Looking for a way to cut expenses?

I'm sure most of us are feeling the pinch in this economy right now. I know, we are constantly looking for ways to reduce our monthly expenses. For months, I have had on my always lengthy to-do list to shop around for insurance.

We have been with the same insurance company for 8 years. And I had heard you should shop around every 2 years. After consulting Clark Howard's website, I found that the company I was with was ranked the 4th worst insurance company! And they are a major brand. I had thought for a long time that we paid way too much for insurance. But I had no idea how much we were overpaying!

The internet makes it so easy to shop around. Within only 1 hour, I was able to see that many companies offered great coverage for a lot less than we were paying. We ended up switching our car insurance and were able to save $1,000/year! I was shocked. We were paying more than 3 times what we should have been paying and we were receiving less coverage. Our previous company had some of our limits at state minimum requirements. Our new company quoted much higher limits and we are paying 1/3 of what we were paying.

So if you are looking for a way to save some money, try shopping around for new insurance and see what kind of deals you can find!