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idareya 06-14-2013 03:06 AM

Auto Insurance?
 
My 15 getting ready to turn 16 year old son is saving up for a vehicle. Probably just a old pickup. Can any of you tell me what the cost of liability incurance is going to cost him. I'm just looking for a ballpark estimate.

mountainman13 06-14-2013 03:11 AM

Likely somewhere in the area of double or triple what it costs you.

ShagNasty1001 06-14-2013 03:17 AM

My 00 BMW 328i was 55 a month I think when I was 17. I'm 20 now and drive something different

idareya 06-14-2013 03:25 AM

Quote:

Originally Posted by ShagNasty1001 (Post 1275913)
My 00 BMW 328i was 55 a month I think when I was 17. I'm 20 now and drive something different

What kind of Policy was it? Where you on your parents policy or on your own?

nitestalker 06-14-2013 03:29 AM

Insurance premiums are dependent on where you live. You are not likely to get good advise without posting your location.:)

ShagNasty1001 06-14-2013 03:36 AM

Quote:

Originally Posted by idareya

What kind of Policy was it? Where you on your parents policy or on your own?

My parents were primary and I was secondary I believe

mountainman13 06-14-2013 03:45 AM

Quote:

Originally Posted by nitestalker (Post 1275926)
Insurance premiums are dependent on where you live. You are not likely to get good advise without posting your location.:)

Also a big difference if the kid is a secondary as opposed to having their own insurance.

joseph100 06-21-2013 09:40 AM

I don't think going with basic liability coverage is a good idea, especially for a young inexperienced driver of 16. What if he's involved in an accident and he injures someone? There's nothing worse than finding yourself in a situation where your insurance doesn't cover your damages. My advise would be to think carefully about the coverage you wish to carry, shop around for auto insurance quotes/rates, find out about the discounts offered and then make a decision. You could also add him to your existing policy. It might increase your rates, but it would still be a lot cheaper than buying him his own individual policy.

c3shooter 06-21-2013 11:38 AM

No one answer- can be location specific within your state, depends on engine size, whether he is added to your policy (cheapest) or on his own, if he has had driver's ed, and his grades (good student discount)

You REALLY need to sit down with your insurance agent.

Do NOT get the lowest amount your state requires. If he hurts someone, damages their property, and it exceeds your policy limits, since he is a minor, YOU may be left on the hook for the difference.

racks1321 06-26-2013 01:29 AM

He is a young driver so go for a young driver insurance. His premiums might be double as you have now but no one really knows since the cost varies on location, car model, and the age of the driver. Try to ask your current company if they support young drivers for insurance and see if you can get a discount.


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