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Smart Shopper What do you pay for insurance?
212 messages, Last post on Feb 09, 2009 at 12:11 AM
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Absolutely. One other trick I picked up .. that the child must also have an amount of money set aside in a savings account to pay for the deductible should they get into an accident. And that the money must be replentished before they can drive the car again after the repairs are made.
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Replying to: michaell (Apr 11, 2008 10:52 am) |
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2002 Nissan Sentra SE-R 2008 Subaru Impreza 2.5i 22 Year old Female (me!) and 21 year old Male (The boyfriend) We both have accidents from past (3 for me-- 2 were not my fault! 2 for him -- 1 was not his fault) and We've both had our licenses for about 4 years now. I haven't had an accident in almost 2 years and The boy hasn't had one 2 and a half years. We have Geico and pay $2600 for a year. Impreza's got full-coverage (bought brand new in Oct.07) and mine's got minimal coverage(bought used in July 06) . I'm hoping to get more coverage once I get a better job but I've had no luck for some time now. Not sure how good or bad the pricing is for us. 
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2006 Dodge Ram 3500 QC dually diesel 4x4 (full coverage) 2007 Honda Pilot EX-L AWD (full coverage) 1997 Ford F-250 XC 4x4 diesel (liability, uninsured, and comp) 2004 Wilderness Yukon travel trailer (comp and coll) 2006 C&B Dump trailer (comp and coll) 2000 American 4 horse trailer (comp and coll) Just me (32) and hubby (42), 1 ticket from October 2005 (me), and one accident (hubby backed into a tree) from 2004. We just switched to Geico and are paying $2950/year, prior to that we were with Allstate and paying $4550/year. |
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Replying to: joel0622 (Apr 11, 2008 7:53 am) Besides saving money, why would a parent want their teenager on their policy? If the kid is in an accident their insurance rates skyrocket... correct?
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All vehicles are with state farm. 2006 Toyota Tundra full coverage, 1 ticket, 1 small comp. claim 2004 Toyota Highlander full coverage, wife drives, perfect record 2004 Toyota Tacoma Prerunner full coverage, 23 yr old son in college drives, no good student discount, perfect record 1999 Honda CRV, no comp or collision, 20 yr old son in college drives, good student discount, one ticket, 3 accidents nothing major. Total for all four vehicles is $2689 / 6 mos. The accident surcharge is about $450 / 6 mos.
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Replying to: jipster (Apr 11, 2008 4:21 pm) I am sure they would but how else would you insure them? They can't have there own policy because they don't own a car. At least in TN you have to be 18 to have your name on a title, and even if they could I would guess that the cost of having a 16 year old rated on there own with no multi car discounts, home owners policy discount safe driving discount, and no prior insurance history the premium would be more then the average Joe or Joleen could afford. I see 18 year olds getting there first policy on there own with no prior insurance and the monthly premium is more then a car payment. |
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Replying to: mikefm58 (Apr 11, 2008 6:22 pm) That little rule really pisses me off. I had no idea they did that until I was looking over the Dec page of my home owners policy when it renewed this year and it had gone up $140. I got to looking and the charged me a 10% claim surcharge and will continue to charge it for two more years. Last year my wife lost the diamond out of here wedding ring. The cost to replace the rock was $2100. After my $1000 deductible they gave me $1100, now they are going to ding me $140 a year for 3 years. So when all the smoke clears I will end up netting $680 for my $2100 loss. I would have preferred to just get $680 up front and be done with it. Speaking of smoke clearing here is another claim story, or should I say an almost claim story.. Back in 2001 We had just bought a house and had been in it for about 6 months, one cold evening I built a fire in the fire place. We were sitting there having a few drinks when I heard "ping" and then a small metal on metal slam. My first thought was that it sounded like the damper shutting. Next thing I know my living room is full of smoke and fire is raging out of the front of the fire place. I counted to 5 to get my composure and told my wife to get our daughter and her phone , go to the bottom of the front yard and call 911. Then I went and got the fire extinguisher which was not charged (last time I ever let that happen). So I grabbed a pitcher of ice tea out of the fridge and threw it on the fire, then got some more water and put it out. By the time the Fire Department got there I had it out but the house was still full of smoke. They used the fans to clear out. Turns out the house was built in 1983 and it still had a damper spring that had pressure on it to keep it open, the spring broke and the damper slammed shut. I called my insurance company, asked them what to do and they started a claim and recommended some smoke and fire restoration companies. Well my wife and I managed to handle it our self and I never pursued it. Here is where I screwed up. I never called back and closed the claim. 3 years later when I bought a new house I kept getting turned down for home owners insurance because there was a fire claim on my records. That took for ever to get straightened out and I ended up paying triple for home owners insurance for a year till I got it off my record. |
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Replying to: joel0622 (Apr 12, 2008 4:30 am) I could have made a claim on a dent someone left in my car in the parking lot about a year ago. My agent said it wouldn't affect my rates, but I decided not to turn it in. I don't want to give them any reason to raise my rates. The deductable would probably have been the cost to have it repaired anyhow. |
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I think its kind of interesting that everyone is randomly comparing insurance prices around the country, but location (down to the street level, I am told) makes a difference. Where the cars are parked at night and during the day, how many miles they are driven, and in some states, even the credit report factors in, so other than some arbitrary number, I don't see a whole lot of value in the information here.
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