Car Insurance Question

[Southernmiss]

Go to a local independent agent who can shop the market for you and find the company with the best rates for you.

We finally did that last year. Allstate (that we were loyal to for 20 years) charged double what we now pay for insurance on 5 automobiles.

 

[clh2]

We had Geico for car, home insurance and our umbrella policy. DH started off with car Insurance since before we met, over 30 years ago, we added home insurance when we got one, and the umbrella policy after our retirement assets net worth stated to increase.

Last summer, we took a serious look at our insurance costs, and settled on using an independent insurance company (they represent several companies). We doubled our umbrella policy (from $1 to $2 million), increased our homeowners to include riders on some specific items we own, and kept our car insurance coverages equal to what had with Geico.

We saved over $1000/year.

I do regret not shopping this every couple of years.

 

[mrsstats79]

Shop your insurance. Rates change all the time. As other have said just make sure you are matching coverage for coverage. If you can find an agent try them. Agents don't have access to every company, the can't quote direct writers such as Geico, State Farm, Allstate. Try more than 1 agent.

 

[SandyinMonterey]

I was with Liberty Mutual for over 30 years. Thought there would never be a reason to change. Never made a claim., home or auto. That all changed when we moved to another state and had water damage due to tub. Decided to call Liberty Mutual and start claims process. Long story short, denied and when our next billing came in, home and auto insurance went through the roof. Switched to AllState, mostly because there is an office and a person that I know who they are and their names that I can speak with instead of a call center. Our rates have also gone up, but not like the huge jump with Liberty Mutual. The last rate increase, as I was told, was because of our zip code (cost of living, etc). Just a couple of days ago I started researching for a different company. Looking at brokerage companies but I need to research that because I don't fully understand. I do visit another forum where there has been chatter about everyone's rates going on. There were a lot of natural disasters in 2021 costing billions and rates always go up because of it.

 

[mamamary]

Go to a local independent agent who can shop the market for you and find the company with the best rates for you.

We finally did that last year. Allstate (that we were loyal to for 20 years) charged double what we now pay for insurance on 5 automobiles.

We are leaving Allstate also after close to 30 years. They were charging a fortune for our 4 cars. We just switched this week and are saving thousands for the same coverage.

 

[kdonnel]

At least with Allstate in the past, they have different rates for existing and new customers. I was able to get my rates lowered by asking my agent to quote me as a new customer.

Eventually I got tired of having to ask every couple years and switched to a different provider who according to internet searches does not have different rates for existing or new customers.

 

[tvguy]

Every time I have price shopped my insurance (auto, home owners and umbrella) some individual coverages will be less, some more, but the total premium for all three always adds up to nearly the exact same amount.