| computeruser |
05-11-2015 12:19 PM |
Depends on a lot of factors. Geographic location and coverage limits will certainly play into it a lot, but age and lack of an established safe driving history will be a huge consideration. Make some phone calls, or better yet, have your parents do it - you might be able to join on to their policy at a more tolerable price, especially if they have other coverage through the same insurer already - home, liability, professional malpractice, other vehicles, etc. Until you have those numbers in front of you, it's just speculation.
My wife was the victim in a really bad car accident a few years back - other driver crossed the yellow line at high speed and very nearly killed her as she drove along, minding her own business - so I'm a huge fan of super-comprehensive auto insurance because it literally saved her life. You would be amazed how much rehabilitation/recuperation care health insurance won't cover, even first-rate health coverage; health insurance will keep you from dying, but it won't get you back to 100% so you can get back to living your life as you did pre-accident. So trimming your insurance bills by skipping out on health excess coverage and things of that sort is false economy in the truest sense of the term. But there comes a point of diminishing returns and paying $400+ per month to insure you at age 16 (likely with mediocre coverage), versus $100/month for me at 36 (with $1m in liability, injury, un/under-insured, Michigan's lifetime accident-related medical coverage, etc.), just doesn't make sound economic sense.
The truth is that there's a lot of other stuff you (or your parents) could be doing with that $400+ per month, or at least the excess portion you have to pay to drive a new or nearly-new Twin at 16 years of age. I say this not to be a downer, but to be a realist. These cars are nifty and fun, no question, but are they so much fun as to justify $400+ per month in insurance cost? No, absolutely not.
Anyway, definitely update us on what you decide and how the insurance coverage and costs end up shaking out. It wasn't so long ago that I was your age, driving an AMC Eagle in the wintertime and an MG Midget the rest of the year, and I'd be interested to see what they quote you and what level of coverage comes with that quote.
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