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How expensive is it to pay for car insurance?

I've been with the same auto insurance provider for years. However, my rates are constantly going up. How do I know if I'm paying too much for car insurance?

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Carlos Kirby · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Unfortunately, it’s often the case that insurers will raise your rates after each policy renewal. (So much for rewarding company loyalty.) In general, if you’re a good driver with no at-fault accidents or violations on record, paying over $200 a month is considered too high of a rate.
On the other hand, if you’ve gotten into an accident or received a speeding ticket since your last renewal, you can expect your rates to be significantly higher now. Having multiple cars or a young driver on the policy will also saddle you with higher rates.
Still, each company uses a different formula to determine individual drivers’ premiums, so it’s worth it to
comparison shop
and see if switching providers can help you save money.
Jerry
is an ultra-talented car insurance shopping app and licensed broker that can help you switch insurance policies in a matter of minutes. Sign-up only takes 45 seconds, and then you’ll be able to review your current policy against dozens of competitive quotes.
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