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1st child will be getting his learners permit tomorrow
Posted on 12/6/18 at 4:42 pm
Posted on 12/6/18 at 4:42 pm
In speaking with our insurance company today, we have 1 year till he will need his own insurance. In preparing for this monetary addition, is there anything we can do auto wise to reduce the cost. Does value or age of a car matter when it comes to what he will be driving? Looking into a 2011-2013 Ford Explorer which is a little bit safer than my current car for him to use to learn and as my daily driver.
1st of 4 times with our boys...want to be prepared!
1st of 4 times with our boys...want to be prepared!
13
Posted on 12/6/18 at 4:51 pm to mandevilletiger34
With four boys just go ahead and move out of state.
Posted on 12/6/18 at 4:56 pm to mandevilletiger34
The majority of the cost is just going to be his age and the bulk of the cost will be on the liability coverage, which is mandatory.
The best you can really do is get him an old enough car/non financed car to where full coverage isn't necessary.
The best you can really do is get him an old enough car/non financed car to where full coverage isn't necessary.
Posted on 12/6/18 at 5:33 pm to mandevilletiger34
Prayers sent.
I have several years until I'm in this boat and it scares the shite out of me.
I have several years until I'm in this boat and it scares the shite out of me.
Posted on 12/6/18 at 5:39 pm to mandevilletiger34
My last of 5 just rolled off my insurance, was a glorious day in my life.
OP there are several "tricks of the trade" to minimize the impact and if your agent is worth a shite they will advise you on this.
OP there are several "tricks of the trade" to minimize the impact and if your agent is worth a shite they will advise you on this.
Posted on 12/6/18 at 6:27 pm to mandevilletiger34
Luckily mine are 10 years away so by then robots will do all the driving.
Posted on 12/6/18 at 7:01 pm to mandevilletiger34
State Farm gave good grade discounts and a safe driver discount. You might want to ask your insurance agent if they do the same. The safe driver discount involved the kids watching a video of some sort. They also would send a rebate check every year on the child’s birthday.
Posted on 12/6/18 at 8:06 pm to CajunTiger92
.
This post was edited on 12/13/18 at 10:27 am
Posted on 12/7/18 at 12:17 am to mandevilletiger34
When mine began driving, they were basing his rates on the family’s most expensive vehicle - even though it was a manual and he literally couldn’t drive that car even if he were allowed. We ended up going to 2 cars with 3 drivers since I rarely leave the house anyway. His insurance is $1,500/yr., whereas with 3 drivers/3 cars it would have been over $6,000/yr.for him alone.
Posted on 12/7/18 at 6:35 am to CajunTiger92
quote:
State Farm gave good grade discounts and a safe driver discount.
We are with State Farm so I will ask about these programs.
Posted on 12/7/18 at 7:24 am to TigrrrDad
quote:
When mine began driving, they were basing his rates on the family’s most expensive vehicle - even though it was a manual and he literally couldn’t drive that car even if he were allowed. We ended up going to 2 cars with 3 drivers since I rarely leave the house anyway. His insurance is $1,500/yr., whereas with 3 drivers/3 cars it would have been over $6,000/yr.for him alone.
The cheapest option for me was buying them a beater and excluding them from everything else IF you can deal with that.
Not only kept the premiums down it kept them all out of my truck.
Posted on 12/7/18 at 7:39 am to mandevilletiger34
Give them up for adoption. They're at the age when they think you're an idiot anyway, might as well.
Posted on 12/7/18 at 7:49 am to mandevilletiger34
quote:
In preparing for this monetary addition, is there anything we can do auto wise to reduce the cost.
My grandfather sold eggs to his neighbors, so we were able to label my truck a light farm truck. That got the insurance way down. He said if I ever got in a wreck, I needed to say I was delivering eggs to someone.
Posted on 12/7/18 at 11:19 am to mandevilletiger34
Prayers sent.
quote:Absolutely. Also make/model makes can make a difference because of differing repair costs, vehicle performance, safety features, etc.
Does value or age of a car matter when it comes to what he will be driving?
quote:Ask about discounts for good student (usually 3.0 GPA) and for driver's ed/safety course. Consider buying him an older model car for cheap and just carry liability-only for to keep the insurance cost down and just hope he doesn't wreck it.
In preparing for this monetary addition, is there anything we can do auto wise to reduce the cost.
Posted on 12/7/18 at 11:44 am to mandevilletiger34
quote:
In speaking with our insurance company today, we have 1 year till he will need his own insurance
I saw you posted that you use State Farm. I also have State Farm, when mined got her license she didn't have her own car. State Farm told me that I didn't have to add her until I got a 3rd car. Fast forward, now she is in college without a car, and has never had to pay car insurance. When she turned 18 we asked State Farm again they said no we good.
Posted on 12/7/18 at 4:40 pm to mandevilletiger34
Like everyone said. The car will make some difference but the bulk of the premium will come from the driver. Try to get 3.0 discount with school. Also check into a cheap Life Insurance policy for him. When I did this, it actually gave me a net savings because of the companion discount being greater than the cost of the life policy.
Posted on 12/8/18 at 1:22 am to mandevilletiger34
Whatever you do, it's always worth it to shop around for insurance. I have teen drivers, but still felt that my insurer was raking me over the coals. After many years with that insurer, I switched to Geico and reduced my premium by 40% with the same coverage.
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