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Billing loophole

May 13th, 2006 at 04:35 pm

Well, I feel like I found a billing loophole on my car/home insurance. Like many insurance plans, you can pay up front and avoid the $3 per month service charge. I am not at the point where I can pay in full, but I was able to get ahead of the payments. The last time they billed me was in March. It currently shows my next payment is due at the end of June. I have been paying a decent size flat amount each month, much more than the amount due. I just made my usual monthly payment, so it seems this will just push my next "due date" to the end of July. By paying this way it appears I am still able to pay monthly and I am avoiding the $3 monthly charge!! AND... the policy will be paid off 3 months early.

2 Responses to “Billing loophole”

  1. Thrifty Ray Says:

    found money!!! Good for you for figuring out a way to save that $3 per..every little bit truly helps!!

  2. mjrube94 Says:

    My insurance company will wave the $6 (!) installment fee if you allow them to automatically debit the amount from your bank account...

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