18 Year Old Male Car Insurance!?!?
I'm looking at a 2012 Toyota Tacoma Double Cab 4WD. I have no accidents, no tickets, and good grades. However, State Farm is quoting me $480 a month for the following:
Comprehensive ($2,000 Deductible)
Collision ($2,000 Deductible)
$25,000/$50,000 Uninsured Coverage
Emergency Road Service
This seems absurd for such a car. In 42 Months (Well before paying off the car) I would have already paid more in insurance than such a car would even be worth (About $20,000). Any idea why this is, and how I can make this cheaper? The $400/month or so car payment I could manage, but adding this absurd insurance wouldn't make it work. The problem is, most any 4WD vehicle under $10,000 or so are often so beat up you're not going to get much life out of them.