Insurance policy question

[Bill-B]

bad plan.

+1

[Spec]

I dont know about FL, but i have my car on my Moms insurance policy no problem, and i havent been in school for years. my name is added onto the policy as an emergency driver, or something to that extent. in CA the car just needs to have insurance on it, doesnt need to be in your name...

Preface: I'm a State Farm agent

You're going to be in trouble come claim time. They're going to find out you're the owner and live somewhere else, and then they can deny your claim since they haven't ever been accurately charging you for your car. :eeek: That might suck if you end up hitting someone, hurting them, and needing to settle for $34,000 out of your own pocket.

To the thread creator, yes that sounds right. You need to get your own insurance if you are not living at home anymore. Depending on your age/driving record different companies could have different rates for you. Be sure to call around and check everywhere. Also do some research into teh company you choose. Geico (and other like companies) are only good while you're driving around paying less. When a claim happens and you're waiting 10 months for a check instead of 10 weeks it sucks. It sucks even more when your payout is $3,400 instead of $4,300. State Farm, Amica, USAA (if eligible; military) are good companies. Geico, Progressive, etc.... well, you get what you pay for.

[equate975]

You could "sell" your car to your mom, then just drive it. Just say you don't have a car lol.

$1500 is HORRIBLE. Thats what I pay for full coverage and I am on high risk and booted off my parents plan.

[Jean]

AAA FTW, multiple car discounts, good driver discounts, it's own DMV in the office, maps..blah blah blah. State Farm and Farmers were a rip for me.

[Bavarian3]

Wait til Oct 1st; when it is not mandatory to carry insurance.

Yippie!

[Erick]

^ ?!

[Dave]

Wait til Oct 1st; when it is not mandatory to carry insurance.

Yippie!

Say What?

TJ, you need to shop around.

As you are out of school, you are no longer likely able to claim to be a memeber of their household and therefore dont get the benefit of their discounts.

You might ask some folks you know for a referral to an Independent Insurance Agent who can shop you with several different carriers. AllState, State Farm and many others have "captive" agents who only sell that company.

We are with Kemper through an Independent Agent and we pay a lot less with them than anyone else has quoted us.

Mind you, that is with our homeowners, cars and umbrella policy all through the same carrier. See if you can get a bundle discount by having your renters/homeowners with the car insurance.

[Bavarian3]

http://www.msnbc.msn.com/id/19965091/

[Jonathan M3]

I was essentially in your same situation a few years ago, TJ. It was cheaper for me to buy a liability only beater to list as my primary vehicle, and put the E30 w/ full coverage as my weekend/pleasure vehicle. I believe I was also getting my multi-car discount by insuring 2 vehicles.

It is actually cheaper for me to insure all 3 of my vehicles by doing liability only on my jeep that I drive everyday plus insure both my E30 and E36 w/ full coverage than it would be to, say, only have the E36 as my primary vehicle w/ full coverage. I currently pay $160/month for all 3 vehicles.

[DEV0 E30]

$1500 is HORRIBLE. Thats what I pay for full coverage and I am on high risk and booted off my parents plan.

It's all relative. I'm paying more than that every 6 months, and I have a very clean record. Shopped around too. Having an M car doesn't help. The Coupe is on full coverage, and the E30 is on liability. $20 bucks a month to insure the e30.

Shop around TJ. You're still going to probably be bending over for whatever insurance company you pick though.

[Digitalwave]

I worked up a quote with Progressive for $1,098 every 6 months, which I can afford. Should I stray from Progressive? My mom has been happy with Allstate for many years, but they simply aren't competitive.

[Dave]

Dude - call an Independent Agent - seriously. We shopped Progressive, Geico, etc, etc. - they were all a ton higher than what we wound up with.

[Digitalwave]

Well I just signed up with Liberty Direct. After doing quote after quote this afternoon, they were the cheapest and offered more coverage than most other places. For instance, I was going to pay $199 a month for 25/50 coverage with no-frills, and $500 deductables from Progressive. I got 50/100 coverage with a few bonuses like rental coverage for $177 a month from Liberty. Much cheaper than I was originally thinking (~$2,100 a year).

[Maluco]

http://www.msnbc.msn.com/id/19965091/

there are numerous reasons you should not be happy about that...

[golde30]

there are numerous reasons you should not be happy about that...

i agree. i dont know how many times ppl i know have been hit by drunk/ stupid idiots who didnt have insurance. its really a PITA to try and collect money from some1 who couldnt even afford to get insurance in the first place.