i was looking around for auto insurance to see if there was anything cheaper than what im paying now. im a 20 year old male with a 2005 scion tc. i have been driving for about 2 years and currently use state farm. when i first insured my car 2 years ago, i was paying $148/mo. due to a speeding ticket, it has risen to $194/mo. i also have comprehensive and collision with a $500 deductible. $100,000/$300,000 coverage with full glass also. not complaining, i think this is great
i looked at nationwide, allstate, geico, and progressive. these companies are supposed to be so great, but progressive quoted me at $485/mo for the same coverage! the other companies where all in that general area. progressives "state minimum" coverage plan for me was almost $300/mo.
why do these other companies cost so much more? im not complaining about mine, obviously im not gonna switch, but i am curious as to the difference in price.
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March 4th, 2010 at 8:21 am
You may want to have a look at your policy to be sure you are insured as you think you are. or have another insurance agent (not your own) interpret your policy for you.
"If it sounds too good to be true it probably isn’t"
March 4th, 2010 at 8:21 am
- – One reason is that their Television ad budget is through the roof. I mean mega bucks . . .
March 4th, 2010 at 8:21 am
Take a rate comparison to your insurer and make sure you have the proper
coverage you desire and ask.
March 4th, 2010 at 8:21 am
I also have had State Farm for the last 40 years and periodically check rates from other companies. Not one has ever quoted me a lower rate. Also, the few claims I have had over the years were quickly and fairly settled.
As far as "these companies are supposed to be so great", that’s only according to their advertising agencies. If you note the words in their ads "people who switched saved…." Okay, so two people switched. They don’t tell you how much higher their rates were for the 10,000 people who didn’t switch. They’re simply betting people will believe that their rates are lowest without comparing coverage. There must be a reason why State Farm is one of the largest insurance companies and run very few ads.