Hand your teen cash for a taxi for every trip. Sounds like it would be cheaper! Definitely safer for your kid.
Insurance sure costs a lot
- Thread starter nun
- Start date
Hand your teen cash for a taxi for every trip. Sounds like it would be cheaper! Definitely safer for your kid.
Htown Harry
Thinks s/he gets paid by the post
- Joined
- May 13, 2007
- Messages
- 1,525
Down here in the land of hurricanes, tornados, hail, and burglaries, $3000 a year for home insurance isn't at all unusual.
aja8888
Moderator Emeritus
Yes, and I know people who pay more here and have a 2% deductible. Even car insurance is nuts around Harris County. But the barbecue is great!
InParadise
Recycles dryer sheets
- Joined
- Feb 4, 2014
- Messages
- 158
All that would mean is that we would pay for taxi and their insurance. Once they get that license, and they still have your home as their primary residence, they must be on your insurance. There is no taxi only option.Hand your teen cash for a taxi for every trip. Sounds like it would be cheaper! Definitely safer for your kid.
Lucky for us Eldest got his license the day before he left for college. We learned our lesson and Youngest will not get his til close to that time too, though he wanted his permit the day he turned 16. I guess I am the taxi. It's not as though we were going to buy them a car to use.
You can't even insure them on just one car, not that our Hyundai and minivan, both with about 100,000 miles are all that expensive to insure, relatively speaking.
brett
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Apr 24, 2010
- Messages
- 5,925
Keep in mind that insurance, home, auto, etc. is also based on where you happen to live, ie postal codes, and by extension the weather, risks, demographics, crime rates etc of where you live.
My car insurance went down slightly I moved to a different postal code in the same city. Agent told me that it was partly based on all claims by all insurance companies for people in the postal code.
My car insurance went down slightly I moved to a different postal code in the same city. Agent told me that it was partly based on all claims by all insurance companies for people in the postal code.
I'm jealous of all your insurance rates!
We pay :
$5650 for auto insurance (4 cars and two college aged boys. Both have good driving records and qualify for good student discount)
$5500 for home owners insurance (4900 sq. ft house in the middle of hurricane and sink hole country)
$7600 for health insurance (this is our portion of our employers coverage)
$800 dental
Life is paid by DH's employer
Getting ready to add another teenager to our auto insurance. It's a daughter and I have heard they are less expensive. It'll be nice when my boys are off the payroll!
We pay :
$5650 for auto insurance (4 cars and two college aged boys. Both have good driving records and qualify for good student discount)
$5500 for home owners insurance (4900 sq. ft house in the middle of hurricane and sink hole country)
$7600 for health insurance (this is our portion of our employers coverage)
$800 dental
Life is paid by DH's employer
Getting ready to add another teenager to our auto insurance. It's a daughter and I have heard they are less expensive. It'll be nice when my boys are off the payroll!
Keep in mind that the cost of homeowners insurance has nothing to do with the land value - only the cost of construction and contents.
Our house has an outrageously high zillow price, despite being a 50 year old tract home, because we're in a nice neighborhood in a very expensive city. But the cost of replacement is about 1/4 of the current market value. The expensive part of our house is the land.
So the home owners insurance cost can be completely disconnected from the market value of the home, if the land is expensive.
Our house has an outrageously high zillow price, despite being a 50 year old tract home, because we're in a nice neighborhood in a very expensive city. But the cost of replacement is about 1/4 of the current market value. The expensive part of our house is the land.
So the home owners insurance cost can be completely disconnected from the market value of the home, if the land is expensive.
aja8888
Moderator Emeritus
I don't know where Zillow gets their estimated values. A house we own is rated at $232K but in that neighborhood, larger ones (25% more square footage) are selling for the mid-$180K range. Nuts.
Ages 62/60 and both retired:
Auto $900 (pick-up truck and sedan)
Long Term Care $2500
Home $1100 (5400 SF detached and 1300 SF Condo)
Dental $300 (retiree/employer group coverage)
$2M Umbrella $200
Health $2600 (retiree group HDHP with employer HSA contribution of $1500)
Life $615 ($500K term policy paid by me and free $220K employer group plan, which drops to 25% coverage at 65)
My dental coverage is exceptional and worth every penny of paid premium. I get 80 percent coverage for crowns and 60 percent coverage for implants, with maximum annual limit of $3k. And two free dental cleanings/ and check-ups, which pay for the coverage itself. Also, the in-network negotiated rates by the plan for our dentists really save us a lot. I can use funds in my HSA to pay for expenses not covered by dental insurance.
Auto $900 (pick-up truck and sedan)
Long Term Care $2500
Home $1100 (5400 SF detached and 1300 SF Condo)
Dental $300 (retiree/employer group coverage)
$2M Umbrella $200
Health $2600 (retiree group HDHP with employer HSA contribution of $1500)
Life $615 ($500K term policy paid by me and free $220K employer group plan, which drops to 25% coverage at 65)
My dental coverage is exceptional and worth every penny of paid premium. I get 80 percent coverage for crowns and 60 percent coverage for implants, with maximum annual limit of $3k. And two free dental cleanings/ and check-ups, which pay for the coverage itself. Also, the in-network negotiated rates by the plan for our dentists really save us a lot. I can use funds in my HSA to pay for expenses not covered by dental insurance.
