major problem guys
05-22-2003, 11:53 PM
#1
Registered User
Thread Starter
iTrader: (17)
Join Date: Apr 2003
Location: Downtown oakland
Posts: 6,249
Car Info: civic
major problem guys
i want to get a wrx, my parents are willing to buy it for me, i was...THIS close to getting one tonight, but guess what. You can't drive without insurance right? so we called our insurance agent and we did a over the phone quote for how my insurance would be. AWD, turbo, WRX = 2500 for 6 months....so i was like damn...that's 5,000 a year...i relay the price to my dad while she holds on the phone, i come back only to find out it's not 2,500 per 6 months....it's 2500 per THREE MONTHS....that's a grand total of 10,000 A YEAR...which is ALMOST HALF THE PRICE OF THE FREAKING CAR.This is AAA in california, and i'm only 18 years old. Does anyone have anyt suggestions on how i might be able to get my insurance costs down? I live in the bay area, clean record, good student (above 3.0) and is in desperate need of a WRX...
05-23-2003, 12:11 AM
#2
Guest
Posts: n/a
that sounds like a rediculous amount for insurence, i have a friend who was in 2 major accidents, drives an M3, and is 17 and he only pays 5000 per year....maybe try shopping around for a different insurence carrier, the only thing i can imagine that would affect your cost so much is the location, cause ihave a 3.0+ GPA, clean record, and im only paying a 700 a year....then again, i dont drive a WRX.
05-23-2003, 12:20 AM
#3
Registered User
Thread Starter
iTrader: (17)
Join Date: Apr 2003
Location: Downtown oakland
Posts: 6,249
Car Info: civic
Originally posted by ralliart
that sounds like a rediculous amount for insurence, i have a friend who was in 2 major accidents, drives an M3, and is 17 and he only pays 5000 per year....maybe try shopping around for a different insurence carrier, the only thing i can imagine that would affect your cost so much is the location, cause ihave a 3.0+ GPA, clean record, and im only paying a 700 a year....then again, i dont drive a WRX.
that sounds like a rediculous amount for insurence, i have a friend who was in 2 major accidents, drives an M3, and is 17 and he only pays 5000 per year....maybe try shopping around for a different insurence carrier, the only thing i can imagine that would affect your cost so much is the location, cause ihave a 3.0+ GPA, clean record, and im only paying a 700 a year....then again, i dont drive a WRX.
i think it might be the area too, i live in the bay area of cali, and there are ricers out here 24/7. Those 'fixed' up civics with just an exhaust and some 15 inch rims and maybe lowered with tint. Those 16 year olds drive so crazy, we always have accidnets in front of my dad's store. crazy kids, making it worst for everyone
05-23-2003, 12:24 AM
#4
Guest
Posts: n/a
ya, i live in orange county and my area has alot of racers but i am able to live in an area where street racing is big, but not noticed at all by the CHP.... i hope to get a WRX in 2 years after i move to colorado for college, and i hope by then im old enough to have a cheap insurence for it.
05-23-2003, 12:29 AM
#5
Registered User
Thread Starter
iTrader: (17)
Join Date: Apr 2003
Location: Downtown oakland
Posts: 6,249
Car Info: civic
Originally posted by ralliart
and i hope by then im old enough to have a cheap insurence for it.
and i hope by then im old enough to have a cheap insurence for it.
my insurance told me, once i turn 19, meaning i have had my license for 3 years, my insurance will be 2700 a YEAR...right now. i'm sitting at 2 1/2 years od driving experience so my price is 2500 every 3 months.
05-23-2003, 06:10 AM
#7
Guest
Posts: n/a
ugh dont insure it in your name. insure it under your father's name, and list yourself as a part time driver. i thought everyone knew this kind of thing?
im also 18. we insured my WRX under my fathers name and under our family's group rate. it costed maybe 100 more per 6 months than insuring my old 99 durango did.
im also 18. we insured my WRX under my fathers name and under our family's group rate. it costed maybe 100 more per 6 months than insuring my old 99 durango did.
05-23-2003, 07:53 AM
#8
Registered User
iTrader: (1)
Join Date: Feb 2003
Location: Raytown MO
Posts: 85
Car Info: 2003 WRX in World Rally Blue
My Dad used to work for an insurance company, and he's explained some of the 'why' in their rates.
The short story is:
They're betting that an 18 year old person (usually an unmarried male) driving a turbo-charged sports car will destroy it in 2 years or less. Charging you 1/2 the cost of the car each year is their way of making sure that they lose little or nothing if/when the car is wrecked beyond recognition.
So, to avoid paying for the car twice ( the dealer and the insurance company) for the car, follow Enigma's advice. When I was 18 that's what I did to keep from paying an arm and a leg for insurance.
The short story is:
They're betting that an 18 year old person (usually an unmarried male) driving a turbo-charged sports car will destroy it in 2 years or less. Charging you 1/2 the cost of the car each year is their way of making sure that they lose little or nothing if/when the car is wrecked beyond recognition.
So, to avoid paying for the car twice ( the dealer and the insurance company) for the car, follow Enigma's advice. When I was 18 that's what I did to keep from paying an arm and a leg for insurance.
05-23-2003, 09:00 AM
#9
Guest
Posts: n/a
definitely register it under your dads name. that what i did with mine...i got 2500 or 3000 for 6 months thats the 2 lowest i found. but when it went under my dads name...it ended up being like 900 a year. definitely the way to go! that was over a year ago though...and the insurance companies didn't even know what the hell a wrx was, so it could have easily gone up since then. ESPECIALLY since the wrx is one of the most crashed cars. it rare to find a w with more than 30k on it. but go with the parental unit thing. after you turn 21 with no tickets a lot of insurance companies will transfer your parents rates directly to you. so be good, if its possible in a wrx. ALSO GIVE IT SUFFICIENT BREAK IN MILEAGE!!!!!!! ITS A MUST!!!!! ATLEAST 1000...2000 would be best!!! BREAK IN MILEAGE IS ESSENTIAL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
05-23-2003, 01:40 PM
#11
Registered User
Thread Starter
iTrader: (17)
Join Date: Apr 2003
Location: Downtown oakland
Posts: 6,249
Car Info: civic
okay, we are insured (my parents) have AAA insurance, and they have a policy where i cannot be under the same policy as my parents since i do not have a 3 year drivers experience. Are all the other companies like that too? that's the only reason i'm getting charged 10,000 a year, because i cannot be registered under my parents policy, and therefore i will have to be the primary driver, on the wrx, (turbocharged sports sedan). Can i just go with another compnay for the wrx, and have my parents register as the primary driver while i'm the secondary, and pay for that premium and i drive it 24/7? i need help guys, parents are willing to buy the car, i just need to find a way around insurance right now. BTW i need full coverage, because parents think i'm still young for just liablity and plus it's a new car. Thanks
05-23-2003, 02:03 PM
#12
Guest
Posts: n/a
i think you can have them insure the car with a different company, but im not an insurance agent and can only speak from my own personal experience.
do your parents have an umbrella policy? if so, that will cause major problems because insuring the car under another company will not keep it included under the old umbrella.
if u dont have an umbrella policy i think you should be okay if u insure it under your fathers name with a diff company.
do your parents have an umbrella policy? if so, that will cause major problems because insuring the car under another company will not keep it included under the old umbrella.
if u dont have an umbrella policy i think you should be okay if u insure it under your fathers name with a diff company.
05-23-2003, 04:42 PM
#13
My experience with insurance... consider the following:
.I live in the Bay area where all the ricers are at.
-In a family plan, provided by insurance company called Mercury.
-I am 18.
-Mom drives an '03 Dodge Van
-Dad drives an '02 Celica GT-S 6 speed, and full body performance kit.
-I drive an '03 WRX Sedan.
-No tickets, 1 minor accident in an MK1 where I was backed into.
In conclusion, a little less than $3000 per 6 months.
I am under my dad's name, but my dad drives an '02 Celica. So even if I switch under a different car, my insurance still beats up on me.
So I'm stuck with that, and I think Triple AAA, like most people, is too expensive.
.I live in the Bay area where all the ricers are at.
-In a family plan, provided by insurance company called Mercury.
-I am 18.
-Mom drives an '03 Dodge Van
-Dad drives an '02 Celica GT-S 6 speed, and full body performance kit.
-I drive an '03 WRX Sedan.
-No tickets, 1 minor accident in an MK1 where I was backed into.
In conclusion, a little less than $3000 per 6 months.
I am under my dad's name, but my dad drives an '02 Celica. So even if I switch under a different car, my insurance still beats up on me.
So I'm stuck with that, and I think Triple AAA, like most people, is too expensive.
05-23-2003, 07:20 PM
#14
NASIOC Slut
iTrader: (2)
Join Date: Nov 2002
Location: Roseville, CA
Posts: 4,723
Car Info: 1995 Subaru Impreza 1.8 L
Wow. I have AAA and i'm only paying like 1600 a YEAR (full coverage) for my Impreza... Then again its not a WRX nor is it a new car, but I am only 23 and live in Cali... 10,000 a year is just insane for anything next to a exotic luxury brand car.
Last edited by Kostamojen; 05-23-2003 at 07:26 PM.