Insurance Question

Kingpin1320 · 03-20-2011, 01:12 PM

Hey everyone.

Im new to this site but I have some pretty good knowledge on this subject. My dad owns an insurance company. Anyway, There are a lot of things that go into your insurance quotes, your age, driving history, what kind of car you have, what kind of insurance you want (full coverage, or liability only) etc. Most car insurance companies give you a large break on your 21st birthday so if your 21 or older, your insurance will be lower. Your next big break will be on your 26th birthday. If you have a bad driving record then you will be considered high risk, that will effect it as well. Every car has an insurance rating which determines how high your insurance will be, unfortunately for us, our car is rated higher than a Z06 corvette for the fact that most people that drive this car are younger people as apposed to the corvette, who's owners are generally older.

If you have a clean record, 21 years old, and want full coverage then a good cost should be between 1000-1400 depending on what insurance company you go through.

Not saying most of you didn't already know this but just to clarify in case anyone didn't know some of the factors they take in to consideration.

Nismo89 · 03-20-2011, 02:48 PM

Quote:

Originally Posted by Kingpin1320

Hey everyone.

Im new to this site but I have some pretty good knowledge on this subject. My dad owns an insurance company. Anyway, There are a lot of things that go into your insurance quotes, your age, driving history, what kind of car you have, what kind of insurance you want (full coverage, or liability only) etc. Most car insurance companies give you a large break on your 21st birthday so if your 21 or older, your insurance will be lower. Your next big break will be on your 26th birthday. If you have a bad driving record then you will be considered high risk, that will effect it as well. Every car has an insurance rating which determines how high your insurance will be, unfortunately for us, our car is rated higher than a Z06 corvette for the fact that most people that drive this car are younger people as apposed to the corvette, who's owners are generally older.

If you have a clean record, 21 years old, and want full coverage then a good cost should be between 1000-1400 depending on what insurance company you go through.
Not saying most of you didn't already know this but just to clarify in case anyone didn't know some of the factors they take in to consideration.

im 21, turning 22 in May (17th) and looking for the absolute best rate so far... clean drving record, no arrests, credit score somewhere between 750 to low 800's.... i drive to and from work 4-5 days a week (15 miles one way, so 30 miles around trip) exc..
-21st century qouted me with " Your 6-month quote is just $1044.64"
-Progressive qouted me with "
Your 6-month policy premium is $591.00 if paid in full or monthly payments of $114.19/month"
-Geico sent me a qoute again today with.. " $725.60 for 6 months of coverage"

Kingpin1320 · 03-20-2011, 03:23 PM

Quote:

Originally Posted by Nismo89

im 21, turning 22 in May (17th) and looking for the absolute best rate so far... clean drving record, no arrests, credit score somewhere between 750 to low 800's.... i drive to and from work 4-5 days a week (15 miles one way, so 30 miles around trip) exc..
-21st century qouted me with " Your 6-month quote is just $1044.64"
-Progressive qouted me with "
Your 6-month policy premium is $591.00 if paid in full or monthly payments of $114.19/month"
-Geico sent me a qoute again today with.. " $725.60 for 6 months of coverage"

Some companies are obviously a lot better than others and it also depends on where you live. Where I'm from the quotes I gave are about average, possibly a little high but not much. I'd say you found a good deal with progressive either way though.

Nismo89 · 03-20-2011, 04:06 PM

Quote:

Originally Posted by Kingpin1320

Some companies are obviously a lot better than others and it also depends on where you live. Where I'm from the quotes I gave are about average, possibly a little high but not much. I'd say you found a good deal with progressive either way though.

thats what i was thinking too, course i did that " name your price " option that they have..that noone else seems to have...

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03-20-2011, 01:12 PM	#1 (permalink)
Kingpin1320 Base Member Join Date: Jan 2011 Location: Ohio Age: 36 Posts: 62 Drives: 370z Rep Power: 16	Hey everyone. Im new to this site but I have some pretty good knowledge on this subject. My dad owns an insurance company. Anyway, There are a lot of things that go into your insurance quotes, your age, driving history, what kind of car you have, what kind of insurance you want (full coverage, or liability only) etc. Most car insurance companies give you a large break on your 21st birthday so if your 21 or older, your insurance will be lower. Your next big break will be on your 26th birthday. If you have a bad driving record then you will be considered high risk, that will effect it as well. Every car has an insurance rating which determines how high your insurance will be, unfortunately for us, our car is rated higher than a Z06 corvette for the fact that most people that drive this car are younger people as apposed to the corvette, who's owners are generally older. If you have a clean record, 21 years old, and want full coverage then a good cost should be between 1000-1400 depending on what insurance company you go through. Not saying most of you didn't already know this but just to clarify in case anyone didn't know some of the factors they take in to consideration.