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Help, I'm a new driver and insurance costs are giving me a heart attack

138 messages,  Last post on Apr 11, 2013 at 5:31 PM

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Messages Page 12 of 15

#107 of 138 Re: My NJ experience [phase2k2] by joel0622

Jun 09, 2007 (2:20 pm)

Replying to: phase2k2 (Jun 08, 2007 5:06 pm)
Then your Aunt is liable if anything happens and they can go after her in a law suit.
 
Not to sound like a smart ass but the best advice I can give is to move to a state that does not rape you to live there.
 
Your rates are 750% higher then mine and I feel pretty confident in saying that a guy who does the same thing I do for a living does not make 750% more on an annual basis.

#108 of 138 Re: My NJ experience [joel0622] by blueiedgod

Jun 11, 2007 (1:13 pm)

Replying to: joel0622 (Jun 09, 2007 2:20 pm)
Your rates are 750% higher then mine and I feel pretty confident in saying that a guy who does the same thing I do for a living does not make 750% more on an annual basis.
 
I can tell you that you are absolutley right. I moved to Buffalo from Stamford, CT (originally from the Bronx, NY) and the cost of living is astronomical compared to NYC and suburbs.
 
My mortgage payment on a 1500 sq. ft house (yard, garage) in 2nd safest town in the whole US (Amherst, NY dropped from No. 1 spot after an anti-abortionist killed an obstetritian) is $375/month. Compare that to my sister's $3500/month rent on a 600 sq. ft apartment on 34th street and 10th ave in Manhattan.
 
Given that we are in different industries, but she does not pull in anywhere near the 10 fold difference in the cost of living. She DOES make more, but only 10-15% more and only because she is in finance field and I am in R&D field.
 
A friend of mine who lives in Manhattan is in the same field and makes just as much as I do in Buffalo.
 
Some will think that life just stops outside of the isle of Manhattan, but they are just as wrong as the people who proposed that earth was flat and sun rotated around the earth.

#109 of 138 Re: My NJ experience [blueiedgod] by bobst

Jun 11, 2007 (4:14 pm)

Replying to: blueiedgod (Jun 11, 2007 1:13 pm)
You mean the earth ain't flat? Dad gum! Thanks for ruining my day.

#110 of 138 Re: My NJ experience [bobst] by tidester

Jun 11, 2007 (6:26 pm)

Replying to: bobst (Jun 11, 2007 4:14 pm)
You mean the earth ain't flat?
 
If it helps, you can say that the Earth is flat - locally!
 
tidester, host
SUVs and Smart Shopper

#111 of 138 Re: My NJ experience [phase2k2] by kirstie_h HOST

Jun 12, 2007 (11:03 am)

Replying to: phase2k2 (Jun 08, 2007 5:06 pm)
And if she is listed as the main driver and you're an occasional driver when that's not the case, that could be considered insurance fraud. It would also be fraud if you say that you live at her house when you do not.
 
As we mentioned earlier, there's nothing (legal) behind door #3. Pay the high insurance rate or buy a car that's cheaper to insure.

#112 of 138 Re: My NJ experience [kirstie_h] by phase2k2

Jul 02, 2007 (8:12 pm)

Replying to: kirstie_h (Jun 12, 2007 11:03 am)
best i found was a 1993 altima
 
3125/6month policy in minium state requirement no comprehensive.
 
should i take it or no?

#113 of 138 Re: My NJ experience [phase2k2] by oldfarmer50

Jul 03, 2007 (3:42 am)

Replying to: phase2k2 (Jul 02, 2007 8:12 pm)
"...should i take it or no?..."
 
Yes, take it and then drive it to another state that doesn't rape it's drivers.

#114 of 138 Re: My NJ experience [phase2k2] by kirstie_h HOST

Jul 03, 2007 (6:50 am)

Replying to: phase2k2 (Jul 02, 2007 8:12 pm)
Hey, now you're thinking sensibly! Buy that, or something like it, and drive it for at least a year. By then, you'll no longer be a "new driver," and you may find that your rate will go down.

#115 of 138 NJ experience by olddog7

Jul 31, 2007 (8:14 pm)

I know I'm coming in to this a bit late, but what about renting a car? Sounds like it could be cheaper than even owning a car is that area. Although I don't know who rents cars to such young drivers. If insuring a car in the Bronx is over 12k a year for phase 2k2, maybe he should use the public transportation there and take car service or taxis for more important occassions.

#116 of 138 Is it really that expensive? by sandpaper

Sep 03, 2007 (5:37 pm)

Here's the lowest price I got in the state of WA, using Geico:

$516.80 for 2008 Volkswagen Jetta - 6 months
Bodily Injury Liability(BI) $25,000 / $50,000 $ 301.5
Property Damage Liability(PD) $10,000 $ 215.30
 
I am a full-time 4 year university student with good academic standing. I've had my license for just about 3 years now - always been on my parent's plan.
 
Is this too cheap? Too basic? What should I be concerned about? I'm assuming that if the car is financed in my name and the insurance is in my name, they won't go after my 'assets' if something screwy happens (I don't have any assets). If the car is financed, am I required to purchase more coverage?

Messages Page 12 of 15

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