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Insurance Savings

May 1st, 2011 at 03:29 pm

We never keep collision/comprehensive long on our cars. Mostly because we tend to drive really old/inexpensive cars.

When we picked up HBO for a few months to watch a new series ($5/month) I recalled that we still had comprehensive on dh's car. (It's worth $2k at most, is 10 years old, has a high deductible anyway, and we have the cash to replace it with a 1-year-old car we have our eye on for next vehicle).

I don't remember precisely when we dropped collision - but it was years ago. Comprehensive was far cheaper, and we seem to have high odds of flood/auto theft. Which mattered more when the car was worth twice as much as it is now and we had no intention of replacing it barring worst case scenario.

Dropping it saves about $60/year - or enough for one year of HBO. Woohoo!

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I think my newspaper just saved me $150. Paid for itself this year.

Read about State Farm's "Drive Safe and Save" program:

Text is http://www.statefarm.com/insurance/auto_insurance/drive_save_safe.asp and Link is
http://www.statefarm.com/insurance/auto_insurance/drive_save...

I skeptically looked it up not expecting it to apply to us, etc. In the past you had to drive less than 7500 miles per year to qualify for any low driving discount.

Looked it up, and low and behold, discount applies to less than 19k miles driven per year. More discount the less you drive.

We drive both our cars about 10k per year, on average. Looks like we will save 5% or 8% off of our premiums.

It took a click of the button to sign up.

I registered the van, which probably will yield the bigger savings. (We drive it far less when gas prices are high, and is the more expensive insurance since it is newer and has full coverage).

I couldn't register the gas sipper, so I e-mailed my agent to ask why not. I didn't see any reason why I shouldn't be able to. Discount applies to almost everything - not just collision/comprehensive.

He probably thinks I lost my job or something. Fishing for those pennies! I just talked to him about the comprehensive last week.

Will see. Very little effort to save $200-ish per year. Big Grin

I have no idea why I have not heard of this program! So I had to share. That said, it is only available in 4 states. Keep an eye out though - wonder if this will become more common.

4 Responses to “Insurance Savings”

  1. mskills Says:
    1304262347

    Great catch on this State Farm program. While my state doesn't qualify (yet), I can't believe how easy they are making it to save 5% on the premium. Oddly, you really have to dig through their website to find a link to the Drive Safe & Save program ... wonder why?

  2. Ima saver Says:
    1304262633

    We get the low driving discount at State Farm. It saves us over $400 a year.

  3. MonkeyMama Says:
    1304264631

    I suppose it's super top secret for now. Wink

  4. MonkeyMama Says:
    1304431530

    I can add it on the Ford when it renews next month. I suppose the Dodge was up for renewal or something.

    Yay!

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