Where can I find affordable full coverage if I want to finance a new Volkswagen Atlas?
I'm a 22-year-old male who wants to finance a new Volkswagen Atlas. My lender tells me I need full coverage. The cheapest quotes I found were over $500 a month. Where can I find the cheapest rates?
Answer provided by
Answered on Apr 16, 2021
“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.”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
How do I make a home insurance claim?
I'm a first-time homeowner and I've never had to make an insurance claim before. How do I report a claim?
Mar 05, 2021
How much money could I save if I pay off my $25,000 car loan early?
I owe $20,000 on my $25,000 loan. The current interest rate is five percent, and I still need to pay for 48 months. How much can I save if I pay my loan off early?
Apr 27, 2021
Do I need to buy supplemental liability insurance from a car rental company?
I'm planning on going on a few trips out west this year, and I don't have a car. I plan on renting one, but I also don't have insurance. Do I need to buy the rental car company's supplemental liability insurance?
May 04, 2021