It turns out that assumption is completely true. And my reward for proving that to myself is that I get to save almost $600 per year.
Do you like $600? Got a lot of things you could do with $600?
Then listen up. Here’s how I rocked my own auto insurance world and got basically the same coverage for almost 2/3 of the price.
Step 1 – Best Recognize You’re Being Had:
My current car insurance provider – we’ll call them quadruple A or (AAAA for short) to hide their identify – was severely pimping me hard.
I’ve been a member of their insurance services for I don’t even know how many years (probably 10 or more), and every year they seemed to raise my rates. No accidents. No claims. No problems. Just me and my cars getting older. YET still the rates went up.
Usually when this happens, I (being the diplomatic chap I am) call them up and see if there isn’t any sort of gentlemen’s arrangement we can come to? Translation: Lower my price or I’m going to start shopping around for a better deal!
For years this approach to lowering my auto insurance actually worked – and it worked really well. But as of recently, they’ve been giving me the big middle finger when I ask for better coverage rates. So that leaves me no choice ….
Step 2 – Shop Around with a Few Good Car Insurance Companies:
In this day and age of instant quotes and insurance agents ready to call you in your sleep, you’d have to be crazy to not want to work with an existing customer. Especially on something that has become such a commodity as auto insurance. But who am I to explain best business practices to AAAA?
Anyways, it didn’t take long before I had 3 competitors quotes in my email box. And man! They were a heck of a lot cheaper than what I was paying now.
Again, I gave my current provider the chance to make a change. But again, like a cow on the railroad tracks, they would not budge.
Too bad for them the train was coming!
Step 3 – Be Prepared to Make the Switch:
No one likes a break up. Even if it is just with a plastic card that has your insurance policy number on it. But I still felt a little weird typing my “sorry, so long” email to my agent letting them know I will not be renewing my policy next term.
(To add insult to injury, my agent never even actually canceled my policy. I had to call AAAA HQ and talk with a rep over there to make sure my account was going to properly discontinue.)
When it comes to commodities, there is always going to be a cheaper price. While I don’t recommend you always go with the absolute lowest (shaddy) option, I do think there are a lot of really reputable companies that can work with you within your budget. And that especially applies to something as common as good car insurance.
So if you feel like you’re paying too much, you probably are. Get online. Get a few quotes. And be ready to make a change. You might just find yourself $600 richer!
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