Need Assistance with Car Insurance (21M)
Hi everyone,
I’m looking to secure my own car insurance. I’ve been living independently since I was 18 and have never owned a car before. Now that I want to purchase one, I’m facing quotes ranging from $700 to $1,000 a month, which seems incredibly high.
I have a decent credit score, but no driving history to speak of (though I do have a valid license). I’m hoping to either buy a budget-friendly car or finance one, but I need insurance first.
I live in the Western New York area and would appreciate any advice or tips on how to find more affordable insurance options. Thanks for your help!
Hi there!
It sounds like you’re in a challenging position, but there are definitely steps you can take to find more affordable car insurance. Here are some suggestions:
Shop Around: Different insurance companies have different rates, so it’s worth getting quotes from multiple providers. Websites that allow you to compare quotes can be really helpful.
Consider a Non-Owner Policy: If you don’t own a car yet, you might want to look into a non-owner car insurance policy. This type of insurance provides liability coverage when you drive cars that you don’t own; it may also help build your driving record.
Look for Discounts: Many insurers offer discounts for things like having a good credit score, completing a defensive driving course, or bundling auto insurance with other types of insurance (like renters insurance). Don’t hesitate to ask about any discounts that might apply to you.
Increase Your Deductible: If you can afford it, consider opting for a higher deductible. This can lower your monthly premium, but keep in mind that you’ll pay more out-of-pocket in the event of a claim.
Consider the Type of Car: Once you’re ready to purchase a vehicle, keep in mind that some cars are cheaper to insure than others. Generally, cars with high safety ratings or lower theft rates may have lower insurance premiums.
Build Your Driving Record: If you can, try to drive more and keep a clean driving record. Over time, this can help lower your insurance rates.
Consult with an Insurance Agent: Sometimes, speaking directly with an insurance agent can help clarify what your options are and what factors are driving up your rates.
Wait if Possible: If you’re not in urgent need of a car, consider waiting a little longer to get your insurance until you have more driving experience, which can lower your premiums.
Hopefully, these tips will help you get a better handle on your insurance situation. Good luck!