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Old 08-16-2004, 09:06 PM   #1
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insurance..

by the time i could afford a mustang that i want i'll be a senior in highschool most likely....could you guys give me an estimate on what insurance would run i'd be 17-18....and the car would be 94-95 mustang gt....just a ballpark figure what a years coverage would cost....oh yea im smart too some insurance companies take some money off for that...i guess assuming im not gonna drive fast?!
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Old 08-16-2004, 09:09 PM   #2
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liablity or full coverage?
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Old 08-16-2004, 09:11 PM   #3
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with 0 points, all applicable discounts and full coverage under your own policy, expect about 1500/year full coverage with a 1000 deductible..

my insurance company wouldn't accept a 'good student' discount without seeing my 'behind the wheel' paperwork, which I gave to the insurance agent a long while back.. haven't seen it since..
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Old 08-16-2004, 09:11 PM   #4
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just liability
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Old 08-16-2004, 09:14 PM   #5
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probably around 1g well thats here in tx
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Old 08-16-2004, 10:38 PM   #6
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I work for State Farm, when i get to work tomorrow, I'll work something up. atleast a ballpark figure.
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Old 08-17-2004, 09:28 AM   #7
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thx hoover appreciate it
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Old 08-17-2004, 09:30 AM   #8
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you can do online estimates and call various insurance companies as well
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Old 08-17-2004, 11:47 AM   #9
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Ok here is the deal. Let me first explain coverage limits real quick for those who don’t know. When someone wants basic liability which in most states is 20/40/15 it is not offering much coverage. 20/40/15 means 20,000 dollars for bodily injury per accident for the driver of the car you hit. 40,000 total for bodily injury for all people in the car you hit, and 15,000 for property damage. So as you can see it doesn’t offer much coverage. If you hit that jaguar and that driver is critically hurt your insurance would only cover 20,000 for their injuries and other reimbursement like pain and suffering, so if they have a medical bill of 15,000 its covered but then they try to come after you for compensatory damages in the sum of 50,000 for pain and suffering, $45,000 is coming out of your pocket. So normally I recommend going with at least higher liability limits if that is all you want on your car.

One other thing is at State Farm Insurance and most other insurance companies rate people in a tier or bracket system based on your driving record and some credit history. Due to this you could have a clean driving record but have a bad credit history so you would be in a lower (more expensive) bracket or tier then another guy. Another stipulation is of course age and type of car. The quotes I worked up start in our more expensive bracket and work there way up.

1. this is in the lowest bracket with one ticket on record with coverage’s of 20/40/15 and medical coverage for you of 1,000 dollars :6 month premium $626.72 or monthly at $104.45
2. now this is with the same coverage’s but with no ticket on record: 6 month premium is $484.12 and monthly at $80.69
3. ok now if you were to stay in the same bracket with no ticket on record but increase your limits to 50/100/50 and 5,000 for medical your 6 month premium would be: $598.52 and monthly is 99.75

These prices above are in the lowest bracket quoted with an alarm on the car, which gives a 15% discount, and this is for a 17-18 year old.

Now if your rating came back good you could be put in our mutual bracket which is the highest bracket and least expensive. The next quotes are in that bracket.

1. with coverage’s of 20/40/15 and 1,000 for medical the 6 month premium is: $262.88 and monthly of 43.81
2. now in the same bracket but with higher coverage of 50/100/50 and 5,000 for medical the 6 month premium would be: $325.52 and monthly of $54.25
3. same bracket again with even higher coverage, which is what I usually recommend of 100/300/100 with 5,000 for medical the 6 month premium would be: $368.54 and monthly of $61.42

Remember these quotes are just estimates and can vary from state to state, likewise the minimal state limits may vary as well. I quoted all these with just a discount for an alarm; likewise they may be more or less due to driving history and credit worthiness. State Farm Insurance cannot be held liable for these quotes as they are just an estimate due to lack of specific information such as: social security number, drivers license, and other specific and personal information not provided by any one entity. For more specific quotes or accurate rates feel free to send me a private message and I would be happy to answer any questions.

Thanks,

Josh
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Old 08-17-2004, 04:47 PM   #10
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I would definitely recommend keeping a pretty good amount of health coverage on there for passengers.. I was in an accident and one of my good friends was driving. Let's just say I ended up suing his insurance company because they wouldn't pay up and it was not very fun in the end. I finally got all my bills paid off and all is good now, just don't want anyone else going through this crap after 2 months in the hospital and 6 months of physical therapy.
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