General Discussion

sinkingfeeling

(51,461 posts) Thu Mar 12, 2015, 03:46 PM Mar 2015

Did you know that if you cancel your Esurance policy, you're charged $50?

I inherited a Lexus last fall and decided to try Esurance. They sent me some silly thing to plug into the car's computer and had a fairly decent rate. So I paid for 6 months. As the renewal is coming up April 1, I contacted another local agent and they came within $1 of Esurance's rate, so I took it. When I called Esurance to cancel they informed me they would be taking $50 from my rebate!

I have been dealing with car insurance for the last 50 years and I have never been charged for canceling a policy. What do you think about this?

5 replies

= new reply since forum marked as read

Highlight:

Did you know that if you cancel your Esurance policy, you're charged $50? (Original Post) sinkingfeeling Mar 2015 OP

And the fine print said????? dixiegrrrrl Mar 2015 #1

You're right. I just read the policy information and not the fine print. sinkingfeeling Mar 2015 #2

I wish I had half the money it took for me to learn by experience. dixiegrrrrl Mar 2015 #3

Well, that does suck. SheilaT Mar 2015 #4

I had esurance for two years, the premiums kept climbing for no reason, went from $70 a month to djean111 Mar 2015 #5

dixiegrrrrl

(60,010 posts)

1. And the fine print said?????

Reply to sinkingfeeling (Original post)

Thu Mar 12, 2015, 03:56 PM

Mar 2015

I just assume any corp. or biz is designed to rip me off ( hardly ever wrong about that, damn)
and read reviews of a biz beforehand.

The very first 2 hits on Google under a search for "Esurance fees" shows comments about early cancellation fees.

I usually google for " biz X complaints" and a bunch of consumer reports will pop up.

sinkingfeeling

(51,461 posts)

2. You're right. I just read the policy information and not the fine print.

Reply to dixiegrrrrl (Reply #1)

Thu Mar 12, 2015, 04:05 PM

Mar 2015

dixiegrrrrl

(60,010 posts)

3. I wish I had half the money it took for me to learn by experience.

Reply to sinkingfeeling (Reply #2)

Thu Mar 12, 2015, 04:08 PM

Mar 2015

SheilaT

(23,156 posts)

4. Well, that does suck.

Reply to sinkingfeeling (Original post)

Thu Mar 12, 2015, 04:25 PM

Mar 2015

I learned a long time ago to read through almost any contract I'm going to sign. I taught my sons the same thing, and I was so proud of my oldest son when he was buying his first car and read the contract.

Next time I buy a house I'm going to request that copies of all the paperwork be sent to me ahead of time so that I can read everything, since there's not enough time at the closing.

djean111

(14,255 posts)

5. I had esurance for two years, the premiums kept climbing for no reason, went from $70 a month to

Reply to sinkingfeeling (Original post)

Thu Mar 12, 2015, 04:26 PM

Mar 2015

$115 a month, no accidents, very low miles a year. Then I got an email from Geico - $40 a month, I called to make sure it was not a trick, when I called esurance to cancel, not only were they very nice - they admitted they could not match Geico - but they refunded money to me, since they had already taken a payment for the month. No $50 penalty or whatever. And Geico has stayed the same for the last year and a half, so not a teaser rate.

Maybe things got more pricey with esurance when Allstate bought it?

Reply to this discussion