Hi Everyone,
I'm a new driver (been licensed for 8 months). I had a car I paid cash, but it turned out to be lemon. I paid more in repairing the car and more in insurance than I paid for the car in cash and than it's actually worth.
I was originally paying $808/month to insure the car (09 Versa). My insurance FINALLY went down to $788/month and then the car quick on me at an intersection. Now, I'm trying to get a new car. I've gotten quotes for Corollas for $637/month, Mazdas for about $536/month and HR-Vs for about the same as the Corolla. I've been looking at models that are 10+ years old to keep costs down as I can't afford anything within the last 4-5 years.
Are these rates common for a new driver? I'm in the Bronx and theft in my zip code is high, so I'm assuming that plays a big part in the monthly premiums. I'm a single, over 25 year old female, not renting. Unfortunately, I don't have anyone's insurance I can go on here in the Bronx. My dad just passed. He would've been the one but he also hadn't been driving for years since he got ill.
I'm just honestly asking. If you reply, please be kind. I'm not dumb- this is just all very new to me and I don't know what to expect from insurance. Also, I can't simply just move. I'm born and raised here and I still have my mom and family living here who I help on a daily basis, so simply moving to another county, neighborhood, borough, city, state isn't an option.
For more context: I had Progressive. I’ve quoted with Geico but, unfortunately, I ran so many quotes online with Geico (i was obsessively looking for a car at the time. Please don’t be on my head about that- I’ve learned my lesson) that when I DID quote with them over the phone, the numbers were high. So, I’m not going to use Geico this time around but Progressive has been fine.
If those rates ARE normal for a newer driver, then that mitigates my expectations more and I won't be too pressed when I see those numbers. I'm just trying to gauge what to look for. I know NYC is expensive, but when I look on here, I see people saying they're paying $100-$300/month. It just doesn't reflect my situation.
Thanks to anyone who chimes in!
What's the Average Monthly Premium for New Drivers in NYC?
byu/timbalon inInsurance
Posted by timbalon
3 Comments
Insurance rates are based on a lot of things. Location. Age. Sex. Credit Score. Driving history.
You happen to live in one of those cities where insurance is extremely high.
Those numbers are not outrageous.
the bronx is one of the worst rating zones in the country. the professional lingo certian carriers use for NYC is ‘hell hole’ — i kid you not.
when you have 3+ years of no accidents/claims your rates should drop a bit, but garaging a vehicle in nyc, let alone bx, will always be well above average in cost
Consult with an Independent Insurance Agent in your area. They know which companies are the best for serving your profile in your area. Single over 25 female in the Bronx might be better with company A while if in Harlem company A may be the worst one.