OT: Tiered Auto Insurance Rates Saves Me 47%

My insurance agent called to tell me that Travelers Ins Co has lowered my auto insurance premium. They are lowering my annual premium by about 47%!
She said that Travelers has adopted the new "tiered auto insurance system."
http://www.carsdirect.com/car-insurance/understanding-how-auto-insurance-companies-use-the-tier-system
The decrease in my monthly premium (4 cars and 4 drivers, 2 of which are college students) basically covers the monthly payment we're making on a used car that we bought for my daughter last summer. With some creative accounting, one could almost say that the car was free. ;-)
I'm hoping they adopt a tiered system for homeowner's insurance too. Maybe the discount will equal my mortgage payment. ;-)
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On 12/18/2015 3:58 PM, DerbyDad03 wrote:

That is a dramatic change. Tiered makes a lot of sense. I just got a $200 increase for the rest of the year because I bought a new car. Maybe time to shop around again.
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