Working in a bank has many benefits. Not only do I collect a paycheck every two weeks, but I also get benefits and the ability to network with our clients. So when one of the insurance agents came into the bank one day and asked me about my homeowners and car insurance, I was open to discussing it with him because he did business with us. He seems trustworthy, and I like him. I gave him our drivers license numbers, the make and model of our cars, and he went back to the office to get me a quote. The next day, he gave me a call.
For six months, our 2005 Ford Freestyle is $240.35, and our 2002 Ford Mustang is $287.24. Total that is going to cost us $527.59. We were paying $727.39, so of course I was ecstatic! Of course I’d like to save $200 for six months! I made sure that the coverage was the same limits (it’s actually better!), plus the deductible was the same. The quote he gave us included a $500 deductible versus the $1000 we had before, so it was even better!
We told him we’d go ahead with it, and that he could go ahead and do our homeowners too. He gave us a quote, and it was $40 less a year, so we went with it. I feel better knowing the agent and that if we ever need anything, he is local and we can get a hold of him pretty easily. Score!
Today in the mail I got a check back for $270 because we had paid for six months ahead of time with our old car insurance company. I’m going to take that check and send it straight to the car loan. We won’t need it to go back in the car insurance account at ING because the money we had in there was enough to pay for the six months in full!
All in all, I am very pleased that we are saving so much money. It feels good that something worked out so well! I am almost kicking myself that I didn’t look into it sooner. That feels like money we’ve been throwing away.
Have you gotten a quote on your insurance lately?