Said It Here

Why is my car insurance quote so high above average?

Insurers are charging $480 to $1,000 a month just for minimum state-required coverage, pushing premiums drastically higher than expected averages. These rates are also highly sensitive to geography, with prices jumping 30% overnight simply from moving to a new city.

What people tried

Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.

  1. 1
    Staying on parents' insurance policy longer
  2. 2
    Shopping around with multiple insurance companies or using an insurance broker
  3. 3
    Trading the new car for an older, less expensive vehicle
  4. 4
    Opting into telematics or tracking devices to prove safe driving habits

In their words

Unedited, most upvoted first, each linked to the thread it came from.

What I don't understand is why I'm getting quoted $480-$1000/mo for minimum state required coverage.source ↗

Am I crazy to think even the $500 is unreasonable? What's causing it to be so high above the average?source ↗

professionalharpy · r/personalfinance · 37 upvotes

When we moved from Santa Cruz to San Diego, our premiums went up 30% overnight.source ↗

bearsdidit · r/personalfinance · 1 upvotes

Where this came up

People with this problem also raised