The Money Mustache Community
Around the Internet => Antimustachian Wall of Shame and Comedy => Topic started by: 153 on April 04, 2013, 01:50:43 PM
-
Got this email today from an insurance agent. I shopped for new renter's insurance, and found a cheaper one and was arranging to switch to the new provider. His response to my "what are the next steps" email:
"We can make it effective today. I would just need to take payment. If we set you up with automatic payments, we only have to take one month down. If we just bill you every month, then 2 months down. "
This was for a $180 annual premium.
I was flabbergasted that people choose monthly payments, with a $3-$5 service charge, for a <$200 premium!
-
they offered me the same option when I was in Grad school (>8K per year) - even then 200USD was easy to come up with
-
They didn't give me the option to pay semi annually. I can, they just won't inform me ahead of time or send me notices that they are increasing my premiums until it's fait accompli. I'm looking for a new company. And I'm beginning to hate all insurance companies.