I saved $355 this week, after two five minute phone calls.
No, this isn’t another post about how you can save money by calling up your cable provider and asking for discounts (although that’s certainly a good thing to do too.)
This is a post about paying attention. Simply put, paying attention to your finances pays.
And NOT paying attention can be costly.
Here’s what happened. My son recently got his driver’s license. So of course I added him to the car insurance policy. They had a couple of questions for me, told me the new rate (which was about what they’d mentioned previously when I’d called to get a general idea), and said I’d be receiving a bill in a few weeks.
So no problem.
But then I got the paperwork explaining the changes to the policy. A quick glance at it showed me that they had listed my son as an occasional driver on my husband’s car. A car which he probably will never drive. (Heck, I almost never drive it.) I stick to my own car, and that’s the car my son will borrow now and then until he gets his own.
So I called them up and explained that my son would be driving my car. They switched him to the correct car, and the rate went down by about $300. If I hadn’t noticed that Vehicle 03 equated to my husband’s car instead of mine, I’d have paid $300 more every six months than I needed to. Talk about finding a way to save money on car insurance.
Then the next day, I received a bill from the urgent care. I thought I’d already paid them what I owed, so I gave them a call. Turns out that asking for a receipt resulted in a statement being generated — a statement that looked like a second bill because there’s still a balance due. (I just don’t owe that amount.) Again, if I hadn’t paid attention, I would have paid an extra $55.
It definitely pays to look over anything you’re sent that’s money-related. It only takes a minute to scan statements and bills for errors or unusual charges, but the savings can be substantial.Posted in Insurance on 05.13.10 with 19 comments.