It pays to shop around!
Posted by: TammyWe’ve had the same auto and home insurance companies for quite a few years. No claims, no accidents, no problems. We’re getting more mature and so aren’t the vehicles so you’d think the cost would be going down, right? WRONG! Understandably, the cost to replace our home has gone up so the rising cost of homeowners insurance is understandable but we couldn’t comprehend the increasing auto insurance cost.
We decided to go shopping.
Talk about eye-opening and shocking!!! We got four estimates from reputable companies. Of the four, two of them came in considerably less. The other two didn’t write the camper insurance the same way and it wouldn’t have been a savings for us. But, of the other two, we ended up going with the insurance company my husband works for. Previously, they wrote auto insurance in a different way so that we just couldn’t afford it but that has changed.
Just to demonstrate the savings: Our previous auto insurance was costing us $720 every six months or $1,440/year. The new insurance rate will only be $433 every six months or $866/ year. That’s a savings of $574 every year!!! That’s no small chunk of change!
I brought this up with the forum members here and was surprised to learn that this happens a lot. Insurance companies get you on board and then continue to raise rates regardless of your age, cars, and driving record. You’re almost forced to shop around every few years to insure you’re getting the most bang for your buck.
When was the last time you reviewed what you’re paying for insurance, cell-phone contracts, cable, internet and telephone suppliers? It certainly pays to review this stuff!
- Tags: saving on auto insurance