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How could car insurance cost more a month than the value of the car?

Friday, June 17th, 2011
James asked:


Yes I’m under 21, No I don’t have a single ticket , or driving violation . How could insurance on a 500 dollar cherokee cost 290$ a month? In two months thats the value of the car! Its BS there has to be a way to get insurance for cheaper than that. Anybody know of any place? And please don’t say Classic insurance as all of them you have to be 25 or older.
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