insurance nightmare
- Thread starter koston33
- Start date
kickniteasy
Member
Oh, I understand man....I'm pretty sure the vast majority of people on these forums understand. I'm just trying to offer a bit of friendly advice from someone who has a lot of friends who messed up and got a lot of tickets when they were younger and are now getting taken to the cleaners by their insurance. A couple have gotten kicked off their insurance altogether because of tickets and with 2 big tickets at only 19 and now buying a performance car you're heading in the same direction. Check and see about local autocross sessions to help feed the need, something safe and most importantly, legal, haha.
kickniteasy
Member
Yeah, it's not unreasonable that he could afford this car......that, and he never said he was paying for it, maybe it's a graduation present or something but he still has to pay for insurance. He didn't ask about affording the car, he asked about insurance.
Well, even if someone buys him the car outright, if he has to pay for the insurance himself and can't, then he still "can't afford the car". Same would apply if he can't afford to put gas in it, or afford the maintenance, etc.
Affording a car is much more than just making payments. And for someone 19, with two big tickets... perhaps the only car he should be attempting to afford is a beater 1995 Honda Civic, at least until those tickets are off the record and the kid is 22 or 23.
creature75
Member
My rate went up 40.00 a month. e-surance is still cheaper then other companies.
Very true! OTD cost is only part of the equation, especially with this car and it's not so stellar gas mileage along with the cost to insure. Once you factor in everything the total cost of Mazdaspeed3 ownership is probably similar to many vehicles that sticker at 30k + MSRP. I know I couldn't afford it at 19
At 19 I was driving a mountain bike.
I had a 1984 Ford Escort for all of 6 months in highschool before heading off to college. Then I was huffing it on foot or bike until I was 21 and got a sweet '88 Acura Legend (I was 21 in 1998, so it wasn't exactly a nice new car, though it was in pretty nice condition).
I didn't buy my first new-off-the-lot car until 2001 at age 23, and even then at $26,000 OTD, it was a probably more car than I should have bought... it was tough at times to keep scraping together the $400+/mo.
its not that i can't afford insurance its just that I would like to get the least costly thats all. I was just asking for help. I have done research I was just seeing if I missed something. I am paying half for my car. Yes my rents are paying half. I am very greatful and feel truly blessed that we can afford to drop that kinda coin on a car like this. I know its wrong to surrond yourself with such material things, but this car is really all I want. So here is the update. Under my parents. We decided to put our buick under the policy also, to lower the price. It came out to 950 for 6 months. But here is the kicker. My dad was paying 125 for his buick a month to begin with. So he will pay for his insurance and I will pay for mine. Which is roughly 30 bucks a month. I have to thank whoever mentioned travelers. I owe you about 2000 dollars. I'll make it out to cash. Thanks again all. Now I get to pick up my 2007 gt with 4K miles on it for 18400.
(eekfu)
Find out the discounts and milk em dry. Just some examples are: paid in full, student, good grades, safety equipment, defensive driving, multiple car, daily driver or weekend car, primary driver, etc. Don't screw yourself with an insanely high deductible or you will feel the pain if you ever have to make a claim.
It's also based on your credit score besides the obvious age and driving record. With lower credit scores, insurance companies find you as a higher risk liability. Probably why they call it maintaining financial responsibility.
It's also based on your credit score besides the obvious age and driving record. With lower credit scores, insurance companies find you as a higher risk liability. Probably why they call it maintaining financial responsibility.
(2thumbs) i know people who built that rating system
sadly though i was in college and then in claim when that system was being built. this is the guy you should be thanking http://www.forbes.com/finance/mktgu...IdPersonTearsheet.jhtml?passedPersonId=878567$1500 a year for full coverage with way-more-than-minimum values and $1000 deductibles. 25 year old single male with 16 total career point accumulation (0 on record now) and several at-fault and non-fault collisions that are about to fall off at my next renewal.
Back in Jersey, when I first started driving in 2000 at 17 years old I was paying $1200 a year for more-than-minumim liabilities on my own policy. It was great. Several non-fault collisions and several tickets (including Street Racing) later, I was "High Risk Grouped" and paying $4,300.00 a year for minimum liabilities ONLY. When shopping for new cars in '02 I was quoted $7,400 a year on a WRX; $8,100 on a Celica, and so on. By 2006, I was down to $2900 from collisions and points falling off, still for minimum liabilities only. When I moved to Delaware, it dropped to $1800. When I turned 25, it dropped to an even $1000. Financed the MS3 a few weeks later, and now pay what I mentioned in the first line.
Maybe it'll take you getting dropped by a major carrier, put in the High Risk Group, and your insurance costs getting to that point...to get you to slow down (or at least speed smarter). Or, maybe a few more tickets and some license suspension. Hopefully it'll be that and not a tree or worse, an innocent driver.
Get older and drive safer. Only one of those you can do something about, and you should be able to recognize that you have a problem and buying a car like this doesn't help. By the time I was 19, I had accumulated 13 points in a car that did a 16 second 1/4 on a great day and had wrecked and nearly killed myself in a car that would run high 17s all day long..all due to speed and other speed-related activities. Fast car + Young Guy that admittedly wants to drive fast = Bad News. Yeah, my example proves that slow cars aren't necessarily any better, but they were still "sporty" cars. Drive a beat up 80s Accord or Camry until you get out of college and save your money; when you graduate you can buy that sports car you've wanted in cash, without having to rely on your folks or put yourself in debt.
Sorry for sounding preaching, but having been where you are, I'm just trying to give you some advice to better your life.
Back in Jersey, when I first started driving in 2000 at 17 years old I was paying $1200 a year for more-than-minumim liabilities on my own policy. It was great. Several non-fault collisions and several tickets (including Street Racing) later, I was "High Risk Grouped" and paying $4,300.00 a year for minimum liabilities ONLY. When shopping for new cars in '02 I was quoted $7,400 a year on a WRX; $8,100 on a Celica, and so on. By 2006, I was down to $2900 from collisions and points falling off, still for minimum liabilities only. When I moved to Delaware, it dropped to $1800. When I turned 25, it dropped to an even $1000. Financed the MS3 a few weeks later, and now pay what I mentioned in the first line.
Maybe it'll take you getting dropped by a major carrier, put in the High Risk Group, and your insurance costs getting to that point...to get you to slow down (or at least speed smarter). Or, maybe a few more tickets and some license suspension. Hopefully it'll be that and not a tree or worse, an innocent driver.
Get older and drive safer. Only one of those you can do something about, and you should be able to recognize that you have a problem and buying a car like this doesn't help. By the time I was 19, I had accumulated 13 points in a car that did a 16 second 1/4 on a great day and had wrecked and nearly killed myself in a car that would run high 17s all day long..all due to speed and other speed-related activities. Fast car + Young Guy that admittedly wants to drive fast = Bad News. Yeah, my example proves that slow cars aren't necessarily any better, but they were still "sporty" cars. Drive a beat up 80s Accord or Camry until you get out of college and save your money; when you graduate you can buy that sports car you've wanted in cash, without having to rely on your folks or put yourself in debt.
Sorry for sounding preaching, but having been where you are, I'm just trying to give you some advice to better your life.
Young Roids
Member
- :
- The pennies have been saved the MS3 is mine!
try western national and aig. They have been the lowest for me.
New Threads and Articles
-
-
-
Just bought a 2017 CX5 - should I be resetting the transmission shift pattern?
- By mwinfredpp
- Replies: 1