I have a 2018 Elantra SEL and used to pay $670 every 6 months since 2019. Now it’s jumped to $870 every 6 months, all in just this year. I checked other insurance companies, and they’re charging me $1,000 or more. I don’t understand why it’s increasing this much. I already have the anti-theft system, and my only ticket was for turning on red. I’m 24 and feeling stuck because I can’t switch right now, especially with a baby on the way.
Insurance is going up for everyone, not just certain cars.
Sadie said:
Insurance is going up for everyone, not just certain cars.
Yeah, it’s up about 20% for all vehicles on average.
Sadie said:
Insurance is going up for everyone, not just certain cars.
Yeah, it’s up about 20% for all vehicles on average.
I have a 2011 Ford Edge. Used to pay $77 a month for full coverage. It shot up to $870, so I switched to liability only, now paying $145.
Sadie said:
Insurance is going up for everyone, not just certain cars.
Same here. My liability on my old Honda was $108 in November. Now it’s $130.
Sadie said:
Insurance is going up for everyone, not just certain cars.
Same here. My liability on my old Honda was $108 in November. Now it’s $130.
What’s the model of your Honda?
@evanderjay
03 Element. My Sonata insurance jumped almost $100, so I just let them repo it. Done dealing with constant engine issues and high insurance costs.
Sadie said:
Insurance is going up for everyone, not just certain cars.
Same here. My liability on my old Honda was $108 in November. Now it’s $130.
I have an 04 Civic with full coverage for $50 a month.
Sadie said:
Insurance is going up for everyone, not just certain cars.
It’s hitting Hyundai owners worse because of theft issues. Some insurance companies won’t even cover them anymore. Even if you have an anti-theft device, thieves don’t check before breaking in. Insurance companies are stuck covering the damage either way.
@Umbrielle
That’s not the only reason. According to multiple insurance providers, rates are up 20% overall due to the rising cost of parts and repairs.
LizCampbell said:
@Umbrielle
That’s not the only reason. According to multiple insurance providers, rates are up 20% overall due to the rising cost of parts and repairs.
Yeah, plus all the storm damage, fires, and floods wrecking cars. And let’s be real, insurance companies aren’t missing a chance to make more money.
Sadie said:
Insurance is going up for everyone, not just certain cars.
I just don’t get how this is happening so fast. Feels impossible to keep up with.
Sadie said:
Insurance is going up for everyone, not just certain cars.
I just don’t get how this is happening so fast. Feels impossible to keep up with.
You’re still paying less than me, and I have a 2023 Elantra.
@Sadie
That’s wild, I thought mine was bad.
I pay $355 a month for my 2019 Forte. I’d love to have $870 for six months instead.
Nathan said:
I pay $355 a month for my 2019 Forte. I’d love to have $870 for six months instead.
That’s crazy.
Nathan said:
I pay $355 a month for my 2019 Forte. I’d love to have $870 for six months instead.
Try $422 a month for a 2019 Elantra.
Nathan said:
I pay $355 a month for my 2019 Forte. I’d love to have $870 for six months instead.
Try $422 a month for a 2019 Elantra.
That makes me feel a little better about my $417 a month for a 2023 Kona.
Insurance is going up everywhere. An insurance agent told me rates will keep rising, and soon, the lowest deductible you can get will be $1,000. Homeowners insurance is going up too, and it’s getting ridiculous.
@Puck
That’s bad news. If this keeps up, owning a car is going to be out of reach for a lot of people.