Hey all,
well my friend is willing to give me a great deal on his 94 z28 and i was wondering how much insurance would cost a month. I have a clean driving record. Any ideas?

 

I had cammy, a V6, but abit newer at the year 2000 when I turned 18... Geico demanded almost $200 a month from me Granted I had just gotten my license, but still... Yeah it sucks for us youngers... I kept thinking in my head, if I pay insurance for 3 years I coulda almost bought a new cammy though...

 

Yeah =[. I just did two quotes. Progressive was $180 a month, and gieco wanted $220 lol. But i bet they raise the prices once you actually sign up or something. But if they are that "low" i could definitely afford this im getting myself excited now lol.

 

I just think it's funny that anyone would call it a "cammy"...lol

 

Here is what I did for my son, he is 17, to help get the cost down. I have him signed up for insurance on the oldest vehicle I have but he is able to drive any vehicle that I have. So, he is assigned to an 87 Jeep truck which only has liability insurance on it. I have the car registered in my name. The insurance premium went up by almost $700 a year when he was added to our policy. Not sure what your situation is or if your parents would be able to help out in that way or not. He also took some type of drivers safety course offered by the insurance company at no charge to get a discount and if he maintains a certain school grade average, he gets extra discounts on the premium.

 

that was cool.hope he is keeping up his end of the bargain

 

The only way you'll know is by calling your insurance company. Anything you get here is just going to be a guess. Rates differ by where you live, type of coverage you're going to get, school grades, etc.

 

Hey man i feel your dilemna, but ill give you some experience from first hand. Im currently 20 years old and ive had my 94 Z28 for over a year now, im currently paying 105 dollars a month for full coverage with nationwide. I think i started off around 160ish over a year ago now this being with a clean driving record other than an out of state speeding ticket and i wasn't even driving my Z =\. Well anyway if i was you i'd totally do it its worth every penny if you can afford it. hope this helped. -Josh

 

Hmm you should get better rates cuz I think at 15 years old u get a hefty discount on car insurance. cuz you can estimate a price you value your vehicle and the lower the value the cheaper the insurance. again this is at my insurance co. Thankfully I am still on my parents insurance for my 'maro I dont add alot on their insurance surprisingly as I am a 21 year old guy with a long law file haha.....no tickets in the z28 tho. Time to go knock on some wood.

 

the biggest cost for young drivers is spelled L I A B I L I T Y

that's the 25/50 50/100 100/300 250/500 etc number that you see

an 18 yo may be best to sign up on their own and pay the $180 per month and that is probably for low end liability

Yes, you could ride your parents' policy and try and "cheat" the system by being put on a Buick etc as the primary driver. BUT (that's a big but). If your folks work, or own a house, or have any money in savings or stock then they had best load up on liability coverage which then drives up the premium and you would probably still be paying a lot for your share.

THink about it. What is one of the first things you hear someone give as advice to a person that was struck in an auto accident???? "hey, you should sue"

Well, what do you think the other guy is being told when you hit him? if you ride your parents policy, and tyey only have 100/300, and the claimant is trying for 250k, guess who is first in line to pay the 150k difference? I'll give you a hint, it isn't you. it's the owner of the vehicle and only the owner of the vehicle can purchase insurance.

it kind of puts into perspective now when you hear someone say "you should sue"