We all buy car insurance just in case something happens. I wish we could get some of our money back for not getting into an accident. But that’s not how it works.
Every 6 months to a year, depending on your policy; you will get a renewal statement. Sometimes, you will get a sticker shock. The bill went up. You wonder why to yourself when you didn’t get into an accident. You call and they come up with some excuse because it everyone else doesn’t have coverage or has an accident.
You get mad and pay the bill. But, did you know there are other Insurance companies out there that wants your business and can beat the price? You just have to call and around and get a quote.
Insurance companies are betting on that you are too busy or lazy to call around to get quotes.
4 places to contact for discounts.
- Employer, A lot of companies are giving employees discounts for Insurance companies. Contact your HR department or check your benefit packages.
- Banks and credit unions offers discounts.
- Memberships: such as Bjs, Costco, Sams Club or AAA, Networking groups
- Insurance Broker. They do the foot work for you. They work with different companies to get you the best rate and coverage
We stay with the same companies and for what? They raise your rates. But for a new customer the rates are lower – that doesn’t make sense. We are getting penalized for being a loyal customer. We pay your bill on time and no accidents.
Don’t let being busy or lazy cost you more money. Don’t you want to save $10 to $20 bucks a month? You can put that towards a bill or a trip. You have to be diligent with the company they want your business. Please make sure you are getting enough coverage. Ask your friends and family who they use. That’s how I found my insurance broker. It is a little time consuming to call around but it is worth it if you save some money. So, don’t be loyal.
Do you have any other tips to save on car insurance?