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How much does it cost to insure your new car?
I want to buy a new car. I currently drive an old beater that pretty much on it's last legs. One thing i liked about driving the beater was the cheap insurance i am only paying $230 every 6 months. If i do decide to get a new car with full coverage how much would i pay more?
13 Answers
- ?Lv 62 weeks ago
But if you're just trying to get a ballpark figure about how much people pay for coverage, you're in luck. The average cost of auto insurance in the U.S. is around $1,134 per year (or about $95 per month), according to a report from the National Association of Insurance Commissioners.
Source(s): https://vapedubai.org/ - Anonymous2 weeks ago
Collision insurance is based on the VALUE of the vehicle. Care to share that, or shall I guess?
- FLv 73 weeks ago
I don’t know how US car insurance works, but in the U.K. , most of what you pay is to cover a major accident and someone getting killed and the liability for that which could run into 1000s.
To that end the type of car and your driving record has a much bigger effect on your premium than the value of the car.
- ?Lv 73 weeks ago
What it costs to insure MY new car has nothing to do with what it might cost YOU to insure YOUR new car. Insurance premiums are based on personal information, it is not one price for everyone.
- regeruggedLv 73 weeks ago
All of your previous answers are correct. I have a vehicle valued at about $21,000. I pay $560 per year for collision and comprehensive coverage, with a $1,000 deductible on both.
- ?Lv 63 weeks ago
No one here can possibly tell you what some insurance company will charge you. You need to ask some insurance companies. First though, you need to tell them the make, model and year of the car that you want to insure.
- Anonymous3 weeks ago
Expect to pay over $400 a month for car payment and insurance if you are buying a car over $20k.
- Anonymous3 weeks ago
We cannot tell you, but this is not rocket science. Call your insurance company, tell them what you want to buy, and they'll give you a quote. You might also check with a broker than handles multiple companies and see if you can get a better rate. Quotes are free.