How i saved over 700 dollars on my car insurance (really)

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No, I didnt call Geico. No, I didnt cut my coverage although raising the collision and comprehensive deductible is tempting. No, I didnt have an accident or ticket go off my record. And no, I didnt get a cheaper car or drop a car from coverage. So how did I lower my car insurance premiums by over 700 dollars a year?

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How i saved over 700 dollars on my car insurance (really)

  1. 1. How I Saved Over $700 on My CarInsurance (Really)
  2. 2.  No, I didn’t call Geico. No, I didn’t cut my coverage although raising the collision and comprehensive deductible is tempting. No, I didn’t have an accident or ticket go off my record. And no, I didn’t get a cheaper car or drop a car from coverage. So how did I lower my car insurance premiums by over $700 a year? To save this amount of money on my auto insurance rates I did two important things: (1) I moved; and (2) I shopped around and compared prices.
  3. 3. In January 2012, my wife and I moved from the Seattle area to St. George, Utah. I figured my insurance rates would be a bit lower as I knew Utah generally had low auto theft rates. But I never would have guess I could cut our premiums nearly in half.
  4. 4. My wife and I have two cars: a 2002 Volkswagen Jetta and a 2008 Mazda3. Before the move, I contacted our existing insurance company, USAA, and they quoted me a price of about $1,400 for our new address in St. George or approximately $200 less than what we were paying in the Seattle area for the two vehicles. I was pleased with this reduction and agreed to this new policy rate.
  5. 5. Comparing RatesUSAA is a great company that provides competitive rates and outstanding service. It is only available to U.S. military members, veterans, and their families. However, once we moved down to St. George and got situated, I decided it would be worthwhile to shop around and compare insurance rates since each state has different companies and evaluate drivers differently.
  6. 6. I initially got a quote from AAA NCNU insurance. Their rates were quite good. AAA offered me a huge discount for paying at least 6 months of the policy up front in a lump sum. With the lump sum payment, we were looking at a $500 savings off my USAA rates. Woohooo!!!!!! But I was not done yet. Could we save even more?
  7. 7. I had heard that American Family Insurance offers good discounts and I went to see a local St. George American Family agent. Their rates were even better than AAA.Awesome! We would save nearly $730 on our annual insurance periods compared to what we were paying in the Seattle area. This keeps getting better! Would the third time be the charm? I had to try one more time to see if we could save even more.
  8. 8. I decided to try an insurance broker that offered multiple companies in St. George to cast a wider net. The agent there (she didn’t even identify herself as an agent until I asked her) wasn’t the most friendly person in the world but she did ask me several questions.
  9. 9. She asked me if I’d drank an alcoholic beverage in the past 2 years. I answered yes (I had sinned).That disqualified me from receiving coverage from Bear River Mutual. Talk about strict! I understand being a higher risk of getting a DUI but that is a new one. The best quote I got from the this agent was from Progressive, which was a bit surprising. It was fairly competitive with the other two quotes I had received in St. George.
  10. 10. In the end, we decided to go with American Family and saved over $730 a year on our auto insurance premiums, compared to what we were paying in the Seattle area.So the takeaways from this are:
  11. 11. 1. Where you live truly does have a large impact on your auto insurance rates. 2. Always compare rates from multiple companies and do not just trust that the insurance company that gave you the best deal at one residence will give you the best deal at another.
  12. 12. Learn how to save on auto insurance andhow to save $700 on car insurance here: http://www.discountcarinsurancequotes.net

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