When we moved into the city I was expecting our car insurance rates to go up but I wasn't prepared for how much they would increase.
We've been with Nationwide for more than 15 years and it never even crossed my mind to look into switching to another insurance company. But when our monthly car insurance payment increased by more than $100 per month, I decided it was time to do a little research.
After reviewing quotes from more than a few companies, I finally decided to switch to Geico. I made the plunge Thursday evening (it was incredible easy) and then called my Nationwide agent on Friday morning to cancel. He didn't ask any questions or try to find out if there was anything he could do to retain my business...he simply told me to fax him something in writing...which I did right away.
So what does this all boil down to in dollars? A savings of more than $700 in six months. Yikes! I paid the 6 month Geico premium outright, which ended up being about 2 1/2 months of what I would have paid Nationwide.
This just goes to show you that you should always check around to see if there's a less expensive way of doing things. Just because you've been with a certain company for a long time doesn't necessarily mean you should stay with them.
Lesson learned.
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