Winnie Hurwitz

Question: Car insurance with teenagers.?

My mom and I have been checking around for cars to buy because I have a scholarship and one college class right now, and I need the transportation so that I can go to study sessions for the college class, and to the meetings for my scholarship. We really don't have a lot of money. I work but only on Saturday because of school. My mom has Progressive right now and she checked how much it would be to have me and a new car on the insurance and it is a whopping $500 a month (her, her truck, me, and my car included).. We need an insurance company that isn't going to cost us a 1/4 of our income. At first we were looking at older cars under $2500. Then my mom was thinking it would be better to get me a new car with good gas mileage so she wouldn't have to worry about me being safe and not breaking down on the side of the road... But we can afford a new car, not with our down payment. The monthly payments are too high. So now we are going back to the older cars, and if we have a fully paid for vehicle, I am sure the insurance won't be as high. But here it, I am 16 years old, took driver's ed and have an insurance waiver that is supposed to bring the insurance down 10%. I also have good grades, a scholarship, a job, etc.. These things should look good to the insurance and bring the cost down.. I am safe driver as well.. Not driving far daily at all. Basically back and forth from school and to those meetings and study sessions every now and then. Any suggestions as to what car to look for and what insurace company we should go with? Thanks, in advance.

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