I am 16 years old and my parents want too buy me a Nissan 350z but the only problem is the insurance is $3,200 every 6 months. I know im yound and its a sports car but is it really suppose to be that high priced? We have checked in many big car insurance companies but they all seem too be around at the same price for full comverage. Is there any company anyone knows of that isnt at such an outrageous price? & is this normal that its so high?
It’s not that high, if you carry liability ONLY. But that means, you need to pay cash for the car.
Yes, if a 16 year old needs full coverage on a car that’s worth more than $5,000, it’s not unreasonable to expect to pay $6,000 a year for it.
If you look at the premium breakdown, the COLLISION coverage, only the collision, is more than HALF of that. Drop the collision, cut the cost in half. Or more.