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Cheapest option for insurance? #5285999 12/05/19 02:31 PM
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cwilliamsws6 Offline OP
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I am 18, currently a high school senior. Insured through State Farm at the moment,.

On my Honda CR-V, my insurance is $160 a month for FULL coverage.

I recently found a 1991 Trans Am with the 305 TPI on marketplace and really want to buy it as a project car because I can afford it, but for me to insure that, I'd be paying $325 a month for the BARE MINIMUM coverage...

If I ever found my dream car (a 2002 WS6) surely I'd be paying $500 a month or something equally stupid.

Anyone know of a decently cheap insurance company I could cover a ~20 year old sports car through where I wouldn't be paying so much that after 6 months of insurance I could have used that money towards a 3rd car?
This is seriously annoying... ugh


2007 Honda CR-V LX "The Linoleum Falcon" 210K miles
HK conv 5w20, STP blue bottle, PrimeGuard POF4610 filter.
"Bad decisions make good stories."
Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286003 12/05/19 02:35 PM
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Chris142 Offline
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We recently switched to Ameriprise through Costco. They absolutely smoked the competition in price.


02 Wrangler Napa high milage 10w40
87 F250 Valvoline 15w40
07 fjcruiser Car lube plus 10w30
Z400 castrol T 10w40
Can am Maveric edge 5w40
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Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286005 12/05/19 02:35 PM
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dareo Offline
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You just gotta get older. $160 sounds really cheap for your age.


2018 Regal TourX, 2016 Golf Wagon 5MT, 2016 GMC 1500 SLT 6.2
Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286006 12/05/19 02:36 PM
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sopususer Offline
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In my experience State Farm is usually one of the more expensive companies for auto insurance. If I were in your shoes, I'd shop my coverage with a couple of independent agents who represent a variety of companies. Not sure if any of these are licensed in Ohio, but I have had good luck with rates from Pennsylvania National, Erie, Farm Bureau and Kemper. Only way to know for sure is to shop your business with a couple of different agents.




Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286007 12/05/19 02:42 PM
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cwilliamsws6 Offline OP
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I'll look into all the above. Thanks y'all!


2007 Honda CR-V LX "The Linoleum Falcon" 210K miles
HK conv 5w20, STP blue bottle, PrimeGuard POF4610 filter.
"Bad decisions make good stories."
Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286008 12/05/19 02:43 PM
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BMWTurboDzl Offline
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Sounds like you're into cars. Maybe convert it into a track car and only drive it on the track where you buy coverage for the event? grin2

In all seriousness this is a conversation you should have with your parents because in some states they are ultimately liable for your stupidity until you're around 26.


“It took untold generations to get you where you are. A little gratitude might be in order. If you’re going to insist on bending the world to your way, you better have your reasons.”

435i
Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286010 12/05/19 02:43 PM
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Miller88 Offline
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For your age and full coverage on a vehicle, that isn't terrible.

When I bought the Cherokee back in 20010 I was 21 and State Farm quoted me $350 .... a MONTH for liability only. I quickly canceled and switched to a different insurance company! That was absolutely ridiculous.

I've been switching between Geico, Esurance and Progressive over the years. Though, now that I have the F350, Esurance isn't an option.


18 Forester 2.5I 6M
00 Jeep XJ
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Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286013 12/05/19 02:48 PM
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Donald Offline
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It will go down by the time you are 25 or 30. Patience.

You can get a project car and not insure it while its off the road being worked on. Off road = no plates.


2015 Ford F-250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286020 12/05/19 02:54 PM
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user52165 Offline
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Originally Posted by cwilliamsws6
I am 18, currently a high school senior. Insured through State Farm at the moment,.

On my Honda CR-V, my insurance is $160 a month for FULL coverage.

I recently found a 1991 Trans Am with the 305 TPI on marketplace and really want to buy it as a project car because I can afford it, but for me to insure that, I'd be paying $325 a month for the BARE MINIMUM coverage...

If I ever found my dream car (a 2002 WS6) surely I'd be paying $500 a month or something equally stupid.

Anyone know of a decently cheap insurance company I could cover a ~20 year old sports car through where I wouldn't be paying so much that after 6 months of insurance I could have used that money towards a 3rd car?
This is seriously annoying... ugh



Bundle with your parents. I am all for independence when possible and laud your efforts, but in this case, assuming you're living at home, it is the only way.

Forget the Trans Am for now. You have plenty of time for other cars later.

And be the best driver ever. No tickets or accidents.

Last edited by user52165; 12/05/19 02:59 PM.
Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286024 12/05/19 02:58 PM
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grampi Offline
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If you or either of your parents are a vet, you would qualify for USAA...no other company can touch their rates or service...

Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286025 12/05/19 02:58 PM
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cwilliamsws6 Offline OP
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Fair enough. With school and work I wouldn't even have time to enjoy the thing.

But my god, the newcaritis is setting in hard lol.


2007 Honda CR-V LX "The Linoleum Falcon" 210K miles
HK conv 5w20, STP blue bottle, PrimeGuard POF4610 filter.
"Bad decisions make good stories."
Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286026 12/05/19 02:58 PM
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Wolf359 Offline
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Check with insurance companies that sell insurance for classic cars. Usually there's some requirement that the car not be driven for more than 2500 miles a year so if it's a project car, keep the miles down on it and the insurance could be dirt cheap. A friend of mine has an old Firebird and insurance is under $500 a year.

Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286031 12/05/19 03:01 PM
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PimTac Offline
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Teenagers and sports cars equal 🔝 premium rates. If you find a cheaper premium check the policy. Chances are it’s more restrictive.


2017 Mazda CX5
Valvoline Advanced Synthetic 0w20
Roki OEM filter.
Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286047 12/05/19 03:17 PM
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hallstevenson Offline
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You're paying too much and you can point the finger solely at State Farm (presuming you have a clean driving record). Our son has a '12 Accord EX-L V6 with full coverage and pays about $120/month. He isn't on our policy anymore either (the loan on his car is in his name so we can't cover it) so this is his own, separate policy. We use Erie, FWIW.

Are you on your parent's policy ? It's obviously cheaper this way so keep it like that if you can. Then again, to do that, it means they must "own" the vehicles (or at least be co-owners). If you were to buy a TA, will you be driving it right away ? If not, you can get some bare minimum coverage that excludes driving it since it's a "project car".

Re: Cheapest option for insurance? [Re: cwilliamsws6] #5286051 12/05/19 03:20 PM
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Donald Offline
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Your rates will be cheaper if you choose a Yugo or Pinto as project car.


2015 Ford F-250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
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