in camparison to San Fransisco right accross the bay...). Yes its a fast car from the 80's and of course its the fastest f-body availible that year and thats probably all they see.
Now i was gonna purchase the car and i still am but it looks like if i insure it under my mom's name and she is the "primary driver" the insurance will drop to $1500 full coverage. Take it she is in her 50's and has been driving a lot longer then i have. So i hope that works because then ill be able to eat every night instead of making my insurance company filthy rich...
David

[trading t/a]

collector insurance shhould help a lot. Can't drive it everyday, but hey u cant have ur cake and eat it too..

[1BADDAM]

For liability I pay $272 yr. Helps a lot being over 25.

[FlyinGN]

Thats what I did as a young man and owning a show car/race car. I had it under my Dads name til I was 25 and got classic insurance for it..

[Grumpy]

sorry but thats typical crap when your a "youngin"

[83ttypecooled]

Hi,
Sorry you guys are getting bit by the nasty insurance demon, no easy solutions until you reach 25. I was quoted at 1200 a year for a 69 Torino Cobrajet 428 when I was 18, blew the deal right there! However, I bought a Falcon, jacked the running times into the 12s, and the State farm Agent thought it was great! As I remember,liability cost me 300 for that car back then....

[ozpont]

.... wow.. I hope to hell the US - Australian Free trade agreement does not get the blood sucking US insurance companies the key to our local industry.

.. I have a 89 tta on full cover for value of (in US$ for simplicity sake) about US$25,000 and thats costing about US$500 a year, limited to 8,000 miles a year.
Also a 84 Indy Fiero.. valued at US$7000 for US$270 .. same miles.
A brand new Toyota HiLux 2005 new v6 4 ltr top of the line job extra cab for US32,000 daily driver part business for US$700.
Wifes 2001 Voyager, daily driver unlimited etc full coverage valued at US$27000 for US$1000
Age over 25yrs.. location ... in an area away from down town.. much like Freemont is to San Fransisco or Gathenburg is to Washington / or.. Pontiac is to michigan.. ..
We could NOT afford insurance that expensive.. how the hell do you guys do it... They are just ripping into you... just because you enjoy a good car.. does that give them license to kick you in the head... Its completely WRONG.. after all they can send you off to a foreign war with millions of dollars worth of amour and Humvees and tanks.... and you might not come back.. .. but will not stand by those same young men/women with their locally made street car.... "because they are a liability".... yerr right!!!

.. just does not add up...

[Metal]

I forgot how much I paid on my last TTA but I just called to add full coverage to my 92 Z28 and they want 738.00 for 6 months.
I told them to get bent.

[MaxVO2]

Well, consider becoming a 68 year old mom then if you think car insurance is too high. My mom pays like $340 a year to insure her newish Saturn, full coverage, rental reimbursement, etc.. Of course, she hasn't had a ticket in like 40 years, or as far as we know, killed anybody on the highways doing 50 mph in the right hand lane...

I guess she's considered low risk.. I let her drive my GN once, and she said it was too fast for her, and that she hopes I am not speeding in it..

Mom: Billy, what are all of those gauges and that laptop in the car for?

Billy: It lets me know how the car is doing. Makes sure the car isn't overheating, or wasting too much gas. It's mostly for safety and piece of mind.

Mom: Oh good. Safety is important..

Billy: (silence)



Billy
Montgomery Village, MD

[pvt num 11]

Bwahahaha! Safety is VERY good...!

I only have liability for all three of my cars, the GTA and the Grand Prix are listed as daily drivers, and the TTA is listed as 'recreational'. I pay 700-something for six months. It would be higher if I elected full coverage, of course. 28, married, stable job, no accidents. I don't know exactly what full coverage would cost me, though.