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01-04-2009, 12:30 AM

#16

adfsouth

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Join Date: Oct 2006

Location: South Florida

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Quote:

Originally Posted by David A

I have State Farm with $1000 deductible and covered against uninsured drivers for $820 every 6 months.

+1 I have State Farm as well and my premium is within $20 of yours.....

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01-04-2009, 12:32 AM

#17

am722

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Join Date: Feb 2008

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Quote:

Originally Posted by madporsche

Now I get it.
I am 23 and I guess I have to pay what I have to pay.
Anyway, I will enjoy my ride and post some pictures of mine soon.
Thank you for your help guys.

Well at least get some quotes from other companies. I bought my 997 when I was barely 25 and I was only paying about 1700 a year at the time.

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01-04-2009, 01:52 AM

#18

russo

Three Wheelin'

Join Date: May 2008

Location: Brownsville, Tx

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Age is definitely the major factor in this scenario.

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01-04-2009, 04:02 AM

#19

Soulteacher

Burning Brakes

Join Date: Dec 2005

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Quote:

Originally Posted by madporsche

I'm 23 and an international student.

Besides your age, being an international student is another significant factor. Been there, done that. It gets better when you switch from F-1 to H-1, but you really won't have the best rates and conditions (for insurance, mortgage, store credits, etc.) until you get your permanent residency ("Green Card"). Establishing a solid credit history is another moderating factor that takes time for new arrivals.

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01-04-2009, 09:32 AM

#20

gota911

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Location: Winston-Salem, NC

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Quote:

Originally Posted by geof

My insurance for an '89 Toyota Celica, in 1995 when I was a 24 yr old grad student in suburban Maryland, is about the same as my insurance now for a new-bought 997 in DC. Youngsters pay more! At least that is one benefit of getting older...

Hell, if age reduces your annual premiums, I should be paying about $3.50 per YEAR!

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01-04-2009, 01:47 PM

#21

larrytrk

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Location: MA

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I guess age becomes a bell shaped curve ! :>)

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01-05-2009, 06:03 AM

#22

jerryrice

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The OP could be getting a bargain, in 1970 I was 24 (guess Im old now) , bought my first porsche, a new 911T for $6500, the insurance was $2100/yr., or about 1/3 the cars value.