Paying for car insurance

Cloud · 10-01-2009, 01:18 PM

My insurance gives me the option of paying the whole 6 months at a time, for about a $50 discount. I was just wondering . . . does anybody do this/think this is worth it? Or do we all just pay month by month?

classicman · 10-01-2009, 01:23 PM

I say pay all 6 if you can - why wouldn't you? Are you not going to need it or something?

Cloud · 10-01-2009, 01:28 PM

I dunno. It just seems like for convenience and budgeting, a monthly amount is easier to handle, even if it does cost a bit more.

glatt · 10-01-2009, 01:29 PM

If you have the money, I'd pay it all now. You'll save $50! If you don't have the money, then month to month it is.

This is why poor people stay poor. This is just one example of how poor people end up paying more for the same products and services that wealthier people get for a lower price.

Shawnee123 · 10-01-2009, 01:32 PM

Good point glatt.

I would pay it all, if you have the resources, just to not have to worry about it every month. But I'm forgetful. Until I went on BILLPAYER 2000 (it's an automatic bank deduction every month, but I have to laugh, it reminds me of Leisure Suit Larry) I forgot my electric bill TWICE and came home to no electric, and too late to get it turned on that night.

monster · 10-01-2009, 01:41 PM

lump sum, get the discount, no contest.

classicman · 10-01-2009, 01:43 PM

Suppose you found a $100.00 - If you could, would you pick it up?

Cloud · 10-01-2009, 01:47 PM

sure.

and spend it all on books.

the monthly budgeting is harder, though. I'd have to remember to pay into my savings an equivalent amount each month, in order to have enough for the next lump sum installment. Which is harder to do.

monster · 10-01-2009, 01:50 PM

set up an automatic payment

Cloud · 10-01-2009, 01:51 PM

no, I HATE those. I want to be able to move my own damn money. I'm the only one in my office who doesn't even have direct deposit of their paycheck. Which means I get my money one day earlier, even if I have to deposit the thing myself.

Pie · 10-01-2009, 01:53 PM

We went auto on everything we could. It's done wonders for our credit rating.

Madman · 10-01-2009, 01:54 PM

All at once if you can.

It's weird how things like that and similar to it are figured. Auto insurance isn't so bad. Pay the full six and you get the discount. With mine all I would save is the monthly fee of $3.00. That would amount to $18.00 or a six-pack of Redi-Whip.

monster · 10-01-2009, 01:54 PM

then write a note in your diary.

xoxoxoBruce · 10-02-2009, 12:49 AM

Quote:

Originally Posted by Cloud

no, I HATE those. I want to be able to move my own damn money. I'm the only one in my office who doesn't even have direct deposit of their paycheck. Which means I get my money one day earlier, even if I have to deposit the thing myself.

I'd get my paycheck on Thursday, deposit it on the way home from work, and the money wouldn't be in my account until Monday or Tuesday. With direct deposit, the money is there Wednesday midnight, without fail... at least for the past 6 years.

plthijinx · 10-02-2009, 02:23 AM

when i bought my truck in july i paid for 6 months insurance off the muscle. even though i wasn't (and am still not) working. got it done to get it over with and not have to worry about until december/january. if you have the resources, by all means do it. pay it all at once.

10-01-2009, 01:18 PM	#1
Cloud ... Join Date: Feb 2007 Posts: 8,360	Paying for car insurance My insurance gives me the option of paying the whole 6 months at a time, for about a $50 discount. I was just wondering . . . does anybody do this/think this is worth it? Or do we all just pay month by month? __________________ "Guard your honor. Let your reputation fall where it will. And outlive the bastards!"

10-01-2009, 01:23 PM	#2
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	I say pay all 6 if you can - why wouldn't you? Are you not going to need it or something? __________________ "like strapping a pillow on a bull in a china shop" Bullitt

10-01-2009, 01:28 PM	#3
Cloud ... Join Date: Feb 2007 Posts: 8,360	I dunno. It just seems like for convenience and budgeting, a monthly amount is easier to handle, even if it does cost a bit more. __________________ "Guard your honor. Let your reputation fall where it will. And outlive the bastards!"

10-01-2009, 01:32 PM	#5
Shawnee123 Why, you're a regular Alfred E Einstein, ain't ya? Join Date: Jun 2006 Posts: 21,206	Good point glatt. I would pay it all, if you have the resources, just to not have to worry about it every month. But I'm forgetful. Until I went on BILLPAYER 2000 (it's an automatic bank deduction every month, but I have to laugh, it reminds me of Leisure Suit Larry) I forgot my electric bill TWICE and came home to no electric, and too late to get it turned on that night. __________________ A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby

10-01-2009, 01:41 PM	#6
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	lump sum, get the discount, no contest. __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

10-01-2009, 01:29 PM	#4
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	If you have the money, I'd pay it all now. You'll save $50! If you don't have the money, then month to month it is. This is why poor people stay poor. This is just one example of how poor people end up paying more for the same products and services that wealthier people get for a lower price.

10-01-2009, 01:43 PM	#7
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Suppose you found a $100.00 - If you could, would you pick it up? __________________ "like strapping a pillow on a bull in a china shop" Bullitt

10-01-2009, 01:47 PM	#8
Cloud ... Join Date: Feb 2007 Posts: 8,360	sure. and spend it all on books. the monthly budgeting is harder, though. I'd have to remember to pay into my savings an equivalent amount each month, in order to have enough for the next lump sum installment. Which is harder to do. __________________ "Guard your honor. Let your reputation fall where it will. And outlive the bastards!"

10-01-2009, 01:50 PM	#9
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	set up an automatic payment __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

10-01-2009, 01:51 PM	#10
Cloud ... Join Date: Feb 2007 Posts: 8,360	no, I HATE those. I want to be able to move my own damn money. I'm the only one in my office who doesn't even have direct deposit of their paycheck. Which means I get my money one day earlier, even if I have to deposit the thing myself. __________________ "Guard your honor. Let your reputation fall where it will. And outlive the bastards!"

10-01-2009, 01:53 PM	#11
Pie Gone and done Join Date: Sep 2001 Posts: 4,808	We went auto on everything we could. It's done wonders for our credit rating. __________________ per·son \ˈpər-sən\ (noun) - an ephemeral collection of small, irrational decisions The fun thing about evolution (and science in general) is that it happens whether you believe in it or not.

10-01-2009, 01:54 PM	#12
Madman has left the building. Join Date: Aug 2006 Posts: 455	All at once if you can. It's weird how things like that and similar to it are figured. Auto insurance isn't so bad. Pay the full six and you get the discount. With mine all I would save is the monthly fee of $3.00. That would amount to $18.00 or a six-pack of Redi-Whip.

10-01-2009, 01:54 PM	#13
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	then write a note in your diary. __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

10-02-2009, 02:23 AM	#15
plthijinx Master Dwellar Join Date: Aug 2003 Posts: 4,197	when i bought my truck in july i paid for 6 months insurance off the muscle. even though i wasn't (and am still not) working. got it done to get it over with and not have to worry about until december/january. if you have the resources, by all means do it. pay it all at once. __________________ For your dreams to come true, you must first have a dream.

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