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#113 of 153 Re: new car owner [jmn000]
Jan 02, 2006 (9:41 am)
We are in Wis. (Waukesha County). My son got his license about 1 year ago. Cost for liability coverage only was/is about $650 per year. If he had a car that had collision coverage, total cost would be about double that. This is with American Family and we have their multiple verhicle and home/auto discounts. He also has a clean driving record.
Whatever you do don't get any tickets or have any accidents as the rates go up rapidly for young drivers.
#114 of 153 Re: new car owner [jeffyscott]
Jan 02, 2006 (11:46 am)
Is that for HIS coverage only? Does he have his own vehicle? What type of vehicle does he have? Can he drive any family vehicle?
We bought my niece a 1997 Escort. We carry no collision/comprehensive and she is NOT an authorized driver on the other family vehicles.
#115 of 153 Re: new car owner [jlawrence01]
Jan 02, 2006 (2:01 pm)
Yes, that is for his coverage only...or the coverage on the vehicle assigned to him. The vehicle is in my name...but, we have one vehicle for each driver and he is the primary driver for a 1996 Contour. We pay a total of $175 per month for 5 cars, one of which has collision and one of which is currently an extra.
He could drive any other car and be covered...not that we are going to let him drive my wife's new car, but he would be covered if he did so. (all the rest of ours are older cars with only liability coverage...so the rate would not be much different anyway). I am not aware of our insurance having any provision for making someone not authorized to drive a vehicle.
#116 of 153 Re: new car owner [jeffyscott]
Jan 02, 2006 (9:40 pm)
That sounds pretty reasonable for the amount of iron that you are insuring.
I am not aware of our insurance having any provision for making someone not authorized to drive a vehicle.
That was a provision that was proposed by the State Farm agent that my brother has worked with for the past 32 years. He wanted to reduce the cost of insurance when they added a teenage driver. They were very concerned as they own a 05 Equinox and a '03 Mustang.
(Personally, I am in the shoe leather express until they turn 21 camp )
#117 of 153 Re: new car owner [jlawrence01]
Jan 03, 2006 (10:55 am)
Yep, insurance costs are not bad in Wis.
Maybe the non-authorized thing varies by state and/or company. That option never came up when our oldest began driving, if it were available I think our agent would have said so.
Back when my oldest got her license, we had only two vehicles. The agent initially was going to rate her (as a secondary driver) on the newer vehicle which had collision coverage...he indicated that the company normally wanted them to do it that way. I told him she would be driving only the older car. He agreed with me that the company policy did not match with what most people actually do and since we had been with him a long time, he rated her on the older car. However, my recollection is he had indicated that she would still be covered should she happen to drive the newer one. I don't think she ever drove the newer vehicle at all, though.
I'd go with your shoe leather plan, except that means me or my wife have to continue driving them around. While we pay the base insurance (until age 18), if they have an accident or ticket they pay the surcharges.
#119 of 153 Accident effect on premiums
May 24, 2006 (2:04 pm)
I'm hoping someone, either from personal experience or because they're in the insurance business, can provide me with some information.
I have a 17 year old son who, while driving a friend's car (with the permission of the friend -- who was driving MY car), swerved to avoid a deer and ran off the road, doing fairly significant damage to the car. No personal injury and no property damage other than the car.
The owner of the car is being very reasonable, and acknowledges that his son, who requested the car swap, is partly at fault. If we don't want to report it to insurance, he's willing to pay some of the repair cost.
My question: does anyone have an idea how large an increase in insurance (in percentage terms, say) I can expect due an accident caused by a 17 year old driver.
Thanks very much,
#120 of 153 SR-22 Insurance Strategy
Jul 14, 2006 (2:13 pm)
Just received a "Wet Reckless" in CA. When my suspension is up, I'll have to seek an SR-22.
Any one know what's best way to approach this ?
The concern,I've heard about is that the ins co. will not only drop me but drop my wife and our home owners policy. We've been with this Co. for> 20 yrs. Or increase rates on everything, not just in coverage for me and my record
1. Drop myself from existing policy that covers wife, me, 2 car and home owners. Then seek SR-22 insurance from another company for me, only?
2. Call my ins co and ask how they will treat my offense ? (understanding that these will be a healthy increase for 3 yrs.
3 Something different ?
#121 of 153 Re: SR-22 Insurance Strategy [casj]
Jul 14, 2006 (3:27 pm)
I don't know the answers to your questions but I'm a little surprised that they would cancel your home insurance.
Can anyone help casj?