8,500 Miles, Almost Four Months, One Accident, & Two Insurance Companies Later

"Under_Score" (tomtheatum) 09/19/2020 at 21:59 • Filed to: None

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My first car payment was taken out of my bank account.

I didn’t do a 0 down loan (thanks Mom for the down payment help at purchase time !), but I’ll be paying for the big blue child for the next three years. I need to take advantage of that 0%, especially since I have a “thin” file.

I’m past 8,600 now, which symbolizes how much I drive. The payment along with the $427.83 monthly insurance is gonna hurt a little, but I spend most of my non-day-job time in the car. I use it all the time. It’s dirty and covered in bugs, so I’m glad tomorrow is Mister Car Wash day.

Dr. Zoidberg - RIP Oppo > Under_Score 09/19/2020 at 22:14

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“T hanks Mom for the unexpected $15,000 down payment at purchase time!”

My mom bought me a Funko for my birthday once.

Under_Score > Dr. Zoidberg - RIP Oppo 09/19/2020 at 22:18

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Well, it was money I was supposed to get, but it went to the car instead.

Tripper > Under_Score 09/19/2020 at 22:25

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Damn that insurance payment is rough. Glad you’re still enjoying it

Tripper > Dr. Zoidberg - RIP Oppo 09/19/2020 at 22:25

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What’s a funko?

Under_Score > Tripper 09/19/2020 at 22:26

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https://www.funko.com/

Under_Score > Tripper 09/19/2020 at 22:28

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When my at-fault from December 2017 gets dropped this December (for carriers that look back three years), I should get a massive break. Allstate (the carrier who dropped me after I got rear ended) is willing to bring me back in December, and I only paid $250 with them.

Tripper > Under_Score 09/19/2020 at 22:29

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Oh lol my kid has a couple of those, Harry Potter ones I think. 

Dead_Elvis, Inc. > Under_Score 09/19/2020 at 22:30

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$427.83 monthly insurance

Jesus fuck, am I glad not to be in a high-risk insurance category.

Dr. Zoidberg - RIP Oppo > Tripper 09/19/2020 at 22:31

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She got me the Smokey the Bear one. It lives in the pickup.

Textured Soy Protein > Under_Score 09/19/2020 at 22:31

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Holy hell, my wife and I are each in the $600-700 range for 6 months and we feel like *that* is too high compared to what we used to pay in Madison, WI before we moved to the DC burbs.

Tripper > Under_Score 09/19/2020 at 22:32

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Is that just because of your age, or is your state particularly expensive? I’m like floored by what a lot of oppos are paying. Even $250 seems nuts. Even when I was young, it was never more than 8-900 every six months. Now I pay $7xx every six for 3 cars and two of those are “declared value” policies. Which are typically slightly more expensive.

Tripper > Dr. Zoidberg - RIP Oppo 09/19/2020 at 22:34

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That is awesome! Think they got woodsy owl!?

Under_Score > Dead_Elvis, Inc. 09/19/2020 at 22:35

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That’s why I’m fine sharing the amount down to the cent. It makes so many people go “wtf” that it’s funny to share.

If I had Liberty Mutual, I’d be paying $819 a month! My safe driver app won’t reimburse until the end of the six months, I believe. If I had that discount factored in monthly, I’d be in the 3’s.

Under_Score > Tripper 09/19/2020 at 22:35

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Georgia, 21, four accidents.

Under_Score > Textured Soy Protein 09/19/2020 at 22:36

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Even with the new Si? (nice car!)

Textured Soy Protein > Under_Score 09/19/2020 at 22:39

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The Si is $6/month cheaper to insure than my 335xi was. And thanks!

Tripper > Under_Score 09/19/2020 at 22:41

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I had one real bad one when I was 16. The a couple of fender benders that I didn’t report. My worst time I think was a wrx sti @ 19 years old. That was 900 every six months and that was for dirt coverage. I had to roll back the coverage to make it work. When the sti and Evo were all the rage, pretty sure that insurance companies got a bulliten like anyone under the age of 30 WILL wreck them.

Had mine six months hit a deer. Best friend had his 3 weeks and hit a tree...

Dead_Elvis, Inc. > Under_Score 09/19/2020 at 22:44

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With 4 accidents by age 21, I’m surprised you’re eligible for a safe driver app of any sort!

Of course, I got into a major accident as a 16 y.o. driver with a newly issued license all of 11 days old - totaled an ‘80 Toyota Corolla Tercel (yes, that was a single car back then; RWD & 3 pedals ) & put myself into the hospital with a skull fracture.

Under_Score > Textured Soy Protein 09/19/2020 at 22:55

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That’s good! My scenario is still bad, but it was just made worse by getting rear ended in June. I r an estimated quotes for my 2012 RAV4 in April, and I was still getting $500+ around the map.

Under_Score > Dead_Elvis, Inc. 09/19/2020 at 22:57

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But I haven’t had an at fault since December 2017. Got rear ended a couple times since. It sucks to have the payment blame placed on me, but outside of car essentials, I’m living super frugal right now. It’s allowed me to save a lot.

Also, the safe app allows me to get insurance cheaper, so that’s why I have it downloaded. 

Under_Score > Tripper 09/19/2020 at 23:01

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Ouch. When I hear a lot of my peers (even ones who had to pay for school) say that they don’t pay for their own car insurance, I feel like I’m taking on a big responsibility I normally don’t realize.

I’m full coverage, but trust me, late June/early July was stressful. Physically sick, my car just got repaired, and I had to find car insurance under $500/month. All of those apps and sites that say you can get cheap insurance? Yep, $600+ per month  for the few carriers recommended to me. 

smobgirl > Under_Score 09/19/2020 at 23:15

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Oooh, you got the creepy beepy? 

Dr. Zoidberg - RIP Oppo > Tripper 09/20/2020 at 00:31

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Slant6 > Tripper 09/20/2020 at 00:32

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I can be used as a control here: 23, Georgia, car is the same but like 7 years older (big reason for the difference in price), no accidents (also big difference).

I pay $90 a month for full coverage and better than minimum liability. 

His Stigness > Tripper 09/20/2020 at 00:39

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A lot of states can get away with “young driver” surcharges. I think now the rule is three years licensed and then the rates drop to normal. It used to be you’d pay outrageous rates until you were 25. I don’t remember as I’m now almost 30. But I got lucky and got licensed and insured under the new rule. But that first three years saw my rates well over double what they should have been. I remember paying around $2500 a year to insure myself and Mercedes. I kept lower deductibles, like $500, but not high liability.

Now I pay $3000 a year for five cars, two being  new, one is still my merc, two drivers, and 300/100/100 limits, plus only $250 for collision and $50 for comprehensive.

Young drivers get fucked everywhere and it’s totally legal.

Slant6 > Under_Score 09/20/2020 at 00:54

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Yikes. I pay about $90 a month with Progresive. Of course my car is 7 years older than your car (although I still have collision insurance on it), I have 0 accidents, and I’m slightly older at 23 (I think 25 is a milestone for cheaper rates) . Still seems like an extreme difference, but I suppose it makes sense in the lens of calculating risk.  

Tripper > Dr. Zoidberg - RIP Oppo 09/20/2020 at 04:13

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Yes!

Under_Score > smobgirl 09/20/2020 at 09:15

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It doesn’t beep! Very not intrusive. Only dings if I go over 80 & brake hard.