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
“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.”
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Eric Schad
Answered on Apr 16, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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