Thoughts on car insurance
#1
Country Member
Thread Starter
Joined: May 2003
Location: Moved from Georgetown to Round Rock, Texas. 15 miles closer to civilization.
Posts: 936
Thoughts on car insurance
It now looks like our permanent move to Texas will not be until 2006.
So far, I have a house in Texas that is rented out. I passed my Texas driving test in May 2004 so I have one year on it already.
Bearing in mind the high cost of auto insurance for "new" drivers (I've had a clean licence in the UK now for 30 years), would the following help me financially in the long run or would it be a waste of time and money.
The plan is this. When I'm in Texas in July, I buy an absolute beater of a car for maybe $100 or so. Insure the car third party and park it up behind my mate's house for a year.
Then when I go looking for a proper car and insurance in a years time, I have two years on my licence and one year of insurance history.
Good idea? or waste of time?
Alex.
So far, I have a house in Texas that is rented out. I passed my Texas driving test in May 2004 so I have one year on it already.
Bearing in mind the high cost of auto insurance for "new" drivers (I've had a clean licence in the UK now for 30 years), would the following help me financially in the long run or would it be a waste of time and money.
The plan is this. When I'm in Texas in July, I buy an absolute beater of a car for maybe $100 or so. Insure the car third party and park it up behind my mate's house for a year.
Then when I go looking for a proper car and insurance in a years time, I have two years on my licence and one year of insurance history.
Good idea? or waste of time?
Alex.
#2
Re: Thoughts on car insurance
Originally Posted by g1ant
It now looks like our permanent move to Texas will not be until 2006.
So far, I have a house in Texas that is rented out. I passed my Texas driving test in May 2004 so I have one year on it already.
Bearing in mind the high cost of auto insurance for "new" drivers (I've had a clean licence in the UK now for 30 years), would the following help me financially in the long run or would it be a waste of time and money.
The plan is this. When I'm in Texas in July, I buy an absolute beater of a car for maybe $100 or so. Insure the car third party and park it up behind my mate's house for a year.
Then when I go looking for a proper car and insurance in a years time, I have two years on my licence and one year of insurance history.
Good idea? or waste of time?
Alex.
So far, I have a house in Texas that is rented out. I passed my Texas driving test in May 2004 so I have one year on it already.
Bearing in mind the high cost of auto insurance for "new" drivers (I've had a clean licence in the UK now for 30 years), would the following help me financially in the long run or would it be a waste of time and money.
The plan is this. When I'm in Texas in July, I buy an absolute beater of a car for maybe $100 or so. Insure the car third party and park it up behind my mate's house for a year.
Then when I go looking for a proper car and insurance in a years time, I have two years on my licence and one year of insurance history.
Good idea? or waste of time?
Alex.
Once we had our licenses that dropped to around $1000 per year. Once we combined our home and car insurance that dropped again to around $730, which is what we pay now. We found that both the AAA insurance and our current company (Safeco) accepted a faxed no-claims statement from our past insurer in the UK.
So, assuming you're at about the second stage above (Texas license) I can see no advantage at all in paying for a year of insurance on a car you won't drive.
If you've found an insurance company that insists on a year or more of insurance history then shop around. In particular, talk to the company that's insuring your home. They're most likely to be prepared to give you a good deal. Don't start out by telling them that you've not had insurance in the US before. When they ask, tell them that you have a clean driving record in the UK and can provide documents to prove it. If that isn't sufficient, immediately ask discuss this with a supervisor - all to often the grunts in these companies will switch right off if you mention a non-standard situation like this.
Good luck!
#3
Re: Thoughts on car insurance
Originally Posted by g1ant
absolute beater of a car for maybe $100 or so. Insure the car third party and park it up behind my mate's house for a year.
#4
Re: Thoughts on car insurance
Originally Posted by Ray
Your still thinking the UK system ..forget it .. no such thing as third party here..
#5
Re: Thoughts on car insurance
Originally Posted by AdobePinon
Yeah, but you could insure for just fire and theft. It would be cheap, but whether it would have any real advantage, I don't know. Probably just pissing money away. Manc would know.
#6
Re: Thoughts on car insurance
Originally Posted by AdobePinon
Yeah, but you could insure for just fire and theft. It would be cheap, but whether it would have any real advantage, I don't know. Probably just pissing money away. Manc would know.
I don't think that's sufficient to maintain continuous insurance on it's own. (It wouldn't be here anyhoo)
throw 20/40/10 liability limits on it and park it up.
Last edited by Manc; May 9th 2005 at 3:22 pm.
#7
Re: Thoughts on car insurance
I got liability (CA minimum) on my beat up old chrysler .. cost around $63/month ... after 6months I bought a Ford Expedition fully expecting to pay $3000/year insurance... contacted a few companies and ended up going with Infinity costing $1430 for the year, liability for both cars + comp for the ford.... I've been told this will only go down too.. guess they must like insuring the gas hoggers here :-P
#8
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: Thoughts on car insurance
Originally Posted by Ray
Your still thinking the UK system ..forget it .. no such thing as third party here..
#9
Re: Thoughts on car insurance
Originally Posted by BritGuyTN
liability is third party over here
#10
Re: Thoughts on car insurance
Here are my thoughts on car insurance
****%%####!!!!!*****&^(**&^^%$$##@@@!!@!!!!!!@@##$ $$
****%%####!!!!!*****&^(**&^^%$$##@@@!!@!!!!!!@@##$ $$
#11
Return of bouncing girl!
Joined: Sep 2004
Location: The Fourth Reich
Posts: 4,931
Re: Thoughts on car insurance
Originally Posted by Patrick
Here are my thoughts on car insurance
****%%####!!!!!*****&^(**&^^%$$##@@@!!@!!!!!!@@##$ $$
****%%####!!!!!*****&^(**&^^%$$##@@@!!@!!!!!!@@##$ $$
#12
BE Forum Addict
Joined: Oct 2004
Location: The Big Apple
Posts: 1,834
Re: Thoughts on car insurance
we used allstate here in Texas and for some reason they took into account our UK insurance and wanted proof of no claims - took our premium from over 1k to 400 bux for 6 months - might be worth talking to them