insurance nightmare

[koston33]

So I'm for sure going to get a MS3 come July, but looking at insurance..Wow. Any recommendation as to what company I should go with. I'm 19 with two speeding ticket both around 15mph over. I go to college. I mean, will putting it under my rents really going to bring it down? any suggestions would be great.

[In4am0sPuN]

Good luck =D

I am 20 w/ a clean license... and my MSP would have cost me alone 4k a yr... So I am under my father... ONLY way to go, I now pay 1200 a yr

[koston33]

what insurance company are you using

[Subsparx]

I'm 22. One ticket on my record. I pay $115/mo for full comprehensive, underinsured, etc. I highly recommend at least checking out Esurance. I recently found out they have some shady business practices, such as not paying the glass repair companies when you replace a windshield, so I had to get my windshield replaced somewhere other than Novus and they did a really crappy job. Other than that, they seem pretty decent. Much cheaper than anyone else I can find. That's with $100 deductible btw.

[Kain]

I'm $22.
Before or after taxes?

I pay $455 every 6 months for insurance on the MS3. lawl.

[gtlaw]

mine is $900 for the whole year through erie insurance

[ComeBack]

man you guys suck lol on mine i pay 210 a month for full lol

[sperry]

Wow, I guess that's one good thing about being older...

I pay around $180/mo to insure three cars, two of which are higher bracket cars (WRX & SVX).

[BayAreaMS3]

i pay 225 a month im 24yrs old. I guess it depends where you live too does that not affect the ins rates.

[koston33]

I see. Can you guys include the name of your insurance companies, and if you are the only one on the policy. Appreciate it guys. Seems like there are good deals out there. Just let me know where to look. Thanks

[pidass15]

it's really pointless to compare insurance premiums with other people...too many variables to account for. Take a couple hours and get quotes from the websites of the big insurance companies then pick which one gives you the best deal (progressive, state farm, nationwide, allstate, travelers, etc).

Usually if you can narrow down the list to 1-2 you can go into one of their local insurance rep's office and they can usually give you little better deal by fitting you into discounts that may not show online (from my experience). Good Luck.

[SwampAss]

it's really pointless to compare insurance premiums with other people...too many variables to account for. Take a couple hours and get quotes from the websites of the big insurance companies then pick which one gives you the best deal (progressive, state farm, nationwide, allstate, travelers, etc).

Usually if you can narrow down the list to 1-2 you can go into one of their local insurance rep's office and they can usually give you little better deal by fitting you into discounts that may not show online (from my experience). Good Luck.


This man is on point. I was an underwriter for several years for a large insurance company. (think cave man)

comparing will do nothing.

I'm @ $450 every 6 months and I'm married with no accidents! (I have some performance awards though)

[FrequentFlyer]

You're 19 with 2 speeding tickets at 15mph over. Good luck with that. I pay $1,250 a year with USAA and I'm 31, married, no tickets and one accident (my fault), that should actually come off my record soon since it's coming up on 3 years ago. I also have a multicar discount, so I pay about $2,000 a year total for two cars in NJ, which probably has some of the highest insurance premiums in the country.

[jred321]

it's really pointless to compare insurance premiums with other people...too many variables to account for. Take a couple hours and get quotes from the websites of the big insurance companies then pick which one gives you the best deal (progressive, state farm, nationwide, allstate, travelers, etc).

(mswerd)

shop around online and at agents. since you're young and don't really know what coverages you'll need to protect yourself i would suggest at least talking to an agent who will help figure out what you'll need.

ps - i think this is the first time i've ever seen travelers mentioned. i guess our commercials are working

[Garzilly]

I had good luck with Liberty Mutual. Every other company I priced was through the roof. I pay $185 a month for full coverage, $500 deductible for my 08' MS3. I'm 22, one speeding ticket almost 3 years ago, should be off the record in August.

[pidass15]

(mswerd)

shop around online and at agents. since you're young and don't really know what coverages you'll need to protect yourself i would suggest at least talking to an agent who will help figure out what you'll need.

ps - i think this is the first time i've ever seen travelers mentioned. i guess our commercials are working

Only reason I said it is because I have it :) They saved me a lot of money.

[jred321]

just out of curiosity, did you go through an agent or direct?


oh yea, and thanks for helping pay my salary :)

[kickniteasy]

19 w/ 2 speeding tickets both 15+ over and you're getting a mazdaspeed? Your insurance nightmare is just beginning. I'd put it under your parents assuming they have a good driving record, you'll still be the primary driver so it's still going to be high, but at least you'll save a little. You better slow the hell down though or you're going to screw your insurance for life. You're the type of person I hate because you make my insurance high (young male)....stop fitting the stereotype, haha.

[pidass15]

just out of curiosity, did you go through an agent or direct?


oh yea, and thanks for helping pay my salary :)

AAA, where's my commission????

[jred321]

it's in the mail

[koston33]

sorry i fit the sterotype man. I'm not trying to make it hard. I just got that itch you know. feed my speed. but your right. I need to be more careful. Will do.

[kickniteasy]

sorry i fit the sterotype man. I'm not trying to make it hard. I just got that itch you know. feed my speed. but your right. I need to be more careful. Will do.

Oh, I understand man....I'm pretty sure the vast majority of people on these forums understand. I'm just trying to offer a bit of friendly advice from someone who has a lot of friends who messed up and got a lot of tickets when they were younger and are now getting taken to the cleaners by their insurance. A couple have gotten kicked off their insurance altogether because of tickets and with 2 big tickets at only 19 and now buying a performance car you're heading in the same direction. Check and see about local autocross sessions to help feed the need, something safe and most importantly, legal, haha.

[mastadon]

Here's a solution: Buy a different car. You can't afford this one.


Man, i can't believe no one else said that...

[jred321]

why's that? it's a mazda not a ferrari

[kickniteasy]

Yeah, it's not unreasonable that he could afford this car......that, and he never said he was paying for it, maybe it's a graduation present or something but he still has to pay for insurance. He didn't ask about affording the car, he asked about insurance.

[MS3077]

Defiantly not a cheap car to insure. It's actually considered a "sports car"

My rate is $166 a month w/ Progressive. 29 yrs old - One speeding ticket 30+ over

[sperry]

Yeah, it's not unreasonable that he could afford this car......that, and he never said he was paying for it, maybe it's a graduation present or something but he still has to pay for insurance. He didn't ask about affording the car, he asked about insurance.
Well, even if someone buys him the car outright, if he has to pay for the insurance himself and can't, then he still "can't afford the car". Same would apply if he can't afford to put gas in it, or afford the maintenance, etc.

Affording a car is much more than just making payments. And for someone 19, with two big tickets... perhaps the only car he should be attempting to afford is a beater 1995 Honda Civic, at least until those tickets are off the record and the kid is 22 or 23.

[creature75]

My rate went up 40.00 a month. e-surance is still cheaper then other companies.

[MS3077]

Well, even if someone buys him the car outright, if he has to pay for the insurance himself and can't, then he still "can't afford the car". Same would apply if he can't afford to put gas in it, or afford the maintenance, etc.

Affording a car is much more than just making payments. And for someone 19, with two big tickets... perhaps the only car he should be attempting to afford is a beater 1995 Honda Civic, at least until those tickets are off the record and the kid is 22 or 23.

Very true! OTD cost is only part of the equation, especially with this car and it's not so stellar gas mileage along with the cost to insure. Once you factor in everything the total cost of Mazdaspeed3 ownership is probably similar to many vehicles that sticker at 30k + MSRP. I know I couldn't afford it at 19

[sperry]

Very true! OTD cost is only part of the equation, especially with this car and it's not so stellar gas mileage along with the cost to insure. Once you factor in everything the total cost of Mazdaspeed3 ownership is probably similar to many vehicles that sticker at 30k + MSRP. I know I couldn't afford it at 19
At 19 I was driving a mountain bike.

I had a 1984 Ford Escort for all of 6 months in highschool before heading off to college. Then I was huffing it on foot or bike until I was 21 and got a sweet '88 Acura Legend (I was 21 in 1998, so it wasn't exactly a nice new car, though it was in pretty nice condition).

I didn't buy my first new-off-the-lot car until 2001 at age 23, and even then at $26,000 OTD, it was a probably more car than I should have bought... it was tough at times to keep scraping together the $400+/mo.

[MS3077]

sperry your story sounds a lot like mine.

[koston33]

its not that i can't afford insurance its just that I would like to get the least costly thats all. I was just asking for help. I have done research I was just seeing if I missed something. I am paying half for my car. Yes my rents are paying half. I am very greatful and feel truly blessed that we can afford to drop that kinda coin on a car like this. I know its wrong to surrond yourself with such material things, but this car is really all I want. So here is the update. Under my parents. We decided to put our buick under the policy also, to lower the price. It came out to 950 for 6 months. But here is the kicker. My dad was paying 125 for his buick a month to begin with. So he will pay for his insurance and I will pay for mine. Which is roughly 30 bucks a month. I have to thank whoever mentioned travelers. I owe you about 2000 dollars. I'll make it out to cash. Thanks again all. Now I get to pick up my 2007 gt with 4K miles on it for 18400.

[08cosmic3]

I pay $320 every six months for full coverage with State Farm. I'm older with no tickets or accidents. I have three cars and a house with State Farm so I get a discount.

[MS3077]

I pay $320 every six months for full coverage with State Farm. I'm older with no tickets or accidents. I have three cars and a house with State Farm so I get a discount.

(eekfu)

[JDM Sam]

Find out the discounts and milk em dry. Just some examples are: paid in full, student, good grades, safety equipment, defensive driving, multiple car, daily driver or weekend car, primary driver, etc. Don't screw yourself with an insanely high deductible or you will feel the pain if you ever have to make a claim.

It's also based on your credit score besides the obvious age and driving record. With lower credit scores, insurance companies find you as a higher risk liability. Probably why they call it maintaining financial responsibility.

[jred321]

I have to thank whoever mentioned travelers.
(2thumbs) i know people who built that rating system :) sadly though i was in college and then in claim when that system was being built. this is the guy you should be thanking http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=8 78567

[Mike240SX]

$1500 a year for full coverage with way-more-than-minimum values and $1000 deductibles. 25 year old single male with 16 total career point accumulation (0 on record now) and several at-fault and non-fault collisions that are about to fall off at my next renewal.

Back in Jersey, when I first started driving in 2000 at 17 years old I was paying $1200 a year for more-than-minumim liabilities on my own policy. It was great. Several non-fault collisions and several tickets (including Street Racing) later, I was "High Risk Grouped" and paying $4,300.00 a year for minimum liabilities ONLY. When shopping for new cars in '02 I was quoted $7,400 a year on a WRX; $8,100 on a Celica, and so on. By 2006, I was down to $2900 from collisions and points falling off, still for minimum liabilities only. When I moved to Delaware, it dropped to $1800. When I turned 25, it dropped to an even $1000. Financed the MS3 a few weeks later, and now pay what I mentioned in the first line.

Maybe it'll take you getting dropped by a major carrier, put in the High Risk Group, and your insurance costs getting to that point...to get you to slow down (or at least speed smarter). Or, maybe a few more tickets and some license suspension. Hopefully it'll be that and not a tree or worse, an innocent driver.

Get older and drive safer. Only one of those you can do something about, and you should be able to recognize that you have a problem and buying a car like this doesn't help. By the time I was 19, I had accumulated 13 points in a car that did a 16 second 1/4 on a great day and had wrecked and nearly killed myself in a car that would run high 17s all day long..all due to speed and other speed-related activities. Fast car + Young Guy that admittedly wants to drive fast = Bad News. Yeah, my example proves that slow cars aren't necessarily any better, but they were still "sporty" cars. Drive a beat up 80s Accord or Camry until you get out of college and save your money; when you graduate you can buy that sports car you've wanted in cash, without having to rely on your folks or put yourself in debt.

Sorry for sounding preaching, but having been where you are, I'm just trying to give you some advice to better your life.

[pidass15]

I have to thank whoever mentioned travelers. I owe you about 2000 dollars. I'll make it out to cash.

No problem. Just let me know when you want to send me that check :cool:

[Young Roids]

try western national and aig. They have been the lowest for me.