Hey guys,

New to the forums and starting my opening to the forums with a question.
I'm about to receive the very first car in my name; a 6MT 2004 G35 Coupe. I'm 18 years old and turning 19 on the 14th of this month.

My question to you guys is how much do you think insurance will be for me? The car is running 10,000USD, but my dad believes he'll be able to get them lower considering it's coming from a dealership. More aside, I plan on picking it up next week and as my dad has told me, I'm going to HAVE to pay full coverage on it. From my little understanding, there's a bunch of different ways you can get "full coverage", I'm very ignorant in this situation.

From your guys' experience, what do you think I should do in this situation so that I can have my G insured for what it's worth that the bank will allow, since I'm gonna have to do payments. I don't want to have to pay TOO much for something that ultimately isn't worth it. I'm afraid to ask the insurance companies because I feel like they're no matter what out for my money and gonna tell me the most expensive way out no matter what in the act to get my money.

Also a college student who works 60 hours a week and makes 8 dollars an hour, if that matters. Thanks guys.

 

Unfortunately, insurance is based on too many variables such as age, gender, zip code, vehicle, driving record, amount of coverage, deductible and.....yup.....credit. I would definitely shop around and see who offers the best rate. Keep in mind, your premium will be lower with a higher deductible, but that also means in the event something happens, you're out that money.

 

Just do the leg work and call several insurance companies. There is no way around it if that's what the bank loan stipulates. I will say this though... at 60 hours a week for $8 an hour... I don't think this is a "smart" move. The cost on these escalates quickly if a problem arises.

 

Insurance will be $425,000 per year based on your driving record, credit score, vehicle, insurance coverage and age.

15 minutes could save you 15% or more if you call me.

 

No need to call around. USAA is the cheapest.

 

If you have no priors Geico usually gives the best rates. My friends dad worked there and he said they don't pick up anyone with a bad record. Thats how they keep the cost down.

 

I'm 18 and I picked up an 06 g35 sedan 6mt a couple months ago I'm under my parents insurance but I'm still paying $350 for full coverage with all state

 

What the F**K? Your 18 get off your parents insurance and go down to 100$ a month.

 

According to who?! I tried getting my own insurance it would only go up

 

My first car years ago was a 2005 Sedan AT, For the wild price of 100$ a month at 18 in Ohio. I don't see how the same car can have such an outrageous difference in price.

 

Good for you! And obviously the area as well as the company would make a difference

 

Zipcode makes a huge difference. When I was in college in Arizona, I was paying 80 a month for full coverage. When I moved to DC after graduation and changed my zipcode, it went up to 160 a month for exact same coverage.

 

Looks like I'm gonna be selling my arms and legs for this one guys.

 

A lot of places have an online quote system. Or even find an insurance agent and get a quote. Auto insurance is basically a commodity and is sold almost entirely on price. Companies will usually get you the minimum coverage required just to get the quote looking good, so I wouldn't worry too much about getting scammed. But shop around; prices can vary as much as 100% or more depending on your situation and which company it is. They use the same statistics, but have different standards for who they want to insure and price is how they get their pool right. ie, if one company comes in double everyone else, you're not their ideal customer.

 

On the real note though guys, thanks for all the feedback.