Insurance - Page 3 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

VVXXXVV · 09-07-2012, 01:48 AM

Wow i just switched to geico because of this thread and saved 50%! I pay about 88 dollars a month now for full coverage and roadside assistance rental 30,900 for my 2010 camaro ss, im 24, clean record married ;and active duty military. i had usaa for 4 years, deffinately shop aroud especially at the 6 month mark! Wow 50% wish i would have done this sooner.

Jcm · 09-07-2012, 01:13 PM

I feel for you kid ,been there done that. Now I'm 63, but drive like I did at 16. ..2011 2ss,,pay. $370 / year, full coverage ..travelers insur...

jd10013 · 09-07-2012, 07:24 PM

a couple things to remember here

first, just adding him to his parents policy will increase their premiums on all their vehicles. it doesn't matter which one he drives, or which one he's assigned to. because he will be insured for all the vehicles, the insurance company will assume he could possibly drive any of the vehicles.

second, being on his parents policy will cut the amount in about half............so long as they don't assign him to the camaro. they can assign him to another vehicle and he can still drive the camaro and be insured. that's possible because he's on the policy, and the policy insures the drivers regardless of what they drive. much the same way it works for spouses. each one has an assigned vehicle, but if the husband drives the wife's car everything is still covered. however, doing it that way and getting in an accident in the camaro could result in a huge rate increase.

I just went through this with my daughter. went out and bought her a 2001 civic and kept in in my name. but when I added her to my policy, the premium for every vehicle went up about 40%. even though she'll never drive my camaro, it now cost me about 150 more every 6 months to insure it.

miaomeow11 · 09-07-2012, 08:30 PM

Quote:

Originally Posted by 2014camaro

How much would insurance be for an employed 16 year old on parents with the following, no I won't be getting all 3 I need to decide.

1. Summit white 1ss/rs
2. SW 2ss/rs
3. SW 2LT/rs

Don't care if new or used we have SAFECO insurance.

i just bought a 2012 camaro black 2lt/rs and im 21 years old and i have usaa and even then its costing me about 300 a month, if u get a 1 ss or 2 ss u are going to get screwed so hard up the ass, personally i think ur gonna be running up about 500-600 a month just on insurance alone

Maniacal · 09-07-2012, 11:14 PM

My daughter turned 16 just before i got my 2012 2LT/RS AGM. She is covered to drive all my cars. She is the primary driver on the 02 grand am i also have a 05 colorado. the insurance on my Camaro is only $70 a month. My insurance only went up a total of of $88 a month when we added her and the Camaro. We have had the same policy for 20+ years. So depending on your parents policy it might not be to bad. Just don't have you listed as the primary driver on the Camaro.

2014camaro · 09-07-2012, 11:22 PM

Quote:

Originally Posted by Maniacal

My daughter turned 16 just before i got my 2012 2LT/RS AGM. She is covered to drive all my cars. She is the primary driver on the 02 grand am i also have a 05 colorado. the insurance on my Camaro is only $70 a month. My insurance only went up a total of of $88 a month when we added her and the Camaro. We have had the same policy for 20+ years. So depending on your parents policy it might not be to bad. Just don't have you listed as the primary driver on the Camaro.

This is perfect and she can drive the car all she wants??

My45thAnniversaryCamaro · 09-07-2012, 11:27 PM

Quote:

Originally Posted by Austin45

I have a 2012 2LT, 18 years old, and I can tell you that I pay $130 per month for full coverage with $500/$250 deductibles. If I didn't have any discounts it would be $180.

who do you get your insurance from?

Maniacal · 09-07-2012, 11:30 PM

Quote:

Originally Posted by 2014camaro

This is perfect and she can drive the car all she wants??

I have let her drive it a few times with me in the car and a few times by herself.

2014camaro · 09-07-2012, 11:33 PM

Quote:

Originally Posted by Maniacal

I have let her drive it a few times with me in the car and a few times by herself.

So what I might do now that I heard this, because of course I'm paying for gas and insurance and half the car, I'm going to have my dad buy the car and put it under his insurance as if it was his car, but I need to drive it DD as a student and job so I will be in it alone every day that's fine right?

Mr. iNCREDIBLE · 09-07-2012, 11:38 PM

I can tell you my 19 year old Niece just got a 2011 Malibu and is paying >$4000 a year and she has a grip of discounts from me (yeah she is on my policy as her mother doesn't drive)

without those discounts it was over $7000 a year with a $1500 deductible.

now it is above state minimum requirements because I have to protect myself, our coverage is $250K/$500K/$100K with $250 deductible on theft/comprehensive and $500 on collision, Rental car, uninsured motorist, etc.

She is excluded from driving my Camaro, she can only drive the Malibu or my wife's Camry.

compare that to the $67/month my Camaro costs for me and the $54 the Camry costs for the wife for the same coverage.

I'm going to say you are looking @ $5000 + here in Socal EASY..

and you will be and assigned risk driver until you are 21 especially in a Camaro. back in 1986 when I got my Trans Am @ 17 (1978 Trans Am, so 8 years old) I was paying over $3000 a year assigned risk on that car.

Maniacal · 09-07-2012, 11:39 PM

Quote:

Originally Posted by 2014camaro

So what I might do now that I heard this, because of course I'm paying for gas and insurance and half the car, I'm going to have my dad buy the car and put it under his insurance as if it was his car, but I need to drive it DD as a student and job so I will be in it alone every day that's fine right?

As long as you are named as a covered driver on the policy for the camaro you are fine to drive it when ever.

Mr. iNCREDIBLE · 09-07-2012, 11:44 PM

Quote:

Originally Posted by Maniacal

As long as you are named as a covered driver on the policy for the camaro you are fine to drive it when ever.

not quite, here in CA, under 18 is a provisional driver, he cannot drive after dark or on freeways until he is over 18 unless he has a licensed passenger over 25 in the car as well.

Nor can he transport any passengers under age 20 @ any time (again without a license driver over 25 also in the vehicle).

http://www.dmv.ca.gov/pubs/vctop/d06/vc12814_6.htm

CO has a lot better/lower rates that California, he is gonna get bent over in this state.

Maniacal · 09-07-2012, 11:48 PM

Quote:

Originally Posted by Mr. iNCREDIBLE

not quite, here in CA, under 18 is a provisional driver, he cannot drive after dark or on freeways until he is over 18 unless he has a licensed passenger over 25 in the car as well.

Nor can he transport any passengers under age 20 @ any time (again without a license driver over 25 also in the vehicle).

http://www.dmv.ca.gov/pubs/vctop/d06/vc12814_6.htm

Sorry wasn't thinking about different driving laws in another state. I didn't look to see where he was from.

Ozzie RS · 09-08-2012, 12:16 AM

That is definitely something to remember. I moved from FL to Houston, TX and my rates doubled almost to the penny with the same coverage and with the same insurance company. I asked the agent why and he said SoCal, NY,NY and Houston, TX all vary year to year for the most expensive insurance year to year. The actuaries look at the number of wrecks, stolen cars, etc. plus other statistics. SoCal is definitely in the top 3 for highest insurance rates no matter what your statistics are.

09-08-2012, 12:16 AM	#42
Ozzie RS Drives: '11 Camaro RS 2LT Join Date: Jun 2011 Location: Kingwood,TX Posts: 666	That is definitely something to remember. I moved from FL to Houston, TX and my rates doubled almost to the penny with the same coverage and with the same insurance company. I asked the agent why and he said SoCal, NY,NY and Houston, TX all vary year to year for the most expensive insurance year to year. The actuaries look at the number of wrecks, stolen cars, etc. plus other statistics. SoCal is definitely in the top 3 for highest insurance rates no matter what your statistics are. __________________

09-07-2012, 01:48 AM	#29
VVXXXVV Drives: 2010 Camaro 2SS/RS LS3 M6 Join Date: Jul 2012 Location: USA Posts: 141 View My Garage	Wow i just switched to geico because of this thread and saved 50%! I pay about 88 dollars a month now for full coverage and roadside assistance rental 30,900 for my 2010 camaro ss, im 24, clean record married ;and active duty military. i had usaa for 4 years, deffinately shop aroud especially at the 6 month mark! Wow 50% wish i would have done this sooner.

09-07-2012, 01:13 PM	#30
Jcm Drives: 2011 ss Join Date: Aug 2012 Location: Smyrna tn. Posts: 166	I feel for you kid ,been there done that. Now I'm 63, but drive like I did at 16. ..2011 2ss,,pay. $370 / year, full coverage ..travelers insur...

09-07-2012, 07:24 PM	#31
jd10013 Drives: 2012 camaro Join Date: Feb 2012 Location: central VA Posts: 3,199	a couple things to remember here first, just adding him to his parents policy will increase their premiums on all their vehicles. it doesn't matter which one he drives, or which one he's assigned to. because he will be insured for all the vehicles, the insurance company will assume he could possibly drive any of the vehicles. second, being on his parents policy will cut the amount in about half............so long as they don't assign him to the camaro. they can assign him to another vehicle and he can still drive the camaro and be insured. that's possible because he's on the policy, and the policy insures the drivers regardless of what they drive. much the same way it works for spouses. each one has an assigned vehicle, but if the husband drives the wife's car everything is still covered. however, doing it that way and getting in an accident in the camaro could result in a huge rate increase. I just went through this with my daughter. went out and bought her a 2001 civic and kept in in my name. but when I added her to my policy, the premium for every vehicle went up about 40%. even though she'll never drive my camaro, it now cost me about 150 more every 6 months to insure it.

09-07-2012, 11:14 PM	#33
Maniacal Drives: 2012 Ashen Grey Metallic 2LT/RS Join Date: Mar 2012 Location: Brighton, Colorado Posts: 57	My daughter turned 16 just before i got my 2012 2LT/RS AGM. She is covered to drive all my cars. She is the primary driver on the 02 grand am i also have a 05 colorado. the insurance on my Camaro is only $70 a month. My insurance only went up a total of of $88 a month when we added her and the Camaro. We have had the same policy for 20+ years. So depending on your parents policy it might not be to bad. Just don't have you listed as the primary driver on the Camaro.

09-07-2012, 11:38 PM	#38
Mr. iNCREDIBLE Drives: 2012 2SS/RS Convertible Join Date: Aug 2012 Location: SoCal Baby... Posts: 2,530	I can tell you my 19 year old Niece just got a 2011 Malibu and is paying >$4000 a year and she has a grip of discounts from me (yeah she is on my policy as her mother doesn't drive) without those discounts it was over $7000 a year with a $1500 deductible. now it is above state minimum requirements because I have to protect myself, our coverage is $250K/$500K/$100K with $250 deductible on theft/comprehensive and $500 on collision, Rental car, uninsured motorist, etc. She is excluded from driving my Camaro, she can only drive the Malibu or my wife's Camry. compare that to the $67/month my Camaro costs for me and the $54 the Camry costs for the wife for the same coverage. I'm going to say you are looking @ $5000 + here in Socal EASY.. and you will be and assigned risk driver until you are 21 especially in a Camaro. back in 1986 when I got my Trans Am @ 17 (1978 Trans Am, so 8 years old) I was paying over $3000 a year assigned risk on that car.