Quote:
Originally Posted by WayFast84
:twisted: My mom made a deal with me, as long as Im in school(any school) she will pay insurence, shes a little conserned about me dropping out or something I guess :rollseye:
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Consider yourself lucky. I never had my parents pay for my insurance. I had to get a job when I was 16 just so I could build up enough money to pay for it when I started driving at 17. You're lucky you even have a car at the age you are that is already insured. But seriously, if you don't start paying for it yourself sooner, you might have a tough time adjusting when you get older and move out of your parents house and you're not on mom's insurance anymore. Your car is only 700 bucks because it's not your mom's primary driving car. When peopel have several cars under the same insurance, one is listed as the primary car, and the rest can be added on at a much cheaper cost per year. Hence, your car is not your mother's primary car, therefore it has been added on to her insurance at the low cost of 700 bucks a year. Now, when you start driving, because the car is not in your name, you are what they call "the secondary". You don't own it, your mom does, which would make your mom "the primary" driver. Now because you're young and a new driver with a sports car, and a male, they will most likely tack on more money to the cost of your insurance, because she basically added another driver (that's you) to the car. And then it wouldn't be 700 bucks anymore. Ah, but you're not driving it yet, so thats why it's cheap.
And I bet she has full coverage, which is more expensive. But she's also been driving for a long time too. More experience and less or no points makes your rates lower. I have only had my car for 3 years. In those three years I've paid as much for my own car on Liability
only, that my friends pay for full coverage on their cars
while under their parents insurance. And I've got news for you. My brother has pretty much the same exact car as me, and he has the same exact insurance company as i do, and he pays almost TWICE AS MUCH. Try 2700 a year. For liability. And it's only more expensive for him because they charge more for guys than they do for women.
Let me explain for you how Liability and Comp and Collision work. Liability means that if i get in an accident, it only pays for the other guy's car, not mine. Any damage costs to my car has to come out of my own pocket. Full coverage (aka comp and collision, with the liability) will pay for damages to the other car AND yours. Liability is the minimum. And look how much Phil has to pay for his car. And his car is close to the same year as yours, his is an 86. If
you were to pay
your own insurance it would be almost as expensive as Phil, or if your lucky, close to what I used to pay (1500 to 1600 a year). Full coverage would cost about 3000 a year. Please understand that I have every right to be excited that my minimum coverage insurance was cut in half, because I am the one who pays for all of it. You're car isn't in your name. But when it is, and when you have to pay your own insurance
on your own company separate from mom's, you'll see, it's not that easy. Pay your own insurance, and then talk to me. You have to understand that I don't have the luxury of being on my parents insurance. Not trying to rag on you, no hard feelings, just trying to give you the bigger picture, and the reality check.
