If you have been with the same auto insurance company for any length of time, you may be paying too much. Because I have a pending move to a different state coming up very shortly, I decided to use this change as a time to get new quotes on my auto insurance. Over the course of my 22 years of driving, I have been with several different auto insurance companies – MetLife, State Farm, 21st Century Insurance, Wawanesa, and Progressive. Progressive is the company I currently have, as they were the cheapest for my needs here in Colorado. I would have stayed with Wawanesa when I left California a few years back, but they only serve customers in Canada, California and Oregon. They were simply unbeatable in their prices and customer service, so since I am moving back to California I will definitely be getting a quote from them. State Farm and Geico advertise “You can save 40% or more” every three minutes on the TV, but I don’t know what you are saving 40% or more off of… off their rates? Off other rates? Off my grocery bill? Who knows. But in any case, because I am moving and will be registering my car in another state, it was time to check into getting auto insurance quotes for my Mini Cooper S – and this is what I found.
Progressive is my current insurer, and I pay $382.50 for 6 months of coverage here in Colorado. This is with a $500 comprehensive deductible and a $1,000 collision deductible. After running the numbers for the same coverage in California, my costs will be $696 for 6 months, or $1,392 for a year. That’s a huge jump in auto insurance costs, but I knew that California would cost more. Since Progressive is my current company, I wanted to give them the first shot at my business… but at that price, I really need to check prices with other companies.
I wrote about Wawanesa before here on My Two Dollars when I called them the “perfect car insurance company”, so of course I had to get a quote from them! They have the best customer service I have ever experienced from an insurance company, which means a lot to me, and they don’t insure everyone on the planet, so prices are often significantly lower. I submitted my information and waited for my quote to be emailed to me. Total price? Only $776.00 for a full year. Wow.
State Farm is who I was insured with in New Mexico, but mainly because there were so few options up where I lived in the mountains! Their rates were fair, but I don’t know if that’s because of them or because I lived in one of the poorest states in the country. I have friends with State Farm who complain about their prices all the time, but they stick with them anyway because they can walk into a branch office. For some people this is important, but I would prefer not to pay for that privilege – after all, I don’t even have a bank branch because I bank online with Charles Schwab! I called up a State Farm agent in the zip code I am planning on moving to in CA, and asked for a quote based on the coverage I have on my car now. Their rate came out to $1,412 for the year.
I will be going with Wawanesa once again as soon as I arrive in CA, since their pricing is the best and I really appreciate their customer service. This is why it pays to review your policies every 6 months, as rates do change even if you don’t move to another state. If you haven’t reviewed your auto insurance policy and insurance needs for 6 months or more, I highly recommend you do it soon. You could be overpaying for car insurance or paying for more coverage than you need, and who likes to waste money? I sure don’t!