Insurance Rates --
I just turned 25 this week and was wondering how my insurance rates would be affected. I have heard a lot of people talk about how at 25 you get bumped into a new category for insurance rates.
For those of you that remember, what difference did you see in your insurance rates after you turned 25? |
State Farm cut my rates in half. :w00t:
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Thats what I've heard, the insurance companies play games with you untill you're 25.
they spike the price at 18, then let it slowly lower, at 21 they push it through the roof again, and then it lowers bit by bit, till twentyfive, and your pretty much good unless you get in an accident |
Happy belated Birthday!!! :thumbsup:
Look for your insurance to drop. ;) |
It will drop for sure. Mine went down a couple hundred per year. Enjoy it while you can though...rates don't decrease because of your age again until you're 50.
Shop around at other companies as well. I just got quotes from Geico, Liberty Mutual, and State Farm and ALL of them were lower than my Allstate plan. In fact, Geico was almost $400 a year cheaper! Needless to say, I'm switching soon. |
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Geico is great. We had Farmers Insurance up in Chicago and when we moved to Indy and switched over our plan they tried making us pay a higher premium than in Chicago... So we shopped around and Geico was BY FAR the cheapest by like $3-400 a year! |
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Don't get me wrong, I have no love for the monopoly we call the insurance companies, but younger drivers do pose the most risk. We've all been there at some point :cool: |
Looks like I might have to wait untill the 2010 model comes out, will be 25 then and wont get slammed as bad with insurance costs.
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I just got a geico quote on a 2006 GTO and it would run me 762.60 every 6 months. I think i could manage that with a car payment with some cash left to put some gas in the beast.
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