My insurance is raising my premium from $1500 to about $7000. I had an accident with a large payout (State Farm decided on their own, though I guess the standard is that I don’t really have a say in it).
Im turning left, bike at around 20mph+ on sidewalk racing down and I hit them. This happened 2 years ago. Insurance claimed me and them 50/50 at fault.
I got the news recently that my premium is going up to that amount and I’m panicking man. This is just unaffordable beyond belief. I’m in the state of New York and I’m shopping around and I’m just getting no luck at all. All of them have similar premiums or more. I can pay upwards of $3000 for a semi annual premium, I’m fine with consequences, but like what the fuck? At this point am I just SOL?
My only thing I have and can do is a defensive driver course I haven’t renewed yet, but that only saves me about 10% estimated. I still can’t justify paying $1k a month.
Is my only course to just keep shopping until I get something?
Am I done for in terms of paying reasonable prices?
byu/Throwawaytogethelp12 inInsurance
Posted by Throwawaytogethelp12