Insurance rate for MS3 vs. EVO X GSR
- Thread starter 15min5k
- Start date
oaklandopen
Member
when i called up my insurance company they didn't even know what the speed version was. i told them it had a little more hp than the regular 3 did
My insurance company was the same. I was paying very little for the first 6 months. The insurance card listed my MS3 as a regular 3 hatchback. They eventually caught it and my insurance went up by $30 a month.
mazdaspeedster3
Member
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- Mazdaspeed3. 2008
That is still expensive. If I paid more than $100 a month I wouldnt drive it, simply not worth it IMO.
zoomzoom02
Member
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- Protege ES
Wow if i had that opinion i wouldn't have driven anything in the last 6 years. My insurance was as high as $2865 For SIX months for my ES. I finally got down to $550 !
$200.00 for insurance is like a car payment? Yeah for a cheap 10-12k car perhaps or if you put like 17k down on a 30k car sure. All of this is relative anyway, I only wanted to give people a general idea of how expensive it might be for them to insure an EVO if interested. Also, what might be expensive to person A might not be expensive for person B. It's all relative, not all of us make the same salary, have the same expenses, etc. To me $200 per month for insurance isn't much. Now if it was like $350 per month I'd be shopping around for a different car probably.
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when i get my protege from the dealer, my insurance was 240 a month. just about the same as my car payment. ha
i have a feeling it was because my license/record wasnt clear yet, because im only paying 141 right now for full coverage. got the car back in Oct. 06. Some points had not cleared off my license at the time i had gotten the car and i had to wait till they did.
i have a feeling it was because my license/record wasnt clear yet, because im only paying 141 right now for full coverage. got the car back in Oct. 06. Some points had not cleared off my license at the time i had gotten the car and i had to wait till they did.
for my spec v is 195.80, for a ms6 it would be 174.xx, and for a ms3(they only had the i and s as models by the engine size, and he put it as a s, and it was 163.xx. I'm most likely going to get a ms6, but im 24, and I have no speeding tickets, but I've had 1 accident about 4 years ago, but I wasn't at fault(i got hit). I think it's too much, and I've been looking to change companies. I've been with geico and progressive only. my sister keeps telling me to go to state farm. anyone else on here whose 24 and hasn't had a ticket or accident at fault paying way less than I am. My sister is 25 and she pays like $93 for her 06 elantra and had an accident at fault a month after my accident(not at fault). any idea on why this is? im paying $100 more and this is with progressive.
Nismothecat
Member
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- 08 Mazdaspeed3
damn i only pay 71 dollars a month for my MS3(06 GTO was only 10 bucks more a month). I am 30 that may have something to do with it.
btw i have State Farm
btw i have State Farm
There's an assload of factors that they use to determine your ins rate.
I wish my insurance was under $100, but it seems 25 is the magic number. I dont even think my minimum coverage would be 71
i have good credit too, so what other factors are there. I know where I live, they charge out of the butt cause my sister's dropped $12 when she lefted. That's just not right. it should be the same no matter where you live. that's just bs to me.
sadly i pay 125 month... but im also still under that golden number of 25, i cant wait for that day.
there are literally thousands of factors that can be used to determine your rate. the big ones are location, driving record, vehicle being insured, credit score (insurance score technically, same thing though, also not allowed in every state), age, sex, and past claims. then you're also going to get huge variances from company to company depending on each company's appetite for the risk you represent.
and saying location should have no bearing on insurance tells me you don't really understand how insurance works.
another big factor that typically gets ignored when these conversations come up are coverages. they have a huge effect on what you pay. saying "i pay $xxx for my insurance" literally means nothing. play around online and see what happens when you go from a $500 deductible to a $1000 deductible. if what you want is a low monthly payment that's certainly going to help. the OP did a fair comparison getting the same quotes on 2 different vehicles. he would find variance if he went to different insurance companies but that at least gives you a ballpark number
some companies yes, some no. some are 23. it depends on how sophisticated the rating engine of the company is. they used to basically step things so when you hit 25 you'd take a step down. now it's more like a continuous slope because of more computing power and more sophisticated rating engines. though that greatly depends on the company and some are still in the "step" way of rating things
Yup, my car note isn't much more than that, but I'm the kind of person to put down $10k because a lien at 4.99% means I pay more interest than I would earn at prime (which today is 3.25%).
But really it's the principle of the thing. I was in the insurance industry for years, so seeing how things work behind the scenes, my take is that insurance is largely a scam. And paying ~$200/month for insurance on a car is highway robbery, no pun intended. It's not about what a person can afford, but instead what someone should pay. I could afford a $5,000 Rolex, but the fact that my $150 Seiko looks nice and tells me the time just as accurately means the Rolex is way too extravagant an expense to justify. Kinda like Barrett-Jackson auctions.
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Why? Auto theft rates are different in different areas. Even accident rates are higher in some areas (a snowy climate vs. one that's sunny year round, for example).
By your logic everyone should pay the exact same amount for insurance regardless of their driving.
