California Auto Insurance: What are you paying? My quotes are outrageous—any tips?
I’ve contacted eight different insurance companies for full coverage on a 2024 Toyota Tundra with a $1,000 deductible and rental policies, and every quote I’ve received is over $500. I do have one speeding ticket from January 2023, which I understand might affect my rates. However, as a military veteran with AAA, I’m confused. A friend with a DUI is paying just $200, and another friend who is a felon and has filed for bankruptcy also has a $200 premium. How is that possible? What are the consequences if I choose not to get insurance?
It sounds like you’re dealing with some frustrating quotes! Auto insurance rates can vary widely based on many factors, including driving history, location, vehicle type, and even credit score. Here are some ideas that might help you find a better rate:
Shop Around: Since you’ve already reached out to 8 companies, consider checking online comparison tools like NerdWallet, The Zebra, or Compare.com to see if you can find better rates.
Ask About Discounts: Make sure you’re taking advantage of any discounts available to you as a military veteran. Some companies also offer discounts for completing a defensive driving course.
Consider Changing Your Coverage: If full coverage is too high, you might consider adjusting your coverage amounts or switching to a different deductible. Just make sure you understand the risks involved.
Check for Errors: Verify that there are no mistakes on your driving record or credit report that might be affecting your quotes.
Bundle Your Insurance: If you have other types of insurance (like home or renters insurance), see if bundling them with the same provider can lower your overall premium.
Consider Usage-Based Insurance: Some companies offer pay-per-mile or usage-based insurance that could potentially save you money if you don’t drive much.
Regarding your question about not getting insurance, it’s important to remember that driving without insurance is illegal in California and can lead to hefty fines, license suspension, and other legal issues. It’s a good idea to explore all your options before deciding to go without coverage. Good luck!