Please help me cut cost on my Insurance!

[rjundi]

Paying out $300(40%) to only get $3500 back if and only if you have an at fault accident seems foolish.

Hopefully you really shopped around as the variances are large.

 

[HappyHyundai]

Quote:

---

im 24 and i pay about $45 a month for car insurance.
if i had to pay what some of you guys pay i wouldnt own a car. it would be cheaper to take the bus.

---

Can you be more specific? Are you doign just comprehension?

 

[Kestas]

I just cut my bill to less than half by switching from AAA to Citizens. Same car, same coverage.

 

[Quattro Pete]

I was just shopping around for insurance myself, and for some reason there were huge $$ differences between several providers. For similar coverage, Allstate wanted $1900/6 months, while GEICO wanted $1100. And then Progressive beat them all - $650.

 

[XS650]

It look like over 1/2 of what you are paying it to cover damage to your $4000 car. If you have $500 deductible, you are paying about $400 a year to protect a car that the insurance company might give you $3500 for (after a $500 assumed deductible).

You should seriously consider dropping collision and comprehensive.

OTOH, you liability limits look low. You can usually increase those for a fairly small amount of money.