Father of 3

For those of you who've been through this before, how much will the mere fact that a 993 is in my garage affect the cost of insuring my 16 yo first time driver. No, she won't be driving the pcar.

deadhead1960

Different states have different rules regarding "exclusion" of specific cars for children. If you have collector car insurance (Grundy or Hagerty for example) for the 993, the policy would only apply to adults over 25 years old and would be a supplement to your other cars and therefore not impact the insurance cost.

2Many Cars

I went through this with both my daughters. Put the 993 (and any other toys you may have) on a collector policy for you and put your daughter and rest of the family on the policy for the rest of your cars. You'll still pay up to put a teen driver on your family policy but a teen driver on a 993 is not something you want to do.

Also, most companies will give a discount for a teen driver if they do an online safe driver course and have good grades so ask about it.

MDamen

My kids are not listed as drivers of the Porsche. It still cost about $1800 a year to add my daughter.

IXLR8

How much?

Hopefully any new driver has high premiums simply because they haven't proven themselves yet.

Kika

When my son got his license 3 years ago, it didn't affect the 993 at all. My Mother in Law has a 87 Camary that we put him on.

I have the 993 listed as a recreational vehicle and driven under 5,000 miles a year. cost me about $600 a year to insure.

Some insurance companies will give discounts to for good grades, I had to fax a copy of my son's report card in.

s4for5

We have been thru this twice so far with a third about to start driving.
The least expensive way in Massachusets was to get the new driver their own car and make them the primary driver.
We both then signed an exclusion form listing all our other vehicles they could NEVER drive.
Putting one in a used Jetta and the other in a Corolla ended up costing about $1300.00 each per year for insurance.
This also ended any " dad, can I drive the Porsche/Audi" questions before they ever came up.
I was also able to call my insurance agent when we went on a trip together and got a 5 day release so my daughter could share the driving at no additional cost.
The good part is that you can soon do some DE events with your kids and share the love while getting them the skills they need to survive.
Here are a few pics of my Daughter and I at NHMS this year.

gwc

Here are a few pics of my Daughter and I at NHMS this year.

[/QUOTE]


Very Cool or as they say nowdays....

Priceless

JPS

Which company?

Mike J

You guys have it sooooo good in the US! Here in Vancouver, BC, my 993 costs $1800/year and that is CHEAP! My wife's Subaru Forester and her clean driver's record = $1900/year. The increments are not that big, to add my 17 year old and 20 year old daughter's to the Subaru so they can drive - $200.

Just to say how insane it all is, the Turbo is CHEAPER than the Targa to insure by $80/year. They put the Targa in with the coupes BTW.

I have a truck ($1600), Porsche ($1800) and Subari ($1900) - paying a TOTAL of $5300/year for the $#*)()(#* insurance with CLEAN driving records.

Cheers,

Mike

coreseller

I have a 16 year old son. As it was explained to me, the rates are dictated by the car situation.

The most expensive scenario; if you have an extra car dedicated to them as a primary driver worthy of complete comprehensive coverage (not a clunker).

The least expensive; if you adding them as a driver and they will be sharing the use of one of your existing insured vehicles.

There are several in-between scenarios. My insurance company does not offer "good student" discounts, his rates are based upon my and the wife's driving / claim history. I purchased a 2007 Corolla S for him to drive, it will run $1600 full coverage (not state mins either), my 993 as a pleasure vehicle runs me $415 per year.

As a side bar; I have my kids sit down with our insurance agent so he may explain to them how the insurance rates work, along with what happens if they have an accident or get a ticket. I also have them attend a "Street Survival" course put on by the Tire Rack and the BMW Club (streetsurvival.org), cost is $75 for the one day course. Worrying your **** off while they're out on their own the first few times, nothing anyone can do about that. Good Luck.......Mark.

DC from Cape Cod

I am also in Mass and here is what I did.

Before I had 3 cars - stated value on all - paid about $850 per car (Cheap in Mass for $1,000,000 in liability and full comprehensive/collision).

Added son - added cost about $850 - he can drive ANY car. It was MORE expensive to have him on his own policy and he would NOT have gotten the same limits or the collision/comprehensive.

I use Chartis...best insurance company ever.

luv2race

I believe the guidelines differ by state and your personal situation. For us in NJ it was much cheaper to put our daughters on their own cars otherwise most insurance carriers assessed some additional risk to our daily drivers (wife and mine) which are reasonably expensive so the up charge was significant.

My advice is to get a very good and knowledgable insurance agent. I have a couple I can recommend if you want or need one.

Also as coreseller mentioned above I highly recommend a driving school beyond the mandatory drivers Ed or behind the wheel training. Our daughters participated in the driving school offered at NJ Motorsports Park which included skid pad, high speeed lane change, panic braking, and auto x.

ilko

Is your daughter getting a Boxster as a first car?

mjsporsche

In NJ, there is a difference between adding a son vs adding a daughter. Not very gender sensitive given the times we live in.

For my son, when he turned 17, I bought my secretary's old 89 Merc Cougar. (No - she is not) and placed my son on that car. Same liability coverage, but not much more as the car cost me $500. My son could drive the other family cars but he was assigned to the Merc. That scenario worked.

3 years later my daughter turns 17. We had a bet that if she had a 4.0 GPA thru 1st semester senior year (did not turn 17 until late December), she can get any car that she wanted. Long story buy I thought it was a win win bet. In January she got a new 3 series BMW (which I later took over when she went off to Michigan). Insurance on the new BMW was not much more than the old Merc.

Mark