Wow, car insurance is like 3-4 times more expensive than car payments.?
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Wow, car insurance is like 3-4 times more expensive than car payments.?
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I was looking to lease a new lexus is 250 which would cost me 369 a month but i went to get a quote from geico, it said that the insurance would cost about 1600 a month. I think that is pretty insane considering you could finance a porshe 911 for that much money.
I am 20 and got my license last summer. is there a time period when the cost of insurance goes down?
Additional Details
Its 1600 per MONTH, not 6 months
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LT
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I don't pay that much in a year for 4 cars, 3 with full coverage. Now I know the kind of car and your age makes a difference, but $1600 a month does not make sense. Check with other insurance company's and get their quote. Try State Farm, Farm Bureau, and there are a lot of independent agents who can give you a quote. Good luck as I am sure you can get insurance for a lot less. |
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whalenfree
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The problem is the insurance company does not want to insure you or your lexus. They think that if they price the insurance so insanely high you won't go for it. Try another insurance company...rates fluctuate all over the place. Another thing to do before deciding on a car is to check how much the insurance is on that model. I can understand the insurance company's point of view...NEW DRIVER...NEW LEXUS...OH NO!!! Insurance goes down when you reach 25 or get married and have kids...not a good reason to do that. |
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whynot
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that seems high but your also 20 w/ a Lexus. maybe it 1600 for 6 months |
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micah c
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I work for an insurance agency in California and in this state your insurance premium goes down as you attain more driving experience. It usually goes down after 5 years of driving and it goes down significantly after 9 years of driving. They base it off of when you become of age to obtain a drivers license which is 16 in California. |
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buttrfly52
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When you have had your license for 3 years, some companies will give you a discount. Also, if you have had insurance continuously for 3 years. Just to get an idea, put in the same information but, make yourself 3-5 years older and have had insurance and license for 3 years. Also check with Progressive. |
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Lori B
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You need to find a vehicle that is less costly to insure or you can move to where the insurance rates aren't so high until you get older. |
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God
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please try this <a href="http://www.anrdoezrs.net/click-174... target="_top">help!</a>
<img src="http://www.lduhtrp.net/image-174819... width="1" height="1" border="0"/> |
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ablair67
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I am 20 and got my license last summer.
Right there is your problem. you're still a new driver, yes rates will go down as you get more years of driving experience. IF you don't have accidents or speeding tickets. |
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jon_mac_usa_007
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After you past 30,
I know it's so easy a caveman can do it, but why didn't you call any other insurance companies? |
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