Author Topic: Shopping for Auto Insurance  (Read 1009 times)

bpolson2

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Shopping for Auto Insurance
« on: July 05, 2018, 11:41:24 AM »
Hey all.

I am trying to shop around for auto insurance and wanted to check in with the community. I searched the forums but couldn't find anything relevant.

I have been with American Family forever with my auto insurance since I started driving at 16. I'm 44 now! We have a 2008 Corolla and 2010 Dodge Avenger. Both cars are fully paid off, but without a big emergency yet, I still am carrying full coverage on them. I am paying $181.01/month for this coverage! I went in and sat down with my agent and without dropping to just liability, he could not lower my rates... I looked at bundling my home insurance with them, but my home is worth approximately $156k and I have $150k insurance on it, but my agent said that they would only do rebuilding cost for $210k to rebuild. This made my home insurance higher than it currently is!

I've been on the internet now for about 45 minutes trying to get online quotes. I was able to get one from Farmer's Insurance, but ALL these other companies want my contact information and want to call. I DO NOT want to sit and talk on the phone with these agents. Is there any place I can go online to get ONLINE quotes?!? They all promise online quotes, but when you get to the end they say an agent will be in contact with you shortly. I just want an ONLINE quote.

Sorry for the rant, but a little angry right now....

v8rx7guy

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Re: Shopping for Auto Insurance
« Reply #1 on: July 05, 2018, 11:44:52 AM »
esurance does online quotes

bpolson2

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Re: Shopping for Auto Insurance
« Reply #2 on: July 05, 2018, 11:52:42 AM »
Thanks, I will check on their site.

I just feel like for the age of our vehicles that $181/month is outrageous. And neither of us have any violations or accident claims in the last 5 years.

v8rx7guy

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Re: Shopping for Auto Insurance
« Reply #3 on: July 05, 2018, 11:53:36 AM »
Thanks, I will check on their site.

I just feel like for the age of our vehicles that $181/month is outrageous. And neither of us have any violations or accident claims in the last 5 years.

You will get a much better quote from Esurance, can just about guarantee that.

patchyfacialhair

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Re: Shopping for Auto Insurance
« Reply #4 on: July 05, 2018, 11:56:12 AM »
I put in fake contact information when doing quotes, but leave everything else correct. You can always change it later.

Unless you're in Detroit, Camden NJ, or some other high crime urban area, $181 even for full coverage for two older vehicles is probably too much. In those places though, it's probably a good deal.

TheWifeHalf

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Re: Shopping for Auto Insurance
« Reply #5 on: July 05, 2018, 04:51:12 PM »
When shopping for auto insurance, price is not the only thing that should be considered. How is the company to work with then there is a claim?

Check with people you know and ask them about their insurance. If any of them have had a claim, ask how they were treated.

My brother runs an auto body shop for at least 25-30 years, and has a list of which companies are easier to work with, and fair to the customer. Years ago, maybe 30, I called 25 auto repair shops and asked them which insurance companies were the easiest to work with.  Consistently, 2 companies were mentioned.

We have our home, auto, umbrella policies with one of them, had a few claims, and are satisfied with how things were handled.

Davids

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Re: Shopping for Auto Insurance
« Reply #6 on: July 06, 2018, 07:39:30 PM »
My frigging renewal rate went up 20%. Will give them a curve to lower it first before I shop around.

kpd905

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Re: Shopping for Auto Insurance
« Reply #7 on: July 07, 2018, 02:28:18 AM »
I'd check with Geico at least.  We have a 2013 and 2014 car with full coverage and we pay $50/month.

bpolson2

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Re: Shopping for Auto Insurance
« Reply #8 on: July 10, 2018, 01:27:50 PM »
It looks like by switching companies, I can drop my premium $80/month with better coverage. If I drop to straight liability only, I'll save about $140/month. This is all with adding an umbrella policy for $1 million at $10/month. Very exciting! I should have done this long ago!

patchyfacialhair

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Re: Shopping for Auto Insurance
« Reply #9 on: July 10, 2018, 01:42:51 PM »
Awesome! I shop once per year around tax time to see if it is worth switching. Loyalty does not pay in 99% of cases, unfortunately.

I'm about $500/year cheaper this year that I would have been, and that is with increasing certain coverage limits.

Raymond Reddington

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Re: Shopping for Auto Insurance
« Reply #10 on: July 10, 2018, 01:43:35 PM »
My frigging renewal rate went up 20%. Will give them a curve to lower it first before I shop around.

Same, they are blaming some law in the policy docs. I'm going to call them, remind them that I switched my wife over to their insurance, and give them an opportunity to lower it. Otherwise, time to shop.

patchyfacialhair

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Re: Shopping for Auto Insurance
« Reply #11 on: July 10, 2018, 01:53:31 PM »
My frigging renewal rate went up 20%. Will give them a curve to lower it first before I shop around.

Same, they are blaming some law in the policy docs. I'm going to call them, remind them that I switched my wife over to their insurance, and give them an opportunity to lower it. Otherwise, time to shop.

Don't take it personal. It's all about what's plugged into their computers, and sometimes they just raise rates because the expect higher claims in the future. Happens to everyone. It's why I shop and have switched to my 4th company in 10 years. Along that time, I'm now paying less than what I was to that first company, with an extra driver and extra car, and a magnitude better coverage.

Best thing you can do is vote with your wallet.

dogboyslim

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Re: Shopping for Auto Insurance
« Reply #12 on: July 10, 2018, 02:03:35 PM »
A few relevant items from someone working in the industry.

1.  Auto insurance is regulated.  The insurer has to file rates with the state, and they cannot deviate from those rates.  If they offer to lower your rate, one of the following is happening:  They gave you a discount you didn't previously have, removed coverage or reduced limits or increased deductibles, or they have corrected some information that was previously not correct.

Before switching, things you can do is ask the company to go over all available discounts and determine if you are eligible for something you haven't been getting, discuss options for reducing coverage, and confirm that your consumer report information is correct (this includes your CLUE report, MVR and credit report.)

2.  Most companies will request at least name, BD, SSN, address, email &/or phone.  Giving you a quote costs them money, from $.50 to $20 depending on your state and the accuracy desired in the quote.  Most cost around $2 per person on the policy.  They don't want to spend the money unless they are reasonably certain there is a chance of a sale.  If you don't provide contact info, your odds of conversion are tiny.  Why would they blow $2?

3. For pure online quotes, esurance, geico, progressive, 21st century are reasonable companies.  If you are getting put into the queue for a phone call from these companies its because you don't fit their underwriting criteria so they slow-track you, which they know means you will likely buy elsewhere.  You might also try Root.  They have you download an app and if you are good enough, they will give you a quote after monitoring your driving for a while.

4. I've no love for Amfam, but their claims reputation isn't bad.  State Farm also has a solid reputation for being easy to work with.  Progressive, Geico and Allstate are all known for fighting claims tooth and nail.  That said, I'd have no reservations about being insured by any of these companies, as all are financially sound and do pay claims when coverage is identified.  I just know if I go for the low-cost direct company that my claim will be slower and more frustrating.

5.  Each carrier makes up its own rates, so odds are that you will find a wide range of available prices.  That said, make sure you understand each quote.  Are the coverages deductibles and limits the same?  Are you paying for expensive options like accident forgiveness (or prepaid accident surcharge as the actuaries call it) or new car replacement? 

jpdx

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Re: Shopping for Auto Insurance
« Reply #13 on: July 10, 2018, 09:25:40 PM »
How much do you drive? I drive very little and have been using MetroMile for a couple years. I'm saving money and very happy I switched.

Hargrove

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Re: Shopping for Auto Insurance
« Reply #14 on: July 10, 2018, 10:07:52 PM »
Every few years, I switch between Geico and Progressive to keep the rates down. It's around that many years that they cook your rate up enough to make a 10-25% difference in switching.

They don't bother to sneak around caller ID. I usually only get 2-4 emails about a rate quote after giving out all the info, sometimes one or two phone calls.

FiftyIsTheNewTwenty

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Re: Shopping for Auto Insurance
« Reply #15 on: July 11, 2018, 02:58:29 PM »
I've had USAA for over 20 years.  If they're not the cheapest they're within a few dollars, and their excellent service is well worth that.  No BS!  Check 'em out if you're eligible.

therethere

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Re: Shopping for Auto Insurance
« Reply #16 on: July 11, 2018, 03:37:43 PM »
I'll admit I sound extreme but I do quotes on esurance, geico, and progressive every 6 months and swap to whatever the cheapest with the same limits. Most of the time, I end up going with progressive and swapping who is the primary insured between DH and I. Gets you the $50 online policy discount that they take away on your renewal quotes.

I just redid quotes this week. A new quote with progressive was $358 and the renewal quote with everything the same is $460. On top of that it's actually cheaper to have comp/collision on one of my cars than to not have it covered which makes no sense but whatever. It pays to play around with the online quotes.
« Last Edit: July 11, 2018, 03:42:02 PM by therethere »

sokoloff

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Re: Shopping for Auto Insurance
« Reply #17 on: July 11, 2018, 03:48:42 PM »
I've had USAA for over 20 years.  If they're not the cheapest they're within a few dollars, and their excellent service is well worth that.  No BS!  Check 'em out if you're eligible.
Seconded. USAA service is very good; Iíve had my/our daily drivers insured through them for 30+ years and theyíve been great on the few claims Iíve had.

Classic cars are better insured through agreed value policies via Haggerty, but I suspect the drivers will be with USAA for the duration.

Sibley

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Re: Shopping for Auto Insurance
« Reply #18 on: July 13, 2018, 07:19:51 AM »
I'm going to take a slightly different angle - dedicate a few hours or whatever and just get on the phone. Is it fun? No. That doesn't mean you shouldn't do it.

Also check with independent agents. Doesn't hurt.

sisto

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Re: Shopping for Auto Insurance
« Reply #19 on: July 13, 2018, 12:33:09 PM »
I've had USAA for over 20 years.  If they're not the cheapest they're within a few dollars, and their excellent service is well worth that.  No BS!  Check 'em out if you're eligible.
Except for Auto Insurance in CA I agree. For some reason Allstate is way cheaper for my auto needs even without my homeowners discount. I moved my homeowners to USAA though. I shop around yearly.