Comments on: I Just Lowered my Auto Insurance Bill by $489 Per Year http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Wed, 23 May 2012 00:42:00 +0000 hourly 1 http://wordpress.org/?v= By: Jim Phelps http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/comment-page-1/#comment-218792 Jim Phelps Sat, 26 Jan 2008 01:47:20 +0000 http://allthingsfinancialblog.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/#comment-218792 As an agent, I can tell you it does pay to shop your coverage around. If you're with a "captive" agent (State Farm, Allstate) check with an independent agent. They write with many companies and many times can find the lowest rates with smaller mutual companies that aren't as well known. And remember, the squeaky wheel gets the grease, so if you don't squeak, your policy won't get shopped around. It can be quite a bit of word quoting with 4 or 5 companies, especially if it's a package deal, but if it means keeping your business, it'll get done! As an agent, I can tell you it does pay to shop your coverage around. If you’re with a “captive” agent (State Farm, Allstate) check with an independent agent. They write with many companies and many times can find the lowest rates with smaller mutual companies that aren’t as well known. And remember, the squeaky wheel gets the grease, so if you don’t squeak, your policy won’t get shopped around. It can be quite a bit of word quoting with 4 or 5 companies, especially if it’s a package deal, but if it means keeping your business, it’ll get done!

]]> By: Joe http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/comment-page-1/#comment-180011 Joe Tue, 27 Nov 2007 23:55:16 +0000 http://allthingsfinancialblog.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/#comment-180011 I have been dealing with allstate for years with my car insurance which I have an excellent driving record I decided to check other companies just to see if I could get a lower monthly rate...And Geico gave me a 50 dollar a month savings with roadside service and savings on a rental car in case of an accident which allstate wanted to raise my rate with the same options....So it just goes to show you...It pays to shop around and get better service for your hard eaned money. I have been dealing with allstate for years with my car insurance which I have an excellent driving record I decided to check other companies just to see if I could get a lower monthly rate…And Geico gave me a 50 dollar a month savings with roadside service and savings on a rental car in case of an accident which allstate wanted to raise my rate with the same options….So it just goes to show you…It pays to shop around and get better service for your hard eaned money.

]]> By: Cricket http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/comment-page-1/#comment-120354 Cricket Fri, 13 Jul 2007 12:33:12 +0000 http://allthingsfinancialblog.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/#comment-120354 To Joseph; Call your insurance company to duke it out with Nationwide. The reason you do this is to protect your premiums from going up. I have been a member of USAA for 20 years, and while they have been extremely good, there have been times I have had to get in their face about 'fender benders.' One was a kid who backed into me and hit my door. I got his license number and had USAA run it down...he was with State Farm and they refused to pay a thing, since a police report hadn't been filed. So, that got filed, and USAA took it from there. I had it repaired within a week of getting hit. If someone hits you, and you are still conscious and have a cell phone, call 911, your lawyer and your insurance company before you call anyone else. After you get them, and they are protecting your rights, you can have the luxury of passing out. To Joseph;
Call your insurance company to duke it out with Nationwide.
The reason you do this is to protect your premiums from going up. I have been a member of USAA for 20 years, and while they have been extremely good, there have been times I have had to get in their face about ‘fender benders.’

One was a kid who backed into me and hit my door. I got his license number and had USAA run it down…he was with State Farm and they refused to pay a thing, since a police report hadn’t been filed. So, that got filed, and USAA
took it from there. I had it repaired within a week of getting hit.

If someone hits you, and you are still conscious and have a cell phone, call 911, your lawyer and your insurance company before you call anyone else. After you get them, and they are protecting your rights, you can have the luxury of passing out.

]]> By: AllFinancialMatters » Blog Archive » Auto Insurance - When Should You Drop Collision and Comprehensive Coverage? http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/comment-page-1/#comment-99979 AllFinancialMatters » Blog Archive » Auto Insurance - When Should You Drop Collision and Comprehensive Coverage? Thu, 26 Apr 2007 17:41:02 +0000 http://allthingsfinancialblog.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/#comment-99979 [...] I dropped both comprehensive and collision on our Honda Civic last year, which reduced our premium by nearly $500. It’s nice to have an emergency fund! Bookmark to:   [link] [...] [...] I dropped both comprehensive and collision on our Honda Civic last year, which reduced our premium by nearly $500. It’s nice to have an emergency fund! Bookmark to:   [link] [...]

]]> By: Shawn http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/comment-page-1/#comment-74976 Shawn Sun, 11 Feb 2007 20:57:54 +0000 http://allthingsfinancialblog.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/#comment-74976 I completely agree, many people are simply over-insured. Dropping the comprehensive and sometimes collision coverage on older cars can save a significant amount. Considering the average person claims a total loss once every 50 years, chances are good that you would have paid many times what that car is worth in auto insurance premiums. Another good way to save is by asking your auto insurance carrier about discounts. Some carriers have some pretty obscure ones. Readers of this blog may also find helpful information to reduce their auto insurance at: www.accidentautoinsurance.com I completely agree, many people are simply over-insured. Dropping the comprehensive and sometimes collision coverage on older cars can save a significant amount. Considering the average person claims a total loss once every 50 years, chances are good that you would have paid many times what that car is worth in auto insurance premiums. Another good way to save is by asking your auto insurance carrier about discounts. Some carriers have some pretty obscure ones.

Readers of this blog may also find helpful information to reduce their auto insurance at:

http://www.accidentautoinsurance.com

]]> By: joseph http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/comment-page-1/#comment-74859 joseph Sun, 11 Feb 2007 13:04:03 +0000 http://allthingsfinancialblog.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/#comment-74859 nationwide is a rip off some girl hit me an ran now nationwide dont think they should pay me even if it was her falt!An after all that now they got my address from the report an now they keep sending me Letters tryin to get me to buy Ins, from them they got alot of nerve!i would want a better Car Ins, co!An i hope that noone with Nationwide ever hits me agin because next time i wont be so nice! an i will call a lawyer ! nationwide is a rip off some girl hit me an ran now nationwide dont think they should pay me even if it was her falt!An after all that now they got my address from the report an now they keep sending me Letters tryin to get me to buy Ins, from them they got alot of nerve!i would want a better Car Ins, co!An i hope that noone with Nationwide ever hits me agin because next time i wont be so nice! an i will call a lawyer !

]]> By: Traci http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/comment-page-1/#comment-60718 Traci Sat, 06 Jan 2007 07:27:00 +0000 http://allthingsfinancialblog.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/#comment-60718 I agree that having a high deductible is a great way to save money on your insurance. Another good way to save money on insurance is to use the internet to get some competitive quotes you can use to compare against your existing insurance companies rates. I think that would be a great negotiation tool to encourage your insurance company to review your plan and hopefully provide you with some cost savings. I'm with Farmers Insurance and I was planning to meet with my agent to review my plan to make sure I wasn't paying for something unecessarily. I haven't had that meeting yet, but after visiting this forum, I'm definitely motivated to do that. Thanks www.cheapcarautoinsurancequotes.com I agree that having a high deductible is a great way to save money on your insurance.

Another good way to save money on insurance is to use the internet to get some competitive quotes you can use to compare against your existing insurance companies rates.

I think that would be a great negotiation tool to encourage your insurance company to review your plan and hopefully provide you with some cost savings.

I’m with Farmers Insurance and I was planning to meet with my agent to review my plan to make sure I wasn’t paying for something unecessarily. I haven’t had that meeting yet, but after visiting this forum, I’m definitely motivated to do that.

Thanks

http://www.cheapcarautoinsurancequotes.com

]]> By: dosibule http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/comment-page-1/#comment-53752 dosibule Wed, 13 Dec 2006 23:08:53 +0000 http://allthingsfinancialblog.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/#comment-53752 my insurance is good but 489 ... :o my insurance is good but 489 … :o

]]> By: Jeff http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/comment-page-1/#comment-3603 Jeff Thu, 04 May 2006 00:02:35 +0000 http://allthingsfinancialblog.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/#comment-3603 I might just do that for my car insurance....I use USAA for homeowners and both my vehicles, and I've been really pleased with their service and pricing (I pay $2100 per year for 2004 G35 and 2003 FX35).....Unfortunately, just got my renewal for homeowners....$4335.00 , a $1200 increase to cover 2005 and 2004 hurricanes ( live in Boca Raton FL...took direct hit from Wilma and Francis, and a glancing blow from Jeanne)...oh well... I might just do that for my car insurance….I use USAA for homeowners and both my vehicles, and I’ve been really pleased with their service and pricing (I pay $2100 per year for 2004 G35 and 2003 FX35)…..Unfortunately, just got my renewal for homeowners….$4335.00 , a $1200 increase to cover 2005 and 2004 hurricanes ( live in Boca Raton FL…took direct hit from Wilma and Francis, and a glancing blow from Jeanne)…oh well…

]]> By: Kurt Ramsauer http://allfinancialmatters.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/comment-page-1/#comment-3524 Kurt Ramsauer Mon, 01 May 2006 16:22:29 +0000 http://allthingsfinancialblog.com/2006/04/28/i-just-lowered-my-auto-insurance-bill-by-489-per-year/#comment-3524 I think everyone should have as high a deductible as possible. Since these days pretty much any action on your car is going to cost more than $1000, you are basically paying them to hold your money until your first claim. I'd rather hold on to it, thank you very much. I think everyone should have as high a deductible as possible. Since these days pretty much any action on your car is going to cost more than $1000, you are basically paying them to hold your money until your first claim. I’d rather hold on to it, thank you very much.

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