Car Insurance

[pinkfloyd]

So Im thinking of buying my first car, and because im under 25 the insurance is just going to blow me away. Im currently insured on my moms car with no offences.. does anyone know if I can add my new car to my moms insurance with the hopes of it being lower since she is a safe driver. And how much lower do you think it would be on average? On the other hand if it means that her rate will go up as well as mine if I were to get into an accident then it might not be a good idea. Anyway Im new to this so any info is helpful thanks.

 

[james t kirk]

We've all been there.

I'd trade cheap insurance rates with you to be under 25 again. (You have to look at the bright side.) Besides, you'll be 30 before you know it.

Become an Engineer, Doctor, Accountant, teacher, etc. They all have group plans with one insurer or another and the rates are good.

 

[Moraff]

Best idea would be to have your mom call her insurance agent and say that she is thinking of getting a second car (pick whatever type of car you are thinking of getting) and what will that do to her rates.

Then you can call other insurance companies and get quotes for going it on your own with the same car.

But if your mom lets you go under her policy, just remember that stupidity on your part will reflect on her.

 

[El_Cid]

Some university/college alumni programs have "deals" worked out with specific insurance companies to provide a small discount to its members. So if you're a graduate of any post secondary institution check out their alumni publication to see if they've got anything.

 

[max_2002]

First ! Take a "drive safe course" or
"Defensive Driving Course"
...use the certificate for insurance discount.
Be a man, take your own insurance policy!
Avoid buying a sporty car, Honda Civic 2 doors are in high rate collisions = expensive insurance.
Goggle to find out what cars are cheap to insure.
Good luck!
Max

 

[buckwheat1]

Well how old are you? any accidents? any tickets? How far do you drive to work? and in Toronto insurance rates change according you your local postal code, so some areas are higher in Toronto then others. Insurance broker makes 12.5 percent profit off your paying rate. Do one thing SHOP around for best rate.

 

[Rockslinger]

One bit of advice, especailly in these hard economic times. MAKE SURE YOUR INSURANCE COMPANY IS SOLVENT! Years ago my auto insurance company (Northumberland, or something like that, went belly up). Left me without insurance and I also lost my premiums.