Is my Geico Quote fair?

[iameleven]

I'm a 23 year-old female, college student with good academic standing. Nothing on my record, not even a speeding ticket. I have a 2013 Toyota Corolla LE, I asked for a quote for full-coverage with a deductible of $1,000 and was given the quote of $591/6 months - so $98.50/month with Geico.
Is this fair? Should I look elsewhere? Thanks!

 

[MagnusTheBrewer]

Look elsewhere. Geico is expensive. Oh yeah, pics?

 

[iameleven]

Look elsewhere. Geico is expensive. Oh yeah, pics?

Where do I look? It's the cheapest I have found out of four different companies. And YES - I totally am

 

[repoman0]

Geico is cheapest for me as well -- 27 year old male, speeding ticket or two in the past five years. My rate with them is a little better than yours, even street parked in a city with a car that's worth a little more. Probably just has to do with age.

You might try some small local insurance companies too, but if you got four quotes it probably won't decrease too much.

 

[MagnusTheBrewer]

Progressive, state farm, esurance, allstate?

 

[MagnusTheBrewer]

Regions vary greatly so, what's cheapest one place isn't the next State over.

 

[dave_the_nerd]

Being under 25 isn't helping you. But that's not outrageous imo.

 

[jlee]

Always comparison shop for car insurance. Progressive consistently wins for me, over 10 years now. Look at all of the coverage and associated costs - there are a lot of factors there.

 

[fleshconsumed]

You won't know until you get all the quotes as it depends on the driver, location, driving patterns/habits/history, and of course insurance agency. In my case Geico has been the cheapest. $1000/year for full coverage for a 4 year old corolla for 23 year old female does not seem too outrageous to me. But you'll never know until you get all the quotes. Get them quotes.

 

[tsupersonic]

Since insurance costs factor in too many variables for us to compare rates, I can say Geico has been the cheapest for me. After I graduated college, I have used Allstate, Travelers, and Geico. Geico was the cheapest when I was under 25 y/o, and it dropped further after I turned 25. I was also driving anything from a Civic, to a 335i, and even a CLS 63 in this time frame.

 

[Insomniator]

Looks fine to me, in NJ,

 

[Nashemon]

I'd be happy with that quote.

 

[NutBucket]

Looks fine to me. Just went through the process of getting quotes a few weeks ago as my renewal was coming up. Geico was still cheapest among the "big names". I find it rather ironic considering how much money they spend on TV ads.

 

[gorb]

Seems reasonable to me, depending on the level of coverage.

 

[bruceb]

Considering your age and we don't know what city / state this is for, it is pretty reasonable. With no accidents or tickets, it should go down at next renewal, unless the state insurance board gets a rate increase (The insurance companies just got one of 12% here in North Carolina) .. I have Allstate and it was $684 for 6 months 100/300/50 2 cars (1999 Grand Prix with Liability & Comprehensive, 2016 Cadillac ATS AWD Premium with full coverage, no accidents / tickets) .. State Farm was at $960 for 6 months

 

[Demo24]

Considering your age and we don't know what city / state this is for, it is pretty reasonable. With no accidents or tickets, it should go down at next renewal, unless the state insurance board gets a rate increase (The insurance companies just got one of 12% here in North Carolina) .. I have Allstate and it was $684 for 6 months 100/300/50 2 cars (1999 Grand Prix with Liability & Comprehensive, 2016 Cadillac ATS AWD Premium with full coverage, no accidents / tickets) .. State Farm was at $960 for 6 months

I've never had my rates go down the next renewal, it always goes up. Been with Geico for 2 years and my rates have climbed significantly in that time and I'm looking elsewhere.

 

[NutBucket]

Yep, I somewhat agree. Always shop around. My Geico rates have gone up very slowly the last few years so that's fine considering everyone else is still quite a bit higher.

 

[Herr Kutz]

I guess it depends on where you live. At that age and when I was in college and in good standing, I was spending more than that for 6 months of state minimum coverage, no collision/comprehensive with Gieco. 0 tickets/moving violations. And they were the cheapest I could find, by far. I was with them for about 2-3 years or so and they started increasing my rates even with zero claims so I finally had enough and found a much better deal.

 

[leper84]

Wanna trade? I'm early 30's, no tickets, no accidents, average credit and pay $200/mo.....

 

[dave_the_nerd]

Wanna trade? I'm early 30's, no tickets, no accidents, average credit and pay $200/mo.....

Do you live in Detroit or something?

 

[XavierMace]

Wanna trade? I'm early 30's, no tickets, no accidents, average credit and pay $200/mo.....

Do you live in Detroit or something?

Seriously I've got a speeding ticket, live it a pretty shitty part of town, and mine's $125/mo.

 

[jlee]

Seriously I've got a speeding ticket, live it a pretty shitty part of town, and mine's $125/mo.

Mine's $69.75/mo. Apparently BMW's are expensive to insure.

 

[XavierMace]

It was more with the BRZ. The IS was cheap though.

 

[dave_the_nerd]

https://www.valuepenguin.com/average-cost-of-insurance

Interesting.

 

[iameleven]

Hello, everyone. These are the limits/amounts they gave me..


Bodily Injury Liability(BI) $15,000/$30,000
Property Damage Liability(PD) $25,000
Medical Payments(MED) Not Included
Uninsured & Underinsured Motorist $15,000/$30,000
Comprehensive(COMP)
2013 TOYOTA COROLLA $1,000 deductible
Uninsured Motorist Property Damage
2013 TOYOTA COROLLA Not Included
Collision(COLL)
2013 TOYOTA COROLLA $1,000 deductible
Rental Reimbursement(RR)
2013 TOYOTA COROLLA Not Included