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Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: Decent auto insurance?


Jutz wrote:

Wowwwwwwww.  $5200 a year?  For a sensible, safe, economical car?  I just switched to eSurance as well.  Save me about $30 a month with my current car, will save me nearly $80 wiith the car I plan on buying in the next couple of months.


LOL you'd be surprised how many quotes I did before finally settling on Esurance! Rate shopping is hard! And to think AAA would give me a discount for my 9 years of membership...

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Moderator
Revelate
Posts: 8,329
Registered: ‎12-30-2011

Re: Decent auto insurance?

[ Edited ]

maiden_girl wrote:

I know this doesn't actually count as an auto loan topic but I just purchased a new car and I have been having trouble with insurance shopping. I was going to go with AAA b/c I have an older car insured with them so I decided to insure my new 2011 Hyundai Accent to save money with multi-policy discount. Their premium was the highest! $5,200 for the whole year! I was so shocked by this that I told the agent to cancel my policy with them. I then ended up calling an insurance agent and he told me about Infinity insurance. I signed up with them but I have been hearing terrible things about this company. I don't trust them to insure my car so I am going to cancel it today! I decided to sign up for Esurance. It had the cheapest premium and they seem trustworthy. I can't find any negative info about them.

 

Anyway...will this constant change in insurance coverage upset the finance company at all? I am keeping with the guidelines. No coverage break and the $500 min deductible for collision and comprehensive.


Sorta off topic but if you're paying that much annually for insurance anyway (and FWIW I've been at $2400 per year too originally on my Acura) I would suggest trying to re-run the numbers with a $1000 deductible instead.  Yeah you need to keep more of a cash reserve (theoretically) but depending on the difference in price it might justify it.  

 

It definitely did with my old Progressive insurance, it doesn't with my current USAA insurance.

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Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: Decent auto insurance?


Revelate wrote:

maiden_girl wrote:

I know this doesn't actually count as an auto loan topic but I just purchased a new car and I have been having trouble with insurance shopping. I was going to go with AAA b/c I have an older car insured with them so I decided to insure my new 2011 Hyundai Accent to save money with multi-policy discount. Their premium was the highest! $5,200 for the whole year! I was so shocked by this that I told the agent to cancel my policy with them. I then ended up calling an insurance agent and he told me about Infinity insurance. I signed up with them but I have been hearing terrible things about this company. I don't trust them to insure my car so I am going to cancel it today! I decided to sign up for Esurance. It had the cheapest premium and they seem trustworthy. I can't find any negative info about them.

 

Anyway...will this constant change in insurance coverage upset the finance company at all? I am keeping with the guidelines. No coverage break and the $500 min deductible for collision and comprehensive.


Sorta off topic but if you're paying that much annually for insurance anyway (and FWIW I've been at $2400 per year too originally on my Acura) I would suggest trying to re-run the numbers with a $1000 deductible instead.  Yeah you need to keep more of a cash reserve (theoretically) but depending on the difference in price it might justify it.  

 

It definitely did with my old Progressive insurance, it doesn't with my current USAA insurance.


I wish I could do that but I'm financing my Hyundai at the moment and I have to have my deductible at $500 per finance company. They're watching. Lol. I'd rather pay $2,400 than $5,200. My honda, I will consider moving my deductible up but it probably won't do much. I didn't realize that car was so much to insure even at this age.

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Frequent Contributor
xiownthisplacex
Posts: 258
Registered: ‎08-29-2011

Re: Decent auto insurance?

Amica!

Even though their rates are going up this year, they are still cheaper than anyone else. I received multiple quotes from different companies after I had heard that Amica's rates were going up, but they were still $300 cheaper than Esurance and Geico. And, their gap insurance is about $10 a year!!


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Regular Contributor
Mish0817
Posts: 160
Registered: ‎12-02-2012

Re: Decent auto insurance?

Have you look we'd at State Farm??   I have been with a million years super easy and usually best prices 



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