Is a 2000 Grand Prix gt sedan considered a sports car to insurance agencies?
Q. I want to buy this Grand Prix gt sedan that's for sale but I can't afford a sports car car payment it's my first car will insurance consider it a "sports car"
Answer
With most insurance companies, there is actually no such thing as a 'sports car' category. In 15 years as a broker, I've never seen or heard of one company who has a sports car surcharge of any kind. That's one of those myths that everyone knows but nobody can actually say how they know it.
It's true that some cars really are pure sports cars, and they can and do cost more to insure. But think about it for a minute... when looking at sticker prices, is a Camaro or Mustang listed at the same price as a (same year) Corolla or Dakota? No, because sports cars are sexy and sexy is expensive. Sports machines have more powerful motors, upgraded interiors, harder suspensions, sleeker designs, and all that stuff.
More expensive car means more expensive insurance premiums, because a vehicle's cash value is the big factor in how vehicles are rated by the companies. They look at other stuff too, but overall value is the big one for the vehicle.
If you got a quote on a Grand Prix GT and then a Grand Prix not-GT from the same year, they'd be almost identical. And no, red paint doesn't do anything to the premiums either.
With most insurance companies, there is actually no such thing as a 'sports car' category. In 15 years as a broker, I've never seen or heard of one company who has a sports car surcharge of any kind. That's one of those myths that everyone knows but nobody can actually say how they know it.
It's true that some cars really are pure sports cars, and they can and do cost more to insure. But think about it for a minute... when looking at sticker prices, is a Camaro or Mustang listed at the same price as a (same year) Corolla or Dakota? No, because sports cars are sexy and sexy is expensive. Sports machines have more powerful motors, upgraded interiors, harder suspensions, sleeker designs, and all that stuff.
More expensive car means more expensive insurance premiums, because a vehicle's cash value is the big factor in how vehicles are rated by the companies. They look at other stuff too, but overall value is the big one for the vehicle.
If you got a quote on a Grand Prix GT and then a Grand Prix not-GT from the same year, they'd be almost identical. And no, red paint doesn't do anything to the premiums either.
Do I still have plenty of time to get an 8-cylinder sports car and get a good deal on it?
Q. Unfortunately, it's looking like SUVs and sports cars and other vehicles with guzzle gas are going to stop being made and no one's gonna buy them anymore. I would much rather have an 8-cylinder like a Camaro Z28 or a Firebird TransAM. Everyone else might be switching to tiny, unsafe, wimpy Hybrid cars that can't take a hit in a collison and take all day to go from 0 to 60.
I wouldn't wanna be caught dead in one of those degrading, ugly vehicles that I find to be a joke. I would much have that 300+ HP from a Firebird or a Camaro. They look more cool, are much faster, and are a little safer in case of an accident.
I hope the decreased sales will mean lower prices, not the other way around.
I wouldn't wanna be caught dead in one of those degrading, ugly vehicles that I find to be a joke. I would much have that 300+ HP from a Firebird or a Camaro. They look more cool, are much faster, and are a little safer in case of an accident.
I hope the decreased sales will mean lower prices, not the other way around.
Answer
Trust me the V8s are going to be around for a real long time.The american drivers will allways trust the power and life span of the V8 engines.Just look at the past few years as the V8s have gotten smaller and punch out more power than ever before.Long live the V8S. Hope this helps.
Trust me the V8s are going to be around for a real long time.The american drivers will allways trust the power and life span of the V8 engines.Just look at the past few years as the V8s have gotten smaller and punch out more power than ever before.Long live the V8S. Hope this helps.
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