insurance

[2001300exguy]

ok there is some sort of small chance that i might be getting a 96 cobra with 85,000 mile. So the question is what kind of insurance am i going to be looking at for full coverage. i am 17 and have close to a 4.0 so i get a good grade discount. are there any tips you might have for getting a lower payment, or "tricks". Also i am only getting full until i pay of the car loan that i will be getting. i will be getting it for 9500

[firefighterjosh]

Its going to be high no mater what. My 4.0 v 6 ranger is $1200 a year and that is a good deal. I bet your looking over 2k a year if not more.

[2001300exguy]

trust me i had planned on it being high. Hell im paying $110 a month for liability for my 93 s-10 with 240,000 miles

[Regular_Joe]

I'd guess like $2k-$3k a year. Probably equal to if not 50% more than your car payment.

[firefighterjosh]

Originally posted by 2001300exguy
trust me i had planned on it being high. Hell im paying $110 a month for liability for my 93 s-10 with 240,000 miles

You will prally pay twice that for a cobra at 17 years old. Is that full coverage? If not prally add another $500 - 1k a year to it.

All you could do to get a lower payment is keep the s - 10 put Liability on it and sau thats you daily driver and the cobra is not a daily driver. Thats what I do for my truck. Cuts my payments by about $40 a month

[2001300exguy]

so im looking at about 200-300 a month which is about what i expected. 110 is for liability on the s-10. Do you really think it would be cheaper to keep the s-10 with liability and the mustang with liability as a "non daily driver". This would only be until the loan is paid of which will also only be 3500.

[y3llow400ex]

a year a half ago when i was 19 i got my 98 gt and for a long while my insurence was 400$ a month. thats on my own insurence policy and a perfect driving record

insurence is a rip off, thats why i drive slow, i cant blow anymore money on getting from point A to point B...i say just find a cheap relieable car...but thats just my 2 cents

[2001300exguy]

i have a cheap reliable s-10 right now
but it getting really beat up and sometimes gets me in troubnle cause i dont care about it
it has 240,000 miles and i figure that it is going to probably needing some big repairs int he near future
plus im 17 and have the chance to buy my dream car, why pass that up

[ECATV Raptor]

I just turned 16 a few months ago and got my truck. I got a discount for a B average and then I got 15% off for watching some movie on safe driving. I think total I saved about 25%.

[firefighterjosh]

Originally posted by 2001300exguy
i have a cheap reliable s-10 right now
but it getting really beat up and sometimes gets me in troubnle cause i dont care about it
it has 240,000 miles and i figure that it is going to probably needing some big repairs int he near future
plus im 17 and have the chance to buy my dream car, why pass that up

Not trying top be a dick but you have the rest of your life to get your dream car. I want a new corvette and I could get one if I didn't want my quads. BUt I chose to have 2 quads and a decent truck instead of putting every dime into a new vette. Spend 9k on a car and 5 k a year for insurance??? Or spend 1,300 on insurance and maybe 6k on another decent vehicle and save your money and buy quad stuff.

[2001300exguy]

i would consider taht if everyone that i rid ewith didnt already sell their dirt bikes or fourwheelers and got nice cars. On top of that everywhere around be that i used to ride is beign closed off, plus where does 5k for insurance come from. The most that i can see on paying is 300 a month which is only 3600 a year

[firefighterjosh]

Originally posted by 2001300exguy
i would consider taht if everyone that i rid ewith didnt already sell their dirt bikes or fourwheelers and got nice cars. On top of that everywhere around be that i used to ride is beign closed off, plus where does 5k for insurance come from. The most that i can see on paying is 300 a month which is only 3600 a year

I was joking about the 5k. But you will prally pay more in insurance then the car is worth within a few years. Its your money do what you wish but when you get older you will wish you would have spent it elseware.

[2001300exguy]

i only plan on paying full coverage untill the small loan is payed off, hell ive paid several times more tahn what my s-10 is worth in just liability. my liability will actually be lower because it is a car, my buddy is paying 85 a month for a 96 cobra

[quadracer12]

when you get your loan check into a coverage from the bank to protect your loan value. that way you can only have liability. thats what i did when i was in high school. i had a brand new jeep and after some wrecks, tickets, and a DUI they wanted $770 a month. i paid a small amount for a insurance coverage on my loan and then liability. saved me over $300 a month.

by the way getting older rocks! ive cleaned up my act and now pay $35 a month for full coverage.