Insurance

PiggySmallz · May 22nd, 2007, 10:01 PM

called today about insurance...apparently being 20 and living in brooklyn new york means my insurance is $16,000 a year and under my moms name is $8,500....

WOW. Anyone else in the area with better rates? Better yet is anyone elses insurance even remotely close to this price?

BWAL · May 22nd, 2007, 10:03 PM

HOLLLLYYYYY SHIIITTTTTT

thats gotta be a joke.

MustangMatt96GT · May 22nd, 2007, 10:07 PM

Yeah man double check on that! I think I am going to get my insurance down to around 500 ever six months and I am only 16!

PiggySmallz · May 22nd, 2007, 10:08 PM

Originally Posted by BWAL09

HOLLLLYYYYY SHIIITTTTTT

thats gotta be a joke.

i wish...i assumed it would be high, around 6,000-7,000 for me and 4,000-5,000 under my moms name...im in shock...thats disgusting. How can they charge that much money? I'd be buying about 2-3 GT's in insurance alone in 5 years. If i had that kind of money I would have bought a GT500. I don't even know what to do about it...i know brooklyn has the highest insurance rates in the nation but thats an ass raping, i obviously can't afford that. I called all state, geico, and progressive and it was all around the same price

BWAL · May 22nd, 2007, 10:10 PM

have you got quotes from any other agencies?

BTW, which agency quoted you at 16k?

MustangMatt96GT · May 22nd, 2007, 10:10 PM

Call a different insurance company or get on their websites and shop around!

BWAL · May 22nd, 2007, 10:10 PM

nevermind.. you edited your post and answered my questions lol

PiggySmallz · May 22nd, 2007, 10:11 PM

All State wanted 17,500 Geico wanted 18,000 and Progressive wanted 14,400...for full coverage. I averaged it out to about 16,000. It's completely absurd

MustangMatt96GT · May 22nd, 2007, 10:13 PM

All I can say is move to another city or state! lol That is outrageous! and are you sure they said 17500 and not 1750?

cohnhead21 · May 22nd, 2007, 10:13 PM

yeah my friends got an m3 in bk with 6 tickets and 2 accidents and its about 8k every 6 months...

u have a clean reckerd?

PiggySmallz · May 22nd, 2007, 10:15 PM

and i forgot to mention, i've never had an accident and i've never even been pulled over. I guess i'll get it insured under my moms name and have her leave me off the policy and drive as an uninsured motorist. This way if anything happens the insurance will cover it. I'm going to have her call tomorrow and get a quote. I hope its under 3,000

Jucostud · May 22nd, 2007, 10:39 PM

dude, thats crazy... I'm 21 and have full coverage on an '07 GT for $110 a month.

All i can say is move to texas.

Modern_Muscle · May 23rd, 2007, 12:01 AM

OMFG...i thought my 190 a month was bad...and ive totalled a car, gottenm 3 tickets, and etc...

Check state farm...

also, look where youre living, the crime rate, and etc...that can really spike insurance...+1 on moving to texas...

Ensit Mike · May 23rd, 2007, 01:40 AM

im in LA and its 300 a month.... :/

THnCS · May 23rd, 2007, 08:37 AM

Originally Posted by PiggySmallz

and i forgot to mention, i've never had an accident and i've never even been pulled over. I guess i'll get it insured under my moms name and have her leave me off the policy and drive as an uninsured motorist. This way if anything happens the insurance will cover it. I'm going to have her call tomorrow and get a quote. I hope its under 3,000

Hey PiggySmallz,
I happen to be an agent in CO. Damn, I thought our rates here were high!!! Not sure of the laws in NY. But if you live with your mom and are not rated on any autos, they can deny any claim if you drive any auto in the household. They can get you for undisclosed household member. Here in CO, if you live in the household you are rated or excluded. Just beware, I would hate to see you end up no coverage. Just a friendly heads up. You will also need to make sure your mom's name is on the title, very few companies here will insure an auto titled in someone else's name. Just really be carefull, the one thing I have heard of NY is the insurance fraud is huge part of the high rates. Make sure you are not crossing that line up there. They really look for anything to deny a claim.

PiggySmallz · May 23rd, 2007, 06:01 PM

Originally Posted by THnCS

Hey PiggySmallz,
I happen to be an agent in CO. Damn, I thought our rates here were high!!! Not sure of the laws in NY. But if you live with your mom and are not rated on any autos, they can deny any claim if you drive any auto in the household. They can get you for undisclosed household member. Here in CO, if you live in the household you are rated or excluded. Just beware, I would hate to see you end up no coverage. Just a friendly heads up. You will also need to make sure your mom's name is on the title, very few companies here will insure an auto titled in someone else's name. Just really be carefull, the one thing I have heard of NY is the insurance fraud is huge part of the high rates. Make sure you are not crossing that line up there. They really look for anything to deny a claim.

yea the guy told me that brooklyn has the highest insurance rates in the nation and i'm in a high risk pool. I live in a very nice area however about 30 blocks down where you cross the highway its not so great. That factors into it i'm sure. The car would be titled under my mom's name and the agent said another reason why the rates are so high here is the uninsured motorist policy. I would be covered under my moms name, but if i did get into an accident they would automatically add me to her policy and both her rates and mine would sky rocket. I need to look into it more and see what I can do. I don't want to make matters worse for myself or my mom. Until then, I'll just keep saving money for this car. I've been dreaming of owning one since 2005, i'm almost there. I'm hoping to get it resolved by my birthday in July. So hopefully I'll be posting pictures soon

BWAL · May 23rd, 2007, 07:11 PM

what kind of car?

PiggySmallz · May 23rd, 2007, 07:26 PM

2007 Mustang GT...any other car would just be a waste of money to me

oldernewbie · May 23rd, 2007, 07:47 PM

Its a ripoff that insurance companies rate us on where we live, what we do for a living and other private information that has nothing to do with our driving abilities and driving record. It used to be good drivers got good rates, but not anymore.

Jucostud · May 23rd, 2007, 08:05 PM

Originally Posted by oldernewbie

Its a ripoff that insurance companies rate us on where we live, what we do for a living and other private information that has nothing to do with our driving abilities and driving record. It used to be good drivers got good rates, but not anymore.

It texas your credit score has to do with your rates also!

May 22nd, 2007, 10:01 PM	#1
PiggySmallz Moderator 2007 Mustang GT Join Date: Feb 2007 Location: Brooklyn, NY Posts: 3,444 iTrader: 2 reviews	Insurance called today about insurance...apparently being 20 and living in brooklyn new york means my insurance is $16,000 a year and under my moms name is $8,500.... WOW. Anyone else in the area with better rates? Better yet is anyone elses insurance even remotely close to this price?

May 22nd, 2007, 10:03 PM	#2
BWAL MSTRB8N & MDR8N 2021 Mustang V15 Quad Turbo with nawz Join Date: Nov 2006 Location: On The Shaft Posts: 19,640 Blog Entries: 2 iTrader: 4 reviews	HOLLLLYYYYY SHIIITTTTTT thats gotta be a joke. __________________ MM 1 am boner crew Cars and mod list in garage i like veiny meat sliding between my buttcheeks

May 22nd, 2007, 10:07 PM	#3
MustangMatt96GT Proud American 1996 Mustang GT Join Date: Dec 2006 Location: Lakewood, CO Posts: 10,688 iTrader: 3 reviews	Yeah man double check on that! I think I am going to get my insurance down to around 500 ever six months and I am only 16! __________________ RIP Travis Billings Special Thanks to: Andrews Racing Transmissions Baseline Suspensions 25.3 SFI Chassis Build Never Lift Racecars

May 22nd, 2007, 10:10 PM	#5
BWAL MSTRB8N & MDR8N 2021 Mustang V15 Quad Turbo with nawz Join Date: Nov 2006 Location: On The Shaft Posts: 19,640 Blog Entries: 2 iTrader: 4 reviews	have you got quotes from any other agencies? BTW, which agency quoted you at 16k? __________________ MM 1 am boner crew Cars and mod list in garage i like veiny meat sliding between my buttcheeks

May 22nd, 2007, 10:10 PM	#6
MustangMatt96GT Proud American 1996 Mustang GT Join Date: Dec 2006 Location: Lakewood, CO Posts: 10,688 iTrader: 3 reviews	Call a different insurance company or get on their websites and shop around! __________________ RIP Travis Billings Special Thanks to: Andrews Racing Transmissions Baseline Suspensions 25.3 SFI Chassis Build Never Lift Racecars

May 22nd, 2007, 10:11 PM	#8
PiggySmallz Moderator 2007 Mustang GT Join Date: Feb 2007 Location: Brooklyn, NY Posts: 3,444 iTrader: 2 reviews	All State wanted 17,500 Geico wanted 18,000 and Progressive wanted 14,400...for full coverage. I averaged it out to about 16,000. It's completely absurd

May 22nd, 2007, 10:13 PM	#9
MustangMatt96GT Proud American 1996 Mustang GT Join Date: Dec 2006 Location: Lakewood, CO Posts: 10,688 iTrader: 3 reviews	All I can say is move to another city or state! lol That is outrageous! and are you sure they said 17500 and not 1750? __________________ RIP Travis Billings Special Thanks to: Andrews Racing Transmissions Baseline Suspensions 25.3 SFI Chassis Build Never Lift Racecars

May 22nd, 2007, 10:13 PM	#10
cohnhead21 Regular Join Date: Feb 2007 Posts: 232 iTrader: 0 reviews	yeah my friends got an m3 in bk with 6 tickets and 2 accidents and its about 8k every 6 months... u have a clean reckerd?

May 22nd, 2007, 10:15 PM	#11
PiggySmallz Moderator 2007 Mustang GT Join Date: Feb 2007 Location: Brooklyn, NY Posts: 3,444 iTrader: 2 reviews	and i forgot to mention, i've never had an accident and i've never even been pulled over. I guess i'll get it insured under my moms name and have her leave me off the policy and drive as an uninsured motorist. This way if anything happens the insurance will cover it. I'm going to have her call tomorrow and get a quote. I hope its under 3,000

May 22nd, 2007, 10:39 PM	#12
Jucostud booooost'd 2007 Mustang Join Date: Nov 2006 Location: drink'n ur kool-aid Posts: 7,043 iTrader: 0 reviews	dude, thats crazy... I'm 21 and have full coverage on an '07 GT for $110 a month. All i can say is move to texas. __________________ Jucostud's Official Build Thread 1988 LX HATCH 5.0 - FOR SALE $5,000 OBO 2007 vortech gt - SOLD! Looking for next project

May 23rd, 2007, 12:01 AM	#13
Modern_Muscle Hardcore Enthusiast Join Date: Jan 2007 Location: Texas Posts: 1,347 iTrader: 1 reviews	OMFG...i thought my 190 a month was bad...and ive totalled a car, gottenm 3 tickets, and etc... Check state farm... also, look where youre living, the crime rate, and etc...that can really spike insurance...+1 on moving to texas... __________________ 1998 Trans Am WS6. (Anti Venom) Forged 347, stage 3 T56, and a 76mm Turbo... 659rwhp @ 13.5# ~725rwhp @ 15.5# Meth, C16, and 20psi coming soon 03 Z71 (H/C/I/E/T)...sold 2005 GT, Full Bolt-Ons...12's... GONE

May 23rd, 2007, 01:40 AM	#14
Ensit Mike Regular 2005 Mustang GT Join Date: Feb 2007 Location: Los Angeles, CA Posts: 149 iTrader: 0 reviews	im in LA and its 300 a month.... :/

May 23rd, 2007, 07:11 PM	#17
BWAL MSTRB8N & MDR8N 2021 Mustang V15 Quad Turbo with nawz Join Date: Nov 2006 Location: On The Shaft Posts: 19,640 Blog Entries: 2 iTrader: 4 reviews	what kind of car? __________________ MM 1 am boner crew Cars and mod list in garage i like veiny meat sliding between my buttcheeks

May 23rd, 2007, 07:26 PM	#18
PiggySmallz Moderator 2007 Mustang GT Join Date: Feb 2007 Location: Brooklyn, NY Posts: 3,444 iTrader: 2 reviews	2007 Mustang GT...any other car would just be a waste of money to me

May 23rd, 2007, 07:47 PM	#19
oldernewbie Softcore Porn Enthusiast Chebby Colorado 5 Banger Redlines In Neutral Join Date: Jul 2006 Location: 3000 Miles East Of The West Coast Posts: 1,018 iTrader: 0 reviews	Its a ripoff that insurance companies rate us on where we live, what we do for a living and other private information that has nothing to do with our driving abilities and driving record. It used to be good drivers got good rates, but not anymore. __________________ 2005 Colorado LS, Z71 Off Road Package, I5 Vortec, Space Age Plastic Bed-Liner W/Shiny Factory Installed Deep Drop Tool Box, Twin 12 Volt Power Points...In A Whopping 200+ HP Beast.

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