|My auto insurance paperwork this morning|
Yesterday I received notice of my auto insurance renewal. The price went up again!
Up until I got my new 2010 Subaru Forester in September of 2010, I was paying around $68.00 a month for full coverage for my previous car, also a Subaru Forester 1998.
I expected my monthly premium to go up and it did, to about $88.00 a month. My insurance is renewed every six months. Each time my premium crept up. My latest premium was $97.00 (I left off the pennies) a month. So yesterday I was justifiably shocked when I received my new premium notice for $103.97 a month! Now I was paying over $1,200 a year for auto insurance coverage.
Excuse me? I have an excellent credit rating. I haven't had any accidents or moving violations. I've never made a claim on my auto insurance. And my rate goes up each six month interval? Really?
Yesterday at work I check with my boss to see what he was paying for auto insurance. He told me "around $800 a year." His insurance also included his life insurance! Like me he said he got a reduced rate because he bundled his homeowner's insurance with his other insurance policies. I do the same but still have high premiums.
Time to shop around for new insurance. That's what I did this morning.
I am a member of AARP (of course I am, I'm an Oldie Goldie) and AAA. I called the AARP Insurance program from The Hartford. I receive mailings all the time urging me to change insurance but I've always thrown them away, figuring they're all about the same. Oh how wrong I was.
I called the number for the AARP Insurance program from The Hartford this morning. What a surprise!
Here's the deal:
They can get me a YEAR of insurance for $566.00. That is a 54% savings over my State Farm auto insurance policy! 54%!!!! YES!
I also got a quote for my homeowner's insurance (for which I've never made claim) and they quoted me $574 versus $849 that State Farm was charging me. That is a 32% savings!
Of course I signed up immediately. They take care of all the paperwork. I don't even have to call State Farm to inform them that they were overcharging me. All I have to do is sign the papers that The Hartford sends to me.
My total savings are $660.06 on auto insurance and $275.00 on homeowner's insurance for a total combined savings of $811.00. Hey folks, I can use it.
Being retired as I am now, I am living on a fixed income. I have my part-time job to try and stay ahead of inflation and to indulge occasionally in a few little "extras". One of the main reasons I moved to Delaware was to get away from the ever increasing school taxes of Pennsylvania. Now I had a new problem with my auto and homeowner's insurance. I just took care of that little problem this morning.
Thank God for competition. At least I can buy some time now with these new insurance policies.
This is a good start to my day.