What Is My Neighbor Paying For His 2022 GMC CANYON?

Safe Driver 227, Male, Single, Colorado 80913
Year/Make Model: 2022 GMC CANYON
Ownership Status: OWN
Discounts: Continuous Insurance Discount – Platinum II | Electronic Funds Transfer | Five Year Accident Free | Paperless | Three Year Safe Driving
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Selected Coverages With Carrier Progressive
Bodily Injury Liability: $25,000 / $50,000
Property Damage Liability: $15,000
Uninsured Motorist Bodily Injury: Rejected
Comprehensive: $1000 deductible
Collision: $1000 deductible
Other Rejected Coverages: Uninsured Motorist Property Damage, Rental Reimbursement, Roadside Assistance

Why Is Insurance so expensive?

  1. Marital Status-If you are a married individual most companies will offer a discount for this.
  2. Age-Your age is a factor due to your driving experience, if you are a youthful driver your rates will be higher in comparison to drivers over the age of 25.
  3. Gender– This is a highly debated topic, but the fact is, gender still plays a factor in most states in the U.S. The reason is females pay less for their auto insurance than males, who are statistically a higher risk.
  4. Zip Code/City-Your zip code is a big factor with rates due to the level of population in your area. The higher populated a city is, the higher your rates will be.
  5. Driving Record-As you might have guessed, if you have accidents, tickets, or even minor violations on your record, your rates will be higher.
  6. Vehicle Characteristics-Lastly, your vehicle’s characteristics are important due to the value of your vehicle. The newer the vehicle, the higher the cost it will be to insure that vehicle.

Total 6 Month Premium: $1,805.50

Monthly Installments: $300