I was listening to a podcast and the host mentioned she shops her car insurance every 6 months. Reason being is because Insurance companies regularly offer new incentives and discounts that are available to take advantage of. I have been with my car insurance company for 12 years!! It’s definitely time to shop.
I used a website called coverhound.com to shop multiple insurance companies at once. As you may remember, we pay $365 per month in car insurance for two leased vehicles (for a 6-month premium of $2,162.26). On CoverHound, we found a major insurance company offering the same limits for $1,489.74! This saves us $672 ever 6 months! Aww man why didn’t I think to do this sooner?
We are moving forward with purchasing the new policy and that extra money will help pay down our debt even faster. I’m really happy with this.
Tomorrow, is Payday! so look for an update on bills being paid, remaining debt balances and what we have to pay toward reducing debt. As always, if you’re enjoying this blog, please like and share it.