Car Insurance Prices?

**Terminated** · 05-14-2008, 06:14 PM

Hey guys. I'm looking at getting a stang within the next year or so here. One of the primary reasons I haven't bought one yet is the fact that my insurance would be as much as, if not more than, my car payment. I'm 24, have good credit, one ticket (for red light) in past 3 years, and I'm getting quoted around $200-250/mo. for an 03 Cobra.

Now I know a GT would be less, but I still think that is high for me. I wanna know what you guys are paying for insurance on your rides.

If you don't mind giving info, just like your age, if you have any accidents/tickets, and how much you're paying. I'd really appreciate it, so then maybe I can get a better understand on why insurance is so high.

I think I should be dropping next year when I'll be 25 and my ticket will drop off (got it April 2006).

Thanks in advance

Dan

**Stangman701** · 05-14-2008, 06:18 PM

When I was 24 my insurance was around $140/mo. through progressive. Now I'm 26 and own a house(went down for both those reasons) and it's just over $100/mo.

**Slow01GT** · 05-14-2008, 06:48 PM

Last year I was quoted around $110/month for an 03 cobra. I was 24 at the time and have a good credit standing and a fairly clean record. I pay around $60/month for my 01 gt

**SV1000s** · 05-14-2008, 06:56 PM

$90/month 06 GT 29yrs old.

**2001GTTT** · 05-14-2008, 07:23 PM

Originally Posted by Slow01GT

Last year I was quoted around $110/month for an 03 cobra. I was 24 at the time and have a good credit standing and a fairly clean record. I pay around $60/month for my 01 gt

is this full coverage?

im paying 114 a month for full coverage on my 01.

**Inkdcountryboy** · 05-14-2008, 08:01 PM

Im 23 with 3 wrecks and a handful of speeding tickets $100 a month fullcoverage on my 2001 GT

**Slow01GT** · 05-14-2008, 08:52 PM

Originally Posted by 2001GTTT

is this full coverage?

im paying 114 a month for full coverage on my 01.

Yes thats full coverage through State Farm. Your age is whats hurting you. I was 21 when i got the car and was paying about $100/month so your's isn't too far off.

**travj31** · 05-15-2008, 09:35 AM

25 with a 2004 GT convertable- full coverage is right around 650 a year/55 a month with a 3 month layover through Erie Insurance. I also have my house and Ranger insured through them which gives a little better discount

Food for thought... Most insurance companies don't give you a break until you are 25 or married, Erie gives you the discounted rate at 24.

Something else...When I bought my car a year ago, I was looking at a supercgarged 01 Saleen. The price difference in insurance between Saleens and Cobras was pretty drastic. If the Cobra insurance is too much, you might want to look for something like this....IF it would fit your needs/wants

**schiavon8241** · 05-15-2008, 03:13 PM

haha wow guys. im 21. ive had 2 accidents. 1 being my fault. and a few tickets all from mt. lebanon cops. my insurance in 506 a month.... yes. 506 a month

**Stangman701** · 05-15-2008, 03:16 PM

Originally Posted by schiavon8241

haha wow guys. im 21. ive had 2 accidents. 1 being my fault. and a few tickets all from mt. lebanon cops. my insurance in 506 a month.... yes. 506 a month

Dude, buy a freakin bicycle

**Terminated** · 05-15-2008, 03:20 PM

Wow, then I don't feel quite as bad. I'm thinking next year it should drop by 1/2.

Trav, was the Saleen cheaper than the Cobra in insurance or more?

**03 OW SVT** · 05-15-2008, 04:00 PM

Originally Posted by schiavon8241

haha wow guys. im 21. ive had 2 accidents. 1 being my fault. and a few tickets all from mt. lebanon cops. my insurance in 506 a month.... yes. 506 a month

Damn I hope you have a good job. If i had to pay that much I think I'd walk or take a Taxi.. Hell a Taxi would be cheaper. Ouch

**Stangman** · 05-15-2008, 10:29 PM

ha ha he he...I'm 35. Lost my license for 15/1/2 years. Wasn't due back til 2030 something. Paid a lawyer $8,800 total so that I could get mine back before my daughter got hers. ( just made it ) and now pay $190.00 a month for full coverage on my 02 GT. 1 accident in the last 3 years..and it WAS NOT even my fault.

**steedafied** · 05-15-2008, 11:35 PM

when the insurance company sees stangman701's pic, his will go up too, LOL

**John4cam** · 05-15-2008, 11:54 PM

I'm looking @ my bill for this month right now, $45.22 for 98 cobra full coverage, Lol, my 87 is $9.34 a month but is on withdrawn from use. I am 26 and a homeowner if that does make a difference. State farm

**yellowstang03** · 05-16-2008, 12:26 AM

i pay 500 a year for full coverage and im 20 years old all in my name my own policy but its a second vehicle which they think is low mileage. and my crown vic its 1200 a year for just liability...

**schiavon8241** · 05-16-2008, 04:48 AM

wow...

im gunna have to copy a pic of my insurance monthly bills and post it up.

SUCKS FOR ME

**scott5** · 05-16-2008, 07:42 AM

i paid around 100 month (19) on my first 95 around 80 on my second one (20) and around 90 on my current 95Z and 25 on my 89 4 banger. haha

**Terminated** · 05-16-2008, 10:01 AM

Maybe that's my problem. I'm requesting quotes like it's the only car I'll have on my statement, but I'll have my Cavalier as a primary vehicle which should be low.

**travj31** · 05-18-2008, 02:18 PM

Originally Posted by dannythekid

Wow, then I don't feel quite as bad. I'm thinking next year it should drop by 1/2.

Trav, was the Saleen cheaper than the Cobra in insurance or more?

Sorry I'm just not getting back to you, I was out of town for the weekend... The Saleen was a good bit cheaper, for whatever reason the HP #'s weren't registering with my insurance company.