So I found a very nice FR-S and was about to call in for a test drive

[David C]

$22k 2015 FR-S white fully loaded auto only 8000km, figured if the car was as advertised, could maybe deal it for $20k cash, pay $3ktaxes to the government, $265/year for plates and sell it $18k in two years.

Except my insurance company wanted $1 800/year.

The end.

[ern-diz]

LOL!

[kimona]

Short story.

[NYC-SE]

That doesn't seem too bad. Of course I'm comparing it to NYC rates. I pay $1500 for a 2014 Yaris, and I'm 51 years old with no at fault accidents in 33 years of driving.

[David C]

Short story.



Wait till you hear the one about me betting $4k on black at the casino.

[tmontague]

That's not a bad rate. You don't want to know what we have to pay in Ontario, the insurance/gov't collusion is very real.

I'd be happy with that rate

[David C]

That doesn't seem too bad. Of course I'm comparing it to NYC rates. I pay $1500 for a 2014 Yaris, and I'm 51 years old with no at fault accidents in 33 years of driving.



Proportionally speaking of the rates, if you do cost to premium ratio, the FR-S gets a lot better coverage for 9% of its purchase value while my 2007 Yaris has less coverage but the premium is 13% of the car purchase value. I pay $550 including some extra for full replacement cost of all the audio and gear I added to the car.

[David C]

tmontague, if you foot the insurance cost, I'll let you be second driver on it ;)

[SirDigby]

that's insane prices! i pay $838 a year for full coverage plus glass. (07 yaris)
my licence has been suspended twice in the past for speeding tickets.
no accidents. live in CO
hahaha! i just checked what adding a 2015 Scion FR-S with full coverage would run.
it adds $99.18 to my current coverage for the year.
hahaha!

[David C]

Now we're talking business. $99.18 a year is where I'm joining that party

[sickpuppy1]

I'm 62 and living in Kansas, with no tickets or wrecks (that were my fault)......
527.00/yr full coverage with a 250 deductible.

[ern-diz]

I'm in SoCal and pay about $720 a year for my Yaris. That's with my better half and her mom's car on the same policy, and a low miles discount.

[David C]

When I was on the phone with the insurance agent, she too was surprised at the high premium for the car. She said that the most likely reason was the model being discontinued, as it didn't showed as a sport car or any expensive insurance category, it was listed in their system as a 2dr coupe, daily-driver car, same as my 2dr HB. We ran the same data using the Subaru BRZ, and the BRZ premium was actually $200 cheaper than the FR-S, despite being less popular on our roads and more expensive. A 2013 FR-S was also similar to a 2015 one, so it's not linked directly to being a newish car apparently. I would have considered it at $1k incl. taxes, because I would really have put enough miles on it to make it worth spending, but if I have to pay $1800, it means that I'd have to trade the time I would have spent behind the wheel for time spent working making that extra money, so I would have ended with a car but without much time to enjoy it.

[Kaotic Lazagna]

I believe there was a contract that Toyota would sell more FRS than BRZ. Because of that and the lower price, more (younger/inexperienced) drivers bought and eventually wrecked them.

Part of insurance rates is how likely will that model be wrecked. So that's why my insurance on my FRS goes up every year, because some douchebag keeps crashing theirs. Some idiot in a RS1.0 recently crashes it into a house (75% into the house, displacing the home owners) in SF. Being local, I'm sure that's going to hit my premium.

iirc, I'm currently paying $2k a year for full coverage on the FRS and liability on the Yaris. I can't remember the break down tho between the 2 cars.

[Kalispel]

$834/year here for my 2015 Yaris (the only car on my policy). Full coverage - $50 deductible - never had to file a claim with my auto insurance company since I started driving in 1982.

[ern-diz]

$834/year here for my 2015 Yaris (the only car on my policy). Full coverage - $50 deductible - never had to file a claim with my auto insurance company since I started driving in 1982.

$50 deduct is nice

[babydriver]

$834/year here for my 2015 Yaris (the only car on my policy). Full coverage - $50 deductible - never had to file a claim with my auto insurance company since I started driving in 1982.

wow didn't know there are such rates. lucky you

[greyg00SE]

$668/year for 3 cars. All liability, so I guess it doesn't count..

[David C]

I just met with a young man (~19yo) who got the JDM/Stance bite and bought a sweet 1996 Miata NA hardtop for cheap and is learning about cars and mechanics by dropping it and giving some outrageous camber and stance to the car, quite a nice fellow. Asking how much is his premium for full coverage and I was shocked, only $550. Of course he has his dad on it too, but still the sporty Miata cost him less than his beat up student daily driver (a subcompact 5dr hatch) or the old Kia Forte sedan of his dad.

Maybe I should get a Miata too xD