Ok, so I recently acquired a 2k Maxima(love it so far), and today I went to get it insured. I am 18 right now, no tickets or accidents, and I was shocked when the cheapest possible full coverage insurence set me back $5300 a year! Some companies wanted to charge me $8,000+!
I was just wondering what you guys pay and what companies you use, by the way I live in San Francisco, so I'm sure that has something to do with the high cost.
Looks like I'm gonna be broke as a joke for quiet a while due to the fact that I'm just going to be working to pay the damn insurence.

 

 

Man, that's a lotta green...best way to lower the cost is to double your age and move to the middle of nowhere!!

Seriously, though, keep that record spottless. Sounds like you've shopped around but keep looking...might find a little better deal somewhere.

Welcome to the org!!

btw..try the search for 'insurance cost'.

 

If you have it in your area, try Liberity Mutual. They have some of the best rates.(I live in NJ with some of the highest premiums!)

Try to just add yourself to your parents policy, if possible.

Increase your deductable to at least $1,000. (this can really help reduce the premium)

Ask if you can take a safe driving coarse in exchange for a reduction in the premium.

Some companies will even reduce the premium if you have good grades in school.


Hope one of the suggestions helps!

STEVE

 

Wow, that's crazy. Are you living with your parents still? If you are, have them put your car in their insurance and add you as a secondary driver. Every month you can help them pay for it.

 

Have you tried Geico? "a fifteen-minute call can save you fifteen percent or more on car insurance."

www.geico.com

 

[QUOTE]Originally posted by limsandy
[B]Have you tried Geico? "a fifteen-minute call can save you fifteen percent or more on car insurance."

www.geico.com




You work for geico??



My advice is try nation wide if you have it covering san fran..
but dont settle yet shop around there are better prices out there

 

I am not going to knock on GEICO but I didnt find their rates any better than Progressive or Prudential. I am with Prudential now.. not the best company in terms of customer svce but I just like my rates low and car insured (as required by law: only reason). I did find they have good rates if you can sacrifice the imcompetence of some of their cust svce reps.

 

I did that and got my insurance dropped by 35%

 

Alright man this is what you do. I'm 19 now, but got my 2002 when I was 18. An issurance company wanted to charge me $6000 a year. Put your mom on your car for insurance if you drive a better car than her and put yourself on her car. My insurance comp. told me to do that. We even switched to a different comp. and now my insurance is lower than it was on my old 94 max

 

catch the bus!

 

Pray to God nothing happens.

 

Save 15% my ***, those bastards at Geiko wanted at least $7200, one company(Farmers) even had the nerve to demand $9800(not even kidding!). Apparently according to CA insurence laws, until a driver is 23 years of age they are still considered to be inexperienced and changed in insurence are marignal(if any), but they can always just go up.

 

Geico is mainly targets the older experienced drivers that have clean driving records. If you "qualify" then you get good rates. They r suck.

 

my insurance dropped from 398/mo to 306/mo after I got married and put the wife on the policy.. you might want to do the same

 

man that is still alot.... and i was complaining about my $100/mo and after i got married and added my wife to my insurance we are not paying $150/ mon for 2 car and we both took the driver safty course to get discount... it's worth it...

 

I've had a couple tickets..

how much was the discount for the safety course?

 

Depends on the insurance company but can be 15% (of the liability portion, not the whole premium).

 

DON'T DO IT! You're paying either way!

 

19/m, 2,530 a year.

 

If you have no tickets/accidents give AMICA.com a try. Top rated customer service by Consumer Reports. In business since 1920. No agents = cheaper rates. My insurer for 12 years.

Swapping cars with your parent makes sense too. You aren't putting anyone at greater risk since you're both required to report all drivers in household anyway.

 

I'm in NJ and CURE wanted to charge me just over $2k

Thankfully getting married has it's benefits...was able to get on Manufacturers at less than half the cost...about $950.

Funny thing is I was paying $600 or so a year liability only on my '87 Monte.

 

Horsepower has a price...
There's a reason Ford Escorts are cheap to insure. Though I have to admit, that's a harsh price to pay when you're only 18. Don't worry, I think your rates drop when you turn 24. Until then, all you can do is shop around for the cheapest rates and avoid those speeding tickets.

 

Shop around...call a lot of people...I pay $110/mo for my 2k2...under farmers. I'm 28 though, 18 does not help at all.
When I was 18 with my mustang GT, I had to be on my parents policy.

 

I am 27 and paying $364.30 for every 6 months. I am with State Farms Insurance. I have a bunch of discounts from them for having a clean driving record, family package, etc...

 

I think it's crap that they can charge that much. I'm gonna get sexist here for a sec, but if you were a chick I bet it wouldn't be that much. I paid about $2500 a year when I was 18 with a clean record. My female cousin, of the same age (born on the same d@mn day) on the other hand paid $1000 a year and totaled 2 cars with $3k of damage to a 3rd one (3 different accidents, all her cars, lord knows what she did to the other cars involved).

So I feel your pain, but take heart in the fact that it will go down eventually. Insurance is a scam, they take your money like it's going out of style then if you do have to make a claim drag their feet.

 

I smell BS. They're charging you THAT MUCH and you have a "CLEAN" driving record, even an 18/m???

Something is not adding up............

 

SteV, I do believe it. Car insurance is the biggest racket in the country now besides the college book scam.

They can abitrarily charge you whatever the hell they want, and thanks to the advent of No-fault, even if your rear-ended by a drunk your insurance can go up and you *could* be dropped from your policy if you have prior events.

EDIT: My car got stolen back in '97, not only the did the insurance decline my comprehensive claim due to a miscommunication, they also tried to raise my rates (They did raise my parents rates cause I was on thier policy).

Needless to say I give the big F*CKYOU whenrever I see anything that has to do with Prudential.

 

Have you any idea of policies and premiums for homeowners insurance??

All else pales in comparison to THAT scam!!

 

Yeah, but I've never heard a Homeowners policy dropping you after 10 years without a claim because they felt "your due for an accident" (common practice by Prud.)

 

How about just because a part of your city (or area of the country) had flooding/hurricane/natural disaster activity and a number of homes were lost, an insurance company TOTALLY pulled out of the marketplace and writes no new policies AND the ones on file have at least doubled. Then, try to buy a new house and find a company that will even write a new policy.

You can get car insurance anywhere.

 

Since you're in California, go to 21st Century Insurance and get a quote online. I switched from State Farm to 21st Century and saved over $400...then again, I'm an "experience" California driver. If not, do what all the other .ORG members are saying and go on your parents' insurance. Good luck!

 

Try Progressive....for my wifes 2002 Saturn and my 2000 Maxima we are paying 1350.00. Not bad but still expensive for New Hampshire.

8k????

Your 2k max probably has a trade value of about 2k more than that...holy dogstuff!

 

I paid 318/6 months to geico in california, full coverage, 500/500 deductable.
discount include: married, multi cars, good driver, profession and clean record.

good luck shopping!

 

Sell the Maxima and buy a 95 Alty. Invest the $10,000k difference, and the $3300 per year in insurance savings. Assuming 8% interest you will have $80,343 at the age of 28, and lower insurance premiums. Then you can afford just about any foreign or American car you want.

 

Care to eloborate on where an 8% return is to be found? Especially one which is not tied to a retirement/IRA account of some kind. And 'historical stock market performance' is an aggregate return which can be quite different from the results of individual investors or funds.

 

I also live in the Bay Area and was insured with AIS/Mercury insurance for the past year on my '02 SE. Their rates are decent, but their service is $hit. They'd raise your rates if they heard you farted in your car. I recently switched over to 21st which offered a better rate of course I'm thirty and have a clean driving record.

If you can, get under your parents insurance, if not keeping working your a$$ off and drive safely.