Post # 1
We bought our first home just about a year ago, so the renewals are coming in for our house insurance and I was quite shocked that the bill had gone up by $100 this year! I called and questioned it and was told that was correct because there had been a lot of claims this year due to some natural disasters. (I didn’t think that should impact me as a bill payer, I havent claimed!)
So I wasn’t overly pleased with that response, and started getting some online quotes from other companies. I then thought I wouldn double check my current company’s online quoting system and found that the online quote was $50 cheaper! I called them back and questioned it, and that is when they discovered that we were actually entitled to another 10% in loyalty discounts. We are now saving just over $100 – making the bill cheaper than last year!
My point here – never accept a companies word on large bill increases… and checking their online quoting against your premium may work in your favour!
Post # 3
Yes I would totally second this. We had signed up for a promotional price for cable. When that was over and our bill from $80 to $130 I called with the intention of having to cancel. She said she could reduce it back down to $80 for another six months. She said to always call because there is ALWAYS something they can do to lower your bill. They would rather have you pay a small amount than cancel and go with another company.
Post # 4
Another thing I would suggest is getting an independent insurance agent. My family has one that we all use for everything. He isn’t tied to any specific company, but when I get something (like a house or my engagement ring) he searches all companies to find me the best deals. He also keeps up on the rates and tells me when it would be smart to change. And, because my whole family uses him and has for a decade I know he’s going to do his best for us because he gets so much business from us.
Post # 5
@CorgiTales: Thats interesting. I wonder how you go about finding a good one?
Post # 6
Who do you have insurance with? We have ours with Allstate. Ill keep that in mind when our year is up!
Post # 7
Oh thats a good idea Corgitales… I’ve never heard of that here in Aus, but I wonder if it is like a mortgage broker? Although our broker did find us a great deal on life insurance… it’s only $20 a month and if the unthinkable happened then the house would automatically be paid off.
Post # 8
I do the same as Corgitales. My dad was with this guy since I was a kid, so I figure he doesn’t want to lose all our business. (I always try to let places know that my whole (large) family goes there so they treat me right- that’s how I got a FANTASTIC deal on my car.)
Post # 9
Thanks for this information :-).
Post # 10
Good questioning, and it’s also good to have all your insurance at one company. You can save quite a bit by having auto/home/etc all with the same company.
Post # 11
Yes, it works. You save anywhere between 10-15% on each if you get your home and car insurance from the same insurance company.