All of those catchy little jingles of the top insurance companies state something about them being on your side or there for you. They make it sound like they just want what’s best for you, and want to make things as easy as possible, should something go wrong. Unfortunately, it simply isn’t true. It doesn’t matter how cheery the customer service representatives are or how user-friendly the website is. Don’t be fooled by the helpful little welcome packages they send you with cute Band-Aids donning the company’s logo and a fun refrigerator magnet with cold and flu season tips. The very business model of an insurance company means that if they’re truly on your side when something goes wrong, they lose money. So they have a lot of tactics—so, so many tactics—to make it sound like they’re just trying to get the facts and do what’s best for you, while they’re actually just finding a way to spend as little as possible to help you. You pay a lot for insurance—between health, car, and maybe home insurance—and you deserve to know the facts. Here are things insurance companies don’t want you to know.
They try to intimidate you with deductibles
They will try to pressure you to go for that high monthly premium in order to bring down that deductible. If you try to go for the low monthly, they’ll ask you, “And you’re sure you could pay the deductible if it came to it? We wouldn’t want you to be financially devastated by an event…” Aw. Don’t they sound so helpful?