$500 for car insurance?!

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Author

Posted: Fri Jan 15, 2010 3:56 am Post subject: $500 for car insurance?!

Hi all! I'm 19 years old and finally got my driver's license. I am buying a car from my Uncle who owns a dealership in the area, it's a 2006 Volvo S40 Automatic transmission, it definitely is not a "sports car". Anyways, I'm having the hardest time finding car insurance. I can't afford more than $130 p/m right now. Is there ANY place out there that has low rates for people who are first time drivers? I don't care about the deductibles or anything, I just need a low monthly rate.

katrinatx

New member

Joined: 15 Jan 2010
Posts: 1

1.38 Dollars($)

Posted: Fri Jan 15, 2010 7:39 am Post subject:

I guess there's a possibility that most carriers would offer higher rates to new drivers. BTW, did you attend a drivers course in your locality?

steven

Senior member

Joined: 02 Feb 2006
Posts: 1553

215.66 Dollars($)

Posted: Fri Jan 15, 2010 3:11 pm Post subject:

Check Progressive or Geico.

Reckless78

New member

Joined: 12 Jan 2010
Posts: 17

3.15 Dollars($)

Posted: Sat Jan 16, 2010 1:20 pm Post subject:

The higher your deductibles the lower the premium (remember deductibles only apply to collision and comp coverages)...Check some of the larger carriers that offer to quote other carriers along with their own (even if lower). I know that Progressive says they do on their commercials, I'm sure others do as well. _________________ "Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.

Lori

Moderator

Joined: 10 Sep 2007
Posts: 8173

Location: Missouri
287.90 Dollars($)

Posted: Sat Jan 16, 2010 2:18 pm Post subject: insurance

I'm curious about something: did you have the car financed through your Uncle's dealership? I'm asking because, in the lease they usually have 'Full Coverge' ..you can't drive it off the lot without Insurance. Also... (just my personal experience here..) the payment I made each month, included the 'Full Coverage'. I 'let it go' with this as I was looking around for 'Full Coverage' I could afford. I do admit, 'Full Coverage', through financing, is a pretty high rate.