• David J. Perrotto

How I saved over 700 a year on car insurance.


As many of us know in New York, car insurance is not optional. If you have a car, you need car insurance, and if you finance/lease a car, you need comprehensive car insurance. Many of us really love our cars. I love my Nissan Altima. I am on my second Nissan lease now, it drives like a dream, and is great on gas. One thing I don't love? My car insurance costs. The last 5 years I've had the two leases I have paid an ever-increasing cost for my insurance.

Even though I have been getting older, I haven't had an accident, and I have a clean driving record. I've heard excuses of raising my rate from anywhere glass being broken in my neighborhood, to Ice hail storms in midwest. Anything and everything to raise my payment every 6 months. Quite frankly, I was sick of it, and as many of you know, getting quotes from every carrier, all the time, is a time consuming tedious process, with tons of going back and forth to make sure the plan and discounts you are looking for match what you have now.

In comes Gabi. Gabi is a new type of insurance company. They even call themselves an insurance concierge. They are a full-service, online advisor who compares all your insurance options to find you the right policy, all in under two minutes. They hook directly up into your current policy and searches out cheaper policies. Gabi not only does auto insurance, but rentals, homeowners, and everything in between.

So how does it work? Gabi first scans your existing insurance plan, then compares rates from the 20 largest auto insurers that do business in your area. They then show you the rates of every carrier for the same policy and discounts and gives you the option to sign up on the spot for the cheapest insurance. Not only that, but they continue to monitor rates for you looking for the cheapest rate. Gabi says it finds an average savings of over $460 per year for more than 60% of its customers. 460 dollars can go a long way into a 529 plan, an IRA account, or even an HSA account. I myself was paying 185 a month for my insurance policy, and I now pay 119 through Gabi. A savings of almost 800 dollars a month!

There's no reason you’re still paying the same rate you were paying back in your youthful, less responsible years as a driver. Most of these insurance companies don't care for loyalty anymore, so why pay more to keep something that wouldn't do the same for you?

And as always, if you need any help with getting this going, don't hesitate to reach out to me at (718) 551 - 7131 or DPerrotto@ceteraadvisors.com


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