I Saved Over $800 Switching to Geico…Seriously!

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Sorry everyone I could not resist the cheesy title…LOL.

I worked in insurance for many years and I am constantly amazed by the amount of people who do not shop their car insurance. They just keep the same policy year after year. By “shopping” your insurance you can save quite a bit of money!

We were with Progressive for 8 years. We did shop every year but never saw a big enough difference to switch, until I tried Geico. I was flabbergasted when I saw the quote. Florida is one of the most expensive states for car insurance. We have high limits (no tickets or accidents) and we were paying $1200 every six months, which is ridiculous!

It turns out that Geico has a state employee program (hubby works for the state) and through that program we were able to get our premium down to $798 – that is a $800 savings per year!!!!

There are hundreds of companies offering insurance now and each state has different programs. Make sure to check all the affiliations you have (AAA, clubs, etc) as you might be able to get in certain programs because of those affiliations. Progressive is great because they give you several company quotes at the same time.  Also consider raising limits (ask your agent) because you can save quite a bit.

I am not trying to push one company or the other, I am simply trying to make you “think” about your car insurance. If you are trying to save money this is one place where you really can save a lot!

Here are a few places you can start…
Progressive
Geico
AIG Direct
Allstate
21st Century

There are a TON of companies, so make sure to check out several. Another option is that if you have an insurance agent call them and tell them you want several quotes on your car insurance. If you don’t tell them to shop it, they won’t. Don’t forget this will work for your homeowners insurance as well!

While I worked in insurance it has been many years and I am no longer licensed so I am not giving you advice just trying to make you think about your insurance!

13 Comments

  1. DIANE on June 12, 2011 at 2:05 pm

    This is fascinating to me, because I am trying to save $ every where possible. Esurance was $400 cheaper (the biggest difference I could find) for 6 months, but then someone from Liberty Mutual said to just beware… that could be a teaser price and jacked up the next renewal.

    SG, let me ask you this: since you worked in insurance: We;ve been with allstate since teh dawn of time. If I were to switch to Esurance, and in 6 months, the rates went up, could I then switch to another insurance? does that somehow make me look bad? TY for your thoughts!



    • Kim on June 13, 2011 at 10:07 pm

      We’ve had Esurance since Jan. 2010 and they’ve been great so far; very convenient and the best customer service I’ve had from any insurance company we’ve used (yes, I’m a real customer. LOL). We’ve used Progressive or Geico for several years but when we moved to another state and needed to lower bills, I checked Esurance. We also had a huge premium savings, then at our first renewal, our premium dropped another $10/month. I received our next renewal quote just today & it increased a total of $5.00 for the next 6-month period (yes, less than 50-cents increase per month). I can live with that. 😉 Obviously can’t speak to what anyone else’s experience will be but for us, it’s been great.



  2. Gary on June 12, 2011 at 3:43 pm

    This caught my attention because I just saved $400/year by switching FROM Geico TO Progressive! 🙂 Guess the moral of the story is it pays to shop around no matter who you’re currently with!



  3. pyropat87 on June 12, 2011 at 3:47 pm

    GEICO
    G (Government) E (Employee) I (Insurance) CO (Company)

    GEICO does offer great savings for government employees whether it is local, state, or federal. Everyone else bites the bullet.



    • penelopeann on June 12, 2011 at 4:57 pm

      Not always. We are not government employees and have motorcycle insurance through them. Cheapest we found by just a few bucks over Progressive.



  4. Sandy on June 12, 2011 at 4:05 pm

    My husband & I were with GEICO for years. They were the cheapest that we could findin the Atlanta, GA area, until we discovered USAA. If you’re a Veteran in good standing you can save even more. We dropped an additional $600 per year.



    • Shannon on June 13, 2011 at 9:56 pm

      We have always shopped for our insurance but even though we’ve banked with multiple accounts for about 14 years at USAA, Geico was still cheaper for us. Weird!



    • Sara on June 13, 2011 at 11:05 pm

      We are with USAA as well and I’m considering shopping around just for interest sake. We are in FL and pay 960 every 6mos for our auto insurance plus a small amt for 2 pieces of artwork. I guess it’s worth looking into as well as homeowners insurance bc we are in Tampa.



  5. candace on June 12, 2011 at 4:15 pm

    omg if this quote i got today is right i will save 365$ every 6mths. i am switching tomorrow! Thanks swaggragger for reminding me to shop around. i have been with esurance for the past 7 years without shopping around, yahoo 🙂



  6. R. Kessler on June 12, 2011 at 4:37 pm

    We have Geico also. If you stay with an insurance for a while you get accident forgiveness. That”s why it doesn’t do us any good to switch. If you insure your residence you will get an extra discount.



  7. Julianne on June 12, 2011 at 10:39 pm

    Florida’s car insurance is super high! We moved from Florida to NC a year ago and our insurance was cut in half!



  8. margie on June 12, 2011 at 10:49 pm

    I work for Allstate in Douglasville, GA on Douglas Blvd just west of Home Depot. Anyone in the area is welcome to come into the office each week to pick up free Wednesday newspapers with weekly coupons in them. My boss is allowing me to do this to help fellow couponers, all he asks is that you let me give you a quote for insurance. Then you can stop by every week for FREE COUPONS even if I don’t beat what your paying currently. That’s a WIN WIN deal!



  9. Jennifer on June 13, 2011 at 9:45 pm

    I’ve been with Geico 16 years, a state employee for 5, and had no idea they give discounts to state employees! Hopefully I can save some $$ staying with Geico!



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