things they don't tell you...
I'll say what you're thinking on all things family, friends, food, fitness & fashion.
A couple weeks ago, an opportunity arose that could help improve our financial difficulties. No, I didn't win a few thousand dollars that helped us pay down debt BUT I was introduced to a Boston-based startup called Cinch Financial.
Cinch is a company that compares policies of top rated auto insurers, credit card rates, and mortgage rates. Their goal is to save people money on big ticket budget items such as credit card payments, mortgages and car insurance. Their advice is completely unbiased- companies can't pay to be recommended by Cinch.
I was a bit skeptical.
I am also desperate.
I gave it a try.
I was appalled at our $2400 auto insurance policy with Liberty Mutual so i decided to see what kind of savings Cinch could find us. On the Cinch homepage I clicked on BillSnap and uploaded pictures of my auto insurance bill. (I have paperless billing so i took a screenshot of the bill from my e-account. It worked just fine.) Within 24 hours I received a personalized email recommendation from the "Cinch Product Guru." The email claimed that I could save $1350/ year by switching my insurance. Say WHAAAAAAT?!
I was still skeptical.
I clicked on over to Geico.com. The commercial does claim that I can save hundreds and it is a Cinch recommended company. Somehow the magical (and creepy and big brother-ish) internet input my personal information into the Geico.com form. Within a few minutes I had a quote of over $1000 less than what I was paying to Liberty Mutual.
Geico called to confirm a few things on my application and a half hour later (no, not 15 minutes) I was a Geico customer.
Back in November of 2013, when hubs and I got married, we joined insurance. I left Commerce because hubs and his family had been with Liberty Mutual for over 11 years. We had also recently purchased condo insurance with them so I didn't do my research and just transferred policies. Our premium this past year was $2590. I do realize now, after talking to a number or friends and professionals, that is is a crazy number. Especially because neither of us drive new cars (high mileage, economy commuter cars- thank goodness for the 2006 Corolla!).
We now have a 6 month policy with Geico for $564.50.
I am aware that car insurance companies created 6 month policies in order to review your policy more frequently, increasing your premium based on violations. Two comments on this are: 1) This is an incentive to be a safe driver. 2) When policy renewal nears, I'll just look to Cinch to find me the best rate. The 6 month policy could actually work in MY favor.
Cinch does not yet offer condo/home insurance services, but when I mentioned to them that I would be interested in changing companies along with my car insurance, they didn't hesitate to help. The product guru sent over a couple of companies to look into including Geico. Coincidentally, when I was finished with Geico auto insurance, I was referred to a condo insurance specialist. They offered me a yearly rate of half what I was paying with Liberty Mutual.
Cinch Financial is just rolling out its services and is dedicated to understanding the needs of consumers. I am so excited to have been offered these services as it has already saved my family over $1400/ year.
Cinch Review Wrap-up
I want to offer a HUGE Thank You to Kerri over at Cinch Financial. The stars must have been aligned when she came across my recent post Financial Changes in 2015 (in collaboration with the Red Debted Stepchild). Without the help of Cinch Financial's Bill Snap, nearly $1500/ year would continue to disappear into thin air.
Please don't wait any longer. Click on over to Cinch Financial to see how much money you can save!
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About the Author
I am Dom. A mom, teacher, novice writer, cook, wine drinker, and so much more- filling the internet with unsolicited stories, questions, dreams, recipes, and advice. I'll be the voice that tells you what everyone is wondering but no one wants to ask!