The good news is I’ll be getting a check in about three weeks. Since I cancelled my old auto insurance after paying most of the premium, I’ll be receiving $2,819 in the mail. I’ll put the remainder of the premium due on my new insurance into a savings account where it can earn some interest as I pay the company every month.
Since this month’s been a little tight, any part of the refund left over after paying for my new insurance will probably go to ease the effect of this month’s bills.
Updated February 6, 2012 and originally published June 14, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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I get a good discount if I pay my insurance (progressive) policy in full every six months. I typically put it on my discover card, make the extra 1+ percent, and pay it off that month.
For me, the cheapest plan was to let them automatically deduct one twelfth of my premium each month.