Change to a higher deductable.

 

Yes. Increasing your deductible will help considerably. Also, tell them that you have ABS, dual airbags, and an immobilizer. I think that makes a difference between a passive alarm since you can't start the car without the factory key containing the chip. Also understate your estimated accumulated annual mileage on the car. Don't make it unreasonably low but understate it by a couple grand. I live in the NYC area and I am paying 2400 a year. I don't drive it that much and keep it in a garage with 24 hour security so that helps me sleep at night. I don't make enough to insure another car so I try and keep the mileage down and drive very carefully.

 

Best of luck insurance sucks when your young

Karim

 

USAA!!! Best insurance i've ever had and im 22

 

[QUOTE]Originally posted by PedalFaster

In my slightly older-and-wiser opinion, this talk of paying out the nose to own two cars, one of them a fairly expensive sports car, at the age of eighteen is insane.

 

I would have assumed that you'd have researched some peripheral ownership costs before this point, but I won't hold that against you.

I've learned vicariously from friends in similar situations who felt that they could afford a car, only to find the insurance to 2-3K a year, and have to pull the 12 year old family station wagon up to the campus dorms or to the job if they wanted to have a ride.

you're 18-19 and an assumed owner of a car that cost over 32 thousand. the insurance is the least of your financial concerns right now. I would listen to some of the , dare I say, wiser cats on here..... (I'm only kidding )


sell the car (if you paid with your money then what I'm about to say will make a little more sense)......take that money, put at a minimum 25% away and don't touch this amount for any reason at all. and even then sit on most of the rest.....buy a nice little something to putt putt around in......something that won't invite you to sink money into it......believe me......when you're 28 like me.......that little money that you've sat on for nearly 10 years will stun you with it's power of security.


humilty may not taste all that sweet sometimes.....but I'll be damned if it's not one of the best medicines for life.

 

You may be able to find some that are cheaper but at your age (no offense) you'll probably just have to get used to it. It's going to be expensive for a few years. Most of us have had to deal with this throughout our various vehicle ownership, clean record or not.

 

It all depends on where you live too. As I mentioned before, my insurance went down over 50% when I moved from Northeast NJ to Southern GA. I would think San Diego is a high risk area because of the population per square mile.

When I was 17, my parents bought out their 1990 Nissan 240SX off a 4 year lease for my first car. The car was just over $16k new and worth about $8-9k after 4 years. They kept the car registered in my father's name. My insurance was still over $2000 a year because I was 17 in NNJ driving a "sports car" (even though it only had 145hp).

You are a victim of your own generation because insurance companies see you as a risk, whether you are or you're not. At the same time, soccor moms talking to each other on the cell phone and putting makeup on while driving their 5,000lb Denali's pay less than you and I. Go figure.

Kris

 

Give Amica a try. They are the top rated car insurance co. by JD Powers. I haven't used them but they quoted me for ~240/mo, which is reasonable given my situation and FAR cheaper than anyone else was willing to give me. I'm 23, male, single, and lots o points on my record.

 

Bummer Fadi. If nothing else this is a good lesson for anyone considering an S2000. The purchase price is only a fraction of the cost of ownership. Everyone here has made some very good points to consider. You'd be best off to sell the S, buy something cheaper, save the remainder, and not have the stress of being over-burdened during the best years of your life.