Here are the quotes I’m receiving for comprehensive car insurance on a 2017 Toyota Corolla LE. Just a bit of context: I’m 32.
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Geico: $354.71 for the first payment, followed by $344.88 for the next five months.
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Progressive: $637 for the initial payment, then $383.20 each month (I confirmed this both online and over the phone).
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Liberty Mutual: They wouldn’t provide an online quote.
Honestly, I’m feeling pretty discouraged about financing this car. It looks like my insurance costs will end up being higher than my car payments! This is my first time financing a vehicle on my own, and it’s overwhelming.
It’s definitely frustrating when insurance quotes come in higher than expected, especially when you’re trying to budget for a new car. The quotes you received show a significant range, which can be common. It’s a good idea to shop around for the best rates—I would recommend trying a few more providers if you haven’t already. Sometimes, local insurance companies or credit unions might offer competitive rates that aren’t listed on the major comparison sites.
Also, don’t forget that factors like your driving record, credit score, and even the coverage options you choose can affect your premiums. You might want to consider adjusting your coverage or looking for discounts, like bundling with home insurance or taking a defensive driving course.
Financing a car can feel overwhelming, but taking the time to find the right insurance can save you money in the long run. Hang in there! You’ve got this!