Real Estate Agent

For years I've been complacent about my car insurance. Renewing with the same national company year after year out of pure laziness. Each year my policy would go up a one, two or three hundred dollars. When I would question the cost the agent would tell me that costs had gone up within the entire industry.

My husband and I have not had any tickets or accidents in 20 years. Our cars were not overly expensive vintage carnor were they in the high risk class. I could not understand why the cost keep increasing. I had done business with the same agent for home owners and car insurance for 15 years and felt comfortable with them.                                          

That was my problem. Not looking beyond my comfort zone.

I'd complain to myself about the ridiculous amount, but always forgot to explore other options before the next renewal date. Finally I made a note in my trusty day timer. I made a list of insurance companies I wanted to get a quote from.

A month before my policy renewed I sat down to hunt for a better rate. When I made my first call I was stunned. Not only was my old policy high - it was a rip off.

I was paying $3,600.00 a year with my old company. I got a quote through AARP for the same coverage that included accident forgiveness for $1,300.00 per year. What a difference. A $2,300.00 a year savings.

woman on phone

I also got a quote for my home owners. The policy was exactly the same for the house and contents but I was able to add a rider plus save $300.00 per year.

One call equaled an annual savings of $2,600.00. What could you do with some extra cash in your pocket? As a Realtor that equated to my annual dues plus some CE credits. If you are contemplating buying a home that extra cash increases your buying power.

Today we are all looking for ways to cut down expenses and be more frugal with our money. If you have not compared rates with your car insurance in a number of years you might be missing out on some substantial savings. It's immaterial what your age is. No matter how old you are shop around and get several quotes.

The big names you see advertised everywhere are not always the best deals. In fact, some of them are the worst. I know!

My former insurance company was one of them. Getting out of the comfort zone can actually be beneficial.

Remind your buyers to check their rates for some added savings.




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Marc Swartz
Mortgage Finders Canada Inc., Mortgage Brokerage, Lic# 11118 - Toronto, ON
Principal Broker / Mortgage Broker, AMP

Very good advice to use all of the savings available to you via various memberships.

Jul 29, 2009 01:06 PM #1
Chanda Barrick
Keller Williams Indy Metro Northeast - Indianapolis, IN
in referral

WOW, 3600/year does sound awfully high.  I'd say a $2600.00 savings is definitely nothing to sneeze at.  Good for you going out and exploring other options!

Chanda panda

Jul 29, 2009 02:08 PM #2
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Chanda, I have 4 cars.  Only one has collision.  The $3600 was for 4 with the old policy verses 4 for $1300 on the new policy.  It pays to compare.  take care

Jul 29, 2009 02:44 PM #3
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good advice. i always tell buyers to compare with atleast two companies when they get homeowners insurance.

Jul 29, 2009 11:00 PM #4
Irene Kennedy Realtor® in Northwestern NJ
Weichert - Lopatcong, NJ


There aren't tons of benefits of aging gracefully but the AARP discounts are among the few! ;-)

Jul 30, 2009 12:24 AM #5
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

Wow.  I'm going to have to find my AARP card myself and do some serious shopping.  Thanks for sharing your experience.

Jul 30, 2009 02:18 AM #6
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

I was astounded at home helpful they were.  No hard sell either. 

Jul 30, 2009 05:58 AM #7
Dan Callahan
Callahan's Home Inspections - Casper, WY

Bonnie I can not wait for the next 7 months to go by so that I can get my AARP card. My in-laws swear by it and like you they have saved a bundle on insurance and discounts on big ticket items.

Jul 30, 2009 09:56 AM #8
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Dan, I think the age to join is around 50.  I thought it was just for seniors.

Jul 30, 2009 10:02 AM #9
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Bonnie Vaughan

CNE SFR - Buyers/Sellers - Lackawanna & Surroundin
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