mjudson

[QUOTE]Originally posted by Ulrich
[B]Increase your deductible.

mjudson

I would still like to know if anyone tells their insurance company that the car isn't theirs and it's your parents and you not the primary driver. or a similar situtation? How much it costs?

yellow2001

That would work unless you and your parnets have different addresses

mjudson

No, we have the same address cause i still live at home. Have you done this or know anyone that does this? Do you konw how i should set this up with the insurance company?

xviper

Lemme give it to you from the other angle. I used to have the vehicle my teenage daughter used to drive in my name, both registration and insurance. However, if you are the "principal" driver, the savings won't be that significant. And the down side, is that if you get into an accident or get tickets, it's your parent's premium that is affected. I think any young driver should be responsible for the consequences of their actions.
In your case, the best advice was to put your deductible as high as you or your bank can withstand. But this might backfire on you if you ever need to make a claim. For years, even as an adult, I had BIG deductibles just to keep the insurance costs manageable. But then, I could afford to cough up with the money had anything happened.

mjudson

Man, I can't wait to move from here... we have some of the highest insurance rates in florida because all the old people drive like idiots. When i move from west palm beach to orlando to go to college there is supposed to be a 1/4 drop of my insurance rate.

lostsol

My car is under my parents name but I am still covered. I also I have an alarm installed and told them that it is garaged every night. I also took defensive driving to clear a ticket and it turns out that the insurance will discount your premium a little for three years if you show them a certificate that you took defensive driving. Well it all turns out that the premium is $69 a month for full coverage.

mjudson

[QUOTE]Originally posted by xviper
[B]
Lemme give it to you from the other angle.

LBRunner

I'm not trying to be an ass here, but how young are you that you have to pay $300 a MONTH??? I'm paying $1200 a year!

xviper

[QUOTE]Originally posted by mjudson
[B]

I will be paying the insurance and payments, so if i get in the accident it will only hurt my payments. It's like I'm paying my premium in their name(only to make it cheaper).