Welp, What can you tell me about Car Insurance and Lowering my bill?
I’m 18
Male
Single
Just got my license this year, getting my Car next year(because of USAF BMT and Tech School Training)-I’ll be 19 by then
I’m getting a 2008 Jeep Wrangler Unlimited Financed, worth 28k(mods and addons)
I want to lift it,3″ and put 35″s on it (more lickely to flip over?)
So far the only thing i can think of that would lower my future bill is Getting an Alarm for the Jeep(coming in with it)
What are other things?
P.S.
I don’t want to hear..”Why a Jeep? get this car____”, if i wanted for that information i would have asked for it. Thanks.
Also, “Why a Unlimited? Thats not a real jeep.. Thats a Comment, Not an Answer and to Each his own.
Thx Everyone!
February 17, 2010 @ 6:29 am
Increase your deductible, go with the same insurance company your parents are at, have every safety device you can think of. But raising your deductible is the most reasonable thing to do.
February 17, 2010 @ 6:30 am
First, shop around. Don’t take the first offer you get. Second, how much are your deductibles? You can set them to at least $500 each to help reduce the premium.
Third, are you going to have an alarm installed on this vehicle? Many insurance companies give discounts for alarms or some other device to prevent theft.
Do you have a good driving record? Ticket free for the last 5 years is usally the question asked.
As for the Jeep, go for it! I’d love to have one but just bought a house. Have fun in it!
February 17, 2010 @ 7:11 am
With the information that you gave…it is going to be hard to lower your insurance bill. As you know, you will have to have full coverage insurance since the vehicle of choice will be financed. About the only thing you are going to get deductions on are an alarm system and some insurance companies will give a small deductions if you carry a high GPA in school.
February 17, 2010 @ 7:53 am
1. Age – Your age will greatly affect the rate of your car insurance. Teenagers and individuals who are just beginning to drive will have higher rates for no reason other than their age. There is nothing you can do about this, as you get older and become a more experienced driver your rates will go down. Although they will go down, they will not stay down. When you reach a certain age your car insurance rates will go back up because you are an elderly driver and your eyes and coordination may not be as effective anymore.
2. Auto Insurance Companies – This is a factor which you have control over. Some car insurance companies offer lower rates than others for many reasons. It is up to you to choose which one will benefit you the most both now and in the long run.
3. Gender – Whether you are male or female will also affect the rate of your car insurance. This is yet another factor which you have no control over. Females generally have lower car insurance rates because according to insurance companies men are seen as potential dangerous and careless drivers who are more likely to be involved in car accidents.
4. Type of Vehicle – As much as we would all love to be driving a shiny silver Porsche Boxter all around town, the insurance rates for these types of vehicles are unreal. If you want your auto insurance rates to be low, I would suggest driving a car with a lower price tag. The more money your car is worth, the higher your car insurance rate will be.
5. Driving Violations – This is another factor which you have control over. I know how tempting it is to race your friends the moment you get your license for the first time, but the amount of money you will pay in the long run hardly seems worth it. Any form of ticket you receive can potentially raise the rate of your car insurance. If you want to pay less for car insurance I would suggest abiding by the rules of the road.
February 17, 2010 @ 8:16 am
Unmarried male under 25 driving a brand new SUV, altered to make it more expensive to repair, and more likely to roll (all traction controls are made to work on stock suspension, ride height, etc) will have a high insurance bill, not much you can do to lower it.