Unless you drive a Ferrari, have multiple DUIs, and several teen drivers in your home, you are paying way too much. With the average insurance rate at $1,848 per year, the annual insurance cost–to–base car … My car insurance is $500 a month. Text: Send a payment via your cell phone or mobile device. Every car is put in one of 50 car insurance groups, based on how much they cost to cover: Group 1 cars are the cheapest to insure and include: Vauxhall Corsa, a Fiat Panda, Citroen C1. Where can I find cheap car insurance? You will pay the remaining $500 to … In short, the answer is, “not well.” According to a recent report, British Colombians are paying the highest premiums in Canada. Plus, it's easier to let them battle out who owes what and you can focus on getting your life back together. If you’re deciding between a $500 deductible, a $1,000 deductible, or any other option, there are a number of things you should consider. Most insurers only offer two policy term lengths, six months and 12 months. The answer is yes. Typically you can choose a deductible of $250, $500 or $1,000, but amounts can go as high as $2,500. Okay, so here's the thing. You may even see a different rate if you bundle insurance plans. Types of Car Insurance Payment Plans . Redditor M31550 saw $800 per year in savings after getting married, but only after calling in to update the information on their policy. For example, if you pay the provincial average of $1634 annually, your average monthly car insurance costs in will be $136. Michigan car insurance rate data comes from The Zebra’s State of Auto Insurance Report, which analyzed millions of unique rates to explore pricing trends across all United States ZIP codes, including Washington, D.C. So, consider boosing your deductible so you pay less in premiums and then pocket the savings. Mail: Send a check with your monthly bill in the mail. Online: Log in to our customer service site to pay online. The GAP insurance company denied my claim because the vehicle that I … For example, if your car needs $2,000 in repairs but you have a $500 deductible, your insurance company will pay $1,500 to you or the repair shop. And if the worst-case scenario takes place, you’ll be glad your coverage is broad enough to make you whole. I work full time and only make about 500 a week. Like your policy but wish it didn’t take up such a huge chunk of your budget? What you pay is determined by your policy and deductible, what you drive, how often/far you drive, where you live, your driving record, your credit history and your age, sex and marital status. Finding cheap car insurance after a comprehensive claim. manikandan40 (7). Ask your insurance agent if there are ways to lower the cost. Current insurance company: $1,436 for 12-month policy with paid-in-full discount Root : $1,334 for 12-month policy with paid-in-full discount ($667 x 2) Root will automatically match the coverage you already have if you tell them who you’re currently insured by. How to budget my car insurance. Asked October 3, 2016 . (Editor’s note: The average cost of a renters insurance policy is $187 annually, according to the National Association of Insurance Commissioners.). Answer by  For example, if you pay the provincial average of $1634 annually, your average monthly car insurance costs in will be $136. 00 a month seems like too much to me. Current insurance company: $1,436 for 12-month policy with paid-in-full discount Root : $1,334 for 12-month policy with paid-in-full discount ($667 x 2) Root will automatically match the coverage you already have if you tell them who you’re currently insured by. When I got the renewal, they doubled our 6 month rate. Answer by  After that, Hertz will charge $0.35 cents per mile. Mike39 (320). John (9008). An accident policy might pay $300 for the ambulance, $500 for the ER visit, $1,200 for the surgery, $1,500 for the hospital admittance, and $50 for a physician follow up. So, for an individual, most accident insurance premiums cost between $20 and $30 per month, depending on the plan. Life happens. Having said that, $500. Answer by  “If the average household income in the U.S. is around $52,000 per year (2013 census), then a $500/month car payment represents 11.5% of your income!” he says.