How much will Insurance cost me? - Mustang Evolution

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Old 07-18-2011, 09:30 PM   #1
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How much will Insurance cost me?

I'm 16, and I want to buy the 2012 Ford Mustang GT. I live in a nice area where the auto theft is low. I live in nothern Ohio if that makes a difference. And my parents are not paying for my insurance. Can any 1 give be a ball park estimate on a 16 year old with a sports car?
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Old 07-18-2011, 10:07 PM   #2
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How much will Insurance cost me?

Pick up the telephone and ask an insurance agent! You will have quite a bit higher premium than usual, and that is partly due to your age, and partly due to the make and model of the car. Expect to be stunned!
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Old 07-18-2011, 10:41 PM   #3
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How much will Insurance cost me?

Too many factors to get a quote here, check with your parents' insurance agent (or try one of the on-line estimators). I would guestimate over $2,000 a year.
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Old 07-18-2011, 11:23 PM   #4
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How much will Insurance cost me?

A 16 yo with a brand new sports car? lol

I'll guess $2,000.
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Old 07-18-2011, 11:27 PM   #5
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How much will Insurance cost me?

Debbie, listen to your mom and dad. It is just not going to happen. How do you plan on paying for the car. The GT is going to be in the neighborhood of $40,000 +. Hopefully you already have saved for a decent down payment otherwise the monthly payment on the loan is going to be a back breaker. Oh, and the insurance for a 16 year old principal operator of a muscle car with "full coverage" is going to be around $400 per month.

Love that car though, you have great taste in automobiles.
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