Quote:
Originally Posted by Garcia_A
So i feel like im paying waaay too much for insurance. Wanted to get an opinion. I pay $250 a month. Thats $3000 a year!!!
2015 FRS 4 months old
Clean driving record. No accidents & or Tickets
Live in Downtown Los Angeles
Commute 20 Miles a day
Currently have Full coverage, $300,000 bodily, $100,000 Property, $60,000 Uninsured motorist (Mercury Insurance)
Is my coverage too high? I was told because i am making payments on the car i had to meet the lenders coverage requirements.(I am buying, not leasing) I have not been able to find lender (TFS) requirements anywhere? I have an insurance agent who is supposed to find me the best deals, he supposedly found this information. I feel a bit skeptical.
Is there anyone else living in or around Downtown Los Angeles that can give me something to compare to? Any opinions would also help.
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You pay a helluva lot. I pay <$800 year. You owe on the car you have to have full coverage everything until <$5k where I live. Pretty much the same everywhere though. I'm older and have 4 cars and a house with the same insurer so my discount is significant. Still you pay a helluva lot for insurance.