Hey everyone,
I’m planning to buy a car as a 19-year-old. I went to Freeway Insurance, and they quoted me $135 a month. When I called Direct Auto, they quoted me $400, and another insurance company quoted me $250. How can insurance quotes differ so much when all of them are for liability only?
Since Freeway Insurance found the cheapest rate, I’m planning to go with them once I get my car.
Posted by Available-Pressure84
2 Comments
Every insurance company has a different rating algorithm and a different market appetite. Some insurance carriers will want to avoid a 19 year old who is carrying liability only. Other insurance carriers are happy to take on this risk. As a policyholder, you want to shop around every year or so to make sure you have the best rate for your risk profile.
Please get more than liability only or you’ll be back here complaining about how someone ran into you, totaled your car, but they were uninsured so you have nothing now.