So - As many of you know, I had to sell my 2007 GPW with B/R interior last year to pay for medical bills.
I’m looking to buy a new/used car (most likely a 2015/17 VW GTI).

I was curious about the insurance so I called USAA s asked.

For the GTI, it would be ~110 a month.
So- being curious, I asked about insuring a 2021 911
Turbo S - that would be ~ 225 a month and a McLaren MP12 would be ~212 a month.

Wow.

 

Wow meaning you thought it would be much higher to insure the super cars or you think that is low. Even if I could afford to buy those super cars I would be delighted with those insurance rates. Apples to Oranges between the GTI and the super cars. Go with USAA, good rate.

 

wow is right, that is super cheap. I pay twice those supercar rates for my son's insurance to allow him to drive our Subaru WRX. I never would have expected them to be so cheap to insure, that seems odd.

 

Where I live I Can’t help but think about the claim on the Maclaren after a few trips to the grocery store( Upstate NY)

 

If only I could finance the 911 for the same payment as the GTI.

 

Insurance on the WRX is very high. When I switched from my Tacoma to a WRX my insurance doubled with the same coverage and deductibles.

 

I suspect that the reason the rates are so low is typical mileage for this class of vehicle is a few thousand a year, sometimes in the hundreds of miles.
They aren't primary commuter vehicles. They aren't even the back up car. they are simply show off toys, owners fourth or fifth vehicle.

 

Word is the most expensive car to insure is the Bugatti Veryon at 50,000 a year

 

Every time I get an insurance agent trying to sell me insurance I ask how it compares to USAA. "Thanks, have a nice day." is the typical response.

USAA is member owned. Formerly restricted to Army, then all military officers. Since expanded to all active service and veterans, and then to family members, and now to their family members. Still a fairly small slice of the insurance market. Membership eligibility is a bit hereditary like some medieval order. If you can find a veteran somewhere in your lineage you can probably get membership.

From an older article:
The company's roots go back to 1922, when 25 army officers agreed to insure one another's cars when no traditional companies would. ... The firm's structure is one of its most interesting attributes. Unlike nearly every other Fortune 500 company, USAA is not a corporation. It is an inter-insurance exchange made up of the people who have taken out policies with the firm. As a group, they are insured by each other and simultaneously own the company's assets. Instead of paying stockholders, USAA distributes its profits to its members. In 2010, it distributed $1.3 billion.

-- Chuck

 

I think you nailed it, Jerry. How much risk is a McLaren exposed to just going to Cars and Coffee on a weekend morning?