Should you get car insurance through your credit union?

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If you’re a credit union customer, you may get a solicitation in the mail saying that you’re paying too much for car insurance and can get a better rate through the TruStage Auto & Home Insurance Program.

But can you really save with TruStage? We got quotes from them and some competitors to find out…

RELATED: Best and worst auto insurance companies

TruStage: How their quote stacks up against the competition

Many credit unions partner with third-party industry organizations like CU Solutions Group and its LoveMyCreditUnion.org portal to offer their members discounts on cell service, tax prep, home security monitoring and any of a variety of other services.

One part of this affinity program for credit union members is a potential discount on car insurance through TruStage.

Recently, I got the following letter in the mail pitching me on how TruStage could save me up to $509 on car insurance:

trustage letter auto insurance pitch

I wanted to find out if it was true. The only way to know that was to get a quote from TruStage and several other car insurance players. Since they name-checked State Farm, Allstate and GEICO in the letter, I decided to go with those options.

I obtained quotes from each player online, except for TruStage, for which I used the 800 line and my personal invitation number on the letter.

The quotes you’ll see below were obtained for:

  • A 43-year-old man, widowed
  • Driving a 2007 Hyundai Sonata
  • Commuting four days a week to/from work and school
  • A daily one-way commute of 30 miles
  • 15,000 annual miles
  • Employed full-time
  • Master’s degree
  • One speeding ticket in the past 12 months (less than 14 miles per hour over the speed limit)

A couple of notes before we get into the quotes from TruStage and the others: Even though you can typically save by bundling both your home and auto policy with the same insurer, I specifically declined this option. I felt it was the most honest way to assess the claim TruStage made in its letter, which honed in specifically on auto insurance.

Another caveat: You may see minor differences in the level of coverage from quote to quote. That’s because the insurer’s website defaulted me into preset amounts during the application process. I left these minor variances intact to reflect exactly how the quotes came to me.

So without further ado, here are the quotes:

GEICO

$694.30 for a six-month policy

geico100 auto insurance quote

geico25 car insurance quotegeico50 auto insurance quote

Geico75 car insurance quote

State Farm

$712.94 for a six-month policy

statefarm1 car insurance

state farm auto insurance quote

Allstate

$852 for a six-month policy

($742 if paid in full)

allstate1 car insurance

TruStage

$633 for a six-month policy

($1,266 for a 12-month policy)

trustage auto insurance quote

Analysis of quotes

Well, there you have it. TruStage was indeed cheaper than three other competitors and beat the next nearest company (GEICO) by $61.

Membership in a credit union really does have its benefits!

One final thought: The quotes above all included comprehensive and collision coverage with a $500 deductible. Because of the age of my vehicle, I’m going to drop comp and collision at the time of my next renewal, which is coming up in a few months. That will save me several hundred dollars by itself.

Money expert Clark Howard has a rule of thumb when it comes to when you should drop comp and collision. Get all the details here.

More insurance stories on Clark.com

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Theo Thimou About the author:
Theo has co-written several books with Clark Howard, including the New York Times #1 bestseller Living Large in Lean Times. As a single widowed parent of two young children, he strives to bring unique savings tips to men and women like him who must face life without their spouses. He can be reached at [email protected]
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