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- How could car insurance cost more a month than the value of the car?
April 15th, 2010 at 11:51 pm
What kind of car? Which coverages? What’s the credit score of the policyholder? Those are more imporant than the GPA.
**If you’re not in a major metropolitan area, or NJ, LOL, and you don’t have your own car, likely it’s going to be about $50 a month extra for you. If you DO Have your own car, for liability only, it’s going to be about $100 a month or so, on your parent’s policy. If you need full coverage, it’s likely going to be $200 a month. If you do it on your own, it’s probably going to be $200 a month.**
April 17th, 2010 at 7:01 am
i assume you are wanting liability only. your looking at 300-600 a month depending on other factors. its high for a 16 yr old. have your parents call their agent and see what it would cost to add you and the car. they should be able to tell them the exact amount