Quote:
Originally Posted by Atx328
My 17 yr old was supposed to go off to college this fall but now it looks like she will be attending school while living at home. I have geico for a 2011 n 2013 328i's and a POS 1999 explorer. The six month cost for the wife n I is around $550 but it's over $1500 when the kids gets added on.
Does anyone have experience with an insurance company that doesn't hit you so hard for kids? She will turn 18 this summer.
With the price of e90s dropping, I would like to pick one up for her to drive but the insurance will cost more than the payment!
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I hope she's driving the Bimmer, not the POS.
To respond to your question, it costs more to insure teenage girls for two reasons: texting and makeup.
Here in Southern California the insurance for my then 16-year old daughter to drive a new X1, and occasionally to drive my other cars (then a 445 hp 650i GC and a 445 hp 650i convertible) was $5K per year. The rates slowly dropped. She's 20 now and the rates are still more than mine but coming down.
(I used to have USAA insurance but found it completely uncompetitive when my daughter turned 16. For two years I had Mercury Insurance with her. Now I have CIG.)