Don’t worry. This isn’t going to be one of those posts where I try to convince you to switch insurance companies. Heck, I’m not even going to tell you how you can save money, well, at least not in the way you think I am. Some aspects of insurance policies are cut and dry, common sense stuff. However, making a few tweaks here or there can make things easier on you and your bank account in the future.
Two Things you need to know about insurance
- Glass coverage. There are only a few states in the US where insurance companies can offer this option, Arizona being one of them. For a few extra bucks a month, you can opt into full glass coverage. So in a nutshell, if you get a rock chip that just annoys the heck out of you, call your insurance company and get it replaced at no cost to you.What? Your son just threw a rock through your trucks back window? You can say, “Nice throw! No worries son. It won’t cost me anything!”
Without full glass coverage, you’re stuck paying a hefty deductible or full cash price for glass replacement. In my book, a few bucks a month is always better than a surprise few hundred.
Here’s a list of states with their glass coverage laws. Only a handful offer full glass coverage with no deductible.
- Beware of automatic payments. If you’re living paycheck to paycheck and things are tight, a $34 insufficient funds fee from the bank is never a good thing. So if you are with an insurance agency in Columbus OH and they offer the option, setting up automatic payments is a good thing, but use a debit/credit card instead of your bank information. If you don’t have enough in your account, a direct withdrawal will always result in a bank fee, whereas a debit/credit card attempt won’t.
Again, not rocket science, but definitely worthy of paying some attention to.