Every year around this time, I look at my financial picture and wonder…. jeez, where does all the money go? It’s like smoke, blows right out the door. So I try and brainstorm to figure out how to squeeze a little harder from the dollars coming in and hang onto the dollars going out. This year I’ve decided to review all the monthly expenses I take for granted, you know, groceries, the wine & chocolate fund, shoe expenditures, car insurance, etc. So in that spirit, I called four car insurance companies: 21st Century, who has insured me for the past five years and who has been great, given that I’ve been hit three times in three years. AAA, cuz they have a good reputation. Geico cuz they say they’re the most competitive and have a cute lizard on their logo and finally, Progressive, because they have a rep for good claims and low cost. What I found out made me realize it’s not smart to sit on your haunches figuring that whatever deal you have is the best you can do.
To my surprise, triple A was by far the best deal. They beat the current insurance price I’m paying by $1100 per year. Geico was next, just $200 higher, 21st was third, and Progressive, who I thought was one of the most competitive, was the most expensive! Anyway, it definitely pays to shop around. I’m gonna be $1100 richer this year by spending an hour or so on the phone.
And if you have any suggestions on other reputable insurance firms, let me know. I haven’t forked over the cash yet, so I’m open to suggestions. Now I just have to make my reservations for a weekend in the sun in Tulum on the money I saved! Yah baby! Why do a budget and save money if you can’t blow the cash on something fun?!