Insurance on a Mustang.?
Question: I wanted to know if insurance on a new mustang for a 16 year old boy would be expensive. If you could give me a price, it would be much appreciated.
Best Answers: Insurance on a Mustang.?
Definitely! The fact that it's a 16 year old boy means any insurance is going to be expensive. When you add a brand new mustang into the mix, the prices will skyrocket. No one can really give you an accurate price without all your details. Use a couple of the free quote services available and get quotes online. You can run the quotes on a new mustang and then run them again for a more sedate older vehicle and get a good idea of the difference. There are ways to help reduce the premiums for young drivers. Good grades, defensive driving course, being added to the parent's policy, multiple vehicle discounts, safety features, etc., all can help. Once you get the online quotes talk to your (or your parents) current agent and see if they can beat it. They often will. Just be prepared to choke on the numbers. If the young man in question stays out of 'trouble' his first few years, the rates will come down. At least that is a light at the end of the tunnel. :)
Well, the actual insurance would be much higher on the old one because it has no modern safety features like disc brakes, ABS, stability control, airbags, etc. But you would save a lot on registration because for old cars it's like $20 to register.
I might suggest you to try this web page where onel can compare quotes from different companies: http://INSURECOMPAREQUOTES.US/index.html... RE :Insurance on a Mustang.? I wanted to know if insurance on a new mustang for a 16 year old boy would be expensive. If you could give me a price, it would be much appreciated. Follow 3 answers
well like u said, it will go up with a younger car versus a '98. but there are a lot of things that u can only find out by quoting a car. ur young, that will up the price. ur a good driver, that downs the price. ur a student, that downs the price. where u live city/rural, ups/downs the price respectively. the fact that its a sports car and not a family car makes it more susceptible to theft, ups the price. its a domestic car, downs the price. not sure if this affects insurance, but: its rear wheel drive, the drive and steering shafts are separate making for easier and cheaper repairs, downs the price (also a reason why domestic vs. imports are BETTER!!!!!) multiple cars/single car, downs/ups the price respectively. also, insurance companies are taking into account ur credit, so if u have good credit, u get another discount on premiums. its engine is smaller than the GT's V8, so the less power cuts down on the risk that you'll wreck it. u said that IF u got full coverage on ur car now....but getting a loan on a new car, insurance REQUIRES that you get full coverage until its paid off. so a new, sports car driven by a younger driver will drive the cost way up. my advice: get an older Mustang, something like 4th G unless u prefer another body style. Second half of the 4th G ('99-'04) is just my preference :) i realize with this question that u might be in the same boat as me, but its worth a shot if u can answer my question for me :) http://answers.yahoo.com/question/index;... EDIT: u wouldn't want to get full coverage on a 12 year old car anyway, its not worth the cost. again, i say save up for a car that u can pay in cash or get a smaller car loan. Mustangs all the way!!!
Yes, it WILL be expensive--no two ways about it. If it's a performance model, it will be even worse. It would be far cheaper to get him a "beater", an older car that won't need comp/collision coverage, because that for a 16-year-old, on top of the liability premiums, will be ghastly. When I was an agent, I used to call that "vacation money."
At age 15 there is not an insurance company on earth that will insure you you are not old enough to have a drivers licence yet. After you receive you drivers licence you will be able to get insurance but it will be quite expensive. The price will go down with the best rate being after you turn 25 and are accident free. Another fact is cars with 2 doors are always more expensive to insure than a car with 4 doors. The insurance companies rate them as sport cars and a higher risk.
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