^^ Adding, it's insane to pay $3,200 per year to insure two freaking HONDAS! In 8 years, you can buy a Honda in cash for that.

Anonymous wrote:

Anonymous wrote:I've been thinking about this myself. We pay $960/annually with GEICO to insure a 2019 Sonata and 2023 Honda CRV, which seems pretty steep considering we don't have any recent accidents or tickets. Assuming that we'd stay with one of the big companies (State Farm, Progressive, Liberty Mutual, Allstate), is the price difference going to be worth it to switch?

We have Liberty Mutual and two Hondas less than 5 years old. Clean driving records and excellent credit -- no claims. LM has gone from $1800 four years ago to $3200 this year for the same coverage ($1K deductible). They did the same thing for our homeowners -- it's gone up more than 50% in the same timeframe. We're going to have to shop it around later this year to find someone less expensive.

Yes, prices have gone up, but here's your first problem: having a $1K deductible. I don't know why everyone doesn't get the max deductible possible (outside of 22-year-olds without lots of savings). Better yet, get rid of comprehensive and other unnecessary coverages and just keep enough liquid investments to be able to cover any emergencies.

I've been with State Farm since I was 16. Last year my insurance suddenly increased. I shopped around for the first time - and found nothing cheaper by more than a few dollars, which wasn't worth it considering I have a local office that knows me by name and have had any claims paid quickly.

But goodness it's gotten expensive!

Anonymous wrote:

Anonymous wrote:I've been thinking about this myself. We pay $960/annually with GEICO to insure a 2019 Sonata and 2023 Honda CRV, which seems pretty steep considering we don't have any recent accidents or tickets. Assuming that we'd stay with one of the big companies (State Farm, Progressive, Liberty Mutual, Allstate), is the price difference going to be worth it to switch?

We have Liberty Mutual and two Hondas less than 5 years old. Clean driving records and excellent credit -- no claims. LM has gone from $1800 four years ago to $3200 this year for the same coverage ($1K deductible). They did the same thing for our homeowners -- it's gone up more than 50% in the same timeframe. We're going to have to shop it around later this year to find someone less expensive.

Good luck! I shopped around and none of the reliable firms were lower.

Anonymous wrote:I've been thinking about this myself. We pay $960/annually with GEICO to insure a 2019 Sonata and 2023 Honda CRV, which seems pretty steep considering we don't have any recent accidents or tickets. Assuming that we'd stay with one of the big companies (State Farm, Progressive, Liberty Mutual, Allstate), is the price difference going to be worth it to switch?

Is that comprehensive or liability? Both cars annually or each annually? What’s your deductible? You have to look at all that to shop around.

It depends on how long you have been with your current insurance company. If it’s been more than a few years, definitely.

Anonymous wrote:I've been thinking about this myself. We pay $960/annually with GEICO to insure a 2019 Sonata and 2023 Honda CRV, which seems pretty steep considering we don't have any recent accidents or tickets. Assuming that we'd stay with one of the big companies (State Farm, Progressive, Liberty Mutual, Allstate), is the price difference going to be worth it to switch?

We have Liberty Mutual and two Hondas less than 5 years old. Clean driving records and excellent credit -- no claims. LM has gone from $1800 four years ago to $3200 this year for the same coverage ($1K deductible). They did the same thing for our homeowners -- it's gone up more than 50% in the same timeframe. We're going to have to shop it around later this year to find someone less expensive.

Anonymous wrote:I've been thinking about this myself. We pay $960/annually with GEICO to insure a 2019 Sonata and 2023 Honda CRV, which seems pretty steep considering we don't have any recent accidents or tickets. Assuming that we'd stay with one of the big companies (State Farm, Progressive, Liberty Mutual, Allstate), is the price difference going to be worth it to switch?

I am paying $4,000 a year you have 1999 prices

I've been thinking about this myself. We pay $960/annually with GEICO to insure a 2019 Sonata and 2023 Honda CRV, which seems pretty steep considering we don't have any recent accidents or tickets. Assuming that we'd stay with one of the big companies (State Farm, Progressive, Liberty Mutual, Allstate), is the price difference going to be worth it to switch?

Anonymous wrote:

Anonymous wrote:I don't get why companies are not required to lower rates if you are a good driver. It's not fair good drivers have to subsidize bad ones.

Most give good driver and/or accident free discounts.

Not a significant one. I have that and it's not a meaningful discount.

Anonymous wrote:I don't get why companies are not required to lower rates if you are a good driver. It's not fair good drivers have to subsidize bad ones.

Most give good driver and/or accident free discounts.

We ended up saving a few hundred dollars by switching and bundling with home insurance.

Anonymous wrote:We get good driver discounts but we have had same company for a number of years.

Which company?

We get good driver discounts but we have had same company for a number of years.

Of course shop around.

And read customer reviews. Some may be cheap, but prove very disappointing when you actually need them.


For example, through GEICO, I had Travelers Homeowners Insurance . They were awful (in my experience ) about paying even the most straightforward of claims. This was after years of me paying premiums and making no claims. It seemed to me they were trained to deny all claims initially, in hopes of wearing you down in the process .