Something similar happened to me this year.
I got my papers in the mail like normal, but my broker company had terminated their relationship with my old insurance carrier, so they put me on a new plan.
This new plan didn't have the 'feature' to be paid out monthly, so they would 'offer' to finance it for me. For 10%! Plus there was now a 'paper work' fee of $45!
So even though my insurance went down some $200 per year, I was paying $2 more per month becuase of financing charges and that stupid paper work fee.
That same day I did some phoning around and changed brokers. My insurance rate went down by %30 because I took 15min to call some people from a phone book.
So for everyone out there, when it comes time for you to review your policy this year take a bit of time to shop around please!
It will save you money. (So you can afford those pulleys and CAI you've always wanted.)
------------------
Mike
-Please pass the vodka!-
I got my papers in the mail like normal, but my broker company had terminated their relationship with my old insurance carrier, so they put me on a new plan.
This new plan didn't have the 'feature' to be paid out monthly, so they would 'offer' to finance it for me. For 10%! Plus there was now a 'paper work' fee of $45!
So even though my insurance went down some $200 per year, I was paying $2 more per month becuase of financing charges and that stupid paper work fee.
That same day I did some phoning around and changed brokers. My insurance rate went down by %30 because I took 15min to call some people from a phone book.
So for everyone out there, when it comes time for you to review your policy this year take a bit of time to shop around please!
It will save you money. (So you can afford those pulleys and CAI you've always wanted.)
------------------
Mike
-Please pass the vodka!-