Does this insurance quote sound right? [Archive]

qaz393

Jul 11th, 2012, 09:42 AM

gouki556

Jul 11th, 2012, 09:43 AM

That's a pretty decent quote.

COSMIC5

Jul 11th, 2012, 09:45 AM

yep.. sounds about right

coriolis

Jul 11th, 2012, 09:58 AM

25, Single, Markham, Clean record, own policy, G, Driving since 16.

$26xx /year for a 2012 Focus (for example), $23xx /year for 2008 GTI (for example), $28xx /year for 2011 EVO X GSR (bcuz racecar?), $23xx /year for 2006 Corolla (beige).

At $5k, it sounds fairly accurate to what I was getting. Once I turned 25 (and realized my life was 1/3 over), my insurance dropped more than $80 per month.

qaz393

Jul 11th, 2012, 09:59 AM

yep.. sounds about right

will it be cheaper to be in a basket in my parents policy but i remain the primary for that vehicle?

Jackson7

Jul 11th, 2012, 10:00 AM

My Godson was paying about 3500 for his 04 Acura RSX when he was 18 to 23 (from 07 to 12). He needed it for school.

I'm not sure if his parents are the principal driver though, and he's just an occasional. (Mind you, his parents both have their own cars that they're principal on)

thrifthunter

Jul 11th, 2012, 10:08 AM

Nope, it is not right. Obviously insurance companies are lying to you because they don't want your business. You should sue!

Hairball

Jul 11th, 2012, 10:12 AM

If you get married it'll probably drop the rate by 25% instantly.

I think it doesn't matter if you're married to a guy or girl either, so find someone to help you.

iEyeCaptain

Jul 11th, 2012, 10:13 AM

Maybe they see your racevan video in dashcam fred and decide "f this, not worth the business"

iEyeCaptain

Jul 11th, 2012, 10:14 AM

If you get married it'll probably drop the rate by 25% instantly.

I think it doesn't matter if you're married to a guy or girl either, so find someone to help you.

I volunteer for $50k USD and three boxes of plasti dip.

Hairball

Jul 11th, 2012, 10:21 AM

I volunteer for $50k USD and three boxes of plasti dip.

Low price is low.

M-e-X-x

Jul 11th, 2012, 10:38 AM

5k even for Markham? Yeah since you're a young driver, you'll be taking it up the wazoo for a while, but it may not be as bad if you chose different cars?

Franchise10

Jul 11th, 2012, 10:44 AM

If you get married it'll probably drop the rate by 25% instantly.

I think it doesn't matter if you're married to a guy or girl either, so find someone to help you.

What!? Is this true?

Hairball

Jul 11th, 2012, 10:51 AM

What!? Is this true?

If you're a married man, presumably you'd be less risky and won't do silly things on the road because you'd have a family to come home to.

Franchise10

Jul 11th, 2012, 11:01 AM

If you're a married man, presumably you'd be less risky and won't do silly things on the road because you'd have a family to come home to.

Will have to pass along to my friend.. Doesn't want to insure his wife (accident) so not sure if saying hes married will mean she has to be on the policy.

qaz393

Jul 11th, 2012, 11:11 AM

5k even for Markham? Yeah since you're a young driver, you'll be taking it up the wazoo for a while, but it may not be as bad if you chose different cars?

how do new drivers get insurance then??? i could be paying 5 with 5 years experience already......

COSMIC5

Jul 11th, 2012, 11:13 AM

if the vehicle is registered to mom or dad, you can put it on their policy and have yourself as the principle op, this way they'll get the multi veh discount and possibly the multi line discount for having property with the same company too

will it be cheaper to be in a basket in my parents policy but i remain the primary for that vehicle?

COSMIC5

Jul 11th, 2012, 11:15 AM

rates do change when you're married or live common law when u're under 25...makes no diff if you're over 25.
You'll have to provide details of your spouse of course.

What!? Is this true?

COSMIC5

Jul 11th, 2012, 11:16 AM

regardless, buddy has to disclose wifes info to his insurer...
if he doesn't disclose her and she drives his vehicle and something happens, they'd most likely deny any claim

Will have to pass along to my friend.. Doesn't want to insure his wife (accident) so not sure if saying hes married will mean she has to be on the policy.

COSMIC5

Jul 11th, 2012, 11:17 AM

start off as a listed occ'l op on a parents policy

how do new drivers get insurance then??? i could be paying 5 with 5 years experience already......

ichpen

Jul 11th, 2012, 11:24 AM

My policy dropped close to 25% when I moved away from Markham to downtown years ago. If you're apartment hunting, maybe something to consider if it's still the case. But I doubt you'll get much for under 4k.

Franchise10

Jul 11th, 2012, 11:25 AM

regardless, buddy has to disclose wifes info to his insurer...
if he doesn't disclose her and she drives his vehicle and something happens, they'd most likely deny any claim

Car's insured under his name. As long as the car is insured it doesn't matter who drives (will affect his record, he's aware but willing to take the risk).

qaz393

Jul 11th, 2012, 11:25 AM

if the vehicle is registered to mom or dad, you can put it on their policy and have yourself as the principle op, this way they'll get the multi veh discount and possibly the multi line discount for having property with the same company too
so my parents will have to be the owner instead of me???

dragon_drift

Jul 11th, 2012, 11:46 AM

My buddy is 23. He pays $21xx for his 2012 acura tsx. Lives in Markham and is also single.

Not sure if it's an individual policy though.

COSMIC5

Jul 11th, 2012, 12:39 PM

the insurance policy has to read the SAME as the vehicle ownership, however; some companies have a family auto discount that extend to family members who reside in the same household

so my parents will have to be the owner instead of me???

COSMIC5

Jul 11th, 2012, 12:40 PM

doesn't matter, anyone who LIVES in the same household has to be disclosed to the insurer, failure to do so could result in a cancellation for non disclosure or denial of any claim

Car's insured under his name. As long as the car is insured it doesn't matter who drives (will affect his record, he's aware but willing to take the risk).

qaz393

Jul 11th, 2012, 01:25 PM

the insurance policy has to read the SAME as the vehicle ownership, however; some companies have a family auto discount that extend to family members who reside in the same household

that shouldnt be a problem. we can transfer title once per year per vehicle tax free anyways.....

rems

Jul 11th, 2012, 01:28 PM

that shouldnt be a problem. we can transfer title once per year per vehicle tax free anyways.....

Don't you need safety and e-test certificates for the transfer?

COSMIC5

Jul 11th, 2012, 02:25 PM

i think so

FailCity

Dec 18th, 2012, 08:25 PM

yeah you definitly need to shop around, I got really lucky and found a great quote that worked for me, and i'm only 20. But yeah i was looking around for other quotes from around 3-4 other companies and I was quoted at 5000k everytime. Once was even 6k. It's such a joke, but yeah

mofesto

Dec 18th, 2012, 09:39 PM

Did you try kanetix.ca? Best rate is probably going to be PC Financial Auto.

The insurer doesn't care when you had G1, they only start counting the years since your G2.

mafiastyles

Dec 19th, 2012, 12:08 AM

Clean Record 21 Year old. Licensed since 16. Been Occasional on policy since 16. Lives in Markham. Male and Forever Alone aka single.

Wanted to get my own car and checked prices for me having a seperate policy.

5K per year for most car. Checked a 2007 honda accord and 2005 volvo s40.

is 5K doesnt sound right IMO....

Trying calling Desjardin its might be cheaper...... google is your friend

try the usually Kanetix or insurance hotline

alumni discount TD Meloche Monnex