Last post on Mar 27, 2013 at 4:54 PM
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Suzuki, Automotive News
#190 of 204 Re: Another potential problem with buying an "orphan" brand vehicle [igozoomzoom]
Nov 06, 2012 (10:10 am)
Well, you're right, in my case I probably wouldn't have thought about the insurance impact on a discontinued brand. However, I routinely inquire about the insurance rate before I buy a car, so that regardless of whether it's a discontinued brand or model, or not, I factor the insurance cost into my buying decision. Thanks for bringing this matter to our attention, though.
Nov 06, 2012 (3:34 pm)
why is this guy's insurance costing him $3400 per year? That's nuts!
I pay only $860 in northern Idaho a year to GEICO for my 2008 Mitsubishi Lancer GTS to be insured. Don't ask me my limits, I get pretty much full coverage, high limits (have ta check my policy to get the exact limits and deductibles), everything agreeable and reasonable to me. $72.47 a month!
Why is this guy's insurance so expensive? Cost of the new Saab's? But we're talkin' Saab's here, let's keep grounded and in reality here. Is my GEICO gecko, Warren Buffett and Goverment Insurance Co. treating me that fair?
And the fact that I drive carefully like a Grandpa doesn't hurt, no tickets since 1982 and all, yes? Wow, that is really an eye-opener for what some people are up against for car insurance, yikees and spikees.
#192 of 204 Re: What the... [iluvmysephia1]
Nov 06, 2012 (9:22 pm)
"why is this guy's insurance costing him $3400 per year? That's nuts!"
That was the worst extreme I've seen, but that particular insurer almost tripled their rates on late model Saabs out of concern for parts availability and cost. There were so few 2010 and 2011 Saab 9-5 cars made that body parts very likely may be scarce and could cost hundreds or thousands more than they typically would have.
Like I mentioned, I plugged in 2011 Volvo S80 in place of the 2011 Saab 9-5 and it dropped the rate from $4,920 to $2,100 per year. Both $50k Swedish full-size luxury sedans, but the one that's out of production costs more than double that of the one still in production (the S80).
The only way reduced it from $4,920 to $3,400 ($1,520 less) was by making his Comprehensive and Collision Deductibles $2,500 each! Needless to say, he deeply regretted purchasing that car prior to getting a quote on adding it to his auto policy.
I normally would have moved a customer in his situation to one of the other insurers that I represent who didn't increase their rates on Saab vehicles so much. But this company is the only one who will allow him to exclude his 20-year step-son from the policy even though he lives in the same home. If the step-son had to be added to this policy, this particular carrier would cancel the policy altogether. But they let him be excluded as long as the parents sign a waiver saying he doesn't drive their vehicles and that their insurer would not cover an accident if the step-son was driving one of their vehicles.
Otherwise, I would have to put the entire auto policy with a non-standard (high-risk) company and two 4wd GMC pickups, a Lexus GX470 SUV and the Saab 9-5 would cost over $12k per year to insure....thanks to step-dude's suspended license and DUIs!
So this guy was screwed.
I live in semi-rural North Georgia, drive a 2006 Mazda3 s 5-door, 37, male and divorced and I have higher limits of liability than 99% of drivers (500k/500k/100k) and Uninsured Motorist for 500/500/25. My Comprehensive deductible is $100, Collision is $500 deductible, I have $30/day rental car coverage, $100/occurence Roadside Assistance/Towing and even $1000 in complementary Pet Injury Insurance (crazy, but true). I pay $594.87/year for my policy! But I also get a discount of almost 45% because I represent this insurer along with several others.
#193 of 204 Suzuki insurance
Nov 13, 2012 (5:46 pm)
with new suzukis selling for low to mid teens new it won't take much for an insurer to just total the vehicle - the hard part will be establishing a fair value
#194 of 204 Suzuki Franchise Usurped
Nov 14, 2012 (10:53 am)
The Suzuki dealer on Roosevelt Blvd. and Red Lion in NE Philly is rapidly becoming a Kia dealer. There are few Suzuki vehicles on the lot and even the Suzuki sign is looking forlorn as weeds sprout up along its base.
#195 of 204 here's a twist
by steve_ HOST
Dec 27, 2012 (8:10 pm)
"American Suzuki Motor Corp., the U.S. distributor of Suzuki cars and motorcycles, will import about 2,500 more autos to meet demand that jumped after the company filed for bankruptcy with plans to end U.S. sales."
Demand for American Suzuki autos rises after bankruptcy (Detroit News)
#196 of 204 Re: here's a twist [steve_]
Dec 27, 2012 (8:40 pm)
I wonder who's driving the sales? Fans? Bargain-hunters? The bankruptcy announcement itself might be Suzuki USA's largest marketing push since this year's Superbowl. (That's a crying shame!)
My Aerio is on its last legs, and it is unfortunate that Suzuki doesn't have a suitable replacement (Kizashi wagon!!). I'm moving on.
#197 of 204 Re: here's a twist [steve_]
Jan 13, 2013 (1:32 am)
I thought American Suzuki was bankrupt with the intent to liquidate? A company in the process of liquidation is importing an additional 2500 cars to sell?!
#198 of 204 Re: here's a twist [nippononly]
Jan 13, 2013 (4:59 am)
Yes, I read the same thing. They announced bankrupcy, and had a 22% sales increase over last year, (for that month), I think it was November. BUT they stated they still are leaving. I really wish they at least tried. Not to make a good car, because they do, but at least tried with advertising and really getting into the public eye. They only had what 4 models? All they needed was just a couple more......more than 5 dealers would have helped as well.
I think daily how I missed out on an sx4 Crossover.
#199 of 204 Re: here's a twist [joeyrab]
Jan 13, 2013 (10:53 pm)
I had a soft spot for them too, but you could see they were doomed from a long time ago.
I drove an SX4 - it had the neat thing where you could switch from AWD to FWD to save gas. It was a nice little car, but at the time the Subaru Impreza had another 25 hp and an arguably better AWD system for about the same money. The only edge Suzuki had in that race was a couple of MPG in the EPA rating.
Maybe one day Suzuki will be back - look at Fiat, gone for 20 years, turned their fortunes around at home, and now they are back in the States!