That’s how much a friend of mine pays every 6 months – $1600! (ouch). I guess it doesn’t help having a couple DUI’s and a fancy a$$ sports car ;)
With extremes like that aside though, what do you think the average person pays for car insurance? I’m going to guess $1000/6 months, and now google it and see what i can find. Well, I was *kinda* close!
According to CompuQuotes, the average car insurance costs $800/year.
oh wait…so i was WAY off actually, cuz “per year” would make my guess @ $2,000…haha, oops. I also checked out another site (rmiia.com) that had the national average @ $816/year, so that # looks to be pretty accurate. In fact, this site breaks it down even better by showing it by state, and over a 3 year time-span so that’s pretty cool. It looks like Maryland, where i reside, is up at around $949/year. Some of this info is a cple years old, but you get the point.
You like how i base everything on 6 months intead of 1 year? It’s how USAA does it, so I guess I’m more in line with that thinking ;) In fact, USAA is the only car insurance company I’ve ever used! Crazy, huh? I’m just too in love with them to stray really, although i did try a cple times (shhh, don’t tell!) but even then Geico, Allstate, and State Farm were wayyy off.
The Mrs. and I Pay a total of $706.51 in car insurance every 6 mo’s for 2 cars
- ’93 Cadillac Deville, 6 Month Premium @ $330.30 with a $200 deductible.
- ’05 Toyota Corolla, 6 Month Premium @ $376.21 with a $200 deductible.
So for ME, USAA is the best, but it could be anyone’s guess as to which is the best for YOU. There are sooooo many variables that get thrown into the company’s calculations that make ya crazy – driving records, deductibles, coverage, the car you drive, the state you live in, the body parts you have – they all play a part in this silly game. I always recommend comparing quotes from at least 3 places for sure.
A co-worker also told me that some companies will knock off a few dollars if you pay the entire price up front too! Never came across that myself, but I know sometimes you can get a discount for having the amounts automatically deducted every month. I’m a big fan of breaking them into monthly payments than paying a huge chunk anyways.
So yeah, car insurance sure can differ out there. I’m hoping you all pay around the average yourselves, but if not let us know why! I could use some drama today ;)
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{ 8 comments… read them below or add one }
Yeah, try 6500 per year, my wife and two sons were homeowners, safe driver, no speeding, no dui (ever), no accidents (ever). we try and get quotes from other companies and get quotes within 100 dollars +-. We go with the standard 100/300 or whichever it is and heres our vehicles.
2003 dodge ram (paid off)
2006 buick terazza (paid off)
2009 hyundai elantra
You tell me, in my book they are criminals. We live in a rural area, no public transportation. You have to drive to work or dont work, your choice.
Wowwwww, that is insane. I’ve never heard of that! Your area must be high in accidents/crime or something?? That’s so weird. Though, $100/$300 IS very low for a deductible, but still. Something’s def. off there, I’m sorry to hear my man :(
It’s a shame all the other comments got wiped away when I changed blogging platforms cuz there were a lot of others to compare it too. Highs and lows, but def. don’t recall THAT high. Hope things change for you down the road!
I pay 4300 a year never had a DUI, had one speeding ticket two years ago and I finance my current car. I feel like I am gutting screwed!
Damn. Yeah something’s not right there, that’s crazy! Any chance you were in the military, or your parents? If so, I’d HIGHLY suggest checking out USAA and seeing what they can offer. That’s just bonkers – I’m sorry to hear.
ugh i pay 625 a month! just for car insurance alone that shit is CRAY young driver with bad driving record living in a bad area
Ouch. Yeah, not good at all my friend. No hope even searching around some other companies to see if anyone can beat it? If not, just start driving better and staying out of trouble! You’ll be rewarded in a lot more ways than just financially – rock it!
I just bought a new 2012 Honda Civic, full coverage, $500 deductible, also kept my 1999 Ford Ranger 4×4, liability only plus underinsured motorist, etc… my policy is $549 every 6 months for both vehicles. Drive safely, budget wisely (good credit matters) and choose a car with excellent safety ratings. Oh, and it may be the only case where being a middle aged female is actually a good thing.
Woah good for you! That is an incredible deal. Hondas are awesome cars too, very reliable. Enjoy the saving! :)