Can I Get Better Insurance Rates Through an Association?

What's Hot


2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

5 Surprising Benefits of Exercising Outdoors in WinterFamily

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

17 Ways to Have More Fun for Less MoneySave

This Free Software Brings Old Laptops Back to LifeMore

30 Household Uses for Baby OilSave

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

Considering a Fixer-Upper? 15 Ways to Avoid a Money PitGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Healthful Treats for Your DogFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

20 Tips for Buying a Home in the Best Location, Location, LocationGrow

30 Awesome Things to Do in RetirementCollege

New Study Ranks the Best States in the U.S.Family

6 Overlooked Ways to Save at Chick-fil-AFamily

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

House Hunters: Beware of These 6 Mortgage MistakesBorrow

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

10 Ways to Save When Your Teen Starts DrivingFamily

The True Cost of Bad CreditCredit & Debt

You’ll Soon Pay More to Shop at CostcoSave

Marijuana Stocks Flaming Out Under TrumpFamily

21 Restaurants Offering Free Food Right NowSaving Money

Want better insurance rates? Join the club – just don't expect a membership discount. A recent Consumer Reports investigation found that policies quoted through associations like AARP were sometimes cheaper and sometimes pricier than the non-membership rates.

Being a card-carrying member of an association like AARP or AAA has its perks, including discounts on everything from food to travel.

As it turns out, though, one area where you might not save is insurance. That may sound weird, given how heavily such associations  advertise insurance offers – at least until you read articles like this recent one from Consumer Reports, which points out that AARP Services, “the for-profit arm of the nonprofit membership organization…collected almost $657 million in royalty revenues from the sale of insurance and other products and services in 2009.”

Big business for them, but not necessarily a big discount for you – turns out insurance may even be more expensive through an association. Consumer Reports found it varied from person to person. Money Talks News founder Stacy Johnson has the details in the video below, so check it out and then read on to learn the best ways to save on insurance.

As Stacy said, insurance discounts are hit-and-miss. One Consumer Reports staffer saw a 3-percent discount through an association, while another saw a 14-percent price hike. When I got an online auto quote from AAA , despite my membership, the best rate offered was about 1 percent higher than my current policy,which is from the same company AAA uses – Progressive. Thanks for nothing.

At least there’s a lesson here. When it comes to saving on insurance, never make an assumption. Always shop it, and do it regularly. You can try it right now with our insurance search tool, which can help you find rates on auto/motorcycle, health, home, and life insurance policies. The National Association of Insurance Commissioners can point you to state government resources on insurance too.

Need more ideas to save? In The 5 Golden Rules of Saving on Insurance, Stacy explains his approach, breaks down his policies, and offers some great advice – including keeping notes so you know what you have, what you need, and can make easy comparisons across policies. We’ve also recently written about several kinds of insurance:

If you have a specific question about insurance, you can always drop Stacy a line. Your question, and the answer, might end up in a column like this one: Ask Stacy: How Can My Car Insurance Go Up Like This?

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 7 Things Worth Paying More For

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 2,021 more deals!