pointers on insurance?

702Neon · Post by **702Neon** » Fri Jun 29, 2007 7:38 pm

like i've been tryin' to get an SRT-4 and the only thing that's holding me back is the insurance, one of them just quoted me 900 a month and the other ones quote me 350 and 400 a month, it's crazy. and i know i can afford it (the car) and i just came upon this 2004 silver srt-4 with 27000 miles on it. it's sucks to know that you can go to the dealer and have it in your hands in 3 hours but then get slammed by the insurance. any pointers????
i'm only a dub years old.
________
BONDAGE TUBE

03blackrt · Post by **03blackrt** » Fri Jun 29, 2007 10:22 pm

KY... apply liberally.

MyNeonSaysHi · Post by **MyNeonSaysHi** » Fri Jun 29, 2007 11:34 pm

A "dub" years old. hahahahahahahaha...........

Location also brings your insurance up higher, bet you didn't know that. Since you live in Las Vegas...yeah....

J-Villa · Post by **J-Villa** » Fri Jun 29, 2007 11:53 pm

stick with a slower inexpensive car haha

kc2005ptgt · Post by **kc2005ptgt** » Sat Jun 30, 2007 2:18 pm

buy an srt4 engine and tranny, drop it into the neon, and then you have srt powa with neon insurance.

I checked on an SRT4 a while back, and got quoted for the exact same price for insurance

silentneon01 · Post by **silentneon01** » Sat Jun 30, 2007 2:57 pm

get married and have 4 kids. Your insurance will go down. However you wont beable to afford the neon any more. You'll be sportin a town and counrty with automatic sliding rear doors.

Delta · Post by **Delta** » Sat Jun 30, 2007 3:51 pm

Shit, a NON turbo Neon for me is $250/mo, so 350 ain't bad with the added power

Having a second car helps though.

MyNeonSaysHi · Post by **MyNeonSaysHi** » Sat Jun 30, 2007 3:52 pm

Heres some cool info:

I know everyone has wondered why insurance costs so much money.
There are a few things that determine how high your rates are, and there are a few things you can do to makes your rates go down (or up if you are not careful).

1. Improve your credit. The better your credit, the better your rates. People with good credit can save more than 50 percent over people with bad credit. Besides paying your bills on time, there are other ways to improve your credit rating. PM me for more information on that.

2. Raise your deductibles. A higher deductible saves a lot on your premium. You can set aside funds to help cover the difference. If you don’t need it to pay for repairs, you have extra funds at your disposal. There are other ways to save money based on coverage.

3. Eliminate comprehensive and collision. Comprehensive and collision can account for more than half the price of auto insurance. If you can set aside funds to replace your car in case of an at-fault accident, you can save quite a bit on your insurance. If your car is totaled in an accident where the other party is at fault, your car will be repaired or replaced at no cost to you.

4. Get other policies. You can receive significant discounts on your auto insurance by having a renters or homeowners policy. You also can save money on your auto (or homeowners/renters) policies with a life insurance policy. Plus, life insurance is least expensive when you’re young.

5. Clean up your driving record. Each ticket and/or accident increases your insurance premiums. If possible, pay extra to keep tickets off your record.

6. Get older. There are price breaks at age 20, 22, 25 and 30.

7. Keep continuous liability coverage. A one-month lapse in continuous liability can set you back to basic rates, without any of the discounts that should be yours with continuous coverage.

8. Fast cars cost more to insure. The car you have is what you need to insure. But keep in mind the effects on your insurance rates when you consider buying a car. E-mail David or Jessica when you’re thinking about a car to see what the rates might be.

9. Move to a safer neighborhood. While you may be locked in to your current residence, better insurance rates are another reason to consider a safer neighborhood.

JRM · Post by **JRM** » Sat Jun 30, 2007 3:56 pm

$40/ month for insurance for meeeee

MyNeonSaysHi · Post by **MyNeonSaysHi** » Sat Jun 30, 2007 4:01 pm

JRM wrote:$40/ month for insurance for meeeee

I hate you.

Wenuden · Post by **Wenuden** » Sat Jun 30, 2007 4:21 pm

MyNeonSaysHi wrote:Heres some cool info:

I know everyone has wondered why insurance costs so much money.
There are a few things that determine how high your rates are, and there are a few things you can do to makes your rates go down (or up if you are not careful).

1. Improve your credit. The better your credit, the better your rates. People with good credit can save more than 50 percent over people with bad credit. Besides paying your bills on time, there are other ways to improve your credit rating. PM me for more information on that.

2. Raise your deductibles. A higher deductible saves a lot on your premium. You can set aside funds to help cover the difference. If you don’t need it to pay for repairs, you have extra funds at your disposal. There are other ways to save money based on coverage.

3. Eliminate comprehensive and collision. Comprehensive and collision can account for more than half the price of auto insurance. If you can set aside funds to replace your car in case of an at-fault accident, you can save quite a bit on your insurance. If your car is totaled in an accident where the other party is at fault, your car will be repaired or replaced at no cost to you.

4. Get other policies. You can receive significant discounts on your auto insurance by having a renters or homeowners policy. You also can save money on your auto (or homeowners/renters) policies with a life insurance policy. Plus, life insurance is least expensive when you’re young.

5. Clean up your driving record. Each ticket and/or accident increases your insurance premiums. If possible, pay extra to keep tickets off your record.

6. Get older. There are price breaks at age 20, 22, 25 and 30.

7. Keep continuous liability coverage. A one-month lapse in continuous liability can set you back to basic rates, without any of the discounts that should be yours with continuous coverage.

8. Fast cars cost more to insure. The car you have is what you need to insure. But keep in mind the effects on your insurance rates when you consider buying a car. E-mail David or Jessica when you’re thinking about a car to see what the rates might be.

9. Move to a safer neighborhood. While you may be locked in to your current residence, better insurance rates are another reason to consider a safer neighborhood.

All that's nice and all, but most of them involve trying to save more money without touching it than paying the extra on the premium per month. Pretty much the only way to save on insurance for a young person who doesn't have the ability to keep a few thousand in the bank is to get older and not get tickets.

I'm with KC tho, when i bought my neon, i checked on a price for an srt4, they quoted me the same rediculous $221 a month that i'm paying on my neon. the agent said they don't look at the car, they look at the cost of replacement parts. since the majority of parts are interchangeable between srt4's and other 2000+ neons, it's the same. Mine's so expensive because of a 17,XXX total loss on a 1 month old prelude and about 9 speeding tickets from my teens to early 20's. >.< Plan ahead, don't speed, and you'll be in good shape.

rice_eater · Post by **rice_eater** » Sat Jun 30, 2007 7:16 pm

my insurance is identical between the SRT and SX... when they ask me what car it is, i say SRT4 dodge... they give a confused look, i follow up with dodge neon srt4, and they go ohhhh, neon... a bunch of local guys have NEON, or NEON SRT4 on their insurance/registration and i havent heard of anyone having issues with cops or anything...

SteelBlue · Post by **SteelBlue** » Sat Jun 30, 2007 7:43 pm

JRM wrote:$40/ month for insurance for meeeee

Nice! And I thought mine was low at $50! Full coverage right?

Midnight_Rider · Post by **Midnight_Rider** » Sun Jul 01, 2007 5:31 am

MyNeonSaysHi wrote:...6. Get older. There are price breaks at age 20, 22, 25 and 30.

Man, I knew that these grey hairs and the arthritis would come in handy for something!

OB · Post by OB » Sun Jul 01, 2007 5:44 am

my insurance is 350 right now with a reg neon (dont ask). Insurance is the one thing that makes me happy I dont drive an srt4. Hell I wouldnt be going to school if I had those kinds of bills (prob 5-600 bucks easy). Swap FTW

rice_eater · Post by **rice_eater** » Sun Jul 01, 2007 12:04 pm

are you guys actually SURE your insurance will go up or are you just ASSUMING?? i'm sure insurance rules are probably even more anal than here in canadia, but that kinda sucks

03blackrt · Post by **03blackrt** » Sun Jul 01, 2007 3:10 pm

Going from an SXT to an R/T my insurance rate increased (not much, but it did a little). Insurance companies put high prerformance cars in a higher risk bracket. An SRT would almost double my insurance. It's higher performance (with a relativly bad record), and SRT parts ARE way more expensive then standard Neon parts.

As far as the "Eliminate comprehensive and collision" to reduce rates, most banks require comprehensive in order to get a loan (in my experiance).

rice_eater · Post by **rice_eater** » Sun Jul 01, 2007 3:19 pm

lol, i was never asked what trim neon i have

go canadia!

J-Villa · Post by **J-Villa** » Sun Jul 01, 2007 4:14 pm

i pay like 110 a month full coverage on everything with a small deductable

rOniN · Post by **rOniN** » Sun Jul 01, 2007 9:31 pm

I pay $160 a month for both of my cars. Two cars drops payments, good credit, student discount, no accidents, no tickets...

yankeesking · Post by **yankeesking** » Sun Jul 01, 2007 9:49 pm

J-Villa wrote:i pay like 110 a month full coverage on everything with a small deductable