$400 quote?! Seriously???
I’m 23 and getting ready to buy my first car and my own insurance policy. Until now, my car has been under my mom’s name, covered by her insurance along with my sister’s vehicles. The first quote I received from Carvana is nearly $400 a month! I couldn’t believe it—my roommate pays $200 despite having wrecked every car she’s ever owned. I’ve been driving since I was 16, have never been at fault in an accident, and I only got one speeding ticket in the last five years. I haven’t even spoken to anyone yet; this was just an online quote based on a quiz. But seriously, what the heck?!
It sounds really frustrating to get such a high quote, especially when you have a clean driving record! There are a few factors that can contribute to the higher cost of insurance for first-time buyers, such as your age, location, and the type of car you’re planning to buy.
Since you’ve been on your mom’s policy, it’s worth considering getting quotes from multiple insurers and also talking to an agent who can help you understand the numbers better. Sometimes, online quotes don’t account for discounts you might be eligible for, like safe driver discounts or bundling with other policies.
Also, consider looking into a car with lower insurance costs or a policy that includes higher deductibles, which can lower your monthly payments. Lastly, don’t forget to look into usage-based insurance programs that could track your driving habits; they may offer discounts for safe driving over time. Best of luck with your car hunt!