Viewing a single comment thread. View all comments

csimonson t1_iui4tao wrote

Here's a big one that people never think of.

If you now work from home but you used to go into the office before, you're driving less per year. That alone will drop your insurance cost substantially.

Couple weeks ago I went in with my wife to talk to our state farm agent. We ended up almost doubling our medical policies on our car insurance, added something like $50k of coverage on our house and our overall payment only went up by $5 because we dropped out total estimated driving amount from 13k miles each per year to <5k for me and <8k for my wife along with getting those Bluetooth things that track your driving habits and mileage to real world.

Even if we didn't do the Bluetooth tracking things we only would've ended up paying $25 more total per month with all the extra coverage.

3

rtmillerx t1_iuitbys wrote

State farm secret from a former sales intern...

Ask - "Is there any discount for not driving a ton? I only drive about [something under 10k] miles per year." I believe the threshold varies by state, but the state I worked in has a threshold of 12k.

We weren't supposed to offer this discount unless something like the above was mentioned by the potential customer, but we would sometimes probe it out of them if we needed to get the price down to close a deal. (i.e., "If you had to guess, how many miles would you say you drive per month?")

State Farm is not set up to frequently review the mileage on your vehicle, so if you receive that discount you can carry it for at least the 6-12 month period of your policy, and likely longer.

Edit: Additionally, the Drive Safe & Save is another solid option to get $10-$20 off your monthly payment. You only have to activate it a few times a month to receive the discount. It may effect the LMD when your policy renews, however...

4