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Dynamic · 07-23-2008, 02:33 PM

So..........I got my insurance renewal form today and I opened it to quite a surprise. First off I'll let everybody know I'm not looking for sympathy, just advice on what to do. I know everything was my fault but I can't change that now.

Anyways I'm 22 now and I bought a new 05 Civic almost 3 years ago and I asked around and the cheapest insurance I could find was 300 bucks a month. That was for full coverage as thats what you need when you finance a new car. I decided that I just had to start out high and that was that. Next year came along with no tickets and accidents and woolaa..........240 and month. I was a pretty happy dude seeing that they lowered it for me so fast.

Fast forward a year. Not so good. Two minor speeding tickets (both 10 over) and one at fault fender bender. I kinda figured my rates would be back up to what they are the first year, maybe a bit more. I was dreading opening renewal but I wasn't expecting this. 791 a month for a total premium of 8701.68.

I'm not an insurance expert but isn't that uhhhh, extreme? Thats mortgage payment. I obviously can't afford this and my agent is looking into it right now. I need my car to get to work as I drive 180kms a day. I'm thinking of getting a loan to pay my car off completely and just keep bare bones insurance but that might even be to high. Or just move to bc.

Thoughts?

07-23-2008, 02:33 PM	#1
Dynamic Scoring Winger Join Date: Oct 2004 Exp:	Sky High Insurance So..........I got my insurance renewal form today and I opened it to quite a surprise. First off I'll let everybody know I'm not looking for sympathy, just advice on what to do. I know everything was my fault but I can't change that now. Anyways I'm 22 now and I bought a new 05 Civic almost 3 years ago and I asked around and the cheapest insurance I could find was 300 bucks a month. That was for full coverage as thats what you need when you finance a new car. I decided that I just had to start out high and that was that. Next year came along with no tickets and accidents and woolaa..........240 and month. I was a pretty happy dude seeing that they lowered it for me so fast. Fast forward a year. Not so good. Two minor speeding tickets (both 10 over) and one at fault fender bender. I kinda figured my rates would be back up to what they are the first year, maybe a bit more. I was dreading opening renewal but I wasn't expecting this. 791 a month for a total premium of 8701.68. I'm not an insurance expert but isn't that uhhhh, extreme? Thats mortgage payment. I obviously can't afford this and my agent is looking into it right now. I need my car to get to work as I drive 180kms a day. I'm thinking of getting a loan to pay my car off completely and just keep bare bones insurance but that might even be to high. Or just move to bc. Thoughts?