04-09-2008, 07:49 AM
oldeguy,Apr 8 2008, 06:20 PM Wrote:And what would be the cost of insurance be for a Lexus for us common folk?
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i have not gotten an insurance quote in canada ever so i'm not sure.. for me (and others with my same rating characteristics in the US) it pretty much cost the same to insurance anything... appx $1000/yr ($500k limits for liability, $500 deductible for comp and collision)
i've priced out insurance for myself for a lot of cars all across the spectrum and the difference between a corolla and a z06 is around $200/yr.. in my opinion, the fixed costs of owning a car (license,registration, insurance, fuel) vary little from vehicle to vehicle.. its just the actual cost of purchasing and maintenance/reliability that makes one car more expensive to own than another
also only thing 'special' things about me that might prevent others from getting my insurance rate are: post grad degree, super high credit score (780-793), and 6yrs no accident no collision..