I am shopping around right now for insurance and in NJ, the cheapest insurance rates i can find is no less the $5,000 a year. But some places are over $8,000 and that is after i lowered all my stuff, and had high deductibles.
That's terible! I live in Hunderton county. I pay about 1400. Dunno what kinda coverage or your driving record is like...but I'm moving the the PA border soon, my insurance quote dropped 200 bucks...giddyup.
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2005 Black GT Whipple HO | Oil Seperator | Steeda Tensioner | 93 dyno tune | Autometer Cobalt | GTAs
$1700 here in Atlanta. I'm 28 so I still have a few more years before it will go down. This is full coverage 50/100 Progressive seems to have good deals.
DW
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2006 GT Premium 18"
JLT 2 CAI, SCT 2 Evo tune, LT Kooks headers, X-pipe, High-flow Cats, Borla S-type, Hurst Short Throw, Sequential, Tint, and 12" Stripes.
"All of us who are human beings are in the image of God. But to be in his likeness belongs only to those who by great love have attached their freedom to God."
$1119.00 a year here in the Wash DC metro area through AAA...after seeing the previous posts I feel pretty good about my rate. Oh and I'm 51 with perfect driving record.
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2006 GT Premium IUP Black Auto
Member - Mustang Club of Maryland - Mustang Club of America
$5000-$8000 per year? That is a rate reserved for teenagers with bad records and new WRX's
but I have some good news...
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“If it rolls, floats, flies or shoots, runs on gasoline or gunpowder, goes fast or shoots a big bullet and makes lots of noise, thus producing torque and recoil — it’s cool.” --Sterling Moss, Society of Torque and Recoil OhFour GT Drop top * Kenne Bell 9PSI I/C * Ford Racing 03 Cobra aluminum radiator * Full length welded subframe connectors * Couple of AutoMeter gauges, Grill delete kit * ZR3 Active laser countermeasures front and rear * Escort X50 blue radar detector *Clifford RSX3.5 Alarm
Mine is $1010 year (Mustang amount, more if you count my other cars), 38 yrs old, clean record, multi-car discount, and hell-of-nice-guy disocunt (ok, in my dreams on that discount).
You should take a look at the August issue of Consumer Reports. The did an investigation on how auto insurance companies decide rates, and how many companies are starting to use your credit score to help determine how much you pay. For example, they show a chart that points out that a hypothetical 28-year old male in Orlando Florida who drives a new Toyota Camry can have an annual premium anywhere from $782 to $4,755 from different companies by taking into account his credit score! It is claimed by the insurance companies that a person who has a lower credit score will eventually make more claims, since the lower score indicates to the insurance company that the driver has less extra cash to pay for minor incidents. It's a very interesting read.
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08 Roush 427R GT Torch Red Premium
100% synthetic oil(Roush synthetic soon)
06 V6 Vert Premium w/Pony Package
You should take a look at the August issue of Consumer Reports. The did an investigation on how auto insurance companies decide rates, and how many companies are starting to use your credit score to help determine how much you pay. For example, they show a chart that points out that a hypothetical 28-year old male in Orlando Florida who drives a new Toyota Camry can have an annual premium anywhere from $782 to $4,755 from different companies by taking into account his credit score! It is claimed by the insurance companies that a person who has a lower credit score will eventually make more claims, since the lower score indicates to the insurance company that the driver has less extra cash to pay for minor incidents. It's a very interesting read.
Interesting, yes, but legal, I am not so sure. I would bet that the insurance companies end up getting sued big time for such bad faith practices. Now the lawsuit against them would be really interesting.
According to the article, most states allow this use of scoring, but some states have passed laws to restrict this kind of scoring. Insurers do not have to disclose their scoring systems. Insurance lobbyists have successfully repelled efforts and laws to ban or restrict this type of scoring in may states. When something like this comes out though, insurers begin to have second thoughts on using it. Either way, it's good to be an informed consumer, as this can affect what we pay, legal or not(for now).
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08 Roush 427R GT Torch Red Premium
100% synthetic oil(Roush synthetic soon)
06 V6 Vert Premium w/Pony Package
I guess the biggest problem is that i am a teenager, and i will be owning a brand new car, and i live in New Jeresy. a triple whammy!!! But i want this car, so screw it!!
How bad is bad insurance? 
