should my insurence be 1026 every 6 months?

[NICE59FORDF100]

hello. I have a 92 ford explorer eddie bauer, and it has 133000 miles. im also 16. now, i know insurence is high for a 16 year old, but i have a friend, same age as me, who has a 1993 chevy 1500 extended cab with the v-8 that was offered, what ever it is. and his insurence is 420 every 6 months. we even have the same insurence company. if my insurence should be that much, i dont know if i want to keep driving my baby. tell me all your thoughts on this.

 

[Robb]

To be honest with ya, yours is TOO high and his is TOO low. Have you tried just sitting down with your insurance agent and asking him? Your 11 year old explorer shouldn't be causing high rates.

 

[Easter]

It sounds a little high.. if it's liability only, otherwise it's not that bad.

You do have to remember that with liability only, your rate is pretty much determined by three things, your age, your driving record, and how much damage you can do with what you drive.. it doesn't have a whole lot to do with how old your car is or what it's worth.. for example, if you drove an econobox your insurance would be MUCH less, but still not "cheap". I remember paying about $80 a month when I was 17 and driving my dodge omni (crackerbox).

Now, comprehensive coverage on my X is cheaper than that.. hehe.. it's something rediculous like $378 for 6 months, but my husband's '01 chevy truck is somehting like $1100.. it's obscene, but I get the benefit of being female, over 21, married, and a spotless driving record, he still has being male and a few speeding tickets against him. His rate should drop by half in another two years when he's 25.

 

[NICE59FORDF100]

that, and i dont have any bad spots on my record. knock on wood. im on my parents plan, and we have three cars total. plus, im also shared on my sisters plan, seeing im contining her bank payments, and it is still in her name. i have two payments left. yay. i have a good student discount, and a fam vehicle tag. i think we are goin to go in and talk to the insurence agent tomorrow. anyway, thanks for all ya'lls input.

 

[X~FACTOR]

It's weird how Insurance companies get their rates. Did you know that a Red vehicle cost more to insure than a Brown vehicle? Try shopping around for the best rates. I read somewhere that this is the biggest mistakes people make when it comes to Insuring their vehicles.

 

[AlaskanJack]

An SUV costs more to insure than a pickup truck with a bed. Just FYI

 

[NICE59FORDF100]

yep. a chevy truck, the most popular trucks that most teenagers hop and trick out. you'd think the chevy truck, with a 5.8 liter V-8 would be higher than mine. hmm...something to think about, hog tie all insurence agents...hmm, that would rasie life insurence then....

 

[snocross1985]

I am 17, had one ticket and am paying around $1000 A YEAR on my 1994 Green XLT (also has an alarm system and LoJack)

 

[NICE59FORDF100]

i wonder if i can get a better deal through progressive....thay all drive explorers.

 

[snocross1985]

Mines through Liberty Mutual and like I said, Mines only about $1000 a year compared to your over $2000 a year.

 

[NICE59FORDF100]

i wonder if i can print this post out, and take it into the insurence company and show them....just a thought

 

[jimbo74]

i shopped around.. and ultimately ended up with progressive.... well some little specialty thing they own or something, but still progressive..... theirs was cheaper.... i have my truck and also my moms now insured on me, for liabilty only, multiple vehicle and a horrid record, sr-22 filing and my insurance is now $2450 a year!

 

[Klowns]

1026 every 6 months, i'll take what you got. I'm paying 300+ every month, and I'm 20, haven't had any tickets for over 2 years, blah blah, good student discount, and if I hit someone I still arne't covered, dunno if i'm covered for theft either. I'm gettin pissed off, I'm having my dad try and figure out why its so much.

It would only cost me $300 a month to be fully covered on my room mates 99 saleen mustang. Go figure, it would cost more than that, to be semi covered in an explorer, lol.

 

[DonM]

Sounds to high to me.

Just to give you an example, Im 25 and in NJ and I pay $1000 per year for full coverage!

I go thru Allstate btw.

 

[EliteConcept]

you friend may also be insured under his parents name on that chevy pickup as a driver not the primary driver.
Keep that in mind.

I am 20 and i'm paying about $1550 a year for Full coverage, but see my dad is listed as the primary driver on my explorer and i'm listed as the primary driver on his 91 chevy pickup....but since we are all on the same policy we can drive each others cars and still be covered....sort of a loop hole in the system...as long as everyone is covered on a car its all good

 

['96explorereddiebauer]

When I was 16, I had a Jeep Grand Cherokee 5.9Limited. My insurance was $1,240 every 6 months. So don't feel bad. But once I turned 18 and got my third car (Explorer), my insurance dropped to a whopping $200 every 6 months. It's awesome!! I love my insurance company!! BTW, I have Allstate.

 

[Dan Whitaker]

You didn't mention if his Chevy was two wheel or four wheel drive. If it is only two wheel drive it will be cheaper BUT not by that much.

 

[spta97]

Originally posted by Dan Whitaker
You didn't mention if his Chevy was two wheel or four wheel drive. If it is only two wheel drive it will be cheaper BUT not by that much.

Interesting. Is it because of the added cost? I thought that a 4x4 would be safer to drive?

As far as insurance rates, it varies SOOOO much depending on age, record, location, car, blah, blah. One thing that insurance companies do (in NY anyway) is they'll put the highest-risk driver on the most expensive car in the house. Their phillosiphy is that you could perhaps drive that car (they just do it for more money).

Another thing about NY is they offer a defensive driving course that takes 10% off of your comprehensive. 6 hours but worth the $50 or what ever it is.

 

[Dan Whitaker]

The insurance companies think if you have a four wheel drive that you are going to go off road quite a bit and are more likely to dammage the vehicle or injur you or someone else.

 

[Marchand]

You guys suck...I should be the one complaining here. The cheapest plan I could find with full coverage is $1928/6 months! I'm 20 years old and have a clean record. I drive a 1999 Ford Explorer, their excuse was because I'm young and driving an SUV