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Cars > Forums > General Automotive > Young Driver Auto Insurance Colorado

 

Forum: General Automotive

  • Topic: Young Driver Auto Insurance Colorado
  • Started by vk415 Mar 4, 2009 at 12:11 pm
  • Last post by thejudge Mar 4, 2009 at 2:40 pm
  • This topic has been viewed 388 times and has 1 reply
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Topic: Young Driver Auto Insurance Colorado

Forums > General Automotive > Young Driver Auto Insurance Colorado

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  1. #1 Mar 4, 2009 at 12:11 pm

    vk415’s Profile Photo
    vk415
    Total posts: 1
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    I am a college student and as part of my college contingency my dad got me a car. I have noticed a lot of accidents happen to young drivers like myself so I really want to know how much young driver auto insurance packages cost in Colorado, just to see if I could afford one. I mean, shouldn’t it be cheaper because I’m younger? Like a student discount.

    Kyle

    Denver, CO

    Your question is pretty broad so the answer we will be looking at is in the general perspective as well, there are some standards you have to consider before you look at young driver auto insurance packages in Colorado or lack there of.. The first thing you have to look at is how the insurance premium is calculated first before considering if you can afford one or not. If you have noticed, the cost of automobile repairs and medical fees have increased. Since these are the means an insurance policy uses to protect you, its rates are greatly determined by it.

    Your insurance plan will be computed using a base rate or a standard premium that is either added on or deducted from by certain factors such as age, sex, marital status, claims history, etc. So in this case your desire for a young driver auto insurance package which should be cheaper than standard would greatly be determined by age. For your package to be cheaper you must be in an age where you are not too old or too young to be accident prone.

    It is not necessarily true though that an insurance company can raise rates just as soon as medical or repair rates go up, the government has a commission that regulates the rates making sure that the insurance company stay within reasonable ranges
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    So what if times are tough, I cut my auto insurance premiums in half, and you can too....
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    tom
    ------------------------
    Auto insurance in Colorado-Auto insurance in Colorado.
     

     

  2. #2 Mar 4, 2009 at 2:40 pm

    thejudge’s Profile Photo
    thejudge
    Total posts: 433
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    when my son was 14 we bought a 1972 Chevell SS for a hoby together
    he planed on fixing it up and driving it all the way through college this was in 2000
    we invested when it was complete @$8,000.00 when he got his drivers license we listed him as principle driver on it the insurance cost was about $300.00 a month less than on a new car so we listed him as principle driver on it but he was still covered on all my vehicles this savings more than paid for the car
    P.S.
    He still owns the car and has been offered $35,000.00 for it but turned it down
    I would recommend this to any one I know. My agent knew what I was doing and said it was perfectly legal.
    you can read more about it and see the car at "hotroder" garage her on Motortopia
    the judge
     

     

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Cars > Forums > General Automotive > Young Driver Auto Insurance Colorado

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