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Daily Driver
Posted:
Sun Jan 05, 2014 10:10 pmby Ethan
Ok so I cant afford the insurance on my regular vehicle at this time, is it possible to use the old binder as my daily for a while till my rates go down?
Re: Daily Driver
Posted:
Sun Jan 05, 2014 10:22 pmby lbesq
Two things, if your main vehicle is financed, you will still have to have insurance on it. If not, and your insurance will let you carry it on your old binder, then why not.
Here in Idaho, there is no real difference in the liability portion of insurance irregardless of the age of the vehicle. It is the Full coverage portion that adds the additional money. Lots of things to consider. Do not become uninsured, it will cost you lots more if you do.
Just my thoughts.
Lloyd
Re: Daily Driver
Posted:
Sun Jan 05, 2014 10:30 pmby bedrockjon
I drove a 49 KB-1 as a daily driver for 20+ years, and a L-112 panel daily for at least 10 yrs.
my check list for a daily driver,
1. brakes, you have to be able to reliably stop ALWAYS, and good tires while your at it.
2. lights and signals, for safety, and you don't want to get pulled over, cops biggest excuse for pull over is faulty lights,
3. functioning windshield wipers, if you drive daily your gonna get stuck in a rain storm, gotta see to get home.
4. not necessarily important, but paint it all one color, even if you rattle can it, cops pull multi color vehicles for safety check more often than one that is a consistent color.
I'm sure there are a lot of other things, current tune up etc. but 1-3 are priority to me.
Re: Daily Driver
Posted:
Sun Jan 05, 2014 10:31 pmby nikkinutshop
Good advice, Lloyd. It is important to keep your vehicles in good repair to maintain your relationship with your insurance company. If you fail to keep your vehicles in safe operating condition and this contributes to a collision or injury, you could be held responsible and the insurance company will have an out. Read the fine print before you have to pay a lawyer to do it for you. Just make it easy and do the repairs and get an inspection.
Re: Daily Driver
Posted:
Sun Jan 05, 2014 10:50 pmby Ethan
lbesq wrote:Two things, if your main vehicle is financed, you will still have to have insurance on it. If not, and your insurance will let you carry it on your old binder, then why not.
Here in Idaho, there is no real difference in the liability portion of insurance irregardless of the age of the vehicle. It is the Full coverage portion that adds the additional money. Lots of things to consider. Do not become uninsured, it will cost you lots more if you do.
Just my thoughts.
Lloyd
I have full on my daily because its a 2014, i was gonna get liability on the binder and it runs and stops good i just need to have the brake lights checked and one seatbelt put in
Re: Daily Driver
Posted:
Sun Jan 05, 2014 11:33 pmby lbesq
Sounds like you have a plan. Seat belt is a good Idea, Here in Idaho, it would not be required. Still a good Idea. Check insurance costs at other places along with the cost of insurance at your regular place. Sometime, you can get a lesser insurance cost for an older vehicle separately.
Just my thoughts
Re: Daily Driver
Posted:
Mon Jan 06, 2014 10:23 amby Ethan
lbesq wrote:Sounds like you have a plan. Seat belt is a good Idea, Here in Idaho, it would not be required. Still a good Idea. Check insurance costs at other places along with the cost of insurance at your regular place. Sometime, you can get a lesser insurance cost for an older vehicle separately.
Just my thoughts
Yeah i pay 1800 a year for my daily and im just thinking all i could do with that money
Re: Daily Driver
Posted:
Mon Jan 06, 2014 10:28 amby cornbinder89
Ethan wrote:lbesq wrote:Sounds like you have a plan. Seat belt is a good Idea, Here in Idaho, it would not be required. Still a good Idea. Check insurance costs at other places along with the cost of insurance at your regular place. Sometime, you can get a lesser insurance cost for an older vehicle separately.
Just my thoughts
Yeah i pay 1800 a year for my daily and im just thinking all i could do with that money
Yeah, but unless you own that that daily driver outright, the insurance is a requirement of the finance note. You can not stop it even if you don't drive it.
Re: Daily Driver
Posted:
Mon Jan 06, 2014 10:38 amby Ethan
cornbinder89 wrote:Ethan wrote:lbesq wrote:Sounds like you have a plan. Seat belt is a good Idea, Here in Idaho, it would not be required. Still a good Idea. Check insurance costs at other places along with the cost of insurance at your regular place. Sometime, you can get a lesser insurance cost for an older vehicle separately.
Just my thoughts
Yeah i pay 1800 a year for my daily and im just thinking all i could do with that money
Yeah, but unless you own that that daily driver outright, the insurance is a requirement of the finance note. You can not stop it even if you don't drive it.
I do own it outright
Re: Daily Driver
Posted:
Mon Jan 06, 2014 10:58 amby lbesq
You own your 2014 outright, good for you. Now go check with the insurance to see if you can put a type of "storage" insurance on it, verified by mileage readings. Then just carry Liability on your "new" daily driver international. Be sure to calculate the additional cost of fuel in your figures. The reason you should have some form of insurance on your 2014 is to protect your investment. What if something happens to it while sitting. Large loss of money with no possibility of recovery.
The "storage" insurance is very similar to what motorcyclists put on their bikes that are parked over the winter months. Still allows for some movement, yet covers accidents and bodily harm.
My thoughts
Lloyd