Car insurance cost for a Infiniti g35 coupe?

[MarkAnthony]

I'm 18 and think of getting one, anyone know how much it might be? Oh and btw I live in Hawaii.

 

[Jocking]

Far more important than the car is your age, driving record, sex, and soon, even your credit rating.

Insurance companies use models to predict the likelihood that those they insure will have at fault accidents and thus require them to pay out claims.

They base these models on their knowledge of how tens of thousands, or hundreds of thousands of drivers, with particular characteristics, have cost them in claims payouts in the past.

The worst possible thing would be to have a DUI or DWI - driving while impaired. They know through experience with these tens of thousands of others that those who had a DUI are far more likely to be involved in an at fault accident in the future, and therefore those with a DUI pay enormously higher insurance rates, and for a loooong time.

Similarly, those with speeding tickets, or other moving violations, are also more likely to have accidents than those with "clean" records, and they pay higher rates.

Unfortunately, teenagers have more accidents than older adults and you'll pay extra simply for being 18, and males have more accidents than females, and therefore pay more.

The type of car is a factor, but not as important as your driving record. Sports cars have more accidents than station wagons, so a Corvette costs more to insure than a Volvo 245 Wagon.

The Infiniti G35 Coupe is a really nice car, but it is sporty, and fast. It will cost more to insure than a more sedate type of car like a Honda Civic. Also the value of the car is a factor. A new G35 also costs a lot more than a 5 year old one. If you were to total (damage beyond repair) each, the insurance company would have to give you the full value of each car. The older car would be worth about a third of the new one. Thus the older one will cost you less to insure.

Personally, if money is an issue, and I assume it is or you wouldn't have asked the question, I'd get a very conservative, second-hand car, and drive very carefully until you are about 21. If you have no tickets, you could then get a sportier, faster car without paying such an extreme premium for having the sporty G35 coup. (Even a coup is considered less safe than a sedan.)

You can log on to the web and most insurance companies have calculators that will give you specific on-line, no obligation, quotes for a specific car, based on your age, sex, and driving record.

You also have to consider deductibles. If you are willing to accept higher deductibles, your rates will be lower. If you have an a accident and you agree to pay the first $1,000 of repairs ($1,000 deductible) this costs a good bit less than if you have a $100 deductible.

All this, so far, related to collision insurance. Let's consider liability.

I strongly urge you to have at least $500,000 per accident, and $250,000 per person in liability insurance. It's not much more expensive than a lesser amount.

Less than this is folly. If you had an accident and hurt someone, they could have $100,000 in medical bills from a week or 10 days in the hospital. If you only had $50,000 per accident, $25,000 per person in liability insurance, you would owe $75,000 of their medical bills. You'd be 18 and bankrupt, not a good way to start adulthood.