Insurance Costs 21 Year Old - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

TommyTheCat · 03-14-2016, 01:06 AM

If you're that young, get your parents/family to add you to their plan and just pay them back. You will save a a huge amount of money, especially if you list it as the car you use for work, or just the car as if you are not the primary driver but are still covered. AllState did that for me, and when I was 19 I was only paying 125 a month for the new 2013 Camaro, although it was not an SS.

GetYouOne · 03-14-2016, 02:55 AM

Def have ur parents add u to their insurance. U will save hundreds

JakeW1990 · 03-14-2016, 09:08 AM

25 years old, 24 when I signed on the car. I pay $110/mo for full coverage labeled as daily driven. 2 tickets, 1 being 5+ years ago and 1 when I actually got my car about 11 months ago- go figure, right? :-D. My car is also garaged and under lock/key. Single.

My rate is lower than that of non-sport vehicles. Lol. I have outstanding credit for my age though. it helps if you understand how insurance agencies work. They are commissioned and NEED your sale. Use this against them. Whatever you're quoted, if you actually go in and visit a firm, can be reduced drastically. I went from ~300/mo online quote to 110/mo in person.

AnUnarmedMan · 03-14-2016, 01:26 PM

Those sound absurd. I pay like 195 a month for 4 vehicles and all four have full coverage. I think you should talk to a 3rd party insurance agent, someone who reps you and finds the best deal. I have a restaurant and i called multiple insurance companies to get quotes and they were crazy expensive. I looked into a local insuarnce broker and they got me a sweet deal. That just my advice.

GetYouOne · 03-14-2016, 02:08 PM

Yeah, I have 4 cars and my home insurance I'm at $260 a month with State Farm. All my cars have 100/500 deductible too.

Quote:

Originally Posted by AnUnarmedMan

Those sound absurd. I pay like 195 a month for 4 vehicles and all four have full coverage. I think you should talk to a 3rd party insurance agent, someone who reps you and finds the best deal. I have a restaurant and i called multiple insurance companies to get quotes and they were crazy expensive. I looked into a local insuarnce broker and they got me a sweet deal. That just my advice.

Colton5 · 04-18-2016, 05:21 PM

I am 21 with a 2015 V6 Camaro and pay $160/month for full coverage.

rebelyell22 · 04-18-2016, 09:01 PM

20yr old. 2011 SS. $120ish a month under my name

JTC/C5 · 04-19-2016, 12:45 PM

he lives in NJ, very expensive state..

JTC/C5 · 04-19-2016, 12:46 PM

check your PM's

Quote:

Originally Posted by mmeagher94

I'm currently in the market for a 2010 Camaro 2SS, I have two that I just need to go and test drive. Not having a loan for the car, paying all cash.

So I'm searching for insurance quotes.

I'm a 21 year old male with 2 accidents when I was 17 (one is a little over 3 years old and the second one is 2 years old and 10 months) One is a accident involving totaling the car and the second one is a minor fender bender.
I also live in a large city in Central NJ.

I'm attempting to insure the car and the quotes I'm getting for full coverage start at about $350 and go upwards of $700 a month.

These rates seem incredibly high, I was expecting realistically a rate between $250(low) - $450 (high)

Wanted to know what others have gotten for quotes around my age group.

Larrygeorge · 12-28-2017, 04:52 PM

The price that you quoted is to be expected. However, different things have to be taken into consideration such as marital status, driving record, etc. https://quoteraters.com/cheap-car-in...cksonville-fl/

I just checked, GEICO and Amica often give cheap quotes in Jacksonville which is my city. One thing that you can do is try the local insurance agents in your city. However, be careful because sometimes a cheap company might mean a bad claims experience.

c0r3yr0s3 · 12-28-2017, 06:02 PM

Quote:

Originally Posted by Larrygeorge

However, be careful because sometimes a cheap company might mean a bad claims experience.

I'm finding this out the hard way

The camaro show · 12-28-2017, 06:08 PM

I’m 18 now with 1 accident but it was a no fault long story and I got my 2015 camaro 2lt brand new and mine is $350 a month

StreetRage320 · 12-28-2017, 06:32 PM

I am sure I will take some heat from insurance agents, but car insurance is a scam. I am 40 years old, had full coverage insurance since I was 16, had one acccident (my daughter did) and my insurance went up?!? I calculated how much I paid extra for full coverage over that same 24 years and was not happy, add compounding interest, considering moderate inflation and I was pissed.

So now I am self insured, yes I pay the liability required by law, but not a penny more. I am better of betting on my driving ability, investing and letting my cash work for me in stocks, and if something happens, I have funds to handle it.

We should all know that insurance companies are are not non-profit organizations. There are some bad drivers, in bad goegraphical areas, who would benefit from full coverage, but not me.

So OP, save your money, pay cash for your car, invest your monthly premium in stocks, and pay liablity only (prob $50/month?)..

SummitWhite11 · 12-28-2017, 08:03 PM

I remember back when I was in college in Alabama during the late 90's and early 2000's - I paid $252 a month for a 1989 IROC Z Convertible. My credit was OK during that time period, however the insurance was more that my car payment! Fast forward to today - it all depends on where you live, your credit history, your driving record along with the type of car you want to insure. Fact be known - if you are living in an area with a high accident rate, you bet your insurance premium will go up because of other irresponsible drivers. It's not fair but it is what it is. Such as what one other member posted - Insurance companies are nothing but a scam. Why punish the good driver? It's all BS if you ask me.

03-14-2016, 09:08 AM	#17
JakeW1990 Drives: 2010 Camaro RS/2SS Join Date: Sep 2015 Location: Huntsville, AL Posts: 312	25 years old, 24 when I signed on the car. I pay $110/mo for full coverage labeled as daily driven. 2 tickets, 1 being 5+ years ago and 1 when I actually got my car about 11 months ago- go figure, right? :-D. My car is also garaged and under lock/key. Single. My rate is lower than that of non-sport vehicles. Lol. I have outstanding credit for my age though. it helps if you understand how insurance agencies work. They are commissioned and NEED your sale. Use this against them. Whatever you're quoted, if you actually go in and visit a firm, can be reduced drastically. I went from ~300/mo online quote to 110/mo in person. __________________ 2010 Camaro 2SS/RS M6 12.08 @ 115 - 9/2015 (392hp/393tq) NA w/ Exhaust + Tune 11/2015 (464hp/439tq) ^ + BTR Stage 4 w/ Halltech CAI Engine: BTR Stage 4 Cam; BTR Dual Spring Kit; C7R Chain; LS2 Tensioner; High Volume Oil Pump Drivetrain: ACT T2S-G05 x2 Disc XT Street Kit Exhaust: Kook's 1 7/8" Headers w/ Off-road pipes;Kook's 3" cat-back; QTP 3" cut-outs Suspension: BMR 1.4" Front & 1.5" Rear Springs; Blackdog Solid Mounts w/ Poly Bushings

03-14-2016, 01:26 PM	#18
AnUnarmedMan Drives: 2013 LS Join Date: May 2013 Location: Nashville Posts: 680	Those sound absurd. I pay like 195 a month for 4 vehicles and all four have full coverage. I think you should talk to a 3rd party insurance agent, someone who reps you and finds the best deal. I have a restaurant and i called multiple insurance companies to get quotes and they were crazy expensive. I looked into a local insuarnce broker and they got me a sweet deal. That just my advice. __________________

04-18-2016, 09:01 PM	#21
rebelyell22 Drives: 2011 SIM 2SS/RS LS3 Join Date: Sep 2013 Location: Tupelo, MS Posts: 5,902	20yr old. 2011 SS. $120ish a month under my name __________________ 2011 2SS/RS built 8/24/10

04-19-2016, 12:45 PM	#22
JTC/C5 Drives: 2010 2SS L99 Join Date: Apr 2010 Location: nj Posts: 395	he lives in NJ, very expensive state.. __________________ To Be Continued

12-28-2017, 04:52 PM	#24
Larrygeorge Drives: Red Join Date: Dec 2017 Location: Florida Posts: 1	The price that you quoted is to be expected. However, different things have to be taken into consideration such as marital status, driving record, etc. https://quoteraters.com/cheap-car-in...cksonville-fl/ I just checked, GEICO and Amica often give cheap quotes in Jacksonville which is my city. One thing that you can do is try the local insurance agents in your city. However, be careful because sometimes a cheap company might mean a bad claims experience. Last edited by Larrygeorge; 12-26-2018 at 11:08 PM.

03-14-2016, 01:06 AM	#15
TommyTheCat SHKE BKE Drives: 2013 Camaro Join Date: May 2014 Location: SoCal Posts: 3,108	If you're that young, get your parents/family to add you to their plan and just pay them back. You will save a a huge amount of money, especially if you list it as the car you use for work, or just the car as if you are not the primary driver but are still covered. AllState did that for me, and when I was 19 I was only paying 125 a month for the new 2013 Camaro, although it was not an SS.

03-14-2016, 02:55 AM	#16
GetYouOne Drives: 2012 2SS/RS Join Date: Oct 2014 Location: U.S.A. Posts: 1,596	Def have ur parents add u to their insurance. U will save hundreds

04-18-2016, 05:21 PM	#20
Colton5 Drives: 2015 Manual V6 1LT RS AGM Camaro Join Date: Aug 2015 Location: Kansas Posts: 74	I am 21 with a 2015 V6 Camaro and pay $160/month for full coverage.

12-28-2017, 06:08 PM	#26
The camaro show Drives: 2015 camaro 2lt Join Date: Dec 2016 Location: Northern West Virginia Posts: 925	I’m 18 now with 1 accident but it was a no fault long story and I got my 2015 camaro 2lt brand new and mine is $350 a month __________________ Cosmetic mods: SS hood with painted vent, SS bumper, acs 1le front lip black, big worm gfx tinted all lights, solar wing v2, Camaro seat belt pads and oracle color shift halos and fog light halos and rear colorshift bow tie, carbon creations carbon fiber stingray z spoiler Wheels: lexani r-3 bg finish 19x8.5 Performance: cold air inductions intake, mrt v1, jacfab ported intake manifold, intake manifold spacer, overkill tuned on E85.

12-28-2017, 06:32 PM	#27
StreetRage320 Those who need me got me Drives: 2022 ZL1 A10 Join Date: Aug 2017 Location: Southwest, MN Posts: 624	I am sure I will take some heat from insurance agents, but car insurance is a scam. I am 40 years old, had full coverage insurance since I was 16, had one acccident (my daughter did) and my insurance went up?!? I calculated how much I paid extra for full coverage over that same 24 years and was not happy, add compounding interest, considering moderate inflation and I was pissed. So now I am self insured, yes I pay the liability required by law, but not a penny more. I am better of betting on my driving ability, investing and letting my cash work for me in stocks, and if something happens, I have funds to handle it. We should all know that insurance companies are are not non-profit organizations. There are some bad drivers, in bad goegraphical areas, who would benefit from full coverage, but not me. So OP, save your money, pay cash for your car, invest your monthly premium in stocks, and pay liablity only (prob $50/month?)..

12-28-2017, 08:03 PM	#28
SummitWhite11 Drives: 2010 2LT/RS Join Date: Mar 2015 Location: Palm Coast, FL Posts: 1,162	I remember back when I was in college in Alabama during the late 90's and early 2000's - I paid $252 a month for a 1989 IROC Z Convertible. My credit was OK during that time period, however the insurance was more that my car payment! Fast forward to today - it all depends on where you live, your credit history, your driving record along with the type of car you want to insure. Fact be known - if you are living in an area with a high accident rate, you bet your insurance premium will go up because of other irresponsible drivers. It's not fair but it is what it is. Such as what one other member posted - Insurance companies are nothing but a scam. Why punish the good driver? It's all BS if you ask me. __________________ 2010 2LT/RS ZL1 Appearance package, Flow Master American Thunder Cat Back Exhaust w/ QUAD TIPS, K&N Typhoon CAI, Ported VMAX TB, OEM GM Brembo Brakes Package w/ Hawks Carbon Ceramic Pads, Night Owl Halo Kit (WIFI), FRONT/REAR Carbon Fiber Wrapped Bowties, Rear Oracle Blue LED Bowtie, Oracle Ghosted Painted Side LED Markers, Silver Side Faded Gills, OEM Satin Camaro Fuel Door, OEM Strut Tower Brace, Detroit Speed Engineering 1.5" Lowering Springs, Koni Orange STR.T Struts, Z28 rear LCA's, Black Magic rear 32" sway bar, 1LE front sway bar w/ DSE end links. Evil Energy Catch Can.