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03-10-2014, 03:56 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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ER insurance adjustments
I just tweaked my insurance.
Home insurance deductible increased to $1000 saved me $100 on annual premium.
Canceling auto comprehensive collision saved me $250/year. The car is 7 years old with $135k on the clock.
Bought $2M umbrella policy for $235/year
Bought dental insurance for $27/month and cadillac health for $430/month. If
I need to cut costs I can always go to an ACA plan that will cost ~$200/month after subsidy.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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03-10-2014, 04:04 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,377
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 Quote:
Originally Posted by nun
....The car is 7 years old with $135k on the clock....
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Why don't you put your money in the bank like the rest of us? That said, I would never think to look for cash on the clock.
I felt it was more cost effective for us to self insure on dental.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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03-10-2014, 05:06 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by pb4uski
Why don't you put your money in the bank like the rest of us? That said, I would never think to look for cash on the clock.
I felt it was more cost effective for us to self insure on dental.
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At $325 a year that's not much more than a couple of cleanings will cost and as I know more crowns are in my future I would not go without dental insurance.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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03-10-2014, 07:16 PM
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#4
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 238
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Allstate just quoted me $500 for $2M umbrella. We have two homes, 3 cars insured with them - although not sure that enters into pricing? How did you get such a good price?
Deb
Sent from my KFJWI using Tapatalk HD
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03-10-2014, 08:51 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by Debinnov a
Allstate just quoted me $500 for $2M umbrella. We have two homes, 3 cars insured with them - although not sure that enters into pricing? How did you get such a good price?
Deb
Sent from my KFJWI using Tapatalk HD
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I went through my agent. I have my home, auto and umbrella with Vermont Mutual.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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03-10-2014, 09:19 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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We have started tweaking our insurance as well. We've been going over every expense with a fine tooth comb. We dropped disability and life insurance, and upped the deductibles on the cars and home. I think that saved around $4K a year so far.
Next up price shopping auto / home / umbrella. I used an online calculator and USAA came out $1.4K cheaper on car insurance alone (college age kids on policy).
I think our portion of our ACA premiums will end up being $49 a month for a Bronze policy but it depends on how low we can keep our MAGI for this year.
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03-10-2014, 09:41 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Posts: 1,500
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Quote:
Originally Posted by Debinnov a
Allstate just quoted me $500 for $2M umbrella. We have two homes, 3 cars insured with them - although not sure that enters into pricing? How did you get such a good price?
Deb
Sent from my KFJWI using Tapatalk HD
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2 cars, 1 truck (all > 10 years old) and a Harley, $250k liability required for all, $422, State Farm.
The house didn't matter.
__________________
Chief Retirement Strategist
The AR Group
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03-10-2014, 09:47 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by Accidental Retiree
2 cars, 1 truck (all > 10 years old) and a Harley, $250k liability required for all, $422, State Farm.
The house didn't matter.
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I had to erase my auto liability to 250k/500k for the umbrella insurance....that cost me $30
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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