It’s Time Again – Shopping for Car Insurance

My car insurance premium goes up every 6 months despite the fact that I’ve never had any accidents in my life.  They only try bumping it up by a few dollars a month, but it’s very annoying.  So I now have a process to keep my rates in my budget.

Our Car Insurance History

I’m married and we have two cars.  My car, a paid off 2005 Chevy Aveo, is only worth a few thousand dollars, so I just need liability coverage.  My hubby’s car is a paid off 2007 Toyota Prius that we use for pretty much all drives together and he uses to get around for sports officiating.  It’s worth around $9000-$10,000 still, so we do pay for full coverage on that one.

This means that at least in our area of Houston, TX, we will be paying $100-$120 a month for all of our coverage.  The trick is keeping it in that range despite premium creep.

Get Multiple Quotes

It’s a pain in the butt, but every 6-12 months, I do start collecting quotes again.  I call around or compare cheap auto insurance quotes online. Usually I can find a slightly better offer.  Then I either take it to my current insurance company to match or switch companies if they refuse.  It takes anywhere from an hour to several, but I consider it time well spent since I hate paying more than necessary for anything…especially insurance that I haven’t ever used.

Have Your Data Handy

The trick to getting fast quotes is having all of my data handy right up front.  I want all of my quotes to be based on the same information, so I keep my current policy in front of me while I call around or type in my info online.  I also ask reps if there are any discounts available to us that we may not know about.  Our lack of accidents usually helps a lot and we take a defensive driving course every 3 years to get that discount too.  Teachers, police, and military can also receive special discounts as well.  It pays to ask.

Keeping our car insurance rates within my happy range is yet one more annoying errand, but try to be stubborn.  It can save you money.

Do you shop around for car insurance quotes when your rates go up too?

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10 Comments
  1. I definitely shop around when our rates increase. When we bought the Jeep last year, they wanted over $200 a month for the Jeep. We shopped around and were able to get it for around $70.

    • Wow, awesome! Yay for looking around!

    • I’d love to live where you are simply for the insurance. I pay just a little over $200 and that’s after beating up a few brokers along the way. Insurance is crazy expensive in Toronto.

  2. I routinely shop insurance. I found Amica by searching for good customer service. I switched my property insurance to them. You want to check them out.

    • I will, thanks for the suggestion!

  3. I didn’t know you were in Houston! We’re practically neighbors.

    An auto insurance friend confirms your thoughts. Different companies focus on different age drivers, so you might find that a company that didn’t offer a great deal last year suddenly gives you the deal of a lifetime today.

  4. Shopped around but couldn’t find anyone lower than what we already had, but once I moved from LA to Orange County, our premium dropped by over $100 per MONTH!

  5. Just shopped and saved big time. This happened by accident since my home insurance was raised a great deal because of a Hurricane Sandy claim. So they raised my rate because I made a claim; something seems wrong about this. So I searched around and got a better home owners and car insurance rates. It was worth the extra time and effort which is a real pain.

  6. One of the reasons your car insurance rate are going up is because of other drivers even if you are a safe driver with no violations. This is a common problem and the reason why you can switch to get a lower rate. Plus, insurance agents and brokers like to get commissions on renewals, e.g. more money, so the rates can get hiked even with no change in your driving habits.
    Greg Fowler recently posted..Can You Really Find Cheap Car Insurance With A DUI?My Profile

  7. I live in Arizona and just spent time looking for new car insurance. I just have to say make sure you compare apples to apples when you compare quotes. The coverages may be different. It might save $50 dollars now, but cost you $100 if you have an accident.

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