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I'm 16 and I pay (Me, not my parents) ~$80 a month, or about $450 every six months under my dad's policy. That is with the good student discount. I drive a 1999 Saturn SL2. I have a 1997 Audi A4 Turbo, and under my mom's insurance, it would be $4,200 per year, or $350 a month.:eek: That is why I drive the Saturn...
 
Disclaimer: Didn't read the thread.


Car insurance rates are based upon many things.

Age (26 and under = $$$)

Gender (males pay more)

Zip code

Coverage type (full or partial i.e., theft, collision, etc)

Liability amounts (State mins. or higher)

Deductible (Low =$$$ and High =$)

Car type (4 cyl. = $ vs. 6 or 8 cyl. = $$$) (sedan = $ vs. coupe = $$$)

Passive restraints (airbags and autobelts)

Daytime running lights

Passive alarm

% of Usage per person

Type of usage (work, pleasure, school, etc.)

Violations

Accidents

Courses taken (Defensive driving course)

Combined insurance ( If you have Home insurance and combine Auto with it, it's lower than a sole Auto policy)

BTW, I've owned 11 different cars and have been driving for the last 21 years. :)


Been there, done that, got the T-shirt!

One more thing....


You don't necessarily *have* to be put on the policy. If you have a license and live under the same address as the owner, you can drive the car and still be covered in the event of an accident. Theoretically, you could drive for two years and one day have a collision. At that point, your parents insurance would cover the costs but you'll be retroactively placed on the insurance from the last policy renewal, which might have been 6 months prior.

This is also true of borrowing a friends car and getting into a collision. Coverage is just retroactivtly applied here as well.

This is why when your folks renew their policies, theres a question as to whether there are other licensed drivers residing within the household. Whether you truly "reside" there or not, is open to interpretation! :)

Of course, your folks may not be content with that. ;)
 
Insurace

I'm 16 and I pay 110 a month on my blue 1997 mustang gt. That's only plpd tho. And if it's ur first car, don't bother with full coverage, no sense in having an obscene rate increase if you hit someone.
 
I'm 16 and I pay 110 a month on my blue 1997 mustang gt. That's only plpd tho. And if it's ur first car, don't bother with full coverage, no sense in having an obscene rate increase if you hit someone.

That is not always the case. I got a hell of a deal on my first (and second for that matter) vehicles and I was better off paying for full coverage then not. It was better for me to pay the premium and have the insurance company pay me for a totaled car then risk paying for it myself.

Under my dads plan right now I pay just shy of 1000 a year and I am 23 with nothing on my record. This is for a 98 Chevy S10 Extended cab pickup... that is candy apple red in color. I am the most expensive vehicle on my parents plan right now. I know early on the cost was much higher for my parents but I am not sure what it was off the top of my head. Since I just finished college I have to get my own plan and I am looking at around 100 a month for full coverage on the 98 S10.
 
I have a 2001 Oldsmobile Alero, if i recall correctly on liability my insurance is in the ballpark of $500 a year. Not too shabby for a 16-year old driving a car with a V6 in it as the primary driver.
 
If not earlier inferred, when asked what purpose you use the car for, always say leisure. Stating "work" or "school" indicates that you will more often drive the vehicle and thusly, increase the statistics of getting involved in an accident.

Just the same, if you are heading to work or school and are involved in an accident, state that you were on a leisurely drive, otherwise you'll get caught and premiums will go up.

Also, list yourself as a 10% driver, which indicates you'll hardly use the car and enjoy a lower rate.

Clearly, some of this may be deceptive, but that's for your conscience and wallet to decide!
 
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