rustrocket Posted July 19, 2004 Share Posted July 19, 2004 Alright, I've owned 6 z's before, but they weren't daily drivers, and i had to sell them due to financial obligations, girlfriends who refused to ride in the cars, or neighbors who kept calling the city to tow my cars. Anyhow, i just picked up another z to replace my daily driver. I got an awesome deal of $1000 for the car. Anyhow, my question is: is it worth getting comprehensive and collision (both with $500 deductibles) for a car that only cost me $1000 but eventually will have much more into it? What do you guys suggest? Thanks for the input. -rustrocket Quote Link to comment Share on other sites More sharing options...
rustrocket Posted July 21, 2004 Author Share Posted July 21, 2004 Somebody on this forum MUST have their car insured... Quote Link to comment Share on other sites More sharing options...
SpeedRacer Posted July 21, 2004 Share Posted July 21, 2004 Yeah but mine is insured with Hagerty @ $35,000 repacement value so I can't be much help. Ask youself this: If it got totaled what would you want from your insurance company? Quote Link to comment Share on other sites More sharing options...
datsunlover Posted July 21, 2004 Share Posted July 21, 2004 Well, sometime in the next 15 days I have to get my car apraised for my Ins Co. I'm kind of curious as to what the guy will apraise it for... But right now, my car only has liability on it. I can even GET comprehensive/colision without this apraisal. As of now, it's just an old car, and they would go by whatever the 'book' value says. In my case, that's about $400. Yah, I've got $4000 into mine so far, and I've only had it for a year Maybe you should get it apraised.. and go from there? Quote Link to comment Share on other sites More sharing options...
rustrocket Posted July 21, 2004 Author Share Posted July 21, 2004 Datsunlover - thanks for the tip, how much do appraisals cost these days? Is there any cheap way to increase the value of the car, just for appraisal purposes? Bolt ons, etc...? Quote Link to comment Share on other sites More sharing options...
Phantom Posted July 21, 2004 Share Posted July 21, 2004 My car carries full insurance. The advantage of even large deductible full insurance is that the insurance company will represent you in an accident but will not if you only have liability. Also -you should carry uninsured motorist - that is as important as liability. Depending on your driving record and age it shouldn't be too bad - maybe $125/month? Quote Link to comment Share on other sites More sharing options...
Tim240z Posted July 21, 2004 Share Posted July 21, 2004 Keep in mind that unless you have agreed value coverage, then the 'total out' value of the car will only be around $1500. So if the cost to repair approaches or exceeds that, the value of the insurance is not worth it. I have agreed value coverage for $20k with my insurance company. Tim Quote Link to comment Share on other sites More sharing options...
rustrocket Posted July 21, 2004 Author Share Posted July 21, 2004 For full coverage (comprehensive, collision, uninsured motorist, etc...) its $121 a month. I might as well get the car appraised, and go for the whole 9 yards. Quote Link to comment Share on other sites More sharing options...
Guest RCNSC Posted July 21, 2004 Share Posted July 21, 2004 Must be nice to have such low rates. Thats lower than my liability. 1800/year. 17 years old, ticket for 64/40.... It sucks. Quote Link to comment Share on other sites More sharing options...
Tim240z Posted July 21, 2004 Share Posted July 21, 2004 The advantages of age!! My $20k coverage is <$400 per year.... Quote Link to comment Share on other sites More sharing options...
auxilary Posted July 21, 2004 Share Posted July 21, 2004 was it the black one, or the primered gray one with the holley 390 carb? Quote Link to comment Share on other sites More sharing options...
rustrocket Posted July 21, 2004 Author Share Posted July 21, 2004 Tim - *sigh* the perils of being young ... Even with my multi-car and loyalty discounts, and "weekend driver" (less than 7k a year) rate, mine is still high. RCNSC - At 17 years old, it helps a lot to have a "good student discount" or the equivalent. One z i had back in highschool (one of 9 cars i drove senior year) had full coverage, good student discounts, and it was costing me $80 a month. If being young and having high insurance is the worst of your problems, consider yourself lucky. Quote Link to comment Share on other sites More sharing options...
WickedWild Posted July 21, 2004 Share Posted July 21, 2004 When I was 20 I bought a new Jeep TJ and my driving record was so bad that my insurance rates were higher than my payment on a 19K note. But I’ve been a good boy sense then and my insurance cost less a year now than it did a month then. Quote Link to comment Share on other sites More sharing options...
Mike kZ Posted July 21, 2004 Share Posted July 21, 2004 The advantages of age!!My $20k coverage is <$400 per year.... My $20k coverage is <$332 per year........Ha!! Quote Link to comment Share on other sites More sharing options...
Phantom Posted July 21, 2004 Share Posted July 21, 2004 Double hah! I can get that kind of coverage for $165/year but I want to be able to drive the car more than 2,500 miles/year and park it somewhere other than my garage. Full liability, uninsured motorist, medical, and $200 deductible collision and comprehensive are running me about $720/year. Quote Link to comment Share on other sites More sharing options...
Tim240z Posted July 21, 2004 Share Posted July 21, 2004 Hey...you MOFOs don't live in Southern California!! Prices are crazy here because car theft is real bad, and lots of uninsured drivers and 'undocumented aliens' driving around in POS cars that are unregistered and uninsured...... Quote Link to comment Share on other sites More sharing options...
Mike kZ Posted July 21, 2004 Share Posted July 21, 2004 Double hah! I can get that kind of coverage for $165/year but I want to be able to drive the car more than 2,500 miles/year and park it somewhere other than my garage. That price is for a stock Datsun, If I said mine was $20k and stock it would be $174/year. But modified brings it to $332/year Quote Link to comment Share on other sites More sharing options...
Phantom Posted July 21, 2004 Share Posted July 21, 2004 Nope - mine was for the highly modified version I have with an estimated value of $25K. That was a few years ago so it has probably gone up some. I do love USAA! Quote Link to comment Share on other sites More sharing options...
rustrocket Posted July 21, 2004 Author Share Posted July 21, 2004 I hate to even think about how much my insurance company would charge me if i had $20,000 and a "modified" Z. I might as well bend over now and prepare myself for it, it wont be too long before it comes to that point (but probably not close to 20k). Quote Link to comment Share on other sites More sharing options...
Ben Posted July 24, 2004 Share Posted July 24, 2004 $20kAUD, 4000km year, $700AUD premium. Not covered when racing, so I've been told to make sure it gets damaged 'on it's way too/from the track' Will be bumping it up to around $35kAUD when it's 'more' finished. You have to ask 'How much is it worth to you?'. My Z owes me about $40kAUD so far, but I'm prepared to have it insured for a bit less at this stage. Quote Link to comment Share on other sites More sharing options...
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