Quote:
Originally Posted by EdFNJ
My auto policy is due next month and I started doing some comparisons of companies rates for a new policy. To compare "apples to apples" my coverages included on all quotes:
1 Vehicle (2020 Kia Soul Ex)
2 Drivers (wife and I ages 71 & 72)
7-10,000 miles driven per year if asked on application form
No accidents, claims, tickets in 6+ years
Bodily Injury 250,000/500,000
Property Damage 100,000
Uninsured Motorist 250,000/500,000
PIP 10,000 no wage loss included
Comp 100 DED
Collision 1000 DED
+ A few other minor services that only made $20 or so total difference.
These are the quotes I got from 8 companies confirmed by phone from lowest to highest based on 1 YEAR with paid in full discount:
Geico $700 (the obvious winner)
Progressive $1100
The Hartford (AARP) $1150
State Farm $1200
Travelers $1300
Southern Owners (my current company) $1700
eSurance $2000
Allstate (same company & price as eSurance) $2000
Liberty $2000
Farmers (couldn't "customize" policy online so no "fair comparison" - waiting for callback from rep
NOTE: All the above offered ADDITIONAL 10-15% discount off some of the coverages for their plug-in "safe drivers" device (or phone app) to track where you go and how fast you get there so I declined all of them for privacy reasons. Also does not include 2 policy discount (having homeowners etc with them).
For those who will say "I pay $400 from xxxxxx company" you need to compare exactly what coverages you have, what type/age vehicle you are driving for a fair comparison of what you pay and if your amount paid is based on a 6 month policy or 1 year. If my quote was based on 6 months I just doubled it.
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Just a comment. I think your uninsured motorist coverage is way too high. Do you know how much you are paying for it and what it covers? It is required in some states, but it is not required in Florida. Basically, it duplicates the health insurance that you already have, and doesn't provide you with any liability coverage at all. Also, if you are injured in an accident, your auto insurance company will become your primary health insurance provider, not Medicare. I believe in having good liability coverage, but I don't have any uninsured motorist insurance at all.