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that the probability of getting into an accident is not ver high, but varies greatly on where you live. If you are paying 4K a year on insurance, you are going to quickly surpass the amount to purchase outright a new vehicle if it is totalled in an accident. In my case, I calculated that I have paid out over $42,000 in insurance, and had claims of $1200.00. I want my Boxster from the insurance companies any day. Insurance is a screw job in most cases for young drivers or drivers that have a ticket or two. Save money aside to pay outright for accident damage. If you damage your car, put some of the money into upgrades over time. Get liability only.
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