Brand loyalty when it comes to auto insurance is simply getting too expensive. Sure, you get the “2-year discount,” the “loyal customer discount” or whatever your particular company happens to be pushing.
The reality is that I’ve had car insurance for almost 8 years now, and I’m on my 4th company. For whatever reason, the first 2-3 years of pricing are always competitive, and then I’m able to find much better pricing elsewhere.
That’s exactly what happened with Progressive this week. After using Snapshot last year to drive down the cost of my policy, my renewal documents came in the mail a few weeks ago.
Progressive raised my premiums from $693 per 6 months to $782 per 6 months for no apparent reason. That doesn’t sound like a lot, but I don’t behave like the typical frog in boiling water–when the price for something goes up, I complain and reevaluate my options in every way possible.
And so I did, and was pleasantly surprised. Just like the previous switches, I was able to find two competitive policies — one from Geico (free quote link) and another from Esurance (also a free quote link). Both were similar, but I was actually getting a bit more policy from Esurance and decided to go with them.
My new 6-month premium is just under $600, a $200 improvement over Progressive that will save me more than $30 a month. The terms of my policy are also much better.
I now have $100 and $250 deductibles for my comprehensive and collision coverage, where before they were $500 and $1,000, respectively.
Esurance offers a nice set of discounts that drove down the cost of my policy by about 30% over regular price. The ones that were specifically applied to my account include:
- Multi-car discount for having two cars insured at the same time – saved me $79
- Paypal discount for paying my premium using Paypal – saved me $70
- Claim-free discount for having good insurance history – another $60
- Fast5 Discount for starting my quote online – 5% or about $33
- Switch & Save discount for switching to eSurance – another 5%, $33
- “Additional discounts” without a clear reason added another $18
Overall, the savings added up to almost $300.
Getting a Quote is Easy
Getting insurance quotes these days is easy, because companies have figured out how to tap into a database that keeps track of the cars in your household. That means getting 2-3 quotes from different companies is a matter of 10-15 minutes where it used to take hours or more.
Most of the time spent getting quotes is to tweak them to get just the right coverage you want, not entering the same biographical information over and over.
I recommend trying Esurance.com today as well as a few others to get the best price.
Note: This post contains affiliate links for some of the companies I mentioned and recommend.