Depends on how long you have used your insurance company as well. Alot of them give deep discounts for "loyal" customers of 10 years and over.

J

 

I live in the MASS one of the more expensive states for insurance i have $5k per year to insure all my cars.

 

Dont be too impressed by people who drive such cars. Even in this economy its easy to get leasing through companies with just a little down
Fact is many of these cars are leased
Check out companies like putnam, premier or manhattan

Also lets not forget 144 month financing

 

For a BMW maybe... that's why there's riced out Bimmers all over the place. But a Ferrari? I mean I've heard of people throwing away their 401(K) just to have a nice car, but it doesn't sound that easy.

Regardless, sounds like it's going to be 1K a year for leisurely driving from what I've read here

 

You guys must have some awesome insurance agents. When I was 23 driving an S4, I was paying $250/month for full coverage, clean record.

 

28, I own a Z06, M3, and 997S.

I put all these cars under an umbrella plan with my Home insurance and got a HUGE discount (around 35%). So I'd check into that if I were you.

 

I would just like to say f*ck u all haha, I live in Australia, and im 24 with clean record..

Insurance for my '98 WRX with an Agreed Value of $15k is $3200 a year.
Although if i bought a Falcon XR6 Turbo it would be round $1600 a year, but thats only a $40k car... damn we get ripped off

 

This varies quite a bit from company to company, and there are a lot of variables that go into their calculating if they should screw you this way or not.

Consider this: You own multiple vehicles and live alone and have a clean insurance record. Therefore, only one vehicle can be operated at a time and if you have a Lamborghini as an "occasional" vehicle and a Camry as your primary, they might buy that and drop your premium.
Consider the same scenario but your record is bad...an at fault collision 3 or 4 years ago or something. They very well may now consider your premium based on what they could potentially take the highest loss on, which, given the fact you wiped out a few years back, would likely be your Lamborghini, even though it is registered as an "occasional use" vehicle.
The same applies if there are others living within your household (ESPECIALLY immediate family members/children...hopefully that last one is not an issue for the 20 somethings here, haha)

If you've got property with them as well, like others have said, they'll hook you up. Another thing to consider is that some organizations offer hook ups with insurance companies as well.
In my province (Alberta) to work and practice as an Engineer, Geologist or Geophysicist, you MUST register with a 3rd party company (Apegga) otherwise, you're unlicensed and technically, you cannot be called a professional or work in those areas legally in the province. However, Apegga has a partnership with an insurer (Meloche Monnex) that gives mad hook ups to Apegga members and their dependants (including student members, which I happen to be)...although it's not something that's really openly advertised unless you read their stupid monthly publication that they mail out (which most people don't.)

Anyways, in my opinion, insurance companies are always crooks and always out to screw you in any way they can. Shop around, ask around, talk to friends, and be prepared for frustration and rage...haha.
Another thing is be upfront about modifications. I recall someone on a local forum was posting about how he was once REAR ENDED in his SLK32 AMG at a stoplight by a vehicle travelling ~70kmh. The vehicle was damaged very extensively, but since it was new and worth something, the company decided not to write it off. When they discovered that he had some minor undeclared modifications (minor suspension mods for occasional track use) they actually tried to use that as grounds to get out of paying for the repairs to the vehicle.

The more you know!

 

I pay 200 a month for my corvette c6 with a clean record. depends on coverage amount too. deductable ect. im only 23...

 

and I pay 1800 a year on my Gallardo. I'm with state farm and insure my home and my other cars with them so I get a discount. Of course my policy is restricted to 7500 miles a year.

 

I am 26 with a clean record and I pay 1200 a year just for my 370Z with state farm as a leisure vehicle as well. I need to revisit my plan it appears.

My hat's off to those 20 somethings that can afford these cars on their own, I work hard everyday and consider myself pretty successful for my age, but some careers only have so much earning potential. I invest most of my spare change in hopes of being able to afford a nicer car at some point down the line.

 

One word: USAA

If you have anybody in your family that is military try and get signed up with USAA.

I bought my Z4 M coupe when I was 20 (no accidents, 3 speeding tickets). I had a $100 deductible, full coverage $50,000 collision / $100,000 liability, and I was paying $645 a year.

I bought my 06 C6 Vette when I was 21, same history and coverage, and I was at $875 a year.

Shop around, and try and get USAA..hell I only get it because my grandfather is retired Army.

 

Wow, yah I hear usaa is so cheap. I have a uncle thats military? would that work? haha i pay 2400 a year for my corvette ! no wrecks either. or tickets. im 23...

sux

 

More info on this? I've heard of service members doing it but someone as distant as a grandfather serving can get you access? My grandfather served so im interested how you're able to get access with only that connection. Not to thread hi jack, PM me if you want. I'd appreciate any advice you have as I'm young with a record that isnt awful but isnt clean and pay a ton for ins.

 

location is critical. that car will probably cost you 6-7k a year in NJ. When I got my first car, an M3 back in 2004 NJ wanted me to pay 5k a year to insure it, and that was with a perfect record.