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The cost depends on what kind of car you are driving and what coverage you have. It is usually less when you get added to your parents policy. You can usually pick up their discounts. Speak to their insuarance agent for quotes BEFORE you buy a car. And, just get an old car and pay cash so you can choose the coverages you want. I always suggest uninsured motorist especially if you live in California and comprehensive. And, of course liabililty is always required by law.
Parents can put children on their policy, but the premium will still be high. The only way around paying high premiums is to not have any accidents or tickets before you are 21. You are in the highest risk group by far and rates reflect that.
Buy a USED car you can pay for in CASH. I guarantee the 6 month premium on a $5000 car won't be anywhere near $5000.Trying to buy a $50,000 car at 18 is your problem.
Thats crazy. Ive never heard of insurance that high. Geez all you got to do is have your car on your parents policy. And pay them . I dont care where you live insurance is not going to that high in any state for one car even if you are under 25.
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"Is there a way to get around this! Possibly put it In a parents name and then pay insurance under their policy?"Sure, if your parents have an insurable interest in the vehicle.
What state are you in?Year, make, model and price of target vehicle.Are you paying cash or getting a loan?Liability only or Liability and Comp and Collusion? If C/C what is the deductible.You could buy the car jointly with your parent and then have them add the vehicle to their policy, which should lower the cost, but if this is say a third vehicle, 1 to mom, 2 to dad, 3 to you, then you will be assigned vehicle 3, and those rates might be close to if you just were the single owner with your own policy.Note the main issue here is you are a joint owner. And when you are and your parents get into a dispute, about any issue, which will happen, they will then decide to never sign the vehicle over to you. I see it happen ALL the time.
The price of car insurance is based on where the driver lives. The way around paying what car insurance costs where you live is to move to a place where car insurance costs less.
At age 18 insurance will always be expensive since you are a teen, thus most teens till age 25 will have accidents-usually 2 to 3.You don’t state if this car you are buying is cash or if you plan to finance it. If you finance it, then you are required to purchase both collision and comprehensive till the car is paid off to protect the lender, which could double the cost vs just liability only.When you buy a car, then the insurance MUST be in the name of the owner. So if your dad was to buy it, then could have in his name which might lower the cost (some) but he would have to list you as the main driver, which is where they will rate you, since age 18. If he had in his name only and did not list you as the main driver, then you would be uninsured if in an accident, since you have to list (who) the main driver is for (this) car.But insurance rates are based on age, past driving history which includes any prior accidents and tickets, plus (zip code) of where you live and credit history. If you live in the state of MI, then you are screwed, since they have one of the highest cost to insure (any) car be it for a teen or an adult.But it appears you live in MS or somewhere south, so my guess is that you have had other accidents/tickets, or you live in a high risk area.You have left out a lot of facts, so we are only guessing.
You don't say what kink of car you have - it matters, a lot. But chek with your parents' agent if they're ok with having you on their policy. It'll still be expensive, but maybe not that much.
Everyone is going to give you a different answer. The reason is because the rules change from one state to the other. So anything I tell you here is probably wrong. The person to talk to is your parents insurance agent. Or just talk to any insurance agent in your state.If you live in Michigan the best thing to do is to put the car in your parents name and then add yourself as a driver. The other option is to go into the high risk pool. That will be a little cheaper then what you've been quoted, but it'll still be high.
Unless you have a Rolls Royce why is insurance so high? You get a regular policy for a year, which you can cancel any time. It is cheaper for car to also be in parent's name and they can use their insurance.
No, that's called insurance fraud. However, 5k is ridiculous. It must be a sports car.
You can get a cheaper car and insurance will be cheaper too.
You can see about having your parents buy the car, in their name, and adding it to their insurance. This might keep the costs a little lower for you.However, that's a big number and I bet you have something on your record or a suspended driver in your household...Contact local agents for quotes...or call an 800# and speak to someone who has never even set foot in your state...
Young people typically have a lot more accidents, so, they pay a lot more for insurance. That's just the way it is, and there is nothing you can do but shop around for the best rates.
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