Am I cooked (teen driver)
Hey guys, I’m currently a teen driver and I got into an accident with someone. I think it’s mostly them ( biased ) but honestly I wanted to ask because I want to take responsibility and pay off the additional fees that are quoted.
For reference, my mom and I drive a Volvo XC 90 from 2023, and I am with farmers insurance for full coverage premium.
I was added to the insurance roughly in early April, and I think my mom pays bi-annually. I think she paid $3045 for her six month, and now that I got into the accident, I think the next payment went up to $4190 for the six month.
She has no history of accident accidents, I had no (I guess now I do) history of accidents. But the thing is, my insurance ends soon because it’s only a one month contract. It states that her full term premium is $4190 now, so am I to assume that the full term is every six months?
I just want to get this down because I wanna know how much I should pay back to her because I feel really guilty, and I currently have a job so I’m probably gonna have to sacrifice a lot of time on this, so I wanna make sure that I can fully pay her back.
Please let me know if you need any more information. I’m just really scared because this was my first accident.. do you think the insurance companies know that I’m gonna get off the plan.. so it actually looks more like this
Full term premium = 4190 dollars
Prior estimates (4/24-5/16)
- like 93 dollars
Future (5/16-11/16)
- like 900 dollars (💀 I know )
(tbh for accident wasn’t even that bad, I think I was quoted $500 to fix my car because I just needed to get a tire rim change, and their car was quoted about $1000)