Last post on Apr 11, 2013 at 5:31 PM
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#131 of 138 Re: Best cars and year for insurance [kirstie_h]
Jun 15, 2012 (2:12 pm)
kirstie/michaell/billy: thanks very much. I think a top 10 list would be great. Your experience kirstie seems to point to what USAA was saying: midsized cars over economy cars for lower insurance. From my perspective, I have steered out of so many accidents in the last 40 years because I drive small cars. It seems like the insurance companies want us to drive reinforced tanks to keep personal injury claims down. I'll stick with my econo boxes and avoid bad drivers as I have done for decades. I'll keep cars like the 2012 Yaris with 9 airbags on my short list until insurance costs beat me into submission
#132 of 138 Re: Best cars and year for insurance [maxx4me]
by kirstie_h HOST
Jun 15, 2012 (2:29 pm)
While not specifically about insurance, there's a new article called Best Cars for Teen Drivers on our site. One of the factors in True Cost to Own (which was one of the rating criteria) is insurance costs. Might be worth reading about what's recommended and why.
#133 of 138 Re: Best cars and year for insurance [kirstie_h]
Jun 17, 2012 (7:23 am)
Along the lines of what the article mentions:
- Get a base engine with AT. Base engine = less chance/ability to do burnouts & other "dumb teenage driver" tricks. AT = easier for the novice driver.
- Avoid any model or trim that is "sporty" or performance-oriented. Coupes are often perceived as sporty so that might be where the "avoid coupes" advice is coming from.
- Add available optional safety features. Note that some won't impact your insurance rates; others might. It will depend on your insurance carrier.
- Find a model that's cheap to repair.
On the insurance side of the equation:
- Shop around on your insurance carrier.
- We have a combined policy with both cars & our home. Getting home owners insurance bundled knocked like $70 off the 6-month premium on the auto side. The home insurance is still paid by mortgage escrow so that's not messed up.
- Look for payment discounts. Lots of insurers offer monthly or quarterly options, but there can be added fees. Paying 6 months at a time avoids that for us.
If your agent is any good, they won't mind spending a little time on the phone with you going over 3 or 4 options. Good agents are interested in building long-term relationships and realize that looking out for their customers can earn a higher repeat customer rate.
#135 of 138 Gen Y press request
by steve_ HOST
Jul 19, 2012 (12:45 pm)
A reporter is looking for Midwestern/Southern US residents between the ages of 17 and 30 who do not plan to purchase a vehicle and who frequently use public transportation. If you fit this description, and you are willing to share your story, please send your daytime contact information to predmunds.com no later than 10 a.m. Pacific on Friday, July 20, 2012.
#137 of 138 Re: Insuring Teen Drivers - save $$ at insweb.com [mikefm58]
Apr 11, 2013 (3:03 pm)
Oh Oh Oh..I can't wait to sign up...I've also got two teen age drivers. One has 3 tickets but no accidents and the other has 3 accidents but no tickets.
That doesn't surprise me at all LOL!
Tickets probably represent a self-thinking good driver, and accidents a terrible driver. The way police do traffic enforcement, tickets have nothing to do with safety.
#138 of 138 Re: My NJ experience [kirstie_h]
Apr 11, 2013 (5:31 pm)
There is nothing behind door #3.
To revive an old dead horse, door #3 in CA would be to purchase a $50K bond in CA to self insure. Not sure what other States require to self-insure. But if someone gets quoted more than $5K/year, this would makes sense. Money is free to borrow right now pretty much with rates so low, so you might as well take on the risk, and then reduce that risk to near zero by driving carefully and taking it seriously. In a few years time you'll have enough money saved up to cover a new car should you get into a wreck; which you won't if your taking driving seriously and driving carefully.
Exceptions: If your car is stolen, or your hit by an uninsured; your screwed.