Where can i get cheap auto insurance for an 18 year old student with a

Where can i get cheap auto insurance for an 18 year old student with a 2000 mustang?

Well this may sound like a long shot, but I just recently bought my son a 2000 Ford Mustang, Now its insurance time, hes 18, gets A?s in school and has had drivers ed. Why do the quotes from Progressive and esurance estimate its going to cost nearly $500 a month, even with a 1990 honda junker it still cost nearly $400 do these prices seem reasonable, i cant recall them being that high, when i first got insurance, thanks.

You can compare quotes from different companies for free at: Usa insurance quotes

Look at State Farm and other insurers who offer a ?good student? discount. One strike against you on the premium is the fact that you bought a Mustang. This is considered a sports car in vehicle ratings (IRG) and add to that an 18 year old single male and it causes actuaries everywhere to shudder. Those are all high risk elements when figuring a premium. However, if he?s in your household and you have multiple policies with the same company and he?s got the grades AND you have a good claim history with no accidents, that will give you the best rate. If he didn?t have a car that had to carry collision coverage, it would be a lot cheaper but what?s done is done. No matter the cost, be sure he has at least $100,000/$300,000 liability limits.
Sports car, 18 year old ? nope, there is no cheap insurance.

If you are looking to put him on his own policy, many insurance companies won?t take him at all. You?re best bet is to add him to your insurance policy. But it still won?t be cheap.
5 years ago
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The terms ?18 year old? and ?cheap auto insurance? NEVER go together.

You also purchased a ?performance? vehicle for your son. Expect to pay a lot for the insurance. Those rates will go up with the first accident or ticket.

Let your son know all of this.
source:Where can i get cheap auto insurance for an 18 year old student with a 2000 mustang? texas car insurance

Source: http://www.southernontheinside.com/where-can-i-get-cheap-auto-insurance-for-an-18-year-old-student-with-a-2000-mustang-question/

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