I just bought (financed) a certified pre-owned 2021 Toyota CH-R LE. I like the car, but this is my first Toyota, and I’ve heard insurance tends to be higher for them.
My last car was a certified pre-owned 2021 Honda HR-V, and I was paying $218 a month. Now, my insurance for the Toyota is jumping to $312.
I’m going to shop around tomorrow to see if I can get a better deal. From what I’ve seen in other posts, most people seem to pay under $200, but I know rates have been going up, especially in Houston.
Curious—how much do you pay for your car insurance?
Edit: I called my insurance provider to double-check the numbers (I’m on my dad’s policy). My rate did go up, but I’ll actually be paying about $270 a month, not $312. Still feels high compared to what some of you are paying. I started checking rates with other companies, and the lowest I found so far was Geico at $249/month.
I also reached out to an insurance agent to see if there are other options.
Mica said:
I’m in Ontario, Canada, and I have a 2019 CH-R. I pay $78 a month.
Do you have full coverage? I’m in Ontario too (44, no accidents or tickets), and I was just quoted $200/month for the same car. We even bundle our insurance with other policies. If you’re fully covered, I’d love to know your insurer so I can switch!
I got a 2021 Certified Pre-Owned XLE this year in California. My wife and I (both 28, no accidents) pay $231 with AAA.
We were shocked because most other companies quoted us around $400. The only downside is it’s a one-year policy, so we had to pay a $1000 down payment to start. Next year, our rate should go up to $300.
This covers both our cars—a 2021 CH-R and a 2010 Camry.
Insurance rates depend mostly on age, driving experience, and location. I pay $150 CAD a month as a 25-year-old in southern Ontario for a 2018 CH-R. But if I lived in Toronto, I could easily be paying $100 more.
@Eliot
Are you fully insured? I just got a quote from my provider (Co-operators) in Cambridge for $210/month. No accidents, no tickets, 44 years old, been driving since I was 16. Seems high compared to yours. Who’s your insurer?
@Tru
Yeah, I have full coverage with a $1000 deductible. I’m 26, been driving since 2019, and have two minor speeding tickets but no accidents. I’m with Belair.
When I first started driving, I paid $250 a month for a 2010 Nissan Rogue, and that was just one-way coverage. Insurance prices vary a lot by location—Toronto and the GTA are way more expensive.
@Eliot
Ah, I thought you meant southwestern Ontario, not southern Ontario. Cambridge is about an hour west of Toronto, so it’s not really GTA. I’ve heard good things about Belair, though—I’ll give them a call. Thanks!
Nadine said: @Poe
Wow, I thought switching from my HR-V wouldn’t change much since they’re both subcompacts. The cheapest I’ve found so far is Geico at $249/month.
Liberty Mutual gave me a lower rate when I checked. I stayed with State Farm because bundling my house insurance made it cheaper overall, but it’s worth checking out.