Subaru WRX Forum banner
Status
Not open for further replies.
1 - 20 of 39 Posts

·
Registered
Joined
·
7 Posts
Discussion Starter · #1 ·
I have saw thread about this already but they don't explain my situation. Im 17 and I want a wrx, yes insurance I know will be expensive but I'm looking for a rough estimate.
The car WONT be under my name, My dad would fall under the driver off the wrx. He is 50 and has a clean record and so does everyone on the plan. Theres 3 cars under the plan right now and 4 of us so I fall under as part time driver for every car. So I was wondering what would be the insurance price with this situation. Thanks!!
 

·
Master Baiter
Joined
·
12,653 Posts


In all seriousness...

No one here can answer that question. Call insurance companies and ask.

Anectodal evidence: When I was a few years older than you, with no accidents or points on my license, I was quoted anywhere between $1100-6500/year to insure my STI.
 

·
Super Moderator
Joined
·
11,761 Posts


In all seriousness...

No one here can answer that question. Call insurance companies and ask.

Anectodal evidence: When I was a few years older than you, with no accidents or points on my license, I was quoted anywhere between $1100-6500/year to insure my STI.
That sums it up. Doesn't matter who the main driver is, insuring an at risk person will jack the price up.

How do you plan on paying a 400 dollar a month car payment?
 

·
Registered
Joined
·
2,014 Posts


In all seriousness...

No one here can answer that question. Call insurance companies and ask.

Anectodal evidence: When I was a few years older than you, with no accidents or points on my license, I was quoted anywhere between $1100-6500/year to insure my STI.
This.
 

·
Master Baiter
Joined
·
12,653 Posts
wrxguzzi said:
A big down payment and working lol. But won't it be cheaper under my dads name than mine?
XJman said:
Cheaper and cheap are not the same.
It will be cheaper with your father as the primary listed driver.

My advice to contact insurance agencies stands. Don't talk about this any further; you're in a "grey area" where certain comments could be used as a reason to deny a claim moving forward (your father is listed as the registered primary driver on the vehicle, but in fact you are).

My other advice would be to strongly reconsider your transportation options if you're the one paying for it (e.g., your parents aren't giving it to you as a "graduation gift"). You're looking at hundreds of dollars per month in a car payment, insurance, maintenance, etc. You may be ready to depart on your way to college, where that money could be much more wisely spent in terms of activities available to you.

I bought my STI when I was a junior in college (it replaced a pretty nice used car I had purchased a few years prior and carried no loan). I didn't have money to go on spring break. I didn't have money to go to the bars every night. You may not consider this now, but you've got years ahead to buy a "fun car". My advice is that you should get something reliable / practical, and use that extra money to have the time of your life while you're young, before real life and bills sets in. No one at your age wants to hear that, but take it from someone who sacrificed those things, and if I were to do it over again, I may have made different choices...
 

·
Water.....sometimes waves
Joined
·
1,612 Posts
I am 53, have 4 cars, am the primary driver of the WRX (actually and on the ins policy) but my 18 yr old son does drive the wrx sometimes. I pay $664/yr for the wrx portion of insurance. But that is from the best insurance agency on the planet, USAA...........
 

·
Registered
Joined
·
784 Posts
It will be cheaper with your father as the primary listed driver.

My advice to contact insurance agencies stands. Don't talk about this any further; you're in a "grey area" where certain comments could be used as a reason to deny a claim moving forward (your father is listed as the registered primary driver on the vehicle, but in fact you are).

My other advice would be to strongly reconsider your transportation options if you're the one paying for it (e.g., your parents aren't giving it to you as a "graduation gift"). You're looking at hundreds of dollars per month in a car payment, insurance, maintenance, etc. You may be ready to depart on your way to college, where that money could be much more wisely spent in terms of activities available to you.

I bought my STI when I was a junior in college (it replaced a pretty nice used car I had purchased a few years prior and carried no loan). I didn't have money to go on spring break. I didn't have money to go to the bars every night. You may not consider this now, but you've got years ahead to buy a "fun car". My advice is that you should get something reliable / practical, and use that extra money to have the time of your life while you're young, before real life and bills sets in. No one at your age wants to hear that, but take it from someone who sacrificed those things, and if I were to do it over again, I may have made different choices...
I made the same mistake... had a perfectly good Sentra but got a job when I started college and all my money went to a brand new jetta... no money left over for anything else. Much regret but I managed. College life could have been 10 times better.
 

·
Registered
Joined
·
277 Posts


In all seriousness...

No one here can answer that question. Call insurance companies and ask.

Anectodal evidence: When I was a few years older than you, with no accidents or points on my license, I was quoted anywhere between $1100-6500/year to insure my STI.
/thread

We can all go home now
 

·
Village Idiot
Joined
·
2,450 Posts
I have PLPD and am 29. I pay $200 month.
Finally someone who understands my pain! I pay a ridiculous $200/mo for my Ducati and my STi. You would figure they would give me a better rate since I bundle those with my damn home insurance too.... gotta love it.
 

·
Registered
Joined
·
138 Posts
I have saw thread about this already but they don't explain my situation. Im 17 and I want a wrx, yes insurance I know will be expensive but I'm looking for a rough estimate.
The car WONT be under my name, My dad would fall under the driver off the wrx. He is 50 and has a clean record and so does everyone on the plan. Theres 3 cars under the plan right now and 4 of us so I fall under as part time driver for every car. So I was wondering what would be the insurance price with this situation. Thanks!!

Back when I was just ending high school, 28 years ago, I remember the kids that had new somewhat nice cars that their folks helped them get or bought for them. Almost all of them ended up in major accidents. Now decades later those same people have turned out to have some pretty self entitled viewpoints.

Giving a kid anything but a super practical slow piece of crap car to drive until they can afford one all on their own as an adult is a really bad decision as a parent.

Such decisions are, in part, why car insurance is so expensive.
 

·
Registered
Joined
·
7 Posts
Discussion Starter · #14 ·
Back when I was just ending high school, 28 years ago, I remember the kids that had new somewhat nice cars that their folks helped them get or bought for them. Almost all of them ended up in major accidents. Now decades later those same people have turned out to have some pretty self entitled viewpoints.

Giving a kid anything but a super practical slow piece of crap car to drive until they can afford one all on their own as an adult is a really bad decision as a parent.

Such decisions are, in part, why car insurance is so expensive.
My parents aren't buying me this car, my dad is just taking the loan out, I will be the one paying for this car. I currently have a 2012 jetta I am looking to sell and use that money as a down payment plus some on top. I will finish paying off this car by the end of the year if I do end up getting it.
 

·
Registered
Joined
·
784 Posts
My parents aren't buying me this car, my dad is just taking the loan out, I will be the one paying for this car. I currently have a 2012 jetta I am looking to sell and use that money as a down payment plus some on top. I will finish paying off this car by the end of the year if I do end up getting it.
If you really are able to pay it off by end of the year then you surely have the financial backing for it. In that case go for it.
 

·
Water.....sometimes waves
Joined
·
1,612 Posts
Giving a kid anything but a super practical slow piece of crap car to drive until they can afford one all on their own as an adult is a really bad decision as a parent.
I get where you are coming from. I mostly identify with the same thinking. But be careful - a couple things: A kid who is going to get into trouble with a car has a nearly = chance with a slow POS
as he does with a quick new car; push any car to its limits and you're asking for trouble. Also it depends so heavily on the individuals involved. Some kids mature quicker and/or better than others
and are almost a -0- risk for trouble by being handed a new car and also fully appreciate how that was gotten for them (by hard work, etc....) I would argue that it is not the fact that handing a kid a nice
new quick car that is the issue at all - it is all the parenting/teaching/grooming/loving/caring/admonishing/counseling.... long before they can drive which makes a kid turn out how they do. But I get where you are coming from.
 

·
Æternum
Joined
·
16,127 Posts
A 17 year old putting $25k+ into a depreciating asset in one year is just a terrible decision.

TBH, paying off a low-rate auto loan (<3%) in a year is just bad financial strategy, regardless of age. However, $25k does a lot more for a 17 year old than a 50 year old.

$25k could have paid down 70% of my student debt.
 

·
Registered
Joined
·
15 Posts
I like how this post is becoming more of life lessons.
Honestly, it's nice to want the WRX at 17, but you need be to be able to have something to look forward to later on. I got a hand me down at 18. I'm 28 and I just got my WRX and it is much more satisfying. Harder said than done though.


Sent from my iPhone using Tapatalk
 

·
Super Moderator
Joined
·
11,761 Posts
My parents aren't buying me this car, my dad is just taking the loan out, I will be the one paying for this car. I currently have a 2012 jetta I am looking to sell and use that money as a down payment plus some on top. I will finish paying off this car by the end of the year if I do end up getting it.
Keep the paid off car man. Why do you want a car payment? Let's say you find a WRX and get in it at 28k after all is said and done you are closer to 34k paid not including insurance, and maintenance.

This is extremely poor financial planning. Be smart, don't be car poor.

Sent from my SAMSUNG-SM-G935A using Tapatalk
 

·
Premium Member
Joined
·
477 Posts
May a suggest an immediate STOP before purchase. I am friends of a person who was about to buy a 2016 Z06 (650 HP/650 TQ), and to allow his son to occasionally drive it. In the father talking with his insurance company before purchasing the car, his insurance company who has insured him for decades and he has a great driving record), told him that while we will insure the car for you, you son will not be covered even for a one-and-done 15 minute drive with you in the passenger seat. That will be in writing as a condition of our even issuing you insurance, and know that if while you are at work and without your permission, and your son gets a hold of the key fob and drives the car, it will be without any insurance coverage, that we will accept no liability, nor responsibility and your insurance will not cover any/all damage or claims.

While a 268 HP WRX is in a different class from a Z06, please do not assume anything about insurance without prior extensive research and communications between your Dad and the insurance company.

Hope you all can work this out to you, your Dad's, and your insurance company's total agreement on not just pricing but all the coverage terms prior to the WRX purchase!
 
1 - 20 of 39 Posts
Status
Not open for further replies.
Top