how much does insurance cost for a new young driver with a brand new car in newyork city?

Answer 1

Generally, it's going to cost about 1 1/2 to 2 times as much as the car, in monthly payments.

So if your car payment is $500 a month, the insurance will run you around $1,000 a month.

For a new driver - depending on the kind of car - budget between $8,000 and $16,000 a year for insurance. Unless it's a performance vehicle, or a car over $25,000, in which case, it's going to be more.

Answer 2

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RE How much does insurance cost for a new young driver with a brand new car in newyork city?

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Answer 3

If you under 26 the price is high. The price is based on your age, your driving record, claims history in your area/state, and the type of car you have (higher if on major list of cars that are stolen).

If you have car payments, then you must have more than just liability (miminum in most states) that includes collision and comprehensive. That will bring up the cost.

If you want to price check for different insurance policies, then I would recommend you go to Geico.com and they compare various companies OR you can call an independent insurance agent who will help you. But I recommend you use the same auto insurance company as your parents, since the agent will know your driving records, etc.

Answer 4

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Answer 5

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