I’m looking for recommendations for affordable insurance companies! I’m 18, almost 19, and planning to get a 2016 Ford Mustang GT. My dad’s insurance company quoted me $1,800 per month, which seems really high. I would appreciate any suggestions, but please refrain from judging. Thanks!
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It’s understandable to find the quoted insurance cost surprising—sports cars can be quite expensive to insure, especially for younger drivers. Here are a few tips and some insurance companies that might offer more competitive rates:
Shop Around: Different insurance companies have different rates, so it’s worth getting quotes from several providers.
Consider Bundling Policies: If you have other insurances (like renters or health) that you can bundle with your auto insurance, you might secure a discount.
Look into Usage-Based Insurance: Some companies offer discounts if you agree to monitor your driving habits through a mobile app or device.
Increase Your Deductible: Opting for a higher deductible can lower your monthly premium, but make sure it’s something you can afford in case of an accident.
Take Driver Safety Courses: Completing a defensive driving course can sometimes lead to discounts on your insurance.
Recommendations: Some insurance companies known for competitive rates for young drivers are:
Additionally, consider reaching out to local agents, as they may have insights into specific discounts available for young drivers or first-time car owners. Good luck!