Compare car insurance quotes

First of all, if you finance the vehicle, liability is not an option. A financial institution, which lends you money for a car, wants that auto 100% covered. A borrower (we) legally does not even own the car until it’s fully paid off. After outstanding balance on the account will be $0, lender will mail you a vehicle title and from the time you are an actually owner of the vehicle with the title in hands. It is always a possibility to opt for a cheaper liability car insurance. But many drivers still choose full coverage policy premium with higher limits as in case of an accident your car repair expenses and medical bills will be covered.
It is always wise to get few quotes for auto insurance. For some reason, cost to insure our 2016 Toyota Camry with Progressive was over $800 for one half of a year. We bought State Farm which was about $50 cheaper, and to be precise it is $56.54 (six month) or $9.5 per month more expensive than Safeway. So, we are somewhere in the middle. From the pure numbers, we didn’t get the best deal on auto insurance, but we just didn’t make such goal. It’s still better that $253 down payment and five payments of $120.25. For a pure savings you can get multiples quote, and probably find less expensive auto insurance.
Years back, I finance a car through State Farm Bank, and bought their auto insurance. Later, I have an accident not because of my fault, but made a claim with State Farm. They covered all car repairs and paid medical bills. My case went to court, and even though the other side that caused the accident was proofed guilty by judge and was fully responsible for my bills, State Farm start raising my monthly payments. After a second increase, I just cancelled my policy and bought cheaper one from the other insurance company. We’ll see how it will go this time…

And come back to the point

In order to cancel our current policy, the agency we purchased auto insurance at the first place asked us to fax a request for cancellation with a reason why, and new policy number. As the car was purchased on my wife’s name, she sent the auto insurance policy termination request stating: “Please cancel my insurance policy effective and refund the unused portion of my payment. I insured my car with another insurance company” (with signature at the bottom).

For comparison

I paid $175 (six month term) for basic liability insurance from Unique Insurance Company for my old 2002 Nissan Maxima. With numbers only in mind – if you are shopping for a new car, prepare for an additional expense which could be surprisingly high. As I considered buying Nissan Rogue or Nissan Murano, Progressive and State Farm quoted both those vehicle slightly cheaper compare to Toyota Camry. 2016 Nissan Murano was a least expensive car to insure.

Just a single viewpoint

All number certainly couldn’t be applicable to all drivers who shop for car insurances. There are millions of factors will affect your policy premium from your age, driving record, and area where you live to applicable discounts if you are adding auto policy to your home insurance.

Conclusions

Now we would do things differently with the car insurance.
- We wouldn’t use any insurance agency recommended by a dealer.
- We would get a few online or over the phone quotes from a few big insurance companies before picking up the car.
- We would call the company which gave the best quote from the dealer and provide a VIN number of a car we are buying. Most auto insurances offer 24/7 sales and support over the phone.
- We would make a full payment for six month over the phone and get them our policy faxed to the dealer.
- Forget about the car insurance after the car purchase.
Owning a new car turns to be a tremendous increase of expenses not only counting car payments, but cost of car insurance as well. As for now, on top of monthly payment we pay additional 35% for car insurance alone.