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Old 05-18-2005, 10:49 PM   #1
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Default Insurance Company Begs me to have a supercharged car?

period enough said.

So I reuped on insurance with the basic 100/50/50 w/breakdown coverage

6 month premiums
1994 Olds L27 - $520


So I went insurance shopping....

1994 Bonneville SE - $520
1994 Bonneville SSEi - $528

ok thats nice


2005 Aveo - $1823 (full coverage)



ok so I guess they could care less about that stupidcharger on the top then.

I assume this is not normal???

1997 Bonneville SSEi - $528

1997 Grand Prix GTP 4 Door - $531
1997 Grand Prix GT 4 Door - $524

1997 Grand Prix GTP 2 Door - $759
1997 Grand Prix GT 2 Door - $730


USAA btw

So I guess they only factor in size of engine, safety features, and number of doors
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Old 05-18-2005, 11:00 PM   #2
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a lot of things are factored into ratings. Where you live, how the vehicle is used, safety statitstics, cost of parts, your age, your driving record, etc are used to determine rates.
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Old 05-18-2005, 11:15 PM   #3
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Do what I do...only carry liability after they're paid off. Rates are outrageous in MI, so I only carry liability on my truck and Bonnie. I've already saved enough in premiums by not carrying full coverage for 3 years that I can pay for whatever repair is needed on either vehicle.

With vehicles depreciating like rocks and insurance costs soaring, it really isn't logical to keep full coverage on a car that'* more than 6 or 7 years old. Chances are, a small fender bender would "total" the car because it'd be too expensive to fix in relation to the worth of the car. Consider this..you pay full coverage on a 6 year old car for 3 years at $1,000 per year with a $500 deductible. Year 9 you have a medium accident. Insurance totals the car, and gives you a check for wholesale (they never pay out retail) for $1,500 (assume wholesale is $2,000, less your deductible). You've lost $1,000 when you could have just kept that money in your pocket or in the bank collecting interest!

Remember, there'* a reason why insurance companies and offices that write for them have the nicest buildings, and most well manicured lawns!
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Old 05-18-2005, 11:20 PM   #4
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the whole point of this thread is that

my insurance company wants me to get a supercharged car, period


I found it hillarious.
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Old 05-18-2005, 11:31 PM   #5
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Quote:
Originally Posted by vital49
Insurance totals the car, and gives you a check for wholesale (they never pay out retail) for $1,500 (assume wholesale is $2,000, less your deductible). You've lost $1,000 when you could have just kept that money in your pocket or in the bank collecting interest!
the neighbor insurance company pays retail on claims. When my sons 94 sse got totalled they paid out over $4000. Not bad considering the collision coverage only cost about $150 per year.
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Old 05-18-2005, 11:32 PM   #6
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I found it kinda odd to that being 20 yrs old, with a shitty *** record and a */C'd car and the insurance is cheap as hell on my car.
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Old 05-19-2005, 12:51 AM   #7
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Bonneville'* don't have nearly the resale that GP'* do. Less demand = less money after a while. Great when you're buying used, horrible when you wanna sell what you bought.
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Old 05-19-2005, 11:54 PM   #8
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If you want to see cheap insurance rates try a 1990 Lumina Euro. Mine is $32 a month for PLPD, which is $192 every 6 months... Full coverage isn't much more, but being a $700 car, full coverage or even comprehensive or something like that would be dumb to have... And insurance company knows nothing about the turbo, so I'm sure that helps the rates a bit.

Shawn
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Old 05-20-2005, 01:33 AM   #9
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ive learned that having full coverage is worth it in the end. like mom said when i totalled the bonnie, they paid out alot of money on a car i only paid 2200 for 2 years before. on my new car, i carry full because of the loan but willl keep full coverage after it is paid off because i have full comp with no ded. and i just had to have my granddads winsdshield replaced in his truck while i was driving it and it was no cost to me. plus, if someone does vandalism or whatnot, it is covered and ya never know when one of them poles are going to run out in front of you!!LOL!! just my two cents though!!
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