Why is my insurance so cheap?

When was the speeding ticket? With most accidents and tickets, will stay on your record for 3 years then drop off. If the ticket just happened, then when your renewal comes around, and they run your license, will find it and most likely raise your rates.

good luck

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RE Why is my insurance so cheap?

I am a 19 year old male, and I own a 2011 Nissan Altima SL.

I live in Baltimore City (which has the highest rates in the state)

and have a speeding ticket and a not at fault accident.

I carry 100/300/100 coverage with matching 250 deductibles.

I also have vanishing deductible, accident, and minor

violation forgiveness.

I pay 172.00 per month.

I thought I could save a few bucks and switch companies,

however, I quoted literally every company available in MD

and the lowest I found was 580 a month for the same

coverages. Thats a HUGEEE difference!

I am starting to wonder if something is wrong with my

policy.

I have had it about a year with no issues, and my not at

fault claim went through smoothly.

I am the sole policy holder, and no, my family is not with

Nationwide either...

What could cause such a difference?

Any ideas?

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RE :Why is my insurance so cheap?

I am a 19 year old male, and I own a 2011 Nissan Altima SL.

I live in Baltimore City (which has the highest rates in the state)

and have a speeding ticket and a not at fault accident.

I carry 100/300/100 coverage with matching 250 deductibles.

I also have vanishing deductible, accident, and minor

violation forgiveness.

I pay 172.00 per month.

I thought I could save a few bucks and switch companies,

however, I quoted literally every company available in MD

and the lowest I found was 580 a month for the same

coverages. Thats a HUGEEE difference!

I am starting to wonder if something is wrong with my

policy.

I have had it about a year with no issues, and my not at

fault claim went through smoothly.

I am the sole policy holder, and no, my family is not with

Nationwide either...

What could cause such a difference?

Any ideas?

Follow 6 answers

Most likely, you're not the primary insured, or you're excluded from coverage as a driver on the policy. Maybe you put everything in Grandma's name (fraud) to get the rate that low.

I'd like to point out that your scenario is most likely NOT true - having a $250 deductible on collision for a policy that has been written only in the past couple of years, is extremely unlikely.

You have hit the jack pot. Make sure all your information is correct at the insurance company and don't look a gift horse...

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Maybe they think you are older then you are.