Car Insurance

[chrisjw85]

Well bad news, I was supposed to go pick up my black msp today when I got a call from my dad and told me that my car insurance would be $6500 a year for me under my own. So I need some help guys, I live in New Jersey, just turned 18, clean driving record, and am planning on either financing or taking out a loan to buy the car, but I need a good insurance company if anyone can help please PLEASE help!!!

[PatrickP5]

Originally posted by chrisjw85
Well bad news, I was supposed to go pick up my black msp today when I got a call from my dad and told me that my car insurance would be $6500 a year for me under my own. So I need some help guys, I live in New Jersey, just turned 18, clean driving record, and am planning on either financing or taking out a loan to buy the car, but I need a good insurance company if anyone can help please PLEASE help!!!


Sorry I can't give good info on what a real price would be, but $6500 is absolutely rediculous - I would imagine you could get something like $1500/year at least.


Patrick


edit: I just re-read and realized you're talking about msp - that I'm sure would be more... but $6500 is absolutely rediculous.

[chrisjw85]

Well one of the determining issues here is that I'm considered a new driver, its a new car, and I live in NJ. However I have a honda prelude right now which they consider a sports car and I'm planning on getting a sedan that is $5000 more? :wtf:

[JDM Sam]

go check quotes from www.insure.com my friend!

[chrisjw85]

Originally posted by JDM Sam
go check quotes from www.insure.com my friend!


Already did that, no quotes for new jersey. Thanks anyway. For those that dont know New Jersey if very very difficult to get good car insurance in so this was kinda more aimed at people living in New jersey or knew that already. We dont have many insurance companies.

[Dexter]

have your dad buy it under his name and you just pay for it. the bank dont care who pays as long as they get thier monthy green.

sure it wont be in your name, but when you turn 25 and your rates drop, you can have the title signed over

[JDM Sam]

try allstate?

[PatrickP5]

Well, when I bought my P5 (yeah, not an MSP, but still...) in January, I was told by the guy "Look. You're 22 years old buying a brand new car in San Diego." Being located about half an hour from such a convenient place as Mexico to bring a stolen car, my insurance is a little more expensive. Anyway, I'm paying about $730 per 6-months. I guess if you're a "new driver" - I don't know how old you are and you're getting a brand new MSP, that doesn't help your cause. I for sure as hell can't see 1/3 of the car's purchase price being paid out in insurance every year - that's just crazy.


Patrick

[PatrickP5]

One more thing... maybe something useful this time:

Check out www.carbuyingtips.com - it's a great all-around site for buying cars - has everything from how to get a fair price to warrantees and insurance.


Patrick

[girth]

My advice? - just go without insurance. I almost was going to do the same thing when I was quoted $1800 a year for my MSP, but I found a different company and got higher deductibles, so I'm now down to about $700 a year.

But if you can't get it for under $1800 I'd just say screw it. I mean, lets face the facts:
1. Chances are in your favor that you'll only have a claim once every 5 years. Chances are good that that claim will be under $9000, so you'd be better off just "taking your chances" and pocketing the $1800 a year that the insurance would be costing you.
2. Even if you total the car and lose the whole thing, it's still one of the cheapest cars you can get. It's not like a Mercedes or anything that cost you an arm and a leg. You bite the bullet, say "that sucks arse," and move on.
3. If you get in an accident and injure someone, many people have "uninsured motorist" coverage anyway to cover injuries that you caused. Plus, you're only 18, so you can't possibly have much that lawyers can take away from you as compensation. At that age I'd just tell the lawyers "take everything I have," because I didn't have anything for them to take anyway!! You'll have many more toys they could take when you're 40, so save the insurance coverage for that age. Liability coverage = Lawyer bait if you ask me.

Just my 2 cents.;)

[JasonH]

Move to Delaware. They still rape you here, but they use lube and buy you dinner first :).

Going without insurance is idiotic in states that require minimum coverage by law. Also, unless he's paying cash for the car, his finance company will require comprehensive insurance.

[chrisjw85]

AHH I need to find a way to get the car now, just got off the phone with the dealership they got me the best finacing rate too! It's way better than I expected but the insurance is still way too high to put up with for the next 5 years of owning the car. I'm going to check on allstate tommarow, but if anyone else especially NJ OWNERS (where are you!?!?) that have msp's with full coverage lower than $6500 please tell me.

[Action Jackson]

Originally posted by girth
My advice? - just go without insurance......

3. If you get in an accident and injure someone, many people have "uninsured motorist" coverage anyway to cover injuries that you caused. Plus, you're only 18, so you can't possibly have much that lawyers can take away from you as compensation. At that age I'd just tell the lawyers "take everything I have," because I didn't have anything for them to take anyway!! You'll have many more toys they could take when you're 40, so save the insurance coverage for that age. Liability coverage = Lawyer bait if you ask me.

Just my 2 cents.;)

I'm not a law expert, but the problem is if the people sueing are smart or have a smart lawyer, they can set the judgment so that the claimant can claim for future earnings or winnings [like a lottery]. I'm sorry, I can't remember what this is called.

It is a form of wage garnishment [but I thought this applied to the present, not future].

So no one can really get away with something just b/c they don't have anything NOW.

[sundevilMP5]

the reason that the insurance is so much higher is because the msp comes with factory turbo...that's a big red flag for insurance companies...will the turbo affect your engine reliability?? maybe at least more so then a NA car...also a turbo usually means faster acceleration and faster driving at least to the insurance company it does...a friend that works for farmers was explaining this to me why turboed cars a more expensive to insure...not to mention that it is a brand new car and a new driver...

[chrisjw85]

Originally posted by sundevilMP5
the reason that the insurance is so much higher is because the msp comes with factory turbo...that's a big red flag for insurance companies...will the turbo affect your engine reliability?? maybe at least more so then a NA car...also a turbo usually means faster acceleration and faster driving at least to the insurance company it does...a friend that works for farmers was explaining this to me why turboed cars a more expensive to insure...not to mention that it is a brand new car and a new driver...

Right, very good points, and that would make a lot more sense too. Any ideas on insurance companies? Anyone have allstate? Geico would be good except they dont service NJ haha figures. Well I can get a huge discount on my car insurance if I also get life, home owners, and all that good stuff. probably bring it down to about 2 grand. Still why would I want/need that at my age? The dealership said they would check on insurance rates for me tommarow too, but just trying to get those who actually know what the rates would be.

[JDM Sam]

mine is a reg protege to my insurance thats why you dont tell em its a turbo... let them figure it out on their own... just say its a 2003 protege heres the VIN and just wait for quote and tell it has abs alarm and air bags to lower ur premium more

[goonsquad]

Look into New Jersey Manufacturers (NJM) insurance. They are supposed to have really good rates but have very strict eligibility requirements, the first of which is that you must be employed by a member of the New Jersey Business and Industry Association (NJBIA). Most companies in New Jersey are members of this and at present I'm getting my company to enroll. BTW, I'm going through the same thing with my insurance. My first quote was $3400/year in Bergen county. I'm 24 and I have a practically flawless driving record. At this price I will never buy a MSP. We'll see what happens. Hopefully I will be one of you soon but now I'm still an outsider.

[chrisjw85]

Originally posted by goonsquad
Look into New Jersey Manufacturers (NJM) insurance. They are supposed to have really good rates but have very strict eligibility requirements, the first of which is that you must be employed by a member of the New Jersey Business and Industry Association (NJBIA). Most companies in New Jersey are members of this and at present I'm getting my company to enroll. BTW, I'm going through the same thing with my insurance. My first quote was $3400/year in Bergen county. I'm 24 and I have a practically flawless driving record. At this price I will never buy a MSP. We'll see what happens. Hopefully I will be one of you soon but now I'm still an outsider.

Yeah I know about NJM and yeah my company I work out has it, so I just got the information this morning. They told me it would be a 2 week waiting period for them and that they take forever to reply to you. So just for now I'm just getting different quotes from other insurance companies but am going to apply for that too. Thanks for the info.

[pdhaudio83]

i saved myself $2000 a year by easing my decuctibles....!

[Vapor]

One of my clients owns several insurance agencies... How you structure the policy can make a HUGE difference. I have a crap load of tickets and they wanted like $2500/yr so I cut bodily injury and raised the deductable to $2k (yeah you need to be able to afford the loss if it happens) The only things you absolutly NEED for finance purposes are comp/colission/ and liability equal to teh cost of the car ($20k). Doing this cut the price in a little more then half.

Its a little more risky without the BI, but the reality is that if you injure/kill someone the $20k coverage isn't gonna cover the lawer fees never-the-less the medical...

[MSP Chris]

OWW my ass hole just expanded. Progressive just told me $3,800 every 6 months!!! Shit, I live in hillsborough county too the area with the stupid bitches driving ( not women just retards in general ).

[JDM Sam]

progressive is a rip off. they over charge on premiums and rip u off when u have a total loss. and they hate paying out on cars that are modified

[unwound]

this might sound ridiculous but join the military or marry someone who is so you can become eligible to use USAA.

my father is and my car is in my name with my own policy thru them and i am at $1050 every six months w/ full coll and lia at $100k/$300k stacked coverage and a $250 deductable at the soon-to-be-age of 23.
after 7/9 it'll be $200 cheaper when my good student disc. goes into effect.
this is in hillsborough co. fl too.

if this don't work go with allstate if available, that is what my girl has on her rsx($490/6 mos. w/ full cov like mine). gieco and progressive just want your money and couldn't give 2 shits about you or your soon-to-be msp. good luck man

[shockergrl]

USAA charges me $1200 every six months and Im almost 24.:eek:

Then again.....that ticket has something to do with it(doh).

No worries...I only have to wait another 75 years for it to drop off my record.

[chrisjw85]

Originally posted by shockergrl
USAA charges me $1200 every six months and Im almost 24.:eek:

Then again.....that ticket has something to do with it(doh).

No worries...I only have to wait another 75 years for it to drop off my record.

Well at this point I would LOVE to pay that much considering what I was quoted, I am willing to pay somewhere in the 3 grand territory for a year so theres gotta be somewhere, just called a bunch of insurance companies today, hopefully I'll find one tommarow so I can bring the car home.

[unwound]

i here that! got a ticket 3/01 in my 96 dodge avenger and it should come off next year. damn FHP(piss)

[MSP Chris]

FHP is getting really good man they nag my friend all the time on suncoast parkway. Anyone tried any of those radar detector / blocker deals..?

[shockergrl]

Originally posted by unwound
i here that! got a ticket 3/01 in my 96 dodge avenger and it should come off next year. damn FHP(piss)

LMAO!!

I got my last ticket in my 98 dodge avenger in 6/01. Stupid avengers(rant)

Fixed that by gettin a dakota r/t...then getting mah pumpkin chariot.

[lyserjic]

Well bad news, I was supposed to go pick up my black msp today when I got a call from my dad and told me that my car insurance would be $6500 a year for me under my own. So I need some help guys, I live in New Jersey, just turned 18, clean driving record, and am planning on either financing or taking out a loan to buy the car, but I need a good insurance company if anyone can help please PLEASE help!!!

YIKES!

Guess I won't complain about $1350 a year for insurance on my MSP. It was a shock to me after only paying $420 a year for my old vehicle which was paid for. (dropped collision after it was paid off)

Been with State Farm for the past 20 years, never had a claim <knocks on wood>. I use them for auto/life/home insurance.

Good luck in the insurance search.

-lyserjic

[jonnydoe48]

shrug, i am driving a c230 mercedes benz at 16 years old and its a little bit less than 200 a month, thinking around 180.

that car is supercharged with more hp and costs more, too.


for sure you are getting gipped

[unwound]

i have (and had when i got the ticket) a whistler 1585 radar detector.... sad part is it doesn't help when they got those flukin speed traps and a damn airplane clocking people. I-75N right at the 574(MLK)overpass. went to court hoping to get dismissed and both cops showed up, the guy who pulled me over and the pilot of the plane...BEECHEZ all of them.

panda they got that "click it or ticket" thing going on till 6/15. don't know 'bout you but i am shaking in my nike's now. lol.

shockergrl i had a silver mist ES fully loaded with everything including problems. the only thing it lacked was speed lol.

i do miss it though, but I LOVE MY MAZDASPEED EVEN MORE!:D AGR#7 will appreciate that.

[TURBO3WAGON]

Dam, I pay under 1k per year. Check Gieco.com

[shockergrl]

I miss the avenger only because my payments were about $250 cheaper then my truck and my speed.

Miss my truck because it had flowmaster on it and could be heard a block away.:D

[chrisjw85]

Originally posted by TURBO3WAGON
Dam, I pay under 1k per year. Check Gieco.com

Once again I live in New Jersey thanks for the thought though. Gieco doesnt support new jersey, I have one last resort, all the quotes came back all in 5 grand and 6 grand territory per year, last resort: my dad is going to have to buy the car and have to be listed under the primary driver of the car, no big deal so what i dont get the credit for it, hopefully it will be a whole hell of a lot cheaper for insurance. Not like I'm buying a house anytime soon, I'll live knowing the car is under his name just cause I want the car so bad at this point. We'll find out tommarow how much it would cost under his name, I'll keep updating. Thanks for the help everyone.

[tmht]

Is there any reason why you can't just be on his policy? I bought a car and a motorcycle when I was 18 had had them on my Mom's policy though they were registered in my name. Since I was going to school they allowed it.

[nebo]

i don't know if you're in the services or a dependent (or feel like joining to get lower rates:p ), but if you are, try usaa. i am just over 1k/year for my mp3. registered in maine, live in maryland, clean record.

[chrisjw85]

Originally posted by tmht
Is there any reason why you can't just be on his policy? I bought a car and a motorcycle when I was 18 had had them on my Mom's policy though they were registered in my name. Since I was going to school they allowed it.

Nope dont think so just if it is too much but he pays $2500 a year for 3 cars one with full coverage so I would think that this wouldnt be that much, but we'll find out tommarow.

[tmht]

Originally posted by chrisjw85


Nope dont think so just if it is too much but he pays $2500 a year for 3 cars one with full coverage so I would think that this wouldnt be that much, but we'll find out tommarow.

You could always buy the car and have your dad listed as the primary driver on the insurance, I don't think the insruance company gives a squat about who is on the loan. Then just pay him the difference.

[TX Speed Demon]

I would try to get on your dad's policy too. You can have him buy the car in his name and you make the payments for both. Then when it's paid off transfer the title into your name and you should get a discount from your insurance for keeping the same company.

I did that with my dad's old Pathfinder and got a good rate on that. The I bought my Speed and got a discount for having two cars with State Farm. Now I pay about $1,200 every six months total for both cars.

[unwound]

chrisjw85

whatever you do just make sure your name is on the title of the car. have your dad sign the first line and you sign the second. when you getting your loan, have your bank, mazdacredit, or whoever take the payments out of your account not your father's. wait a few years and do a change of ownership form and have you dad removed from the title. it might not show up on your credit report until you are the primary owner, but at least the next time you buy a car your financial institution has something to reference about your responsibility. good luck

[chrisjw85]

Originally posted by unwound
chrisjw85

whatever you do just make sure your name is on the title of the car. have your dad sign the first line and you sign the second. when you getting your loan, have your bank, mazdacredit, or whoever take the payments out of your account not your father's. wait a few years and do a change of ownership form and have you dad removed from the title. it might not show up on your credit report until you are the primary owner, but at least the next time you buy a car your financial institution has something to reference about your responsibility. good luck

Thanks I'll do that.

[unwrittenLaw]

I dont have insurance...no one else in California does. (no)

[ehwal]

I thought us Canadians had it bad up here. We don't have private insurance in BC but peeps always be bitchin' about goin' private. After hearing these horror stories I'll be the 1st one backing monopolies.

When I bought my MSP in late November the insurance companies didn't have my car classified yet so to be safe the insurance guy insured it as a $40K Can ($30ish US) car, and about 2 months later I got an additional bill for $200. All in All I pay approx $120 Can ($85 US) a month with full coverage and 2 mil liability.

I'm 24, no accidents (my fault), but I've racked up at least $4K in speeding tickets.

!!I'M F*CKIN LUCKY!!

[unwrittenLaw]

Unfortuneately that type of system wouldn't work in the US...too much competition and different laws state to state...

[Cirielle]

Originally posted by shockergrl
USAA charges me $1200 every six months and Im almost 24.:eek:

Then again.....that ticket has something to do with it(doh).

No worries...I only have to wait another 75 years for it to drop off my record.

DAMMMMMNNNNNN!
Got an MSP and a SPEC V and we pay roughly $1400 a year. Plus, we get back a check from them. Actually are insurance went down when we got the MSP. I traded in my 2 door 2001 Impreza and it droped by like $6 a month.
And trust me both my husband's and my records are not clean of tickets!!!