I’ve been looking at my car insurance, and it feels like the rate is just way too high. I’ve got full coverage, but it still seems like a lot. Anyone else dealing with this? What are you all paying for insurance?
Yeah, full coverage is definitely more expensive. I saw that minimum liability can be as low as $51 with some companies, but full coverage can easily go over $200, depending on who you’re with.
Jensen said:
Yeah, full coverage is definitely more expensive. I saw that minimum liability can be as low as $51 with some companies, but full coverage can easily go over $200, depending on who you’re with.
It’s true. My dad has a higher deductible, so that helps a little, but he still pays around $215 for full coverage. Raising your deductible could lower the rate a bit.
@Layne
I’ve got a low deductible right now. I guess if I raise it, my premium might go down some. Might be worth trying out.
Keagan said:
@Layne
I’ve got a low deductible right now. I guess if I raise it, my premium might go down some. Might be worth trying out.
Yeah, if you don’t mind paying more out of pocket for repairs, raising it to $1,000 or even $2,500 could make a decent difference.
My brother’s rate went up because of a speeding ticket, and his premium jumped 75%. Even things like not wearing a seat belt or using your phone while driving can increase your rate. Insurance companies really crack down on that stuff.
@Pat
Yup, I got hit with a rate increase after an at-fault accident. My premium went up by about 8%. So even small violations can make a big difference in what you pay.
Tal said:
@Pat
Yup, I got hit with a rate increase after an at-fault accident. My premium went up by about 8%. So even small violations can make a big difference in what you pay.
For sure. My sister saw a huge increase after she got a DUI—her rate shot up by 89%. It’s crazy how fast those things add up.
Location also plays a big role. I live in a high-crime neighborhood, and my rate is definitely higher because of that. It’s not even about your driving sometimes; it’s just where you live.
Kai said:
Location also plays a big role. I live in a high-crime neighborhood, and my rate is definitely higher because of that. It’s not even about your driving sometimes; it’s just where you live.
Totally. My mom lives in a rural area, and her rate is way lower than mine. It makes a huge difference depending on where you’re based. I’ve also heard that places with more flooding or severe weather can increase rates.
@Micah
Yeah, I’m in a city, so between the theft risk and bad weather, my rate stays pretty high. I just try to look for discounts wherever I can.
Age matters too. My rate went down a bit once I hit 26. I remember paying almost $500 a month when I was under 21, but it’s gotten better since then.
Brady said:
Age matters too. My rate went down a bit once I hit 26. I remember paying almost $500 a month when I was under 21, but it’s gotten better since then.
Same here. I noticed a drop around my mid-20s too. Younger drivers always get hit with higher rates because of the higher risk. But once you get past that age, it starts to level off.
@Chandler
Exactly. But it goes back up when you’re older. I’ve heard people in their 70s pay more again. It’s like a weird insurance rollercoaster.
Newer or more expensive cars are pricier to insure too. I bought a used car last year, and my rate dropped a bit. But before that, when I had a newer model, the rate was much higher.
Taj said:
Newer or more expensive cars are pricier to insure too. I bought a used car last year, and my rate dropped a bit. But before that, when I had a newer model, the rate was much higher.
I’ve heard luxury cars and sports cars are crazy expensive to insure. It makes sense though, since they’re pricier to repair. That’s why I’m sticking with my trusty old sedan for now.
@Ashton
Definitely. New cars are cool, but the insurance cost isn’t worth it for me. Plus, some of the fancy tech in newer cars can be expensive to replace if something happens.