Comments on: Why can’t I get a decent car insurance premium?

By: oklatom

oklatom — Thu, 25 Feb 2010 04:27:59 +0000

I can only assume you have no insurance at the point in time you are asking about insurance, which automatically puts you high risk. That's why you don't let one policy lapse without having another in place. Anytime you answer that you don't currently have a policy, your rates go crazy.
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By: ajc11183

ajc11183 — Thu, 25 Feb 2010 03:43:59 +0000

Give them a try they’ll give you a bunch of quotes from many different providers with different coverage plans.

http://www.ez-insurancesearch.com
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By: Sophie B

Sophie B — Thu, 25 Feb 2010 03:20:59 +0000

You live in a red lined area, probably…

Check to see what the car theft and accident rate is in the area that you park your car at night….also check different insurance companies… where I live State Farm was Twice what AAA was… because a red line boundary was 3 blocks west….

redlining is illegal, but all companies do it….
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By: J D

J D — Thu, 25 Feb 2010 03:07:59 +0000

If you go to a new insurance company, they always charge way more. If you stick with one for a while, they tend to come down. At least that’s how mine was. I had Allstate for years and years and it was cheap. I lost my job and went without insurance for a while. When I went to finally sign up again, they wanted a freaking fortune. Then they finally said they’d put me on Allstate Indemnity or something — which was a high-risk branch of Allstate. It was still expensive.

Try Progressive or Geico. I finally went with Progressive. They were a couple bucks more than a "no-name" brand off the internet.

Don’t know if it’s worth your trouble, but I went home and got insurance through my old home town agent. They were about 1/4 the price. It helps to know someone instead of being just another anonymous moneybag to someone.
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By: Sarah Grissom

Sarah Grissom — Thu, 25 Feb 2010 02:52:59 +0000

The insurance companies perform what is called actuarial analysis, which tells them how much of a risk you are. They take everything about you… single white male 27, 180 pounds, employed as a chemical engineer, driving the car to work and on weekends, etc,… lots of details about you, plug them into a computer that calculates statistics, then they give you a quote. They really do this, at the top of my insurance bill it gives details for each driver for each car they drive. If you get married, buy a house, and have children your car insurance would probably drop because you would be perceived as being mature and responsible and therefore less risk. If you are single young white male in a Toyota, that would probably lump you in with the import street racers.
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By: niki

niki — Thu, 25 Feb 2010 02:12:59 +0000

It’s partly b/c you are a male. If you would have taken driver’s ed or a defensive driving course. I am a 21 year old female and i got a quote on a 2008 nissan altima, which I never got, and it was like $150-160 a month, my boyfriend can’t seem to understand it either. But I have more than a 3.0 gpa and insurance companys take that under consideration, I had my license for 3yrs and took driver’s ed in H.S. All of this stuff matters and I live in NY so go figure that. Call the insurance companies and see what it is you hav to do to get a cheaper quote. They are probably going to tell you to take a defensive driving course though.

Hope this helps!!!
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By: Julie L

Julie L — Thu, 25 Feb 2010 02:01:59 +0000

That does seem high. My brother is 27 too and has had accidents and his isn't that high. Have you tried Progressive Insurance? He's been using them since he was dropped by his other insurance company a few years ago. I also switched over to Progressive because they have really good service.
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By: Valerie S

Valerie S — Thu, 25 Feb 2010 01:52:59 +0000

Unfortunately, insurance premiums are calculated based on demographics by an actuarian. His job is to calculate the odds of an accident claim based on 27 year old males, with your income, in your area of the country. Apparently the odds must be high...
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By: Sara L

Sara L — Thu, 25 Feb 2010 01:09:59 +0000

That is crazy!! Have you tryed all different Insurance companies…there is no reason it should be that high!
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I’ve had 2 tickets in the last 4 years and I have been in 1 wreck and I pay $120.00 a month for my husband and I and we have full coverage on a 2007 car with Gieco.

By: preacherswife

preacherswife — Thu, 25 Feb 2010 00:35:59 +0000

have you kept continuous coverage, if not, that can raise your premiums. Also, I heard somewhere that insurance rates don't drop for a guy until 30. Sorry!
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