Took the time today to get on the phone with our auto insurance company and consolidate all of our policies. Sea Cadet and I had remained on the same policy, but since History Buff lived away from home for a couple of years, he had his own.
Auto Insurance Savings
The motivation was two fold: 1) save History Buff some money on a monthly basis and 2) be prepared for Sea Cadet leaving at the end of next month. (We have determined that Sea Cadet will be covered by an Americorps policy while he is working there, so I will be able to remove him from ours while he is away without worrying about a gap in insurance.)
By moving History Buff over to my policy and applying for the good student discount (maintaining a 3.0 GPA) he will save about $60 a month for the same coverage. Woot, woot!
The call did take about 45 minutes of my day, but I think the coverage and peace of mind is well worth. Have you called your insurance broker lately to check on your policies and coverage?
Do You Bundle Your Insurance
I have all my insurance coverage with USAA – renters, life and auto. Do you use different companies for different insurance or do you bundle yours with the same carrier? When the twins turned 18 I had them do a school assignment where they had to get insurance quotes for auto and renters policies from three different companies. No one came close to USAA rates. Not to mention their service and access has always been fantastic.
I would love to hear more about your insurance experience. As the twins grow closer to leaving the nest, I am encouraging them to research and make the best decision for themselves in these matters. But I always emphasize not only checking rates but also reputation. There is nothing worse then having a none responsive insurance company when tragedy happens.