...still waiting for CONSTRUCTIVE advice. The guy knows he f'd up and is looking for solutions, not a lecture.

You and that other guy might find it "comical" that some are quick to solicit legal advice, but the reality is, we live in a world bound by rules and laws. For those that aren't fully aware of their rights, there's nothing wrong with seeking counsel. By him not knowing what his rights are and not taking action, which appears to be what you're suggesting, he's allowing his insurance company to act irresponsibly and harmfully. Put yourself in his shoes. What if you agreed to buy a car for a certain amount and made a NON REFUNDABLE down payment deposit, only to be notified afterwards that the dealer made a mistake in the calculation and your payments would be $150 more a month. I'm willing to bet you'd seek legal counsel to find out what your rights are.

I gave him an option to explore, as did other posters. It's up to him to decide what to do.

 

damn that sucks for insurance, mine is only around 600 a year on this car

 

Yes school is very important and look at the future not just what you have now. When I was 17 I wanted to buy a new Camaro SS and yes I could have "afforded" it but it would have been extremely tight since I only had a part time job in school. So I decided to buy a 94 Z28 instead to keep me occupied. Once I was done with school what did I do? I bought a 01 Camaro SS AND the car I always wanted, a DeLorean. So by keeping my wants away from my needs I was able to come out on top. When you are 17 or 18, unless your parents bought you the car, you are about to inherate some money or a business, you most likely are stretching your budget with a car like the S2000. Remember at the lease end you just do not hand over the car. You will most likely need to buy new tires and maybe brakes(depending on how you drove it) because they will charge you for them. So if you keep the car start saving for that expense.

 

Sounds like you were making up for lost time...

 

Ok well seeing that I have been working in insurance underwriting for some time here is a little "constructive" advise. There are no insurance laws that state a premium is set in stone when given. Many times the insured does not disclose all his information when getting a quote, which of course is fraud on the insureds part. Since credit reports are being used in insurance rating now when someone got a quick quote online without submitting their social security number, they can pretty much throw out the quote they just got because the insurance company does not have all the insureds information. So should everyone who got a lower insurance quote online, but then called an agent directly and got a higher quote, sue every agent out there????? They can't. There are ways to receive a lower premium amount. Since he lives at home he can have his Dad as the primary driver of the S2000 so the premium goes down. As long as they live in the same household, agents can mix and match any car to any household person. So just to let you know there is no liability on the insurance carriers part that a quote was calculated wrong. A quote is a quote not a binding contract. This is why I stated he should have requested a copy of what his policy coverages would be. If he did that he would have found the mistake. I can go on and on about insurance laws and regulations but you would probably get confused very quickly since all you do is bash me for my posts

 

Well it was all about managing my finances correctly. I did sell my SS for my 01 S2000 and loved the S but now the next thing I want is a house and the DeLorean is never going away from me so I sold the S and got a Scion tC. I figure at my age if I can't buy another second sports car late in my life then I did something wrong.

 

You are living with your parents, to lower insurance cost, you should transfer your car title to you parent, then ask them to switch insurance company for all cars in family. Your parents are primary drivers, you are secondary diver, that way your premium can be below $100/mo.
I have 3 cars and a house insured with the same company, Mercury Insurance, I am paying less than $50/mo full coverage for my S2000.

 

[QUOTE=thatguyjosh,Jun 15 2005, 06:49 AM]Wow, that was horrible advice.

 

Reading comprehension 101... the guy didn't get his quote on-line, he got it over the phone from a living, breathing human being. stop creating different scenarios that, while helping to prove your point, are meaningless to the situation. A quote might not be a binding contract by itself, but it is if the "quotee" accepts it. A quote is the same thing as an offer. Because he relied on that offer as a key determinant to purchase the car, he might have recourse. If you have more information on relevant insurance laws and regulations, please share, but ONLY if they are relevant. By the way, if you continue to post nonsense, I'll continue to hammer away. Unless of course, you seek legal counsel and serve me with an injunction.

 

I'm going to put one rumor here to rest.

The name on the title has NOTHING to do with insurance rates. Nothing.

If you have three drivers in the house and three cars, one person will be listed as a primary driver on each car. If you have two cars and three people driving, that is the situation where someone can be listed as occasional use. Think about it. No insurance company is going to see four cars for four people and say "oh yeah, I don't think this kid is the primary driver on any of them... someone just has two cars for their own use".

Your best bet would be to move your entire family to a new company. Tell them your mother and father are on the S and the family's next most expensive car. Tell them you are on the least expensive car. All household members are insured to drive all household vehicles, so this is perfectly fine.