<prompt> Human: My husband and I have a car that my father had to cosign for us. Payments are around 220 a month, and for some reason insurance for just me Im the only one that ever drives on one vehicle are almost 300 a month through every company I have looked at. We are young and still trying to get on our feet and cannot afford to pay 500 a month for this. Is there some way to lower the insurance, or is there a way to trade in the car and get a different one that would be cheaper on the insurance? If we did try to trade it in for a different one, would my father have to re cosign for it? any advice helps please and thank you.Assistant: insurance for just me Im the only one that ever drives on one vehicle are almost 300 a monthIs this some sort of sports car? Or do you have some serious infractions on your record at-fault accidents, DUI, etc? is there a way to trade in the car and get a different one that would be cheaper on the insurance?How much is the car worth and how much do you owe on it?Getting a cheap beater car will be your best bet to save money here. Not only will it obviously save on the car payments, but insurance for such a cheap car will be very cheap as well.Human: It is a 2002 Saab 9-5, Im not sure if it is a sports car but it does have a turbo engine. I have one not at fault accident that totaled my car when I was Tboned, and one ticket for failure to come to a complete stop. We have been paying for just under a year and have about 3,300 left on it. Assistant: Kelly Blue Book lists it as worth less than 2,000. Since you have only had it for a year and still owe 3,300, it seems you really went with a bad choice all around - bad car, bad dealership, bad research. It is not that cars are expensive, but bad decisions are.And now I just went to try and calculate what sort of interest rate you have. Knowing that your payments are 220month, that you now have a principal balance of 3,300 and assuming you are 11 months into a 4 year loan I am getting something like 60 interest on an initial loan of 4,000. I really hope one of my assumptions I used was wrong - please let me know which one. Perhaps you are paying more than the minimum payment? Please provide the details of your loan - I believe you may be able to do more for your financial situation by focusing on that than just your insurance at the moment.Human: We still owe 3,166.33, our monthly payments are 218.57 below is just copied off of my loan account page:Amount financed4,523.75Interest Rate14.64 Original term months24 Contract date05212014 Maturity date05212016 Interest paid YTD40.23See interest paid on this loanTotal interest paid391.14You are correct it wasnt a well researched choice. We came to visit my parents and about a block from their house our little beater car blew up and I had to be back to work five hours away in two days and this was the outcome.  <response>: This is going to sound like I am kicking you while you are down, but I hope you understand I am trying to help you learn from this situation. Right now, all you can think of is the immediate pain of the payment insurance. But you need to understand what led you into this situation in order to prevent something similar from happening again. Having two days to travel 5 hours away is not a reason to pay more than 250 of a cars worth - and that is assuming you did a zero down payment. I am guessing you did a down payment, perhaps your old beater car or perhaps some savings. So the deal was even worse. Trying to throw money at a problem is a sure way to end in a downward financial spiral. When you broke down at your parents house, that would have been the time first to get a mechanic to look at the car, second to research the car you would get as a replacement and look at all of the dealerships around both your parents and your house, and then possibly to get a bus ride home and to work until you could get to car that would work for you and your finances. Of course, this doesnt just apply to cars, but to many other sections of your financial life. Bad financial decisions lead to a poor financial base and financial stress. You know this, yes, but the important thing to learn from this is the how and the why you are at this point now. The past is done and cannot be changed, but it can continue to haunt you. What is important is that you learn from it to guard yourself against it for the future.Back to your immediate problem. for some reason insurance for just me Im the only one that ever drives Do you have your husband listed on the insurance, but just have you as 100 driving the vehicle? If so, going through the formal process of excluding him as a driver could help your rates, especially if he is under 25 or has serious driving infractions of his own. This process has you sign a contract stating that your husband will never operate the vehicle under any circumstance and that your insurance will not cover any damage that happens to the vehicle should he be found to have been operating it during an incident. Only use this if you are your husband are 100 comfortable with the fact that he will never be allowed to use the car.I see in another comment you have Progressive. Have you quoted with Geico? USAA also has usually cheap auto insurance, but you, your spouse, or your parents will need to be militaryformer military in order for you to get auto insurance through them. So if that describes your situation, then I would suggest checking with them.Some auto insurers discount your auto insurance if you take a defensive driving course. Call your insurer and ask if they will do so and how much of a difference it will make in your premium.Then there is your credit report. Many auto insurers now use the information on it to help set rates Check your credit report at annual credit report and see if there are any discrepancies on it that you can dispute with the credit bureaus which can help improve your score. If there are any collections accounts, get in touch with those creditors and see if they will agree to a Pay For Delete. 