Is "First Accident Forgiveness" Important?
As I said in another post, my wife and I have a 2002 CIVIC. We haven't had any accident for 9 years.
I am currently with John's. They increased my premium around 40-50% from 140 something to around 190 in 5 years. My current policy will expire on July 1st. I was shopping around. Smartcoverage gave me around $148 a month. I will save around 40 bucks a month, 480 bucks a year. So I already agreed to go with Smartcoverage on the phone today. However, Smartcoverage doesn't have "First Accident Forgiveness" while John's offers this feature. When I told my wife this evening, she doesn't feel comfortable with that.
Do you guys think the "First Accident Forgiveness" is worth 500 bucks a year? If so, can I cancel the policy with Smartcoverage? I just talked to them today. It won't take into affect until July 1st. Does auto insurance have something like 10 days cooling period? My current policy will expire July 1st.
How do you guys think about that? Thanks!
I am currently with John's. They increased my premium around 40-50% from 140 something to around 190 in 5 years. My current policy will expire on July 1st. I was shopping around. Smartcoverage gave me around $148 a month. I will save around 40 bucks a month, 480 bucks a year. So I already agreed to go with Smartcoverage on the phone today. However, Smartcoverage doesn't have "First Accident Forgiveness" while John's offers this feature. When I told my wife this evening, she doesn't feel comfortable with that.
Do you guys think the "First Accident Forgiveness" is worth 500 bucks a year? If so, can I cancel the policy with Smartcoverage? I just talked to them today. It won't take into affect until July 1st. Does auto insurance have something like 10 days cooling period? My current policy will expire July 1st.
How do you guys think about that? Thanks!