Auto Insurance Quotes
After I recovered from the shell shock after getting my renewal bill from the Auto Club, I decided it was time to shop around for new insurance. So this past weekend, I shopped around for new auto insurance.
To get a fair quote from each company, I decided on the best coverage for myself, and stuck with throughout the process. For the record, I’m 25, male, single, live in greater Los Angeles, and have no at-fault accidents (2 non at-fault which shouldn’t hurt my premiums) and no tickets or arrests. I’m insuring one car, a 2005 Nissan Frontier, and I drive around 15,000 miles per year. I decided on the following coverage:
Bodily Injury Liability: $50,000/100,000
Property Damabe: $50,000
Medical Expense: $5000
Uninsured Motorist (Bodily Injury) $25,000/$50,000
$500 Comprehensive Deductible
$1,000 Collision Deductible
$20/day Rental Car
I visited each companies website, typed in all my information, and here’s the results:
- Auto Club – $1,920
- Mercury – $1,880
- Progressive Direct – $2,426
- Geico – $2,108
- State Farm – $1,948
- AllState – $2,194
- Esurance – $1,736
- Liberty Mutual – $1,587
These are obviously very personal, customized quotes, specific to my background, driving record, and driving habits. Your mileage will certainly vary.
That said, in my case, Liberty Mutual was by far the least expensive. Better yet, a few days after I filled out the online form, an agent sent me a new quote, with a new price of $1,493, for the same coverage. Almost another $100 off! My roommate has Liberty Mutual, and in his price shopping, they were also the cheapest. I talked it over with my dad, and Liberty Mutual was his first auto insurance company. I would definitely feel comfortable going with them.
I still have 3 weeks before my old insurance expires, but it looks like after that, I’ll be making a switch. The only question now, is do I go with the lowest premiums, or is there another company that’s worth the extra cost? Could their customer service or handling of claims be better? If so, is that worth a couple hundred dollars a year?
Posted on Monday, April 2, 2007 @ 6:34 pm by BudgetFreak
Filed Under: Expenses , Insurance , Saving Money
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on 03 Apr 2007 at 8:36 pm 1.B Schwartz said …
I sell cars for a living and in doing so deal with a lot of insurance companies. Liberty mutual has always seemed to offer good payoff for people who have had total losses. Their customer service has always been pretty efficient as well. Best of luck
on 04 Apr 2007 at 5:50 am 2.BudgetFreak said …
Hey, thanks for the comment. Hopefully I won’t ever have to deal with a total loss, but it’s good to they’re fair about it. Efficient customer service is a plus too.