I (23 M) just bought a 2020 Corolla Hatchback after always driving older cash cars. I'm located in Worcester, MA, so a fairly big city. The car is financed but I put a hefty down payment. I've been insured through GEICO for about 3 years for my previous cars (again, late 90's early 00's cars). I was paying about $85/month for any of those. I have a clean driving record, no tickets or warnings, I've had my license since I was 16. The one exception is a small fender bender a few months ago where I was 0% at fault. GEICO quoted me at $450/month for my new Corolla, and that's with no rental insurance added, but includes collision and comprehensive. I've done some online quotes at Progressive and All State and still the cheapest is $325. Does this seem unreasonable? I even went back to see if it being financed changes the price because of more liability, but they didn't change at all. I understand I'm young and it's a newer car, but that just seems outrageous. I have friends who have nicer cars and similar age/record as myself and have much better rates. I asked them about their companies and coverage and there's really not much difference. Would calling around and talking to an actual human at a company make a difference?

    $450/mo Car Insurance
    byu/sgoyette430 inInsurance



    Posted by sgoyette430

    2 Comments

    Leave A Reply
    Share via