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Home > Two phone calls = $398.60 saved!

Two phone calls = $398.60 saved!

July 6th, 2011 at 10:04 am

I finally got around to switching my home and car insurance to another company (from State Farm, who had almost doubled my rates the last couple of years, to Allstate.). I spent about 30 minutes on the phone and it cut my annual bill for two cars and one house by $398.60 a year. That feels good. I'm also paying less, but getting more auto coverage.

I'm not a big insurance company hopper, but clearly it does pay to reevaluate every couple of years.

I also cancelled my homeowners insurance with State Farm (on the house I just sold), and will be receiving a refund. I will also be cancelling the car insurance, and will be getting another refund for that. I suppose that money will go either to the kids' 529s or to pay down the car loan.


We're in the middle of getting estimates for gutters and insulation for the new house. So far, they have come in a bit above what I expected to pay. I budgeted a max of $2000 for each of the three projects we need to have done here.

--Tree removal of a dying and deadly tree is $1900. It involves a crane. Of course.

--First insulation quote came in at $2800. We have R5, and want to add another R38 to meet the Dept of Energy recommendations for our area.

Here's the rub. If we have an energy audit from our local gas company, we will get a rebate for putting in the insulation. it can be significant-- from 20 to 70 percent. That's great. But I just called and they are all booked up for this year and won't be able to get to us until some time in 2012. Is it worth waiting up to another year to get the discount? I'm not sure.

-- the first gutter estimate came back at $1900. But for another $1200 with a leaf guard system. After some research, I'm skeptical of the leaf system, as it can potentially cause problems in winter with ice dams and snow. Looks like we will have to just clean the leaves out.

Still, I am waiting for more estimates. So hopefully we can get a good deal.

2 Responses to “Two phone calls = $398.60 saved!”

  1. MonkeyMama Says:

    That's great!

    Good or bad - I have never gotten a lower quote for any of our insurance. I suppose it's good, but then I don't get they joy of saving hundreds with a couple of phone calls!

  2. ThriftoRama Says:

    We are lucky because Ohio is an incredibly competitive market for insurance, so we have dozens of companies to choose from. It keeps prices in check, somewhat. Also, I used to be an insider in the business, so I know that when rates rise unexpectedly, the company might be trying to get you to change companies. They try to reduce the number of properties in any one neighborhood they insure, to reduce risk in the event of a disaster in that area. I suspected they were doing that with me, so I was able to save by switching.

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