Thank you the The Frugal Analyst. I obtained quotes from Farmer's, Wawanesa, Geico, including a revisit from my current carrier, 21st century. I kept coverage the same and decided to go with Geico. I am now saving $396 every six months or annual savings of $792. Thank you for posting this on your channel and glad that I'm saving. I agree with you - we should revisit our insurance every one to two years as insurance carrier's are not created equal.

@TheFrugalAnalyst

3 жыл бұрын

Glad you saved some money!

@SamanthaSweetAnne

Жыл бұрын

How is it going for you? I wonder if they really pay when you need them.

Thanks for sharing so much helpful information on home and auto insurance coverage. 🔥🔥🔥

I recently refinanced my home and your previous video was very helpful! I am about to do my research on home insurance now~ Thanks!

@TheFrugalAnalyst

4 жыл бұрын

Thanks for the kind comments. These are the things that keep me going on youtube.

Price is important, but coverage is what pays the claim. A lot of times internet Insurers will sell you any policy, but not explain why you’re getting that coverage. It’s best to work with a human that you value and trust. For your liability coverage, consider your net worth and work backwards. If you were to injure someone in an accident is your income and assets protected? As someone mentioned in the comments, if you’re a homeowner in CA you may want to increase your liability to much higher limits than you currently have. You might consider an umbrella policy as well to make sure your income and assets are protected. Also, for homeowners coverage it’s important to review your policy regularly. The Dwelling Coverage will pay up to that limit amount. A lot of times people buy insurance and forget it. If you haven’t adjusted the dwelling coverage in many years you may be underinsured on the dwelling. I hope this helps with coverage!

@bellanewler6611

2 жыл бұрын

how to determine the net dollars each policy guarantee to provide from different companies, year after year? where to find that data?

@huntermckee2926

2 жыл бұрын

@@bellanewler6611 Your policy will state the coverage limits in dollar amounts. You can find your policy limits on the declaration page.

Hi Ryan, Thank you very much for a wonderfully informative video. Please keep up the good work!

@TheFrugalAnalyst

4 жыл бұрын

Thanks Ankur

Great informative video!

Hey Ryan! Great video to teach people how to be smart. I'd like to suggest two things. One for you personally, if you do really have a TESLA and own a home, look into increasing your liability coverage on auto and adding an umbrella liability policy. Nothing worse than seeing people trying to save on their monthly budget go bankrupt because they were skimping on the big picture coverage. Your policy would only cover another persons vehicle(s) for up to $25k, and as a TESLA owner you know $25k doesn't cover half of the newer cars out there. Second, Independent insurance agents (brokers) work with several companies and have software technology that they pay for to help shop rates for their clients all the time, very efficiently. It's why financial gurus like Dave Ramsey suggest using an independent agent, not only for advice, but for options in coverage/price.

@TheFrugalAnalyst

3 жыл бұрын

Changed my property damage from 25k to 50k per your suggestions - added 9 bucks a year! Thanks James.

Thanks for sharing

Awesome video with lots of useful dollar-saving, and time-saving Info. 👍🏽 Thank you! Keep up the great work. 🏆

@TheFrugalAnalyst

3 жыл бұрын

Thanks!

Very informative. Thank you

Thank you, I appreciate all your recommendations, I will put in practice

@TheFrugalAnalyst

2 жыл бұрын

Thanks for watching!

Thanks good info

Thanks for your share ❤

Thanks for the awesome video. I will call American National on Monday

Awesome !. Thanks for the Great Information. !

wesome video with lots of useful dollar-saving, and time-saving Info.

Thank you very much for a wonderfully informative video

Hi Everyone, I am a licensed Insurance agent and if anyone has any questions please feel free to reach out regarding any insurance needs. Great video keep up the great work!

this helped a lot man! I'm closing on a home in a few weeks and stressing looking for home insurance quotes...and then considering if i should be quoting a bundle (current with Geico for Auto)

@TheFrugalAnalyst

2 жыл бұрын

have to compare rates... geico for me is expensive for home, but good for car insurance.

Thanks dude.

good info

I agreed with you about switching insurance company every 3 to 4 years. These insurance companies are blood thirsty. I don't like to switch insurance, but it makes me doing it. I used to have AllState for many years and my premium keeps rising. Then, go to Liberty Mutual, then Hartford (1st Insurance company that comes to my home and take photos inside and out), now with AAA. I'm about to change AAA. My wife and I used to pay about $2500 a year for auto. Then, adding my daughter into policy. it jumps to $4100 a year for 4 cars. Then adding my son. Now I paid $4800 a year just for 4 cars in DC metro area. I want to find an insurance that does't increase much and maintain my policy for a long time. So far, these crook companies hook me a low for 1st year then keeps increasing. Last week AAA sent me a check for $140 back for not driving much during COVID-19. Dang, it's a lot where I paid them $4200 last year.

@TheFrugalAnalyst

4 жыл бұрын

It is like a numbers game where on average, good drivers will lose money.

@rleonaf

Жыл бұрын

I so agree these blood thirsty insurance companies are really getting over on people I am tired of having to shop around every year because these insurance companies are sneaky and like to raise the cost on you thinking you wont decline because you're too busy to shop around. I hate how State Farm sent my insurance bill to my mortgage company before contacting me first to discuss the new premium cost and if its something I want to move forward on just a sucky world we live in....

Hello Ryan, each time I try to get quotes on line, they send me the same stuff to re fill out. It can be frustrating. I always end up calling....

Hi can you give me some spiel how to deliver from the clients about home and auto insurance. Thank you

Thank you for the informative video, The Frugal Analyst. There are numerous online platforms for obtaining Auto and Home Quotes. It facilitates comparison. I recently read insurancehumanity, a blog about auto insurance. It contains informative articles on a variety of Auto Insurance topics. I found the following topics to be useful: How auto insurance premium are calculated? Impact of Points on Your Licence on Car Insurance Premium How to save money on your auto insurance?

hi rayan .thank you for the useful video. a question plz : is it safe to wright your personal information on an online website to compare the quotes from different companies?? if yes,do you recommend any website ? THANK YOU

As the notorious frugal analyst what do you think about investing. Do you invest? I have 10k saved if you were me what category would you invest in and how much? I know you cant tell me exactly what to invest in im just looking for some sort of direction. Thank you!

@TheFrugalAnalyst

3 жыл бұрын

I've been thinking about investing for the last year. I will make sure to make a video on it. In general, the waterfall for me is to 1. invest in yourself 2. invest in what you know 3. invest in people you trust 4. invest in the markets. If you have invested all you can in the first 3 and have money not doing anything.... there is nothing wrong with using index funds to invest in sp 500. I outlined some high level research here: kzread.info/dash/bejne/nWthk5Wuori0YJM.html&ab_channel=TheFrugalAnalyst

I called about 10 state farms in my area. Every. single. one. gave a different price, for the exact same information I gave them. Really amazing. Questioning why this is, they become annoyed and dismissive. Makes no sense.

@SamanthaSweetAnne

Жыл бұрын

Maybe some are willing to take less commission?

@donttread5414

Жыл бұрын

@@SamanthaSweetAnne maybe thats how it works in the backend but I wouldnt know, everyone was cold when I questioned they were charging more then the same state farm down the road

@SamanthaSweetAnne

Жыл бұрын

@@donttread5414 who did you end up going with?

You don't get PIP coverage?

Most people think all the insurances are the same, so the cheapest is the best. I personally think this mass way of shopping around is wasting the labors and resources in the society. By looking at the coverage in the screen, they are not good policies for risk management. People's situations keep changing. I would prefer finding an independent, reliable and professional agent to get customized policies with good value, and stay with the agent for a while. And it is important to have an annual review of the policies to meet the constant changing situations.

@TheFrugalAnalyst

4 жыл бұрын

Fair point. The coverage definitions are usually not explained well.

Can you share the spreadsheet?

Sorry but yes it is cheaper but how much does your insurance cover if you need it . That what important you have cheap home insurance and you have a fire and your house burns down . How much are you stuck with including your burn house.

@TheFrugalAnalyst

3 жыл бұрын

Ed, my old insurance increased my coverage by 10% and increased the price by 100%... it seems like they are getting greedy...

Safe yourselves a headache and don't use allstate, after the freeze in Texas last year they didn't want to pay and after my home got destroyed like 70% they wanted to pay 11000 to repair the damage and same happens to 2 of my friends, I'm currently looking for something else.

Wtf where live??! You pay 58 a month?!!!! I pay $150 I’m 29 in California and I drive like 100 miles a month or less. Wtf

@TheFrugalAnalyst

3 жыл бұрын

San Diego. Are you paying 150$ per month for one car? 100 miles/month or less? that sounds like a huge number

The Agent was asking for Insurance declaration form for a quote?? Is that a red flag

@TheFrugalAnalyst

2 жыл бұрын

I think the agent just wants to copy your coverage and give you a quote based on the declaration?

Aflac Has left the video

What is your input on this information they were mentionedto me. BI = Bodily injury 50/100, 100/300, 250/500 PD = Property damage 25,000 50,000 100,000 UM = Un-insured motorist 50/100 - 250/500 UMPD = Un-insured property damage, the value of the car UIM = Under-insured motorist 50/100 - 250/500 UIMPD = Under-insured motorist property damage, the value of the car Medical payments = $5,000 + Comprehensive = $100 - $500 deductible Collision = $250 - $1,000 deductible 1) Don't assume that one company is the cheapest 2) Don't ignore your local companies 3) Your credit matters 4) Consider insurance costs before purchasing a vehicle 5) Check for discounts 6) If you have a clunker car you might not want some options on your insurance 7) Raise your deductibles 8) Consider usage-based Insurance 9) Location matters 10) Driving history 11) The amount you pay up-front matters

@TheFrugalAnalyst

Жыл бұрын

Great 11 point summary!

The worst is Liberty mutual

Aflac Missed

LOL drives a Tesla/Mercedes and has $50k bodily injury liability hahaha. Please guys, don't take advice from this guy. You could have quadruple that coverage for about $5/mo. more.

@TheFrugalAnalyst

3 жыл бұрын

Thanks for the suggestion. I upped my bodily coverage. The video is about comparing quotes, so I am not an expert in each coverage item. Thanks for the comment