After totaling my car last June (1 day before i paid my insurance premium), I received my first premium quote from Geico on Saturday with my new car and accident taken into account.
I was pleasantly surprised as my premium only increased $100 (every six months). However, just because I was expecting close to a $200 increase and only saw my bill increase $100, I wasn’t going to thank my lucky stars and let my premium be charged to my card in a few months. I went into my bill and I found something that i hadn’t discussed with the insurance agent when I put my new Sonata on my plan. Apparently, Geico put “Mechanical Breakdown Insurance” on my premium for $45.84 each period without notifying me. Now, I bought the Sonata in part because of its warranty. I’ll be dipped if I was going to pay $100 a year that I would never need because my car is covered bumper to bumper under the manufacturer’s warranty.
I called Geico, had that part of my premium removed and went on my merry way. The old me, would have just accepted the premium as it was and said, “That’s just what it costs” and moved on. I was thrilled to save the $100 a year by taking 5 minutes to review my bill and made sure it was exactly as I wanted.
Take a look at your insurance premium sometime this week. Does it cover something on your vehicle that is already under warranty?