07-16-2001, 09:08 PM
Besides the obvious ways of getting a cheaper car or increasing my age a few years, that is. I'm around 21 years of age, have a clean driving record (a few tickets 3-4 years ago, but nothing recent). I drive a mid-90s, fairly inexpensive car. I pay approximately $200 per month, which I understand is about average for people of my age. Here's the thing, though: two hundred bucks is still two hundred bucks, and a signifigant portion of my monthly income. So where's the little-known insurance loopholes? I'm willing to accept a fairly high deductable. I guess I have to have collision coverage, since I'm still paying off a bank loan (for another year or so). I've heard tell of various ways to severely drop the insurance, but never described in specifics. For instance, I've heard there are ways to get the car insured as a "company vehicle" (which, I assume because company vehicles are less likely to be involved in an accident, carry low premiums). I've heard that there are various insurance companies that have specific criteria for members (ie, your family must include a veteran of x war, etc, etc, etc.). I've heard you can get it insured with yourself as merely an "occasional driver", thus lowering the premium, since the car would be under your (presumably cheaper to insure) parents policy. Now, I'm not looking to commit any sort of fraud, but I do wish I knew what my options are.