getting raped by gieco.......help?

Question

just wondering because im getting raped by the insurance company right now. im paying 510 a month for a civic ex coupe, i am 17 but thats still insane, and i have a perfect record. so i want to know if any of you know how my car compares the the insurance rates on say a mustang or camaro for me? im not getting one btw
and if you can help in any way to tell me why im paying so much.

Answer 1

First of all you are not getting RAPED BY ANYONE!!! You are young and have no driving experience, quit your complaining since you have a million questions concerning this and go to some crap company instead, you will save money but you better hope you never need to USE your insurance because they do not pay out very quickly, if at all...YOU ARE YOUNG....INSURANCE IS ABOUT RISK....YOU ARE A SUPER BIG RISK SINCE YOU BARELY HAVE ANY DRIVING EXPERIENCE....it is just going to take time.....only other thing you can do is drop to liability coverage...

Answer 2

Jake-
If you are making payments on the car, your finance company will insist that you carry full coverage to protect their interests. If you paid for the car yourself and hold the title, you can play around with the coverages that you want to try and bring the price down a little. Most states only require you to carry liability insurance, ( that will pay for damages that you cause to another persons property). Collision and Comprehensive coverages are up to you. Insurance is about the only thing that you pay out the butt for and pray that you will never use...
Collision coverage does what it sounds like...pays for damage that you cause on your own car. Comprehensive coverage is damage to your car from just about everything else (flood, hail, fire, etc). You did not indicate what year your car is....this makes a difference as well. Older cars really don't need comp and collision. If your car is worth 2k and you are paying $500.00 a month, you could buy another car in 4 months!
Play around with your deductible. If you have no accidents try bumping the deductible up to about $1000.00 . That may seem high, but if you save a few hundred dollars each month, you can put some of that savings into the bank and pretty soon you will have that $1k cushion (just in case).
Try a website like Progressive Insurance has. They will give you their price as well as one or two other companies. At least then you will know if you are getting screwed, or if you are just a victim of statistics. Male drivers under the age of 25 have the absolute highest rates of any group. I know, because when I added my son to my policy, it doubled my rates (and he only had liability).
When you compare companies, make sure that they base their rates off of the same level of coverages. Otherwise you may look like you are getting a better deal, only to discover you are not adequately protected.
Shop around and good luck!

Answer 3

You're 17, and since you use"Jake" as you nick, I assume you are male. You say you have a perfect record, so I assume no tickets or accidents. What year is your civic, and how many miles on it? That will affect rates also. Any sports car will be higher, and the newer the higher. Generally speaking, 2 doors is a sports car.

If you aren't happy with your current rates, look around for better rates, but you are not getting "raped"

Answer 4

Is the car registered in your name? Are you listed as principal driver on the car? These are things that will up your rates.

I would suggest going online and get different quotes from several other insurance providers. Start with einsurance.com and go from there. Seven thousand a year sounds high to me, but I can't say for sure. good luck.

Answer 5

Been there..

I just put the car under my parent and pay my half of the insurance. Most of the time it does even go up.. Saves money for everyone.. Geico also takes discounts for students, car safety features so check with them and see what discounts you can get...

Also depends on what location the car is parked, financed, color, year.. (you know anything so the insurance company can get more money...)

Answer 6

OUCH! The price depends a lot on the amount of coverage you have (full coverage costs a lot more than minimum coverage). Insurance rates also depend on the state you are in. Areas that have high numbers of uninsured drivers cost more. I would look into other insurance companies and ask for quotes. It could just be Gieco ripping you off. Good luck!

Answer 7

You can't rape the willing, dumba**. Shop around for another company if you are so unhappy.
Sheeze....