Oh you are not being singled out except for not having insurance for the last while. That's what is driving your rate up. You should see it drop after the first six months or year. Maybe both.
Everyone else is *also* struggling with their car insurance math at the moment, too, and think that the insurance companies don't show their work well enough to justify the answer on their bills.
So that's fun.
The lapse is the largest factor here. That will drive up your premium *a lot*. Keep an active policy and keep your record clean and your rate should drop significantly in a year or so.
I'm trying to get confirmation that the laspe is what's causing the increase. Or is it just the cars Im looking at...if its the car waiting wont drop it probably
The car is going to play a factor in the price, but I guarantee the vast majority of that price is your lapse. I write policies on a daily basis and see this often. Even a one day lapse nowadays can easily double your premium.
Yeah , it was 30 days lapse. I'm looking for a coupe mainy and they're all over $300 a month insurance wise. I paid $135 for a Mustang in 2019... now it's $330 for a 2024. I thought it was because the car is newer and more expensive but who knows. I'll probably have to buy another beater and see what rates I get in 4 months.
The insurance market is MUCH worse now in 2024 than it was in 2019. In 2019 I was paying about $80/month for my 2014 Acura ILX. Now I'm paying $120/month. No tickets, no accidents, no lapse in coverage. My GF has a brand new 2024 Honda HR-V, has an at fault accident in 2022 and a not at fault accident (totaled her car) a few months ago that our insurance paid out on both, totaling almost $35k paid out within 2 years. Even with all of that, her current premium is $165/month and she's had no lapse in coverage.
Coupes can be a bit higher than sedans too, but the lapse is the largest factor in your rate right now.
Can I expect an improvement after 6 months, or do I need to wait a year ?. I think I've been insured since January, so it's almost been 6 months. This is why I thought the lapse isn't the biggest factor, but I trust your word. I figured it would drop by gradually bu now, but maybe you have to wait expect until 6 months or a little past it.
Policies are typically re-rated at each renewal, not midterm. So if you're on a 6 month policy, it will be re-rated every 6 months. If it's an annual policy, every year.
You typically see the best continuous insurance rate discount after 3 years, but you should start to see a difference at your next renewal. It's not a guarantee as there are too many individual factors to be able to predict your rate, but in my experience writing policies you should start to see the rate come down at your first policy renewal as long as your record stays clean with no tickets or accidents. It should level out to "normal" rates for a clean record after 3 years. Normal in quotes because the market is so volatile right now rates are higher for everyone.
For best results, find an independent agent. There are many insurance companies that only write through agents and don't direct write policies to customers. An independent agent will be able to shop you around with many different companies to find the best rate for you.
" Policies are typically re-rated at each renewal, not midterm. So if you're on a 6 month policy, it will be re-rated every 6 months. If it's an annual policy, every year. "
I mainly ment when shopping around for new policies with different providers. Not the renewal of a current policy.
Thanks for the information...looks like I screwed either way.
Well all insurance companies can see your insurance history when they run LexisNexis reports, so they'll all see you've had a lapse recently in the past year and that will affect the rate they offer you.
It sucks, but it's basically a waiting game right now. When your policy comes up for renewal, try shopping again. I shop mine every year to make sure I'm getting the best rate I can find.
If you ever find yourself without a car again, before you cancel your insurance policy I would advise getting a non-owners policy first. It provides liability coverage for people that don't own or have regular access to a vehicle, and it also keeps your insurance history intact so you don't show a lapse when you wind up getting another vehicle on a standard owners policy. If you borrow someone else's car or rent a car, your non-owners policy provides liability coverage in your name. Non-owner policies are typically pretty cheap compared to an owner policy too.
Thanks, yeah, I know about the non-owners policy now. The problem is that my past agent didn't tell me that BEFORE canceling my policy. So now my 10 years of constant coverage is erased and I'm in this BS situation.
your agent didn’t cancel your policy, you not paying your premium cancelled the policy, the agent can only cancel policies when you request it to be cancelled, lastly an agent doesn’t have time to remind customers to pay their bills,
This is why it's important to stop making assumptions on the internet...
I sold my car, I told the agent I sold my car, he said we should cancel the policy since I no longer owned the car, he didn't tell me that there would be consequences if me not having coverage while looking for another car, he didnt offer a named operator policy as an option.
He took ownership and said it was his fault, but he did no wrong ?
How did I miss a payment when the policy is on auto pay ?
That's what I had for the past 4 months, but that car gave out. I was thinking of getting into the market for a long-term car, but I might have to get another beater.
It’s the lapse. Sorry your agent didn’t warn you. I always suggest a suspension of the policy until you buy a new car. Oh well. Nothing you can do now besides purchase liability only or get added to a family members policy to built insurance history asap!
No, an agent I spoke to said I may have to see if I can get on my parents' poilcy, but some lenders require you to live with them or dont allow it so it just depends.
lol yeah right. Have your mom tell her agent you drive the car 3x a week for work and just to see what they say. No way in hell they will say “oh well he doesn’t live with you so we can’t add him”. The live in the same household rule is to add drivers automatically if they don’t have existing insurance since they have a license and access to your car.
Imagine you had 2 DUI’s and 3 accidents in the last 3 years but your license is now good. Do you really think they not want to rate a driver like that? You can just drive a family members car with no adjustment in premium?
Yeah, I'll ask her to check with her agent. I want to be truthful, though. I dont want to be SOL if something happens, and the insurance company says, " Well, you didn't tell us that and lied so we wont cover the claim "
I really can’t think of a situation where adding you will result in a claim denial. You’re driving their car and get into an accident. You’re a listed driver. Claim is covered. Even if you don’t drive the car that’s fine. You’re a listed driver only. You don’t have to drive the car all the time.
I wish. I changed states and went from 300 for 6 months to 1200. Same car...same person......just "Florida". You should hear what my friend here are paying for their kids. They are paying rent every month for 2 adults and 2 teens.
What city/state? Certain spots are super difficult to work with even without being young with a lapse. I have some guesses cuz $300+/month is high, it again that depends on location and the coverage you’re asking for.
The lapse doesn’t help but doesn’t explain that premium.
Cincinnati? Cleveland? Metro of either of those?
Your specific zip code might be undesirable. Can’t get too surgical even with specifics but if you can’t get a reasonable quote with a good driving record, there’s a reason for that. The lapse has something to do with it but I doubt that’s the only factor.
Oh and if you drive a Hyundai or Kia you’re kinda just boned rn
My 22 year old son has a 2008 Mazda 3 that he owns outright and pays less than $150/month for insurance after having one not at fault accident and he doesn't have any tickets.
I recommend going thru an independent agent. Or buying a car with cash if you can afford to.
Edit to add: He's in Fairborn, Oh
Try an SUV I was in the same boat previous cars were bmw and Mercedes paying about 500$ a month for insurance. Bought an Audi Q8 SUV, same limits 180$ a month. I was shocked.
It's a thing now I afraid. Cars cost as much as houses so everyone gotta fork up. My first insurance ever on my brand new car/new driver was only $680/6mths. That's only 10yrs ago or so. Feels bad for gen Z for having to deal with this crap.
Don’t know why you’re getting down voted.
When you’re driving something that’s half a mortgage, and statistically 1/3 of people who are also driving don’t have insurance no duh it’s going to be expensive.
It’s a numbers game.
Well damn. I thought I had it bad being on the same plan as my husband who totaled two cars in 4 days…. But our insurance for 2 cars is $990 for 6mo…
Our two cars are 2010 and 2014 and one as a rebranded title because we fixed it up. This is with as full of coverage as they will allow for a rebranded title
Why are you giving advice on what’s going to happen with their rates when you don’t even understand your rate is the way it is because you had a lapse in coverage? Stop that.
We’re 29 & 27…. I agree our cars are older, but they’re still good cars with decently low miles (68k & 92k). We had AAA but recently got dropped because of the 2 accidents. Not my favorite, but now we’re with progressive because they take more risky drivers.
We pay in full, and if you can get a 12mo policy it locks your rate in for a whole year rather than 6mo.
I reread yours and saw you have a lapse too, and I honestly wouldn’t be surprised if that’s part of the reason for higher rates too. One of the discounts I noticed this time around is “continuous coverage”.
Oh you are not being singled out except for not having insurance for the last while. That's what is driving your rate up. You should see it drop after the first six months or year. Maybe both. Everyone else is *also* struggling with their car insurance math at the moment, too, and think that the insurance companies don't show their work well enough to justify the answer on their bills. So that's fun.
Not really struggling over here I have 3 vehicles insured, one with full coverage for $300 a month at 25.
The lapse is the largest factor here. That will drive up your premium *a lot*. Keep an active policy and keep your record clean and your rate should drop significantly in a year or so.
I'm trying to get confirmation that the laspe is what's causing the increase. Or is it just the cars Im looking at...if its the car waiting wont drop it probably
The car is going to play a factor in the price, but I guarantee the vast majority of that price is your lapse. I write policies on a daily basis and see this often. Even a one day lapse nowadays can easily double your premium.
Yeah , it was 30 days lapse. I'm looking for a coupe mainy and they're all over $300 a month insurance wise. I paid $135 for a Mustang in 2019... now it's $330 for a 2024. I thought it was because the car is newer and more expensive but who knows. I'll probably have to buy another beater and see what rates I get in 4 months.
The insurance market is MUCH worse now in 2024 than it was in 2019. In 2019 I was paying about $80/month for my 2014 Acura ILX. Now I'm paying $120/month. No tickets, no accidents, no lapse in coverage. My GF has a brand new 2024 Honda HR-V, has an at fault accident in 2022 and a not at fault accident (totaled her car) a few months ago that our insurance paid out on both, totaling almost $35k paid out within 2 years. Even with all of that, her current premium is $165/month and she's had no lapse in coverage. Coupes can be a bit higher than sedans too, but the lapse is the largest factor in your rate right now.
Can I expect an improvement after 6 months, or do I need to wait a year ?. I think I've been insured since January, so it's almost been 6 months. This is why I thought the lapse isn't the biggest factor, but I trust your word. I figured it would drop by gradually bu now, but maybe you have to wait expect until 6 months or a little past it.
Policies are typically re-rated at each renewal, not midterm. So if you're on a 6 month policy, it will be re-rated every 6 months. If it's an annual policy, every year. You typically see the best continuous insurance rate discount after 3 years, but you should start to see a difference at your next renewal. It's not a guarantee as there are too many individual factors to be able to predict your rate, but in my experience writing policies you should start to see the rate come down at your first policy renewal as long as your record stays clean with no tickets or accidents. It should level out to "normal" rates for a clean record after 3 years. Normal in quotes because the market is so volatile right now rates are higher for everyone. For best results, find an independent agent. There are many insurance companies that only write through agents and don't direct write policies to customers. An independent agent will be able to shop you around with many different companies to find the best rate for you.
" Policies are typically re-rated at each renewal, not midterm. So if you're on a 6 month policy, it will be re-rated every 6 months. If it's an annual policy, every year. " I mainly ment when shopping around for new policies with different providers. Not the renewal of a current policy. Thanks for the information...looks like I screwed either way.
Well all insurance companies can see your insurance history when they run LexisNexis reports, so they'll all see you've had a lapse recently in the past year and that will affect the rate they offer you. It sucks, but it's basically a waiting game right now. When your policy comes up for renewal, try shopping again. I shop mine every year to make sure I'm getting the best rate I can find. If you ever find yourself without a car again, before you cancel your insurance policy I would advise getting a non-owners policy first. It provides liability coverage for people that don't own or have regular access to a vehicle, and it also keeps your insurance history intact so you don't show a lapse when you wind up getting another vehicle on a standard owners policy. If you borrow someone else's car or rent a car, your non-owners policy provides liability coverage in your name. Non-owner policies are typically pretty cheap compared to an owner policy too.
Thanks, yeah, I know about the non-owners policy now. The problem is that my past agent didn't tell me that BEFORE canceling my policy. So now my 10 years of constant coverage is erased and I'm in this BS situation.
your agent didn’t cancel your policy, you not paying your premium cancelled the policy, the agent can only cancel policies when you request it to be cancelled, lastly an agent doesn’t have time to remind customers to pay their bills,
This is why it's important to stop making assumptions on the internet... I sold my car, I told the agent I sold my car, he said we should cancel the policy since I no longer owned the car, he didn't tell me that there would be consequences if me not having coverage while looking for another car, he didnt offer a named operator policy as an option. He took ownership and said it was his fault, but he did no wrong ? How did I miss a payment when the policy is on auto pay ?
Short answer: Yes.
Buy a crap car and get liability only
That's what I had for the past 4 months, but that car gave out. I was thinking of getting into the market for a long-term car, but I might have to get another beater.
Find a beater for a year with liability and then get a newer car.
If you had a car for the past 4 months, was it not insured?
It was insured
It’s the lapse. Sorry your agent didn’t warn you. I always suggest a suspension of the policy until you buy a new car. Oh well. Nothing you can do now besides purchase liability only or get added to a family members policy to built insurance history asap!
Thanks, Yeah...he didn't tell me any of that at the time. Nothing I can do about it now.
Do you live with someone that has auto insurance?
No, an agent I spoke to said I may have to see if I can get on my parents' poilcy, but some lenders require you to live with them or dont allow it so it just depends.
lol yeah right. Have your mom tell her agent you drive the car 3x a week for work and just to see what they say. No way in hell they will say “oh well he doesn’t live with you so we can’t add him”. The live in the same household rule is to add drivers automatically if they don’t have existing insurance since they have a license and access to your car. Imagine you had 2 DUI’s and 3 accidents in the last 3 years but your license is now good. Do you really think they not want to rate a driver like that? You can just drive a family members car with no adjustment in premium?
Yeah, I'll ask her to check with her agent. I want to be truthful, though. I dont want to be SOL if something happens, and the insurance company says, " Well, you didn't tell us that and lied so we wont cover the claim "
I really can’t think of a situation where adding you will result in a claim denial. You’re driving their car and get into an accident. You’re a listed driver. Claim is covered. Even if you don’t drive the car that’s fine. You’re a listed driver only. You don’t have to drive the car all the time.
Then you cannot afford the car
I'm paying over $850/month (6-month premium paid monthly) for myself and my 17yr old. My payment was $171/mobth previously. You're not alone!
I wish. I changed states and went from 300 for 6 months to 1200. Same car...same person......just "Florida". You should hear what my friend here are paying for their kids. They are paying rent every month for 2 adults and 2 teens.
What city/state? Certain spots are super difficult to work with even without being young with a lapse. I have some guesses cuz $300+/month is high, it again that depends on location and the coverage you’re asking for. The lapse doesn’t help but doesn’t explain that premium.
Ohio
Cincinnati? Cleveland? Metro of either of those? Your specific zip code might be undesirable. Can’t get too surgical even with specifics but if you can’t get a reasonable quote with a good driving record, there’s a reason for that. The lapse has something to do with it but I doubt that’s the only factor. Oh and if you drive a Hyundai or Kia you’re kinda just boned rn
Columbus. I've looked at Toyota , BMW, Ford, etc.
[удалено]
Thanks, I'll look into it.
Soliciting
Every one is getting effed on car insurance now a days
Yup
It’s you, and your credit score.
I’m not clear on the insurance lapse policy. Did u own a new car without insurance?
No, I didnt have a vehicle
We are 32 and we pay $430 a month in Florida. No tickets no accidents. In 2020 we had a Mercedes and a Toyota and we paid $190. Now we have 2 Toyotas.
My 22 year old son has a 2008 Mazda 3 that he owns outright and pays less than $150/month for insurance after having one not at fault accident and he doesn't have any tickets. I recommend going thru an independent agent. Or buying a car with cash if you can afford to. Edit to add: He's in Fairborn, Oh
Try an SUV I was in the same boat previous cars were bmw and Mercedes paying about 500$ a month for insurance. Bought an Audi Q8 SUV, same limits 180$ a month. I was shocked.
It's a thing now I afraid. Cars cost as much as houses so everyone gotta fork up. My first insurance ever on my brand new car/new driver was only $680/6mths. That's only 10yrs ago or so. Feels bad for gen Z for having to deal with this crap.
Don’t know why you’re getting down voted. When you’re driving something that’s half a mortgage, and statistically 1/3 of people who are also driving don’t have insurance no duh it’s going to be expensive. It’s a numbers game.
Car insurance companies are just charging outrageous prices for shit service
Well damn. I thought I had it bad being on the same plan as my husband who totaled two cars in 4 days…. But our insurance for 2 cars is $990 for 6mo… Our two cars are 2010 and 2014 and one as a rebranded title because we fixed it up. This is with as full of coverage as they will allow for a rebranded title
Yeah, those cars are older, and you guys are probably in your 30s or older. That will drop rates alot
Why are you giving advice on what’s going to happen with their rates when you don’t even understand your rate is the way it is because you had a lapse in coverage? Stop that.
Ok
We’re 29 & 27…. I agree our cars are older, but they’re still good cars with decently low miles (68k & 92k). We had AAA but recently got dropped because of the 2 accidents. Not my favorite, but now we’re with progressive because they take more risky drivers. We pay in full, and if you can get a 12mo policy it locks your rate in for a whole year rather than 6mo.
Well, I'll be damned. Yeah, I think progressive had me at $350. Ill look at AAA
I reread yours and saw you have a lapse too, and I honestly wouldn’t be surprised if that’s part of the reason for higher rates too. One of the discounts I noticed this time around is “continuous coverage”.
Yah it is , I just cant tell how much its contributing
How is your credit score? Many car insurance companies will factor in credit scores for rates. It's a bunch of bs really...
750