Question:
Am I forced to have to buy full coverage? Or the minimum insurance? And if I am forced to have to get full coverage, how much are we talking about? Does anyone know any really good insurance companies that would charge less? I am 21, clean driving record, but no credit. I have been approved for the car though. But you know.. it's so I can take the ladies out. So I can't afford insane insurance, because that defeats the purpose of getting the car. Can anyone knowledgeable on insurance and dealerships help me out? All help is greatly appreciated.
Answers:
Will insurance company cover your transmission?
You have to have full coverage which is determined by the bank in which you are receiving financing. If you do not have insurance at any time during your loan, and the bank finds out, they will add money to your loan and charge you for their insurance. Also, you can sign up for an insurance binder when you do all the paperwork, and they'll charge you a flat fee for the first month. that will give you time to shop around for some insurance that you can afford. Mercury is good, AAA is the best I hear. Be careful driving though. I know it's exciting, but be careful...then your rates will go down when you're 25. I live in California, so I don't know if this helps you, but I hope so.You will have to have comprehensive insurance to cover the repairs to your car if you get into an accident.
There is more to buying a car than just shopping for the right car. You should also shop for the financing and shop for the insurance. You should be able to go on-line and search for insurance offers and maybe even the financing too. Call your bank and see what they can do for you. Call a bunch of different banks and see what the deal is. Call different insurance companies too if you are not satisfied with the on-line offers. Good luck with the purchase.
What do I do to get a driver's license?
I would try progressive first.not because they are the best.but because they are the easiest. And I have them. I used to have Shelter Insurance...or sheild of shelter, and I really liked them because they rewarded good drivers with no claims...which I am...If they are availible in your area I would check them out....If not (progressive)...they are a cop-out...but at least they are decent.you might also try allstate..I hear they give some good deals as well
Yes, whenever there is a lien on the vehicle, you are required to have full coverage insurance. Sometimes, the dealers can set you up with their insurance which the premiums would go in your car payment. The insurance is high, but your car payment would include your insurance making only one monthly bill.
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