How does the Kia Stinger GT have the same monthly insurance as a new Hellcat??

[G-761760]

I was pretty stunned to find this out. I always assumed the Hellcat would double or triple my insurance. Right now I pay $126 a month for full coverage on my Kia Stinger GT. I called my insurance agent for a quote on a Hellcat Charger and he said it would go up $18 PER YEAR, so less than $2 per month! How is this even possible?

 

[Erock77]

No idea seems odd. My 2020 GT1 costs me about 25.00 less a month than my 2017 Wrx did. Incase people don’t know the Wrx is the most issues speeding ticket vehicle in the US.

 

[falanger]

It could be a case of them seeing fewer hellcat claims, or being cheaper to repair, or having a higher average age of ownership.

Stingers are proving to be expensive and tricky to repair (my own incident topped 13k and over a month in the shop) so I wouldn't be surprised if rates keep climbing with each renewal.

 

[TStaino]

Insurance underwriting is a mystery... I traded in a stinger 2.0 (no driver assist features), and got a stinger 3.3TT (also no driver assist features), and my premium went down... makes no sense, but I’ll take it.

 

[Girbles]

let's also not forget that different insurance companies will have vastly different rates. I shopped around for my Stinger GTS insurance and received quotes for my preferred coverage anywhere from $700 to upwards of $2000 per 6 months.

 

[TStaino]

Nothing changed from my situation except the car itself... and the new car is much higher “risk” with a significantly higher value, with not a single added safety feature... again, insurance underwriting is a mystery.

 

[Girbles]

A complete mystery. The insurance company that was by far the cheapest for my previous car wasn't even close for the stinger

 

[TStaino]

I guess that’s why underwriters get paid the big bucks!

 

[Pnbnationsbest]

Move to Michigan and then talk about insurance.

 

[Legendsk]

When I got my new '66 Corvette, State Farm wanted something like 3x the insurance on my '65 Mustang. I wound up going with Globe Insurance (A division of Swift Meat Co.), because they defined it as a Chevrolet, 2 door, manual transmission. And the insurance was about 1/2 that of the Mustang.

 

[namja]

need to shop around