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Compare Your Car Insurance Policy with Other Auto Rates & Quotes Every 6 Months

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

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.

Wawanesa

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

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!


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Comments (3)

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  1. Sam P says:

    David, you hit the nail on the head with this article. Sadly, a lot of people will stick with their insurance policy and not look into comparing their insurance rates every six months. They could be saving a lot of money just by simply looking at the different options available from insurance companies.

  2. Mario says:

    Some insurers actually make their rates go down after a year or 2. That happened with me at Progressive.

    Also, even if you DON’T move OUT of state, it can go down or up depending on where you move to in state.

    So even then, it pays to shop around. I was paying 85 a month 2 years ago in one town, as soon as I moved, I updated my address and the price quoted went down to 53 for the same insurance. 6 months later, it went down to 47.

    But, that’s also because I’m very aware of what I pay monthly. Some people just let it roll over without knowing whether it’s going up or down. That’s a big no-no.

  3. Diane says:

    Hi David, I’ve used Wawanesa before and they are my top pick when it comes to car insurance.

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