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09-05-2012, 05:05 PM
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Join Date: May 2008
Location: Calgary
Posts: 519
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Car Insurance
16 year old stepdaughter got her drivers licence yesterday. My insurance company wants to charge $231/ month for her to use our 2002 mazda protege. I nearly lost my mind. Im currently paying $51/ month for the same car... wtf?
Suggestions where i can get a second opinion for insurance. Anyone experience the same? How did you handle it? Guess i can try insurance broker.
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09-05-2012, 05:16 PM
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Banned
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Join Date: Nov 2011
Location: Alberta
Posts: 10,937
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Quote:
Originally Posted by oyster_777
16 year old stepdaughter got her drivers licence yesterday. My insurance company wants to charge $231/ month for her to use our 2002 mazda protege. I nearly lost my mind. Im currently paying $51/ month for the same car... wtf?
Suggestions where i can get a second opinion for insurance. Anyone experience the same? How did you handle it? Guess i can try insurance broker.
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Holy crap, that's insane. My friends 19 year old kid bought a new mustang 9 months ago, it's pushing 600 HP. He's insured under his parents and I believe it's costing him $120 a month. Wouldn't hazard a guess as to what it would cost for him to insure it by himself - and I don't know which insurance company they are with.
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09-05-2012, 05:37 PM
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Join Date: Sep 2009
Location: Calgary
Posts: 4,962
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I just switched insurance companies. I went with a broker. For two vehicles, house, and our RV I saved over $1,000 for the year.
I can give you his name if you want. Office is down in Midnapore.
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09-05-2012, 05:41 PM
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My cousin is a broker in Calgary, PM me if you want a name.
My advice,,,,,and I've lived through it, insure your kids with their own policy. Never put them as an add on to your policy. Kids will have accidents and you will pay through the nose.
My insurance company at the time made it soooooo easy to add my duaghter. It cost me $0.00
A few accidents later and I literally had to buy her a different car and get her own policy.
NEVER EVER NEVER do this,
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09-06-2012, 07:14 AM
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Join Date: May 2008
Location: Calgary
Posts: 519
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Thanks for all the replies.
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09-06-2012, 07:31 AM
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Join Date: Feb 2010
Posts: 103
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Insurance
I am in the process of getting my 16 yr old daughter her own insurance right now. The easiest way to do it was "sell" her my old 97 Dodge 1/2 ton and get her own insurance. As mentioned before if she has an accident it will be only her premiums that would go up. I went through Canada Brokerlink and they have been outstanding in explaining ALL of my options. I have a son in his 20's who works as an insurance adjuster, he also provides me advice on what a lot of brokers don't tell you about your policy. As far as price goes I paid about $350/year for the basics on the truck but it is now costing me $105/ month for the same coverage on my daughter.
I feel your pain..... I have another turning 16 next year and another after that
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09-06-2012, 08:16 AM
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Join Date: Jul 2007
Posts: 2,152
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Quote:
Originally Posted by oyster_777
16 year old stepdaughter got her drivers licence yesterday. My insurance company wants to charge $231/ month for her to use our 2002 mazda protege. I nearly lost my mind. Im currently paying $51/ month for the same car... wtf?
Suggestions where i can get a second opinion for insurance. Anyone experience the same? How did you handle it? Guess i can try insurance broker.
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You should enroll your step daughter in a defensive driving course, drivers ed or something similar, if she hasn't taken anything yet. Check with your agent, these courses reduce the insurance premiums by quite a bit.
__________________
Moosemad
If you can't beat them, arrange to have them beaten.
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09-06-2012, 08:41 AM
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Join Date: May 2008
Location: Calgary
Posts: 519
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I looked at the defensive driving course and its pretty close to 1 years worth of insurance... have a handful of kids who will be getting their learners and drivers licence soon. Gonna be pricey.
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09-06-2012, 08:53 AM
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Join Date: Jan 2011
Location: Alberta somewhere
Posts: 2,520
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Stay away from Wawanesa. I use a broker saved me a bit of money, but now I hear we have an insurance company that works with all our company trucks and the have huge discounts to employees so I am going to give that a shot.
__________________
If your ad in the Buy & Sell is for an item that is sold, do us all a favour and mark the header SOLD - PLS REMOVE.
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09-06-2012, 09:12 AM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,072
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I found out the same thing, it was cheap to add her when she gets her license, but as I am accident free and want to stay that way, she will have her truck under her own policy. I refuse to pay huge insurance if she has an 'oopsie'.
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Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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09-08-2012, 09:37 AM
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Join Date: May 2008
Location: Calgary
Posts: 519
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Thanks everyone for the tips and referrals. After calling around for a few days we pretty much had a number of $1775/ year (+/-). So i decided to let her get her own policy with my discounts which worked out to $1550/ year.
This is just $1,000,000 liability, no collision, no comphrehensive. We told her iwhat that meant and if something happens and its her fault be prepared to deal it (of course we wouldnt leave her hanging).
So our first driver is out the door. Folks stay away from calgary SW for a few months....
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