How much do you under 25 yrs old guys pay for insurance?

Thread Tools
 
Search this Thread
 
  #1  
Old 09-23-2012, 10:29 PM
MastaGunZ's Avatar
In the Staging Lanes
Thread Starter
Join Date: May 2012
Location: Tx
Posts: 48
Default How much do you under 25 yrs old guys pay for insurance?

I can't figure out how to get a new camaro, the price and payments is fine, I make enough to pay the car off, but full coverage insurance alone for a v6 2010 camaro is about $400 a month... then the car itself is $450 in payments each month. clean driving record as well. Do I just have to wait till I'm 25 or save and pay full in cash?

paying $900 a month just to drive a new camaro seems like a ripoff.
 
  #2  
Old 09-23-2012, 10:33 PM
BasicConcepts's Avatar
Overdrive Member
Technical User
Join Date: Oct 2009
Location: Greenville, South Carolina
Posts: 4,597
Default

check other companies. i had full coverage on my bike (2000 yamaha r6) and it was only 145$ a month through geico, im 24 btw.
 
  #3  
Old 09-23-2012, 10:46 PM
MKCoconuts's Avatar
4th Gear Member
Join Date: Oct 2011
Location: PA
Posts: 2,553
Default

19, and I think I pay only a little $60 for liability and that's with (now) 2 careless driving tickets and like 12 parking tickets....

I've checked full coverage for my car and it's ~$200 a month if I did that, but I can't afford it and I do my own work when it comes to cars, so I'm okay.
 
  #4  
Old 09-23-2012, 10:49 PM
BasicConcepts's Avatar
Overdrive Member
Technical User
Join Date: Oct 2009
Location: Greenville, South Carolina
Posts: 4,597
Default

Originally Posted by MKCoconuts
19, and I think I pay only a little $60 for liability and that's with (now) 2 careless driving tickets and like 12 parking tickets....

I've checked full coverage for my car and it's ~$200 a month if I did that, but I can't afford it and I do my own work when it comes to cars, so I'm okay.
thats gotta be on your parents insurance tho. when i was 19 i had a pos 91 dodge dakota and paid 199.75$ for liability on my own insurance.
 
  #5  
Old 09-23-2012, 11:23 PM
Camaro 69's Avatar
Senior Moderator
January 2010 ROTM Winner
Join Date: Oct 2007
Location: The 'Burbs of Chicago
Posts: 18,306
Default

If you have a car that you're financing, you have to have full coverage, liability won't work. Your lending institution is going to make sure you do have full coverage, and will keep requesting periodic follow-ups from your insurance co. to make sure. BC, goin out on a limb here, but I'm willing to bet your 2000 Yamaha wasn't valued at $20+k.
 
  #6  
Old 09-23-2012, 11:59 PM
BasicConcepts's Avatar
Overdrive Member
Technical User
Join Date: Oct 2009
Location: Greenville, South Carolina
Posts: 4,597
Default

no defiantly not valued at 20k but bike insurance is really high, because of the danger not to mention a wrecked bike is 99% of the time totaled.
 
  #7  
Old 09-24-2012, 12:27 AM
Camambro's Avatar
April 2012 ROTM
ROTM Winner's Club
Join Date: Jun 2011
Location: Hamilton NJ
Posts: 625
Default

Idk I pay around 1200 a year for both my cars
 
  #8  
Old 09-24-2012, 03:54 AM
MastaGunZ's Avatar
In the Staging Lanes
Thread Starter
Join Date: May 2012
Location: Tx
Posts: 48
Default

Originally Posted by MKCoconuts
19, and I think I pay only a little $60 for liability and that's with (now) 2 careless driving tickets and like 12 parking tickets....

I've checked full coverage for my car and it's ~$200 a month if I did that, but I can't afford it and I do my own work when it comes to cars, so I'm okay.
What company is that?

Guys I'm talking about FULL coverage on a 5th gen Camaro!

I currently pay about 100 for 98 camaro for liability.

I just wanted to see what us youngsters have to pay for a new camaro, not everything else lol.
 
  #9  
Old 09-24-2012, 05:53 AM
Camambro's Avatar
April 2012 ROTM
ROTM Winner's Club
Join Date: Jun 2011
Location: Hamilton NJ
Posts: 625
Default

It's going to be expensive no matter what unless you save an pay the whole year off at once.
 
  #10  
Old 09-24-2012, 09:10 AM
MKCoconuts's Avatar
4th Gear Member
Join Date: Oct 2011
Location: PA
Posts: 2,553
Default

Originally Posted by BasicConcepts
thats gotta be on your parents insurance tho. when i was 19 i had a pos 91 dodge dakota and paid 199.75$ for liability on my own insurance.
Yes and no. It's hard to explain, but think of it being like a co-sign for a loan. But I also have a 15% discount for taking a "Behind the Wheel" course.


Originally Posted by MastaGunZ
What company is that? Guys I'm talking about FULL coverage on a 5th gen Camaro!
I'll have to look at my insurance card again to remember the full name, but I think it may only be a local insurer, so that's probably why I got it so cheap. Curious as to why you want a 5th gen?
 


Quick Reply: How much do you under 25 yrs old guys pay for insurance?



All times are GMT -5. The time now is 08:43 PM.