How much do you pay a month in auto insurance?

by hirby

Ok i am 23 years old..i live in the city. i was interested in getting a dodge charger r/t.. hemi included..anyhow, i called to get an insurance quote and they told me that i’d have to put 1000 down and pay 800 a month in auto insurance alone. i think that is so crazy. but if i move 20 minutes away i’d pay 550. i am so frustrated because i know that my age is working against me. my brother is financing a 2000 bonneville ssei and he is only paying 340 a month and he is 21. do you think the year and model of the car is what made the quote so high? what kinda car do you have and what is your monthly ins cost?

What company was it that gave you that very high quote? If it was a local company, you might want to get quotes from the national brands, such as Geico, Progressive, Esurance, State Farm, Nationwide. One, or all of them should be able to do better than the rate that you were quoted. If you are interested in getting rate quotes from all of them in one place, I’d recommend using http://YourCarInsuranceQuote.com this site will give you quotes from all of the major companies, and their form is really easy to use, you just have to enter your zip code to get started.

Source: How much do you pay a month in auto insurance?

How to maximize the benefits of financing

10.08.10

YOU’VE FOUND the right car for your needs and your budget. Now, it’s time to find the right way to pay for it. And if you’re like most people, you will certainly opt not to pay up front with cash.

While paying in cash certainly eliminates the costs of interest and finance fees, it may not be wise to spend hard-earned cash on an asset that declines in value over time.

It is definitely not an investment.

Besides prudence dictates that one should not totally clean out savings and to have enough money in hand in case of an emergency.

So the next best option available is to buy that new car through financing, which could be through a bank or through the financing arm of the automaker.

While it’s true that the pleasure of getting a new car can be quickly clouded during the financing decision-making process and price negotiations, here are some pointers that might somehow help you speed up the process.

Estimate your payments—Before heading out to the dealership, check its website for a financing calculator, which is a simple yet powerful tool that can help you arrive at an estimated price range in which you should shop.

Source: Inquirer.net