auto insurance

Discussion in 'Off Topic [BG]' started by .-.LeX.-., Jun 22, 2003.

  1. hey there fellow TB'ers.

    im getting my liscence in a few days, as well as buying my first car from my uncle.

    its a 1992 toyota camry LE..

    now see, the problem is, the insurance... evreything is so expensive here in NJ, and since im a 17 year old, thosands of dollars is hard to come by to pay for this crap.

    my mom uses STATE FARM insurance, so she calls up to get a quoote on me.... 6,000 dollars a year..... now see, thats way to damn much, its INSANE... so im looking for a insurance company where i can get my OWN plan uunder my name, im looking for a good company that gives NEW DRIVERS a decent deal and not charge them 6 grand for insurance...

    if any new drivers in NJ have or know of a good plan please let me know, im becoming desprete.
  2. BigBohn


    Sep 29, 2001
    WPB, Florida
    500 a month is pretty steep. Seems like you got hassled around on that quote. I just did a quote a few days ago for me (age 16) with all those discounts (good student discount, the other car discounts) on a 04 BMW 325i and a 03 Honda Accord 4dr. They were $308 and $240, respectively. State Farm ins. in FL.

    NJ/NY is hell to drive, and I believe there is some price hike in ins. prices up there especially for teens. Check out Geico, Progressive, and Allstate. Check out what the price would be with minimum, moderate, and extensive coverages.
  3. Wow.

    AAA for me with a downtown LA address on a '04 Subaru Impreza WRX wagon is just a tad under that, iirc. That's some pretty insane insurance!

    Well...that was my price before, now I'm sure it's much much higher than yours.:crying:
  4. jasonbraatz


    Oct 18, 2000
    Oakland, CA
    i pay $60 a month for full coverage on my 1990 Nissan 240sx, though American Family Insurance.

  5. Mike N

    Mike N Missing the old TB

    Jan 28, 2001
    New York
    I pay $120 a month for 10 vehicles.
    I should also mention that none are newer than 1994.

    How does a 16 year old afford an '04 Beemer? :confused:
    I couldnt afford to pay attention at age 16.
  6. 31 years old, fully licenced (no endorsements), never had an accident, 3 years no claims bonus, paying €1697 a year to insure a 2 litre diesel slug. That's not TDI, not TD, just bog-standard diesel. Absolutely disgusting!
  7. $120/mo on EACH or on all of them?

  8. what insurance company do you use?

    mind you , these insurance companies must be in the NJ area, where i am
  9. BigBohn


    Sep 29, 2001
    WPB, Florida
    Well, I have worked numerous jobs for the past 3 years (lawn mowing, restaurants, car washing, gym, and other stuff), saved 85% my money since then and before (birthday money, report card money, all that), limited spending on fun stuff like cds, computer stuff and other junk, and now I have some money to put towards a BMW, given a little help from my parents. ;)

    I'll be paying off the insurance for whatever car I get as well, so I figure that I have more menial jobs in my future for the next 4 years, then after college gets thru with, I'll get a real job for the real bucks.

    Thanks for askin how I came about with the possibility of a bimmer, Mike N, so I don't come across looking like some spoiled POS kid who doesn't know the value of a dollar.

  10. Mike N

    Mike N Missing the old TB

    Jan 28, 2001
    New York
    $120 for all.
    I drive junk, and junk is cheap to insure.
  11. Mike N

    Mike N Missing the old TB

    Jan 28, 2001
    New York
    Congrats on knowing how to work hard and save to get what you want.
    Enjoy your car when you get it. :)
  12. CamMcIntyre


    Jun 6, 2000
    My mom told me the insurance on my car is right about $80 a month. It's full coverage through State Farm on an 84 Impala w/the 305. The sad part is that it wouldn't take much to damage it beyond the value [last time i checked $500 if i'm lucky]. Good Luck on cheap insurance for a new driver and a newer car. Thats all
  13. jasonbraatz


    Oct 18, 2000
    Oakland, CA

    reading comprehension much? :confused: :D :p
  14. Ty McNeely

    Ty McNeely

    Mar 27, 2000

    I didn't know it was possible for insurance to be that high. With me insured on a 2001 Ford F-150 SuperCrew it was only going to be $1200 every 6 months.

    Geico has served my g/f well with both of her totals, and she doesn't pay an awful amount either.
  15. FunkySpoo

    FunkySpoo Supporting Member

    Feb 6, 2002
    I pay about $80/mo. for a 2002 VW Jetta GLX and a 1999 Windstar minivan. But I'm 41 married 2 kids and a federal employee. WooHoo, the one bennie for getting older
  16. I'm paying $92 a month for my 1995 Geo Metro through American Family and I was in a minor accident. Seeing as I'm 17 and male (my mom works for Am. Family and she said it's cheaper for females) thats pretty cheap. And no I do not get a discount because my mom works there.
  17. Where I live the government is sleeping with the insurance companies so rates are ridiculously high. For a brand new car, insurance rates will cost more than double what the car itself is worth. A friend of mine who is 20 years old and has 4 years driving experience with a perfectly clean record got quoted anywhere from $850-$1000/per MONTH, for a 2002 mustang.
    A 1983, 4 door family car still costs him >$300/month. Another friend got into an accident and his rates rose 300%.
    We are out in western Canada which means we have lots of wide open space and the city is very spread out. These makes it more practical to own your own car since the city cannot afford to have a very good public transportation system for a city the size of London with 1/10th the population.
    A friend who works at a garage says that people with damages up to $10,000 would still rather pay out of their own pocket rather than go through the insurance company because it is still cheaper.
    They issue fines for driving without insurance here, the maximum being $2500 I believe. Even if you got caught 2-3 times a year, (it is incredibly unlikely that you would get caught at all) you would still be saving money. However, if you cause an accident and someone sues you, then you are in trouble.
  18. WEll, just for comparison's sake, over here in the UK, I'm paying about £460 (about $700?) per year for a 2000cc Ford Mondeo - a 2001 model I think. This is fully comprehensive insurance.

    I'm also paying about £660 ($1000?)for full insurance on my Kawasaki ZX-6R for 1 year.

    I'm 33, have full no claims bonus for cars (5 years , although I had one claim recently, but my no claims is protected), and I have 2 years no claims for riding bikes!
  19. My record is so bad I can't get insurance at any price.

  20. i wasnt asking jasanbraatz what insursance he uses, i was asking MIKE N