Next to housing and transportation, your biggest expense is likely insurance. According to the latest Consumer Expenditure Survey released by the Bureau of Labor Statistics of the U.S. Department of Labor, the average American spends 7.9 percent of their income protecting what they have. Patrick D. of Denver, Colo. was like most of us, he felt he was spending too much on his auto insurance, so when he recently got his renewal notice, he decided it was time to shop around for a better deal.
Instead of picking up the phone and calling multiple insurance agents to get quotes, or spending time visiting different agents' offices, he logged on to www.NetQuote.com, the Internet's most popular comparison insurance Web site. Once there, all he had to do was answer some basic questions about his needs and click submit. Filling out the form took less than 10 minutes and within 24 hours, he had received quotes back from 6 different insurance companies all interested in doing business with him.
After reviewing all of them, he decided to go with a policy that offered better coverage than he had at the time for the same amount of money he was already paying.
"I went from the state minimum to $100,000/$300,000/$100,000 coverage on my auto," he explains. The total amount he was spending on insurance dropped even more when he agreed to move his renter's insurance policy over to that same company as well.
By doing that, Patrick qualified for a multi-policy discount. Many companies also offer significant discounts for safe drivers and customers who have security and fire alarms in their homes.
Remember, insurance is one of the easiest places to trim your budget. To find out how much you can save, log on to www.NetQuote.com for your no obligation quotes today. Since 1989, the company has helped more than 20 million people save on insurance.
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