Official Insurance Premium Discussion Thread

[themann1984]

Originally Posted by JungleB

Wow, that's pretty good. I was quoted $880 a year, but I'm 36, no accidents or tickets in recent history and live in a low cost area. I'm presently paying $300/year for my VW.

Something for everyone to keep in mind, much like car buying, you can negotiate rates on insurance. If you find cheaper rates talk your present insurance agent and see if they can match or beat the rates. And take your lowest quote and show it to other companies to see if they can beat it. I was surprised at the rates I was offered when I started shopping around.

You can't negotiate rates. If you go to your agent and they get you a lower rate it is because they either "found" more discounts to apply to your policy, reduced your coverage, or rewrote you into another company with a lower rate level.

Also realize, the agent is paid by commission that is usually 10% to 15% of your premium. It is not in their best interest for everyone to get lower rates.