Month To Month



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Thread: Month To Month

  1. #1

    Month To Month

    Hi i was wondering if anyone knew any company's which offer month to month other than state farm. I'm planing on insuring for a few months then canceling my policy.

    Thanks

  2. #2
    gjones4487's Avatar
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    Ahah when I first saw that title I thought it read "Mouth to Mouth"

    But I believe TD does
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  3. #3
    jeffjones's Avatar
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    Re: Month To Month

    Quote Originally Posted by gjones4487 View Post
    Ahah when I first saw that title I thought it read "Mouth to Mouth"
    I thought the exact same thing lol.

    I think Jevco does as well if you don't have a SS.
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  4. #4

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    Re: Month To Month

    TD is 7 months I believe and Jevco is changed to 6.
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  5. #5

    Re: Month To Month

    trying to insure a R6 at the age of 22, not easy guys. But thankss

  6. #6
    jonpurdy's Avatar
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    Re: Month To Month

    Keep in mind that insurance is calculated for the year, with the summer months paying a higher percentage of the costs. WHen they do month to month, they split it up over the year to make it even. Which means that if you start in May and cancel in October, you'd actually have to pay them the remainder of what's due since they'd assume you'd be paying it evenly.

    Those who know more than me, correct me if I'm wrong.

  7. #7
    VifferFun's Avatar
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    Re: Month To Month

    Quote Originally Posted by jonpurdy View Post
    Keep in mind that insurance is calculated for the year, with the summer months paying a higher percentage of the costs. WHen they do month to month, they split it up over the year to make it even. Which means that if you start in May and cancel in October, you'd actually have to pay them the remainder of what's due since they'd assume you'd be paying it evenly.

    Those who know more than me, correct me if I'm wrong.
    You are correct -- for the details, refer to my cancellation sticky threads.
    I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)

    Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.

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