Now paying more per month then I pay for car note $480

General
1

Hey, I desperately need some help and answers. :sweat: I have a clean driving record with no accidents or moving violations, full coverage :red_car:, and I’m 34 years old. I live with my wife (not legally married) in Denver, CO :mountain_snow:, and have one car on my policy, a 2017 Audi A4. I only drive it one or two days a week :red_car:, and the rest of the time, it’s secured at my workplace :lock:.

My insurance used to cost around $800 a year, but my policy recently renewed and now costs $480 a month. :money_with_wings: I’ve excluded my wife from the policy because she’s high-risk. Despite checking my LexisNexis and other reports, I can’t find any reason for these high rates. Can anyone explain why this is happening? :thinking: I’m paying a lot for insurance I rarely use.

2

People are experiencing higher car insurance rates as a result of inflation and increased theft.

3

Hey comrades here is a breakdown ,
$500 a month: This is $20 more than what you already pay on your auto loan.
$120 more than your present car note payment, or $600 a month.
$700 a month: This is $220 more than what you now pay off on your auto loan.
$800 a month: This is $320 more than what you now pay off on your auto loan.
$900 a month: This is $420 more than what you now pay off on your auto loan.
$1,000 a month: This is $520 more than what you now pay off on your auto loan.