Community Chat

[CherryHugs]

I am with Grange insurance and vehicle is close to 20 years old with alot of miles on it.

Yet the cost per year is not cheap!

I have been trying to find insurance

for a better yearly cost, but when I search out companies there are always mixed reviews.

Even saw a worst list, and all of 

the companies that are well known were on it!

What is the best way to find some good insurance without paying so much on an old car?

[SeaMaiden]

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@CherryHugs wrote:

I am with Grange insurance and vehicle is close to 20 years old with alot of miles on it.

Yet the cost per year is not cheap!

I have been trying to find insurance

for a better yearly cost, but when I search out companies there are always mixed reviews.

Even saw a worst list, and all of 

the companies that are well known were on it!

What is the best way to find some good insurance without paying so much on an old car?

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@CherryHugs   I drive a 21 year old van....DH drives a new car. His insurance rates are almost the same as I pay per year for my old van.

We each pay about $450 dollars every six months.

Newer cars are safer than old cars and that has a lot to do with what you pay

I only keep my old van because it only has 50,000 miles on it and I like that it is NOT TECHNICAL.  

My husband enjoys the new technology and playing with it.

[shaggygirl]

I'd bet you're not paying as much as I am on a 16 yr old Acura. Like about $1,400 a year. 

Although they do send me a check twice a year for about 30 bucks as a "payback" for having no claims.

[Anonymous032819]

First, I would get just a basic, bare-bones policy on a car that old, with that many miles on it. You don't need a policy that has all the bells and whistles, for something so old. That will save you money right there.

Second, ask around. Ask friends and family who they have insurance with, and are they happy with them, and how much they pay.

I am with Progressive, and I am happy with them, and I pay $45/mo for my 2013 Toyota.

[CherryHugs]

@shaggygirl  No nothing like that thankfully! We never get any money back ever.

[kaydee50]

Do you still have collision insurance on your vehicle?  If so, consider dropping it.  A vehicle that old with a lot of miles on it is close to worthless so no point insuring it for damage.

[ValuSkr]

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@kaydee50 wrote:

Do you still have collision insurance on your vehicle?  If so, consider dropping it.  A vehicle that old with a lot of miles on it is close to worthless so no point insuring it for damage.

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That's a good point.  At that age, the insurance company makes out by totalling your car rather than repairing the damage. 

[shaggygirl]

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@CherryHugs wrote:

@shaggygirl  No nothing like that thankfully! We never get any money back ever.

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@CherryHugs 

And that's w/discounts for various things like low mileage, accident free, having my homeowners w/them and a few other things. Mine is due in June so think I'm going to take the advice someone gave you of giving up the collision which is now adding $245 to my cost. 

[eadu4]

@CherryHugs There are several car insurance comparison sites online to use.  Insurify is one of the top-rated and most-rated car insurance quote comparison site in America. There is also nerdwallet and thezebra.  Just go to the sites and walk through.  It's one way to find out multiple quotes without having to call different agencies or relying on someone else's information which might not mirror your situation and therefore make your rates different from there's.  

[CAcableGirl2]

@CherryHugs 

Also, check your deductible and if you are paying for the correct annual mileage.  If it's low, you can save by increasing it and also save by adjusting the amount of miles that you drive.

I happen to be at my elderly parents home and when they got their bill for auto insurance, they were surprised that it went up about 20%, so I called and there was no reason given.  When I went over their policy, they were paying for more miles then they were driving and had very low $250-$500 deductibles, plus  "emergency roadside service", which was unneccessary since they have roadside assistance with AAA.  

I had them adjust their miles down since they drive very little, and increase the deductible and was able to lower their rate to less then the previous bill.

Just be sure that you have the correct amount of coverage, but those are two options that may be able to be adjusted and lower your bill.

Also, if you have homeowners and auto insurance, if you bundle with the same company, you can usually save a lot of $.

It really pays to shop around, and I call every year when I get my bill - you can save a lot by making a few phone calls.