sti insurance! please help!

AdamBlitzer · 09-25-2005, 04:11 PM

Hey all. so i am 17 and am insured with AIG...

i pay 4,700 a year and i just feel badly for my parents so i am looking to do something!

i do not drive more than 10,000 a year.. so i was wondering i could be considered a part time driver.. and i do not commute in the car daily.. just wondering what option there is.

Is it insurance fraud if i were to say i am on a passat that no one drives? i would not be driving it but it is just another car. i would assume it is cheaper for me to say a passat than my moms benz or dads porsche..

just looking for some help from you guys that have had to deal with insurance for so long

mx270a · 09-25-2005, 04:15 PM

If you are 17, drive a STI, and have all those mods, then you don't get much symapthy from me about your insurance rates. Heck, I'm 24 and I think my insurance is outrageous for the STI. It is part of owning a car like this.

To really get an answer to your question, you should probably call your insurance agent.

Based on your parents' cars, that must be an awesome garage. You are very lucky to be able to drive a car such as the STI. Now I'm going to go out on a limb here and assume that this car was bought for you. I'm guessing you didn't work your butt off at a part time job to save to 30Gs to purchase it. Keep in mind this also puts you into a class where *statistically* you are more likely to get into an accident simply because you didn't work your butt off to buy something. Typically if you work for something, then it has more value and thus gets taken care of more. I'm sorry if this sounds a little harsh, but its life. At age 17, your primary car is a sports car. Yeah, your insurance will be high.

-Lance

AdamBlitzer · 09-25-2005, 04:17 PM

why? i work hard, have a 3.7 gpa... just trying to get some money off.. my parents have very large assets so that is why it is so high i believe.. just looking for some positive help.

05SilverSTI · 09-25-2005, 04:37 PM

If your parents have no problem paying for it, why you do?

AdamBlitzer · 09-25-2005, 04:46 PM

i dont.. but why not save money and put it towards my car? just because i am blessed to have funds does not mean i take it for granted thank you very much. a penny saved is a penny earned.

denver133 · 09-25-2005, 05:33 PM

Insurance rates aren't based on amount of assets. If you parents have a lot of their assets insured with the same company, then you better believe that those rates are going to be much lower. Having multilines of insurance with mulitiple cars (why I have a $300 86 escort saves me over 1200 a year). Talk with other insurance agents with different types of company. Also, it sounds like your parents have some cash so why not make your deductable higher to $1000 or to $2000. That will save you quiet a bit. If an agency says that a defensive driving course would drop it, do it! Also grades help. Don't get your hopes up to getting down to 1500 a year, you are still 17 and soooooooo many teens die in cars. I am only 24 but I feel that age still sometimes. I have a little bro that is the same age. We put him in a bugeye wrx to get him started. He loves it and has learned. Good luck.

AdamBlitzer · 09-25-2005, 05:50 PM

wow denver- i really appreciate the time you spent to type that.. you dont find people answering all of your questions often. so thank you. i will look into all of that considering i dont know what my deductable is. thank you. i will reply on this tomorrow after i talk with the agent.

denver133 · 09-25-2005, 05:54 PM

I used to sell insurance so it wasnt hard to explain. Don't eve sell insurance. You don't sleep at night cause you make people buy **** they dont need. LOL

Tortfeasor STi · 09-25-2005, 05:55 PM

There are a number of things you can do to lower your insurance. Many insurance companies have good student discounts for getting a certain GPA or for academic honors. I know, because when I was in high school I got these discounts too. Also, if your state starts you with points on your licence, or you have any from tickets, take a safe driving course to get some points deducted. Also, if you are insured on your parent's vehicles, and they drive nice cars, that will significantly increase your yearly dues. My brother is in college and has his own insurance that the parents cover because it actually costs less to have a seperate policy on him just for his car than having him on the family plan covering all our cars. In the end it is all about finding out what discounts a variety of companies will give you and seeing what makes the best sense for you. A little research will go a LONG way towards your goal.

Ol'SaltyBastard · 09-25-2005, 05:59 PM

Recently, I switched insurance companies. The one I was with for seven years upped the rate to 2400 a year. I'm 33 and a homeowner (house is insured through them as well.) Apparently, they reclassified the STi, and are now trying to shake me down for more bread.

My new insurance company charges me $850 a year. I also have more coverage. Shop around, but keep in mind that you are 17 and insurance is going to be really high for you.

AdamBlitzer · 09-25-2005, 06:11 PM

i will find all this out.. can i be 17 and have my own policy? just my car? thanks guys

***Neanderthal Racing*** · 09-25-2005, 06:59 PM

Quote:

Originally Posted by AdamBlitzer

i will find all this out.. can i be 17 and have my own policy? just my car?

i believe, not unless you are an "emancipated" minor.

i've had a little time to think about it since talking to you.

the reason insurance companies insist that the policyowner list each person who lives in the household is because they automatically assume everyone in the house will drive all the cars listed on the policy, i.e., you are driving the porsche, etc., even if youre not. i'm not sure lying about it will make any difference if you use the same address. you are, at 17 are the lowest common denominator, rate-wise, in the household (unless one of the others in-house has a seriously messed up driving record). the insurance won't change for your parents until you move out permanently. your rate probably wouldn't change much either way.

i would look into those academic discounts and check out other companies. it could be worse. you could be in nj.

AdamBlitzer · 09-25-2005, 07:11 PM

haha yes i am greatful not to live in NJ( for insurance purposes only of course

) haha.. i will start looking into all of this.

straightouttajersey · 09-26-2005, 05:51 AM

NJ isn't that bad :-p...while my insurance is still pretty high...im not paying anywhere near 4700 a year...I was always under the assumption though that if you could pay for the insurance, it doesn't matter what age you are to be able to hold a policy. When I first started driving, I had a friend who bought a brand new hyundai, and if I recall correctly he had his own policy, paying his own insurance, and we were 17. I might be mistaken, and perhaps it differs from agency to agency..

Kirv · 09-26-2005, 06:02 AM

I called Geico to cancel. I told them that I was going to move to another company, I had a quote in hand from Progressive that was WAY less than my current rate. Geico gave me a big break, now I pay about $1,200 / yr (this is down from over $2,000 / year). I know that won't happen if you're 17, but $4,700 still sounds a bit high.

The point is just that a phone call might save you a lot of $$ if you can back up your story with a competitive quote from another insurance co.

Oh yeah, you guessed it, I'm old, that's why I only pay $1,200 insr / yr for an STi.

09-25-2005, 04:11 PM	#1
AdamBlitzer Spec C Club Posts: 1,109 Join Date: Jan 2005 Trader Rating: (3)	sti insurance! please help! Hey all. so i am 17 and am insured with AIG... i pay 4,700 a year and i just feel badly for my parents so i am looking to do something! i do not drive more than 10,000 a year.. so i was wondering i could be considered a part time driver.. and i do not commute in the car daily.. just wondering what option there is. Is it insurance fraud if i were to say i am on a passat that no one drives? i would not be driving it but it is just another car. i would assume it is cheaper for me to say a passat than my moms benz or dads porsche.. just looking for some help from you guys that have had to deal with insurance for so long This ad is not endorsed by this member. Please register or login to hide this ad.

09-25-2005, 04:15 PM	#2
mx270a Senior STI Driver Location: Cedar Rapids, Iowa Posts: 395 Join Date: Jun 2003 Trader Rating: (0)	If you are 17, drive a STI, and have all those mods, then you don't get much symapthy from me about your insurance rates. Heck, I'm 24 and I think my insurance is outrageous for the STI. It is part of owning a car like this. To really get an answer to your question, you should probably call your insurance agent. Based on your parents' cars, that must be an awesome garage. You are very lucky to be able to drive a car such as the STI. Now I'm going to go out on a limb here and assume that this car was bought for you. I'm guessing you didn't work your butt off at a part time job to save to 30Gs to purchase it. Keep in mind this also puts you into a class where statistically you are more likely to get into an accident simply because you didn't work your butt off to buy something. Typically if you work for something, then it has more value and thus gets taken care of more. I'm sorry if this sounds a little harsh, but its life. At age 17, your primary car is a sports car. Yeah, your insurance will be high. -Lance Last edited by mx270a : 09-25-2005 at 04:23 PM.

09-26-2005, 06:02 AM	#15
Kirv Professional STI Racer Car: 05 STi Silver Fav Mod: Rumble + Torque = COBB Stg2 Location: CT Posts: 727 Join Date: Aug 2005 Trader Rating: (8)	I called Geico to cancel. I told them that I was going to move to another company, I had a quote in hand from Progressive that was WAY less than my current rate. Geico gave me a big break, now I pay about $1,200 / yr (this is down from over $2,000 / year). I know that won't happen if you're 17, but $4,700 still sounds a bit high. The point is just that a phone call might save you a lot of $$ if you can back up your story with a competitive quote from another insurance co. Oh yeah, you guessed it, I'm old, that's why I only pay $1,200 insr / yr for an STi. This ad is not endorsed by this member. Please register or login to hide this ad.

09-25-2005, 04:17 PM	#3
AdamBlitzer Spec C Club Posts: 1,109 Join Date: Jan 2005 Trader Rating: (3)	why? i work hard, have a 3.7 gpa... just trying to get some money off.. my parents have very large assets so that is why it is so high i believe.. just looking for some positive help.

09-25-2005, 04:37 PM	#4
05SilverSTI Spec C Club Car: 05 silver/silver STI Location: S.I NY / Boulder CO Posts: 1,535 Join Date: Sep 2004 Trader Rating: (0)	If your parents have no problem paying for it, why you do?

09-25-2005, 04:46 PM	#5
AdamBlitzer Spec C Club Posts: 1,109 Join Date: Jan 2005 Trader Rating: (3)	i dont.. but why not save money and put it towards my car? just because i am blessed to have funds does not mean i take it for granted thank you very much. a penny saved is a penny earned.

09-25-2005, 05:33 PM	#6
denver133 Spec C Club Car: 08 specB Location: San Diego, CA Posts: 1,522 Join Date: Sep 2004 Trader Rating: (0)	Insurance rates aren't based on amount of assets. If you parents have a lot of their assets insured with the same company, then you better believe that those rates are going to be much lower. Having multilines of insurance with mulitiple cars (why I have a $300 86 escort saves me over 1200 a year). Talk with other insurance agents with different types of company. Also, it sounds like your parents have some cash so why not make your deductable higher to $1000 or to $2000. That will save you quiet a bit. If an agency says that a defensive driving course would drop it, do it! Also grades help. Don't get your hopes up to getting down to 1500 a year, you are still 17 and soooooooo many teens die in cars. I am only 24 but I feel that age still sometimes. I have a little bro that is the same age. We put him in a bugeye wrx to get him started. He loves it and has learned. Good luck.

09-25-2005, 05:50 PM	#7
AdamBlitzer Spec C Club Posts: 1,109 Join Date: Jan 2005 Trader Rating: (3)	wow denver- i really appreciate the time you spent to type that.. you dont find people answering all of your questions often. so thank you. i will look into all of that considering i dont know what my deductable is. thank you. i will reply on this tomorrow after i talk with the agent.

09-25-2005, 05:54 PM	#8
denver133 Spec C Club Car: 08 specB Location: San Diego, CA Posts: 1,522 Join Date: Sep 2004 Trader Rating: (0)	I used to sell insurance so it wasnt hard to explain. Don't eve sell insurance. You don't sleep at night cause you make people buy **** they dont need. LOL

09-25-2005, 05:55 PM	#9
Tortfeasor STi S204 Racer Car: '08 335xi Coupe Fav Mod: Dinan Reflash Location: Princeton, NJ Posts: 3,452 Join Date: Aug 2005 Trader Rating: (0)	There are a number of things you can do to lower your insurance. Many insurance companies have good student discounts for getting a certain GPA or for academic honors. I know, because when I was in high school I got these discounts too. Also, if your state starts you with points on your licence, or you have any from tickets, take a safe driving course to get some points deducted. Also, if you are insured on your parent's vehicles, and they drive nice cars, that will significantly increase your yearly dues. My brother is in college and has his own insurance that the parents cover because it actually costs less to have a seperate policy on him just for his car than having him on the family plan covering all our cars. In the end it is all about finding out what discounts a variety of companies will give you and seeing what makes the best sense for you. A little research will go a LONG way towards your goal.

09-25-2005, 05:59 PM	#10
Ol'SaltyBastard Spec C Club Car: 1983 Mercedes Benz 3 Location: N. Kentucky/Cinci Posts: 1,464 Join Date: Feb 2004 Trader Rating: (0)	Recently, I switched insurance companies. The one I was with for seven years upped the rate to 2400 a year. I'm 33 and a homeowner (house is insured through them as well.) Apparently, they reclassified the STi, and are now trying to shake me down for more bread. My new insurance company charges me $850 a year. I also have more coverage. Shop around, but keep in mind that you are 17 and insurance is going to be really high for you.

09-25-2005, 06:11 PM	#11
AdamBlitzer Spec C Club Posts: 1,109 Join Date: Jan 2005 Trader Rating: (3)	i will find all this out.. can i be 17 and have my own policy? just my car? thanks guys

09-25-2005, 07:11 PM	#13
AdamBlitzer Spec C Club Posts: 1,109 Join Date: Jan 2005 Trader Rating: (3)	haha yes i am greatful not to live in NJ( for insurance purposes only of course ) haha.. i will start looking into all of this.

09-26-2005, 05:51 AM	#14
straightouttajersey Spec C Club Car: 05 STi Posts: 1,467 Join Date: Sep 2005 Trader Rating: (1)	NJ isn't that bad :-p...while my insurance is still pretty high...im not paying anywhere near 4700 a year...I was always under the assumption though that if you could pay for the insurance, it doesn't matter what age you are to be able to hold a policy. When I first started driving, I had a friend who bought a brand new hyundai, and if I recall correctly he had his own policy, paying his own insurance, and we were 17. I might be mistaken, and perhaps it differs from agency to agency..