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 nor 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.
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.