How much would insurance be on a Mustang?
I'm 16 and looking for a first car. On a 15k budget(would like to keep it under) and the Mustang is really appealing. So the one I'm looking at now is a 2011 Ford Mustang with a V6, no premium or deluxe or anything, just base model. I live in Texas and completed Safeway Driving course about a year ago which gives me a 10% discount and another 5% for passing their drug and alcohol course. I believe I also get the good student discount my dad was telling me about cause I have high b's and a's. I'm not looking for an exact number just an approx.
Thanks!
Added (1). Link to the one I'm looking at---> http://www.cargurus.com/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?sourceContext=RecentSearches_false_0&newSearchFromOverviewPage=true&cgLocale=&inventorySearchWidgetType=AUTO&entitySelectingHelper.selectedEntity=c22072&entitySelectingHelper.selectedEntity2=c23252&zip=77345&distance=MILES_500&searchChanged=true&maxAccidents=0&showNegotiable=false&hideFrameDamaged=true&maxPrice=16000&modelChanged=false&filtersModified=true#listing=9196206
Added (2). There isn't a big price gap between the 2005-2011 plus you get better mpg with ones from 2011+
First of all, you should start by looking on craigslist for a similar car. The prices can be much cheaper due to no resale factors in it, just owners trying to directly sell to someone else. I wouldn't recommend getting such an expensive car just yet. Parking at school can give you some serious door nicks, I have many on my car from parking at my school. And plus, you wouldn't want to have an accident because then your expensive car is trash. Look into buying a car for around 6 or 8 k. But the insurance on that wouldn't be much more than a regular car, it is the driving insurance that will kill your money.
Sports car + teenager = plenty.
get a crown vic w/4.6lv8. Big/fast 4-door (cop motor) = cheaper + safer (and dad can borrow + fill tank)(laughing). Wait till you're older/more experienced because it will get dinged-up.
A LOT! Doesn't matter how old the car you have is if i's a mustang and you're a teenager it's going to be a small fortune!
But if you really want an actual number you'll have to ask an actual insurance agent
I did an anonymous quote at thegeneral.com for a female, living at home, born January 1, 1998, living in Dallas and financing a 2011 Mustang coupe, 6 cylinder (not GT). I assumed all the best except "average" credit. The quote is $849.53 per month, $856.47 to start.
Thegeneral is not going to be the best price but at least you can get an idea. It is unlikely it would come in below $700 per month because the car is being financed and has to be covered for collision.
Don't despair. The Mustang is too rich for any new driver. Insurance statistics say an average new driver has a 60% chance of wrecking their car in the first year, 80% in the first three years. That is why the high premiums. It is not about being a good or bad driver but about the steep learning curve for driving in traffic. I made it into the third year without wrecking the car; my younger brother - a good driver - made it less than a mile from home before a drunk nailed his car. An experienced driver would have seen it coming.
Anyway, new drivers should have old cars. I always recommend an older (2004+) Focus. Cheap to buy, cheap to insure, cheap to feed and maintain. The same quote, for a 2004 Focus that is owned outright (not being financed), is $280.46 per month… A lot, but at least possible.
I should mention the rates will be considerably lower if you are not in a city.
Why don't you simply call an insurance broker?
The rate will depend a LOT of where you live, how much you drive and other things that one would have to ask to answer.
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