Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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#1
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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).
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. . "If one has no sense of humor, one is in trouble." Betty White (1922-2021) R.I.P. Last edited by EdFNJ; 05-29-2020 at 04:14 PM. Reason: 5/27 Added AAA 5/28 added SAFECO |
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#2
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Thanks for sharing your data with us. The difference in quotes was surprising, especially GEICO's. Thought it would be much higher.
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#3
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Thanks. Would be nice if we all provide our pricing research on various purchases. Though all situations are different, it provides a starting point.
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#4
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GEICO usually writes 6 month policies. Is that $700 for 6 or 12 months?
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#5
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MORE IMPORTANT (well almost) than the coverage are the exclusions. This is a critical section which goes unread.
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Identifying as Mr. Helpful |
#6
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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. |
#7
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Quote:
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#8
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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 |
#9
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Yes, and I would verify all of the quotes regarding the term of the policy. There are a few companies who sell 12 month policies, but most of them only sell 6 month auto policies.
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#10
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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.
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#11
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$350 x 2 as noted in my post. A couple are 6 month so I just doubled them. Yes, I am aware that after 6 months they can raise them.
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. . "If one has no sense of humor, one is in trouble." Betty White (1922-2021) R.I.P. |
#12
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Like what exclusions so I can check? Not quite sure what they can exclude under collision, comp, bodily injury, PIP, UIM. Obviously this isn't intended to sell anyone insurance, just what I found in a few days of pricing using (relatively) equal coverage amounts that I thought MIGHT be interesting info. I've seen lots of posts over the years saying things like "I pay $200 a year from XYZ" without listing the OBVIOUS AND MOST IMPORTANT data points to make the comparison as "apples to apples" as one can get. OF COURSE there may be some differences which is why I chose MAJOR companies rather some fly-by-night low ball insurers. Not sure there could be too many exclusions that would change pricing by hundreds of dollars. Sorry that I was unable to post each full contract so an attorney can inspect all the details.
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. . "If one has no sense of humor, one is in trouble." Betty White (1922-2021) R.I.P. |
#13
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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."
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Identifying as Mr. Helpful |
#14
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Quote:
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. . "If one has no sense of humor, one is in trouble." Betty White (1922-2021) R.I.P. |
#15
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Geico was $350 for 6 months X 2 = $700 year (as I noted in my original post "If my quote was based on 6 months I just doubled it")
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. . "If one has no sense of humor, one is in trouble." Betty White (1922-2021) R.I.P. |
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