Is my car insurance payment too high?
I have a 2001 Ford Escape. It's pretty old, so I don't have full coverage. My car insurance started off as around $65 a month and I got into an accident that was my fault (I could have fought it in court, but I just didn't have the money/time, so I took the blame). My car insurance went up to $85 a month. $85 just seems too high though for only getting into a car accident 1 time. I'm currently with Geico, but am thinking of switching to Allstate or somewhere cheaper. Is this a good idea or are my car insurance payments okay? I do like the way Geico handled the car accident, but for an 2001, it just seems so high!
Added (1). in my 50's
If you do not have full coverage you are not insuring your car against damages so the age of your car is irrelevant. You have liability insurance which is what settled with the other driver and paid for their repairs. Depending on your age and when the accident was may limit your choices.
Since you haven't bothered to get any other quotes and we don't even know your state, there's no way to tell if you are paying "too much." Why not get a couple quotes, matching coverages, and compare them?
My car insurance is around $100, I'm 22 years old and own a 2011 chevy Impala. I'm through state farm.
$85 seems high since your in your 50s but you did wreck your car. Hopefully it will gradually go back down after time.
How old are you?
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