A week or so ago I wrote a post about how we’d just saved a lot of money on our car and home insurance by making a few adjustments on our policy.
What I didn’t know what as that when we bought our new car near the beginning of August and my husband arranged everything with our insurance company. I thought that our car insurance rates had gone down a little bit – especially after we’d made a few adjustments to our policy a week a later. Boy was I wrong!
I guess with some changes to Ontario Insurance Laws that went into effect in early September and the fact that our car is newer – even though it’s a small 4 door 4 cylinder sedan – safe, efficient and that my husband and I have PERFECT driving records – our car insurance went up by about $60 a month.
Once I saw how much money they took out of our bank account for the monthly policy payment we gave them a call. Of course their computers went down shortly after we started our talk. Uh huh. Before their computers crashed they did say that our payments had been adjusted upwards to cover the slightly higher expense of the new car coverage and that it will go down in the new year when our new contract starts.
I’m going to be calling them back on Monday to clarify exactly how much we’ll be paying when the new contract starts and their computers better not go down again! If I’m not happy with our conversation I think I’ll be spending sometime checking out prices at other car insurance companies next week and see if we can get a better price. If I do find one, hopefully it will be a company that also has house insurance and gives a discount when you combine car and house coverage. Our currant insurance company gives a 20% discount for combining insurance coverage.