Not enough power... In 2005

i know back the in the day the lx and gt 5.0's were the same car except for some trim, the the gt was more to insure

lodom said:

Higher priced cars generally equate to higher insurance costs, but not always. I can insure a $45K Vette, for about the same amount as a GT Mustang (I'm not kidding). Claim history for the vehicle, has a lot to do with the insurance rates along with the age and driving record of the owner.

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Agreed. I said this in an earlier post.

ryanrule said:

i know back the in the day the lx and gt 5.0's were the same car except for some trim, the the gt was more to insure

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Because the insurance companies look at the LX and the GT, essentially, as two different cars. Different accident histories, theft rates, different MSRP, etc etc.

If Ford came with the Mustang GT and the Mustang GT-B, and they were identical in every way. the insurance rates would be different. The GT has a history, the GT-B doesn't. No actual accident or fatlity rates, no theft rate yet, etc. They would base the insurance rate on similar vehicles, safety tests, MSRP and make an educated assumption as to where the car will fit into those categories; at least, until the car had a history of it's own.

In fact, let's just end this debate:
Here is some information straight from Allstate's site:

How are my Auto Insurance Rates Determined?


The auto insurance premiums you pay to insure your car can vary dramatically. There are 7 major factors that affect your insurance rates: your driving record, family members, type of vehicle, marital status, where you live, age and gender. Here is how these factors may influence how much you pay:


Your driving record
Your record plays a crucial role in determining premiums. If you've been involved in an accident that was determined to be your fault or if you have traffic convictions on your record, you may pay more for your insurance. That's because statistics indicate such drivers generally have repeat accidents or violations within three years. For drivers with poor records who cannot find coverage, there are state regulated insurance plans called "assigned risk pools" or "shared markets." In these plans, the state assigns a company to provide coverage for a high risk driver.

Your family members
Insurance premiums not only reflect your age, gender and driving record, but those of other licensed drivers in your household as well. A teenage son who drives your car or a spouse with a poor driving record is likely to increase your insurance rates.

The kind of car you drive
Certain car models may be considered risky because they cost a lot to repair, are frequently involved in accidents or are popular with car thieves. Owning one of these cars may double your collision and comprehensive premiums. High performance cars and sports cars, for example, usually cost more to insure because of high accident rates. Keep this in mind when shopping for a car to prevent costly surprises when it comes time to insure it.

Marital status
Statistically, young married drivers have fewer accidents than young single drivers, so they generally pay lower premiums.

Where you live
Rates are regulated on a state-by-state basis, therefore rates in Texas and New York will differ. Rates also vary between locations within a state. That's because the risks of accidents, theft and vandalism vary significantly from one community to another. For example, people in small towns generally have been found to have fewer auto accidents than people living in large cities, so they may pay less for insurance. Other variables include typical regional weather conditions and local auto repair prices.

Age
As a general rule, drivers under age 25 have more accidents than older drivers, so they pay more. Drivers between 50 and 65 years of age have low accident rates and are sometimes offered discounts. Past the age of 65, accidents seem to increase and rates generally begin to rise again. People over 70 may have trouble finding an insurer to accept them as a new customer, and when they do find coverage, it may be expensive.

Gender
A young man under age 25 generally pays more than a woman of the same age. This is because young men are involved in more accidents than young women and have more than three times as many fatal accidents.

lodom said:

Higher priced cars generally equate to higher insurance costs, but not always. I can insure a $45K Vette, for about the same amount as a GT Mustang (I'm not kidding). Claim history for the vehicle, has a lot to do with the insurance rates along with the age and driving record of the owner.

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You're correct. I traded in my 2000 Integra for a 2004 Mazda 6s (much more expensive than the Integra) and my insurance went down. With the Integra being a sporty coupe and with its history of being one of the most stolen cars in the US, insurance was high as compared to the price of the car. The 6 is very cheap to insure. I dropped the deductible down to $250 and it was still cheaper than the Integra. The interesting thing was that I was also considering a 2004 Mustang GT and the insurance was only slightly higher than the Integra. When I called my agent, I was expecting a big jump on Stang but they said due to my driving and claims history, it really wasn't that much more to insure it vs the Integra.

BTW, I liked the Stang but I decided to wait for the '05 and went for the 6 instead. I figure I'll keep it until late '05/early '06 and then go Stang shopping!

RICKS said:

Totally uninformed and untrue statement....

Go test-drive an '04 Mach 1. You'll recant your original statement immediately. The 3V VVT in the '05 should be even snappier.

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Actually having driven a Mach I around for about a week and owning a 01 WS6 I would have to say the LS1 tons of more torque down low. Which is odd because the LT1 has even more torque in the lower RPMs than the LS1. In low end torque I would go

LT1 > LS1 > Mach I > 99-01 Cobra > 96-98 Cobra.

There is nothing to say about the 4.6 3 valver as technically it does not exist (From a complete production unit) as of yet. Same with the LS2 powered cars.

spectravp said:

Of course it does, but not because of horsepower. It will simply because they are going to put you in a higher risk bracket, the V8 bracket instead of the V6. .

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and why do you think that it makes it a higher risk bracket? Its b/c of the HP rating.

I think we both have alot of good points about this topic but when it comes down to it Ins company's look for every reason possible to hike up our rates. Regardless of its age, type of car, HP, saftey standards of the car, % of times those cars are crashed it all has some type of factor.

Depending on the company, the Insurance rates on Cobras are lower than GTs.

Accident rates rule the day, not the engine, not the number of doors, not power to weight ratio, etc....

63_Fairlane said:

Depending on the company, the Insurance rates on Cobras are lower than GTs.

Accident rates rule the day, not the engine, not the number of doors, not power to weight ratio, etc....

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Exactly... some people just can't get it through their heads: horsepower means nothing to insurance.

My 380 hp Lightning is insured as a F-150 XL for $363/6 mo. Yes, they know it's a Lightning and no, they don't care how much hp it has.

My 2000 Celica GT-S costs more than my old 89gt ever did on insurance. Only after I bought my GT-S did I find out the reason for the high rates were because more younger drivers file more claims on this type of vehicle. It's definitely not the 180 hp that's causing the high rates.

spectravp said:

Gender
A young man under age 25 generally pays more than a woman of the same age. This is because young men are involved in more accidents than young women and have more than three times as many fatal accidents.

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yeah i saw an aargument for this crap once. it wnet like this "since there are twice as many men drivers as women drivers under 25, they have twice as many accidents, and therefore should have higher insurance"

im like wtf

The new Hemi are putting down 345HP. Ford is always low on the HP nowadays. But then again, 300HP may just be RWHP or is it not.

PJM99 said:

The new Hemi are putting down 345HP. Ford is always low on the HP nowadays. But then again, 300HP may just be RWHP or is it not.

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The only problem is that Chrysler has seen fit to only put that engine into trucks or 4000+ lbs, $30K+ sedans or wagons with auto trannies. When they drop into a 3400 lbs coupe with a manual tranny that only costs around $25K, they might just get my attention (operative word is "might"). It'll be interesting to see what the new Charger has in store.

Rumor has it that the 300HP is underrated. Muscle Mustangs & Fast Fords reported that clandestine dyno testing of an '05 yielded 290RWHP which would put the flywheel power well north of 300. Again, that's only rumor. I guess we'll know for sure in a few weeks.