Jessalin Vidakovic

Question: My car insurance rate is ridicules. why?

Im currently insured with Geico. I got my plan back last year when i had a beater car (2001 nissan maxima). My premium was only 260 or so for the whole year, whiche came out to 40 bucks or so a month. ive since bought a new car (2013 nissan versa) and switched it with my old car. my monthly payment only went up 4 or 5 bucks as a result. This rate is fricking great and i have no problems. however, when i go to refinance (for lack of a better word) my insurance or simply shop around, for some reason the quotes they give me skyrockets my payments to 260+ a month!! the same is for other insurance providers aswell, even the insurance offered by my bank! what gives? why the huge leap? i have a clean record (no accidents ever, last speeding ticket was 4+ years ago), what was at the time, a brand new car, aswell as a better job (was working in a restaurant, now at a lawfirm). Sure, ive moved since i first got the policy, into a poorer neighboor hood, but does it really warrant a 200 dollar increase? Someone please help me wrap my head around this. im 21 and am still pretty clueless when it comes to this sort of thing

BEST ANSWER: Try this site where you can compare quotes from different companies: INSUREINFO.US