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Discussion Starter #1
i just changed insurance carrier....i got a report back....they listed the vehicle mazda 3 s touring4D
from the vin # i gave them....only 370 bucks for half a year full coverage....am i missing something???
 

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allstate has my car down as a regular 3 turbo. I thought my insurance was cheap, but yours is off the charts. do you have a deductable?
 

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[quote author=dread link=topic=67322.msg1157221#msg1157221 date=1169184132]
mine is 350 for half a year through geico, so it doesn't seem wierd to me.
[/quote]

Geico doesn't have the mazdaspeed3 in their charts yet. I got a letter today saying the VIN# was incorrect. BS.
I told the lady over the phone "Mazdaspeed3" she put it down as a MAZDA3 S

Their fault. Not mine. $1,300/6months
 

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Discussion Starter #6
$1300/6 months????? holy crapy.....how many pts u have on ur licnese boy
thats alot.....i paid $1850 for 3 cars for 6 months...all full coverage.....
my deductable is 500 comprehensive 2500 collision
its also included tow and rental car up to $600
 

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[quote author=udontknowajck link=topic=67322.msg1157256#msg1157256 date=1169185812]
$1300/6 months????? holy crapy.....how many pts u have on ur licnese boy
thats alot.....i paid $1850 for 3 cars for 6 months...all full coverage.....
my deductable is 500 comprehensive 2500 collision
its also included tow and rental car up to $600
[/quote]

No points, no accidents, no violations, none whatsoever.

I'm 21. I own 2 cars and have the multiple-car discount. I live in MD (Howard County). $500 ded. on both collision and comprehensive 100k/300k/50k Uninsured the same limits PIP $2,500
I was mistaken, the MS3 all by itself is $1,176.90 every 6 months.

It's tough for US KIDS! :D
Insurances make a S*** load of money from us (because most the time daddy pays so they can charge anything they want)

YOU HAVE A 2,500 DEDUCTIBLE IN COLLISION??? Does that even exist???? Is it worthy?
 

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The quote I got from NJ Manufactors was $2400 for the year $500 deductible...I have a clean driving record, but I'm 23 so that sucks for me. Dread, what kind of coverage do you have if you live in New Brunswick and you only pay $350 every 6 months :shock: :shock: :shock:??? That's crazy low!
 

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full coverage 500 deductable including mechanical failure with a 250 deductable for 7 years 100k, I am 27 and married, which helps and have a perfect driving record. This is the second car on the policy, total I pay 700 every 6 months for an 04 3 and my ms3. Nj manufacturors quoted me 1500 a year on my 04 3 so I told them to shove it and went with geico, where I pay less than that for two cars. They used to be the cheapest but not anymore since all the insurance companies came back to nj. Geico is so much better, and you get a quote in 15 minutes, nj man took 3 weeks to get me a quote. Screw nj man they suck, call geico its so easy a cave man can do it.
 

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[quote author=leofaye link=topic=67322.msg1157466#msg1157466 date=1169215532]

It's tough for US KIDS! :D
Insurances make a S*** load of money from us (because most the time daddy pays so they can charge anything they want)

[/quote]

Insurance companies don’t make a substantially higher profit margin on younger drivers. Their margins may be slightly higher due to the fact that young drivers are, on average, higher risks. With large insurance companies, this risk premium should be quite small and is completely reasonable (with risk comes reward). Insurance carriers set rates based primarily on exposure, which is estimated from past experience. Past experience says that young drivers are, on average, high risk.

Yes, I’m an actuary.
 

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[quote author=Mathman link=topic=67322.msg1157734#msg1157734 date=1169225871]
[quote author=leofaye link=topic=67322.msg1157466#msg1157466 date=1169215532]

It's tough for US KIDS! :D
Insurances make a S*** load of money from us (because most the time daddy pays so they can charge anything they want)

[/quote]

Insurance companies don’t make a substantially higher profit margin on younger drivers. Their margins may be slightly higher due to the fact that young drivers are, on average, higher risks. With large insurance companies, this risk premium should be quite small and is completely reasonable (with risk comes reward). Insurance carriers set rates based primarily on exposure, which is estimated from past experience. Past experience says that young drivers are, on average, high risk.

Yes, I’m an actuary.

[/quote]

Well I knew that :D
I was just saying... :wink:
 

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[quote author=dread link=topic=67322.msg1157640#msg1157640 date=1169222910]
full coverage 500 deductable including mechanical failure with a 250 deductable for 7 years 100k, I am 27 and married, which helps and have a perfect driving record. This is the second car on the policy, total I pay 700 every 6 months for an 04 3 and my ms3. Nj manufacturors quoted me 1500 a year on my 04 3 so I told them to shove it and went with geico, where I pay less than that for two cars. They used to be the cheapest but not anymore since all the insurance companies came back to nj. Geico is so much better, and you get a quote in 15 minutes, nj man took 3 weeks to get me a quote. Screw nj man they suck, call geico its so easy a cave man can do it.
[/quote]

LOL I love those commercials. I hear that NJM is the best around but I see no reason to stay with them. You have to be grandfathered in to get a policy I figuered since it's so exculsive it has to be good. The service I got was good. They called me like 3 days later with a quote and the people were very helpful. They call themselves by their last name which is a little strange but whatever. Like the lady that gave me my quote was Mrs. Jancey. Maybe I'll shop around some since you get yours cheap. I mean I'm only 4 years younger than you and I'm not married but I still dont see a reason for a $1500 dollar difference. Even if they MS3 was your only car your insurance wouldnt be more than a grand.
 

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[quote author=leofaye link=topic=67322.msg1157759#msg1157759 date=1169226581]
Well I knew that :D
I was just saying... :wink:
[/quote]

Yeah, it sucks to pay for insurance when you’re young… no doubt about it.

I’m 28 now, and I pay about $950/year for full coverage in Colorado. Good driving record, discount for having another car and a house insured through the same carrier (State Farm). I got some slightly cheaper quotes, but State Farm is a good company…

Has anyone tried Esurance yet? I hate their commercials, but the online vendors (Progressive, Geico) often have good rates.
 

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[quote author=Mathman link=topic=67322.msg1157734#msg1157734 date=1169225871]
[quote author=leofaye link=topic=67322.msg1157466#msg1157466 date=1169215532]

It's tough for US KIDS! :D
Insurances make a S*** load of money from us (because most the time daddy pays so they can charge anything they want)

[/quote]

Insurance companies don’t make a substantially higher profit margin on younger drivers. Their margins may be slightly higher due to the fact that young drivers are, on average, higher risks. With large insurance companies, this risk premium should be quite small and is completely reasonable (with risk comes reward). Insurance carriers set rates based primarily on exposure, which is estimated from past experience. Past experience says that young drivers are, on average, high risk.

Yes, I’m an actuary.

[/quote]

Co-sign.
 

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Even when you co-sign, you have to be added to the policy, so interms your insurance will be the same, if not higher (depending on your parents driving history).
 

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[quote author=udontknowajck link=topic=67322.msg1157183#msg1157183 date=1169181694]
i just changed insurance carrier....i got a report back....they listed the vehicle mazda 3 s touring4D
from the vin # i gave them....only 370 bucks for half a year full coverage....am i missing something???
[/quote]

yes. they are insuring the wrong car. if you get into an accident, your speed3 wont be covered.

think of it like buying an evo9 and only paying for lancer ES coverage.
 

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If they have your vin and the cost of the car, then its not your problem. The speed3 is not in most insurers systems.
 

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Its not your fault at all that they dont have the proper information...as long as when you were asked you gave them the truthful answer. you can run a vin in google and it will come up with what kinda car it is...even the Speed3
 

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[quote author=xxguitarist link=topic=67322.msg1160400#msg1160400 date=1169357976]
mine came in at about 300 more per year compared with the standard 3. i love it. cars like a WRX are close to double.
i'm so glad the speed is a limited production type deal.
[/quote]

which insurer? progressive quotes the speed3 as almost the same as a wrx.
 
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