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When was the last time you shopped for car insurance?

When was the last time you checked rates for your car insurance? Have you moved to a new state or purchased a home? A number of factors may qualify you for a lower rate with a different carrier.

Vintage GuyWith the purchase of a new car several months ago, we decided to shop for a lower rate on our car insurance. We had been with Geico for about two years, who was the cheapest at the time.

We actually bought and sold a couple of cars while with Geico, but never shopped the rates. More than ever, I’ve been determined to reduce not only debt but our fixed monthly expenses like insurance. So I checked Progressive, Allstate, American Family, and all the usual suspects.

I was able to find a rate that was a little cheaper than Geico, but only by a matter of dollars.

The day I was going to sign up with American Family, I recalled hearing that a local company, Bear River, offered extremely competitive rates. With nothing to lose, I called them up.

In “15 minutes,” I saved a lot more than 15%. I was able to get a rate reduction of 28%! I also reduced my home insurance by about 29%. The really cool thing was that our coverage actually increased as well. We went from a $1000 deductible to $500.

So if you haven’t checked in a while, you might be able to save some cash by taking 30 minutes today and shopping around. Oh, and do you like my vintage pic of a guy shopping online?

Tags: | Filed under Insurance, Featured