Ralli04Art

iTrader: (6)

Insurance companies are rating 2014 Evos as a $80,000 value. A 2010 evo came in quoted as $40 less per month than a 2014. I guess insurance companies dont have the risk rates for the 2014 models yet and are just maxing everything out until then?

DeeezNuuuts83

What happened was that up to 2010, cars were rated on a scale from 0-30 pretty much, with the higher number indicating it being a bigger risk in some way, whether it's performance related, price related or loss related (which is what causes changes to be made later on down the road, like if that car ends up having higher correlation with certain violations and/or accidents). The Evo was generally between 24h and 26h, depending on the model year.

After 2010 (so 2011+), the rating scale was revised but applicable only to newer cars (and not a revising of all cars in history) and went up to 100 or so. So that's why a lot of companies had higher rates for the 2011s and later, even though they're practically the same cars as the earlier models. But the rating given to the later Evo Xs due to its performance and/or loss history was a rating that is normally reserved for higher priced cars (basically $80k or more, as you noticed), and on the insurance agent interface, you have to put in a value for the cost new. However, regardless of what the car really costs new, the systems I've seen require a value no lower than $80k, because the programming assumes that any car with that rating must be on the higher end of the spectrum in terms of price. Unfortunately it doesn't mean that if your car is totaled, you will get $80k. You'd still get just actual cash value.

ikt

iTrader: (18)

no they aren't
companies that still use symbol ratings have improper defaults set, so any symbol over 27 defaults to 80k replacement cost. I don't know which vendor it is (Choicepoint/LexisNexis?) but I've seen it pop up that way in rating software. Just a glitch.

DeeezNuuuts83

But it's not in the rating software (like if you're talking about FSC or Quomation), it's in the agency interface itself. I know what he's talking about since I've seen it with a few companies. I can take some screen captures.

Addison Hesser

I pay $375.00/mo and never been in an accident or gotten a ticket.

EZBread

2014 GSR

21 on my own policy, I have renters insurance with State Farm and Steer cleer discount.

Clean record 174/month

Ckeesee12

20 years old, no accidents and no tickets. I pay $334 a month.

nwa7265

iTrader: (5)

i pay $180/mo thats full coverage on the evo and my civic (just liability) and i have 3 speeding tickets and i totaled my s2000 4 years ago lol. I guess ohio has some of the best rates.

migs647

iTrader: (19)

Just added my Black IX MR with 20k miles, $360 per 6 months.

ikt

iTrader: (18)

Location: Las Vegas

cars stolen in vegas don't get recovered, hence the high rate

The agency interface systems reference a Lexis Nexis/Choicepoint database, they don't store it all. Even big ones like EzLynx are pulling their symbols off of the same database.

bstgsr

$100 month for 2012 evo. No accidents or tickets
Age: 30

ApolloX

iTrader: (1)

Well I guess what I pay isn't too bad after reading this thread

I pay 189.00/ month living in Hawaii
22
No accidents, 1 speeding ticket with the Evo

Amos Volante

$389/6 months, age 42, State Farm, Western NC, 1 ticket, but supposedly no longer held against me.

tim50kg

I live in western NC also. Mines about the same. 24 Y/O though through Nationwide

ikt

iTrader: (18)

that's pretty good, Hawaii is a tough market

Haole crew!