1 00:00:00,120 --> 00:00:03,240 Speaker 1: Welcome to How to Money. I'm Joel and I'm Matt, 2 00:00:03,440 --> 00:00:06,640 Speaker 1: and today we're discussing saving big on your car and 3 00:00:06,720 --> 00:00:28,480 Speaker 1: home insurance. It's right, Joel, We're gonna be talking about insurance, 4 00:00:28,600 --> 00:00:31,520 Speaker 1: car insurance, home insurance. Yeah. Really in this episode, Matt, 5 00:00:31,560 --> 00:00:34,080 Speaker 1: it's a bunch of tips and tricks to potentially save 6 00:00:34,200 --> 00:00:37,600 Speaker 1: hundreds of dollars a year on in particular car insurance. 7 00:00:37,600 --> 00:00:39,400 Speaker 1: That's gonna be the biggest thing that we focus on, 8 00:00:39,640 --> 00:00:42,760 Speaker 1: but it bundles often with home insurance or renters insurance. 9 00:00:42,800 --> 00:00:45,200 Speaker 1: And so yeah, we're gonna dive into all that today 10 00:00:45,200 --> 00:00:47,479 Speaker 1: and Joel, but first, while we're on the topic of insurance, 11 00:00:47,520 --> 00:00:49,720 Speaker 1: I wanted to share that I received in the mail 12 00:00:50,240 --> 00:00:54,920 Speaker 1: yesterday from my car insurance provider a notice that stated 13 00:00:55,000 --> 00:00:57,800 Speaker 1: that anytime they reduced the coverage that you receive on 14 00:00:57,840 --> 00:01:01,800 Speaker 1: your insurance, that the state requires that insurance provider to 15 00:01:01,920 --> 00:01:04,679 Speaker 1: notify you as a customer. And so I thought, huh, like, 16 00:01:04,720 --> 00:01:07,520 Speaker 1: what do they decrease and it stated that they are 17 00:01:07,560 --> 00:01:10,280 Speaker 1: no longer going to be offering coverage on the vehicle 18 00:01:10,959 --> 00:01:15,280 Speaker 1: if you're logged into a transportation network platform as in 19 00:01:16,040 --> 00:01:19,600 Speaker 1: Lift or Uber. Okay, isn't that crazy. Uh. And that's 20 00:01:19,680 --> 00:01:22,280 Speaker 1: even if a passenger is not in the vehicle, so 21 00:01:22,319 --> 00:01:25,240 Speaker 1: you can be logged in and maybe you're in between 22 00:01:25,319 --> 00:01:27,800 Speaker 1: rides or I guess maybe specifically they're saying if you're 23 00:01:27,800 --> 00:01:29,880 Speaker 1: on the way to pick up a passenger, like you 24 00:01:29,880 --> 00:01:32,240 Speaker 1: don't even have to have a guest a passenger in 25 00:01:32,280 --> 00:01:34,600 Speaker 1: the vehicle, but they are not gonna be offering coverage, 26 00:01:34,840 --> 00:01:37,640 Speaker 1: which which I thought was crazy. And it also applies 27 00:01:37,680 --> 00:01:40,600 Speaker 1: to car rental or share platforms like Turo, like that's 28 00:01:40,600 --> 00:01:43,160 Speaker 1: one we've mentioned before, or is essentially Airbnb, but for 29 00:01:43,240 --> 00:01:45,200 Speaker 1: your car. If you don't drive your car a lot, 30 00:01:45,240 --> 00:01:47,880 Speaker 1: you can put it up for rent essentially and focusing 31 00:01:48,000 --> 00:01:49,760 Speaker 1: you know, they show up and they can drive off 32 00:01:49,760 --> 00:01:52,800 Speaker 1: in your car. But that totally caught me off guard, 33 00:01:52,960 --> 00:01:54,840 Speaker 1: not because I drive for any of those apps, but 34 00:01:54,880 --> 00:01:56,440 Speaker 1: it's because I know a lot of people do drive 35 00:01:56,440 --> 00:01:58,320 Speaker 1: for Uber and Lift and certainly a lot of them 36 00:01:58,360 --> 00:02:01,720 Speaker 1: have Nationwide insurance. Yeah, and Nationwide is probably not the 37 00:02:01,760 --> 00:02:04,120 Speaker 1: only insurer doing this. I feel like this is going 38 00:02:04,160 --> 00:02:06,160 Speaker 1: to happen more and more. You're gonna get a notice 39 00:02:06,200 --> 00:02:09,840 Speaker 1: in the mail because ensuring for rideshare drivers is a 40 00:02:09,919 --> 00:02:13,320 Speaker 1: much bigger deal than just ensuring for people driving to 41 00:02:13,520 --> 00:02:15,919 Speaker 1: and from work doing kind of their normal regular driving. 42 00:02:16,160 --> 00:02:17,839 Speaker 1: Insurance is going to change a lot in the coming 43 00:02:17,880 --> 00:02:20,040 Speaker 1: years too, and we'll talk a little bit later on 44 00:02:20,240 --> 00:02:23,160 Speaker 1: in the podcast about insurers that track your mileage and 45 00:02:23,240 --> 00:02:26,920 Speaker 1: bill according to how much you actually drive. But I 46 00:02:26,960 --> 00:02:30,120 Speaker 1: think this is gonna become standard, and it, honestly, in 47 00:02:30,120 --> 00:02:32,080 Speaker 1: my opinion, it makes sense for an insure to say, 48 00:02:32,360 --> 00:02:34,600 Speaker 1: you know what, We're willing to ensure people for driving 49 00:02:34,919 --> 00:02:37,560 Speaker 1: in a regular fashion, but we're just not willing to 50 00:02:37,680 --> 00:02:40,720 Speaker 1: ensure you in the same way if you are making 51 00:02:40,760 --> 00:02:43,040 Speaker 1: a business out of driving your car. To me, that 52 00:02:43,120 --> 00:02:46,079 Speaker 1: just makes sense. Chedule, I mean, that does make sense. 53 00:02:46,320 --> 00:02:49,040 Speaker 1: I totally get it right, because essentially before you're rolling 54 00:02:49,360 --> 00:02:53,720 Speaker 1: a business expense into your private personal auto insurance, that's 55 00:02:53,720 --> 00:02:55,760 Speaker 1: just something to be aware of though and be away 56 00:02:55,840 --> 00:02:58,360 Speaker 1: of if you are driving for Uber and left, just 57 00:02:58,440 --> 00:03:00,840 Speaker 1: to know that that's probably no longer going to be 58 00:03:00,880 --> 00:03:04,760 Speaker 1: covered automatically. There are a lot of coverage options though 59 00:03:04,800 --> 00:03:08,000 Speaker 1: with most insurance providers, where you can get additional coverage 60 00:03:08,280 --> 00:03:10,639 Speaker 1: that does cover that. But again, I just want to 61 00:03:10,639 --> 00:03:12,240 Speaker 1: make sure that you are aware of that if you 62 00:03:12,280 --> 00:03:14,520 Speaker 1: are driving and just don't assume that things were going 63 00:03:14,560 --> 00:03:17,120 Speaker 1: to continue on the way that they've been or that 64 00:03:17,200 --> 00:03:19,840 Speaker 1: you're covered right now, because you might not be. And 65 00:03:19,919 --> 00:03:22,679 Speaker 1: so yeah, just be aware and make sure you look 66 00:03:22,680 --> 00:03:25,800 Speaker 1: into what you're actually covered for if you are driving. 67 00:03:26,240 --> 00:03:28,839 Speaker 1: I think it's yeah, an important takeaway for sure. More 68 00:03:28,919 --> 00:03:32,440 Speaker 1: stimulating insurance talk just around the corner map. But first 69 00:03:32,520 --> 00:03:35,040 Speaker 1: let's get into the beer that we're drinking today. Yeah, Jill, 70 00:03:35,040 --> 00:03:38,480 Speaker 1: our beer for this episode is from Anthem Brewing Company 71 00:03:38,560 --> 00:03:42,440 Speaker 1: and this was sent in by PSI in Oklahoma City. 72 00:03:42,840 --> 00:03:45,320 Speaker 1: He actually reached out of via Instagram. You shot us 73 00:03:45,320 --> 00:03:46,840 Speaker 1: a quick little message there. I wanted to send us 74 00:03:46,840 --> 00:03:49,760 Speaker 1: some beer. Thanks. I appreciate it man. Yeah, him, I've 75 00:03:49,800 --> 00:03:51,680 Speaker 1: already had a couple of SIPs. This is really good. 76 00:03:52,360 --> 00:03:55,560 Speaker 1: A really odd name, your robe burows. Yeah. We actually 77 00:03:55,600 --> 00:03:57,800 Speaker 1: looked it up on the on the pronunciation and we 78 00:03:57,800 --> 00:04:02,440 Speaker 1: came across two pronunciations, you're a burrows or your oburrows, 79 00:04:02,960 --> 00:04:04,960 Speaker 1: which I've never heard of this term before. Yeah, I 80 00:04:05,000 --> 00:04:07,360 Speaker 1: guess it's It means that there's a picture of it 81 00:04:07,640 --> 00:04:10,240 Speaker 1: the snake eating its own tail on the label of 82 00:04:10,240 --> 00:04:13,160 Speaker 1: of this beer. But to the style, this is definitely 83 00:04:13,200 --> 00:04:15,760 Speaker 1: a Stalt. It poured nice and black, and we will 84 00:04:15,800 --> 00:04:17,359 Speaker 1: get to our tasting notes and our thoughts on this 85 00:04:17,440 --> 00:04:19,760 Speaker 1: beer at the end of the episode, no doubt, But 86 00:04:20,040 --> 00:04:22,960 Speaker 1: onto the topic at hand, Matt and the problem with 87 00:04:23,120 --> 00:04:25,559 Speaker 1: home and car insurance is that it's a big pain 88 00:04:25,680 --> 00:04:28,640 Speaker 1: for people, at least in their mind, to to shop, 89 00:04:29,000 --> 00:04:30,919 Speaker 1: and so what they do is they avoid it and 90 00:04:30,920 --> 00:04:33,600 Speaker 1: they pay too much. Car and home insurance is one 91 00:04:33,600 --> 00:04:35,760 Speaker 1: of those things that can sneak up on you. It 92 00:04:35,839 --> 00:04:38,040 Speaker 1: can cost you too much. And it's also one of 93 00:04:38,080 --> 00:04:41,800 Speaker 1: those things that if your homeowners insurance is taken out 94 00:04:41,800 --> 00:04:43,760 Speaker 1: of your escrow account, you might not even know how 95 00:04:43,839 --> 00:04:46,440 Speaker 1: much you're paying year to year. And that's a problem 96 00:04:46,480 --> 00:04:49,520 Speaker 1: because you might be paying hundreds of dollars more than 97 00:04:49,720 --> 00:04:51,800 Speaker 1: you should be paying. And we all know that Geico 98 00:04:51,880 --> 00:04:54,520 Speaker 1: has those catchy commercials that fifteen minutes could save you 99 00:04:54,560 --> 00:04:58,239 Speaker 1: fifteen or more on car insurance, right, and that could 100 00:04:58,240 --> 00:05:00,400 Speaker 1: be true, that Geico could save you money. It was 101 00:05:00,400 --> 00:05:03,120 Speaker 1: definitely true for me and Kate. Oh good, nice, all right, 102 00:05:03,480 --> 00:05:05,560 Speaker 1: like ten years ago, but we switched over to Geico 103 00:05:05,600 --> 00:05:08,560 Speaker 1: and we were saving like twenty man. It was huge, nice, 104 00:05:08,600 --> 00:05:11,760 Speaker 1: all right, But it's so depends on your individual situation, 105 00:05:11,839 --> 00:05:13,440 Speaker 1: and we'll get to that a little bit further on, 106 00:05:13,720 --> 00:05:16,640 Speaker 1: But the truth is that fifteen minutes could really save 107 00:05:16,680 --> 00:05:19,200 Speaker 1: you a bundle. If you're willing to shop with a 108 00:05:19,279 --> 00:05:23,080 Speaker 1: lot of different potential insurance companies, that is where you're 109 00:05:23,080 --> 00:05:25,200 Speaker 1: going to find the biggest savings. That's right, not just 110 00:05:25,240 --> 00:05:28,000 Speaker 1: with Geico, but with all the providers, Man and Joel. 111 00:05:28,040 --> 00:05:30,920 Speaker 1: Before we dive into the details, let's talk quickly about 112 00:05:31,000 --> 00:05:34,000 Speaker 1: how you should be thinking about insurance, how you should 113 00:05:34,000 --> 00:05:37,320 Speaker 1: be using it um and that is that insurances for 114 00:05:37,480 --> 00:05:40,520 Speaker 1: major accidents or incidents at home, the goal should be 115 00:05:40,680 --> 00:05:44,400 Speaker 1: to not use your insurance at all. Hopefully you have 116 00:05:44,560 --> 00:05:47,240 Speaker 1: enough money set aside that you can cover small incidents, 117 00:05:47,279 --> 00:05:49,000 Speaker 1: small little repairs that need to be made to your 118 00:05:49,080 --> 00:05:51,600 Speaker 1: vehicle or to your house. You're not gonna use and 119 00:05:51,640 --> 00:05:53,479 Speaker 1: tap into your insurance. You're not gonna make a claim 120 00:05:53,600 --> 00:05:56,359 Speaker 1: every time there's a small little thing that happens. I 121 00:05:56,440 --> 00:05:59,240 Speaker 1: learned this personally the hard way. As a teenager. I 122 00:05:59,320 --> 00:06:01,520 Speaker 1: made lots of claims. And I'm not sure if this 123 00:06:01,600 --> 00:06:03,800 Speaker 1: is because you know, my parents didn't mention this to me, 124 00:06:04,279 --> 00:06:06,479 Speaker 1: or more than likely they did mention it, and I 125 00:06:06,520 --> 00:06:08,960 Speaker 1: was not listening because I was an idiot when I 126 00:06:09,000 --> 00:06:12,440 Speaker 1: was younger. But I hit multiple deer driving as a 127 00:06:12,440 --> 00:06:15,120 Speaker 1: teenager or my freshman year in college as well, and 128 00:06:15,160 --> 00:06:17,560 Speaker 1: so obviously I had the repairs made when that happened, 129 00:06:17,560 --> 00:06:19,359 Speaker 1: because it smashed up the front of the car. Have 130 00:06:19,440 --> 00:06:21,000 Speaker 1: you ever hit a deer or anything big like that? No, 131 00:06:21,120 --> 00:06:22,719 Speaker 1: I came close to one time on the interstate. It 132 00:06:22,760 --> 00:06:24,720 Speaker 1: was freaky. Both times were on the well No, one 133 00:06:24,760 --> 00:06:26,279 Speaker 1: time was on the Interstate, the other time was on 134 00:06:26,279 --> 00:06:28,919 Speaker 1: a highway. But either either way, it really messed up 135 00:06:28,920 --> 00:06:31,040 Speaker 1: my car. And then so I made claims there. I 136 00:06:31,080 --> 00:06:34,400 Speaker 1: made claims with two separate windshield cracks separate from those 137 00:06:34,440 --> 00:06:37,479 Speaker 1: deers as well. Windshield crack yeah, which is the worst 138 00:06:37,480 --> 00:06:39,840 Speaker 1: because that's really not that much money to repair. And 139 00:06:39,880 --> 00:06:41,800 Speaker 1: I said, oh, let me pay that hundred bucks. And 140 00:06:41,800 --> 00:06:44,039 Speaker 1: how that repaired for me for free is what I thought. 141 00:06:44,240 --> 00:06:46,240 Speaker 1: And so I got kicked up, so this high risk 142 00:06:46,279 --> 00:06:48,839 Speaker 1: bracket and then my insurance rates shot through the roof 143 00:06:48,880 --> 00:06:51,000 Speaker 1: and I got booted off my parents playing because I 144 00:06:51,040 --> 00:06:53,039 Speaker 1: had to get my own. Do not do what I 145 00:06:53,080 --> 00:06:55,599 Speaker 1: did when I was younger. Learned from my mistakes. Yeah, 146 00:06:55,640 --> 00:06:58,680 Speaker 1: So the average boost in premium when you get into 147 00:06:58,720 --> 00:07:02,120 Speaker 1: an accident and you file a claim is for which 148 00:07:02,240 --> 00:07:06,080 Speaker 1: I thought was incredibly staggering. Yeah, staggering for sure. So 149 00:07:06,120 --> 00:07:08,480 Speaker 1: if you're paying, let's say a thousand dollars a year 150 00:07:08,839 --> 00:07:12,040 Speaker 1: on your car insurance premium, you're gonna be paying pretty 151 00:07:12,080 --> 00:07:15,679 Speaker 1: quickly after one claim four a year. And that increased 152 00:07:15,720 --> 00:07:19,320 Speaker 1: premium isn't just for one year, It's probably for three 153 00:07:19,400 --> 00:07:23,000 Speaker 1: to five years, depending on how long of a look 154 00:07:23,040 --> 00:07:27,080 Speaker 1: back period you're insurer has. So avoiding unnecessary claims is huge. 155 00:07:27,320 --> 00:07:31,559 Speaker 1: Insurance truly is for the catastrophic. Uh. It is for 156 00:07:31,640 --> 00:07:35,080 Speaker 1: a major accident, not for a windshield repair, not for 157 00:07:35,280 --> 00:07:39,520 Speaker 1: minor damage at your house. It really is for something catastrophic. So, Matt, 158 00:07:39,600 --> 00:07:42,240 Speaker 1: let's get into these tactics the best ways that we 159 00:07:42,280 --> 00:07:45,800 Speaker 1: can save money on our car and homeowners insurance. All right, 160 00:07:45,800 --> 00:07:47,360 Speaker 1: So the first thing that we want to make sure 161 00:07:47,560 --> 00:07:51,400 Speaker 1: you're doing is to bundle your insurance policies. Typically, if 162 00:07:51,440 --> 00:07:53,560 Speaker 1: you have your policies all under one roof with a 163 00:07:53,560 --> 00:07:56,400 Speaker 1: single company, that will give you the best rate. Versus 164 00:07:56,440 --> 00:07:58,600 Speaker 1: if you have, you know, multiple plans kind of scattered 165 00:07:58,600 --> 00:08:01,160 Speaker 1: throughout with different companies, you're gonna you know, typically you'll 166 00:08:01,160 --> 00:08:03,520 Speaker 1: be paying more, and this can be with your home 167 00:08:04,000 --> 00:08:06,880 Speaker 1: or your inners insurance, with your auto insurance, you don't 168 00:08:06,880 --> 00:08:09,720 Speaker 1: necessarily have to have a homeowners policy in order to 169 00:08:09,720 --> 00:08:12,120 Speaker 1: get that multi line discount. Yeah. The next big thing 170 00:08:12,200 --> 00:08:14,680 Speaker 1: is you want to shop around. This is literally the 171 00:08:14,920 --> 00:08:17,920 Speaker 1: biggest thing. This is gonna save you the most possible money. 172 00:08:18,160 --> 00:08:21,400 Speaker 1: So every year or two, you're gonna want to shop 173 00:08:21,520 --> 00:08:24,920 Speaker 1: your rate with multiple insurance providers. And shopping for insurance 174 00:08:24,960 --> 00:08:27,400 Speaker 1: sadly has not become as consumer friendly as a lot 175 00:08:27,440 --> 00:08:30,440 Speaker 1: of other things. But the thing I found, actually it's 176 00:08:30,480 --> 00:08:33,480 Speaker 1: a kind of a recent occurrence. Policy Genius, which is 177 00:08:33,480 --> 00:08:35,640 Speaker 1: a site that that we like for shopping for term 178 00:08:35,679 --> 00:08:39,240 Speaker 1: life insurance. They recently launched a shopping tool on their 179 00:08:39,280 --> 00:08:41,520 Speaker 1: site and you actually call and talk to a human. 180 00:08:41,920 --> 00:08:45,360 Speaker 1: They ask for your specific coverage needs and you kind 181 00:08:45,360 --> 00:08:47,719 Speaker 1: of walk through that with them. Then they get your 182 00:08:47,760 --> 00:08:51,960 Speaker 1: specific current insurance policy details, and then they shop it around. 183 00:08:52,160 --> 00:08:55,200 Speaker 1: They're kind of like an insurance broker, but doing it 184 00:08:55,240 --> 00:08:58,160 Speaker 1: on a national level. Yeah, like broker two point oh yeah. Yeah, 185 00:08:58,240 --> 00:09:00,280 Speaker 1: So it's really cool. I went through the pro test 186 00:09:00,440 --> 00:09:03,079 Speaker 1: and it turned out that my current coverage was better 187 00:09:03,160 --> 00:09:06,080 Speaker 1: than anything they could offer, which I've done some extensive 188 00:09:06,080 --> 00:09:08,640 Speaker 1: shopping in recent years, so I figured that was that 189 00:09:08,720 --> 00:09:10,680 Speaker 1: might be the case. But it's kind of cool. Policy 190 00:09:10,760 --> 00:09:13,520 Speaker 1: Genius has this awesome tool and I'd recommend anyone to 191 00:09:13,600 --> 00:09:16,480 Speaker 1: check it out for sure as an easy way to shop. 192 00:09:16,800 --> 00:09:18,760 Speaker 1: Nice man, that's awesome. When you were talking with him, 193 00:09:18,800 --> 00:09:21,040 Speaker 1: I mean, what were they comparing, like the bundled rates 194 00:09:21,160 --> 00:09:23,360 Speaker 1: to the bundled rate that you have with your car 195 00:09:23,400 --> 00:09:26,800 Speaker 1: and homeowners Yeah, exactly, yep, Nice, I mean, honestly, I 196 00:09:26,840 --> 00:09:28,800 Speaker 1: think that's what takes the most time. I mean, that's 197 00:09:28,800 --> 00:09:30,640 Speaker 1: part of why I haven't shot mine maybe in the 198 00:09:30,640 --> 00:09:33,200 Speaker 1: past couple of years, is having to take those multiple 199 00:09:33,240 --> 00:09:35,839 Speaker 1: policies and then kind of totaling you know, your premiums 200 00:09:36,080 --> 00:09:39,880 Speaker 1: with multiple lines that you have. It just adds additional steps. 201 00:09:39,880 --> 00:09:42,200 Speaker 1: And when you have investment properties as well, that's something 202 00:09:42,320 --> 00:09:44,560 Speaker 1: that it kind of seems like gets the paint in 203 00:09:44,559 --> 00:09:46,559 Speaker 1: the butt, but can totally be worth the time and 204 00:09:46,600 --> 00:09:48,720 Speaker 1: effort that you put into it to save you know, hundreds, 205 00:09:48,760 --> 00:09:52,040 Speaker 1: not just once but every single year. And I am 206 00:09:52,040 --> 00:09:55,440 Speaker 1: preaching to myself right now, so let's move on. Yeah, 207 00:09:55,440 --> 00:09:58,120 Speaker 1: So one thing on the shopping that's really important is 208 00:09:58,240 --> 00:10:01,120 Speaker 1: you're not is if you're looking at getting coverage for 209 00:10:01,320 --> 00:10:04,000 Speaker 1: multiple different assets like a home and a car, well, 210 00:10:04,040 --> 00:10:07,680 Speaker 1: you're looking for the cheapest overall coverage. So if the 211 00:10:07,800 --> 00:10:12,320 Speaker 1: homeowners insurance is really cheap on with one insure, but 212 00:10:12,400 --> 00:10:15,480 Speaker 1: the car insurance is really expensive with that same insure, 213 00:10:15,760 --> 00:10:17,679 Speaker 1: that might not be the best one. You're looking kind 214 00:10:17,679 --> 00:10:20,800 Speaker 1: of for that sweet spot of the insurer that offers 215 00:10:20,880 --> 00:10:25,240 Speaker 1: the overall lowest rate with decent coverage provided. Yes, yeah, 216 00:10:25,240 --> 00:10:27,000 Speaker 1: that's so key. I mean so with in my case, 217 00:10:27,160 --> 00:10:30,320 Speaker 1: my car insurance is actually pretty expensive compared to what 218 00:10:30,400 --> 00:10:32,800 Speaker 1: I know I can get maybe on more on the 219 00:10:32,840 --> 00:10:36,199 Speaker 1: open market, right, but I get such a freaking great 220 00:10:36,240 --> 00:10:38,680 Speaker 1: deal when it comes to my dwelling fire policies, which 221 00:10:38,720 --> 00:10:41,920 Speaker 1: is what I have for investment properties, that it makes 222 00:10:41,920 --> 00:10:44,679 Speaker 1: it worth it to stick with that plan rather than 223 00:10:44,760 --> 00:10:47,520 Speaker 1: shop off that car insurance somewhere else, because they require 224 00:10:47,559 --> 00:10:50,160 Speaker 1: that car insurance to stick around basically to offset the 225 00:10:50,160 --> 00:10:52,560 Speaker 1: low prices that they're able to offer for the dwelling 226 00:10:52,559 --> 00:10:55,199 Speaker 1: fire policies. So yeah, like you said, Jell, you want 227 00:10:55,200 --> 00:10:57,880 Speaker 1: to look at the total cost and not just the individuals, 228 00:10:57,880 --> 00:11:00,240 Speaker 1: because obviously you got to keep those clumped to other 229 00:11:00,360 --> 00:11:02,559 Speaker 1: to get that multi line discount. Yeah, and when we're 230 00:11:02,559 --> 00:11:05,480 Speaker 1: talking about pricing, well, it varies widely from person to 231 00:11:05,559 --> 00:11:08,559 Speaker 1: person depending on lots of factors. That's why shopping is 232 00:11:08,880 --> 00:11:11,800 Speaker 1: such a key part of this. Different insurers have different 233 00:11:11,840 --> 00:11:15,120 Speaker 1: algorithms that determine how much you're gonna pay for insurance. 234 00:11:15,520 --> 00:11:18,040 Speaker 1: Some of those factors could be your credit, your age, 235 00:11:18,320 --> 00:11:20,920 Speaker 1: your sex, zip code, all of those things are going 236 00:11:20,960 --> 00:11:22,920 Speaker 1: to change the price that you're gonna pay for insurance. 237 00:11:23,120 --> 00:11:26,040 Speaker 1: Interestingly enough, Matt, I saw an article recently about how 238 00:11:26,400 --> 00:11:29,280 Speaker 1: just a change in one zip code over can have 239 00:11:29,480 --> 00:11:32,080 Speaker 1: massive impacts on what you pay for insurance. That's just 240 00:11:32,120 --> 00:11:34,880 Speaker 1: something that's important to know that that even something as 241 00:11:34,880 --> 00:11:37,280 Speaker 1: simple as moving one zip code over can have a 242 00:11:37,320 --> 00:11:39,640 Speaker 1: major impact on what you pay for insurance. Yeah, and 243 00:11:39,640 --> 00:11:41,000 Speaker 1: I know a lot of folks have heard of the 244 00:11:41,559 --> 00:11:43,200 Speaker 1: thing that once you hit twenty five years old, how 245 00:11:43,240 --> 00:11:46,640 Speaker 1: your car insurance rates drop. That is true. However, it's 246 00:11:46,679 --> 00:11:48,840 Speaker 1: true that it continues to drop as well. It's not 247 00:11:48,880 --> 00:11:51,120 Speaker 1: that once you hit twenty five it's this magical number. 248 00:11:51,160 --> 00:11:53,920 Speaker 1: Like certainly if you're a mail driver, your car insurance 249 00:11:53,920 --> 00:11:56,680 Speaker 1: premiums will drop, But Yeah, they will continue to drop 250 00:11:56,720 --> 00:11:59,880 Speaker 1: typically until the age of thirty four, at which point 251 00:11:59,880 --> 00:12:02,440 Speaker 1: it kind of kind of levels out. So don't expect 252 00:12:02,480 --> 00:12:04,960 Speaker 1: to see like an overnight change as soon as you 253 00:12:05,000 --> 00:12:08,079 Speaker 1: turn twenty five. But certainly as you grow up, you 254 00:12:08,080 --> 00:12:10,160 Speaker 1: get older, you get a little bit wiser and make 255 00:12:10,240 --> 00:12:13,040 Speaker 1: less reckless decisions when you're behind the wheel. I'm glad 256 00:12:13,080 --> 00:12:15,320 Speaker 1: I'm rewarded for being a much smarter driver than I 257 00:12:15,400 --> 00:12:17,840 Speaker 1: was when I was a teenager. Yes, so much more 258 00:12:17,880 --> 00:12:20,360 Speaker 1: explicit when you're young, that's for sure. And by the way, 259 00:12:20,360 --> 00:12:23,839 Speaker 1: because of those different factors, if one of those major 260 00:12:23,880 --> 00:12:26,960 Speaker 1: factors does change for you, that's just another reason for 261 00:12:26,960 --> 00:12:29,800 Speaker 1: you to get on the ball and to start shopping now. 262 00:12:30,160 --> 00:12:33,400 Speaker 1: So if you did move, or if your credit score 263 00:12:33,440 --> 00:12:35,520 Speaker 1: has had a big bump, or if you've just gotten 264 00:12:35,559 --> 00:12:38,080 Speaker 1: a little bit older, it makes sense to start shopping 265 00:12:38,080 --> 00:12:40,920 Speaker 1: your rates around again because you really don't know what 266 00:12:41,040 --> 00:12:44,160 Speaker 1: factors that your insurance company is waiting more. Maybe there's 267 00:12:44,160 --> 00:12:46,800 Speaker 1: another one out there that finds you more favorable. Now, Yeah, 268 00:12:46,880 --> 00:12:49,079 Speaker 1: I mean that's a huge reason, Joel, why some insurance 269 00:12:49,120 --> 00:12:51,720 Speaker 1: providers might be a great fit for maybe you as 270 00:12:51,720 --> 00:12:54,200 Speaker 1: an individual, But then you know your friend might also 271 00:12:54,240 --> 00:12:56,599 Speaker 1: go to that same provider and they can't get the 272 00:12:56,640 --> 00:12:58,720 Speaker 1: same deal that you can. Well, it's because that they're 273 00:12:58,760 --> 00:13:01,280 Speaker 1: looking at those different factors. So that's definitely something to 274 00:13:01,320 --> 00:13:03,280 Speaker 1: consider that it's not a one size fits all when 275 00:13:03,280 --> 00:13:05,679 Speaker 1: it comes to car insurance. The other thing that you 276 00:13:05,720 --> 00:13:08,000 Speaker 1: want to consider is an insurance broker. And so after 277 00:13:08,000 --> 00:13:10,760 Speaker 1: you've made some calls to you know, different reputable insurance 278 00:13:10,800 --> 00:13:14,640 Speaker 1: companies yourself, look into an independent insurance agent who can 279 00:13:14,679 --> 00:13:17,280 Speaker 1: shop around with multiple companies to see if they can 280 00:13:17,360 --> 00:13:20,199 Speaker 1: get you an even better rate. And you're gonna want 281 00:13:20,200 --> 00:13:22,680 Speaker 1: to take that and compare it to what you found independently, 282 00:13:23,080 --> 00:13:25,160 Speaker 1: and you know what, like, if they find something better, 283 00:13:25,640 --> 00:13:27,880 Speaker 1: give them your business. Yeah, they're gonna be able to 284 00:13:27,880 --> 00:13:30,880 Speaker 1: shop with a lot more companies in a shorter period 285 00:13:30,920 --> 00:13:33,160 Speaker 1: of time. And it's just gonna take you a lot 286 00:13:33,200 --> 00:13:35,640 Speaker 1: of phone calls, a lot of internet research in order 287 00:13:35,679 --> 00:13:38,640 Speaker 1: to kind of get those quotes from other insurance providers. 288 00:13:38,880 --> 00:13:41,480 Speaker 1: So it's obviously good to do a few on your own, 289 00:13:41,520 --> 00:13:44,040 Speaker 1: and then you can ask a local independent agent you 290 00:13:44,080 --> 00:13:46,800 Speaker 1: know what insurers they work with, and then on your 291 00:13:46,800 --> 00:13:50,240 Speaker 1: own shop with maybe a few others, And that's what's 292 00:13:50,240 --> 00:13:52,920 Speaker 1: great about an independent insurance agent is that they're not 293 00:13:52,960 --> 00:13:55,040 Speaker 1: beholding to a specific company, and so you know, they 294 00:13:55,040 --> 00:13:58,480 Speaker 1: don't have any loyalties necessarily with a specific provider. Like 295 00:13:58,520 --> 00:14:00,760 Speaker 1: we said, they're looking to provide you with the lowest rate, 296 00:14:01,160 --> 00:14:02,719 Speaker 1: and if they're able to get you the best rate 297 00:14:02,720 --> 00:14:04,920 Speaker 1: with a great company, well you know, chances are that's 298 00:14:04,920 --> 00:14:07,679 Speaker 1: who you should sign up with. Matt, you just mentioned 299 00:14:07,679 --> 00:14:12,000 Speaker 1: great companies. That's another important factor in saving big on 300 00:14:12,080 --> 00:14:14,680 Speaker 1: car and home insurance is that you would prefer to 301 00:14:14,720 --> 00:14:17,439 Speaker 1: do business with a company that is highly rated, that 302 00:14:17,559 --> 00:14:19,920 Speaker 1: is a good company. And so if you can combine 303 00:14:20,400 --> 00:14:23,520 Speaker 1: great company with great rates, that's a match made in heaven. 304 00:14:23,760 --> 00:14:26,440 Speaker 1: And so the best places to research companies to see 305 00:14:26,440 --> 00:14:29,920 Speaker 1: whether they are solid providers or not is Consumer Reports 306 00:14:30,000 --> 00:14:32,960 Speaker 1: and JD Power. Those are great places to turn. Consumer 307 00:14:32,960 --> 00:14:35,240 Speaker 1: Reports is behind a paywall, so you're gonna have to 308 00:14:35,240 --> 00:14:38,040 Speaker 1: pay for that access, but JD Power is open to 309 00:14:38,080 --> 00:14:42,000 Speaker 1: the public, and to be honest, they have very similar ratings. Typically, 310 00:14:42,360 --> 00:14:45,000 Speaker 1: ensures stack up pretty similarly every year. They've got the 311 00:14:45,000 --> 00:14:47,440 Speaker 1: same little circles that are kind of colored in right 312 00:14:47,480 --> 00:14:50,120 Speaker 1: off the side next to the provider. Yeah, they're both excellent. 313 00:14:50,160 --> 00:14:52,120 Speaker 1: So if you just want to go for the free option, 314 00:14:52,200 --> 00:14:55,240 Speaker 1: JD power is great. Yeah, we'll link to a recent 315 00:14:55,280 --> 00:14:58,000 Speaker 1: study that JD Powers put out that you can access 316 00:14:58,040 --> 00:15:00,200 Speaker 1: for free. And one of the things I love about 317 00:15:00,200 --> 00:15:02,040 Speaker 1: that specific study deil is that they broke it down 318 00:15:02,120 --> 00:15:04,440 Speaker 1: not just overall, but they did it per region because 319 00:15:04,480 --> 00:15:07,480 Speaker 1: different insurance providers vary when it comes to you know, 320 00:15:07,520 --> 00:15:11,120 Speaker 1: the Southwest versus the Northeast or Texas. I think Texas 321 00:15:11,160 --> 00:15:13,560 Speaker 1: and California they like have their own category because they're 322 00:15:13,560 --> 00:15:15,960 Speaker 1: they're so big, which is I mean, I guess that 323 00:15:16,000 --> 00:15:18,600 Speaker 1: makes sense. But then the southeast, right that's where we are. 324 00:15:18,840 --> 00:15:21,120 Speaker 1: What's kind of amazing is that u SA on every 325 00:15:21,120 --> 00:15:22,760 Speaker 1: single one of those charts, that they blow them all 326 00:15:22,760 --> 00:15:24,560 Speaker 1: out of the water because they're just known for being 327 00:15:24,600 --> 00:15:28,520 Speaker 1: able to provide amazing customer service. But because not everyone 328 00:15:28,640 --> 00:15:31,440 Speaker 1: has access to USA, they didn't necessarily include it in 329 00:15:31,480 --> 00:15:33,640 Speaker 1: the real chart. It was kind of like down below 330 00:15:33,680 --> 00:15:36,080 Speaker 1: a little bit sort of removed from everyone else, But 331 00:15:36,120 --> 00:15:38,960 Speaker 1: it doesn't really matter because they're still tops and that 332 00:15:38,960 --> 00:15:40,920 Speaker 1: that is good to know that that USA A is 333 00:15:40,960 --> 00:15:43,680 Speaker 1: typically one of the top rated providers. I don't have 334 00:15:43,720 --> 00:15:47,040 Speaker 1: access to USA myself. But Matt, your your dad served 335 00:15:47,040 --> 00:15:48,880 Speaker 1: in the our forces, right, so he served and we 336 00:15:48,920 --> 00:15:51,840 Speaker 1: actually I got him to join so that I could 337 00:15:51,840 --> 00:15:55,280 Speaker 1: get grandfathered into and join. And I think, what you 338 00:15:55,400 --> 00:15:56,960 Speaker 1: joined once, or you kind of get in there and 339 00:15:56,960 --> 00:15:59,280 Speaker 1: get a quote, you're kind of in for life. But 340 00:15:59,440 --> 00:16:01,920 Speaker 1: the rates, So here's a here's the deal. What we're 341 00:16:01,960 --> 00:16:04,800 Speaker 1: talking about is customer service. And even though they rank 342 00:16:04,960 --> 00:16:07,600 Speaker 1: the customer experience and the service they're able to provide, 343 00:16:08,120 --> 00:16:10,520 Speaker 1: it's not necessarily looking at cost as well. It's not 344 00:16:10,560 --> 00:16:13,480 Speaker 1: that these are the most affordable options out there. And 345 00:16:13,560 --> 00:16:15,760 Speaker 1: for me, I was looking for something that wasn't quite 346 00:16:15,760 --> 00:16:17,640 Speaker 1: as high on the list when it came to service. 347 00:16:17,920 --> 00:16:19,680 Speaker 1: I was willing to sacrifice a couple of points when 348 00:16:19,680 --> 00:16:21,640 Speaker 1: it came to service if I could, you know, get 349 00:16:21,680 --> 00:16:24,360 Speaker 1: a rate that was significantly cheaper. And that happened to 350 00:16:24,360 --> 00:16:26,600 Speaker 1: be the case with USA A. I know, they're fantastic, 351 00:16:26,720 --> 00:16:29,040 Speaker 1: same thing with Amika. They're always up there, high on 352 00:16:29,080 --> 00:16:31,440 Speaker 1: the list. But for us, we were looking for something 353 00:16:31,480 --> 00:16:32,960 Speaker 1: that was a little more kind of middle of the pack, 354 00:16:33,240 --> 00:16:35,240 Speaker 1: which is what we ended up with. So yeah, and 355 00:16:35,400 --> 00:16:38,160 Speaker 1: there's reasons for that, right that it actually makes sense. 356 00:16:38,200 --> 00:16:41,240 Speaker 1: Maybe to go with a company that isn't the highest 357 00:16:41,320 --> 00:16:44,400 Speaker 1: rated in order to save a bunch of money. Um, 358 00:16:44,440 --> 00:16:46,640 Speaker 1: And we'll talk about why that is a little bit 359 00:16:46,680 --> 00:16:58,600 Speaker 1: more right after the break Alright, that we're back and 360 00:16:58,640 --> 00:17:02,280 Speaker 1: we're talking about why it's not necessarily always in your 361 00:17:02,320 --> 00:17:04,560 Speaker 1: best interests to do business with an insure that has 362 00:17:04,640 --> 00:17:07,119 Speaker 1: the highest ratings, and that's because it can cost you 363 00:17:07,359 --> 00:17:09,320 Speaker 1: a whole heck of a lot more. And the goal 364 00:17:09,440 --> 00:17:11,840 Speaker 1: of insurance, as we stated earlier, is to cover yourself 365 00:17:12,080 --> 00:17:15,640 Speaker 1: in case of a catastrophic incident. And so hopefully you're 366 00:17:15,640 --> 00:17:18,640 Speaker 1: not gonna have to be dealing with that insure very often, 367 00:17:18,960 --> 00:17:21,760 Speaker 1: really maybe a couple of times in your life where 368 00:17:21,760 --> 00:17:24,440 Speaker 1: you're gonna have a real major incident that requires your 369 00:17:24,640 --> 00:17:27,400 Speaker 1: insurer stepping in on your behalf. And there's one way 370 00:17:27,440 --> 00:17:29,720 Speaker 1: in particular that can help save us money and help 371 00:17:29,800 --> 00:17:33,240 Speaker 1: us from filing claims that we shouldn't be filing. So 372 00:17:33,280 --> 00:17:35,360 Speaker 1: let's talk about that. Nice buddy, I like you kind 373 00:17:35,359 --> 00:17:36,760 Speaker 1: of you kind of took that golf ball, you kind 374 00:17:36,760 --> 00:17:38,120 Speaker 1: of teat it up there for me and just kinda 375 00:17:38,119 --> 00:17:40,800 Speaker 1: stepped away motioned at it. Dude, I think you're gonna 376 00:17:40,840 --> 00:17:43,520 Speaker 1: hit a tiger one yard or bring it. I see 377 00:17:43,520 --> 00:17:45,919 Speaker 1: what you're doing here, and what we're talking about is 378 00:17:46,080 --> 00:17:48,000 Speaker 1: the deductible. What you want to do is make sure 379 00:17:48,080 --> 00:17:50,760 Speaker 1: you're setting a higher deductible to save on your premiums. 380 00:17:51,000 --> 00:17:52,600 Speaker 1: And this is to allow you to not only save 381 00:17:52,680 --> 00:17:55,239 Speaker 1: on your premiums every year or every month if you're 382 00:17:55,240 --> 00:17:57,720 Speaker 1: paying monthly, but also you know, your goal is to 383 00:17:57,760 --> 00:18:01,399 Speaker 1: avoid making that claim altogether because every time again you 384 00:18:01,440 --> 00:18:04,199 Speaker 1: make a claim that significantly increases the chance of your 385 00:18:04,280 --> 00:18:06,600 Speaker 1: rates going up. And so a lot of times an 386 00:18:06,640 --> 00:18:10,440 Speaker 1: insurance provider, like the default deductible amount might be something 387 00:18:10,480 --> 00:18:12,840 Speaker 1: pretty low like two d and fifty bucks or even 388 00:18:12,880 --> 00:18:14,720 Speaker 1: five hundred, but you want to see if you can 389 00:18:14,800 --> 00:18:18,080 Speaker 1: raise that to be much higher, closer to a thousand 390 00:18:18,119 --> 00:18:21,440 Speaker 1: at least. And on a home, your standard deductible is 391 00:18:21,440 --> 00:18:23,600 Speaker 1: probably gonna be about a thousand dollars, but you can 392 00:18:23,680 --> 00:18:26,520 Speaker 1: raise that up to five thousand dollars or potentially even more, 393 00:18:26,800 --> 00:18:28,800 Speaker 1: and that can have a big effect on how much 394 00:18:28,800 --> 00:18:31,199 Speaker 1: you're paying in premiums. Yeah, that can lead to massive 395 00:18:31,240 --> 00:18:33,920 Speaker 1: savings every single year. Right. However, what you want to 396 00:18:34,000 --> 00:18:36,320 Speaker 1: keep in mind is that you have enough money is 397 00:18:36,320 --> 00:18:39,000 Speaker 1: set aside in an emergency fund or whatever you want 398 00:18:39,000 --> 00:18:42,399 Speaker 1: to call it to cover that increase in deductible. You 399 00:18:42,440 --> 00:18:45,640 Speaker 1: know you're saving every single year by paying lesson premiums 400 00:18:45,640 --> 00:18:47,880 Speaker 1: by having a high deductible. But if the time ever 401 00:18:47,960 --> 00:18:50,000 Speaker 1: does come or you do need to use your insurance, 402 00:18:50,119 --> 00:18:51,520 Speaker 1: you need to make sure that you actually have the 403 00:18:51,520 --> 00:18:54,879 Speaker 1: funds available to pay that deductible so that you can 404 00:18:54,880 --> 00:18:57,359 Speaker 1: take advantage of your actual insurance. Otherwise it might be 405 00:18:57,400 --> 00:19:00,200 Speaker 1: an example of being cheap over frugal. Right, you've raise 406 00:19:00,280 --> 00:19:02,879 Speaker 1: your deductible so high, so where you know, what's like, 407 00:19:02,920 --> 00:19:05,080 Speaker 1: what's the point of even almost having insurance at that point? 408 00:19:05,240 --> 00:19:07,360 Speaker 1: You want to find that balance between savings year end 409 00:19:07,359 --> 00:19:09,480 Speaker 1: and year out, while at the same time knowing that 410 00:19:09,520 --> 00:19:12,320 Speaker 1: you have enough money set aside for that. Yeah. Another 411 00:19:12,359 --> 00:19:15,360 Speaker 1: factor that will help you, I think, decide to raise 412 00:19:15,359 --> 00:19:18,560 Speaker 1: your deductibles up in order to save money and then 413 00:19:18,600 --> 00:19:22,239 Speaker 1: also avoid making claims is probably something you've never heard of, 414 00:19:22,320 --> 00:19:25,280 Speaker 1: and it's called your clue report. And a clue report 415 00:19:25,440 --> 00:19:27,760 Speaker 1: is what's that stand for? CHUL The clue report, Matt, 416 00:19:27,760 --> 00:19:32,160 Speaker 1: I'm glad you asked stands for Comprehensive loss underwriting exchange 417 00:19:32,480 --> 00:19:35,520 Speaker 1: and it is kind of this database for insurance companies 418 00:19:35,760 --> 00:19:39,359 Speaker 1: to know what claims each individual has filed against their 419 00:19:39,359 --> 00:19:42,480 Speaker 1: homeowners and car insurance. It's like an insurance dossier on 420 00:19:42,560 --> 00:19:45,320 Speaker 1: you that the secret organizations have and you can put 421 00:19:45,320 --> 00:19:48,720 Speaker 1: your tinfoil head on and everything and yeah, and any 422 00:19:48,760 --> 00:19:51,639 Speaker 1: claims that's real though it exists. It totally exists. You 423 00:19:51,640 --> 00:19:53,880 Speaker 1: can actually, I think once a year you can check 424 00:19:53,880 --> 00:19:56,639 Speaker 1: out your Clue Report for free from Lexus Nexus and 425 00:19:56,640 --> 00:19:58,680 Speaker 1: we'll put a link to that in the show notes Chedual. 426 00:19:58,720 --> 00:20:00,560 Speaker 1: It is similar to the Annual Credit Report dot com 427 00:20:00,680 --> 00:20:02,359 Speaker 1: or you can go on once a year. It's something 428 00:20:02,359 --> 00:20:03,440 Speaker 1: that you have to go on there. You might feel 429 00:20:03,440 --> 00:20:05,000 Speaker 1: a little uncomfortable because you have to put in your 430 00:20:05,040 --> 00:20:08,320 Speaker 1: social Security plus some other info, but you fill that out, 431 00:20:08,400 --> 00:20:10,679 Speaker 1: you send it in and they will actually mail you 432 00:20:10,720 --> 00:20:13,280 Speaker 1: that report, they say about two weeks later, and that 433 00:20:13,359 --> 00:20:15,680 Speaker 1: will have all that information there for you. Yeah. And 434 00:20:15,840 --> 00:20:18,159 Speaker 1: the reason that the Clue Report is so important for 435 00:20:18,160 --> 00:20:20,280 Speaker 1: you to know about, and it's really important for you 436 00:20:20,320 --> 00:20:22,439 Speaker 1: to check up on yourself, is that any time you 437 00:20:22,480 --> 00:20:25,200 Speaker 1: make a claim, not only will it in all likelihood 438 00:20:25,240 --> 00:20:28,119 Speaker 1: impact your rates now, but it will massively impact your 439 00:20:28,200 --> 00:20:31,400 Speaker 1: rates when you're shopping for insurance from other providers. So 440 00:20:31,440 --> 00:20:34,680 Speaker 1: any time that you can avoid making a claim, it's 441 00:20:34,680 --> 00:20:36,440 Speaker 1: not only good for your current self, but it's good 442 00:20:36,520 --> 00:20:39,880 Speaker 1: for your future self. And interesting thing about clue reports 443 00:20:39,920 --> 00:20:43,040 Speaker 1: to Matt is that sometimes even when you just call 444 00:20:43,200 --> 00:20:46,000 Speaker 1: your insurance provider to ask a question or there are 445 00:20:46,000 --> 00:20:48,760 Speaker 1: some of these smaller things that can actually impact your 446 00:20:48,760 --> 00:20:51,879 Speaker 1: clue report as well. If you call for roadside assistance, 447 00:20:52,119 --> 00:20:55,680 Speaker 1: if you're insurer offers roadside assistance, that goes on your 448 00:20:55,680 --> 00:20:59,760 Speaker 1: clue report, lame. I know it's terrible. Minimal claims on 449 00:20:59,840 --> 00:21:02,760 Speaker 1: an electronic device where you think you're just making a 450 00:21:02,760 --> 00:21:05,080 Speaker 1: request to get a couple hundred dollar pay out from 451 00:21:05,119 --> 00:21:07,480 Speaker 1: your insurer. Well, even if it doesn't cost you money, 452 00:21:07,560 --> 00:21:09,800 Speaker 1: it goes on your clue report, and that could impact 453 00:21:09,840 --> 00:21:12,119 Speaker 1: the rates that you're quoted when you're shopping around for 454 00:21:12,280 --> 00:21:15,000 Speaker 1: insurance from other providers. Yeah, the reason this is is, Jill, 455 00:21:15,040 --> 00:21:17,639 Speaker 1: you mentioned your future self is because that clue report. 456 00:21:17,720 --> 00:21:19,560 Speaker 1: Things that go on your clue report stick around for 457 00:21:19,600 --> 00:21:22,480 Speaker 1: seven years. It's like freaking bankruptcy like it goes on there, 458 00:21:22,480 --> 00:21:25,520 Speaker 1: it sticks around for a long time before it drops off, 459 00:21:25,960 --> 00:21:28,280 Speaker 1: and yeah, that harms your future self when it comes 460 00:21:28,280 --> 00:21:31,600 Speaker 1: to trying to get some new affordable insurance. Yeah, that's 461 00:21:31,600 --> 00:21:34,479 Speaker 1: why we are such big fans of high deductibles and 462 00:21:34,560 --> 00:21:37,760 Speaker 1: not making claims whenever possible. All right, Joe, Let's dive 463 00:21:37,840 --> 00:21:40,159 Speaker 1: now into some quick and specific ways that you can 464 00:21:40,160 --> 00:21:42,720 Speaker 1: save when it comes to your insurance. UH. One is 465 00:21:42,760 --> 00:21:45,000 Speaker 1: to pay in advance. You know a lot of times 466 00:21:45,000 --> 00:21:47,600 Speaker 1: you can pay annually or even every six months if 467 00:21:47,640 --> 00:21:50,320 Speaker 1: you're not ready for that annual payout. You'll likely save 468 00:21:50,359 --> 00:21:52,359 Speaker 1: a nice chunk by doing this. Just ask your insurance 469 00:21:52,359 --> 00:21:54,399 Speaker 1: provider if that is an option and figure out how 470 00:21:54,480 --> 00:21:57,120 Speaker 1: much you would actually be saving. Yeah, at minimum, there's 471 00:21:57,160 --> 00:21:59,360 Speaker 1: some sort of fee probably you'll be able to avoid 472 00:21:59,560 --> 00:22:03,000 Speaker 1: by paying in a lump sum as opposed to every month. 473 00:22:03,320 --> 00:22:05,280 Speaker 1: Another thing you want to do is to get as 474 00:22:05,359 --> 00:22:08,040 Speaker 1: many discounts as you can. I mean, you see it 475 00:22:08,080 --> 00:22:10,800 Speaker 1: on the commercials for insurance companies all the time. There 476 00:22:10,800 --> 00:22:13,639 Speaker 1: are all sorts of discounts for safe driving, driving a 477 00:22:13,680 --> 00:22:17,879 Speaker 1: car with safety features, taking a defensive driving course, Matt 478 00:22:17,920 --> 00:22:19,520 Speaker 1: for example, and we can link to this in the 479 00:22:19,520 --> 00:22:22,320 Speaker 1: show notes as well. I took a defensive driving course 480 00:22:22,680 --> 00:22:26,000 Speaker 1: online from a ARP and I'm not even that old, 481 00:22:26,400 --> 00:22:28,639 Speaker 1: but I decided that that was the easiest way for 482 00:22:28,680 --> 00:22:31,440 Speaker 1: me to get a defensive driving certificate. Nice. It took 483 00:22:31,440 --> 00:22:33,280 Speaker 1: a few hours for me to complete. Pretty sure, it 484 00:22:33,280 --> 00:22:35,440 Speaker 1: costs me twenty five bucks, and in the long run 485 00:22:35,640 --> 00:22:38,760 Speaker 1: it has saved me hundreds of dollars over the years 486 00:22:38,760 --> 00:22:42,240 Speaker 1: in insurance costs, because insurers find that to be a 487 00:22:42,320 --> 00:22:45,359 Speaker 1: really important thing. So any discounts that you can find, 488 00:22:45,640 --> 00:22:47,960 Speaker 1: just continue to ask what other discounts do do you offer, 489 00:22:48,040 --> 00:22:50,359 Speaker 1: what other discounts do you have, and and find as 490 00:22:50,400 --> 00:22:52,720 Speaker 1: many as possible because those really do cut down the 491 00:22:52,720 --> 00:22:55,560 Speaker 1: cost of your insurance. Yeah, Joel. One of our older episodes, 492 00:22:55,640 --> 00:22:57,680 Speaker 1: the Art of Asking for a Discount, we talked about 493 00:22:57,760 --> 00:23:00,119 Speaker 1: ways that you can go about asking for a discount 494 00:23:00,160 --> 00:23:02,919 Speaker 1: to sort of empower yourself. Make sure that you're asking 495 00:23:02,960 --> 00:23:04,640 Speaker 1: and finding out ways that you can save not only 496 00:23:04,640 --> 00:23:06,440 Speaker 1: with your car insurance, but also your home insurance. A 497 00:23:06,520 --> 00:23:08,919 Speaker 1: lot of times, if you have a security system, or 498 00:23:09,080 --> 00:23:11,800 Speaker 1: if you live in a gated community, there are discounts 499 00:23:11,840 --> 00:23:14,600 Speaker 1: available for you there. It could even be as simple 500 00:23:14,640 --> 00:23:17,680 Speaker 1: as replacing the standard tubes on your dishwasher or your 501 00:23:17,800 --> 00:23:22,160 Speaker 1: washer with the sort of stainless steel braided hoses that 502 00:23:22,200 --> 00:23:25,360 Speaker 1: are birthtproof, things like that that reduce risk to your home. 503 00:23:25,760 --> 00:23:28,240 Speaker 1: These are things that are low cost to you that 504 00:23:28,240 --> 00:23:30,920 Speaker 1: could potentially save you a lot of money down the road. Yeah, 505 00:23:30,920 --> 00:23:33,320 Speaker 1: and you can even get a discount for what college 506 00:23:33,320 --> 00:23:35,600 Speaker 1: you're affiliated with, for where you work, or if you 507 00:23:35,600 --> 00:23:38,320 Speaker 1: have a kid, if they have good grades. So they're 508 00:23:38,359 --> 00:23:41,040 Speaker 1: just all sorts of ways to get extra discounts on 509 00:23:41,119 --> 00:23:42,800 Speaker 1: your insurance. But you got to make sure you ask, 510 00:23:43,160 --> 00:23:46,120 Speaker 1: and specifically when it comes to coverage, well, how much 511 00:23:46,280 --> 00:23:48,920 Speaker 1: coverage should you actually have? And that's a great question. 512 00:23:48,960 --> 00:24:00,879 Speaker 1: We'll address that right after the break, all right, Joel, 513 00:24:01,000 --> 00:24:03,159 Speaker 1: you teased a little bit to the amount of coverage 514 00:24:03,200 --> 00:24:04,879 Speaker 1: that you would want to have, and particularly when it 515 00:24:04,880 --> 00:24:07,240 Speaker 1: comes to your home or your auto insurance, you just 516 00:24:07,240 --> 00:24:09,439 Speaker 1: want to make sure that you are not skimping on 517 00:24:09,480 --> 00:24:11,960 Speaker 1: the coverage in order to save money. We've already talked 518 00:24:12,000 --> 00:24:14,840 Speaker 1: once in this episode about in an attempt to being frugal, 519 00:24:14,920 --> 00:24:17,520 Speaker 1: the you end up being overly cheap, and that's not 520 00:24:17,600 --> 00:24:19,000 Speaker 1: the case. You don't want to fall into that camp 521 00:24:19,000 --> 00:24:20,679 Speaker 1: when it comes to your insurance. You want to make 522 00:24:20,720 --> 00:24:22,719 Speaker 1: sure that you have enough coverage that you would be 523 00:24:22,840 --> 00:24:25,760 Speaker 1: made whole in the event of a major home or 524 00:24:25,840 --> 00:24:28,320 Speaker 1: car accident. Yeah, and probably most people met when it 525 00:24:28,320 --> 00:24:32,000 Speaker 1: comes to the actual coverages that they have on their policies, 526 00:24:32,160 --> 00:24:34,520 Speaker 1: and in particular, when it comes to our car insurance. 527 00:24:34,840 --> 00:24:38,320 Speaker 1: A lot of us are probably rolling with state minimum coverage, 528 00:24:38,600 --> 00:24:41,280 Speaker 1: and there are minimum set by every single state of 529 00:24:41,320 --> 00:24:43,320 Speaker 1: how much insurance coverage you need to have just to 530 00:24:43,320 --> 00:24:45,840 Speaker 1: be able to drive in that state. But that doesn't 531 00:24:45,880 --> 00:24:48,840 Speaker 1: mean that that's enough insurance for you to have. And 532 00:24:48,880 --> 00:24:51,320 Speaker 1: so there's a really good rule of thumb that you 533 00:24:51,320 --> 00:24:55,040 Speaker 1: should have enough insurance essentially to cover your net worth. 534 00:24:55,359 --> 00:24:58,119 Speaker 1: When you add up the value of your home, cars, savings, 535 00:24:58,320 --> 00:25:01,960 Speaker 1: and investment minus your dead you'll want injury limits at 536 00:25:02,000 --> 00:25:04,840 Speaker 1: least that high. So some of us might be just 537 00:25:04,920 --> 00:25:07,919 Speaker 1: fine with the state minimum coverage, and others of us 538 00:25:08,040 --> 00:25:10,480 Speaker 1: might need to bump that up. But it's an important 539 00:25:10,480 --> 00:25:12,240 Speaker 1: thing to think about. You don't want to skimp on 540 00:25:12,320 --> 00:25:14,600 Speaker 1: your coverage. You do want to shop, you do want 541 00:25:14,600 --> 00:25:16,560 Speaker 1: to be smart, you you do want to save money 542 00:25:16,800 --> 00:25:19,280 Speaker 1: when it comes to your insurance coverage. But you also 543 00:25:19,320 --> 00:25:22,640 Speaker 1: don't want to skimp and get too little because when 544 00:25:22,680 --> 00:25:24,280 Speaker 1: you are in that accident, when you are in the 545 00:25:24,320 --> 00:25:26,560 Speaker 1: scenario in which you need to use it, you could 546 00:25:26,600 --> 00:25:29,040 Speaker 1: be left high and dry if you have way less 547 00:25:29,040 --> 00:25:31,320 Speaker 1: coverage than you actually need. Yeah, Joe, you don't want 548 00:25:31,320 --> 00:25:33,240 Speaker 1: your insurance to be too lean when it comes time 549 00:25:33,280 --> 00:25:36,280 Speaker 1: to actually using it because of an accident. However, a 550 00:25:36,280 --> 00:25:39,240 Speaker 1: scenario where you can go lean and reduce that coverage 551 00:25:39,280 --> 00:25:41,920 Speaker 1: is on older vehicles that you own, and this can 552 00:25:41,960 --> 00:25:44,960 Speaker 1: be a huge savings if you're able to self ensure, 553 00:25:45,080 --> 00:25:47,480 Speaker 1: that can be your best way, your best bet to 554 00:25:47,520 --> 00:25:50,879 Speaker 1: save big and so what that means is foregoing collision 555 00:25:51,040 --> 00:25:54,640 Speaker 1: and comprehensive when it comes to those older vehicles. Gets 556 00:25:54,640 --> 00:25:57,600 Speaker 1: the beauty of driving something super old, Matt, where you 557 00:25:57,680 --> 00:25:59,760 Speaker 1: can self ensure. If you have a car that's only 558 00:25:59,760 --> 00:26:02,160 Speaker 1: word a few thousand dollars, you have three four five, 559 00:26:02,640 --> 00:26:04,479 Speaker 1: I mean, depending on how much you have in your 560 00:26:04,520 --> 00:26:08,400 Speaker 1: emergency savings fund, maybe up to ten dollars. Even if 561 00:26:08,440 --> 00:26:10,639 Speaker 1: you have a car that's worth in that range and 562 00:26:10,680 --> 00:26:13,600 Speaker 1: you have enough savings to cover the loss of that 563 00:26:13,720 --> 00:26:16,360 Speaker 1: vehicle if something were to happen, well, makes a whole 564 00:26:16,359 --> 00:26:18,560 Speaker 1: lot of sense to reduce the coverage and reduce your 565 00:26:18,560 --> 00:26:22,119 Speaker 1: outgoing expenses every month, and that only helps accelerate your 566 00:26:22,160 --> 00:26:25,280 Speaker 1: savings if you're able to lower your insurance costs on 567 00:26:25,320 --> 00:26:28,040 Speaker 1: that vehicle. You just don't want to be ensuring vehicle 568 00:26:28,119 --> 00:26:30,800 Speaker 1: to the hilt that just isn't really worth very much. 569 00:26:31,320 --> 00:26:33,800 Speaker 1: One other way that you can save and your insurance 570 00:26:33,840 --> 00:26:36,640 Speaker 1: premiums is to allow your insurance to monitor your driving. 571 00:26:36,960 --> 00:26:40,400 Speaker 1: This was originally rolled out in order to reward drivers 572 00:26:40,600 --> 00:26:42,680 Speaker 1: they were driving well under the speed limit, you know, 573 00:26:42,720 --> 00:26:45,200 Speaker 1: weren't stopping and flooring it and stopping and flooring it 574 00:26:45,280 --> 00:26:47,359 Speaker 1: a lot, that kind of thing. Eventually, some of the 575 00:26:47,400 --> 00:26:50,560 Speaker 1: companies started evolving that to where drivers who were driving 576 00:26:50,600 --> 00:26:54,040 Speaker 1: poorly they were penalizing. And so it depends on the 577 00:26:54,080 --> 00:26:56,600 Speaker 1: insure that you're with. Make sure that you've read the 578 00:26:56,640 --> 00:26:59,840 Speaker 1: fine print, that you know which behavior that you're insure 579 00:27:00,119 --> 00:27:02,959 Speaker 1: is looking for, because you know, depending on you and 580 00:27:03,000 --> 00:27:06,080 Speaker 1: how you know you drive personally, this is a personal decision. 581 00:27:06,440 --> 00:27:08,880 Speaker 1: But that might cause you to want to go ahead 582 00:27:08,880 --> 00:27:10,920 Speaker 1: and get the monitoring or maybe you want to stay 583 00:27:10,920 --> 00:27:14,320 Speaker 1: away from that. Yeah, there's some privacy issues and concerns 584 00:27:14,359 --> 00:27:16,439 Speaker 1: there too, and I know some people are weird about that. 585 00:27:16,520 --> 00:27:19,800 Speaker 1: I'm not. I am with Liberty Mutual and decided to 586 00:27:19,920 --> 00:27:21,919 Speaker 1: sign up for I forget what they called their's, but 587 00:27:21,960 --> 00:27:23,920 Speaker 1: I had to plug in a device into my car, 588 00:27:23,960 --> 00:27:26,640 Speaker 1: a little dongle yep, exactly and uh, and then they 589 00:27:26,800 --> 00:27:29,160 Speaker 1: monitored my driving for I think it was ninety days 590 00:27:29,520 --> 00:27:31,760 Speaker 1: and I think I saved like eighteen percent maybe on 591 00:27:31,840 --> 00:27:34,040 Speaker 1: my insurance something like that. Nice man, did you drive 592 00:27:34,080 --> 00:27:36,639 Speaker 1: like a grandma for those three months? Yeah? Most of 593 00:27:36,840 --> 00:27:38,919 Speaker 1: I think people were like, who is that driving in 594 00:27:38,920 --> 00:27:41,440 Speaker 1: front of me? But I totally made sure to drive 595 00:27:41,440 --> 00:27:44,800 Speaker 1: as carefully as humanly possible during those ninety days. There 596 00:27:44,800 --> 00:27:46,359 Speaker 1: are probably a few days that I forgot that it 597 00:27:46,440 --> 00:27:49,480 Speaker 1: was even on there, but yeah, man, it was. It 598 00:27:49,600 --> 00:27:51,760 Speaker 1: saved me some money for sure. And so if, yeah, 599 00:27:51,840 --> 00:27:55,119 Speaker 1: if you're insured, is not going to penalize you in 600 00:27:55,160 --> 00:27:58,600 Speaker 1: particular for poor driving, um and you can only get 601 00:27:58,600 --> 00:28:01,119 Speaker 1: a benefit from it, well, then it's totally we're looking 602 00:28:01,160 --> 00:28:03,399 Speaker 1: into that. But honestly, man, there's almost an argument too, 603 00:28:03,440 --> 00:28:05,399 Speaker 1: even if they are going to penalize you, it's almost 604 00:28:05,480 --> 00:28:07,760 Speaker 1: worth it in a sense to say, let me go 605 00:28:07,760 --> 00:28:09,639 Speaker 1: ahead and sign up for that. It's essentially kind of 606 00:28:09,680 --> 00:28:13,679 Speaker 1: like forcing yourself to adhere to a system of behaving, right, Like, 607 00:28:13,720 --> 00:28:15,880 Speaker 1: if you know that they're watching you, how much more 608 00:28:15,880 --> 00:28:17,840 Speaker 1: carefully are you going to drive? And even if it 609 00:28:17,880 --> 00:28:21,040 Speaker 1: only benefits you marginally when it comes to your insurance, 610 00:28:21,080 --> 00:28:23,359 Speaker 1: think about the savings that it has on your gas mileage, 611 00:28:23,440 --> 00:28:25,840 Speaker 1: or on your tires and your brakes, or the likelihood 612 00:28:25,840 --> 00:28:28,240 Speaker 1: that decreases of you know, you getting in an accident. 613 00:28:28,480 --> 00:28:30,399 Speaker 1: I was reading how you know they sometimes they'll eave 614 00:28:30,440 --> 00:28:32,600 Speaker 1: a monitor if you kind of roll through stop signs, 615 00:28:32,880 --> 00:28:35,119 Speaker 1: and how that can influence your premiums. Well, if you 616 00:28:35,119 --> 00:28:37,479 Speaker 1: know that you're being watched, if your insurance is watching 617 00:28:37,520 --> 00:28:40,160 Speaker 1: you to come to a complete stop, that's only going 618 00:28:40,200 --> 00:28:42,000 Speaker 1: to decrease the chances of you maybe getting in a 619 00:28:42,000 --> 00:28:44,520 Speaker 1: little fender bender at a four way stop. Right. There's 620 00:28:44,560 --> 00:28:46,400 Speaker 1: just something about that that kind of appeals to me, 621 00:28:46,840 --> 00:28:49,800 Speaker 1: of sticking to a system where you know you're you're 622 00:28:49,840 --> 00:28:52,160 Speaker 1: locking into this behavior and you're sort of making yourself 623 00:28:52,160 --> 00:28:54,480 Speaker 1: do it. I like that external stimulus. I don't know 624 00:28:54,520 --> 00:28:56,600 Speaker 1: what that says about me, but I like it. Yeah. No, 625 00:28:56,760 --> 00:28:59,240 Speaker 1: sometimes you need a little bit of pressure to to 626 00:28:59,360 --> 00:29:02,680 Speaker 1: force yourself to behave and that is one way I think. Yeah, 627 00:29:02,760 --> 00:29:06,840 Speaker 1: getting that insurance monitoring dongle put in your car is 628 00:29:07,040 --> 00:29:08,479 Speaker 1: is kind of one way to kind of force you 629 00:29:08,600 --> 00:29:10,840 Speaker 1: to drive a little bit more safely. And that's yeah, 630 00:29:10,880 --> 00:29:12,680 Speaker 1: good for you, good for everybody else on the road, 631 00:29:13,000 --> 00:29:16,880 Speaker 1: and potentially good for your insurance premiums are And another 632 00:29:17,000 --> 00:29:19,640 Speaker 1: thing to consider, Matt is people should really think about 633 00:29:19,720 --> 00:29:23,120 Speaker 1: driving less. Overall. The less you drive, the more you 634 00:29:23,160 --> 00:29:27,440 Speaker 1: could potentially save on insurance costs. And that is because 635 00:29:27,600 --> 00:29:30,320 Speaker 1: a lot of insurers are willing to give you a 636 00:29:30,320 --> 00:29:34,320 Speaker 1: discount if you drive fewer than typically seles a year. 637 00:29:34,640 --> 00:29:37,080 Speaker 1: That's the kind of break point at which they will 638 00:29:37,120 --> 00:29:39,680 Speaker 1: give you a break on insurance costs. And there are 639 00:29:39,680 --> 00:29:44,640 Speaker 1: new startup companies like metro mile that also only charged 640 00:29:44,680 --> 00:29:47,160 Speaker 1: by the mile that you drive. I think that's gonna 641 00:29:47,160 --> 00:29:50,040 Speaker 1: become more standard too as the industry grows and evolves. 642 00:29:50,040 --> 00:29:52,920 Speaker 1: I think we're gonna see more insurance charging by the 643 00:29:52,960 --> 00:29:55,040 Speaker 1: mile and sort of like a paper use sort of 644 00:29:55,080 --> 00:29:57,320 Speaker 1: insurance exactly. I mean, it only makes sense right that 645 00:29:57,360 --> 00:29:59,520 Speaker 1: you would get charged in that way. So if you 646 00:29:59,520 --> 00:30:01,400 Speaker 1: don't drive a whole lot, see what sort of discount 647 00:30:01,400 --> 00:30:04,040 Speaker 1: your current insurer is willing to provide. And if you 648 00:30:04,120 --> 00:30:06,880 Speaker 1: have an opportunity to go with a company like metro 649 00:30:06,960 --> 00:30:09,560 Speaker 1: mile to shop a rate with an insured that does 650 00:30:09,640 --> 00:30:11,600 Speaker 1: charge by the mile. Well, that might make sense for 651 00:30:11,600 --> 00:30:14,200 Speaker 1: you to. You actually checked out metro mile to see 652 00:30:14,240 --> 00:30:17,160 Speaker 1: if they are offered in Georgia, and they are not. Unfortunately, 653 00:30:17,280 --> 00:30:19,200 Speaker 1: I think there'll only in like eight states right now. 654 00:30:19,520 --> 00:30:21,360 Speaker 1: I mean I really want to see see something like 655 00:30:21,400 --> 00:30:25,000 Speaker 1: metro mile expand considering I work from home my family, 656 00:30:25,040 --> 00:30:27,840 Speaker 1: we don't drive very far. When we do drive, I 657 00:30:27,840 --> 00:30:29,680 Speaker 1: would love to be able to save even more on 658 00:30:29,720 --> 00:30:33,520 Speaker 1: our car insurance by joining an assistant that's more paper use. Yeah, 659 00:30:33,600 --> 00:30:36,240 Speaker 1: all right, so I completely agree. And the other way 660 00:30:36,280 --> 00:30:39,000 Speaker 1: Matt to to drive less is to bike more. We 661 00:30:39,040 --> 00:30:41,360 Speaker 1: love biking. We talk about that a lot. And so 662 00:30:41,440 --> 00:30:43,400 Speaker 1: if you can get on your bike a little bit more, 663 00:30:43,680 --> 00:30:46,600 Speaker 1: maybe make one commute to work each week on your bike, 664 00:30:47,000 --> 00:30:49,440 Speaker 1: or maybe just run to the grocery store on occasion 665 00:30:49,600 --> 00:30:51,760 Speaker 1: on your bike. Anyway that you can hop out of 666 00:30:51,760 --> 00:30:54,160 Speaker 1: your car a little bit less, you'll give a little 667 00:30:54,200 --> 00:30:56,840 Speaker 1: more exercise and it could potentially also save you some 668 00:30:56,920 --> 00:30:59,440 Speaker 1: money on your car insurance. So yeah, just drive less 669 00:30:59,480 --> 00:31:01,960 Speaker 1: in general, right, Chedul. That makes me think of this 670 00:31:02,080 --> 00:31:05,360 Speaker 1: mom out in Seattle, Washington that recently commented on one 671 00:31:05,400 --> 00:31:08,440 Speaker 1: of our posts on Instagram and they've got four kids 672 00:31:08,840 --> 00:31:12,520 Speaker 1: and they have your bike, the Radwagon, the electric e bike. 673 00:31:12,720 --> 00:31:14,640 Speaker 1: It's a beaute and I think they've got close to 674 00:31:14,720 --> 00:31:17,440 Speaker 1: three thousand miles on their bike and they've only had 675 00:31:17,480 --> 00:31:18,720 Speaker 1: it for maybe like a year and a half or 676 00:31:18,760 --> 00:31:21,520 Speaker 1: something like that, I think. But I think that's amazing. 677 00:31:21,640 --> 00:31:23,760 Speaker 1: You know that they're they're using their bike way more, 678 00:31:23,880 --> 00:31:26,560 Speaker 1: using the vehicle less. And we're not gonna get into 679 00:31:26,600 --> 00:31:28,440 Speaker 1: it now, but there are just yeah, there's tons of 680 00:31:28,440 --> 00:31:31,600 Speaker 1: different benefits to the biking over riding in the vehicle, 681 00:31:31,880 --> 00:31:33,440 Speaker 1: but just know that you've got to give it a shot. 682 00:31:33,480 --> 00:31:35,000 Speaker 1: All right, Matt, Let's get back to the beer. Today 683 00:31:35,040 --> 00:31:38,600 Speaker 1: on the show, we had your roburos stout from Anthem 684 00:31:38,640 --> 00:31:42,360 Speaker 1: Brewing Company or is it euro Burrows. I have no idea, 685 00:31:42,520 --> 00:31:44,120 Speaker 1: but I think we gave it a good shot, both 686 00:31:44,120 --> 00:31:46,320 Speaker 1: of us there. We gave it a shot. And this 687 00:31:46,440 --> 00:31:49,400 Speaker 1: was donated to us from SI in Oklahoma, So sorry, 688 00:31:49,480 --> 00:31:51,600 Speaker 1: thanks so much for sending us this beer. Man. This 689 00:31:51,720 --> 00:31:56,680 Speaker 1: was very much a quintessential Belgian style roasted dark stout, 690 00:31:57,040 --> 00:32:00,400 Speaker 1: and I thought it was really tasty. What do you think, Matt? Nice? Yeah, 691 00:32:00,480 --> 00:32:01,800 Speaker 1: joh I'm with you. I didn't actually pick up on 692 00:32:01,800 --> 00:32:03,760 Speaker 1: the Belgian notes until you mentioned it, but I I 693 00:32:03,760 --> 00:32:06,200 Speaker 1: can totally taste that, like we don't always go for 694 00:32:06,240 --> 00:32:09,280 Speaker 1: it more more of a Belgian style stout. I'm glad 695 00:32:09,320 --> 00:32:11,160 Speaker 1: that we have this. I think it's amazing that we 696 00:32:11,200 --> 00:32:13,920 Speaker 1: have listeners who send us in beers occasionally and that 697 00:32:13,960 --> 00:32:16,880 Speaker 1: we're able to try amazing beers from all across the country. 698 00:32:17,120 --> 00:32:19,280 Speaker 1: I wanted to mention the label on this, I'm a 699 00:32:19,320 --> 00:32:22,520 Speaker 1: sucker for a pretty cool design can artwork. And it's 700 00:32:22,560 --> 00:32:24,680 Speaker 1: a black and white sort of look to it, which 701 00:32:24,680 --> 00:32:27,959 Speaker 1: made me think of just a cow, because cows are 702 00:32:27,960 --> 00:32:30,600 Speaker 1: black and white, true, which also then made me think 703 00:32:30,640 --> 00:32:32,520 Speaker 1: of a milk stout. And so I don't know if 704 00:32:32,560 --> 00:32:35,280 Speaker 1: it's the Belgian yeasts in this beer, and almost had 705 00:32:35,280 --> 00:32:37,960 Speaker 1: this sort of soft, ready character to the stout that 706 00:32:38,000 --> 00:32:40,600 Speaker 1: made me almost think of a milk stout, even though 707 00:32:40,600 --> 00:32:42,920 Speaker 1: technically this is not a milk stout, but it is 708 00:32:43,120 --> 00:32:46,080 Speaker 1: just in my crazy head. All right, man, you can 709 00:32:46,080 --> 00:32:48,239 Speaker 1: call us whatever you want, but either way you slice it, 710 00:32:48,360 --> 00:32:50,520 Speaker 1: this was pretty tasty, but always good to have something 711 00:32:50,640 --> 00:32:53,160 Speaker 1: that's kind of different. And by the way, I love 712 00:32:53,240 --> 00:32:55,560 Speaker 1: when a beer can tells you what it pairs well with. 713 00:32:55,960 --> 00:32:58,400 Speaker 1: So this can states that appairs well with hummus, grass 714 00:32:58,400 --> 00:33:01,360 Speaker 1: fed beef, age, cheddar, and dark chocolate. And that's just 715 00:33:01,440 --> 00:33:03,360 Speaker 1: kind of nice to note what your beer is going 716 00:33:03,400 --> 00:33:05,080 Speaker 1: to to go well with if you're gonna have a 717 00:33:05,120 --> 00:33:07,520 Speaker 1: little dish with it too, or an appetizer or a dessert. 718 00:33:07,680 --> 00:33:09,000 Speaker 1: But what if you just wanted to have a fifty 719 00:33:09,000 --> 00:33:10,920 Speaker 1: cent hot dog with it? You're gonna be able to 720 00:33:10,920 --> 00:33:13,440 Speaker 1: fly with that. Hey, you know what, any beer is 721 00:33:13,480 --> 00:33:15,240 Speaker 1: good with a fifty cent hot dog? Guess for sure? 722 00:33:15,640 --> 00:33:17,120 Speaker 1: Is that how much the hot dogs are at Costco? 723 00:33:17,200 --> 00:33:20,000 Speaker 1: Fifty cents? No, well, so I think you have to 724 00:33:20,000 --> 00:33:22,240 Speaker 1: buy the hot dog with a beverage and so it's 725 00:33:22,240 --> 00:33:25,040 Speaker 1: a buck fifty. Oh really? Yeah, the presidents go up. 726 00:33:25,040 --> 00:33:26,400 Speaker 1: I thought used to be cheaper than that. No, man, 727 00:33:26,440 --> 00:33:27,840 Speaker 1: I think they've been the same for a long time, 728 00:33:27,880 --> 00:33:29,960 Speaker 1: Like Costco has not raised the price on the hot 729 00:33:30,000 --> 00:33:33,040 Speaker 1: dog or the chicken since the eighties. And at some point, 730 00:33:33,080 --> 00:33:34,680 Speaker 1: you and I we're still going to do this show 731 00:33:34,800 --> 00:33:37,560 Speaker 1: you a Costco episode, you and I debating Costco. Well, 732 00:33:37,680 --> 00:33:39,960 Speaker 1: I need to go before I debate it. I'm just kidding. 733 00:33:40,040 --> 00:33:42,320 Speaker 1: I've been like once what a hater. All Right, We're 734 00:33:42,320 --> 00:33:44,800 Speaker 1: gonna get through to you. This is gonna happen. Matt's 735 00:33:44,800 --> 00:33:47,120 Speaker 1: gonna be a costco convert and and that will happen 736 00:33:47,160 --> 00:33:49,320 Speaker 1: in the near future, we promised, all right, Joe, let's 737 00:33:49,320 --> 00:33:52,040 Speaker 1: wrap this episode up first, though, Let's end it with 738 00:33:52,080 --> 00:33:54,200 Speaker 1: our final thoughts. The first thing you need to do 739 00:33:54,200 --> 00:33:56,600 Speaker 1: when it comes to your car and your home insurance 740 00:33:56,640 --> 00:33:58,640 Speaker 1: is to make sure that you are shopping and around. 741 00:33:59,160 --> 00:34:01,000 Speaker 1: If you've had the same for vider for a number 742 00:34:01,040 --> 00:34:03,840 Speaker 1: of years, chances are you are overpaying because loyalty it 743 00:34:03,960 --> 00:34:06,440 Speaker 1: just does not pay anymore. When it comes to your insurance, 744 00:34:06,840 --> 00:34:09,439 Speaker 1: you can likely get a better product, get a better rate, 745 00:34:09,520 --> 00:34:12,279 Speaker 1: and maybe even better service by hopping over to a 746 00:34:12,280 --> 00:34:15,200 Speaker 1: different provider sites like Policy Genius. It's no longer a 747 00:34:15,239 --> 00:34:18,640 Speaker 1: pain to make sure you're considering all your options. Yeah, Matt. 748 00:34:18,760 --> 00:34:20,680 Speaker 1: And another thing you need to do is to set 749 00:34:20,719 --> 00:34:24,080 Speaker 1: your deductible as high as you possibly can. That's a 750 00:34:24,160 --> 00:34:27,480 Speaker 1: form of self insurance, which will reduce your premiums. At 751 00:34:27,520 --> 00:34:30,759 Speaker 1: the same time, prevents you from filing a claim on 752 00:34:30,880 --> 00:34:33,760 Speaker 1: something small, because it turns out that those small claims 753 00:34:33,800 --> 00:34:36,400 Speaker 1: can have major impacts on what you're gonna pay for 754 00:34:36,440 --> 00:34:40,040 Speaker 1: insurance for years and years to come. That's right, Gill. 755 00:34:40,080 --> 00:34:41,840 Speaker 1: The goal when you have insurance is to use it 756 00:34:41,880 --> 00:34:44,799 Speaker 1: as little as possible. And also, don't forget to ask 757 00:34:44,800 --> 00:34:47,360 Speaker 1: for those discounts. You never know what sort of special 758 00:34:47,400 --> 00:34:51,400 Speaker 1: offers that your insurance provider offers. Take advantage of those discounts, 759 00:34:51,400 --> 00:34:53,239 Speaker 1: but chances are you're not gonna get them unless you 760 00:34:53,280 --> 00:34:55,520 Speaker 1: ask and just get on your bike more. Come on, 761 00:34:55,600 --> 00:34:58,400 Speaker 1: I mean, like, if you've learned anything from this episode, 762 00:34:58,400 --> 00:35:00,920 Speaker 1: that's probably the most important takeaway, not just this episode, 763 00:35:00,960 --> 00:35:02,880 Speaker 1: but this podcast in general. We always go back to 764 00:35:02,920 --> 00:35:05,960 Speaker 1: the bikes. We love the bikes exactly, exactly, maybe annoyingly 765 00:35:06,040 --> 00:35:08,200 Speaker 1: so to a lot of people. We do. But we 766 00:35:08,239 --> 00:35:10,720 Speaker 1: will have show notes up for this episode and links 767 00:35:10,760 --> 00:35:13,919 Speaker 1: to the JD Power Survey, to policy genius and more 768 00:35:14,320 --> 00:35:17,160 Speaker 1: at our website how to money dot com. And if 769 00:35:17,200 --> 00:35:19,480 Speaker 1: you found this episode helpful, we would love for you 770 00:35:19,560 --> 00:35:22,719 Speaker 1: to leave a review over on Apple Podcasts. You know, 771 00:35:22,880 --> 00:35:25,040 Speaker 1: each one of those positive reviews helps us to get 772 00:35:25,040 --> 00:35:27,040 Speaker 1: the word outs of those who don't know about the show, 773 00:35:27,440 --> 00:35:29,279 Speaker 1: So thank you for helping us get the word out. 774 00:35:29,560 --> 00:35:32,239 Speaker 1: All right, buddy, until next time, Best friends Out best 775 00:35:32,280 --> 00:35:32,839 Speaker 1: friends out