Car Insurance Premiums SKYROCKETING! What’s YOUR Monthly Cost and Why?

  • This topic has 12 replies, 13 voices, and was last updated 4 days ago by SafeStimulus.
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  • #1053
    spooky_scenery
    Participant

    I used to have a low mileage discount, but now that I’m commuting, my rates might change. I heard that Progressive has a “Name Your Price” tool that helps you customize your coverage to fit your budget. Maybe I should try that since my Geico premium increased by $42.

    #1054
    fruitful_crossover
    Participant

    I found that by switching from State Farm to another company, I saved a solid amount of money. Geico was the cheapest for me, even though I know some people say they’re not good. It’s important to compare coverage limits though, as one company might be $50 more but offer slightly better coverage.

    #1055
    absorbed_standstill
    Participant

    I got a quote from Erie in New York City, and they were 36% cheaper than my current insurer, Chubb. I don’t drive much, mostly using the subway, so I was probably paying too much for a high-end company when I didn’t need extensive coverage.

    #1056
    dynamic_watchdog
    Member

    I was with Allstate and had a minor accident that wasn’t my fault, but because the other driver’s insurance (National General) was owned by Allstate, they fought me on the claim, and I ended up paying about $2500 out of pocket. Because of this bad experience, I would advise others to stay away from Allstate.

    #1057
    brave_treadmill
    Participant

    I’ve been with Geico for about five years in the Seattle area, and my premium for a 2020 GMC Denali has been as low as $83 and as high as around $150 per month, currently around $120. It really seems to depend on your zip code. This shows how much location can impact your insurance costs.

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