Brickman
05-20-08, 02:39 PM
So... when my step daughter got her first car, I got her a $2,000 clunker, paid $100 a month just for liability insurance. A good training wheels car.
When she saved up enough for a new car, I threw in an extra $1,000 for the down payment if she had her dad and her on the registration for the car, and... insurance. Life was good, because he put her as primary driver on his old clunker, and himself on her car, cheap.
2004 Wham... she runs into the back of a car (no damage to them) in her high school (senior) parking lot. You know how fast those high school parking lots can be when parents pick up their kids. :rolleyes: Dad turns in the insurance, $5,500 damage tells them she crashed it. Then a few months later, he goes and buys a new car. Cha Ching... Insurance through the roof.
2007 April: She runs into the back of a car, after the light switched green, I suspect she looked at cell phone texting... I insisted no insurance, just fix out of pocket, $2,000 using a friends shop, would have been much much higher.
2008 February: She follows car through intersection turning left, not looking for arrows or oncoming traffic. Dad turns it into insurance, $5,000 damage, insurance went up slightly, but would have gone down because she had turned 21.
2008 May: Been there done that... I was out of town, wham again, who knows, whatever, dad turns into insurance, it's gonna go up again, and stepdaughter won't argue against dear old dad about turning it in to insurance.
This is where teenagers and young adults get behind the 8 ball, repeated insurance claims lead to higher insurance or they end up canceling them. Then when their new car gets "old" and costs to keep the wheels on don't add up, and they want a new car, wham again, because a new car can cost far more than.
Score Card:
Car payment on 2004 Toyota Corolla. $156.
Insurance, multi car discount AAA Autoclub: Increased from $80 per month. Now $133...to be continued.
When she saved up enough for a new car, I threw in an extra $1,000 for the down payment if she had her dad and her on the registration for the car, and... insurance. Life was good, because he put her as primary driver on his old clunker, and himself on her car, cheap.
2004 Wham... she runs into the back of a car (no damage to them) in her high school (senior) parking lot. You know how fast those high school parking lots can be when parents pick up their kids. :rolleyes: Dad turns in the insurance, $5,500 damage tells them she crashed it. Then a few months later, he goes and buys a new car. Cha Ching... Insurance through the roof.
2007 April: She runs into the back of a car, after the light switched green, I suspect she looked at cell phone texting... I insisted no insurance, just fix out of pocket, $2,000 using a friends shop, would have been much much higher.
2008 February: She follows car through intersection turning left, not looking for arrows or oncoming traffic. Dad turns it into insurance, $5,000 damage, insurance went up slightly, but would have gone down because she had turned 21.
2008 May: Been there done that... I was out of town, wham again, who knows, whatever, dad turns into insurance, it's gonna go up again, and stepdaughter won't argue against dear old dad about turning it in to insurance.
This is where teenagers and young adults get behind the 8 ball, repeated insurance claims lead to higher insurance or they end up canceling them. Then when their new car gets "old" and costs to keep the wheels on don't add up, and they want a new car, wham again, because a new car can cost far more than.
Score Card:
Car payment on 2004 Toyota Corolla. $156.
Insurance, multi car discount AAA Autoclub: Increased from $80 per month. Now $133...to be continued.