Budget Project Insurance Instructions

 

Car Payment:

  1. Go to cars.com
  2. On the right side under Research, click on Auto Loan Calculators.
  3. Enter price of car and a 10% down payment (take off last digit of price).
  4. Enter nothing for trade in value.
  5. Enter 7 for sales tax rate if purchased in Tennessee.
  6. Enter either the new (6.96%) or used car (7.36%) interest rate.
  7. Enter term of financing (48 months for new, 36 months for used, maximum).
  8. Click Payment Summary and then File Print to print out monthly car payment.

 

Auto Insurance:

  1. Go to allstate.com
  2. Under Get a Quote, enter the zip code of your apartment, select Auto, then Start a New Quote. Click Start.
  3. Click Get a Ballpark Estimate. Add a driver and enter age and gender. Make sure to pick the age you will be when you finish your education.
  4. If you plan on going to college, select no accidents on this page. If you are going right to work, enter actual information.
  5. Select Add a Vehicle and enter Year, Make and Model of your selected car. Click next.
  6. Select Rent, Very Good. Length of Insurance is the age from above minus 16.
  7. Once you get your quote, review coverage limits. Select the plan that provides you the most coverage that you can afford.
  8. Click View Printable Summary. Roll mouse over the question marks to get explanations of the coverage. Print quote.  
  9. This is a SIX MONTH quote. Divide total by six to get monthly amount. Round to nearest dollar.

 

Renter’s Insurance:

  1. Go to allstate.com
  2. Under Get a Quote, enter the zip code of your apartment, select Renter’s, then Start a New Quote. Click Start.
  3. Click Quick Renters Quote.
  4. Click the Rooms button to get questions about number of rooms and contents.
  5. Enter the number of rooms, and standard property, unless you think you possessions are inexpensive (economy) or expensive (luxury).
  6. Click Get Your Quick Quote Now.
  7. Review your quote for coverage limits. Make adjustments as necessary.
  8. Click on Print Version. Select File Print.
  9. This is a TWELVE MONTH QUOTE. Divide by 12 to get your monthly amount. Round to the nearest dollar.