We have 2 young drivers and 2 adult drivers in our house. Our cars are 2 trucks 2002,2003, 2004 jeep grand Cherokee, 2012 ford edge. = $7,000 A Year ? Does that sound right? I know it is higher for 2 16 year olds but that sounds really high. Any help or ideas would be greatly appreciated. We do not have alot of extras on our policy. We do have full coverage. If one of the trucks were totaled or involved in a wreck we would have to pay for the repairs or another vehicle ourselves so I feel it is worth it to have collision also. Thanks
Sounds a little high, but you have 4 vehicles and 4 drivers, 2 of which are brand new drivers. Any tickets or accidents on the adults? I pay about $1900 a year for an 09 Corvette and a 99 Suburban. Full coverage on the Corvette and liability and theft on the Suburban. I am the only driver, but I did have an accident almost 3 years ago (my only accident in my life), I'm 32 years old as well. When 3 years passes on my accident this December, I was told my premium should go down a bit.
When we added our older son only liability on a 1972 Cougar convertible to the policy with my wife and I with full coverage on each of our cars, the cost doubled. This was many years ago but the sticker shock from that was memorable.
Our kiddo is not quite on our policy yet, but we were told it would only be approximately another $100 per month for him. We currently have 4 vehicles (a full size 4X4 pick up, a 2012 Caravan, an 07 Dodge Caliber and an 01 Blazer for the kiddo to drive) plus our camper and it's still less than $200 mo with State Farm for full coverage on all of them. I'm looking at approx. $300/mo when he gets his license, but we will be dropping down to 3 cars at that time. What may be nailing you is that if you have 4 drivers and 4 cars, everyone has to be listed on one of them as a primary driver. At least that was my understanding when I called about the rates.
Called around got same coverage for around $3,000 less a year! Can you say they were trying to rip us off! From $7,000 a year down to $4100 after calling around. That just shocks me that companies are allowed to do that. thanks for all the help.
You should shop your insurance every 2-3 years at most. I shop mine at every other renewal. Also, keep in mind your credit score affects your rate. Unfair BS, but that's the way it is
Some new thing passed this year where they price the insurance by your zip code rather than by set areas or soemthing. Story I read some people's would go down but some could go up by a lot. Here's the AAA article I read: http://insurance.articles.carolinas.aaa.com/article/north-carolina-auto-rate-changes Of course they don't really say much because they want you to call and they can try to talk you into buying from them.
