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I remember someone mentioning they used to pay between $30 and $35 per month for basic coverage for almost ten years before their company was bought out and the rates went up. This shows that it is possible to find very low rates, but it might take some searching and could change over time.
I was once told that cheaper insurance companies might have worse customer service if you ever need to file a claim. So, while you might save money on your monthly premium, it’s something to consider if you’re willing to take that risk for the absolute lowest cost.
When I was looking for cheaper insurance, someone suggested using a website like PolicyGenius to get multiple quotes at once. This can save you a lot of time compared to getting individual quotes from many different companies. You can then easily see who offers the absolute lowest price for the minimum coverage you need.
From what I’ve gathered, your age and driving history play a huge role in insurance costs. As a new driver, you might find rates are higher regardless. However, focusing on the bare minimum liability coverage is generally the cheapest way to go.
I once considered a pay-per-mile insurance option when I wasn’t driving much. I heard of Metromile where some people reported paying as low as $27 per month. If you don’t drive many miles, this could be significantly cheaper than a standard policy.
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