After receiving our 6 month car insurance premium bills an idea came to mind. I called and asked if we could get a discount on SCB's insurance since he was no longer driving to work and maybe only filled up his car once a month.
Turns out, we could!
I just received a refund check for $42.92!
So, his 6 month car insurance bill is now only $155.67! Mine is $362.51 still since I still drive my car to work and my car is newer and i had that one stop light issue that hasn't gone away yet.
Since these bills are paid every 6 months we take the amount we pay and multiply it by 2, then add our earthquake annual premium ($322) and our homeowners annual premium (261) and then divide by 12 figure out how much we need to set aside monthly to cover all our insurance bills.
Looks like we only need to set aside $135.00 a month to cover our annual insurance bills instead of $143.00.