Insurance ?

[dnick]

So, being a youngster.. Im kind of a noob with insurance. I know a little bit about it. Im getting quotes today, I got a quote from geico for 147.50 a month, no comprehensive or collision.. A few of of my older friends were saying, "lol fuck that, thats a lot for no comp/collision". I know prices will vary depending on location and stuff, but my older pals were saying they have lower rates than that. . with their e30s. SO school me r3v, what do I need to know? how can I get lower rates, or am I just going to be fucked by the insurance companies.

[Bimmerman325i]

So, being a youngster.. Im kind of a noob with insurance. I know a little bit about it. Im getting quotes today, I got a quote from geico for 147.50 a month, no comprehensive or collision.. A few of of my older friends were saying, "lol fuck that, thats a lot for no comp/collision". I know prices will vary depending on location and stuff, but my older pals were saying they have lower rates than that. . with their e30s. SO school me r3v, what do I need to know? how can I get lower rates, or am I just going to be fucked by the insurance companies.

How old are you?

What coverage limits?

[slammin.e28]

...or am I just going to be fucked by the insurance companies.

Every day of your life.

Welcome to the real world.

[dnick]

I am young.. 18, so that most likely plays a huge part of the rate..
Bodily Injury Liability(BI)
$30,000/$60,000

Property Damage Liability(PD)
$50,000

Personal Injury Protection(PIP)
Waived/$2,500 limit for guests

Uninsured Motorist Bodily Injury
$30,000/$60,000

Uninsured Motorist Property Damage
$50,000/$250 deductible


thats staight from geico's quote.

[redsubdivisions]

It's "statistics", buddy. When I was 17, I was paying over $300 a month for full coverage on a 4-cylinder Foxbody Mustang. It was bullshit, but in Florida's shitty and unpredictable drivers, that's just the way it goes.

I'm 24 now and I pay $190 for both my Navigator and E30. Both full coverage.

Here's another tip: shop around for insurance and don't get speeding tickets. I got so tired of paying out the ass for insurance because of points on my license in a very short amount of time.

Try USAA. I have them. If your parents are veterans (or even your grandfather), you should be able to get in without any hassles. They have been pretty good to me.

[Bimmerman325i]

Your limits are WAY low, you want to bump those up once you can afford to. Talk to your agent, higher coverage is probably $5-10/mo more and is well worth it.

I think it's a function of being 18, 'sporty' car, and high population density area.

[dnick]

Your limits are WAY low, you want to bump those up once you can afford to. Talk to your agent, higher coverage is probably $5-10/mo more and is well worth it.

I think it's a function of being 18, 'sporty' car, and high population density area.

I will, and Yeah its probably the fact that im 18.. lol

[JA1991]

I pay 186 every six months, I get my grandparents discounts, multi home and multi car.
We go through state farm, it's my own policy but since they were my guardians i kind of get away with having some free discounts. I have four points and i'm Twenty.

[slammin.e28]

I'm 22, with a terrible record, all tickets, no accidents. I have full coverage on both a 1995 M3 and a 2003 330i.

I pay $154 a month.

Come at me bro.

[dnick]

wtf lol

[dnick]

Ok.. so would recreation (pleasure) driving be cheaper than to/from school, work, errands?

[devon.818]

Ok.. so would recreation (pleasure) driving be cheaper than to/from school, work, errands?

yes. i think thats why mine is cheaper....

i forgot about usaa, my cousin is a ranger, might have to give him a call.

[dnick]

Yeah it makes it a little cheaper is seems...

[KenC]

USAA is really cheap. I pay $80/mo on my 2003 e39 with high limits.

[shEck3lls0]

I pay about $180 a month for liability on my alpine car. It will go down a little bit once I turn 18, but I still have a little less then a month. I also have no tickets or accidents.