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How do I calculate my car insurance payment?
I'd like to get my own insurance. I'm currently insured on my parents' policy. How would I calculate my car insurance payment?
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Getting your own
car insurance
is a big step in your independence and a part of growing up. If you’d like to know how much you’ll pay for insurance, request car insurance quotes
with different companies.Since you are on your parents’ policy, you should check with their company first. You may receive a lower rate since you’re on a policy with them. When requesting a quote, the insurer can tell you how much your
down payment
, monthly payment, and policy premium might be.When looking at other insurers, provide them with your information. Every insurer will need your:
- Full name
- Date of birth
- Address
- Driver’s license number
- Vehicle identification number (VIN)
They may also ask for your Social Security number or additional information for the most accurate rate. Like with your parents’ insurance, your quote will include your downpayment, monthly payment, and total policy premium.
If you want cheap car insurance quotes fast, go to Jerry. As a licensed broker that offers end-to-end support, the free
Jerry
app gathers affordable quotes, helps you switch plans, and even cancels your old policy for you.”View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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