Parents will not let me buy my own car or insurance?
So here's some details. I'm 19 and I have had a drivers license for several years. I took a year off after high school to work. Im going to university in seven months. I work full time right now, I'll have about $15000 saved up. My parents refuse to let me buy my own car with my own money and insure it under my own policy. Its like they refuse to believe I can be responsible. I am not expecting them to pay my tuition or any expenses on a vehicle that may incur. I explained this to them and they still have strong objections.. I have no idea what to do from here.
Do I need to buy car insurance before I buy the car?!?
Depending on the state, you may be required to have insurance before you can legally drive the car. If you are financing the vehicle, you will have to have insurance before you drive the car off the lot. The way to handle this is simple. Once you have decided on the car that you want, you call your insurance agent and arrange for coverage. You either leave them a deposit, or a credit card number. Once you have picked out the exact car, and have made the deal, you call the agent, give them the VIN and they will issue you an insurance binder that covers you. They can also fax proof of insurance coverage to the dealer. You do not want to take possession of the vehicle prior to getting it covered. If you drive off the lot and are in a collision, you will have no coverage at all.
My insurance company will not let me buy my car back and it is a category c write off,why?
the valuers and assesors who were reckomended by my insurance said i could buy my car back but my insurance said that the engineers of their company were concerned that the chassie was a little bent and would not let me have it back, they then agreed to give it back if i cancell my insurance and they keep all the money i payed for the whole year and only pay me £2000 my car is worth £5500 and i only bought it 3 weeks ago the valuers said my insurance has to pay it,and my insurance said they are not going to.if they want let me have it why dont they write it of as a catagory a or b, i think my insurance are trying to keep my car for themselves to restore it themselves and put it back on the road,because the valuers said that's what my insurance is trying to do. can i buy my car back?
How much do you think car insurance will cost me?
There is no ONE insurance company that is right for everyone - everyone is rated individually - and all companies have different "likes and dis-likes", different credit tiers, different business models, and many other factors that can vary your rate - and a QUOTE is ONLY a quote until the policy is issued. Since you are under the age of 18, you would be best served by being insured on your parent(s)' insurance policy as you are too young to sign a contract - and an insurance policy IS a contract. Typically, insurance rates will vary from State to State and can even vary by ZIPCODE! It also will depend on the type of car/truck, coverages, limits of liability, and driving record. Some companies run credit scores and MOST run a motor vehicle report and CLUE (Comprehensive Loss Underwriting Exchange) report to see about undisclosed accident involvement. The best thing to do is call a LOCAL independent agent or broker. Don't go across town, or to some other city - look for someone CLOSE. Just look in the phone book for the PIA or Big I (Trusted Choice) logos and you will find a professional licensed agent that will be able to help you solve your insurance problems, and give you rate comparisons of several different companies. An independent insurance agent will normally have a dozen different companies and if he cannot help you, he should be networked with other local agents that can. In my agency, we have companies that do NOT run a credit score and welcome drivers with "less than perfect" driving records and specialize in youthful operators! Most of the replies on this site say "go to this on-line carrier or that on-line carrier or that 1-800 number" but I'm sure that when you do, you will find some impersonal computer user with a script to work from and you won't be able to talk with the same person every time you have a problem! Good luck, drive RESPONSIBLY and I hope this helps!
If I'm buying my first car and my first auto insurance at the same time, which do I buy first?
Which should you do first Auto Insurance or By the Car?Shop for InsuranceBuy your CarShop For Insurance:Shopping for insurance can be a trying experience. The best way to shop for auto insurance is to employ the services of an Independent insurance agent who can:Quote Multiple Cars - provide the agency with a couple of the cars that you are looking at buying. They will be able to offer you with differences in premiums for those vehicles.Quote Multiple Companies - an Independent Agent can also quote those cars with multiple companies to find a company that fits your personal profile and the vehicles in which you are interested.Determine your Coverage Limits - work with the agent to determine the appropriate coverage that fits your budget.When this is complete, your agent should provide you with a: Prequalified insurance program.You'll know the insurance cost associated with the cars you are interested in.The agent will be ready to quickly meet the needs your dealer will have for titling and registering your vehicle.Shop for Your Car:Shopping for your insurance and car can be done somewhat simultaneously, but purchasing for your car AFTER you have the insurance in place prevents unpleasant surprises that can ruin an otherwise pleasant car purchase.Good Question! Best Regards.
Can I have a car in my name under my parents insurance?
The answer to the question is dependent on the State in which you live and your parents Auto Insurance company's guidelines.Purchasing and insuring a vehicle involves three basic steps:Title - Document showing the owner's name of the vehicle.Proof of Insurance - Normally in the name of the owner, but in some situations does not need to be exactly the same.Registration - Shows to whom the cars is registered for the purpose of obtaining license plates.There can be numerous scenarios with regard to what is acceptable - or - not acceptable with the: Insurance Company - Companies have underwriting guidelines that are tied to how an insurance policy is written, insurable interest in the vehicle and what they consider generally acceptable. In this scenario, it is your parents policy that is in question and at risk. Their best interest and standing with the insurance company should be a major consideration.DMV - The State Department of Motor Vehicles will have specific rules governed by statutes regarding how a vehicle can be Titled, Insured and Registered. It would be best for you and your parents, to contact your local auto insurance agent and/or your state's DMV[1][2]to determine the best configuration of the three documents above, prior to purchasing a vehicle.Best Regards.Footnotes[1] State DMV List, vehicle registration list, driver license list, dmv locations, forms, and publications[2] DMV.org: The DMV Made Simple
How much will my car insurance go down when I turn 21?
There is no guarantee your rate goes down at 21. It us likely but will vary by company. If it does a go down do not depend on a large amount, but this will vary based on your coverage. Also, I am not aware of a company that sees it is your birthday and lowers your rate nor do they typically plan ahead, since renewals are produced 30-60 days in advance. If you want your rates to go down at 21 try a few of theseTake your own insurance policy out at least a year but preferably two ahead of that birthday Be on your own not your parents Do what you can to establish and build credit Get an associates or bachelor degree
Can I buy a car using my mom's car insurance information?
Do you live with your mother? If you live with her, you are automatically an insured under her policy by virtue of the fact that you are related to her and are a member of her household. (See the definition of “insured” or “who is insured” under your mom’s policy). You would, however, have to either title the car in her name or in both your names so that the title of the vehicle tracks with the insureds named on the insurance policy or included as an insured by definition. As Mr. Gillespie indicated, there has to be an insurable interest of some kind in the vehicle in order to be able to insure it. Being named on the title would establish insurable interest.If you’re not living with your mom, then you would either have to title the car in your name and obtain your own insurance OR title the car in your mom’s name and advise the insurance company that you are the principal driver assuming that you will be driving it most or all of the time. Children of all ages drive cars owned by their parents all the time and become insured for Liability under the policy just by virtue of the fact that they are using the vehicle. This is not to be confused with an insured who has an insurable interest in or owns the vehicleHope this helps!