New Renter's Insurance and Car Insurance
I posted last month about getting renter's insurance. I lived in my previous apartment for 2 years without having it (!) and knew that had to change! It's been on my to-do list for way too long.
When I tried to get renter's insurance through my current car insurance company (AAA) to see if I could bundle and get a discount... I was told that I "live with too many additional roommates." Uhh, what? Even if I just want to insure myself, 3 people in an apt is too many? That's not right.
So, I got some quotes online from GEICO, State Farm and All-State. In the end, State Farm was the cheapest so yesterday I went to a nearby office and set up a policy! It ended being $180 for a year to insure $20K worth of stuff. Expensive but worth it and I'm so glad I finally have renter's insurance because you just never know.
While I was there, the (really nice) agent I was talking to asked me about my car insurance. I thought I was paying a decent amount through AAA, which is the company my parents have used for YEARS and where I went to get my insurance through last year when my car was officially titled over to me from my Dad. Well, after going back to the office today with my AAA policy coverage and amounts, State Farm matched the same coverages for $300 less per year! Plus, they don't charge interest if you pay monthly (just a flat debit fee each month, $1 or $2) and you pay in 6 month installments instead of annually. Oh, and then they immediately gave me a multi-policy discount due to my renter's insurance so I'll be receiving a check for $39 soon because it dropped from $180 to $141. Awesome!
It was a bit of an effort, but in the end it's saving me $300 per year... plus there are no more forms to fill out (everything's online) and there was hardly any paperwork. Hooray for State Farm and saving money! :)
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6 comments:
Score! That's an amazing savings.
Awesome. What a fun little surprise! I should try that, but I feel like I'm paying rock bottom right now, especially since I had a car accident last year.
Good call. I get my renter's insurance free, basically, because my car insurance would cost the same total amount if I only had that (due to the discount for having the renter's insurance also).
That's great that you found good insurance! When I had car insurance thru my parents, it was also with AAA, but my husband and his family had been clients of State Farm for years. When we got married, I joined him at State Farm. We have car, homeowner's, and life insurance thru them.
Fellow SoCal neighbor :)
$180 for the year for car insurance is a pretty darn good deal. It's a must-have and definitely leads to peace of mind when you have it.
Cool! Saving that big amount of money from insurance policy sure is something to celebrate. By the way, you might also want to check the terms of your insurance policy. Just to be sure, you know. It should not only be the affordability that we should consider, but we should also take into account how comprehensive the coverage of the policy is. Just sayin'. :)
Fe Penley
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