J
John Galt
Guest
Another good way to battle rising prices and inflation
is "shop everything". I certainly did not do this when
I was in full "Captain of Industry" mode, but now I have the time and I am real motivated. Case in point............My house insurance just came up for renewal. I shopped it last
year but the savings were small and I had been with a local agent (and friend) for a long time , so I stayed put.
This year I went out to 4 agents/companies for quotes,
and only found about a 10% savings. I suggested to my agent I was going to switch. They found another
company that was over 20% under the rate I had been billed. Then, they suggested if I switched my auto
coverage they could discount it even more. I had
already shopped that to death and liked who I was with,
but told them "have at it!". To my surprise the auto
coverage came back 25% under where I was, and that knocked down the house coverage another 15%.
When I got all done I saved around $300 per year
on insurance which I had already shopped all over God's green pea patch. The lesson is: There is always a better deal out there. I am counting on this to counter inflation once my dear wife hangs up her briefcase.
John Galt
is "shop everything". I certainly did not do this when
I was in full "Captain of Industry" mode, but now I have the time and I am real motivated. Case in point............My house insurance just came up for renewal. I shopped it last
year but the savings were small and I had been with a local agent (and friend) for a long time , so I stayed put.
This year I went out to 4 agents/companies for quotes,
and only found about a 10% savings. I suggested to my agent I was going to switch. They found another
company that was over 20% under the rate I had been billed. Then, they suggested if I switched my auto
coverage they could discount it even more. I had
already shopped that to death and liked who I was with,
but told them "have at it!". To my surprise the auto
coverage came back 25% under where I was, and that knocked down the house coverage another 15%.
When I got all done I saved around $300 per year
on insurance which I had already shopped all over God's green pea patch. The lesson is: There is always a better deal out there. I am counting on this to counter inflation once my dear wife hangs up her briefcase.
John Galt