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Car Insurance?

September 12th, 2009 | | Tags: | 4 Comments | |

coinsandgrpahs

I am planning to buy a used 1992 Honda Prelude for ,700.00. How does the work? Does the price of the car that I paid or the retail price, plays as a factor of how much I would have to pay monthly for . What company would be the best for a new driver with his G2 merely? Does anybody have an idea of how much it may price me (approximately monthly) for the ? What other fees or price may I have to pay for?

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4 Responses to “Car Insurance?”

  1. Kasey C Says:
     September 12th, 2009 at 5:00 am

    Insurance cost depends on a LOT of factors, which includes but may NOT be limited to:

    * make, model, trim, and year of car
    * optional equipment in the car (ABS, traction control, etc.)
    * theft deterrent equipment in car (alarm, Lojack, etc.)
    * other equipment in car (fire extinguisher, emergency kit, etc.)
    * location where it is stored
    * mileage driven per month
    * where you drive to and from
    * your age
    * your driving record
    * your gender
    * your profession / job
    * amount of coverage you are buying
    * type of coverage your are buying
    * and more

    You should get quotes from as many companies as possible.

    Honda Prelude is considered a 2-door sports coupe, so insurance will be higher than, say a Ford Taurus GL of same year.

    Contact a local agent. I personally went with AllState and my agent was quite helpful. Others deal direct with companies like 21st Century, GEICO, Progressive, and so on. It’s all up to you. Just make sure you compare the same coverage across different companies.

  2. p37ry Says:
     September 12th, 2009 at 5:00 am

    The cost of insurance is based mainly on the safety of your car and your driving record.

    Here (in the states) younger drivers pay higher premiums, and in some places are required to carry full coverage.

    You can check online for price quotes. See my sources for details.

  3. Red Says:
     September 12th, 2009 at 5:00 am

    In another question of yours, I answered that you should look arund for a better purchase.As this car has too much mileage and asking too much for the car.Insurance on a used car is not based on purchase amount.Mainly upon what kind of car, how much safety factors like seatbelts,does it have anti-lock brakes, airbags? and the amount of experience you have as a driver, your age, what you are using the car for.So as you see, you will get a suggested price for ins.But it too will change even after you sign up with them.Some ins companies even charge a fee for you not having insurance prior to you getting some.Amounts will also be as to what kind of coverage will you have.Just Liability?Colision?Theft?Vandalism? So you want to shop around for insurance just like you are doing for a car.Do not shop online though.Your best bet is with a local agent.

  4. oklatom Says:
     September 12th, 2009 at 5:00 am

    See the link below for some factors in pricing insurance rates. As to what they use, it will be not retail nor what you paid, but the worth of the vehicle adjusted for condition.

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