“Unfortunately, $500 a month might be a decent price considering your age and the fact that you need full coverage.
Full-coverage insurance typically includes comprehensive coverage
, collision coverage
, and liability coverage
. That’s why it’s so much more expensive compared to other options with less coverage. Before you pull the trigger on a policy, ask yourself this: do you want to pay $500 a month in insurance, plus the car payment, over the next five or so years? Can you afford it? A better idea might be to pay cash for a vehicle and then get liability insurance until you have money saved or a good job.
If you can still afford and want the vehicle, your best bet is to go on your parents’ insurance, which will probably be cheaper than getting your own policy.
If this isn’t an option for you, then you need to keep shopping. Get as many quotes as you can from carriers you haven’t approached yet to find a more affordable rate.”