I own a 2006 Camry that hardly gets driven, yet I’m paying $300 a month for insurance. I didn’t get my license until I turned 18, and I’ve never had an accident on my record. I’ve been with Progressive for a few years, but my monthly payments have only dropped by about $20 when I renewed last year. I have around two months left on my current policy, and I feel like nearly $300 for an ’06 Camry is too much. Should I start looking for a new insurance provider once this policy expires?
I own a 2006 Camry that is barely driven and paying $300 a month on car issuance.
It definitely sounds like you could benefit from shopping around for a new insurance provider when your current policy expires. Here are a few steps you can take to potentially lower your monthly premium:
Compare Quotes: Reach out to multiple insurance companies to get quotes. Websites like Geico, State Farm, and others allow you to easily compare rates. Even local insurers might offer competitive rates.
Check Discounts: Make sure you’re taking advantage of all available discounts, such as safe driver discounts, multi-policy discounts (if you insure other things like home or renters), or low mileage discounts since you don’t drive much.
Review Coverage: Consider whether you might be overinsured for your 2006 Camry. It might be worth discussing with an agent what coverages you really need or if you can adjust your deductibles to lower your premium.
Explore Usage-Based Insurance: Some companies offer usage-based insurance, where your premium is based on your driving habits. If you don’t drive often, this could save you money.
Evaluate Your Current Policy: Sometimes, just discussing your current policy with Progressive can lead to additional discounts or adjustments that might lower your bill without needing to switch providers.
Ask About Loyalty Discounts: If you’ve been a loyal customer to Progressive, it may be worth inquiring about any loyalty discounts they might offer.
Since your policy is up soon, it’s a good idea to start researching now so you can make an informed decision when the time comes. Good luck!