I just bought a 2012 Camaro and was quoted (by phone) $600/6mo to insure it. When I went online to pay it, the premium was actually around $800. A week later I received an email saying my rate went up, and it was is over $1000 now.
Things that might be affecting it: I had a speeding ticket a year or two ago, 40 in a 20 (school zone lights were broken, judge didn't care). I also scraped a pillar in a parking garage somehow doing $1000 in damage to my SUV, maybe 3 years ago. I sold that vehicle right after, and have been just riding my motorcycle ever since. All of this was disclosed on the phone before the original quote.
So, I know there's things working against me, but it seem odd that the premium would almost double so quickly. Does this seem like a fair premium, or is there likely something fishy up? (I'm 37, and haven't payed over $100/mo for insurance in forever... hell, my last bike was $75 a year...)
I've shopped around to other insurers, and they all come up in the $500-600 range, but I have no way of knowing they won't do exactly the same thing.
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:edit: Man I can't read today!
:second edit: Misread, thought you said per month, not per 6 months. $2000 a year is about right then. I had two old tickets from accidents when I bought my GTI in 2008, insurance was $312 a month with Progressive. It dropped to $180 a month when the first ticket cleared, and now it's $82 a month with a clean record.
I'd still call and ask why it went up after the initial quote, though.
Hrm, I only use the car on the weekend or during lightning/snow. I should probably have it listed as "Pleasure" instead of "Commuter".
However, I have a clean driving record. I'd definitely call them and ask what's up.
Is this not your main vehicle? If so you can have it rated as a reduced duty vehicle, however it's not going to cut the rate in half, maybe 20-35% off.
Edit: I'd call them and ask why their rate nearly doubled so quick and then shop around.
Best bet is to call them like everyone else is saying.
It probably would, but not that much. And if it was going to affect the rate that much, it should have been accounted for in the initial quote since all this stuff is insured through the same people.
Another vote for calling your insurance guys and asking them.
It looks like the premium went up because I reported the wrong year of my ticket, so their report picked it up and counted it as a second, unreported ticket. Have someone working on it.
Those rates seem somewhat high but not shocking necessarily, I'd definitely give them a call first and consider changing companies if only just because they do seem like a shady company (but most insurance companies are, I guess).
In my experience, you need to have at least two cars on a policy to list one as a pleasure vehicle. Before anyone says it, the motorcycle wouldn't count as a primary vehicle.
Have you tried getting a quote from Geico? I'm 30 and its cheaper for me to get my car insurance from Geico and my motorcycle insurance from Progressive than it would be for me to get the insurance combined from either one.
That doesn't answer why they would tell you a low number and then just raise them, and the rates still seem too high for someone your age, but a V8 2 door coupe owned by someone with a speeding ticket can definitely result in some big rates in theory.
When I first started driving my bill was in the ballpark of $200 a month, IIRC.
Gap insurance, until what you owe on the car is less than what it's worth. That way if you total it whoever holds the loan still gets paid.
Gap insurance is a good thing to get regardless though.