It’s illegal to drive a vehicle without insurance coverage. If you get pulled over without it, you will pay a hefty fine and could possibly have your car impounded in some areas of the country.
Auto insurance is one of the most overlooked areas when buying a vehicle even for people who have bought several vehicles over their lifetime. It can be a real surprise finding out after buying your first car, your monthly insurance payment is actually more than your car payment.
Car insurance can be very expensive for young drivers, especially for teenagers. One factor is the age of the driver. The younger you are, the less experience you have behind the wheel.
The rate you’ll pay also depends on how new the vehicle is, the area you live, the average miles you drive annually and the type of vehicle you purchase. The more sporty the car, the higher the premium, the same rings true with engine size also. A policy on a new vehicle for a young driver is outrageously high.
Shop and compare coverage by getting a few free quotes online before making a decision. Once you find a quote on the vehicle you’re considering, add the cost to your monthly ownership budget.
If you find insurance coverage too high, there is a cheaper route. You can ask your parents to add you to their policy. Tell them you’ll pay the difference and whatever you do drive carefully.
My car insurance section will help you understand about secret insurance discounts, insurance myths and where to find free online rate quotes.