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How much would i pay for insurance for a 350 z?
I'm 19 but I'm not planning on buying the car until after my 20th birthday. I have statefarm and I am under my parents insurance. I'm looking for a 2003-04 350z. I know I would be able to afford the monthly payments on the car easily, its the insurance that's scaring me. Please help. How much are they gonna charge me? No tickets, no wrecks, never been pulled over
5 Answers
- AlexxaLeeanneLv 48 years ago
Your user name is Eddie so I'm assuming you're male? That's a key factor. Insurance rates don't drop until you're 25, going from 19 to 20 doesn't make a diffirence. A 350z is a sports car, so that will be another thing that raises the price. The best thing to do would be contact state farm and ask for a quote. Without knowing what kind of coverage you'd be getting on the car (ex how much liability coverage, will you have rental car coverage?) it's hard to give a ballpark. Just call and ask your insurance agent, I know my Allstate agent was able to give me an easy answer over the phone before I bought my car, state farm should be able to do the same thing.
Also, this is sneaky, but it worked for me when I was still on my parents insurance. If you tell the insurer the car you primarily drive is one of your parents cars (assuming one of their cars is less fancy/more practical than a 350z, or at least has 4 doors instead of 2) you will still be covered for driving all cars since it is a group plan, but you will be charged a little less than admitting you are primarily using the sports car. Again, this isn't totally honest and I'm not even sure it's legal, but my mom did it, our agent actually suggested it as a way to save a little after I totaled my first car (granted it wasn't a coupe, and we had an old beat up extra truck on the plan without full coverage on it that would be cheap to insure anyway). Since you haven't had an accident though, Id imagine this would help a little.
Goodluck!
- AnonymousLv 78 years ago
As long as you pay cash for the car, and don't need "full coverage", you'll be paying about $3,000 a year to insure this, minimum liability only.
State Farm isn't going to insure a 350Z with a youthful driver. You'll be going to a high risk company for that.
Since you're talking about "monthly payments" on the car, you are planning on a loan, which means you'll need "full coverage" and it will be about double that - $500 a month, to be safe.
If you can't afford the insurance, you can't afford the car - and at 19, buying that car, you're probably paying an astronomical interest rate, and you're probably also overpaying for the car, more than it's worth. You're getting robbed, all around.
One last thing to point out - if the title of the car is in your name, and the loan is in your name, the insurance must ALSO be in your name - not your parents.
- Casey YLv 78 years ago
Get a VIN number for a vehicle similar to what you want to buy and ask your parent's agent to run a quote.
To stay on your parent's policy, the car will need to be in their name. You will likely have to shop your insurance (which you should do anyway) as State Farm probably won't take you (or charge way more) as a youthful operator.
- ?Lv 78 years ago
Only State Farm can tell you that. Or you can shop around for quotes from other companies or from an independent insurance agent.
- rtfmLv 78 years ago
Just have your parents call their agent and ask. Or call them yourself. No big deal. That's what they're there for. They're the only ones who can give you an accurate answer.