Trimming the Fat: Car Insurance

I’ve always seen commercials for Geico, Allstate and Progressive.  They all tell me that I can save a ton of money on my car insurance if I switch to their company.  I’ve had Allstate since I was in high school.  The only reason I’ve stayed with Allstate is because they were my parents’ insurance provider and since my parents were paying for my insurance, they became my insurance carrier.  Well, 12 years later, I’m still using Allstate.  About a month ago, I decided to get a quote from Progressive.  It was a little cheaper than my Allstate rate, but instead of going right to Progressive, I did a funny thing.  I emailed my insurance agent and told him that I was trying to get a more competitive rate for my car insurance and I wanted to see what he could do.  He was very appreciative of me giving him the chance to see what he could do and guess what?  He was able to enroll me in one of the newer Allstate programs and my monthly car insurance payment went from $180.00 a month to a little over $90.00 a month.

Wait…wait just a second.  By sending one email, I was able to cut my car insurance in HALF.  Were they ripping me off for the past few years?  I doubt it.  It’s more like cell phones (which I will talk about later) in that, if you are willing to renew or follow up on the current deals, you may be able to save some money.  This year, I am managing to save some $$$.

So, as far as my first trimming the fat experiment, I was able to save about $87/month, which translates to $1044 a year.  WOW!!!!!!!!!  This doesn’t even include all of those Safe Driver’s incentives that Allstate is throwing around these days.  I don’t want to get ahead of myself, so I’ll just relish this mini-victory for now.

Next up: My Apartment.

- broke

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