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Glen E 12-20-2008 05:36 PM

Auto Insurance for a teenager..Yikes!
 
I did not figure it would be cheap but....trip fountains are less....

Geico may be easy but they ain't cheap...now that I've decided on a car, who has a decent policy premium? Honor student, new Honda civic, living at home, no violations in the entire family - ideas?

Progressive is better...but still......

ABoater 12-20-2008 05:42 PM

RE: Auto Insurance for a teenager..Yikes!
 
Allstate has taken care of me with my 17 y/o son.

Even though he drives his '04 Wrangler on a daily basis, he is rated on our '01 Ranger with the 4 cyl, reg cab and 2WD. 6K miles per year.

Good student discount, multiple vehicle discount, multiple policy discount, etc...

$84/month added to our policy.

Good luck!

fldmax 12-20-2008 05:47 PM

Re: Auto Insurance for a teenager..Yikes!
 
Allstate has a teen smart program that all 3 of the kids have been under. None are cheap and you are doing a new vehicle. per my agent the Insurance co's know that most first cars are wrecked in the first 18 months or less. Cards are stacked against you and being in S Fl you get slammed even harder. you might see about putting her on the oldest vehicle as her primary vehicle but it would cover her in any vehicle.

jtburf 12-20-2008 06:13 PM

Re: Auto Insurance for a teenager..Yikes!
 
Main factor is her rate is calculated based on the most expensive car in the family...

Be glad you only have daughters...I have a 15 year son...lol...


John

Menzies 12-20-2008 06:18 PM

Re: Auto Insurance for a teenager..Yikes!
 
Find out who is a lawyer in your neighborhood. The court administrator will be your friend!

Reel Boobs 12-20-2008 06:26 PM

Re: Auto Insurance for a teenager..Yikes!
 
USAA :thumbsup:


Are you looking for her own policy or adding her to your policy? A policy on her own will be very expensive.

ScarabChris 12-20-2008 07:27 PM

Re: Auto Insurance for a teenager..Yikes!
 
Glen......I hear you. I can remember when I was considered a "young driver" and it was a bitch. My insurance payments far exceded any other monthly expense I had.

I'm 34 now and when I was 20 I leased a new Chevy Silverado. I put no money out of pocket and my payment was $500.00. Would you believe my insurance was more per month? I had a few non moving violations and no points and nothing within 2 years. I was told it was so high because of the value of the truck, because it was a lease and the leasing company required 100/300 coverage and because of my age. At that time 24 was when you started saving on insurance.

Now I pay $500.00 a month for the same make/model truck (2003), a 2006 Acura TL (lease), my boat with a $50,000 agreed value policy and a $250K term life policy for both me and my wife.

Go figure....

I wish I could point you in the right direction. I have all my stuff with State Farm, have you tried them?

Glen E 12-20-2008 08:32 PM

Re: Auto Insurance for a teenager..Yikes!
 
I should have explained more as I'm f**ked no matter what I do. I have not had insurance for 20 years as I and the rest of the family have always been in BMW company cars. So I'm writing a new policy for me and her....and so far the lowest online I can find is Progressive at 4K or so. As soon as I get to the part online about "who was your last ins policy with?" - the online calculators go tilt.... :( :( :(

itwonder 12-20-2008 08:46 PM

Re: Auto Insurance for a teenager..Yikes!
 
Forget the online crap and try calling some agents, including at least one independent agent. Try Amica, Erie, Met-Life, USAA...not sure they all write in FL. Who writes you Homeowners Insurance? They are usually a good bet to add auto coverage. Does your company offer any employee discounts through associated insurance companies...they may if it's a large company.

makosteve66 12-20-2008 09:00 PM

Re: Auto Insurance for a teenager..Yikes!
 
itwonder has the best advise so far. Amica is a fantastic company but they are very hard to get into. You do have a problem with "no proof of prior" some companies requier that as a pre-requisite.

Sounds like you are going about it the right way though, and honestly, 4K is not bad for 3 cars and 3 drivers (assumption), one of them being inexperienced - My wife and I pay 2500 for 2 drivers (each with 5 year clean driving records), 2 cars with 100/300/100 + stacked UM, and one car is liability only. I say you are going about it the right way because you are adding her to your policy. That is the right way to do it. Being in the claims industry for almost 20 years I have seen too many horror stories about parents who do not add the new driver, but instead have them get their own, small limit policy. MISTAKE, as you are still legally responsible for her actions and will not have the protection of the larger policy should something bad happen. last week I was involved in settling a claim for my insured's policy limits + $30K of her uncle's OWN MONEY because he co-signed the car for her, but let her get a minimal policy while he had assets

Garett 12-20-2008 09:18 PM

Re: Auto Insurance for a teenager..Yikes!
 
Your daughter is a honor student and you're not putting her in a BMW, what's up man? ;?

All joking aside Glen, a new Honda Civic is one a sports car and secondly there's a fairly high risk of it being stolen and if it's a standard transmission that will jack up the rates even higher. Your best bet is to buy a 87 Dodge K car and insure it for a year. There is no way around those high rates other than buying and insuring an old granny car that no one wants to steal and only comes in automatic. After the first year you will have become established and your rates will have come down, then you can move up in vehicles. ;)

Sprockets 12-21-2008 05:22 AM

Re: Auto Insurance for a teenager..Yikes!
 
We switched to Amica several years ago. Their service has been professional and they saved us a lot of $$$ because they don't take on high risks. Worth a call. Our daughter just turned 16 last week and she'll be driving a 2003 Honda CRV. Tough to compare premiums with THT'rs due to location, limits and history.

tprice 12-21-2008 06:00 AM

Re: Auto Insurance for a teenager..Yikes!
 

itwonder - 12/20/2008 11:46 PM

Forget the online crap and try calling some agents, including at least one independent agent. Try Amica, Erie, Met-Life, USAA...not sure they all write in FL. Who writes you Homeowners Insurance? They are usually a good bet to add auto coverage. Does your company offer any employee discounts through associated insurance companies...they may if it's a large company.
I agree completely, how about a drivers ed discount?? In SC ALL 15 & 16 yr olds must have drivers education before getting a license.

I know when we added our son a 6 yrs ago the agents at the Southern Farm Bureau kept telling me "we would send you a bill" when I inquired about how much our son would increase our insurance. I do most all of their income taxes and kind of new what was coming. It pretty much doubled our insurance but we did add another car. Now our son is 21 and we now have a 15 yr old daughter that will be getting a license soon. HOPE GAS STAYS DOWN, but girls are much cheaper than boys in SC as long as they keep a good driving record

strikerthree 12-21-2008 06:20 AM

RE: Auto Insurance for a teenager..Yikes!
 
State farm gives discounts for honor student drivers I have Geico

BlueWaterRunner 12-21-2008 06:31 AM

Re: Auto Insurance for a teenager..Yikes!
 

Sprockets - 12/21/2008 8:22 AM

We switched to Amica several years ago. Their service has been professional and they saved us a lot of $$$ because they don't take on high risks.
Amica here also. They are rated as the one of the best insurance companies (by collision repair shops) in NC to deal with if you have an accident. Nationwide is one of the worst rated. Stay away from them. State Farm is also rated high. Good luck.

PSW 12-21-2008 07:27 AM

RE: Auto Insurance for a teenager..Yikes!
 
I would try a Independent Agent. Let him shop the rates and give you some ideas. When I married the wife she was with Safeco and I was with State Farm. She had a couple tickets and was paying Safeco a stupid amount monthly. I called State Farm and they were not competitive either. Posted a Q here and Shag recommended I contact a independent agent locally. He gave solid advice. My new agent was able to shop the coverage and I ended up with Hartford. Saved a boatload of money. Every insurer for the most part has a market niche where they are most competitive and a good agent should be able to help you find out whom is best in FL with a teen on the policy.

Good Luck,


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