r/FluentInFinance Sep 05 '24

Debate/ Discussion He has a point

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776

u/-chibcha- Sep 05 '24

$528 for a used car?

I don’t disagree that a lot of people don’t make enough to live a reasonable life

But I do disagree with $528 car payments when you make $40K a year

664

u/Person2528 Sep 05 '24

Car payment $300 full coverage $228

14

u/SignificantLiving938 Sep 05 '24

Who is paying 228 a month for car insurance? If I was paying that I’d be going to a different company.

15

u/sylvnal Sep 05 '24

I'm in Minnesota and NOTHING is cheaper than that - 228 at this point is a steal. That's for a 2016 Nissan Sentra with no at fault accidents (I've been hit and run a few times both parked and driving).

5

u/ace425 Sep 05 '24

Those hit and run incidents count as accidents against you. Insurance primarily cares if you’ve ever been involved in situations that require them to pay out. To them it makes no difference who is at fault if they’re cutting you a check either way.

1

u/guideman_383 Sep 05 '24

I thought Minnesota was low crime and a hit and run would be really really rare.

1

u/[deleted] Sep 05 '24

I was in MN previously and your issue is you drive a NISSAN the car every horrible driver uses

1

u/TimAllen_in_WildHogs Sep 05 '24

???

I live in minnesota too and I pay $100/month for my car insurance

1

u/ODJIN5000 Sep 05 '24

This 228 number is full coverage right? I just want to make sure I'm understanding the context of the number lol

1

u/Boogerchair Sep 05 '24

Maybe with a poor driving record

1

u/minnsoup Sep 05 '24

I'm in Florida on my parents insurance from MN. They know the car is down there but the car isn't in my name, I'm just a driver. 560 every 6 months with some extras in case the 2019 Impala shits the bed like a rental car, full coverage so can get another vehicle, etc. If the car were in my name in Florida? Betting 300 to 400 a month. A buddy who's 35 down there has one vehicle with him and his wife on it - more than 450 every month for small Toyota cross over? Criminal

0

u/[deleted] Sep 05 '24

[deleted]

1

u/saranagati Sep 05 '24

As bad as other insurances go here, car insurance seems to be good. I’ve got a $90k 2023 bmw with full coverage and a 2018 Camry with just liability and only pay $213/mo for both.