Auto Insurance

I'm paying less. Get a broker to shop around for you. They get a commission, you get a cheaper rate. Everyone wins.

 

That seems like a lot. I have Geico and 3 vehicles two of which are full coverage. My deductible is 250 and 6 months premium is 1244.....that is with 3 drivers one of whom is 16 yrs old!

 

My auto insurance covers everything you mentioned and I'm paying less than half of that. I have a similar driving record as well. Shop around

 

coverage limits?

 

No idea if your price is good or not, but the answer is always shop around. Insurance and many other industries offer competitive rates on the first contract to acquire new customers, and then fatten their margins on the renewal contract.

 

Looks right to me. What a lot of posters fail to mention is what year/model vehicle they are driving. A 1998 civic is going to cost less than a 2011 ford truck.

I have a 2015 vehicle that is around $40k and my coverage is very similar to yours. I'm paying a little over $400/6 months. Well, I guess yours is a little more expensive. Shop around!

 

I'm paying a little less than you, with similar coverage. 3 cars (2 full coverage). Wife and I are both 29. No tickets except for one or two over 10 years ago. Deductible is $250.

I called my agent this past year just see if we could get it down somehow, and they were able to. Wouldn't hurt just to ask if they're missing any discounts or anything and say you're considering shopping around.

 

I'm paying less than $100 a month with State Farm for a Ford Flex and Volvo C70 convertible. Full coverage.

I get Accident Free, multiple autos, multiple line and vehicle safety discounts.

 

A lot of it has to do with your insurance score which factors credit into the tiering. Also, what area of the city you live in makes a big difference among a bunch of other things. Just shop around and see what others can do.

 

For my wife and I (2 cars), we pay $115 a month with Geico. We both drive older cars (2007/2008), don't have rental reimburse and have higher deductibles ($1000 on collision and comprehensive).

The deductible is probably most of why you're paying more - you might be better off taking that extra $50-$75 a month that you would likely save with a higher deductible and stashing it in an emergency fund.

Doing some napkin math, in 1-1.5 years with no incidents, you'll have saved enough to nearly make up the difference in going from a $250 to $1000 deductible...$50/month savings times 1 year = $600. Build that up a little more and earmark it as your deductible payment, rather than automatically handing it over to Geico in a monthly form just so that you can pay a lower deductible in the event of an accident. Then if you have to use it, build it up again, but other than that the leftover cash is yours to keep.

 

Your Uninsured Motorist/Underinsured Motorist should match your limits of liability, in my opinion. You're covered if you have an at fault accident for up to 100k per person, 300k total no matter how many people are involved, and 50k for property damage. But if someone hits you and runs, has no insurance, or not enough insurance, you and people in your car are only covered for up to 30k, 60k total, and 25k property damage.

I work with a broker based in Richmond, and Safeco used to have awesome rates (they're still good), but Travelers is incredible right now. I've been using them a lot lately. Farmers has decent auto rates, and AAA is really good too.

If I were you I'd try Travelers or AAA.

 

I have a minimal full coverage policy with a $500.00 deductible for $60.00 a month. I probably should up my coverage.

 

We are with GEICO with similar coverage and pay $86/month.... but we are older and we are in NC not TX