Insurance termination fee
I was insured with PemBridge last year, expire date on Oct 2nd, 2020. I notified them on Sep 2nd, I will not continue my insurance with them. But they charged me on Sep 8th on Auto and Sep 18th on Home for 2-month premium. Then in early Oct, I got one month refund. Today I got another mail say I owe them one month termination fee. It's really frustrating.
Someone can help me here? How to avoid this kind of termination fee in the feature? I signed one year contract, not multi-year, why insurance company can charge you anyway! Also how can they charge so early, coverage does not start yet. It's like the company pay their employee one month ahead! Does it ever happen? This is beyond greed!
In case anyone might wonder how much I pay insurance, I moved here in 2013, when I bought my car in Jan 2014, the first year insurance is $4900, since then I don't have any traffic violation, last year, my 2014 Honda Accord premium is $2900, and this year Pembridge raise my premium to $3300. I switch to sgI through agent, now it's 2700$. In the past 7 years, the total amount I paid for auto insurance is adding up more than my car, it's also more than my food spending. I have to save money for insurance than food. How pathetic I am.
Someone can help me here? How to avoid this kind of termination fee in the feature? I signed one year contract, not multi-year, why insurance company can charge you anyway! Also how can they charge so early, coverage does not start yet. It's like the company pay their employee one month ahead! Does it ever happen? This is beyond greed!
In case anyone might wonder how much I pay insurance, I moved here in 2013, when I bought my car in Jan 2014, the first year insurance is $4900, since then I don't have any traffic violation, last year, my 2014 Honda Accord premium is $2900, and this year Pembridge raise my premium to $3300. I switch to sgI through agent, now it's 2700$. In the past 7 years, the total amount I paid for auto insurance is adding up more than my car, it's also more than my food spending. I have to save money for insurance than food. How pathetic I am.