What kind of car do you drive? (If you do...)

[Monolith]

@ChewBecca Do they offer gap insurance there? IE: Youre paying on a car note, it gets wrecked. The insurance company states the car is worth less than what you owe. So you end up paying on a car that is wrecked. Gap insurance covers the difference.

 

[ChewBecca]

ChewBecca Do they offer gap insurance there? IE: Youre paying on a car note, it gets wrecked. The insurance company states the car is worth less than what you owe. So you end up paying on a car that is wrecked. Gap insurance covers the difference.

If you pay in full you get a refund for the remaining months. If you pay monthly then you have to pay a cancellation fee. There may be add one to protect against paying this fee, but I always pay in full to save money.

 

[Ben]

Usually where I live, if you buy a car you put the ensurance on the name of the parents so that you don't have to pay that much.. Then when time is ready you transfer it to your own when you reach a decent age and the insurance price will drop.

How'ever, i'm currently learning driving so i don't have a car yet

 

[Unphased]

Usually where I live, if you buy a car you put the ensurance on the name of the parents so that you don't have to pay that much.. Then when time is ready you transfer it to your own when you reach a decent age and the insurance price will drop.

How'ever, i'm currently learning driving so i don't have a car yet

That's called 3rd party cover. Basically if you have a crash, it will cover the other person but not yourself. It's common over here too in the UK, a lot of traders policies (like my own) do this as well.

 

[Ben]

That's called 3rd party cover. Basically if you have a crash, it will cover the other person but not yourself. It's common over here too in the UK, a lot of traders policies (like my own) do this as well.

Depends on what insurance you take, half or full insurance but that most likely depends on the state of you car the moment you buy it.

 

[Unphased]

Depends on what insurance you take, half or full insurance but that most likely depends on the state of you car the moment you buy it.

The more 'careful' drivers take 3rd party. Normally if the accident is the other person's fault, their insurance will cover you anyway.

 

[Ben]

Well my temporarly drivers licence expires in 2 months so i got until then to pass the practical part, however shifting issues :/