My car insurance premium usually costs around $900 every six months. This is with NO accidents or claims or tickets on my record and also includes discounts for being a homeowner and having a safe car, etc.
I've been told it's that high simply because of the area in which I live - there are a lot of car break ins and thefts, plus there are loads of uninsured drivers in Texas, etc.
So when I got my renewal notice I wasn't suprised to see it was $910. I skimmed through the notices to make sure they still had me down for zero accidents and I happened to notice a paragraph at the end of one of the notices.
The notice itself was explaining how they calculate rates - they explained that they consider accidents and tickets and also that they check my credit every 3 years and so on. The last paragraph was called "Information Regarding Length of Continuous Coverage" and it informed me that the company takes into consideration drivers who have had continuous coverage for 3 years or longer.
Normally I would have let this go, but an odd sentence made me pause - it said to call a customer service rep to make sure my account had been updated once I had 3 years of coverage.
I was right on the line - I have had coverage since I bought my car in early 2006 (before that I didnt' have a car for a few months so technically my coverage was "lapsed"). So I figured I might not be getting this discount yet - especially since they implied that you have to call to make sure it's applied.
So I called. And 5 minutes later my premium due had been adjusted - from $910 to $642!!!! I am thrilled. I was hoping for a $70 reduction, and really I was just expecting to be told that this had already been taken into account. I just saved $268 with one phone call!
That's $45 a month from now on! Woo Hoo!!
May 21, 2009
Car Insurance Premium Drops Like a Rock!
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6 comments:
What about some retroactive credit, too? Do you know exactly when you hit three years?
WOW - can I ask who you use?
I will have to watch for that on my own renewal papers in October!
WOW, GO YOU!!!!
I agree insurance is expensive in Texas because of all the uninsured drivers, but it's worse in random places like, say, Michigan.
My insurance is $150/month, but that's for two expensive cars and a lot of extra coverage.
@ madberg - it was only just this past Spring - not sure exactly what year but I'm sure they applied it correctly. I've had great experiences with my insurer before and it seems like every time I call I get another discount applied! They always do it retroactively if possible.
@ Rini - I use Progressive, and I LOVE them. As I mentioned before I have had a great experience every time I've ever called.
wow...so cheap. Its so expensive here in Canada...lol everything is.
Important factor in calculating your car insurance rates is the quality of your driving record. Driving safely saves lives, but it saves money too. Not only are driving convictions embarrassing and expensive, their implications are more far reaching: insurance companies will consider them carefully when deciding how cheap – or how expensive – your auto insurance rates will be.
http://www.createfreeblogs.com/smashing/252683/Tips+for+Reducing+Your+car+insurance+Premium+.html
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