You have just about enough saved to buy your first car.
And then your parents break the bad news that you're going to have fork over even extra money to get auto insurance for it.
The first question you're likely to ask is: Why do I need it? The short answer is because the law requires it.
But the more important fact to you personal is that if you get into an accident, you're likely to pay a lot more out of your own pocket for property damage and injuries than insurance premiums will cost you.
The second question that will come to mind is: How much is this going to cost me? And that is a tougher to answer because of many variables that will affect the cost of your policy.
Such as your driving record, type of vehicle, and even your grades can come into play.
Your auto insurance carrier (company) will go through a questionnaire with you to determine exactly how much your premiums are going to be.
Now for the good news If you educate yourself a little on auto insurance there are numerous tips and ways to save hundreds of dollars on the cost a year.
The first tip you can and should employ is: Shop around for your insurance.
Like with anything else you buy you want to get it for the lowest price.
Shopping for insurance can be done in a matter of minutes with the use of internet.
You go to a website that lets you input your information once and you will get quotes from multiply auto insurance companies for free.