At the Accountability household, we pay $630.00 every six months – this is for FOUR cars, three drivers and one of those drivers is a young male aged 21. Pretty good rates, huh? I try to remember to shop around every six months to see if I’m getting the best price for my auto insurance. It really can pay off in savings by checking around. Last year in September (2010) I was amazed to find that we could save $318 on our six month policy just by shopping around! After that I was sold on checking rates regularly. Go Auto Insurance is a just one great way to get a quote easily just by answering a few questions. Be sure to have a copy of your current policy with you as you make comparisons. You will need to know your current coverages and limits of liability in order to get an accurate comparison.
I know you’re curious to see how are rates are so low, so I took a screenshot of our latest insurance policy. As you can see, all our vehicles are fifteen years and older. This is definitely a perk when it comes to insurance savings. All of our vehicles have over 100,000 miles, and my Pathfinder just turned over to 325,000 miles!
Now the only thing you cannot see by this screenshot is how many drivers are on the policy. For the record, it is myself, Mr. Accountability and AJ our 21 year old son. AJ owns the 1994 Sedan and his insurance costs are the highest, but only by a few dollars. The van and pickup are Mr. A’s business vehicles. I drive the 15 year old Nissan Pathfinder mainly to drive back and forth to work.
If you are familiar with auto insurance, you may notice that we do not carry collision insurance on our vehicles. It would not be worth the cost, as if one of our vehicles were in an accident, they would surely be totaled and the value would be quite low. Our current agent suggested we carry liability insurance with bodily injury of $50,000 on each person, and $100,000 on each accident, with $25,000 on property damage.
The lowest amount in the state of Arizona to for uninsured and underinsured motorists bodily injury is $15,000 per person and $30,000 per accident, but as you can see we were able to get significantly better coverage for just $27 each month.
I think $630 for four vehicles and three drivers, one a young male 21 years of age is pretty amazing. I think that’s about the best rate we’re going to be able to get, and I shudder to think what we’d be paying with newer vehicles! AJ is lucky to still be living at home and driving an older vehicle. I’ve already compared rates for him with our agent so he has the information to use when making his plans to fly the coop and he would have to pay $465 for the six months, instead of the $183 he is paying now.
How often do you renew your auto insurance? Do you compare rates to make sure you are getting the best rates?