My son just got his driver's license. He's 18. To add him to my insurance, it would add $1000 to my monthly premium. Looks like he's walking.
Auto Insurance-Highway Robbery
- Thread starter RoundinCircles
- Start date
Yikes! A Thousand a month extra? Holy smokes. I'd check around and try to get a quote from another company. That's ridiculous. Especially since he's 18, and not 15 1/2 or 16.
I told my 18yo grandson I'd help him with finding a car but he would have to get his own insurance.
My granddaughter was on my insurance and it cost me an extra $600 a month
My granddaughter was on my insurance and it cost me an extra $600 a month
woodsy
Buckeye
Must be a "mutual" insurance company. Like Liberty Mutual, which we had until about 20 years ago, when they went national and began TV commercials, and tried to raise our rate more than 35% per year. Dropped them. Also like that NJM, which you may have heard of recently.
Jimbo357mag
Hawkeye
Just have him get his own car and get min-liability. You might be able to add that to your bill.
sc1911cwp
Single-Sixer
Ask about taking a Drivers Education Course. Someone in the Family or Friend teaches you to drive doesn't count. AAA has an Online Course. Just make sure it's recognized by the Insurance Company and saves you some money after its cost.
Here is the way we did it with both kids. Their car and ins. was in their name with min. ins. If they were to get in a serious wreck and law suit it WAS NOT on us. When they are on YOUR insurance it is ON YOU.
A Guy I worked with Son had a wreck and killed a person. It did not come back to the Dad and that is why I did the Ins. the way I did.
They also could still drive our cars because they had their own Ins.
Check this out with YOUR Insurance Co. and see what they say.
A Guy I worked with Son had a wreck and killed a person. It did not come back to the Dad and that is why I did the Ins. the way I did.
They also could still drive our cars because they had their own Ins.
Check this out with YOUR Insurance Co. and see what they say.
Yeah they really rip ya off. Trouble is you can't expect a 16-18 year old to afford all these cars and insurance premiums these days. I recall back in my high school days guys would be driving a bomber they paid under $200 for with little insurance. Forget about those days now. had to take a loan for my first and second car and even back in 1969 cost me $320 and in 72 or 73 paid $450 for the V-8 Challenger. Seems everything is ruined much worse these days financially.
Have you seen a high school parking lot recently? You won't find many old beaters there these days.
GypsmJim
GypsmJim
If you typed that correctly, and it truly is a $12,000.00 annual premium increase, I suggest that somting wong. That cost is worse than outrageous.
The common idea is have them get their own car and own insurance. But that's dumb as well. If they get a part time job to afford it, then OK. If they don't have a job they don't need a car.
The common idea is have them get their own car and own insurance. But that's dumb as well. If they get a part time job to afford it, then OK. If they don't have a job they don't need a car.
Well lets go to the way back machine to 1959&60.
I bought a VERY nice 1953 Ford Victoria for $600=$6,159 my first car. I was making $1.05=$10.78 today part time at a Supermarket about 25/30 hours a week. My insurance and car payment was $50.00=$513.29 today.
So it can still be done. Both my Kids had to with a Son in 1983, 79 Camaro and a Daughter in 1988, 84 Z28 Camaro. I went to the bank and cosigned for both of them. Trey worked at an Airport and Kathy worked as a Waitress.
I bought a VERY nice 1953 Ford Victoria for $600=$6,159 my first car. I was making $1.05=$10.78 today part time at a Supermarket about 25/30 hours a week. My insurance and car payment was $50.00=$513.29 today.
So it can still be done. Both my Kids had to with a Son in 1983, 79 Camaro and a Daughter in 1988, 84 Z28 Camaro. I went to the bank and cosigned for both of them. Trey worked at an Airport and Kathy worked as a Waitress.
Last edited:
OP
Thanks for the advice guys. I'm going to shop around to see if there is anything better. The kid is talking to the Army recruiter so maybe I won't have to worry about it for too long.
Try checking with an insurance broker, who sells many brands of insurance.
We took the Dave Ramsey seminar, and tried one of his “endorsed local providers,” who was a broker, vs. agent selling a single line.
We have better coverage than our old policies, for LESS THAN HALF of what we used to pay!
Only drawback: we have to pay a year at a time, to get the best price. Not a big deal, if you’re budgeting…
We took the Dave Ramsey seminar, and tried one of his “endorsed local providers,” who was a broker, vs. agent selling a single line.
We have better coverage than our old policies, for LESS THAN HALF of what we used to pay!
Only drawback: we have to pay a year at a time, to get the best price. Not a big deal, if you’re budgeting…
Out of the blue USAA jacked up our rate $1,000 a year. No tickets or claims, nothing. Called and didn’t have a reason. I’m pissed and will be shopping around. Hate to leave them after more than 30 years but it is what it is.
Yikes! I know you wouldn't really want this to happen and neither would I but at those rates, you'd almost wish he'd have a non-injury fender bender just so you could get some of your money back from them. Of course, in the long run, that wouldn't work either because they just jack it up to $2000 a month or cancel him altogether.
Definitely shop around. We had a similar experience years ago when our first teen got his license. Another insurance company was thousands less.
Also look for every discount that you can. Bundled car and home, safety features on the car, legitimate driving course, good student discount. Get the boring family cars, not the high performance models. Where you live is important too. Good luck.
Also look for every discount that you can. Bundled car and home, safety features on the car, legitimate driving course, good student discount. Get the boring family cars, not the high performance models. Where you live is important too. Good luck.
buckeyeshooter
Blackhawk
I used to shop insurance in the USA every 2 years. The agents always increase your cost every year and the car value goes down every year. Why do they do it, they get a bigger commission. Now that I retired in Thailand, insurance goes down every year and we pay about $400. a year for no deductible full coverage on a Ford Festiva we bought new 10 years ago. I think it will last until I am gone, only has 32 000 miles on it.
shoot to thrill
Single-Sixer
why is it dumb for them to get their own car and insurance? to me it is dumber to buy them a car and pay the insurance. the same people that moan about kids being lazy not wanting to work are the same ones that pay for everything for their kids. why work? at 16 I had 3200 saved. got my permit and plates same time. went home screwed the plates on
LuckenbachTexas
Buckeye
Right on
Rates have gone up so much, probably in part that parts are so much more expensive. Add all the drivers without insurance and wrecks where the companies cannot collect anything because of the uninsured motorists, I am not surprised rates have gone up. Supposedly, one third of drivers here, don't have insurance.
Exactly! About 20 years ago, I managed to get a job transfer from California to rural New Mexico ("Oh, thank God!"). The cost of everything in NM was markedly lower - except car insurance. When we commented on that, the folks that had been there longer told us, "It's because half the drivers, including most of the illegals, don't bother with car insurance!"
Even in places where you have to show proof of insurance to register the vehicle & get plates/tags, a lot of people only keep the insurance long enough to make the government happy, and then cancel it. So, it's sort of like buying your groceries from a store that has a big shoplifting problem - the costs from all the deadbeats have to be covered by the honest customers. Anyone who actually pays for car insurance is also paying for all of the uninsured motorists.
GypsmJim
GypsmJim
You read my post wrong. Maybe I worded it bad. You just agreed with me.
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- Dec 9, 2013
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Ever since Arizona made it mandatory it just keep going up! Two people 65+ 4 vehicles a 56 F150, 85 Dodge Ram, 2003 Chrysler Sebring, and a 2013 Ford Focus. $230 a month! Driven maybe once or twice a week! 56 maybe 200 miles a year, 85 maybe 1000 a year. Ripoff! No accidents, no tickets. total BS!
sc1911cwp
Single-Sixer
I agree. Even in my State, being over 65+, I thought I'd be given a Discount. Not so. To insurance companies we are a High Risk Group. In general, diminished eyesight, diminished hearing, slower response times or reactions, medications, to easily broken or statistically lower survival rates comparing same type accidents across age brackets.
In Arkansas the insurance for any one under 25 living at home they always base the insurance on the highest rated vehicle.
One thing that always griped me is that if you bought a car for say$20000.00 and got ins.for it in 19 years the car is worth much less to replace but the premiums never reflect that
One thing that always griped me is that if you bought a car for say$20000.00 and got ins.for it in 19 years the car is worth much less to replace but the premiums never reflect that
If you've got a 19 year old car that has depreciated like an average car of that vintage you might want to rethink how it's insured.
I sure wouldn't be carrying any comprehensive or collision on it.
Other thing that can save a bit sometimes is having lower liability coverage on basically anything you have and getting an umbrella
policy to bring the liability up to the level you need or feel comfortable with. Umbrella ins. can be had with various underlying coverage
requirements and if you balance that vs. the cost of the base policies sometimes there's some savings. It costs nothing to have an
agent look at the idea.
shoot to thrill
Single-Sixer
oh OK sorry. I will read your post again
GypsmJim
GypsmJim
It depends on how long you keep it. My 43 year old car is now worth more than I paid for it brand new. It is insured for 100% full coverage (collision, comprehensive, 1/2 million liability, etc.) with no deductible.
I also have a liability umbrella policy. It can NOT be purchased (here anyway) with limited underlying coverage. The minimum liability for my homeowner's, cars and boats must be at $500,000, or they won't write the umbrella policy.
