I am 16 years old and I have no job currently but I am getting one this week… it is half way through summer holidays and at first I was just going to drive my dads car cause insurance alone for me is 3800$ year because my dad is a single parent. But going into grade 11 I want to drive a car and I seen a beater for about 500$ volkswagen still running good, but Is it true that you need to put down a quarter or half of the insurance to start off? What do you think I should do about any of this ….. thanks
RSS feed for comments on this post. TrackBack URL
March 9, 2010 @ 3:29 am
Sometimes insurance companies will let you pay the premium on a monthly basis. See if you can be put on your dad’s policy (but of course, make SURE you pay him monthly for your portion) OR see if you can get a good student discount (lots of insurance agencies provide that).
Will you make enough to cover a monthly payment? At $3.8K per year, that’s a bit over $200/month…
March 9, 2010 @ 4:10 am
i didnt have too
i pay like 160 a month for 2 cars
now if u just get liability and its a old beatup one its going to be anywhere between 20-100 for a month depends on ur record.
March 9, 2010 @ 4:55 am
well, if you are getting a job, then it’s no big deal about the money.
But shopping around will get you cheap insurance
I’ve bookmarked this sites to go back to, it’s free to get quotes
http://gsx1.com/InsuranceComparison.html
http://gsx1.com/Car-Insurance/100.php
http://finance.ebookorama.com/ukusa-selected-resources.php