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Yep, a few times. Every few years we shop around for insurance and usually find better deals.
We had State Farm for years. Full coverage on two vehicles cost us about $1,800 per year. We switched to Geico and the exact same coverage went to $850 per year. Back in February of this year we went shopping again. We ended up with Traveler's at $575 per year for coverage that included free glass replacement. We didn't have that with Geico. We bundle with RV and homeowner's, so factoring those in we save over $2,600 per year moving everything.
So many commercials and I'm trying to figure out who the average person is who can save that much.
Yes and No. When I moved from New Jersey to Update NY, the car insurance cost was cut in half. I went from paying $1,600 a year to about $800. So technically I did cut my cost by more then 15% by switching insurance companies, but I had to move to a different location to realize that savings.
Yes and No. When I moved from New Jersey to Update NY, the car insurance cost was cut in half. I went from paying $1,600 a year to about $800. So technically I did cut my cost by more then 15% by switching insurance companies, but I had to move to a different location to realize that savings.
I'm sure. Some areas of the country are more urbanized and accidents are more commonplace. There may also be issues with damage to your car from thieves breaking into it. Someone who lives in greater Los Angeles cannot expect to pay the low premiums that someone living in Minot, North Dakota pays.
Its a game............if you stay with your company for 5+ years then get a quote it will likely be cheaper somewhere else. They all want to reel you in, thinking your saving huge and after a couple renewals you are paying too much again.
I have a commercial policy with State Farm, it was cheaper than the last company but they wrote a separate policy for each truck (odd) so it makes it harder to cross-shop the multiple trucks. I'm 2 yrs in with SF so it is time to shop renewals. Last year they sent out checks for each policy as Covid discounts so those rates were artificially cheaper for that one year.
Its a game............if you stay with your company for 5+ years then get a quote it will likely be cheaper somewhere else. They all want to reel you in, thinking your saving huge and after a couple renewals you are paying too much again.
I have a commercial policy with State Farm, it was cheaper than the last company but they wrote a separate policy for each truck (odd) so it makes it harder to cross-shop the multiple trucks. I'm 2 yrs in with SF so it is time to shop renewals. Last year they sent out checks for each policy as Covid discounts so those rates were artificially cheaper for that one year.
SF does all vehicles as their own policy, both commercial and personal lines.
Your top sentence is inaccurate. Rates are set by territory and risk, filed with the respective state and inflexible.
Your top sentence is inaccurate. Rates are set by territory and risk, filed with the respective state and inflexible.
Fixed rates by state is only for workers compensation rates...........I've never heard this for auto insurance, do you have a link that can support your statement?
Yes..We saved more than that switching from State farm in Texas to Progressive in Lousiana
Had our driving monitered in 3 cars for 6 months and it went down to $1600 yearly.
I recently saved several hundred $$ annually just by finding a good insurance agent, who somehow got me the same Progressive coverage I'd had before, but got me a discount by having me sign up for electronic notifications only, and I"m not sure how they pulled off the rest of it. Maybe it was a difference in cost due to moving to a different state. In any case, I was impressed.
Yep, a few times. Every few years we shop around for insurance and usually find better deals.
We had State Farm for years. Full coverage on two vehicles cost us about $1,800 per year. We switched to Geico and the exact same coverage went to $850 per year. Back in February of this year we went shopping again. We ended up with Traveler's at $575 per year for coverage that included free glass replacement. We didn't have that with Geico. We bundle with RV and homeowner's, so factoring those in we save over $2,600 per year moving everything.
In a few years, we will do this again.
I switched my cars from Allstate to State Farm after 20+ years and saved over $1K per year. Saved several hundred per year per motorcycle when I switched several to Progressive. Oddly enough, Progressive was significantly more expensive than State Farm for my "killer" super sport motorcycle (Yamaha R1M), so I kept it insured with State Farm.
Fixed rates by state is only for workers compensation rates...........I've never heard this for auto insurance, do you have a link that can support your statement?
Yes. It’s the rate filings for each individual carrier. They do not arbitrarily raise rates based on “roping you in”. They just file rate revisions periodically that affect ALL customers meeting those criteria.
Your statement about workers comp is false. While certain state fund programs have fixed rates, there are many private paper programs that do not.
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