cheapest Insurance companys for new drivers
03-14-2007, 02:02 PM
#46
Junior GTcars Poster
Join Date: Jan 2007
Location: Hamilton, Ontario
Posts: 281
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I couldn't have said it better myself Bookm!!
Im about to turn 20 and to insure my 86 Toyota Supra it costs $400+ per month. Therefore I have to work a lot to be able to afford to drive it, and it means I also have to decide where my money goes... insure it, pay down the student loan I took out to buy it, or do mods to it?
Hence why I only have it on the road for the best 5 months of the year, but I also appreciate and enjoy driving it even more this way.
I knew when I bought it what my insurance would be, and it just made me work harder and more often at various jobs to afford it.
Im about to turn 20 and to insure my 86 Toyota Supra it costs $400+ per month. Therefore I have to work a lot to be able to afford to drive it, and it means I also have to decide where my money goes... insure it, pay down the student loan I took out to buy it, or do mods to it?
Hence why I only have it on the road for the best 5 months of the year, but I also appreciate and enjoy driving it even more this way.
I knew when I bought it what my insurance would be, and it just made me work harder and more often at various jobs to afford it.
03-14-2007, 02:43 PM
#47
~~ Hardcore Newb ~~
Join Date: Jan 2007
Location: Woodbridge
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Originally Posted by Bookm
When I was a teen, my desire to work hard and earn big bucks was driven by my unquestionable need to have my own wheels. A healthy focus on car ownership makes for a great work ethic! What ever the costs, pay it. It just leaves less cash for stupid stuff like meth.
The expense of car ownership CAN create a strong work ethic. I worked every night after school, and most weekends (at two partime jobs) so I could independantly own the toys I had when I was 16. Just don't even think about dope, smokes, and fancy restaurant food, and a good hardworking kid can easily join that elite group of teenage car-owners. It's a healthy, constructive endeaver and is far more appealing to girls than laying around playing video games all day. It shows that you've got your sh*t together, and know which way to turn a wrench.
Book
The expense of car ownership CAN create a strong work ethic. I worked every night after school, and most weekends (at two partime jobs) so I could independantly own the toys I had when I was 16. Just don't even think about dope, smokes, and fancy restaurant food, and a good hardworking kid can easily join that elite group of teenage car-owners. It's a healthy, constructive endeaver and is far more appealing to girls than laying around playing video games all day. It shows that you've got your sh*t together, and know which way to turn a wrench.
Book
03-15-2007, 11:10 PM
#50
~~ Hardcore Newb ~~
Join Date: Mar 2007
Location: toronto
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straight up and serious the best is cibc, fresh up driver a few years back even since i had a bank accoiunt wit them never had to dish out the double payment straight up front. beware u miss a payment u could loose ur account and nevr happend yet but still anythins possible. i had a small error and was joansin on the phone wit the broker for an hour had a small missed payment for nsf or some costed me a 35 charge straight up. i told the broker they had no right just takin money from my accoutn without my permisson. but she said they can. but stright up cibc is good.
03-15-2007, 11:51 PM
#51
GTcars - Post God !
iTrader: (1)
Join Date: Mar 2005
Location: Toronto East
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Originally Posted by RudeAvenger
straight up and serious the best is cibc, fresh up driver a few years back even since i had a bank accoiunt wit them never had to dish out the double payment straight up front. beware u miss a payment u could loose ur account and nevr happend yet but still anythins possible. i had a small error and was joansin on the phone wit the broker for an hour had a small missed payment for nsf or some costed me a 35 charge straight up. i told the broker they had no right just takin money from my accoutn without my permisson. but she said they can. but stright up cibc is good.
P.S. now i sound retarded like you
03-16-2007, 12:22 AM
#52
~~ Hardcore Newb ~~
Join Date: Sep 2006
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just change your adress on your license to a family members or somewhere other than ur house that way the insurance company thinks you do not live at home. and get your dad to be insured and drive under his name. if you get into an accident and are accountablle you are fully covered but it will be a claim on your dads insurance. also you do not build up a record which in the long run will hurt you.
03-17-2007, 10:13 AM
#55
Beaner, The One And Only
Join Date: Feb 2005
Location: Bramladesh
Posts: 179
Rep Power: 706
Originally Posted by MrStokic
just change your adress on your license to a family members or somewhere other than ur house that way the insurance company thinks you do not live at home. and get your dad to be insured and drive under his name. if you get into an accident and are accountablle you are fully covered but it will be a claim on your dads insurance. also you do not build up a record which in the long run will hurt you.
smart as you
03-17-2007, 04:40 PM
#58
Junior GTcars Poster
Join Date: Jun 2005
Posts: 393
Rep Power: 698
Originally Posted by MrStokic
just change your adress on your license to a family members or somewhere other than ur house that way the insurance company thinks you do not live at home. and get your dad to be insured and drive under his name. if you get into an accident and are accountablle you are fully covered but it will be a claim on your dads insurance. also you do not build up a record which in the long run will hurt you.
The biggest single business sector employer of private investigators in the province is the insurance sector. If you have an accident, and they smell something the least bit off about it, those investigators will be set loose to look into your claim.
If they find you have committed insurance fraud by misprtesenting your risk on your initial application, they can at that instant refuse to pay anything out, and they can cancel you on the spot for misrepresentation.
Once you have been cancelled for misrepresentation, your name goes on an industry black-list for all other insuerers to see, and it will stay there for at least six years. Good luck getting insurance even at atrocious rates during that time.
If you have involved someone else in on your scheme, say your dad, he too goes on the blacklist.
03-17-2007, 04:47 PM
#59
~~ Hardcore Newb ~~
Join Date: Mar 2007
Location: toronto
Posts: 124
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theres little to no chance yo. thats worst case drive proper and dont make claims most brothers here dont have collision only liable guy. u aint gettin badged, thousands of ppl misrepresentin i know a few bunksters that do. stright up personally dont need to but some ppl jus cant handle the payment. theres 100 excues you could use to the agent.
