Previously, I posted about how I was planning to reduce my then current auto insurance premium. Although my premium was slightly over $400 over 6 months, after reviewing the breakdown of how much I was paying for each line item, I figured I could reduce the costs by changing some of the coverage. And today, after chatting with my Allstate rep on the phone, I reduced my premium by over 20%.

The items I changed are increasing my deductibles from $500 to $1000 for my Auto Collision and Comprehensive. I also removed Auto. Medical Payments entirely as well as towing. This allowed me to save $90 in my 6 months premium.

I will post the breakdown of my new coverage when Allstate sends me the updated paperwork. Have you re-evaluated your auto insurance lately? Geico.com offers a free rate quote that takes less than 5 minutes to fill out.  You can also compare those results with Allstate free rate quote and see which one provides better pricing. They’ll show you an estimated quote instantly on your screen and will also email it you. Don’t enter your phone number unless you want to be hassled over the phone.

I plan on investigating an option to change my homeowners insurance policy to Allstate so achieve even larger discounts.  Once I have that set up, I will update you on how much more I saved.

• Help Me Reduce My Auto Insurance