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Old 07-20-2011, 05:45 AM   #1
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How much would this car cost?

Hello, I was wondering hypothetically speaking, if I bought the new 2012 Ford Mustang GT. Im under 18 (I would use my moms credit). And how much is insurance on a sports car when you under 18? Im looking for a range for the insurance. I know people say I can't give you an answer because of blah blah blah get a quote. Like I was told like 150 a month? I live in a town in Northern Ohio low crime rate. You people think it would be like 100-300 a month?
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Old 07-20-2011, 06:43 AM   #2
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How much would this car cost?

The rate will only go down once you turn 25.
It will be right at $300 a month since the car will be financed and will need full comprehensive coverage. You might get a bit lower if you carry high deductibles of $500 to $1,000.
You are insuring among the most expensive and dangerous car there is out there !!!

If you had liability only (a paid off car) insurnce would be about 1/4 of that cost or even less. Google: Geico.com and get an insurance quote. Or ask your mom to call up and see if she can get a quote on that car through her insurance company
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Other answers are telling you about cars with no loans.
Also old cars. And maybe even safer cars
Not a 30 to 35,000 pocket rocket that is considered a teenage killer
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Old 07-20-2011, 06:58 AM   #3
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How much would this car cost?

You are one lucky person getting a mustang and 150 a month sounds reasonable
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Old 07-20-2011, 07:51 AM   #4
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How much would this car cost?

ouch. you are looking about $200-$400 a month for NE Ohio. Doesn't matter low-crime area, NE Ohio rates bleed you dry. You pay $$$ to insure a car of that value, especially higher since you are under 25. Plus, the only discount you would get is if you are a girl and a good student. Other than that you will pay pay pay. College would be a wiser choice than a expensive flashy car that will last less than eight years before it starts looking like crap. And don't forget, this car will guzzle up the gas. I'm not sure your model, but some will only take premium gas. can you say ........ cha-ching! a the pump!
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Old 07-20-2011, 08:08 AM   #5
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How much would this car cost?

Im getting a corvette to drive when im 16
And my insurance will be 1500/yearly
It is a 1994 corvette and idk about my 2010 one

Hope it helps
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