The following is a paid advertisement for Geico :p
Back to the regular shorter notes, which may be good for those of you working through yesterday’s entry.
(today’s post: 223 words)
I’ve often been somewhat cynical of auto insurance since you’re forced to purchase it and inevitably you pay more into it than you get out of it. But for a moment in time, for me, it’s the other way around.
I signed on with Geico in August of 2007. I pay $315 dollars every six months: August 2007 ($315), February 2008 ($315), and August 2008 ($315). That’s $945 dollars given to Geico.
My car was involved in a hit-and-run. Geico initially assessed the damage at about $2000, but then tacked on another $1500 when the mechanics working on my car said the damage was more extensive than initially thought. I originally had to pay a $500 deductible, but now Geico is chasing after the guy who hit me instead of me - and they’ve already mailed me a check (even though I haven’t spent the $500 yet).
That means that I’ve given Geico about $950 and they’ve given me about $3500. Yes, it’s just a moment in time - but I have to admit that this particular moment with Geico is a good one.
I’m happy that not only did Geico pay for the damage, but that they didn’t fight the updated assessment. I’m also happy, since the Hartford likes to suggest otherwise, that Geico hasn’t mentioned dropping me for using their services.
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I think this means Geico won’t be “even” with me until August 2012!