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PhiTiger1764
LSU Fan
Lurker since Aug 2003
Member since Oct 2009
11698 posts

How much should I be paying for car insurance?
28 yr old male. Never been in an accident or missed any payments on anything. Great credit score. Drive an 04 Avalanche with about 180k miles on it. Probably worth $5-$6k.

Coverage:
Injury/property 50-100-50
Uninsured motorist 50-100
Collision with 1k deductible

Paid $1125/year two years ago and $1175 this year. Policy is increasing to $1243/year next year. Starting to think I should look around with the large increases lately.. TIA.

ETA: live in Baton Rouge
This post was edited on 11/23 at 11:50 am


CoachRobertson
LSU Fan
Denham Springs
Member since Dec 2014
364 posts

re: How much should I be paying for car insurance?
Would shop, regardless. Never hurts to keep your insurance honest.


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wfallstiger
LSU Fan
Wichita Falls, Texas
Member since Jun 2006
6662 posts
 Online 

re: How much should I be paying for car insurance?
Can't answer that but I shop my house and auto, now. My renewals are coming due and want good value, as do you, for our dollars.

North Texas, two vehicles, AARP ages
This post was edited on 11/22 at 7:55 pm


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TigerDeBaiter
LSU Fan
Member since Dec 2010
7818 posts

re: How much should I be paying for car insurance?
Definitely shop around. Your premium should be going down at your age (getting closer to 30) and the age/value of your vehicle.


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Tshiz
LSU Fan
Oxford
Member since Jul 2013
2703 posts

re: How much should I be paying for car insurance?
That's cheaper than I pay with a newer vehicle and slightly younger. I would def shop around anyway. Def look up liberty mutual


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igotit
LSU Fan
Member since May 2016
49 posts

re: How much should I be paying for car insurance?
Do you have a good agent? Do you trust him? Have you good experiences with the agent and the company?

If yes, pay the extra $10 per month. You're getting a fair rate.


Civildawg
Mississippi St. Fan
Member since May 2012
3783 posts

re: How much should I be paying for car insurance?
Seems to be a bit much because I am the same age as you and have the same coverage. For sure shop around for quotes


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dabigfella
Houston Astros Fan
Member since Mar 2016
6687 posts

re: How much should I be paying for car insurance?
I dont know man your policy sounds crazy expensive. My daily driver is a $46k car I lease and its about $750 every 6 months with the minimums required so $1500/year and Im almost 36.


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swanny297
LSU Fan
NELA
Member since Oct 2013
2103 posts

re: How much should I be paying for car insurance?
I don't pay much more than that for higher coverage on 2 new vehicles with GEICO


achenator
Member since Oct 2014
1982 posts

re: How much should I be paying for car insurance?
No one in this thread has said where they live. That makes a big difference.


dabigfella
Houston Astros Fan
Member since Mar 2016
6687 posts

re: How much should I be paying for car insurance?
i live in houston,tx but regardless man thats alot of money for a $5k/car, the guy is paying like 20% of the cars value annually in insurance.


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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
24574 posts

re: How much should I be paying for car insurance?
I get line item discounts b/c I have my house w/ State Farm and a small term life policy - 33M, other driver is 33F, no wrecks within a decade (except wife backing her vehicle into a pole).

2015 Toyota Sienna and 2007 Toyota Tacoma. I don't know the # off the top of my head, but we pay less than $1.5k/year total and we are 50-100-50 with a $500 ded w/ UM/UIM coverage. Louisiana.


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dabigfella
Houston Astros Fan
Member since Mar 2016
6687 posts

re: How much should I be paying for car insurance?
why dont you just get liability, im sure the car is paid off right? Do you really worry about getting the full 5k in value if you get in a crash or can you just buy another?


GhostofJackson
Tulane Fan
Speedy Teflon Wizard
Member since Nov 2009
5078 posts

re: How much should I be paying for car insurance?
You know who has the cheapest insurance? People who stick with one company for 15+ years.


PhiTiger1764
LSU Fan
Lurker since Aug 2003
Member since Oct 2009
11698 posts

re: How much should I be paying for car insurance?
quote:

Do you have a good agent? Do you trust him? Have you good experiences with the agent and the company?

Yes to all of that.. independent agent. That's kind of the reason I've never really shopped before. Just starting to feel like I'm paying too much.


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PhiTiger1764
LSU Fan
Lurker since Aug 2003
Member since Oct 2009
11698 posts

re: How much should I be paying for car insurance?
quote:

why dont you just get liability, im sure the car is paid off right? Do you really worry about getting the full 5k in value if you get in a crash or can you just buy another?

Yea. This would save about $300/year. Might be the route to go.


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GeauxTigers1983
LSU Fan
Slidell, La
Member since Sep 2015
305 posts

re: How much should I be paying for car insurance?
quote:

People who stick with one company for 15+ years.


Not true. My brother had Allstate from 18 years. Kept going up. Switched to Geico and saved $400 over 6 months. Insurance companies believe the longer a person is a policy holder the less likely they will leave so they tend to raise rates in small amounts every time they renew their policy. Its getting shafted but slowly instead of fast. Insurance companies take policy holders for granted.


BamaCoaster
LSU Fan
God's Gulf
Member since Apr 2016
1995 posts

re: How much should I be paying for car insurance?
quote:

You know who has the cheapest insurance? People who stick with one company for 15+ years.




Congrats for typing the "most wrong thing" on the internet today.


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wfallstiger
LSU Fan
Wichita Falls, Texas
Member since Jun 2006
6662 posts
 Online 

re: How much should I be paying for car insurance?
Is precisely what Allstate pulled with us and no hello/goodbye/kiss my hiney. Lesson learned, shop, shop, shop


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Belaire Buck
LSU Fan
Not in Bama
Member since Nov 2011
88 posts

re: How much should I be paying for car insurance?
Where you live, (City & State), Vehicle safety ratings, and you credit score are three of the main factors in your premiums.



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