I have a car loan that has $ 8700 left on it, minimum payments are $ 200 / month (I've been paying $ 500 / month), interest rate is 3.5 %, I have to have
full coverage insurance due to the loan which is $ 120 / month.
As long as you are not financing a vehicle, you will have a choice between carrying liability - only
insurance coverage, which pays for injuries and damage sustained by others
due to your negligence, and
full coverage.