Thursday, October 13, 2011

Are you getting insurance through work @ a discount?

Do you think you are getting a good deal on insurance because you work at ECU, or drive a Hyundia and a company has contacted you and told you you get a discount for that?  Well here is what Consumer Reports says about that:  http://www.consumerreports.org/cro/magazine-archive/2011/july/money/this-insurance-deal-might-cost-more/overview/index.htm

What I see happening is that the initial premium is very attractive, making it appear that you are getting a discount. But, have you ever heard how to boil a frog? Put him in cold water on the stove and slowely turn up the heat, he won't notice!  That's what happens to the premiums as you renew. 

Just thought you might want to know.

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