|
Auto insurance comparison of 8 companies
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 (make that 10 now) companies confirmed by phone from lowest to highest based on 1 YEAR with paid in full discount: Geico $700 (the obvious winner) AAA $940 Just added 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 Amica $2800 !!!!! xFarmers (couldn't "customize" policy limits online so no "fair comparison" - waiting for callback from rep) xSafeco (would not quote online, requires calling an agent) 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 (to get the yearly rate listed above). |
Thanks for sharing your data with us. The difference in quotes was surprising, especially GEICO's. Thought it would be much higher.
|
Thanks. Would be nice if we all provide our pricing research on various purchases. Though all situations are different, it provides a starting point.
|
GEICO usually writes 6 month policies. Is that $700 for 6 or 12 months?
|
MORE IMPORTANT (well almost) than the coverage are the exclusions. This is a critical section which goes unread.
|
Excellent!
Now retired but having been in the property and casualty auto insurance marketplace, as a multiple agency owner for 25+ years, I shop the auto insurers upon every renewal. For the past few years, I too have been with Geico. Thanks. |
Quote:
|
I switched over to AAA (combo home and auto) a couple of years ago and saved a lot
I too suspect that GEICO quoted for 6 months... thanks for sharing though |
Quote:
|
If you or almost any family member have ever served in the military you should include USAA in your search to see if you are eligible. While I haven't done so in a few years, when I called GEICO in the past for a quote and they learned I was currently with USAA they stated they could not beat USAA's prices.
|
Quote:
|
Quote:
|
The Allstate Mayhem gives a lot of good examples, but the best thing is ask for the list of exclusions. They must spell them out very clearly. "They are on the hook, unless they exclude them."
|
Quote:
|
Quote:
|
Quote:
|
I had a 2017 Camaro 50th Anniversary Edition with USAA and it was $425 every six months. I had been with them since 2010 and no accidents. In 2018 I traded the Camaro for a 2018 Hyunda Kona, so I traded a $40,000 sports car for a new $24,000 small SUV. They raised my insurance to $500 every six months. When I called to asked why, they couldn't explain it.
I called AAA and they quoted me $405 for six months, so I switched to them. They actually sent me a check back for about $40 a few months ago, some of kind rebate, and I just got another email 5 minutes ago, they rebating me $27 for the Stay at Home discount. I'm pretty happy with AAA. You have to join the AAA Road Club, it's $66 a year, but you get benefits for being a member. |
Quote:
|
Quote:
|
Quote:
|
Quote:
I don't have my home with AAA, they were only $20 a year cheaper. I did get rid of American Integrity at the same time. My CYV went from $505 a year in 2011 to $985 last year. When I looked it was 5 times they raised my premiums in 8 years. So last year, I called Villages Insurance they put me with Cabrillo Coastal Insurance out of Miami. I got actually better coverage, because the sink hole is only 10% deductible whereas American Integrity was 15%. It was only $575, a saving of over $400. I just got my new bill today, it will be $619, it went up about $45, but still a long way from $985, plus I've heard lately that American Integrity has been hedging on paying off loses on roofs and other items, so I'm glad I ditched them. |
Just added AAA. Had forgotten about them. They came in second at $940 if 1yr pd in full or $1010/yr ($505 x 2)
|
When you have had New Jersey Manufacturers Insurance who now also serves Pennsylvania I would say a person could be classified as ruined for life as far as Insurance concerned. Low Premiums, Pennies From Heaven, Rebates twice a year from your Homeowners and Auto Insurance. They plan to expand their operation slowly going south on the east coast so we'll never see them in my lifetime.
Our car with a $1200 claim in October of 2018 has been raised from $1050 per year to about $1650 a year for similar coverage that the Op noted and our car is in the same price range when purchased. I'm not happy. I'm not jumping from company to company every year to save a couple of nickels either. I also have a bad feeling about Progressive. I have no link or article to show you but they are not for me. So far for me, State farm is leading the Parade for our business, and Geico is going to get another chance this minute. Nice Thread! Considered putting N.J. plates on the car but that would be fraud and I don't wanna be involved in any such activity. N.J.M would give coverage for a year for the same price as 6 months' costs in Florida. I'd still rather live here and pay the freight on the Insurance and save on the Property taxes. Can't win in every category. |
Quote:
Yes, I so miss NJM. They even paid a $20,000 homeowners claim 3 months after I switched to their homeowners policy when we had a back roof collapse after those 3 snow storms in a row and didn't raise me one penny and kept on sending "dividends." Amazing company. My taxes here for a year are almost what my NJ taxes were for a month. LOL (very slight hyperbole) You said you had a recent $1200 claim. That will probably raise your quotes down here by a few hundred bucks easy. Here they look back 5 years. I guess with the "older" median age in FL that is their reasoning. |
Only caution is try and fully understand how their claim systems works......have a friend in PA that switched to Geico, had an accident, Geico would only approve used parts (car was 5 years old). It took 4 months to get it sorted out and the only way he got anything was to post it on social media. Then another 2 months to get it repaired. As Ben Franklin stated “The bitterness of poor quality remains long after the sweetness of low price is forgotten.”
|
You are wrong
Quote:
|
Quote:
|
Quote:
|
Quote:
|
We use Geico and have been with them for over 20 years,
Basic$ 250/500 K No uninsured motorist $500 ded collision/comp Big plus with Geico is we have a mega umbrella tied with our policy cars: 2016 E class 2018 SL |
I wouldn't give a hoot about using Non-OEM part to repair my car as long as they were not from certain sources which I will actively be watching when I remember on all items we use. Especially a car repair.
Try handing a Leased vehicle back in at the end in pristine condition with a Non-OEM Windshield installed and a sharp inspector taking the car back. It would be an expensive mistake. When I insisted on OEM Glass on a 2015 Transit Connect the insurance Adjuster thought I was nuts. I prevailed and it's a good thing I did cause the women who took the car in was born to snag people on inspections. I like what retiredguy and Chatbrat posted about no uninsured motorist. Definitely worth investigation. Wouldn't it just be like an Insurance Company to take advantage of their clientele? One last company to check Chubb Ins. I like the name and drove by one of their offices every day for years, do you think that will get me a discount? Kasper, I'm desperately trying to get away from the Villages Insurance. Their lip service doesn't match their actions. I'll cut my own deals. Thank You! So disappointed in them. |
I have AAA home and auto $2121 for 12 month policy. They have been so good with claims on home and auto over 12 years I will never change
|
Thank you for posting this, I have been looking to change company for a bit, have State Farm since 1980, but will certainly review the companies you posted, specially Geico!!
|
Quote:
Quit looking for something to argue about. The commercials were examples. I did not say use Allstate. Just giving you something to consider. You asked people for information, people give it........and you argue. Unreal. |
Just wantt to say premiums can and do change for no other reason fan marketing and quote-unquote the market meaning they want to make more money that next year. I had Geico for 6 years I jumped from 600 to 900 in my next 6-month policy. I called Geico and they were down $800 total from the new Geico quote. It did go up after 6 months a couple of hundred bucks has I guess they had a teaser rate for me to switch. I always suggest you check her insurance your cable and any other contracts you have before you renew with other competitive sources. Even life insurance rates go up and down
|
You will also be surprised to learn that your cable bill can change easily from vendor to vendor and especially CD rates at the bank as well as your regular savings accounts can be vastly different from bank to bank. Unfortunately we can't switch electric or water companies so easily. It's really funny and so many people when they go shopping for food every week we'll check the price an tuna fish and switch brands for $0.03 but won't check some really big things I can save them hundreds of dollars.
Especially credit card rates. did you know even with a auto loan you can refinance and save a few points that can easily be 1 or $200 a year on a 5-year loan |
Quote:
|
Quote:
|
Quote:
|
Nice job!
Very useful research. I was with Liberty Mutual. Great service, but pricy. I then comparison shopped and came up with Safeco as the winner. I then compared that to Geico and Safeco remained in the lead. If you're so inclined, consider adding Safeco to the list and post. Thanks |
| All times are GMT -5. The time now is 12:17 PM. |
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Search Engine Optimisation provided by
DragonByte SEO v2.0.32 (Pro) -
vBulletin Mods & Addons Copyright © 2025 DragonByte Technologies Ltd.