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Insurance for young GT3RS Owner

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Old 05-05-2019, 01:26 PM
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MythlinMasterdo
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Old 05-05-2019, 01:31 PM
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fskof
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Originally Posted by vodavoda
I will echo others. For California, $400 is way cheap. Almost sounds to good to be true....even made me think that this is a Troll post. I have a 22 year old with no tickets in LA with an economy car, no tickets, and through USAA with minimal coverage the cost is over $200/month. I truly can't believe that any insurance company in their right mind would insure a 21 year old male on this car.

That's a lot of snow on the ground for San Francisco
I was thinking the same thing but I wanted to stay positive but I hope this isn’t a troll
Old 05-05-2019, 02:11 PM
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At $400/mo, you're getting off cheap considering location, age and the price of the vehicle, IMO.

Originally Posted by vodavoda
That's a lot of snow on the ground for San Francisco
License plate frame is from Salt Lake City.
Old 05-05-2019, 02:13 PM
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MythlinMasterdo
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Originally Posted by MJ7
At $400/mo, you're getting off cheap considering location, age and the price of the vehicle, IMO.



License plate bracket is from Salt Lake City.
Yeah I bought the car there last weekend

Last edited by MythlinMasterdo; 05-06-2019 at 01:43 PM.
Old 05-05-2019, 02:14 PM
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Originally Posted by MJ7
At $400/mo, you're getting off cheap considering location, age and the price of the vehicle, IMO.



License plate frame is from Salt Lake City.
Yeah I picked the car up from Porsche Salt Lake City last weekend
Old 05-05-2019, 03:52 PM
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2006m5
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tell me about i remember 30 years ago i had a 1980 cutlass
that i bought for 1000.00 and i was paying 1200 a year policy.....god bless America the land of criminal insurance companies/
Old 05-05-2019, 09:15 PM
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MythlinMasterdo
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I updated the post since its so "unbelievable" that I own an RS.
Old 05-06-2019, 12:06 AM
  #23  
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Originally Posted by LionelB
$400 a month seems pretty cheap to me for a $250K car in the hands of a 21 yo.
+1
I was paying about $250 a month from age 18-24 for a 944S back in the mid 90's. A car worth around $10k at the time. $400 for a GT3RS is a steal.

If you keep your record clean the rates should plummet when you turn 24, and even more if you get married.
Old 05-06-2019, 12:55 AM
  #24  
chris2
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Originally Posted by MythlinMasterdo
I updated the post since its so "unbelievable" that I own an RS.
Who is the insurance company that quoted $400/mo and what coverage? I'm in CA, 25, and my '15 GT3 is around $500/mo but that might be due to tickets
Old 05-06-2019, 02:19 AM
  #25  
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No need to post pics to prove ownership or that you deserve it. I don't think anyone here was questioning the premise I'm in the bay area as well and have seen lots of young GT car owners given tech money. I'm "young" too relative to the typical porsche owner. I see my share of nice cars in the Google parking lot daily. I just chose to get it a little bit later after buying a house first and getting to engineering manager -so I might actually be above average in age in the bay when it comes to GT car ownership..=).
Old 05-06-2019, 02:31 AM
  #26  
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I believed you.
Old 05-06-2019, 09:13 AM
  #27  
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Originally Posted by MythlinMasterdo
I updated the post since its so "unbelievable" that I own an RS.
Im going to believe you. There are some very young people that are very smart that are either programmers, app developers, YouTube sensations making a lot of money. There is a YouTube kid here in central Florida that is a YouTube with a white 3RS and a new million dollar home and such.

I say awesome for you and like I said in my post...you are doing something correct. Enjoy!
Old 05-06-2019, 10:48 AM
  #28  
RossP
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I believe you have the car, however buying a GT3RS as your only car and then concerning yourself with $4800 a year in insurance is a little ridiculous. Assuming you can actually afford this car (and everything that goes with it) the insurance cost should be completely acceptable.
Old 05-06-2019, 11:18 AM
  #29  
E92 M
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living in the city you probably won't put many miles on the car. if you drive less than 7500 mi/year, you can often qualify for a cheaper insurance rate. talk to your agent.
Old 05-06-2019, 01:43 PM
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MythlinMasterdo
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I use Geico


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