Am I paying too much for my car insurance?

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  • #128507
    unknowncurfew
    Participant

    My Geico rates just went up by 23% in Virginia even though I have a clean driving record. I’m wondering if this is normal or if I should really shop around for other options. What do you pay and what kind of coverage do you have? Any advice is appreciated.

    #129588
    intensely_witty_baron
    Participant

    As someone who worked in collision repair in Northern Virginia for almost 20 years, I advise staying away from State Farm, Allstate, and Liberty Mutual because they often “don’t pay for that” when it comes to manufacturer-required repairs in a collision, potentially leaving you with extra costs above your deductible. Your location in Virginia might make exploring other carriers a priority.

    #129589
    vial_of_drums
    Member

    I’m in Illinois and pay around $1200 per year, which is $100 per month, for two drivers on a 2012 and a 2016 Subaru with coverage around 100/300/100, plus comprehensive and new car replacement. Even with two minor not-at-fault accidents in the last 10 years, my rates haven’t really changed.

    #129590
    ElectricReformer
    Member

    I used to use Allstate until they wanted to double my premium, despite having no claims for over 10 years. I switched to Travelers and have been with them for over 3 years. A significant rate hike like your 23% could mean it’s time to explore other insurers.

    #129591
    shabby_browsing
    Participant

    I just switched from Geico to Erie, and my auto insurance rate was one-third the price, and my condo insurance was one-quarter of what I was paying before. Getting quotes from multiple companies, including local agents, is definitely a good idea.

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