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Started By
Message
Auto insurance for teens
Posted on 4/1/15 at 4:48 pm
Posted on 4/1/15 at 4:48 pm
My kid turns 16 in a few months, and I was planning on buying him a new Mustang ecoboost (the 4-cyl). Just called State Farm for a quote, and with all the discounts (good student, drivers' ed) it is nearly $6K/yr. - so there goes the Mustang. This seems a little outrageous. Of course, I could call around for other quotes, but switching from Progressive to State Farm saved me over $1,500/yr. since it gave me a big discount on my homeowners as well. I've always planned on making him pay half of his insurance to help teach him a little fiscal responsibility. Is everyone really paying this much for teen auto insurance on a decent car?
17
Posted on 4/1/15 at 4:48 pm to 911Moto
Holy crap dude
Posted on 4/1/15 at 4:49 pm to 911Moto
quote:so people can make fun of him?
buying him a new Mustang
Posted on 4/1/15 at 4:49 pm to 911Moto
Mustang = "performance vehicle"
Same thing happened to me on my damn Z71. Insurance sucks.
Same thing happened to me on my damn Z71. Insurance sucks.
Posted on 4/1/15 at 4:52 pm to 911Moto
quote:
My kid turns 16 in a few months, and I was planning on buying him a new Mustang ecoboost
Yeah.. honestly i'd avoid anything in that realm of car..4cyl or not .. tis still going to be listed as as a performance or sports type car..and with a 16 male ...prepare to pay
This post was edited on 4/1/15 at 4:53 pm
Posted on 4/1/15 at 4:53 pm to 911Moto
Depends on your coverage, but if you're in Louisiana I'm honestly not surprised.
Posted on 4/1/15 at 4:54 pm to Shadowlink
quote:
Depends on your coverage
sounds like he's purchasing new.. so he'll have to carry comp/coll and liab..
Posted on 4/1/15 at 4:55 pm to 911Moto
2 door sports car + 16 yr male = bend over
Posted on 4/1/15 at 4:56 pm to 911Moto
quote:
- so there goes the Mustang
Dang Dad, buy the boy the car and suck up insurance. Same thing happened to me when i was 16 many moons ago. Dad was gonna buy me a 1 year old very nice El Camino...instead got to drive Mom's light blue Ford Ranch Wagon station wagon. Yeah I'm old.
Posted on 4/1/15 at 4:58 pm to 911Moto
Males in general are typically expensive to insure until they hit 25... Mainly b/c we men in our youth tend to be full on retards when behind the wheel
This post was edited on 4/1/15 at 4:59 pm
Posted on 4/1/15 at 4:59 pm to 911Moto
I work in insurance, on the carrier side, albiet in commercial lines and not personal, but I know enough to be able to say for certain that the company and its systems give not one single frick that it is a 4 cylinder. They are not that sophisticated. It/they see "16 year old" and "Mustang" and that's all she wrote. Hit him a Volvo station wagon or an old pickup and watch that premium fall. It'll still be a lot, but you are mad if you get him anything classed as "performance", deserving or not.
Posted on 4/1/15 at 5:03 pm to 911Moto
It doesn't change much.
I'm 22 and get discounts for drivers ed, gpa, and safe driver.
Still pay 3k a year because of my car I drive
I'm 22 and get discounts for drivers ed, gpa, and safe driver.
Still pay 3k a year because of my car I drive
Posted on 4/1/15 at 5:03 pm to Phil A Sheo
quote:Yeah, I guess I was asking if he carries minimum liability vs. something like 250/500.
he'll have to carry comp/coll and liab
Posted on 4/1/15 at 5:08 pm to 911Moto
When my were teens not that long ago it was $100 month each to add as authorized driver and another $100 each when they got their cars. Girl was a little cheaper. The rates dropped after 3yrs. Make and model make a big difference.
Posted on 4/1/15 at 5:21 pm to mworld938
I have always wondered this. If you lend your car to a friend and he gets in a wreck. Does your insurance cover damages or does his auto insurer cover damage? If your insurance covers damage why couldn't you just do the same with a teen? "They were just borrowing car and doesn't drive it usually."
Posted on 4/1/15 at 5:21 pm to 911Moto
Listen up.
No 2 doors.
No 8 cylinders.
No 4 wheel drives.
No convertibles.
No sports cars.
No 2 doors.
No 8 cylinders.
No 4 wheel drives.
No convertibles.
No sports cars.
Posted on 4/1/15 at 5:25 pm to cuyahoga tiger
They live with you
Posted on 4/1/15 at 5:27 pm to cuyahoga tiger
The rules change when a driver lives in your house most of the time.
If they do and are not covered for your household vehicles, your carrier may leave you on your own if they have an at fault accident.
If they do and are not covered for your household vehicles, your carrier may leave you on your own if they have an at fault accident.
Posted on 4/1/15 at 5:30 pm to 911Moto
Put car in your name and insurance in your name.
In 1998 my mustang in my name was $250 month in my dads $72 month.
In 1998 my mustang in my name was $250 month in my dads $72 month.
Posted on 4/1/15 at 5:33 pm to bulldog95
Call geico. They saved me about 600/yr but they saved my coworker about 2k a year bc she has her 2 teenage drivers on her insurance.
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