Is auto insurance expensive or inexpensive?

Answer 1

That all depends on your age your driving record and the type of car you drive. If you are older than 25 with let's say a 1990 full sized Dodge van paid off in full, with a 6 cylinder motor and you have the title to it in your name clean driving record no recent accidents in the past 5 years. You can expect a cheap monthly insurance payment. But let's say your 21 years old, your making payments on a brand new corvette & you've been in an accident a year ago before you bought it. And the accident was your fault. The title of the car will not be under your name because you are still paying for it, plus you can expect a high monthly insurance payment since it's a sports car lot's of power etc. Not to mention it's on your record about the accident you had the year before. You will be considered a high risk on a new hot rod. So the insurance will definitly be high!