I want to lease the G under my name, but insure it under my fathers name. Is this possible if we're from different states? He lives in Pennsylvania and I'm from NYC.

 

If his name is on the registration its possible. Your name will also have to be on his insurance.
They will probably ask why your in a different state than him, you could possibly claim your a student away at school if your not too old. But you will be listed as a driver on his policy and his rates will be affected by whatever your driving record looks like.

 

Insurance Fraud = FAIL

 

I don't want to come out as if I'm committing insurance Fraud intentionally, but the rates that I've been quoted are insane. I've gotten anywhere from 320 to 1100 a month!! Thats almost as much as my car payment and much greater. Initially I wanted to have everything under my fathers name, but since I'm going to make the payments anyway, i figure why not build credit if I can. I'm 20 years old and do live away at school.

 

I dont think Id drive a G37 then if there that high... yikes... just be sure to never need to make a claim on your insurance or never get pulled over if its all in your dads name... that could be a sticky situation...

 

Well you can be under his policy LEGALLY, as a student away at school, but with rates like that. I can only assume you have some activity on your driving record. How many years have you been lic.? In cali, after 3 years of driving you'll catch your first rate decrease. But you won't get the lower rates until you reach 9 years of driving experience which usually happens at about 25 for most drivers.

The only thing that would prevent you from being listed on his policy is if he is with a carrier which is considered to be in a PREFFERED market. If you have a lot of negative activity on your driving record, they may not accept you or the may want to move the policy from the PREFFERED market to a STANDARD market. Its kind of similar to credit, Prime and Sub Prime. Prime you get the better rate, Preffered you get cheaper premiums.

 

Lease should be in your fathers name, and you listed as a driver on any vehicle in the household.

 

Should be, but doesn't need to be, I think he can just be added to the registration, and not the lease agreement if that what he wanted, but his dad is going to have the same liability exposure as if he leased it himself. You might have him cosign so you can get a good rate as well, since he's not saving himself any liability by putting you on his policy.

 

I received my license at 17, never had any accidents, a few parking tickets though. Never thought I'd get screwed over by a late meter lol.

btw, i received these quotes solely through the online insurance sites. Are the rates they show me the end all and be all, or are there other factors that go into how much I pay if I were to speak to an insurance rep personally.

 

Your rates will most likely be lower if you speak to an Agent personally. They will also be able to run your AUI and get you the best rate possible. Until you're married or 25, you're going to be paying $$$ for insurance, thats just how it is regardless of your driving record.

 

You need to try finding a broker. They'll do the shopping, and don't be scared there are insurance brokers out there that don't charge broker fees. You'll have to utilized some yellow pages, google, and yahoo to find them.

If you search for compaines like Mercury, Safeco, Travelers, and Allied. They will only be sold through agencies or brokerages.

The main things they will factor into rates, are obviously driving experience, age, and zip code. If your in the city, they see a lot of potential vandalism or dings and such from the population density, if your up state in the suburbs, they'll give you a lower rate. I'd check the rates for you but we are based only in the West Coast, Texas and Florida for Homeowners and Flood.

 

Thats where the money is!! Cal, TX, FL FTW!

 

NY is not far behind if not more expensive. Those skyrise apartments bring in a huge chunk of premium. You close one skyrise building you can pretty much retire off the residuals, and live like a king.

 

Lets see, I am an 18 and if I get the G on my dad's insurance under his name it's gonna be $592 for 6 months... my last 2007 camry was $500 for 6 months

 

you can try to get a G and have your dad listed as the driver. But if the G is the most expensive vehicle in your household, the insurance company is going to rate the biggest potential risk on the most expensive car. Meaning younger drivers or higher rated drivers will be rated on the biggest liability exposure to the company. You'll also have to make sure that you have correct limits of liability if your picking up a lease. 100/300/50 is the minimum requirement for leases along with comp and collision. I think your going to be rudely suprised when an underwriter checks out the policy.
I'm paying around 800 every 6 months, and i'm going to be 25 on my next renewal. Granted I have really low deductibles. I can say with absolute certainty you'll see an nice uprate in your premium once underwriting reviews the policy.