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Started By
Message
I Just Saved $1500 a Year
Posted on 12/12/16 at 3:46 pm
Posted on 12/12/16 at 3:46 pm
Saved money and got much better coverage to boot by moving from Liberty Mutual to USAA for auto/homeowner's insurance. It pays to shop around every few years.
Posted on 12/12/16 at 3:49 pm to Layabout
Liberty Mutual was pretty high for Auto. I called my agent and since I made 3 years with them with no claims or tickets, they were able to give me the same coverage from $320 per month to $200 per month for 2 vehicles.
Posted on 12/12/16 at 4:01 pm to Doink
I did that when I switched from State Farm to Geico for auto.
Posted on 12/12/16 at 4:49 pm to Layabout
Just switched to progressive and saved 2k per year
Very happy
Very happy
Posted on 12/12/16 at 5:45 pm to Old Sarge
quote:Did you package anything or was it just for vehicles? That's a damn sweet deal.
Just switched to progressive and saved 2k per year
Posted on 12/12/16 at 5:47 pm to Layabout
quote:
Saved money and got much better coverage to boot by moving from Liberty Mutual to USAA for auto/homeowner's insurance. It pays to shop around every few years.
Funny how it works. Had USAA for home in New Orleans with good competitive rate. Buying a house here and they were high by over $1000. Thought I'd do better in their backyard but nope.
Posted on 12/12/16 at 8:14 pm to geaux.home
2 houses, 4 vehicles and a boat
Posted on 12/12/16 at 9:09 pm to Layabout
quote:
It pays to shop around every few years.
In order to get the best rates one generally has to change insurers every few years, the industries fee structure is set up to entice new customers not retain existing ones.
I swap between Allstate and Nationwide every few years.
Posted on 12/13/16 at 8:59 am to cave canem
I received a flyer from a local company the other day quoting 1100 a year for my house based off an Zillow appraisal which seemed to be close to the actual value. I currently have USAA and pay about 1600 a year. I wonder if it is worth looking into? only concern is I have my cars insured with usaa and not sure if it will mess up any discounts I received due to that.
Posted on 12/13/16 at 9:47 am to lsuCJ5
quote:
I received a flyer from a local company the other day quoting 1100 a year for my house based off an Zillow appraisal which seemed to be close to the actual value. I currently have USAA and pay about 1600 a year. I wonder if it is worth looking into? only concern is I have my cars insured with usaa and not sure if it will mess up any discounts I received due to that.
I swap the whole package every time, house, auto, boat, etc.
The crazy thing about it I pay less, the agent and broker make more and the insurance companies are having to deal with new policies and that expense/pita, seems they would adjust the pricing models a bit in order to retain business/save money.
I guess they have figured out most folks are just too lazy to bother and pay a higher premium for convenience.
Posted on 12/13/16 at 9:51 am to cave canem
quote:
figured out most folks are just too lazy to bother and pay a higher premium for convenience.
This is my toughest battle. People are too lazy. As an independent broker, I literally close 80% of the new business I quote. Sometimes I save $10/month. Sometimes I save $300/month. My average savings per year, per personal lines policy right now is $427.
To some people that's a lot of money, others not so much.
Posted on 12/13/16 at 9:53 am to BamaCoaster
Can you briefly explain the process for working through an insurance broker? What kind of information do I have to provide? And how does the broker get paid?
Posted on 12/13/16 at 10:40 am to Cold Cous Cous
Pretty simple.
I have access to 12 auto carriers (progressive, SafeCo, National General, Travelers, Hartford, State Auto, Nationwide, etc)
9 homeowners/condo carriers (located in orange beach, so condos are a big draw)
And, over 40 life carriers.
You call me up. Take 6 minutes of info gathering. Shoot off your info into what is called a "rater". Get instant quotes back for auto. Takes a day or so for home, since there is more that goes into it, especially along the coast.
As opposed to being a captive agent (State Farm, Allstate, farmers, etc), brokers can shop around.
You just provide basic info (dob, address, name, sometimes dl #, never ssn) and from that, most companies can pull up your vin and your insurance info so they can match the coverage. Also include any wrecks or tickets in the past 3-5 years, depending on the company.
Brokers get paid a commission, between 10-15% of premium.
I have access to 12 auto carriers (progressive, SafeCo, National General, Travelers, Hartford, State Auto, Nationwide, etc)
9 homeowners/condo carriers (located in orange beach, so condos are a big draw)
And, over 40 life carriers.
You call me up. Take 6 minutes of info gathering. Shoot off your info into what is called a "rater". Get instant quotes back for auto. Takes a day or so for home, since there is more that goes into it, especially along the coast.
As opposed to being a captive agent (State Farm, Allstate, farmers, etc), brokers can shop around.
You just provide basic info (dob, address, name, sometimes dl #, never ssn) and from that, most companies can pull up your vin and your insurance info so they can match the coverage. Also include any wrecks or tickets in the past 3-5 years, depending on the company.
Brokers get paid a commission, between 10-15% of premium.
This post was edited on 12/13/16 at 10:44 am
Posted on 12/13/16 at 11:06 am to Layabout
USAA is great in auto policies. My 6 month premium for 2 cars is $1009/6.
This post was edited on 12/13/16 at 11:09 am
Posted on 12/13/16 at 11:18 am to Adam4848
quote:
My 6 month premium for 2 cars is $1009/6.
LA is, by far, the most expensive state in the union to write personal lines insurance.
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