This isn’t for me but for my girlfriend. She’s a newer driver with no accidents or tickets and is looking at financing a 2022 Camry LE. Since it’s being financed, it needs full coverage.
We’ve gotten a few quotes, and they seem insanely high—USAA quoted $830/month, and Progressive was even worse at $890/month.
Is this just how it is, or could it be because we’re in Florida? If insurance is really going to be that expensive, she’s probably better off just getting a cheap used car for under $6k and going with liability coverage.
Any advice or recommendations would be greatly appreciated!
Amelia said:
Shop around—get at least 5-10 quotes. Also, consider different coverage levels, like 250/500 or 500 CSL, with an umbrella policy if needed.
What companies would you recommend? I’ve tried Progressive and State Farm, but both gave ridiculously high quotes. I know quotes aren’t always the final price, but these numbers are crazy.
How new of a driver is she? Has she had her own auto insurance before?
A lot of times, rates are lower when you have continuous coverage. If she’s a new driver and this is her first policy, plus she’s financing a 2022 Toyota, I can see why some companies would charge that much.
Also, if she’s in her early 20s, that’s a big factor. Younger drivers always get hit with higher rates. Definitely keep shopping around—USAA and Progressive might just be on the higher end.
Honestly, if the cost is too high, she might be better off buying an older, cheaper car, sticking with liability coverage, and building up insurance history first. Rates should drop over time as she gains more experience.
@Zeph
She hasn’t had her own insurance policy yet because she never had her own car. She was on someone else’s policy recently, but it wasn’t long-term.
I just can’t believe how high these quotes are for such a basic car. It’s a Camry, not a sports car!
Florida insurance rates are through the roof, especially for cars and homes. What you’re seeing sounds about right if you’re carrying full coverage with decent limits. A lot of people in Florida only carry minimum coverage (like $10k in property damage and PIP).
@Reilly
Yeah, I figured Florida has a lot to do with it. When I lived in Tennessee, I was paying nearly $100 less per month for the same cars I have now.
Honestly, planning on moving back at some point. The traffic and driving habits here are terrible.
Toyotas can be pricey to insure because they tend to get totaled easily, but they also hold their value really well if you don’t total them.
Have you seen used Corolla prices? They’re crazy.
For reference, I was paying $365/month for a 2020 Corolla after one at-fault accident and one weather-related total. After getting rear-ended again, I switched to a 2016 RAV4, and now my insurance is $260/month with the same coverage.
@Amanda
I get that Toyotas hold their value—my Tacoma is still worth a lot, and I’ve had it for years.
But I pay $450/month for my Tacoma and an Audi S5 combined. I’m only 23. My girlfriend is 20 and a newer driver, but $890/month for a base-model Camry still seems ridiculous.