Steadfast FinancesSaving Money on Car Insurance - Steadfast Finances

Saving Money on Car Insurance

Filed in Personal Finance 1 comments

If there is anything that I have learned over time about running a business, it is too keep your customers happy. If you can keep your customers satisfied, then odds are that they will return to you. This is often achieved by offering promotional discounts or long-term customer discounts. According to this logic, you would assume that most businesses would offer you a discount after many years of being a loyal customer. Yet, my recent experience with switching car insurance companies tells me that this isn’t always the case. If you are ever looking to save money, one of the easiest ways to see an immediate drop in your monthly bills is to shop around for car insurance. While you may think that your insurance company is giving you the best deal because you have been a loyal customer, it just doesn’t work that way.

Why I Switched Car Insurance Companies

It was just recently that I got sick of my car insurance company. To make a long story short, my car had been broken into and it took way too long for the insurance company to take care of it. It was in the several months that I was dealing with the claims adjuster that I decided it was time to shop around. They obviously didn’t value me as a customer, so why should I continue to pay them for horrible service. I had been meaning to see if  I could reduce my insurance expenses and going through this experience with my previous insurance agency pushed me to finally do it.

How I Found Better Coverage for Less Money

If you have been driving for a long time, I am sure you remember the days where you had to call up different agents to get a quote for insurance. While I never had to experience this myself, I am sure it took hours of conversations with real people just to get a few quotes. Fortunately, with the internet now, I can get free car insurance quotes online in a matter of minutes. It really is quite simple. There are various places to search for quotes, but the important thing to remember is to get a number of quotes now. You don’t want to have to go through the hassle of changing plans in a few months because you didn’t do your research now.

I was surprised to find insurance coverage with another company that offered slightly better coverage for about $200 less each year. I think you will be surprised to see what kind of savings you can find.

Have you had success in finding better rates for car insurance?

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Posted by CJ   @   8 February 2012 1 comments

1 Comments

Comments
Feb 11, 2012
4:41 pm
#1 Jason :

I had the same insurance agent for about 20 YEARS until 10 months ago. He was an independent agent who could shop many carriers and supposedly did a review each year to see if I was still getting the best deal.

I finally decided to get my set of quotes and found I could do much better with online insurance companies. I then checked with another local independent agent and he got me an even BETTER deal. From now on I will be re-quoting my insurance every 2 years or so.

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