Car Insurance Monthly Payment is high. Is this normal?

  • by Joan
  • Jan 02,2018
  • 13 answers

Car Insurance Monthly Payment is high. Is this normal?


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Insurance Answers (13)

babyboomer1001 4 months ago

You are 17. That's a high risk age. You have all of the reckless, immature teens to thank for the outrageous rate. It is normal for a 17 year old. Not for someone over 25.

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curtisports2 4 months ago

Yeah. Turn 18, then 19, then 20....with no tickets or accidents. Young drivers get a lot of tickets and have a lot of accidents. Young drivers pay a lot for car insurance.

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amy lynn 4 months ago

You could shop around for a cheaper price, but cheaper prices usually also come with less coverage and poor service.
Teenagers pay horrible rates for insurance. If you also live in a high risk area, that increases your rates too. (larger cities are considered higher risk for accidents and people living in or near larger cities pay higher insurance rates.)

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mbrcatz 4 months ago

This is not unusual for a driver your age. The best way to cut your premium down, is to wait until you're 23 to get your license.

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STEPHEN 4 months ago

Pretty normal. Teens are a genuinely awful risk for insurance companies.

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Flower 4 months ago

That is too high for both of you together. See if another insurance company has a better rate for a teen-ager. If you are going on Mom's policy, the rate should be much lower. Is it possible your Mom is not telling you the truth because she may not want you to buy that car? The rates are determined by other factors beside your age and past driving record.

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H. Marie 4 months ago

sounds like you are a male minor and you probably won't find any better rate

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Art 4 months ago

Sounds good to me, I was paying 50 a month in 1968 for my own vehicle take 50 years worth of inflation into account and you are getting off cheap. I was paying 167 a month with better than 2 million miles of driving and two claims ( one a break in and the other obstacle on the road).

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Casey Y 4 months ago

Pretty standard for a teenager on their parents policy...your parents likely have very high limits of coverage.
However, since you are a minor, you cannot buy a car and get your own insurance. Once you are 18, own your own vehicle and drop the coverage down...but speak with an agent before making changes so you actually understand what you are doing.

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D J 4 months ago

It's high because you are ateenager, ifyou drive safely with no accidents & tickets until you are 25 if MIGHT go down.

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StephenWeinstein 4 months ago

No, this is very, very very low.
The only way to lower it even more would be to move to a place where insurance costs even less than where you live now -- if there is such a place.
But if you are really paying that little, which seems hard to believe, then you might already be living in the place with the lowest insurance prices in the world.

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Judy 4 months ago

Have you had an accident or a ticket?

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Zarnev 4 months ago

One way to lower premium is to cut coverage. Unless your car is financed you might consider removing the comprehensive and collision coverage.
You're paying the private party value of the car in insurance premiums every 6 months or so. Comprehensive and collision coverage costs are probably almost half of the premium. If you have even a small accident your costs to repair will easily be close to or over $1000 and most insurance companies will total the car for that amount, and will probably pay you around $1000 or so. If you save the difference in premium you'll soon have enough saved to repair the car should you have need.

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