My wife and I have car insurance with Allstate. We have 2 vehicles: 2012 Honda Civic HF, 2012 Honda CR-V EX. Both vehicles are around 150-160K miles. Neither have had any claims or accidents. No tickets in the last 10 years, we’re both in our 40s. Only have liability coverage and it is still around $1,450 for 6 months of coverage. What am I missing?? Is this normal or high? I contacted an independent insurance broker and they said that was the best deal they could find. 1 more question, can I shop insurance when my credit is frozen?
I too have Allstate. They jacked my rate up to almost $1,400 from $1,100 so I shopped around. I went with Progressive and got the same coverage for $850.
I shop around for home and car insurance almost every year. If you stay with any one company they just keep jacking up your rates.
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UniversalSam, For anybody to answer your question we need to know where you live.
I live in N.E. NC. I have an 8 year old Chevy Volt and I keep full coverage on it. My premium for 6 months is around $450. I’m with State Farm.
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We are in Tulsa, Oklahoma.
How to Shop for Lower Car Insurance
https://clark.com/insurance/car-insurance/how-to-shop-for-auto-insurance/
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There are several issues here. Your location is a big factor, your credit rating is also a big factor, so yes, unfreeze it while you shop. Inflation is a big issue for all companies, and staying with one care doesn’t make your rates go up. That’s just silliness! Companies change their underwriting goals a lot. This year they only really want new cars and older drivers, next year they may want younger drivers. Or, high income people or lower income people. Their plans change just as yours do. That’s why you shop it and preferably with an independent insurance agency that does a lot of personal lines business. Many are primarily commercial business and write personal lines as a support to their business customers. Ask that question. I’m in GA and we’ve had high rates forever. Rates are a function of claims, everyone’s claims. Your claim history may cost you more, or cause you to not get insurance. The limits you carry makes a difference. Many top carriers won’t insure people who carry <$100k liability limit. If they do you don’t get their best rates. There is a correlation with claims. Allstate, State Farm and a few others are captive companies, which means that they only quote their one company. That in itself doesn’t make them good or bad, but it may not be the best deal and they won’t tell you. Ever carrier out there has people who’ve had a bad experience with them. It’s insurance, virtually no one like them or having to buy it, so recommendations from those people are pretty much worthless. Recommendations of agents have value. And, you get what you pay for. Cheap could be very costly. If you are cancelled by one company that could hurt you for a long time. You may wind up in an assigned risk pool or a secondary. They are expensive. Companies like State Farm, Travelers, Hartford, USAA and AMICA are top notch companies. There are hundreds of cheap ones. The cheap ones may cost you way more in the long run. Shop it and don’t just go with the lowest price!
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Oh no! Have you shopped around? I’m in expensive CA. I got auto with CSAA, very highly rated. I had an acicdent on my record and a brand new loaded BMW lease, yet I got coverage for about 1440/year with full coverage at 100/300k and 1000 deductible with OEM parts add on. I do have a stellar credit rating but State Farm couldn’t even come close even though I tried to bundle it with my HO. I think you should keep trying! My credit is also frozen. I think you could warn them it is frozen and offer to temporarily thaw it if you like their offer.