Dear all,
I asked insurance quotations for a V6 (2011) and a V8 (2005).
I am surprised that they are almost the same ($40 of difference).
Some of you made an argument than the insurances for V6 were much lower... It does not finally seem significant... any thought on it?
Best
JM
There are so many factors to consider for instance it's hard to compare with the generic information.
But just given the information you posted Since the 2005 is older then the 2011 that probable plays into some of the difference. I am sure a 2011 gt would be more then the 2005.
It seems like people pay anywhere from 30-180 a month for coverage so as a percent it is a fair amount more. For some people when you factor in the extra gas, higher priced car, and extra 500 for insurance it can get to be a lot depending on ones income.
If you have Collision on both cars, Collision will be much cheaper on the older car as there are quite a few years difference between the two. Comprehensive will also be quite different for the same reason. You really need to break it down and see where the differences are. Is Liability similar between the two?
Then thats not hardly anything. I will call my ins guy tomorrow and have him give me a rate with exact same coverage but on a 14 gt... got me curious now
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The difference between my 14 v6 after trading in for a 14 gt was a measly $6 increase. Full coverage for my wife's caddy and my mustang is about $128 a month.
Newer cars usually have higher insurance rates. More expensive vehicle. Just like registration, both of those usually go down with time as the vehicle gets older.
It depends on your age, the state you live in, driving record. Insurance Company,
I can tell you for a fact that my insurance on my V6 is less then 1/2 of what a V8 would cost me here in Florida. That was back in 2011 when I bought my 2012 MCA.
But if I wanted a V8, I would pay the premium to have it. Ronnie
All I know is my 09 GT Vert insurance is more than my 2015 Nissan Murano Platinum for the same coverage. I was shocked. A $14k car vs a $43K car, and the $14K is more??
True, but the comparison should still be relative. In other words a 14 v6 will cost a lot more in Chicago, so the GT would likely still be only marginally higher.
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There are so many factors to account for when calculating insurance its impossible to predict and apply 1 persons difference of 2 car quotes to everyone. For example if someone is a 40 y/o male and married a V6 might be 40 a month and a V8 might be 45. But for a single 18 year old kid it may be 70 and 130.
Insurance is all calculated by putting people into groups based on risk of accident/ claims based on a particular type of car. I remember getting quotes on my last car and a corvette was like 30 dollars less then a Mustang GT despite being a much more expensive and fast car.
Who really cares, Get the car you want and buy your insurance and enjoy the heck out of driving it.
Cars take gas so buy good gas at the octane you want.
Cars take oil, Get god oil and change it your self or do like I do, Go to a good dealer and get it done when needed.
Trust me when I tell you that life is way to short to worry about the cost of living.
Get what you want and pay for it and don't worry about the small crap.
You want a V8 - Get it
You want a six - Get it.
You want a corvette """DON"T DO IT""" Get A Mustang, you will be much happier. Ronnie
Ah ah ah thanks everyone. I laughed at the last one. You're right. I am thinking too much. But the search is good and part of the experience, right? number 2, it is a great move from my die-cast mustang collection to a true one. And now, I understand all those who have at least two mustangs. One GT (2005-2006, please, with the side louvers) and one V6, more recent, premium, 2011, for the cyclone (and heating seats!!!). Ah. Manual transmission. Burgundy. The silver line on the front. Any seller?
Ah ah ah thanks everyone. I laughed at the last one. You're right. I am thinking too much. But the search is good and part of the experience, right? number 2, it is a great move from my die-cast mustang collection to a true one. And now, I understand all those who have at least two mustangs. One GT (2005-2006, please, with the side louvers) and one V6, more recent, premium, 2011, for the cyclone (and heating seats!!!). Ah. Manual transmission. Burgundy. The silver line on the front. Any seller?
I really hate this mentality. I mean really, this is the stuff saved for little men playing with oversized trucks, isn't it? My point is, a Mustang is a sweet ride no matter how many cylinders it's packing. Hell, my 14 sixxer is as fast and handles better than a GT of 10 years older (which is still a sweet ride), but their Pony is "real" and a sixxer or a 4-banger isn't?
I read an article about a dealership in Ohio that was selling brand new GTs with 735 hp for $40k. They were installing a Ford supercharger that didn't void the warranty and not charging install fees. Basically, some people are getting bone stock GTs (minus the SC) that have more power than a Hellcat. I wonder if they would laugh at your 435hp NA GT... Hmmmm. :whistling:
You and me both. I was 23 with a '13 5.0, no prior wrecks or tickets, $500 deductible, and pretty good coverage. My wife (GF at the time) was 23 with a '14 v6, same coverage, same company and there was a $40 difference between our cars.
Granted, i got some quotes that were insane, some as high as $500 a month lol... which was more than my note, a lot in the $250-$300 range, but i went with Geico who ended up being $170 a month.
I told the lady she got my quote wrong, that i had a v8 and she'd gotten me a quote for a v6, but she assured me it was the v8. Her response was: "Well, we dont consider the mustang to be a sports car, so it falls in a cheaper category" lol. I was like "listen here lady.... no, no, you're right."
My 2012 Mustang V6 with full coverage and UMC
My 1088 suzuki samurai liability only
Both cost $477.00 every six monthes
If my 2012 Mustang was a V8
Both will cost me $765.00 every six months
This is right from my insurance agent
It may or may not be different in Iowa but I live in Daytona Beach, Florida
Plus, If I wanted a V8 Mustang, I would pay up to have it.
It all depends on your insurance Company and age and where you live.
Money is a never ending cycle of life and you need to use it to enjoy living,
You sure can't take it with you so buy the Mustang you want and don't worry so much about what it cost you to enjoy it. Ronnie
If they do, apparently the GT isn't on enough roids apparently lol
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