Auto Insurance?

Discussion in 'The Club House' started by idareya, Jun 13, 2013.

  1. idareya

    idareya New Member

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    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.
     
  2. mountainman13

    mountainman13 New Member

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

  3. ShagNasty1001

    ShagNasty1001 New Member

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

    idareya New Member

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

    nitestalker New Member

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    Insurance premiums are dependent on where you live. You are not likely to get good advise without posting your location.:)
     
  6. ShagNasty1001

    ShagNasty1001 New Member

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    My parents were primary and I was secondary I believe
     
  7. mountainman13

    mountainman13 New Member

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    Also a big difference if the kid is a secondary as opposed to having their own insurance.
     
  8. joseph100

    joseph100 New Member

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    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.
     
  9. c3shooter

    c3shooter Administrator Staff Member

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    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.
     
  10. racks1321

    racks1321 New Member

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    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.
     
  11. Axxe55

    Axxe55 The Apocalypse Is Coming.....

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    as a general rule, young men pay a huge price for insurance until they are at least 25. but actually, there is no way to even give a ballpark figure, because it depends on so many different things. like has he had driver's ed? where do you live? will he be on your insurance or on his own policy? also different insurance companies even in the same palce can have a huge difference in price for the same amount of insurance. just too many variables to give an answer.
     
  12. hockeyjr1

    hockeyjr1 New Member

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    I was 16 with an 93 camaro paying 285 a month fpr insurance on my own plan with basic coverage and no comp or collision .. Yet another reason why living in ny sucks real bad..

    I pay 140 a month now in 21 with a 03 dakota.. Got 50/100/50 liability and full comp and collision..

    Just a heads up, whoever he goes with, have him get a quote from qeico when he turns 18.. They don't insure anyone under that age.. I started with State Farm...

    I went from 1850 every 6 months to 640 every 6 months.. So I guess I can say I called geico and saved a ton on my car insurance!!! 65.4% to be exact!!!! Lol
     
  13. ctshooter

    ctshooter New Member

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    When my step son got his license we also talked with our ins. company and got a $1,000,000 umbrella. Have to think about in dollars and cents. Basic liability is somewhere around $25,000 property damage. If he were to rear end a basic SUV that is newish and total it there wouldn't be enough coverage to pay for it. Guess who is in the hook for the rest???? The umbrella only cost us like $12 a month so it was a brainless decision.
     
  14. Axxe55

    Axxe55 The Apocalypse Is Coming.....

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    age does have it's advantages. i'm 50 and was paying about $220 a month for full coverage insurance on two vehicles and our home insurance combined. when you combine auto and home insurance together, most companies give a discount. plus having a squeaky clean driving record helps a huge amount as well.
     
  15. racks1321

    racks1321 New Member

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    Axxe is right. I also know someone who benefits when it comes to insurance because of his age, 50+ or so. I guess you just have to look for a cheap insurance for young drivers since young drivers are considered high risk by insurance companies.