California Auto Insurance: How much are you all paying? I’m getting some really high quotes and could use some advice.
I’ve contacted 8 different insurance companies for full coverage with a $1,000 deductible and rental policies, and so far, everyone is quoting me over $500 for a 2024 Toyota Tundra. I do have a speeding ticket from January 2023 that I’ve taken care of, so I understand that might affect my rates. However, as a military veteran with AAA, I’m surprised at the high costs.
Interestingly, a friend with a DUI is only paying $200, and another friend, who has a felony and went through bankruptcy, is also paying $200. How is that possible? What would happen if I decide not to get insurance?
It sounds like you’re dealing with some frustrating insurance quotes! Auto insurance rates can vary significantly based on several factors, including driving history, vehicle type, location, and even the insurance company itself. Since you’ve already reached out to multiple insurers, here are a few tips that might help you find a better rate:
Shop Around and Compare: While you’ve contacted eight insurers, consider trying a few more. Each company has its own underwriting process, and you might find a better rate with a different provider.
Ask About Discounts: Sometimes insurance companies offer discounts for military service, good driving record (aside from the speeding ticket), or bundling policies. Make sure you’re taking advantage of any available discounts.
Adjust Coverage Levels: While full coverage is important, consider if you really need all the coverage options included. Adjusting your coverage levels or deductible could lower your premium.
Look for Usage-Based Insurance: Some insurance companies offer programs where your rate is based on how safely you drive. If you’re a safe driver (other than the ticket), this could help reduce your rates.
Increase Your Deductible: If you can afford to do so, raising your deductible above $1,000 may help lower your premium.
Check Reviews and Ratings: Sometimes it’s worth looking into insurance companies known for dealing fairly with veterans or those with similar profiles.
As for going without insurance, it’s important to know that driving without insurance is illegal in California, and you could face fines and penalties if you’re caught. Additionally, being uninsured can lead to significant financial risks in the event of an accident.
Keep looking for the right policy, and don’t hesitate to reach out to your local insurance agents who might have additional insights or options. Good luck!