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One thing that still doesn't make sense to me about it is my last car, Sentra Spec V, is rated as high as the GTO. When I traded for the GTO, my insurance went down about $5 a month. I just can't believe they were that close together.
 

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Look at the car... It's a performance car and is recognized as such.. It generates big Horsepower. What do you think the car should be rated as? One should expect the car to carry a hefty insurance tag. If you want a car in the 4cyl category then get one.

There are guys complaining about MPG, insurance premiums and costs to repair the car, If a person gets one of these and expects the costs to be in the cheapo category then they are not very astute as to what they are getting.

Don't get me wrong I am not flaming, but it don't take a mental marvel to see what you are getting....

BTW...... I would not take anything State Farm has to say for insurance as gospel. They are under fire right now and it's going to litigation from the claims from Hurricane Katrina. According to the news, State Farm used strong arm tactics on their claims adjusters to falsify claims so as the people who were affected were denied claims... There is proof of this and adjusters are coming forward.....

If this is all true and the proof is supposedly out there, do you think they are totally honest on auto insurance in their quotes? I have Erie Insurance, and State Farm is in a different dimension with the rates on the GTO when I inquired.
 

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Vehicle Safety Discount= 0%

Question: I was just in a major accident that will certainly be deemed my fault. No one was hurt but probably $30K in damages. This isn't my first accident, but haven't had any in 3 years. Other than that I don't think I have any points on my license, but maybe 1 or 2. Is there any chance they will put me on a prohibited list for my new car choice (not let me insure a GTO)?????
 

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Vehicle Safety Discount= 0%

Question: I was just in a major accident that will certainly be deemed my fault. No one was hurt but probably $30K in damages. This isn't my first accident, but haven't had any in 3 years. Other than that I don't think I have any points on my license, but maybe 1 or 2. Is there any chance they will put me on a prohibited list for my new car choice (not let me insure a GTO)?????
IMO : You may be dropped. If you aren't, you'll surely be put on High Risk. If you want to insure a GTO or another type performance car, expect to take a royal reaming.

If you are dropped.....this is the scenario where some one in your situation goes with a Geico, Safe Auto, or another type of minimum rate insurance company because they may be the only one's that will insure you. This is the situation where you take the insurance because you need it. The downside is you will be under insured. If you are in another at fault accident, the person you hit or personal property you damage better have under insured insurance because the company you'd have will only pay a certain amount, and that will open you up as defendant in a lawsuit.

I think you'd find getting a GTO with a record of at fault accidents that are on your record, you will not want to pay the hefty premium you'll be quoted.

You may want to search out an independent Insurance Agent who will search for the best quotes for you. If you cannot find a carrier and you resort to a Geico type carrier, BEWARE of business practices done over the phone with no face to face dialog and papers you cannot examine before committing. If you find yourself going with a minimum rate carrier, be absolutely sure you know what you are getting in to. It's NOT what they tell you that can get you in too deep should you be involved with an accident. You are rolling the dice hoping you have no claim with them.
 

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Thanks Judge. I spoke with my insurance agent and got some good new and some bad new.

The Good:
My policy is March to March, the accident was reported on April 1st. They cannot raise my rates for a year, at which point the previous single vehicle accident will be totally expunged. Also the "ran a yellow light" BS ticket I got in MA won't count on my PA license.

The BAD:
I pay $900 a year currently for insuring a 97 Cadillac STS that no longer exists. To move up to a GTO, regardless of driver history, would cost $1783/yr. My agent says to expect a premium of up to 30% next year. This would total $2317.90/yr. or $193.16/month. OUCH. That's not including that fact that I'm actually a MA resident now and need to change my license/registration/insurance to reflect this.

A car payment coupled with increased rent from the new place, coupled with a huge insurance payment wouldn't kill me, but it would sting a bit. I hate to say it but I've started to consider STI's and EVO's. GTO as my only car in Mass would have been worth the impracticality I think, but AWD is a nice feature up here.
 

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Thanks Judge. I spoke with my insurance agent and got some good new and some bad new.

The Good:
My policy is March to March, the accident was reported on April 1st. They cannot raise my rates for a year, at which point the previous single vehicle accident will be totally expunged. Also the "ran a yellow light" BS ticket I got in MA won't count on my PA license.

The BAD:
I pay $900 a year currently for insuring a 97 Cadillac STS that no longer exists. To move up to a GTO, regardless of driver history, would cost $1783/yr. My agent says to expect a premium of up to 30% next year. This would total $2317.90/yr. or $193.16/month. OUCH. That's not including that fact that I'm actually a MA resident now and need to change my license/registration/insurance to reflect this.

A car payment coupled with increased rent from the new place, coupled with a huge insurance payment wouldn't kill me, but it would sting a bit. I hate to say it but I've started to consider STI's and EVO's. GTO as my only car in Mass would have been worth the impracticality I think, but AWD is a nice feature up here.

I feel for ya. This is where these minimum rate Insurance companies make their money. Many people would be hell bent on the GTO and go get one where you were quoted 2300 year then take a premium for say 1800 year with all kind of reduced coverages to make it affordable.

Thats fine as long as you have no accidents. If you do, your nightmare is just beginning.
 

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One thing that still doesn't make sense to me about it is my last car, Sentra Spec V, is rated as high as the GTO. When I traded for the GTO, my insurance went down about $5 a month. I just can't believe they were that close together.
The key is that insurance companies look at claim data. Younger, less experienced, drivers make up the pool of Spec V drivers. They are more likely to be in an accident than the more mature driver that buys a GTO. Think of this, my insurance dropped when I went from my GTO to my C6. The average buyer of a C6 is a guy in his late 40's to late 50's that buys it for show. 9 out of 10 never put their car on a track, and most don't ever go past half throttle more than the one time they do it to find out what it can do.
 

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Thanks Judge. I spoke with my insurance agent and got some good new and some bad new.

The Good:
My policy is March to March, the accident was reported on April 1st. They cannot raise my rates for a year, at which point the previous single vehicle accident will be totally expunged. Also the "ran a yellow light" BS ticket I got in MA won't count on my PA license.

The BAD:
I pay $900 a year currently for insuring a 97 Cadillac STS that no longer exists. To move up to a GTO, regardless of driver history, would cost $1783/yr. My agent says to expect a premium of up to 30% next year. This would total $2317.90/yr. or $193.16/month. OUCH. That's not including that fact that I'm actually a MA resident now and need to change my license/registration/insurance to reflect this.

A car payment coupled with increased rent from the new place, coupled with a huge insurance payment wouldn't kill me, but it would sting a bit. I hate to say it but I've started to consider STI's and EVO's. GTO as my only car in Mass would have been worth the impracticality I think, but AWD is a nice feature up here.
If it were me I'd probably have to look for another vehicle. As much as you may like and want a GTO, I don't think having one is worth what it would cost you in insurance. But it's your money.
 

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If it were me I'd probably have to look for another vehicle. As much as you may like and want a GTO, I don't think having one is worth what it would cost you in insurance. But it's your money.
Yeah I hate the idea of not living beneath my means. I did just see a 2002 CLK 55 AMG for $26-27K with 60K miles, and according to The Goat's link it's rated as A, 30 or 40%, and C I believe. Way cheaper to cover than a GTO and a very nasty car. Also considering an E55, an STI (04 or 05), an Evo 8 or 9, and the G35 coupe. Any opinions or concerns on these cars?

edit: of course maintaining an AMG without a warranty would most likely not be beneath my means... damn.
 

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So I broke down and bought a practical car last week, a rwd G35 sedan with low miles, got a good price on it and it really handles corners. Nice acceleration, especially mid range 40-80mph with light throttle. Fairly luxurious but no Caddy, it has a mild case of Japanese mystery rattle disease on sharp bumps/potholes.

A far cry from the 06 GTO I had my heart set on, but a much smarter choice with my insurance situation and other bills. Also my roommate just took delivery of his 07 STI which I've had the pleasure of beating on a few times already and it is scary (don't worry, it was slightly used w/ 5700 miles- all broken in). I think I would probably kill myself in either a GTO or STI up here, and sitting in Boston traffic all the time in a car like that would be like having your balls removed and make you more likely to do something stupid at any rare opportunity to floor it.

One day though, probably not for a year or two when I have some garage space, my insurance calms down, and I move away from these sh!tty roads and horrible traffic, I'll buy my goat.
 
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insurance

it pays to be old,, I have several vehicles... 2005 GTO,, 2007 Jeep Wrangler Sahara,,, 1988 Chevy P/U,,,,2007 Honda Repsol CBR1000RR sport bike,, 2006 Harley Vrod Night Rod,,and 1978 kawasaki KZ1000Z1R . I have full coverage on all except for the Pick up, and I pay just under $2,000.00 for all of them per year
 

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it pays to be old,, I have several vehicles... 2005 GTO,, 2007 Jeep Wrangler Sahara,,, 1988 Chevy P/U,,,,2007 Honda Repsol CBR1000RR sport bike,, 2006 Harley Vrod Night Rod,,and 1978 kawasaki KZ1000Z1R . I have full coverage on all except for the Pick up, and I pay just under $2,000.00 for all of them per year

hmmmmmm, I have multiple vehicles as well and my insurance is very reasonable. However.... it pays to be old?

I 'd trade it all to 21 again. Many wouldn't but I would. The joint's wouldn't ache anymore, the back would be in better shape, I wouldn't worry about the gray hairs infiltrating the brown, and the bald spots that will eventually form, I wouldn't care as much about the economy and what moron is going to lead the country next. I'd be buying more things for the short term rather than worrying about my 401k deposits, :willy: And, as I age, the women in my age bracket just don't look as nice as the ones in the 20's. When I was young I craved being with an older woman for "some" fun. Now I dream about being with younger. :willy: :willy:

I'd take the 1970's all over again in a heartbeat. The Bee gees and all. LOL
Now a days, as long as I can get out of bed it's a good day. Being 21 again, it's all good.

For me, I'd trade it.
 
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Not me,, I would not want to be 21 again, when I was 21 I was in Viet Nam, and now at 58 I am happy, healthy, and retired, NO MORE WORK EVER, got as great pension and a very good early retirement package from Pratt and Whitney Aircraft, house is paid and all my vehicles are paid for, Single , free and happy
 

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Not me,, I would not want to be 21 again, when I was 21 I was in Viet Nam, and now at 58 I am happy, healthy, and retired, NO MORE WORK EVER, got as great pension and a very good early retirement package from Pratt and Whitney Aircraft, house is paid and all my vehicles are paid for, Single , free and happy
I don't blame ya. I was fortunate, the draft ended 1 year before I turned 18. I am happily married 29 years and managing but...... I'd still roll the dice again.
 
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you have to expect a rather high insurance premium on this type of car.. it is not a VW bug,,,people should call their insurance company and others 1st and get a quote,,
 

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you have to expect a rather high insurance premium on this type of car.. it is not a VW bug,,,people should call their insurance company and others 1st and get a quote,,
I totally agree, this was a major concern for me since I just increased my rent significantly, had no car payment until now (paid off the old one a while ago), and was registering in MA. It ended up being only around $200 more per year, but included the car payment and rent increase, $8300 more per year :(
 

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I have stated this many times in the past and with concerns regarding insurance premiums it's worth repeating....

As tempting as it seems to go with minimum coverages and carriers that promote them like Geico, Safe Auto etc... You are rolling the dice when trading cheap rates for proper coverages. Those bargain rates are only good if you are not involved in an accident. If you go with minimum coverages that do not cover you properly for damages caused by you, or fail to have adequate personal coverage if you are hit by an under insured driver you will find out the hard way why you should not sacrifice bargain rates for adequate coverages.
 

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I have stated this many times in the past and with concerns regarding insurance premiums it's worth repeating....

As tempting as it seems to go with minimum coverages and carriers that promote them like Geico, Safe Auto etc... You are rolling the dice when trading cheap rates for proper coverages. Those bargain rates are only good if you are not involved in an accident. If you go with minimum coverages that do not cover you properly for damages caused by you, or fail to have adequate personal coverage if you are hit by an under insured driver you will find out the hard way why you should not sacrifice bargain rates for adequate coverages.
Definately, I have full 100/300 coverage for everything, with 500/500 deductibles. What happened was I moved fast enough that the recent accident hasn't been processed yet. No fault has been assigned, nothing on my record. Next year will be a different story, but it's good for now.
 
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