Sample Auto Insurance Rate: Full Coverage for a 2016 Jeep Wrangler Sport
 30 Year Old Male, Single, Colorado Springs, Colorado ) |
|---|
| Year/Make Model: 2016 Jeep Wrangler Sport 4 Door Wagon |
| Ownership Status: Financing |
| Discounts: 3 years safe driving, paperless, continuous insurance, automatic card payments, accident free |
| Full Coverage with Progressive |
|---|
| Bodily Injury Liability: $25,000 Per Person, $50,000 per accident |
| Property Damage Liability: $25,000 Property Damage |
| Uninsured Motorist Bodily Injury: N/A Comprehensive: $500 Collision: $500 |
| Other Rejected Coverages: medical payments, roadside assistance, rental car reimbursement |
Many people often inquire why their down payment is higher than their monthly payment. This isn’t the case with every policy, but typically the down payment is higher because it includes company specific fees such as an installment fee. If it is exceptionally high, it could be due to a poor credit or insurance score. The company sees your clean driving record, and that’s good, however, they might look at you as more of a financial risk. Therefore this could result in a higher down payment.
Total 6 Month Premium: $1135.50
Monthly Installments: $195