How to Compare Auto and Home Insurance Quotes

hi guys my name is Ryan the frugal

analysts and in this video I'll show you

how I compared my home and auto

insurance quotes to save you time and

money now the most annoying thing is

definitely the time there are so many

vendors out there and it takes so long

to input every single piece of

information to get a quote from

everybody and everybody has their own

discounts their own user interface so in

this video I'll show you how to minimize

the time it takes to compare quotes now

comparing quotes is pretty common for me

and historically I changed my insurance

company every one to two years because

over time the insurance premium just

seems to go up so for next year

my home insurance went up from $700 to

$1400 so that's a 100 percent jump

that's that's huge so it's basically the

right time for me to compare insurance

quotes so I'll show you how in this

video so you can save the most time so I

have three sections in this video the

first one is how I compare quotes the

second one is my comparative prices and

the third one is my historical insurance

experience and I have plenty of answers

in the past such as triple-a Liberty

Mutual Safeco Geico allied progressive

and I might be missing a few but every

insurance company is different some

company have better benefits than others

and I'll walk you through it at the end

now in these three sections if you want

to skip around I'll have a table of

contents in the bottom of this video so

that you can skip to any sections

whenever you like so let's get started

so before comparing rates let's get all

of our personal information all in one

place so that once we're ready to

compare rates we could send them to

different vendors and just copy/paste

really quickly to get started we

probably need four different piece of

information for home and auto insurance

quotes the first one is personal

information this consists of three

things you

name driver license and date of birth

and you'll need them for every single

user in the account the second thing is

the card information so card information

includes the make and model of the car

the current odometer miles people's work

address and how many miles they plan to

use the car every single year the third

one just for home insurance is basically

your home address your roof type your

mortgage company your loan number and

when the house was built the fourth one

is the estimated amount of coverage that

you're looking to get now I'm not an

expert in each line item but basically

you want to have enough coverage but not

too much coverage usually some insurance

company would want to increase the

coverage dollars so that they could

charge you more money but look at your

coverage see what you actually need and

basically have the amount of coverage

that you that you want ready so that

when you compare quotes you could tell

everybody the same amount of coverage

now this whole process will definitely

take longer if you have more people and

more cars and since I have an insurance

before what I like to do is I like to

print their current coverage or at least

save it in a folder so that I could just

copy and paste some of that information

to different vendors so for reference

this is my current coverage right now so

for my auto policy I have four different

cars three of them is full coverage the

Corolla is just liability only my Tesla

is basically hogging half of the premium

costs and especially that collision

coverage ouch it's very expensive but it

is a great car my home insurance is

required because I have a mortgage and

usually the insurance company like to

hype up the value of the home to charge

their clients for money but don't fall

for it ask for a lower coverage if you

don't have anything fancy inside the

home

so total for me it's 2,800 for the auto

policy and

additional 1,400 for the home policy and

my home policy definitely jumped from

700 dollars last year to 1,400 dollars

this year so that's a total of $4,200

for my next year premium that they're

asking so now it's time for me to

compare quotes from different vendors so

there's basically three different

companies that I want to ask insurance

quotes from the first one is I would

call an independent insurance company

these are usually really large or

midsize insurance companies such as

Geico triple-a farmers they basically

have their own agents they don't have

any third party selling their insurance

the second category is the local agency

local agency is where you can actually

visit them in your local area so I'm in

San Diego I could go to Yelp and

basically search for insurance companies

and there are local agencies where you

can meet them in person contact them

through email and basically get them to

compare rates from the insurance company

that their partner with the third

category is basically like a local

agency but they're basically online so

these online agencies can prepare rates

for you and there's a bunch of startups

that tries to make the process easier

where you basically submit your

information online with your current

coverage and they will try to get you a

better quote from their network of

insurers so I tried all three of these

types of companies and what I find out

is that to save the most time and

basically the lowest amount of effort is

to find a person that you can email your

current policy to so this person can be

a part of an independent agency or they

can be a local agent or an online agent

but it will not give you the fastest

insurance quotes the fastest way is to

basically brute force all of your

information and get your quotes online

so usually a lot of these companies

especially the online

agencies and the independent agencies

they have a portal online where you can

just basically type in everybody's name

their car information their mileage

online and you'll get the quote right

away but it does take a crapload amount

of time just to input that information I

think for me it takes around 15 minutes

if I seriously focus and basically input

everybody's name everybody's car

information and home information and all

that so for my personal rate comparison

the first thing I did was to give my

current answer a second chance so

currently I'm with Geico and I have

their auto policy and also use their

third-party home insurance network now

the auto policy didn't really jump as

much but my home insurance basically

doubled so I tried to go in their

website again to see if I could find a

better quote and I did so currently

they're asking for $1400 I found another

quote for $1,200 which is $200 less and

I wish that they would have come back to

me with 1200 instead of $1400 but I

guess they don't want to screw up their

partnership with their third party

answer but it is annoying that they have

a better deal but they basically didn't

tell me unless I actively reach out to

Geico and that's also another sign of

why I think we should all compare

insurance rate quotes every one to two

years or especially after our rates win

up anyway it's not the rate that I was

looking for 1200 it's still a big jump

from my $700 that I paid last year so

it's time for me to do the work so that

I could compare quotes from other

vendors the first thing I did to compare

rates outside is basically I go on Yelp

and search for insurance companies now

what I'm really looking for is that low

effort type of deal where I can find an

individual I really want to email

somebody so that they can input my

information for me and I could just send

them my current policy so I went on Yelp

and basically searched for insurance

companies I found a few I found farmers

insurance they're highly rated I found

some local insurance agencies where I

just send them a Yelp message and tell

them to email me so that I could ask

them for insurance and send them my

current policy so that I don't have to

type in any of that information and

usually after I emailed them my current

coverage they'll come back with some

additional questions to get me the most

discount but it's just a few questions

and it's a lot better than typing in all

of the personal information and car

information into a portal now meanwhile

I also tried some of the online methods

or methods where I have to put in my own

information to some of the large

companies and usually that takes up to

15 minutes in my situation so after

spending a bunch of time talking to

different insurance agencies and

companies here are my comparative prices

so the first one is my current policy

I'm using Geico as an auto policy and

using their third party Network net Jen

as home insurance and they're asking for

2800 for the car and 1400 for the home

the next thing I did was see if I could

get a better rate from Geico and I did I

can lower my homeowner policy to $1200

then I have a comparison from Farmers

Insurance they have a local agent in San

Diego and I emailed him he got back to

me that rate is fairly expensive I

contacted our company called American

National American national is a referral

from one of my coworker and they

actually have their agents name online

so I just basically emailed him sending

my current policy he got back to me and

they actually have one of the lowest

rates out there I also have comparison

from Huawei Nisa

I heard from my neighbor that one ISA

only ensure good drivers and they

basically have a pretty good quote so I

tried them unfortunately their quote is

not as good as GEICO's for that they're

out of policy I also tried some of the

big companies such as triple-a because

well I just seen them everywhere and a

company called Amica Amica keeps sending

me paper mail so I thought I'm going to

just give them a chance

as far as agencies I did try a local

agency to compare the rates from their

network and also an online agency so the

first local agency is called San Diego

and service agencies and they gave me a

quote that's it's not that bad but it's

not the best quote for our like they're

asking for twenty nine hundred and six

seventy five for the homeowner policy so

the homeowner is super competitive for

them but the arrow is just not as good

as guy ko I also tried an online agency

called policy genius I just keep seeing

them on Facebook experience was pretty

good I only had to type in my personal

information and I could submit my

current policy and they got back to me

after a few days and their quotes is

just alright it's kind of expensive but

overall it seems like sticking with

Geico for auto and getting the American

national home coverage gives me the best

deal now American national actually gave

me the best combination in terms of

pricing but I think Geico is such a

bigger company that I might be able to

trust more my coworker only recommended

national for the home insurance and he

filed claims with them before and it

went through fine so I'll just use

American national for my home policy and

also keep my Geico as my outer policy so

in total my new premium is basically

2,800 for my arrow and $650 for my home

policy and this insurance company

usually you get a discount if you have

multi policy but it seems like Geico

doesn't care if I have a home combined

with my policy or not but in combination

650 plus 2,800 my total is less than

3,500 so that's not bad and I'll take it

so now let me share money experience

with different insurance companies and I

have plenty of them in the past such as

triple-a Liberty Mutual Safeco Geico

allied progressive Kemper and so forth

first thing I want to say is I think

triple-a if you're looking for tow

triple-a basically have their own

drivers and you can get a tow in 20

minutes

well if you have Geico or camper I think

your tow times is probably one hour for

them to get to your location because

they don't have a dedicated driver next

thing I want to point out is the

collision coverage and how they value

your car so my parents got hit with a

hit and run in their car and here's a

picture of the car and at the time we

have an insurance company called camper

I think camper is maybe much bigger in

the East Coast but we got camper to a

local agency and they are a big company

but for this amount of damage they're

coding a cost of less than $1,000 and I

was quite offended at that valuation so

what I did was I just decided to repair

the car and because I live in California

I can choose any repair shop that I want

at the end it really cost them over

$5,000 to

the car and really I would have taken

much less than $5,000 for the damage but

their initial offer was just way to lows

so I'm guessing if I went with a better

insurance company that probably give me

a higher offer to not repair the car and

just pay for the hit-and-run damage so

that's all my claim experience I did

have utter accidents but I wasn't at

fault so I get to basically choose my

repair shop and if it's not your fault

usually it's pretty straightforward

there's nothing to complain about but

once the insurance company have to pay

for your damage that's when you start to

question different insurance company and

their integrity or their willingness to

cover for your damage so that's it for

this video to compare insurance rate

quotes I hope this video will help you

save time and money if this video is

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for more frugal videos I'll see you next

time