Should I sell my car or keep it?

Question

I was working in Boston, MA for 2 years and obviously had a vehicle. I am 26 years old. I am moving to NY state (Syracuse) for school in August. I have a 1998 Honda Civic. I have 4 points on my license because of an accident with the same car.

My question is - I am currently paying some 75 dollars a month to my insurance company. NY insurance company gave me a near 110 dollars rate per month for my old car which is insane. I will be spending about 3000 dollars merely on the insurance. Should I sell the car or keep it? I know it might sound a stupid question with personal choices coming into play. But any thoughts? The car is going to be used for groceries and recreational driving only. The quote was by Progressive auto.

Answer 1

Sounds a little steep; have you tried AIG?  AIG insured 2 newer cars/2 drivers (one of the 2 drivers had a splotchy record) and it cost about that much.