Am i paying too much for car insurance?
Tuesday, October 27th, 2009 at
9:02 am
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asked:
I am in my early 30s. A single male, no kids.
I have a pretty much spotless driving record. The only ticket i have had in the past 10 years that i can think of off hand was for not using a turn signal, that was over a year ago. Other than that, nothing in around 10 years. No claims on my insurance in over 10 years either.
I drive a 2001 Ford ZX2, its a compact car-for those not familiar with it , it would be similar to a Chevy Cavalier or Dodge Neon.
Oh, im paying $700 every 6 months for full coverage car insurance through Nationwide. I have been with them ever since i started driving.
This seems like alot. Is it? My friends tell me im overpaying, yet when i call around other places to get quotes i never find anything cheaper. In fact several places have told me to stay where im at.
I dont have a problem paying it, but im just trying to find out if this sounds about right and fair as far as the price goes.
Anyone out there a insurance agent?
Diana
I am in my early 30s. A single male, no kids.
I have a pretty much spotless driving record. The only ticket i have had in the past 10 years that i can think of off hand was for not using a turn signal, that was over a year ago. Other than that, nothing in around 10 years. No claims on my insurance in over 10 years either.
I drive a 2001 Ford ZX2, its a compact car-for those not familiar with it , it would be similar to a Chevy Cavalier or Dodge Neon.
Oh, im paying $700 every 6 months for full coverage car insurance through Nationwide. I have been with them ever since i started driving.
This seems like alot. Is it? My friends tell me im overpaying, yet when i call around other places to get quotes i never find anything cheaper. In fact several places have told me to stay where im at.
I dont have a problem paying it, but im just trying to find out if this sounds about right and fair as far as the price goes.
Anyone out there a insurance agent?
Diana
Tagged with: Ford • Quotes • Turn Signal
Filed under: Insurance & Registration
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Tanya
The amount that you are paying is what we pay for a 2001 Pontiac sunfire and a 1998 Plymouth breeze, for both myself and my husband. I have unlimited use on my car and my hubby has work use only with limited mileage. We both have spotless records and have taken drivers ed, way back when, about 20 years ago.
Your insurance rate will also depend on where you live because it also depends on how bad the other drivers are in your area. So if you live in or close to a large urban center your amount would not be out of line.
Julia
Your friends are guilty of exaggerating to you.
I used to work with a person like that. No matter what I mentioned, it was too much, and he could have got it cheaper. I mentioned I’d bought a car, and named a price. He, of course, could have got it for less than half that amount. Good–because I haven’t bought it yet. Here’s his number, go get it for me and I’ll pay you $50 for your time. That cured him.
Patrick
The amount you pay is based on your coverage. Have your limits in hand and call other insurance companies for quotes – it won’t cost anything more than you time and it’s the best way to find out if you’re overpaying or not.
Shawn
It depends a lot on where you live. I got a quote from this page (http://www.dmv.org/car-insurance.php) that was about $400 cheaper than what I was paying. If you haven’t already gotten a few quotes you should. As long as you make sure there are no checked boxes “please send me offers” or whatever then you will not get spammed.