Auto Insurance for 21 Year Olds

I just bought my first car for $5,999. I have been searching for car insurance but I can't believe how expensive it all is. I think the main issue is that I am 21 years old, but I have a clean record, have been driving for 5 years, have never gotten in an accident, and have great grades. All the quotes I have been getting are at least $350. I just don't understand how it can be so expensive. At that rate I would be paying as much as my car is worth in a year and a half. Does anyone have and advice or in the same situation?

 

That sounds extremely high if it is 350 a month. Make sure its not for a 6 month term or annual total or something. Are you paying for liability only? Did you quote for comprehensive and collison?

 

how are you obtaining those quotes? by phone? online? are you quoting one company at a time?

what state do you live in?

 

There are a lot more variables than your age, record, and grades. Although, the first two are major factors for younger drivers. Have you been insured before, either listed as a driver on your parents' policy or on your own? Where do you live? These last 2 are important as well. One agent in one part of the country says 350 must be your 6 month premium, while somewhere else, that could easily be your monthly rate. This is why its so important to have an agent, as opposed to someone at a call center that could care less because they will never personally speak to you again.

 

350 dollars is pretty a lot as for me. Look for some other options

 

Making an educated guess, the issue is a gap in coverage. Without a year of previous continuous coverage - most Auto Carriers will rate you in their non-standard / non preferred book of business.

If you are currently listed on a policy, and the company you are with for auto insurance - does not report to LexisNexis, this would be what is causing you to show a gap in coverage.

All you would need to do, to prove continuous coverage; is to bring in the declaration pages from the current policy and the past policy periods your were listed as a driver to prove a year or more of continuous coverage -

Hope this helps

 

Do you currently have an active auto policy? How is your credit?

 

Age is one of the primary factors that insurance companies consider when coming up with a car insurance quote. To an auto insurance company, a driver’s age is a general measure of driving experience and accident risk.

 

I would like to suggest you to contact a good insurance service provider like “Jackson & Jackson Insurance Agents and Brokers”. It may help you.