How much do you pay for car insurance?

Answer 1

nothing

Answer 2

Currently 24-years-old and pay $2,676 a year for car insurance.

Both cars are Volvos -- one being a 2009 S80 and the other being a 2002 S40 -- and the better of the two has full coverage. I have never been in a crash and was first licensed at 17-years-old. Other tidbits that supposedly lower my insurance include having a bachelor's degree, and being married.

The other person is a female and is in college full time with a 3.5 GPA. We live in Rhode Island. It also seems as though the cost of insurance is steadily going up. I have not received a car violation -- speeding ticket, etc. -- within the last 5 years either.

Answer 3

Approximately $150 per month for liability only in North Carolina. Then again - I have a few point on my insurance for a couple wrecks...

But you can't base how much your car insurance will be on how much other people's insurance is. Your rate depends on:
1. Your experience (it costs more with the less experience you have. The more experience you have, the cheaper you insurance is).
2. What type of vehicle you have. (The safer the vehicle, the cheaper the car insurance.)
3. How many points you have on your insurance (if you have ever been in an accident and the accident was your fault, you have 'points' on your insurance, which costs you more money).
4. How many points you have on your license (if you have points on your license for speeding tickets, etc. your rate may be higher.)
5. What kind of coverage you have. Liability is cheap because it doesn't cover your vehicle if you get into a wreck and the wreck is your fault - it only covers the other vehicle. Full coverage covers everything.
6. Where you live. Where you live determines how much your car insurance is. Some areas are more high risk than others.

Answer 4

Insurance companies aren't like cable companies; it's a competitive market and they have strong incentives to give you the best rates they can. Their main customer service reps will be able to give you the best rates the company can offer--it's definitely worth calling to do a review. I’m only paying $27/month with Insurance Panda. Rates are based on actuarial equations and the companies have pretty slim profit margins. Shopping around is always wise, even if you've been with a company for many years.

Also, it's probably not wise to carry only minimal automotive liability coverage unless you have a larger umbrella liability policy for yourself. Medical expenses in the U.S. are outrageous--a simple fender bender could cost more than $25,000 if the person you hit tweaks their neck for example. If that happens your insurance company will simply pay out the policy limit and then you're on your own when you get sued for the rest of the medical expenses.

Answer 5

600 in 6 months but now 1200 in 6 month... Why am I paying to much. Texas Camry 2010 with Allstate

Answer 6

way too much!!!! I use to pay $90 a month now im up to around $130 a month or something insane!!! but thats what happens when you spin out in the rain and hit the curb!! (I have a sports car that is lowered so naturally F'd the undercarriage) :(

Answer 7

Insurance companies aren't like cable companies; it's a competitive market and they have strong incentives to give you the best rates they can. Also, it's probably not wise to carry only minimal automotive liability coverage unless you have a larger umbrella liability policy for yourself.

Answer 8

I pay about $150/month. And I have good student discounts & I'm a female. However it's a little higher than when we first started paying it because I got into a car accident once. So it can depend on a lot of factors.

Answer 9

I pay $97 a month. I have been with the same company for almost 10 years.

Answer 10

I am 19, i drive a 14 year old car, with unensued motovehiclist coverae, and medical coverage. I pay 764 for 6 months. I live in CA and have a clean driving record.

Answer 11

If you're asking this to get a sense about what you pay-- bear in mind insurance varies greatly depending up on age, driving record and where you live. Mine got a lot lower just because I moved 20 miles further into the country.