How could car insurance cost more a month than the value of the car?
Question by James: How could car insurance cost more a month than the value of the car?
Yes I'm under 21, No I don't have a single ticket , or driving violation . How could insurance on a 500 dollar cherokee cost 290$ a month? In two months thats the value of the car! Its BS there has to be a way to get insurance for cheaper than that. Anybody know of any place? And please don't say Classic insurance as all of them you have to be 25 or older.
Best answer:
Answer by rkbtoo
its not just the value of the car that matters. even a $ 500 car can kill someone cause permanent injury or extensive property damage thats why its high
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