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WHy would the insurance on a 2000 porsche be less than an 88 fiero?

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Just wonderin… Giving my driving record, yada yada yada why the porsche boxster 2000 v6 cost less on my insurance than a 88 pontiac fiero…. im confused… BTW its 50$ a month less, and its gonna be 500$ a month for the fiero







52 Responses to 'WHy would the insurance on a 2000 porsche be less than an 88 fiero?'

  1. Scott H - October 1st, 2008 at 9:03 pm

    I dunno…because the Fiero was famous for bursting into flames?

  2. kenoplayer - October 3rd, 2008 at 10:42 am

    The older your car is, the more you pay for insurance. An older car is more likely to have parts break apart and cause an accident. The insurance companies do this to encourage people to buy a newer car every so many years, for safety reasons.

  3. oklatom - October 4th, 2008 at 6:43 pm

    Mainly because the 88 is 20 years old, hard to get parts, more likely to have some kind of problem.

  4. Paxangel - October 5th, 2008 at 1:13 am

    In general, insurance premiums are not based solely on the resale value of your car, because insurance companies are also covering the cost of all the cars on the road that you could (theoretically) hit in the event of an accident. Therefore they also take several other factors into consideration when calculating your premium. The main factor is always: How many claims has the insurance co. had to pay out in the last 3-5 years for this particular make and model? The number-crunchers then analyze their data and come up with a premium based on percentages of previous claims. This system works for most average cars, but when you get something a bit more unusual it’s not so reliable, as the insurance co. may have had only four Porsche Boxters on their books in the past year, but twelve Fiero’s. This would mean that, statistically, they are 3 times more likely to have received claims on Fiero’s than Porsche Boxters, therefore Fiero’s are more expensive to insure.

  5. dsmith - October 6th, 2008 at 1:13 am

    Fiero is older and harder/more expensive to get parts in case of accident.

  6. CwboyBill - October 9th, 2008 at 4:27 am

    I think you better recheck those figures, could be you misplaced a decimal….

  7. efflandt - October 11th, 2008 at 6:29 pm

    $500/month for the Fiero? I don’t pay much more than that for a year for 95 Maxima SE 5-speed (that can beat any stock Fiero in drag race or race track) and 2001 Pathfinder combined.

    I used to think Fiero meant fire, because they often went up in flames, but it actually is italian for proud.

  8. jetaunbraese - October 12th, 2008 at 3:23 am

    As stated by other, older vehicles can be more expenisve to insure, but I bet in your case, the 88 Pontiac is the vehicle you have a work commute on. If you drive your vehcle to work 5 days a week, and the prosche only on the weekends, then law of averages state you are more likely to be in an accident in the 88 Pontiac.

  9. gezginler indir - October 10th, 2010 at 10:24 pm

    The new Zune browser is surprisingly good, but not as good as the iPod’s. It works well, but isn’t as fast as Safari, and has a clunkier interface. If you occasionally plan on using the web browser that’s not an issue, but if you’re planning to browse the web alot from your PMP then the iPod’s larger screen and better browser may be important.

  10. ehow - October 15th, 2010 at 5:57 am

    The new Zune browser is surprisingly good, but not as good as the iPod’s. It works well, but isn’t as fast as Safari, and has a clunkier interface. If you occasionally plan on using the web browser that’s not an issue, but if you’re planning to browse the web alot from your PMP then the iPod’s larger screen and better browser may be important.

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