GT Insurance Costs?

SVTStang03 · Feb 7, 2004

What's up guys, I'm new to the forum and have quick insurance question. I am 17 and I have a deal ready to go to trade my 2000 Tacoma 4x4 for a 2000 Roush GT Stage 2. All I need to know is about what the insurance will be. My insurance provider is being really lame with their quotes so far... $690/per month is the lowest I have gotten so far, this doesn't seem right.

GT4RL · Feb 7, 2004

SVTStang03 said:
$690/per month

I know you are young but...DAMN!! I am paying $599 for 6 Months through American Family. See if your P's will go on the Insurance with you, it may make it cheaper.

mike2003GT · Feb 7, 2004

I really feel your pain on this one! When I was 18 I bought my first mustang, a 1996 Cobra. At the time I was on my parent's insurance policy so I didn't have to pay the high premium. After having the car for about a year I ended up putting it in my name and the insurance as well. With only one ticket on my record, I was paying around 425 a month. You, being a 17 yr old male, are a "high risk" driver, and will pay a rediculous premium until you're 25. I would think you could get insurance for around 400-500 a month though. Did you try someone like progressive or geico? Maybe they are cheaper...? Good luck though, and just know that there are a hell of a lot of guys that are going, or have gone through the same thing!!

GTblack_00 · Feb 7, 2004

Ouch, I'm glad I only have to pay 200 from now on, I was payin about 330 with my old insurance w/shi**y coverage, now unitrin direct takes over in march for soo much less it isnt even funny, for a lot more coverage.
www.unitrindirect.com

TheDamned · Feb 7, 2004

well i'm 18 i'm under dad's record i pay 1500$/year... But If i would insure it by my name , it'll be 3500$ ...

SVTStang03 · Feb 7, 2004

Hmm. I am hoping to get it insured with decent coverage for like $300/month. I was thinking about doing this, let me know what you guys think...

My dad has 3 cars insured on his current policy so he is on the "First Teir Prefered" program with American Family. If I were to be named on say a Ford F-150 with my dad on the policy as well, and have my dad insure the Roush for the $590/6 months he was told for it in his name, would I still be cool to drive the Roush 7 days a week? It makes sense to me but I don't want to find out the hard way should anything bad happen.

FallenPhoenix · Feb 7, 2004

look at it this way... if you see your insurance agent everyday and you're driving the 'stang, he'll know. Otherwise...

SVTStang03 · Feb 7, 2004

So I should do that? It is $107 per month for my dad to insure the Roush, and $79 more a month to add me to another of his trucks. That would only be $186 a month...

FallenPhoenix · Feb 7, 2004

I'll be on my parent's insurance as a secondary driver. Just don't get in any wrecks and you shouldn't have a problem

SVTStang03 · Feb 7, 2004

It just seems too easy... To go from $690 per month to under $200 seems kinda crazy?

FallenPhoenix · Feb 7, 2004

insurance companies just like to rape anyone under 25 on the premium. I'm not a big fan of them myself

SVTStang03 · Feb 7, 2004

Yeah I hear ya on that shioott. I pay $312/month on my Tacoma 4x4 V6... It was $80/month before my name was added. Just goes to show ya how the insurance biz works.

GT'03 · Feb 7, 2004

Wow! 3,4,500 bucks a month for insurance? That's nuts. Either that or I'm in the WRONG business. Put it in your dad's name and make a priority NOT to get to know your insurance agent very well. I guess there are bonuses to being 30 years old.

SVTStang03 · Feb 7, 2004

Yeah, I will probably end up doing that. I don't want a Black Stage 2 Roush to pass me by because of insurance...

SLOW98GT · Feb 7, 2004

Do not go through Geico. They wanted like 330 a month for my 99 Eclipse and I am 22. I didn't even ask about my Stang.

SLOW98GT · Feb 7, 2004

I now have allstate. 140 a month for the Eclipse and 160 for the Stang.

Islander03GT · Feb 7, 2004

Our insurance went up $55 bucks a month switching from my 95 S10 to my 03 GT.

Thats 4 people: 4 cars, my parents and 2 teenagers, all with clear records and good student discounts. Highest coverages you can get on every car.

SVTStang03 · Feb 7, 2004

Damn. This insurance crap is insane! lol

Beau · Feb 7, 2004

with my 5.0 i paid something like 130 a month. when i got my GT it went up to about 205 a month. i am getting a good driver discount and a multi car discount but i am the primary driver. having a perfect record also helps but the bottom line is that our age group is very high risk and insurance companies just have to look at the data and see that we're more likely to crash our cars than other age groups. a great way to get rates lower is to get all your friends to stop driving like retards, and to take racing to the track, not the street. but that might just make too much sense.

StangLou · Feb 7, 2004

I have metlife. With my old 5.0 my rates were like 67 a month with a clean record when I was 21. At 18, it was around 140 a month. I was 23 when I bought my '03 and I went from 67 a month to 612 every 6 months. Totals out to a little over 100 a month. Not to shabby IMO. When I heard that I asked about what my payments would be with a Cobra. When they told me close to 2500 a year, I decided for sure on the GT.

GT Insurance Costs?

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