My wife and I had an interesting conversation this weekend about our year of battling with the cost of insurance.
Our auto insurance company notified us in the fall that we would be facing a 25% premium increase. As a result, Ann started pounding the phone and got auto insurance quotes for our family of five drivers and four cars. The rates ranged from $4,000 to $10,000 for one year. Yes, all based on exactly the same coverage. In the end we took the $4,000 option which not only avoided the 25% increase with our current carrier, but we got a 20% discount from the rate we had been paying.
We were notified several weeks ago that we would have an increase in our homeowner’s insurance. The annual premium was due on Feb 1, so Ann got on the phone again and after a few phone calls she found a policy for 30% less than what we had been paying. Yes, the same exact coverage with a similarly rated insurance company.
I had already personally dropped off my wife’s health insurance policy that she has with her employer last year. This fall we moved our adult children to Christian medical sharing, as well. The result: we are saving about $400 monthly (after factoring in the cost of the medical sharing plan as a replacement).
Of course, we have a ton of information on this site on how to structure you insurance policies to get the most for your money. Consider my own examples of saving money in recent months by doing nothing more than making a few phone calls. We are not talking hundreds here, but thousands, by simply comparison shopping. Insurance companies will take your hard earned money; it is up to you to give them as little as possible, while still maintaining an adequate amount of coverage based on your situation.
James L. Paris
Although it honestly would not have been a tragedy to miss it, my wife and I wanted to watch the Super Bowl just for the halftime show and the commercials. The game was of little interest to us. Since I dropped cable TV several months ago, I was scrambling to find a way to watch the big game. Of course, those that have followed my overall strategy on dropping cable would likely have access to a local Fox channel with an over-the-air antenna. In my own case, we have had issues with getting a consistently good signal with an antenna. This is due to the fact that Palm Coast, FL is not really in close proximity to a major city.
One other option to get regular network TV is the $8 per month option through Aereo TV. Bad news again for me again, as Aereo is not available in my area. It is coming soon to Orlando and I will be among the first to sign up. I did learn that the Super Bowl would be streamed over the Internet; there may have been a Roku channel that was streaming it, but I could not find one.
Chromecast To The Rescue
I purchased a Chromecast device for $35 about a month ago as a supplement to my Roku. I have gotten plenty of use out of my Chromecast so far, and it allowed me to take the Internet stream of the Super Bowl and move it to my large screen TV in HD. So, that is how I watched the Super Bowl without cable. Where there’s a will there’s a way.
Honestly, I don’t think it will be much longer until we will see a robust TV option that literally represents a knockout blow to cable. In fact, one rumor swirling right now is that Amazon has such a service in development for release later this year. I think the Chromecast device is an excellent supplement, however, for Roku users who, like me, have dumped cable.
James L. Paris
My wife laughed this morning when she saw our monthly phone bill of $1.83. We have free home phone service, but this is a government fee that we have to pay for having it. A little crazy to have to pay a tax on free home phone service, but I guess I can live compared to the $20 to $30 a month that most people pay.
If you have not yet reviewed the bonus report on how to switch over to OOMA, take a minute and do so today. I also noticed the the cost of OOMA is now down below $150 at Amazon.
James L. Paris