When it comes to your insurance policy? Yes, there are a lot of times when adjusting the start and finish date of your policy can save $100’s of dollars. Here are some ideas.
- You don’t have insurance right now, GET SOME. Think of this as a temporary policy. So you get a policy right now and a month from now go shopping. Since you are now shopping with prior insurance you will likely get a better rate
Here is a link to a terribly written article; http://boingboing.net/2013/01/29/american-insurers-charge-reckl.html
Like most garbage there is a “catchy” headline and zero to no substance behind it. This article tries to study insurance rates and say that “rich” people get better rates. Now although I am not a scientist I know that when running an experiment you must keep as many factors equal as possible. This “experiment” did not. The facts;
Using two hypothetical characters the group compared premiums offered to two 30-year-old women. Both had driven for 10 years, lived on the same street in a middle-income Zip code and both wanted the minimum insurance required by whichever state the group was researching.****Using the minimum insurance required already screws up this experiment. Having the lowest coverage required makes you look irresponsible*****
Interesting day last week. Had a few minutes before a meeting so I stopped into Office Depot to buy some markers . No big deal, like a $5 purchase and at 9:00 in the morning there is no one there. Then Bobbi and I met at the register. I really like that Office Depot will e-mail me my receipt; 1 less piece of paper, easier for tracking. Today Bobbi decided he wanted to make the decision for me and pressed “print receipt” . I said Bobbi why did you do that he said he was moving things along. At this point there were 8 or so employees in the store and 1 customer, none of which were on line with me.
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Two quick lessons from a cashier and a barber
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So the paperwork for my renewal came in the mail this past week. Just like millions of other people I went and looked at the rate. So now what? Well here are some things I look for in my own renewal, as well as yours when I have the chance to renew it;
- Is it correct? Yes, is it correct. Is my name spelled right, are the right vehicles there are all my discounts correct. Before you think about the rate lets make sure the basics are correct.