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Why is insurance so much on an LS 400?

 
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Why is insurance so much on an LS 400?
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Soulhikers
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Joined: 22 Nov 2006
Posts: 4558
Location: San Antonio Texas tx

Post Why is insurance so much on an LS 400? Reply with quote
My dad goed to purchase a used 1996 LS 400 with 132,000 miles on it. He got an insurance quote and it is $600 more every six months than he's already paying. Neither him or my mom have been in any accidents so there is no reason for it to be such a high price. Why is it so much?
Mon Oct 08, 2007 8:10 pm View user's profile Send private message  
Pikovit79
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Joined: 17 Nov 2006
Posts: 4612
Location: Irving, Texas

Post Why is insurance so much on an LS 400? Reply with quote
HOLY COW. that is a lot. Well, there is some number of things that can make it go up so high. for example, is your dad insuring other drivers besides your mom? The younger the insured person is, the higher the payment is. By the way, the LS 400 kicks @$$. I love that car. it is a classic in my book.
Mon Oct 08, 2007 8:10 pm View user's profile Send private message  
Phpguru
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Joined: 15 Nov 2006
Posts: 4510
Location: Jacksonville Florida

Post Why is insurance so much on an LS 400? Reply with quote
Well the car is a luxury car with a lot of miles. Such cars tend to have a lot of problems as they enter old age. Nothing serious but many conviences like the radio will start to fall separately. ie dash lights going out
Mon Oct 08, 2007 8:10 pm View user's profile Send private message  
Mikey82
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Joined: 19 Nov 2006
Posts: 4648
Location: norfolk,virginia

Post Why is insurance so much on an LS 400? Reply with quote
it can be that it's showing up more on hot lists. The list showing what vehicles have a higher tendency to be stolen/ in demand by the bad guys.
Mon Oct 08, 2007 8:10 pm View user's profile Send private message  
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