I have a 2006 Camry that hardly gets driven, yet I’m paying $300 a month for car insurance. I got my driver’s license at 18 and have never had an accident on my record. I’ve been with Progressive for a few years now, and my monthly premium has only decreased by about $20 when I renewed last year. I’ve got around two months left on my current policy, and I think paying nearly $300 for an ’06 Camry is excessive. Should I start looking for a new insurance provider once my policy expires? I’m 24 and live in the DFW area.
I own a 2006 Camry that is barely driven and paying $300 a month on car issuance.
It definitely sounds like you’re paying a high premium for your 2006 Camry, especially since you’ve had a clean driving record and limited mileage. At 24, you might be in a better position to shop around for more competitive rates or discounts.
Here are a few suggestions:
Compare Quotes: Start by shopping around with different insurance providers to compare rates. Some companies may offer lower premiums for your situation, especially since you have a clean record.
Discounts: Ask about any discounts you might qualify for. Many insurers offer discounts for things like good driving records, low mileage, or bundling with other insurance types.
Coverage Levels: Review the coverage levels you have. Make sure you’re not over-insured for your car’s value. Sometimes adjusting your deductible can also lead to lower premiums.
Local Options: Since you’re in the DFW area, check out local insurers or regional providers that might offer competitive rates.
Consider Usage-Based Insurance: Some companies offer usage-based insurance programs that can lower your premiums if you don’t drive much.
Given that your renewal is in two months, you have a good amount of time to research and possibly make a switch. It might be worth reaching out to your current provider as well to see if they can offer any incentives to keep you as a customer. Good luck!