Oh, yikes...ouch! Hot dam & sakes alive! - Kia K900 Forum
 
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post #1 of 10 Old 09-10-2018, 10:55 PM Thread Starter
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Default Oh, yikes...ouch! Hot dam & sakes alive!

Please, somebody tell me that this story is exaggerated:

https://www.thetruthaboutcars.com/20...st-you-dearly/

This is something I didn't quite consider before buying.

2016 V8 VIP+, black with white interior
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post #2 of 10 Old 09-11-2018, 12:35 PM
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That's something I haven't researched yet - how much do you guys pay for insurance?
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post #3 of 10 Old 09-12-2018, 11:10 PM
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Originally Posted by phlk900 View Post
That's something I haven't researched yet - how much do you guys pay for insurance?
I think $750 per year, “pleasure” mileage. (I work from home)

It’s more than my 04 330i Performance Package insurance. ~$500

No accidents/claims in my 22 years of driving. (knocks on wood)
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post #4 of 10 Old 09-14-2018, 09:01 PM
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I have to say that my insurance is quite high considering how little I drive my K900. I have AAA and annual insurance cost was a huge jump up from $677 for my 2014 Kia Soul ! to $1116 for my 2016 Kia K900 V8 Luxury w/VIP pkg, which includes a multitude of discounts including Anti-theft deterrent, two or more cars discount, passive restraint discount, verified mileage discount, AAA OnBoard activation discount, garaging discount, longevity/renewal discount and group affinitty discount (joining Sam's club gave me an additional 10% off). I am retired, a very low mileage driver (I have put 1100 miles on the car since I bought it last December (2018)).

BUT seeing this article has me thinking as much as I love this car, I could be buying a new 65 inch tv every year just to pay for the insurance to drive it. $34k to repair the front end in the event of an accident is more than I paid for my car! It would instantly be totaled and I would be at the mercy of the insurance company.

I had two low mileage vehicles before I bought the K900, a 2012 Nissan Quest SL ($577 to insure annually), and a very nicely equipped Kia Soul ! (with the works w/7500 miles) cost $677 annually. $1254 total. Thats only $138 more than it costs to insure the K900 alone!

Of course I am totally ruined for anything else by the luxury, safety equipment, comfort and luxury of my K900. But I am going to think long and hard about this over the weekend. Is it worth it to pay so much for insurance if in the end I get a dented fender and the car is totaled?
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post #5 of 10 Old 09-14-2018, 09:54 PM
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Statefarm wanted $1100.00 for my k900 every 6 months.
I switched to Geico got the military discount and it was $735 for 6 months
Same insurance as state farm plus accident forgiveness.
I have no accidences, no tickets, and low mileage driver
Purchased a 2018 Genesis G90 5.0 ultimate and insurance for that is almost $1200
for 6 months
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post #6 of 10 Old 09-14-2018, 11:01 PM
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Originally Posted by Gene View Post
Statefarm wanted $1100.00 for my k900 every 6 months.
I switched to Geico got the military discount and it was $735 for 6 months
Same insurance as state farm plus accident forgiveness.
I have no accidences, no tickets, and low mileage driver
Purchased a 2018 Genesis G90 5.0 ultimate and insurance for that is almost $1200
for 6 months
Whoa there... 1200 for 6 months.. my current car is a Charger Scat Pack 2016 and I pay 540 every 6 months.. for a long term ownership this is definitely to be taken into account.
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post #7 of 10 Old 09-15-2018, 12:34 PM
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Insurance company told me it was because, there are so many extra safety equipment features it's expensive to repair.
You'd think extra safety features would give you a discount. Then to insurance prices vary depending on where you live.
I live in a high accident rate area. With the way they drive here in Arizona I don't doubt it a bit.
I pay more here for one car than I did in New York for two, and one of those was a sports car.
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post #8 of 10 Old 09-17-2018, 02:07 PM
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With USAA I pay $550 per 6 months/$1100 a year with a $200 comprehensive and $500 collision deductible for my 2015 K900 w/VIP
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post #9 of 10 Old 09-17-2018, 04:32 PM
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I guess AARP (The Hartford) isn't so bad after all.

I have a 2017 RAM Rebel 1500 and the 2015 K900 for a total of $2041 for the year. I think its about 55% on the K900 and remaining 45% on the RAM.

Again, this is also Arizona, the state of the highest car insurance rates in the country.

2015 K900 - Black on Black, VIP package
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post #10 of 10 Old 09-17-2018, 08:10 PM
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Funny enough, RAM is the second option I am looking into... problem is that I was looking at the RAM Limited 2019, which is literally 2x the cost of the k900.. lol.
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