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Posted in Auto Insurance
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chrispy4

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1st time auto insurance buyer
I am interested in purchasing a brand new chevy l=malibu valued at around 21,000. How much should I expect to pay for auto insurance monthly under full coverage? I don't want to get bamboozled.

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Depends on where you live, how old you are, your marital status, the vehicle (not its price, but type, age, etc) and your traffic record. If you're a 19-year-old single guy in New York City who had an accident and three tickets in the past two years and want to insure a shiny new Mercedes Benz, you will pay through the nose. If you're a 50-year-old empty-nester in BFE Wyoming with a perfect record and driving a beat-up old 2002 minivan, you'll pay next to nothing. When I was a punk kid in uniform stationed in Las Vegas, single, and driving a brand-new Jeep Wrangler fresh off the lot? My insurance payment was practically as big as the loan payment. Now I live in rural Oregon and drive one of two used vehicles that my wife and I own free and clear... and I pay more for cigarettes each month than I do for full-coverage insurance on both vehicles (that is, practically nothing). Long story short, you're probably going to have to ask an insurance agent (or two, preferably 3-4 different ones so that you can get some quotes and find the best price/coverage/etc.)

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