New Driver, Buying Used Car, How much is monthly insurance?
18 years of age, recently got my license more than a month ago. Looking into this 2003 Ford Taurus I found at a dealership (4 door).... Parents are saying insurance will cost around $300 a month! excluding the car payment which will be around $200 a month. For some reason, I don't believe them what so ever with the cost of the insurance. I do have to get full coverage insurance. But thats just ridiculous. New drivers, how much do you pay for insurance. Only answer if your on your own plan.
Public Comments
- Why the [profane] would you buy a FORD TAURUS????? I think you should instead consider a fabulous Lexus ES250 Insurance for my Lexus ES250 is around $95 per month ($566 for 6 months; you pay for car insurance once every six months) I am on my own plan, and I do not have full coverage, only liability. When I first got my license about 5 years ago, it was around $700 for six months (about $125 per month) You DO have to get full-coverage if you buy a pretty new car because the financing company or dealer require it; on the other hand, older cheaper vehicles, like my fabulous Lexus ES250, you can drop comp/collision insurance My car, to buy, cost $2000, no car payments!!!!! AS for the price you quoted, you CAN believe them; that is about right for full coverage, especially in NJ which is famous for its high car insurance rates!!!
- In my opinion, you should compare quotes before buying your insurance. My friend used http://www.nationalinsurancesite.com/search/ to compare companies. He's currently with geico. Give them a try. They may be able to help you out.
- Hi, Good post. I had some problems with my car after I had an accident. My Insurer wanted to raise my rates $525 a year! I've never even gotten a speeding ticket! I looked for a new provider and found this website: http://www.ironless.com They compare all of the major insurance providers and give you the best deal. I ended up saving over $300 from what I was previously paying (that's $825 a year!). Good Luck
