I feel like I'm paying way too much for car insurance, what do you think?

29 year old male, single, live in Missouri. I drive a 2015 WRX and have been insured with Progressive for around 6 years. No tickets, only claim in the past 5 years was for windshield replacement. I did have an at-fault accident around 8 years ago but that has since fallen off my record. I also own a home and have homeowners with Progressive, so I'm receiving the multi-policy discounts on both.

I currently have 250/500/100 liability, 250/500 uninsured and underinsured, 10,000 medical, $500 deductible and rental reimbursement, and my 6 month renewal rate I just got is around $670 if paid in full, which is actually about 50 bucks higher than the last 6 months. I thought it was just Progressive being expensive, so I got quotes from some other companies and they're all in the same ballpark as Progressive.

I realize if I'm after cheap insurance, I bought the wrong car, and it's not a question of whether or not I can afford the insurance. I can. But, I guess given the clean driving record, the homeownership, the multi policy discounts, etc, I'd expect my insurance to be cheaper. Even under $600 would make me happy. I bought the car almost 2 years ago and my renewal rate has crept up slightly since then despite the fact the car's depreciating.

Does the rate I'm paying sound completely unreasonable to anyone else?

Posted Feb 22, 2016, 4:03 AM UTC

17
Loading comments…