I got a quote from GEICO for $1,840 for a six-month premium. Is insurance really this expensive? I’m coming from a 20-year-old car where my current six-month premium is only $500. Feels like a huge jump! Any advice?
Insurance rates vary a lot by state and region. There are too many factors involved, so asking online might not give you an accurate comparison.
Welcome to the ‘upgrading from a 20-year-old car’ club!
Without knowing your age, driving history, and accident record, it’s impossible to say. Best advice—shop around.
Are you young, or do you have any accidents on your record? Rates do vary a lot by location. I live in a high-cost state, but your quote still seems excessive. I was paying $600 for six months on my RAV4 Prime and now pay $450 for my Corolla Cross Hybrid with Progressive.
Crime rates, parking situation, and other factors all impact premiums. But overall, that seems like a really high quote.
@Quince
No, I’m in my 30s. I found a rate for $264 per month. I’m in Kern County, which might explain the cost—car theft rates are high, and we’re known for bad drivers. I also had a speeding ticket a couple of years ago, so that probably doesn’t help.
@lyra
That makes sense. Some factors are out of your control, but keep shopping around. Switching companies every few years can sometimes get you a much better deal. I was paying $2,800 a year with Liberty for my CR-V, but when I switched to Progressive, they only wanted $600 for the whole year.
I just upgraded from a 20-year-old car as well. I use USAA, and my six-month premium is about $1,000. I’m in SoCal, so I have coverage for uninsured drivers, too. I’ve also been with USAA for 12 years, which might help with the rate.
Shop around.
Your insurance tripled? That’s crazy. Mine went up when I switched cars, but nowhere near that much.
Marriot said:
Your insurance tripled? That’s crazy. Mine went up when I switched cars, but nowhere near that much.
Still looking, but so far, I’m seeing prices around $2,300–$2,500. I’m also checking if bundling with family members might help lower the cost.
@lyra
Good luck! I really hope you find something cheaper. That price is rough.
For some reason, my rate actually dropped by $50 when I switched cars. I went from a 21-year-old Tacoma to a RAV4 Prime and now pay $571 for six months with State Farm. I also have an umbrella policy, so I have to carry maximum coverage. I was happy to see the slight drop in price.
I’m in Montana, 45 years old, with an 840-850 credit score depending on the bureau. We have full coverage on both our vehicles—one is a 2022 Tacoma, the other is a 2024 RAV4 Prime SE. Both are paid off with max coverage (100k/300k, $1,000 deductible), and our total premium is $707 every six months. Some of the prices people pay in other states sound wild to me.
I went from a 20-year-old car to a 2022 RAV4 Prime, and my insurance is around $700 for six months with full coverage. I have State Farm, but I also bundle it with my homeowner’s insurance.
Where you live matters, but so do things like claims history, age, gender, and even credit score. It’s always worth getting multiple quotes.
Try Toyota’s new insurance program.
Massachusetts—two drivers, good driving records, multiple discounts (pay in full, homeowner’s bundle, etc.).
1-year coverage:
- 2008 RAV4: $676
- 2024 RAV4 Prime: $1,186
So yes, our premium almost doubled, even with no other changes.
Best thing to do is shop around. Unfortunately, insurance pricing varies too much by region and individual history to make direct comparisons. And yes, Primes tend to be expensive to insure.
Yeah, my insurance doubled when I switched from a CX-5 Turbo to a RAV4 Prime. My electric bill and homeowners insurance also went up. It seems like there’s an extra ‘green tax’ to offset any fuel savings.
@Asa
Why did your homeowner’s insurance increase?