insurance rates between V6 and V8 - Mustang Evolution

Go Back   Mustang Evolution > 4 Cylinder | V6 | Classic Mustangs || Tech and Talk > 2011-2014 V6 Mustang

Join Mustang Evolution Today


Reply
 
Thread Tools Search this Thread
Please support our sponsors and let them know you heard about them here!
Old 12-31-1969, 07:00 PM  
Guest
 
Posts: n/a
Post

  Reply With Quote Moderated Post
Old 02-13-2017, 05:17 PM   #1
Registered Member
Regular
 
Join Date: Dec 2016
Location: Silver Spring
Region: Maryland
Posts: 26
insurance rates between V6 and V8

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
John M S is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 02-13-2017, 05:35 PM   #2
Registered Member
Regular
 
Join Date: Mar 2014
Location: Charlotte, NC
Region: North Carolina
Posts: 984
insurance rates between V6 and V8

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.

Sent from my iPhone using Mustang Evolution
StarzTA17 is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 02-13-2017, 05:39 PM   #3
Registered Member
Regular
 
Hawkstang's Avatar
 
Join Date: Jul 2015
Location: Sioux City
Region: Iowa
Posts: 1,015
$40 per month? Thats nearly double of what I pay for my 14 v6

Sent from my SM-G930V using Mustang Evolution mobile app
Hawkstang is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 02-13-2017, 07:48 PM   #4
Registered Member
Regular
 
jkeaton's Avatar
 
Join Date: Jun 2016
Location: Winston Salem
Region: North Carolina
Posts: 592
Quote:
Originally Posted by Hawkstang View Post
$40 per month? Thats nearly double of what I pay for my 14 v6

Sent from my SM-G930V using Mustang Evolution mobile app
He said there was a difference of $40 between the two. Not $40 a month.

As stated, many factors affect insurance rates. My 05 V6 is cheaper than my 03 GT by about $50 every 6 months.
__________________
03 GT Convertible, 5-speed
07 V6 Coupe
jkeaton is offline   Reply With Quote
Old 02-13-2017, 07:56 PM   #5
Registered Member
Regular
 
Hawkstang's Avatar
 
Join Date: Jul 2015
Location: Sioux City
Region: Iowa
Posts: 1,015
Yeah I know what he said... Im asking him if its a $40 dif per MONTH. Some of us pay 6 months at a time.

Sent from my SM-G930V using Mustang Evolution mobile app
Hawkstang is offline   Reply With Quote
Old 02-13-2017, 08:12 PM   #6
Registered Member
Regular
 
Join Date: Dec 2016
Location: Silver Spring
Region: Maryland
Posts: 26
$40 of difference was for a 6 month period.
John M S is offline   Reply With Quote
Old 02-13-2017, 08:19 PM   #7
Registered Member
Regular
 
GrabberMeBlue's Avatar
 
Join Date: Jul 2013
Location: Somewhere
Region: Wisconsin
Posts: 1,665
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?


Sent from my iPhone using Mustang Evolution
__________________
2012 Grabber Blue V6 Convertible
1995 Red Trans Am Convertible
1979 Gold Trans Am
GrabberMeBlue is offline   Reply With Quote
Old 02-13-2017, 08:54 PM   #8
Registered Member
Regular
 
Hawkstang's Avatar
 
Join Date: Jul 2015
Location: Sioux City
Region: Iowa
Posts: 1,015
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

Sent from my SM-G930V using Mustang Evolution mobile app
Hawkstang is offline   Reply With Quote
Old 02-13-2017, 09:14 PM   #9
Registered Member
Regular
 
Cooolbreeez's Avatar
 
Join Date: Oct 2014
Location: Arizona
Region: Arizona
Posts: 710
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.
Cooolbreeez is online now   Reply With Quote
Old 02-13-2017, 10:03 PM   #10
Registered Member

Regular
 
Recon's Avatar
 
Join Date: Jan 2015
Location: Hopkinsville
Region: Kentucky
Posts: 5,935
insurance rates between V6 and V8

Really depends on your provider. Mine isn't bad at all on both of my 3V's.


Pick your poison.
__________________
Mustangalley.com
Mustang of the day,
July 12, 2015
Recon is offline   Reply With Quote
Old 02-13-2017, 10:33 PM   #11
Registered Member
Regular
 
Join Date: Dec 2016
Location: Silver Spring
Region: Maryland
Posts: 26
Yes both contracts are the same (to allow a comparison same provider, same conditions.
John M S is offline   Reply With Quote
Old 02-13-2017, 11:27 PM   #12
Registered Member
Regular
 
DiESeven's Avatar
 
Join Date: May 2014
Location: Richmond
Region: Virginia
Posts: 1,803
went from a 2014 v6 to a 2014 v8. my rates actually went down about ~$10 a month and i increased my coverage too.. lol
DiESeven is offline   Reply With Quote
Old 02-13-2017, 11:30 PM   #13
ME Bloodhound
Supporter
Staff
 
Soccerluvr4's Avatar
 
Join Date: Feb 2012
Location: Sacramento/Bay Area
Region: California
Posts: 14,539
Quote:
Originally Posted by John M S View Post
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
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.
__________________

Bullitt build paused pending graduation

HID end all thread
Soccerluvr4 is offline   Reply With Quote
Old 02-14-2017, 06:04 AM   #14
Staff

Regular
Staff
 
Strange Mud's Avatar
 
Join Date: Aug 2013
Location: Small Town
Region: Connecticut
Posts: 4,391
Compare the liability and collision portions separate to get a bit more info. I think the performance and value of both cars is similar.
__________________
"every one of you was going 50"
Strange Mud is offline   Reply With Quote
Old 02-14-2017, 01:25 PM   #15
Evolution's Finest
Supporter
 
ronnie948's Avatar
 
Join Date: Apr 2012
Location: Daytona Beach
Region: Florida
Posts: 3,782
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
__________________
2012-candy red- V-6 MCA, Automatic Trans. CFM Valve cover breather. MMD blackTail light trim.Magnaflow axle back street mufflers, JLT oil catch can.MMD hood struts.
Airaid Cold Air intake. red caliper covers, 3.7L performance engine cover, Flat black hood spears.Boss 302 strut brace, CDC rear panel, Trunk Cargo net,--Dash carpet cover,
Viser stickers to cover ugly yellow warning crap,Aluminum driveshafft and Swarr Bar.
ronnie948 is offline   Reply With Quote
Old 02-14-2017, 03:46 PM   #16
Registered User
Newbie
 
Join Date: Nov 2016
Location: Durham
Region: Maine
Posts: 2
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??
HJNelson is offline   Reply With Quote
Old 02-16-2017, 01:04 PM   #17
Registered Member
Regular
 
papivo's Avatar
 
Join Date: Apr 2015
Location: Havertown, PA
Region: Pennsylvania
Posts: 147
Quote:
Originally Posted by HJNelson View Post
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??

My 14' Mustang is more than our new MDX. Go figure.


Sent from my iPhone using Mustang Evolution
__________________
2014 V6 Convertible Ruby Red Tint, Borla S-Types
papivo is offline   Reply With Quote
Old 02-16-2017, 01:48 PM   #18
Staff

Regular
Staff
 
Strange Mud's Avatar
 
Join Date: Aug 2013
Location: Small Town
Region: Connecticut
Posts: 4,391
that says a lot about the driving skills of Mustang drivers......
__________________
"every one of you was going 50"
Strange Mud is offline   Reply With Quote
Old 02-16-2017, 02:32 PM   #19
Registered Member
Regular
 
Hawkstang's Avatar
 
Join Date: Jul 2015
Location: Sioux City
Region: Iowa
Posts: 1,015
Well I got my apples to apples quote... 2014 GT vs 2014 V6... $14 more a month. I stand corrected, not much of a factor after all in my case.

My GUESS is the V6 is over 300hp now which pushes it up into a closer class as the GT, but it's just a guess.

One less reason not to go GT next time around. lol
Hawkstang is offline   Reply With Quote
Old 02-16-2017, 02:39 PM   #20
Evolution's Finest
Supporter
 
ronnie948's Avatar
 
Join Date: Apr 2012
Location: Daytona Beach
Region: Florida
Posts: 3,782
Location is everything,
Iowa = less expensive
Florida = tooooo expensive
I wonder about places like NY City or Chicago.
__________________
2012-candy red- V-6 MCA, Automatic Trans. CFM Valve cover breather. MMD blackTail light trim.Magnaflow axle back street mufflers, JLT oil catch can.MMD hood struts.
Airaid Cold Air intake. red caliper covers, 3.7L performance engine cover, Flat black hood spears.Boss 302 strut brace, CDC rear panel, Trunk Cargo net,--Dash carpet cover,
Viser stickers to cover ugly yellow warning crap,Aluminum driveshafft and Swarr Bar.
ronnie948 is offline   Reply With Quote
Old 02-16-2017, 02:56 PM   #21
Registered Member
Regular
 
Hawkstang's Avatar
 
Join Date: Jul 2015
Location: Sioux City
Region: Iowa
Posts: 1,015
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.

Sent from my SM-G930V using Mustang Evolution mobile app
Hawkstang is offline   Reply With Quote
Old 02-16-2017, 05:21 PM   #22
Evolution's Finest
Supporter
 
ronnie948's Avatar
 
Join Date: Apr 2012
Location: Daytona Beach
Region: Florida
Posts: 3,782
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
__________________
2012-candy red- V-6 MCA, Automatic Trans. CFM Valve cover breather. MMD blackTail light trim.Magnaflow axle back street mufflers, JLT oil catch can.MMD hood struts.
Airaid Cold Air intake. red caliper covers, 3.7L performance engine cover, Flat black hood spears.Boss 302 strut brace, CDC rear panel, Trunk Cargo net,--Dash carpet cover,
Viser stickers to cover ugly yellow warning crap,Aluminum driveshafft and Swarr Bar.
ronnie948 is offline   Reply With Quote
Old 02-16-2017, 06:08 PM   #23
Registered Member
Regular
 
Join Date: Dec 2016
Location: Silver Spring
Region: Maryland
Posts: 26
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?
John M S is offline   Reply With Quote
Old 02-16-2017, 07:56 PM   #24
Registered Member
Regular
 
Join Date: Mar 2014
Location: Charlotte, NC
Region: North Carolina
Posts: 984
Quote:
Originally Posted by Hawkstang View Post
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.

Sent from my SM-G930V using Mustang Evolution mobile app
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.
StarzTA17 is offline   Reply With Quote
Old 02-16-2017, 08:14 PM   #25
Registered Member
Regular
 
Hawkstang's Avatar
 
Join Date: Jul 2015
Location: Sioux City
Region: Iowa
Posts: 1,015
I understand that, but the fact is its not as much of a difference as people - including myself- thought

Sent from my SM-G930V using Mustang Evolution mobile app
Hawkstang is offline   Reply With Quote
Old 02-16-2017, 09:24 PM   #26
Evolution's Finest
Supporter
 
ronnie948's Avatar
 
Join Date: Apr 2012
Location: Daytona Beach
Region: Florida
Posts: 3,782
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
__________________
2012-candy red- V-6 MCA, Automatic Trans. CFM Valve cover breather. MMD blackTail light trim.Magnaflow axle back street mufflers, JLT oil catch can.MMD hood struts.
Airaid Cold Air intake. red caliper covers, 3.7L performance engine cover, Flat black hood spears.Boss 302 strut brace, CDC rear panel, Trunk Cargo net,--Dash carpet cover,
Viser stickers to cover ugly yellow warning crap,Aluminum driveshafft and Swarr Bar.
ronnie948 is offline   Reply With Quote
Old 02-17-2017, 09:43 AM   #27
Registered Member
Regular
 
Voltwings's Avatar
 
Join Date: May 2014
Location: Houston
Region: Texas
Posts: 2,903
Quote:
Originally Posted by Hawkstang View Post
I understand that, but the fact is its not as much of a difference as people - including myself- thought

Sent from my SM-G930V using Mustang Evolution mobile app
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."
Voltwings is offline   Reply With Quote
Old 02-17-2017, 10:18 AM   #28
Registered Member
Regular
 
Hawkstang's Avatar
 
Join Date: Jul 2015
Location: Sioux City
Region: Iowa
Posts: 1,015
Dude that's pretty funny. And v8 owners will not like hearing their powerful cars are not sports cars! Lol

Sent from my SM-G930V using Mustang Evolution mobile app
Hawkstang is offline   Reply With Quote
Old 02-17-2017, 05:46 PM   #29
Registered Member
Regular
 
Cooolbreeez's Avatar
 
Join Date: Oct 2014
Location: Arizona
Region: Arizona
Posts: 710
Quote:
Originally Posted by Hawkstang View Post
Dude that's pretty funny. And v8 owners will not like hearing their powerful cars are not sports cars! Lol

Sent from my SM-G930V using Mustang Evolution mobile app
Dang, my world got turned upside down, I want my sixer back. Lol. I wonder if they have a muscle car class at the insurance company.
Cooolbreeez is online now   Reply With Quote
Old 02-17-2017, 05:50 PM   #30
Evolution's Finest
Supporter
 
ronnie948's Avatar
 
Join Date: Apr 2012
Location: Daytona Beach
Region: Florida
Posts: 3,782
This is CORRECT.
A Mustang is a Muscle car.
A Corvette is a SPORTS CAR.
Ronnie
__________________
2012-candy red- V-6 MCA, Automatic Trans. CFM Valve cover breather. MMD blackTail light trim.Magnaflow axle back street mufflers, JLT oil catch can.MMD hood struts.
Airaid Cold Air intake. red caliper covers, 3.7L performance engine cover, Flat black hood spears.Boss 302 strut brace, CDC rear panel, Trunk Cargo net,--Dash carpet cover,
Viser stickers to cover ugly yellow warning crap,Aluminum driveshafft and Swarr Bar.
ronnie948 is offline   Reply With Quote
Old 02-17-2017, 06:27 PM   #31
Registered Member
Regular
 
Hawkstang's Avatar
 
Join Date: Jul 2015
Location: Sioux City
Region: Iowa
Posts: 1,015
If they do, apparently the GT isn't on enough roids apparently lol

Sent from my SM-G930V using Mustang Evolution mobile app
Hawkstang is offline   Reply With Quote
Old 02-17-2017, 07:37 PM   #32
Registered Member

Regular
 
Recon's Avatar
 
Join Date: Jan 2015
Location: Hopkinsville
Region: Kentucky
Posts: 5,935
insurance rates between V6 and V8

Quote:
Originally Posted by ronnie948 View Post
This is CORRECT.
A Mustang is a Muscle car.
A Corvette is a SPORTS CAR.
Ronnie

Shhh! You can't say that! Especially here, in the homeland. Can't tell you how many times I've heard, "Corvette is a Muscle car."


Pick your poison.
__________________
Mustangalley.com
Mustang of the day,
July 12, 2015
Recon is offline   Reply With Quote
Old 02-17-2017, 08:46 PM   #33
Evolution's Finest
Supporter
 
ronnie948's Avatar
 
Join Date: Apr 2012
Location: Daytona Beach
Region: Florida
Posts: 3,782
I say this is a fact because one time I went to the Turkey Rod Run at Daytona Speedway.
I pulled to the side to wait for some club members and a guy in a Corvette came in. He got stopped and they would not let him in because of his Corvette was too new.
He got mad and asked the ticket guy to see the person in charge.
The person in charge came and he asked why my 2012 Mustang was allowed in and his Corvette was not.
He was told: Mustangs are "MUSCLE CARS"
Corvettes are Sports cars.
The guy went berserk and burned rubber going out the gate.
I ran into the guy at the Pizza stand that morning
I asked if he remembered me and my Mustang and he said "Was that you?"
I had to explain to him that I was going in with my Muscle Car Club and had the club parking sticker on my windshield.
I told him if he was in a club he would have gotten in.
He said the guy insulted his Corvette and I said "NO HE DIDN"T A CORVETTE IS AMERICAS SPORTS CAR""
He said, your right and we had a good slice of $4.00 Pizza and talked a while.
It was a great day at Daytona speedway.
Ronnie
__________________
2012-candy red- V-6 MCA, Automatic Trans. CFM Valve cover breather. MMD blackTail light trim.Magnaflow axle back street mufflers, JLT oil catch can.MMD hood struts.
Airaid Cold Air intake. red caliper covers, 3.7L performance engine cover, Flat black hood spears.Boss 302 strut brace, CDC rear panel, Trunk Cargo net,--Dash carpet cover,
Viser stickers to cover ugly yellow warning crap,Aluminum driveshafft and Swarr Bar.
ronnie948 is offline   Reply With Quote
Old 02-22-2017, 10:21 PM   #34
Registered Member
Regular
 
Join Date: Jan 2016
Location: orlando
Region: Florida
Posts: 183
Just a different thought on this but couldn't insurance be more expensive for the v6 since it would look like v6 mustangs get in accidents more than v8's just due to the fact that there are much more v6 mustangs than v8's. I'm not saying v6 insurance is more expensive I'm just saying it pretty much evens them up in terms of monthly rate.
rubyredv6 is offline   Reply With Quote
Old 02-22-2017, 10:33 PM   #35
Staff
Blogger
Staff
 
99ford's Avatar
 
Join Date: Jan 2009
Region: Georgia
Posts: 6,108
Send a message via Skype™ to 99ford
From someone that is going through agent school, it's all a combination of these things. Agents don't even know the full story.

Top factors:

Location even the next zip code over can be a significant increase.

Credit: length of credit history, length of prior insurance, payment history.

Homeowner vs Non HO

Other misc stuff including driving history, claims history.

And there's this dirty secret called your insurance report.



Sent from my iPhone using Mustang Evolution
__________________
Check out the Official ME gear page for site t-shirts, decals, and bottle openers: http://www.mustangevolution.com/foru...2/#post1670281
99ford is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

Lower Navigation
Go Back   Mustang Evolution > 4 Cylinder | V6 | Classic Mustangs || Tech and Talk > 2011-2014 V6 Mustang

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Insurance rates? Alex.reyes 2011-2014 V6 Mustang 26 09-29-2015 05:20 PM
Mustang Insurance rates lwillow2113 General Mustang Discussion 11 03-25-2015 07:11 AM
Auto Insurance Rates NickAP12589 2011-2014 V6 Mustang 73 07-18-2014 06:30 PM
Insurance rates for a 2007 mustang v6 in Boston? Cormag General Mustang Discussion 2 12-15-2011 09:48 PM
Insurance rates on cars? Pommelraie General Car Discussion 1 07-19-2011 12:18 AM

» Like Us On Facebook



12:16 PM


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0

MustangEvolution.com is in no way associated with or endorsed by Ford Motor Company.