Why not ask why it costs $45,000 for one college year, even higher at Ivy League colleges. Insurance is about risk, payments, costs, etc. Let us say that you buy this car, get it insured and on the drive home you wreck it, hurting the other driver badly. Who pays? The insurance company. It is all about repairs, medical and legal bills, etc. from the second after they agree to insure you. With teens having over one million car crashes each year and over 5,000 dead and hundreds of thousands injured, some in jail or prison, the insurance companies know about the risk and the costs related to car crashes. The reason for the low cost on dad's car is that dad is the primary driver and you are an occasional driver. With your own car YOU are the primary and probably the only driver. But listen, at college with limited parking, living at or near campus, why do you need a car unless you plan to live at home and drive to school every day. So forget about the Pontiac Firebird and get a clunker that can fit your needs. After all, it is just transportation. OK? Best wishes.