Would an older silverado 1500, be a killer on insurance as a first car for a 17 year old?

Question

No bad driving history either

Answer 1

Yes. Those are big old V-6 or V-8 trucks. Stick with the rule of four. At least four years old, Four doors, and Four cylinders. That's the cheapest way to go!

Answer 2

There is no ONE insurance company that is right for everyone - everyone is rated individually - and all companies have different "likes and dis-likes", different credit tiers, different business models, and many other factors that can vary your rate - and a QUOTE is ONLY a quote until the policy is issued.

Since you are under the age of 18, you would be best served by being insured on your parent(s)' insurance policy as you are too young to sign a contract - and an insurance policy IS a contract.

Typically, insurance rates will vary from State to State and can even vary by ZIPCODE! It also will depend on the type of car/truck, coverages, limits of liability, and driving record. Some companies run credit scores and MOST run a motor vehicle report and CLUE (Comprehensive Loss Underwriting Exchange) report to see about undisclosed accident involvement.

The best thing to do is call a LOCAL independent agent or broker. Don't go across town, or to some other city - look for someone CLOSE. Just look in the phone book for the PIA or Big I (Trusted Choice) logos and you will find a professional licensed agent that will be able to help you solve your insurance problems, and give you rate comparisons of several different companies.

An independent insurance agent will normally have a dozen different companies and if he cannot help you, he should be networked with other local agents that can.

In my agency, we have companies that do NOT run a credit score and welcome drivers with "less than perfect" driving records and specialize in youthful operators!

Most of the replies on this site say "go to this on-line carrier or that on-line carrier or that 1-800 number" but I'm sure that when you do, you will find some impersonal computer user with a script to work from and you won't be able to talk with the same person every time you have a problem!

Good luck, drive RESPONSIBLY and I hope this helps!

Answer 3

You are 17 !!!  

That's the bottom line factor for the higher rates.  That will continue until you are 25.

Major aspects of implementing higher rates are:

Age - is the person under 25

Marital Status - young and single = higher rates

Driving Record - moving violations; failure to appear in court

Claims against the policy for compensation

Chargeable Accidents - were they your fault.

Residence - where you live.  If you live in a high traffic area such as a major city rates go up.  If you live in a rural area rates are lower.

Commuting - how far you commute to work and estimated annual mileage are factored in also.

Value - the market value and if it is a high theft vehicle factor in.

But in your case I'd believe it's the 17 years old that will be hitting you hard in the wallet.

Hope this helps.