View Full Version : Insurance!
agentorange
03-08-2007, 12:04 AM
Ok so a couple of months ago i started a new job and the pay is good enought to buy a car in the price range of 22k-25kUSD :D , but the only reason i had not bought a new car was becouse i was waiting for some stuff to come off my driving record (3 years in the state of TX) but i got a quote on various cars with my newly clean driving record and i cant believe how much they still want to charge me, the cheapest quote was for and STI and that was still 450USD per month :shock: :shock: . i currently pay 175 just for liability on my P O S. does anyone else on here have the same problem??
BADMIHAI
03-08-2007, 12:29 AM
Yeah, man. I have a clean driving record (4 years). I'm driving a $3000 Mazda and my liability insurance (with discount for multiple cars) is $170 ish/month.
agentorange
03-08-2007, 01:14 AM
damn thats pretty bad,ha my first ever post from my phone.
Mattk
03-08-2007, 02:27 AM
It probably depends on the car you're driving. An STi would not be a cheap car to insure. And how does stuff come off your record? Your record is permanent. Are you talking about demerit points being restored or something?
damn thats pretty bad,ha my first ever post from my phone.
Now all you have to do is answer it ;) :P
agentorange
03-08-2007, 03:24 AM
i knew it wasnt gonna be cheap but 450 is too much, and it is also cheaper that some of the other cars i had in mind(350z,corvette,s200), and here in texas from what i was explained to by a judge things fall off your driving record after 3 years.
nope not at all. That's partly why I own two cars. I use my Oldsmobile as my daily commuter while I have my Trans Am listed as a collector car (you can do that with modern performance vehicles). Keep the yearly mileage fairly low and your rates will be dirt cheap.
Just a note, collector car insurance almost always requires that you have another car as a primary driver. You can still drive your fun one to work quite a bit but try to put more miles on the commuter.
agentorange
03-08-2007, 02:04 PM
Now all you have to do is answer it
i do,sometimes, i just think your phones broken and not to mention i work six days a week.
nope not at all. That's partly why I own two cars. I use my Oldsmobile as my daily commuter while I have my Trans Am listed as a collector car (you can do that with modern performance vehicles). Keep the yearly mileage fairly low and your rates will be dirt cheap.
Just a note, collector car insurance almost always requires that you have another car as a primary driver. You can still drive your fun one to work quite a bit but try to put more miles on the commuter.
i didnt think about this, i will see what happens today but i dont think it will be any better,
sameerrao
03-08-2007, 02:11 PM
Your age is the primary reason for the high rates. $450/month is very high.
I was 27 when I first starting insuring myself in the US. I got to pay $1100 for the first 6 months (because of limited driving record in the US). This fell to 900 in the next 6 months and then by $200 increments a few more times.
You need to shop around - maybe you could get a lower rate elsewhere. Sometimes if you take an umbrella policy - e.g. renters insurance (to cover theft in your home) and car insurace your overall rate will be lower.
Talk to bmuller's dad. He might be able to help make recommendations.
agentorange
03-08-2007, 02:27 PM
it is mostly becouse of my age but i dont want to have to wait for something i can have now, if none of this sstuff worksout them im just gonna get an R1.
what are you driving bmuller? and how much do you pay?
ARMAN
03-08-2007, 06:11 PM
holy cow :shock: 450 A MONTH??? I have insurance 23$ a month :lol: do you people make 20x more than we do??? insurance people are probably out of theyr minds :roll:
ae86_16v
03-08-2007, 06:40 PM
Yeah definitely shop around.
But it definitely has to do with your age and the car you are insuring. Both of those are big negatives.
Anyway to tack on to your parents policy for now? I think I am down for about $120 a month (full coverage) for my 10 year old M3.
graywolf624
03-08-2007, 07:53 PM
Your record is permanent. Are you talking about demerit points being restored or something?
In most states in the US (another thing that is state specific) after either 3 or 5 years insurance companies can not see anything on your driving record.
Points work the same way.
In fact its more complex then that because some states do not report to other states.. So its possible to get a ticket in say South Carolina and it never appear on your license in Pennsylvania.
In addition once you turn 25 your rates decline drastically. Mine dropped over 1000 a year.
Finally.. get 2 cars and make the toy be the second car. You pay almost nothing on the second car even without insurance because most companies dont charge you the make premium on a second car. As a result I pay 90 a month on my transam. As a point of comparison my daily costs me 170 a month for a mazda. So the car with 305 bhp and rear wheel drive costs me half what a daily driver with 225 bhp and fwd with the same amount of value. (same coverage).
yea, last year I only put 5000 miles on my TA and only had to pay about 90 as well.
agentorange
03-09-2007, 05:20 AM
Your record is permanent. Are you talking about demerit points being restored or something?
In most states in the US (another thing that is state specific) after either 3 or 5 years insurance companies can not see anything on your driving record.
Points work the same way.
In fact its more complex then that because some states do not report to other states.. So its possible to get a ticket in say South Carolina and it never appear on your license in Pennsylvania.
In addition once you turn 25 your rates decline drastically. Mine dropped over 1000 a year.
Finally.. get 2 cars and make the toy be the second car. You pay almost nothing on the second car even without insurance because most companies dont charge you the make premium on a second car. As a result I pay 90 a month on my transam. As a point of comparison my daily costs me 170 a month for a mazda. So the car with 305 bhp and rear wheel drive costs me half what a daily driver with 225 bhp and fwd with the same amount of value. (same coverage).
your right but i would hate to move to a different state to get decenly priced insurance. but like i said, im desperate for speed so if wosrst comes to worst im just gonna get a bike......
MIHALS
03-09-2007, 06:08 AM
just came back from the insurance company. paid 257$/year for my 320i :roll:
what a waste of money... could buy a new car-radio instead :mrgreen:
Mattk
03-09-2007, 07:09 AM
after either 3 or 5 years insurance companies can not see anything on your driving record.
Ah, OK. Because here, a prosecutor can still call up traffic offences from many years back and use them as anticedents.
The probelm with buying two cars, is well, you need to buy two cars. This is more expensive. You'll also need to find two parking spots as opposed to one.
Skaala
03-09-2007, 07:23 AM
I have a clean driving record, lisence for 5 years, and I pay $200 a month for the RS2. comprehensive insurance+
It is only possible if I have at least 3 other insurances in the same company, park in a closed garage, and drive less than 20.000kms' a year
graywolf624
03-09-2007, 01:39 PM
but like i said, im desperate for speed so if wosrst comes to worst im just gonna get a bike......
Not to burst your bubble.. But bike insurance is a whole other beast entirely.
agentorange
03-09-2007, 02:09 PM
but like i said, im desperate for speed so if wosrst comes to worst im just gonna get a bike......
Not to burst your bubble.. But bike insurance is a whole other beast entirely.
30 dollars per month for liabillity coverage.
graywolf624
03-09-2007, 03:51 PM
^^Another that depends on the state... over 150 here from what Im told.
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