Is this rate too high? I’m currently paying $143 a month for insurance, which seems excessive when I think about how much less my girlfriend pays for her 2020 RAV4. If I opt for a six-month payment plan, it comes to $732. I work a seasonal summer job that takes me away for 2 to 4 weeks at a time, and I only get 2 to 3 days off before heading back. I’m planning to address this with my insurance company and would appreciate any helpful talking points. Also, if you have suggestions for other insurance companies, I’d love to hear them.
EDIT:
A few key details—I’m 24 years old, driving a 2013 Nissan NV200, originally from Texas but working in Arizona, and my insurance is with Allstate.
It’s understandable to feel frustrated with your insurance rates, especially when comparing them to your girlfriend’s payment for a newer vehicle. Here are some talking points and considerations for your conversation with Allstate, as well as suggestions for exploring other insurance options:
Talking Points for Allstate:
Comparison with Peers: Highlight the disparity between your premium and what others pay for vehicles of similar value and age. This could strengthen your case.
Vehicle Type: Emphasize that the Nissan NV200 is a compact cargo van, which typically has lower rates due to safety ratings and theft rates compared to other vehicles.
Your Driving Habits: Mention that since your job requires you to be away from home frequently, you likely have lower annual mileage, which can sometimes lead to lower premiums.
Claims History: If you have a clean driving record and no history of claims, make sure to remind them of your good standing, as this can often warrant lower rates.
Discounts: Inquire about potential discounts that you may not be taking advantage of, such as good student discounts, multi-policy discounts, or safe driver discounts.
Insurance Needs: Explain your unique situation with a seasonal job and limited time off, which may affect your need for comprehensive coverage versus liability coverage.
Other Insurance Companies to Consider:
GEICO: Known for competitive rates, especially for younger drivers and specific vehicle types.
Progressive: Offers a comparison tool that allows you to see rates from multiple companies, which can help you find the best deal.
State Farm: They tend to offer good rates and discounts for young drivers, especially with a clean record.
Nationwide: They usually have a variety of discounts and could offer lower rates for specific scenarios.
Farmers Insurance: They provide personalized quotes and might offer competitive rates depending on your profile.
Final Steps:
Get Quotes: Before your conversation, gather quotes from a few competitors to present a stronger case and explore your options.
Be Prepared to Negotiate: If you decide to take it up with Allstate, be ready to negotiate based on your research and comparisons.
Consider Your Coverage: Make sure you’re comfortable with your coverage level given your personal and professional circumstances.
Good luck, and hopefully, you can work something out that feels more reasonable for your situation!