Insurance help for a young guy

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blackdahlia6

blackdahlia6

New Member
i called progressive today because i have to get insurance in my name within 4 weeks from now. they mailed me and said to start a policy it was 450...on the phone i was told it was 450 to start a policy and that my insurance per month would be 270 a month. does this mean that i pay 450 and im covered for 2 months without any other charges or is the 450 a down payment and then i have to pay 270 monthly after that initial 450?

my second part is this...i need my car to get to school and my college class. i have 2 months left of school and my current income and savings only allows me to pay that 450 to get insurance with progressive and get that 2 months of insurance. (if thats even how it works) my current income will not give me enough money to pay my higher rates of 270 for insurance a month past that 2 month mark. if i can get insurance in my name for 2 months (with the money i have now in savings) and i graduate in less than 2 months, after the 2 month mark of being with the insurance company can i drop the full coverage on my car, sell my car and get the liability insurance thats required to even have a license without having a car?

im basically just trying to insure my car until i graduate and then sell my car, drop my full coverage (full coverage required because im financing the car), and then get liability which is required by law to have a license.

tell me this will work...:(
 
im pretty sure that 450 is for 2 months of insurance. but im just wondering if when you join an insurance company do you have to stay for an agreed amount of time at signing? like 6 months? or what?
 
most ins is 6-month or 12-month 'contracts'. you can usually end early with no penalties though.

I'd suggest calling a local agent/broker. they can get insurance from 10+ companies and find you the best deal.
 
im thinking the insurance companies might not care if i do 2 months of full coverage and then if i say "well im selling my car can i just get liability now" and pay the cheaper 150 liability that i can afford and just not have a car
 
you don't insue yourself.... you insure the car. if you sell your car, you don't need auto insurance.

but if you're driving a family members' car, you should be on their household policy.
 
dont get progressive. shopa around.

they have screwed me twice and had rediculous prices....

shop around
 
call locals agents
that 450 is for the first month only
then its 270 the next month, and the next one
and usually you dont pay the last month of your policy

geico is cheaper for me than progressive
but call your local agents and see who gives you the best price for just that 2 month period
don tell them up front how much money you have and that you want to cancel in 2 months
 
call a broker. where do you live? you should be able to find one that will do the research for you.

also, why would you need insurance just to have a license? some policies will cover you and any car you drive, it will just be a little more spendy.

if cash is tight, sell it all and get a moped/scooter. don't need insurance or a motorcycle endorsement.
 
Most states have CC limits as to weather or not you need an endorsement. Washington state is 50 or 55cc's for example. But thay is a good suggestion.
 
95b16coupe said:
call a broker. where do you live? you should be able to find one that will do the research for you.

also, why would you need insurance just to have a license? some policies will cover you and any car you drive, it will just be a little more spendy.

if cash is tight, sell it all and get a moped/scooter. don't need insurance or a motorcycle endorsement.
Click to expand...

FALSE!

You cannot drive/ride any motorized vehicle on a public road without tags and insurance.

Just because you see it all the time doesn't mean you can. At any point they can impound the scooter, or top of that if you happen to cause a crash, you will be 100% liable for covering any damage.

If you want to save money on insurance, buy a cheap car you can pay in full. By doing this you will only need liability coverage and that is much much cheaper then full coverage.

If you owe money to a bank for your car, you must have full coverage, that's where it gets pricey.
 
risky option - you can always get a personal loan to pay off the bank loan.
then you can drop full coverage, but something happens to the car you will still be responsible for the loan
 
jeffie7 said:
FALSE!

You cannot drive/ride any motorized vehicle on a public road without tags and insurance.

Just because you see it all the time doesn't mean you can. At any point they can impound the scooter, or top of that if you happen to cause a crash, you will be 100% liable for covering any damage.

If you want to save money on insurance, buy a cheap car you can pay in full. By doing this you will only need liability coverage and that is much much cheaper then full coverage.

If you owe money to a bank for your car, you must have full coverage, that's where it gets pricey.
Click to expand...

no, sorta false. florida and washington state do not require insurance.

but again, insurance on a moped or scooter should be a lot cheaper than full coverage on a car. scooters may require motorcycle endorsement, most states do not require it for mopeds.
 
B said:
you don't insue yourself.... you insure the car. if you sell your car, you don't need auto insurance.

but if you're driving a family members' car, you should be on their household policy.
Click to expand...

some states require you to have insurance regardless of whether or not you have a car. as long as you hold a license, you have to have insurance. when i lived in fl, to get my license changed to fl, they told me i had to have fl insurance first, and that while i had a fl license, i couldnt go more than 3 months without insurance or it would be suspended. apparently the insurance companies notify the state when your policy expires or isnt paid.
if you have no car, they require a non-owners policy.

95b16coupe said:
no, sorta false. florida and washington state do not require insurance.

but again, insurance on a moped or scooter should be a lot cheaper than full coverage on a car. scooters may require motorcycle endorsement, most states do not require it for mopeds.
Click to expand...

once again, depends upon the state.
in tn, if its UNDER 50cc, you dont have to have a motorcycle endorsement, but you do have to have insurance and registration.
in fl, you dont have to have insurance on any bike, but over 49cc you have to have the endorsement. and its highly recommended to have insurance, fl drivers are all old and wont think twice about hitting you.
 
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