insurance question

[daniel240]

i am 19, and im currently in college. next yr i think i might live at home and go to a college like 20-25min away from my house. i really want to live there but i dont want to put the miles on my s14. however i was thinking and i could just get a cheap crappy car and drive it for a lot less than the cost of living on campus. now my insurance right now is sky high and i was wondering if i get a cheap car that has cheap insurance, if i could put that car as my main driver and my s14 as like 2ndary or something. im sure many of you do similiar things. i would drive my 240 at least a few times a wk still just not back and forth to college. im sure many of you do similar things and was just wondering what everyone else does and how much their insurance is.

[nametakennow]

Does insurance really suck that bad for 240's?

[b240]

After i finish buying my new tires , i will be taking my tax return and a few saved pay checks to put into a beater. I hear if you get a economy car and put it as your main on your insurance it will be alot cheaper. I pay 97 a month for liability only right now for my 240.

[daniel240]

yea im hoping that the insurance will actually be cheaper with the 2 cars than just one. now im paying 2,600 / 6mo for full coverage on my 240. if i get a beater i will just have liability but i still want full coverage on my 240.

[b240]

Soon i will need full coverage on mine as well. I've put almost 2500 into already , would be a sad loss if i got into a accident and it was my fault.

[Bubba1]

I don't think you should base any part of your decision about living on/off campus about keeping miles off a 7 year old car. As far as getting a second "beater" car, unless you plan to get rid of your '96 S-14, you're going to be paying more to maintain/insure/inspect/register two cars instead of one. Even if you save some insurance premiums by labelling the beater as your primary vehicle, the savings you get on the '96 will not offset the second car's premiums. Then add in all the other expenses that come with a second car, and you got yourself a bigger financial problem.. Your S-14 is a great car, but it's not a collectible by any stretch. I recommend driving and enjoying your S-14 and not worry about the mileage. Regards

[FTRS14.5]

If you have more than one car on a policy, you will get a multi-car discount. But since the S14 is regarded as a "High Performance" car in the eyes of the insurance company, your premium for the S14 will still be very high, no matter what you do. At least until you turn 21, then it goes down a LITTLE. Then it goes down even more at 25. Same thing happened to me. I got my 1998 S14 when I was 18 and my insurance was a BIATCH!!!! Good thing my dad was a insurance agent and he put me and my car under his policy. Full overage was only like $650 for 6 months. That saved A LOT!!! Try to get under your parents policy and list them as the primary driver of the S14. That what my dad did. Hope that helps a bit. Let me know if you've got anymore questions as I do have my license to sell insurance as well.

[daniel240]

thanks for your opinion, im still not for sure what to do. that is not the only reason i want to live at home and get a beater. it cost like 3000/yr to live on campus and i was just thinking for a lot less than that i could buy a beater and drive it. im not too conserned about putting miles on my car but it has 81K now and driving back and forwth to school everyday for 3yrs will put a sh1t load of miles on it. plus i want to do the sr swap sometime in the future and i would be without a car. the other reason is my insurance now is real high and im sick of paying it. i think ill find out how much it would be to do this first. im on my parents insurance now but its still freakin high.

[Oatmealman]

i pay like $35 a month for my car

[C-Kwik]

Actually, there is no straight answer for this post. It all depends. You're current rating obviously has an effect. The type of car you end up getting as well as the coverage you decide on also does. Insurance premiums are based on risk. The more risk you are financially, the more you pay. A young person driving a sports car will likely pay more for liability than he would if he drove a truck. The weight of a vehicle can have an effect. The value of your vehicle does too. And how much you drive a car directly correlates with risk since the more a car is on the road, the higher the chance it will be involved in an accident. Best thing to do is to call your insurance company or agent and give them a theoretical vehicle and ask for a quote. They should be more than happy to give it to you. I've done this and I would save money by having a beater car. Now if I stopped spending so much on this car, maybe I'd be able to afford a beater to drive around in. But then again, what fun would that be.

[b240]

Soon i will need full coverage on mine as well. I've put almost 2500 into already , would be a sad loss if i got into a accident and it was my fault.

See my post like 3 threads down , isnt this ironic?

[Former_240_s14]

Daniel,

I am 20 years old, I drive to college that is 25minutes away, and I have a s14. 96 s14 with 89xxx miles, and I paid only 147 a month when I was primary driver on it. Now that I bought my beater, my dad is primary driver on the s14 and me on the beater. Combined total payment a month for my beater and s14 together equals $109.

Hope this answers your question....

[Rockenreno]

what did you get for a beater?

[Former_240_s14]

92 Ford Tarus aka Tore-A$$ aka "the Green Goblin"

[574-240sx]

I had a 95 honduh civic coupe and my stupid insurance company was charging me 2400 a year full coverage, dam car was only worth 5500. I have no tickets my insurance company knows about and no accidents at all. I'm 19. Now i have a 92 240 and i pay 750 a year for standard coverage. Nick

[daniel240]

i was thinking of any kind of crappy cheap import because i want it to get good gas milage and i want it to be somewhat reliable. i was thinking of a civic or something easy to find that would be cheap. any thoughts??

[Former_240_s14]

i would look for other than honda, some reason they are USUALLY more expensive from my experiences. what about a mazda hatchback?

[Rockenreno]

two words: geo metro :ylsuper

[Former_240_s14]

lol!!!! i agree, same dang thing as a corolla.

[574-240sx]

I say go for a 85 honda crx HF. 59Hp and nothing would stop that car. I had to put this in because my friend picked up 2 for $25.00 and 65.00 and one needed a cv boot and other needed a clutch. 40+ mpg and you could beat the crap out of them alll you wanted because its a honduh. $45.00 a month for standard coverage. Nick

[bp2ooo]

My 1995 nissan 240sx was costing me about 1100 dollars every 6 monthes. I know its high, but im a single young male.Anyways i bought a 1991 integra gs. For 6 monthes of insurance on the integra liability is like 400, so i pay 800 a year for the integra. Then we made my mother primary on the 240, so its only 400 for 6 monthes. During the winter i just put fire and theft on the 240, because it sits in storage. So by me having another car it is saving me like 1000 dollars a year in insurance.

[daniel240]

thanks guys your comments are a big help.

[big jon's 240]

Car insurance is a scam and a ripoff!

[float_6969]

Car insurance is a scam and a ripoff!

I totally agree! Unfortunatly in KS you can't even get a tag with out insurance, and if you are caught driving with out it, they can take you're licence. They're real strick about it here, but in trade for no emmisions checks, I don't complain too much.

[574-240sx]

My opinion on insurance if you don't use it you should get some of the money back. Like a certain percent. Nick

[daniel240]

My opinion on insurance if you don't use it you should get some of the money back. Like a certain percent. Nick

agree 100% i mean just because im 19 my insurance is high, even though i have never had any kind of accident since ive gotten my license. i know there are a lot of stupid, and bad drivers out there my age but some of us are better drivers than alot of older people.

[C-Kwik]

Unfortunately, as big as the world is, there is no way for underwriters to know each person's risk. But using the law of large numbers, an insurance company can group drivers with certain ratings and come to a fairly accurate prediction as to how much a group of a particular type of risk will cost over time. This is how premiums are determined for the most part. When you are younger, it is even harder to rate because of the lack of driving history.

As far as insurance being a rip-off, consider it the next time you make an honest mistake and perhaps rear end a Mercedes who consequently rear ends a BMW. Not to mention that you might have damage to your own vehicle. Do you have that kind of money. Or even if it's a loss that's not your fault and you've just invested $50,000 in a brand new Mercedes for yourself and someone nails it while it's parked and takes off. Now you are stuck with the bill. It took my friend three losses that were not his fault before he realized how insurance could have reduced his expenses.

If you really want to make a stink about being ripped-off, make it about the people who claim fraudulent losses. Insurance fraud is a multi-billion dollar a year industry. and guess who pays for not only the claims themselves but for the work needed to try and detect these type of claims. Not the insurance comapnies....you do. If Fraud didn't exist, our premiums would probably be about half what they are now.

[574-240sx]

I know old people are bad drivers I got ran of the road monday going to work because the the 'old prum' didn't see that the road turned and that it was a 2 lane road and he didn't own the road. Now my front alignment is messed up. I'm sure that old people have pissed alot of people off. I swear some people are so old they don't even know conciously they are even driving a car. I'm done. Nick

[574-240sx]

I understand if you rear end a BMW, but the insurance company will drop you & rates go throught the roof. Then if you turn in a claim they always try to lowball you even if you have paid your premiums on time. Insurance won't get any cheaper, just look at rising health costs. Nick

[ride4lame]

Insurance is good cus otherwise idiots would hit our nice cars and not be able to afford to fix them...keep that in mind. And don't complain soo much, i am 17 and live in new jersey. we have the highest rates here and i am gonna pay like 2200 on a 91 240. so i have it worse