why are car insurance companies trying to make me go bankrupt?
Okay, this is extremely frustrating. I’m a 19 year old student, who works part time. I have all-state insurance full coverage, and I drive a 2001 toyota tacoma, which is paid off. And guess how much Allstate charges me every 6 months? 0!!!!!!!!!!!! That is absolutely ridiculous. These son of a bitches are totally ridiculous charging me that. I’ve never had a ticket, never been in an accident. And I don’t care if i’m 19 that price is absolutely absurd for that car. I’m almost at the point where I just wanna go illegal and drive without insurance. I’m looking sleep every night over this I mean seriously do they think a 19 year old college student is made of money. And the funny thing is it’s under my parents policy and its this much!!!
Posted September 1st, 2010 in How To Go Bankrupt. Tagged: allstate, bitches, full coverage, funny thing, insurance, money, parents, part time, sleep, state insurance, toyota, toyota tacoma.
Then change insurance companies. Move to a better area. For a 19 yr old thats not terrible. When I lived in Detroit some insurance companies wanted to charge close to $2,000/6 months but I wasn’t on their insurance. I was driving a car that probably cost about $3k.
They charge more for high risk drivers, high risk cars, and high risk places. You fit at least 1 of those being 19.
PuffsMom – When I lived in Michigan Allstate was by far the cheapest I could find. That’s why you shop around because there isn’t always 1 company thats best or worst..
September 1st, 2010 at 9:25 pmwhat is your car insurace dealer try youi they will give a good deal with car insurance ive been with youi from the start and saved heeps try them if your not all ready with them.
September 1st, 2010 at 9:25 pmAs has been said, you unfortunately fall into one of their demographics that get charged a lot. Even if you’re one of the best drivers out there they will still lump you in with the rest of the high risk 19 y/o’s. Look at the bright side, it could be worse. I’ve got 7 years on you, a record as clean as a whistle and I drive a cheaper car and I get charged $1000 for 6 months and I don’t have a choice on my insurance.
September 1st, 2010 at 9:25 pmAllstate has, and always has had, higher rates than many other insurance companies. Plus, you have two strikes against you: 1) your age and 2) the type of vehicle you’re driving. Because of safety issues, insurance premiums are usually higher on a truck, especially a small pickup, than a car. Also, your truck is almost ten years old, which means it’s less likely to have the safety features incorporated into newer vehicles.
Here are a few suggestions that might help lower your deductible.
1. Get quotes from a number of insurance companies. When filling out an application, make sure you put down the lowest possible amount of mileage you’ll be driving per year. If you’re going to school in a different state or county, ask the agent if there’s a price difference in where the vehicle is garaged. Since you’re on your parent’s policy, ask whether they have their homeowners (or renters), health, and/or umbrella liability insurance with Allstate. If not, explain that putting all their insurance policies with one carrier will lower their rates.
2. Look into raising your deductible. If your current deductible is $500, ask your agent to raise it to $1,000 or the company’s maximum deductible. Put the difference in a savings account. You’ll not only be able to cover the difference in the deductible, you’ll be starting a nest egg that will earn interest.
3. Since your Tacoma is paid off, consider purchasing Liability Insurance rather than a policy that covers repairs to your vehicle (Comprehensive). Liability will reduce your premium but won’t pay for repairs, vandalism or theft.
4. Check your coverage. A policy written for 20/40/10 will cost less than one written for 300/500/100. http://www.insure.com/car-insurance/basics.html
Don’t expect a significantly lower premium until you get to be 26. Unfortunately, insurance companies base their rates on statistics; no matter how well you drive or how responsible you are, prices are based on your age and where you live. Some companies even factor in your credit score!
Do not under any circumstances drive without insurance. In most states it’s illegal. If you’re caught you may lose your vehicle and/or face a major fine. Worse, you could be liable for a horrendous amount of money if you’re in an accident, especially if it’s your fault and someone is injured or their property is damaged.
September 1st, 2010 at 9:25 pm