So I'm starting a new job soon so I have been looking to find a used car that will be able to take me to work and to school which is 2 hours away from where I live, my current car is a 2006 Volkswagen Jetta 2.5L and has been giving my nothing but problems lately, and has been in and out of the shop so I'm worried about taking it far from home.
Today at lunch I went to price out a 2013 base Dodge Dart since I was interested, I was shocked to hear it would cost me 4955 a year to insure this car!! and its not even top of the line. That is with a clean driving record and being insured since I was 16. So I thought well how about the 2010 Ford Focus I looked at?? Its older. Nope still would cost me 4400 a year... So now I'm scratching my head, my insurance broker suggested I get a bigger vehicle to lower the rate, but that won't help when I'll be paying for more gas. I guess I'll have to use that difference instead for maintenance costs on the Volkswagen.
These prices are ridiculous compared to what I pay on my Jetta right now at 2575 a year, even when I got my car at 18 I paid no where close to those numbers, I do understand these cars are newer but why is the cost so high now even for cars of similar age to when I bought my Jetta used? I can afford it if I wanted too, I just cant justify those costs! It made me realize it would be even worse if I had infractions on my record.
So my question is how do you guys feel about insurance costs? Do you have something to share about your experiences with it?
I think most likely it's because you're still pretty young. I got my first car at 20, it was a 2001 so was 9 years old and mine was still always high. I did have one ticket for running a red light when I was in college, but nothing else. I do think I was on my parents insurance for a few years which helped.
Do you get safe driver discounts, good student discounts, etc? I get some of those (I graduated college in 2011 so not sure about the student one anymore.) lol But I also have Allstate and just paid it and it came out to $2300 a year.
Also, if you can afford to pay in 6 month intervals, it saves you about $80 for each 6 months, or that's been my experience.
If I were you, I'd get another older car, but reliable for cash if you can until you get older and have more income, and the insurance will be lower. I always wanted a newer car, but I waited it out until last year.
When I called for a quote when I was looking into buying it, I expected it to shoot way up. Because on my old car I didn't have collision or full coverage, rental reimbursement, etc anymore. But it went up about $40 a month and this was going from a 2001 base to a 2016 fully loaded larger car with full coverage. So I think your age is the big factor. Just save the money and when you get older, get you something really nice with it.