I bought my FM Tc in April and was quoted 138.00 per month for insurance. Two months later they are telling me I will be dropped or my rate will increase to 650.00 !!!! WTF Where is the best place to go?

 

$650.00 per month -- wow, that's quite a lot. Why are they charging you so much, and why did they more than quadruple it?

 

Well statefarm has been pretty good with me. But im over 25, pretty clean record, and been with them for 8 years so....They only raised my insurance about 6 bucks when i got this and thats only because its a brand new car. Im paying about 96 a month. Full coverage.

 

I was paying 78.00 per month for liability only on my tbird. When I switched to full coverage on th Tc, it rose to 138.00 I have had three accidents in the last three years (one per year), no tickets. They said they reviewed it and told me I'd have to go to an underwriter. Thats when the price skyrocketed. Does anyone know who might specialize in high-risk drivers. Im a 22 year old full-time worker/student.

 

i put down deposite for my tc last week, I called AIG for a quote, full coverage will be $1800 a year. that is about $150 a month.
I am 26 right now and have 8 point on my record.

 

just to make you guys feel better....my younger sister pays $3200 a year for her Lexus is300

 

And that's worse than $7800/yr for a tC how?

 

well, I 'm assumming he isn't going to be paying 7800

 

So I don't think they would just randomly quadruple your insurance... so what did you REALLY do?

 

Try Mercury I'm in CA (some of the craziest insurance prices in the US) got 2 tickets on my records and pay about 150 a month

 

That is why, insurance companies want to make money off their customers not lose money. Many companies would just cancel you outright, this one thought they'd keep you but just jack up the price to make it worth keeping you.

here's a post I made on another thread:
As probably the only insurance agent in these forum, I think maybe I should chime in. Everybody probably falls into 3 categories here:
1)Has 2 more more tickets or an accident in the past few years: in which case you are going to pay extremely high rates because you are considered a high risk, especially if you are under 25. You will have to go to a risk company that specializes in high risks, probably the best known is Progressive. Many companies won't even write you and you really shouldn't be driving a brand new car.
2)Under 25 with a good record: you should probably be in the same insurance company as your parents. Why? Because you will most likely be getting a home & auto discount and a multi-vehicle discount (this is only if the company has you on as living with yout parents).
3)Over 25 with a clean record: shop around and pick a company that specialises in lower risks. There are companies out there that will give you discounts for being college educated, having children, and all sorts of other things.

A few other things:
1)A security system usally entitles you to a discount.
2)Every company is going to look at a Scion differently. Some will see it as a Sports Coupe gears towards younger drivers that should have higher rates for, others will see it as a cheap Toyota which mostly educated, responsible and family oriented people drive.
3)Some companies check your credit, some don't. Checking credit is the direction the insurance industry is heading in though as people with bad credit tend to be less responsible drivers and customers that don't pay their bills are not usually the type of customers wanted.
4)When calling for a quote mention it is a Toyota, the first time I quoted a Scion I had no idea what to put it down as.
5)If switching companies be prepared to put down a down payment usually of a couple months.
6)If you have accidents or tickets it gets very difficult to switch companies because nobody will want you unless you pay them a lot, although you won't have a choice if the company you are with is cancelling you.

 

i just got quoted for my soon-to-have tC at $744/6 months. i have no tickets or accidents ....

i have a bad feeling this no ticket thing will change soon (ak ak ak....)(knock on wood too)

 

haha, my insurance went down when i ditched my pathfinder and bought my TC. Dropped from $78 to $70 a month. Y'all are paying too much

 

seriously you guys do pay a lot in insurance I got my xA in April and im paying $568 a year

 

Thanks for trying...but I pay the same for my tC

 

ouch! sorry to hear it

 

my dad went to insurance company here then he said his the one whose going to drive my tC but the truth is me whose going to drive it..... its just to lower the insurance thing so the insurance said that they going to charge it to $78 or $79 full coverage!! per month!!! haha!! woot!! woot!!!

 

^^^ just pray you don't get in an accident or a speeding ticket...the rates go up significantly, and the insurance wants to know why you are driving the car

 

I pay $240 a month for full coverage....

 

Get on your parents policy, that's what they're for $78/month full coverage, no wrecks, 1 speeding ticket., oh and 1 claim for the bullet hole.