Miles for Insurance?
May 13, 2004 | 8:43 pm
#17
Join Date: Jul 1999
Location: Sacramento, CA
Programs: AA Exec Plat, Hyatt,Marriott,BA,AS
Posts: 4,535
Originally Posted by RCC
What I would like to know JimChi is how do you pay what you amount you desire? Do you mean, you pay a certain % in cash/check & balance in credit card? Or lets assume that you monthly premium is $100, you can decide to pnly pay $65 that month & the balance "when ever?"
Ric
1) pay your balance due in full with a credit card
2) pay the monthly amount of your premium (e.g 1/12th of your premium plus a $3.50 fee a month for making monthly payments)
3) pay some other amount (I, for example, pay 3 months at a time so I just enter 1/4th of the yearly premium plus 3.50). If I wanted I could just enter $100 or any amount I want.
They also have an electronic withdrawal option from your checking account- same options as above. So you could combine payment by credit card with payment from your checking account. All they care is that they get the minimum payment specified, which is normally one month's premium.
May 14, 2004 | 9:31 am
#19
Original Member
Join Date: May 1998
Location: Rochester, NY USA
Programs: Hilton - Diamond, IHG - Platinum
Posts: 1,433
Originally Posted by Mikey likes it
PS. I know that State Farm, Allstate and Nationwide all take cc, but typically only for full payment, which is typically 6 mos. coverage.
Larry
May 14, 2004 | 9:34 pm
#20
Join Date: Sep 2001
Location: fort worth, tx AA Gold,Best Western-Diamond, HH- Gold, Marriott-Silver
Posts: 2,737
An answer to your question?
Originally Posted by bhatnasx
Thanks!
I was just wondering if there were any companies that actually offered miles as an incentive for doing business with them.
I was just wondering if there were any companies that actually offered miles as an incentive for doing business with them.
May 14, 2004 | 11:21 pm
#21
Suspended
Join Date: Apr 2004
Location: EastBay, Ca
Programs: AA PLT; SPG PLT;
Posts: 9
Originally Posted by aaronma
Second that. Working in the insurance industry, the things you are should be looking for (in order) in an insurance policy are:
1) Claims paying ability <- Whether or not your valid claim will be paid
2) Service <- Whether or not you'll be able to communicate with your broker/carrier
3) Coverage <- Whether or not certain things are covered
4) Rating <- Not quite as important as most people think, as 1) is more indicative than rating. Unless you go for a "D" rated company, it's unlikely your company will go belly-up in a year
5) Price <- Last on the list. Because if #1, #2, #3 or #4 are lacking, it doesn't matter what #5 is. The most expensive insurance is the one that doesn't take care of you.
1) Claims paying ability <- Whether or not your valid claim will be paid
2) Service <- Whether or not you'll be able to communicate with your broker/carrier
3) Coverage <- Whether or not certain things are covered
4) Rating <- Not quite as important as most people think, as 1) is more indicative than rating. Unless you go for a "D" rated company, it's unlikely your company will go belly-up in a year
5) Price <- Last on the list. Because if #1, #2, #3 or #4 are lacking, it doesn't matter what #5 is. The most expensive insurance is the one that doesn't take care of you.
Minor disagreement with #4....even A-rated carriers went down quickly in 2001-2002, ie Legion, Reliance, etc........rating is not as important, correct...however, true financial stablility is......Most brokers will let you use Credit Cards to pay the monthlies AND will keep you abreast of the insurance carrier's finances (at least mine does)
I use AMEX for all insurance transactions....and they hit the card automatically every month for personal and corporate insurance policies. Mega miles on that stuff.
May 15, 2004 | 5:36 pm
#23
Original Poster
FlyerTalk Evangelist
Join Date: Feb 2003
Location: Greener Pastures
Posts: 10,515
Originally Posted by wldtrvlr
Since there are now two pages of comments and not a single answer to your question, I will answer it. I don't know of any insurance companies that will give you miles for being insured with them. However, if you want to pay with a credit card to earn miles just like any other purchase, check out your company of choices' website. But you already knew that, so the answer to your questions as far as all the posters know is No.
Just as an FYI if anyone that lives in any of the bolded states & the the info that prompted me to ask this question about VA:
From Pgary's site (click Finance & then Insurance)
All Nippon Airways Airlines insurance offers All Nippon airways lists a number of offers of miles for purchase of automobile, travel, golfer, medical, and cancer insurance.
Insurance and Singapore Airlines Royal and SunAlliance offers 5 Singapore Airlines miles for every US$1.00 spent on selected insurance products in Singapore, Malaysia and Hong Kong. I do not know what kinds of insurance this company offers.
AIG insurance quote and Hawaiian Airlines AIG will give residents of the Hawaiian Islands 250 Hawaiian Airlines miles for obtaining a free quote for automobile or home owner's insurance from them. Call (808) 544-3944 (Oahu) or (800) 426-0114 (Neighbor Islands).
Sentry Insurance quote and Midwest Airlines Sentry Insurance will give residents of Wisconsin, Indiana, Kentucky, Illinois, Missouri, Ohio and Arizona 500 Midwest Airlines miles for obtaining a free quote for automobile or home owner's insurance from them. Call 800-3SENTRY. "Eligible Midwest Miles Members may receive a 5 percent discount on select auto and homeowners policies." Info here.
May 16, 2004 | 8:51 pm
#24
Join Date: Dec 2002
Location: eastern Europe & NC
Posts: 4,528
I currently have Geico and have paid by credit card for miles. The last time I renewed I was told that the policy was changing and that they would no longer be taking credit cards by the time my next renewal rolled around. That is enough reason to change insurers if I can find a rate in the same ballpark, which they have certainly motivated me to try to do!
May 17, 2004 | 11:38 am
#25
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Join Date: Feb 2003
Location: Greener Pastures
Posts: 10,515
That's very odd - because I've definitely been using a CC with Geico for as long as I have had them & I just renewed a few months ago. I guess I'll find out in September when it comes time to renew. I just called Geico & they said that there's no such change as far as they knew.
I'm curious whether different insurance companies base one's ability to pay with a credit card for their services on their insurance ratings.
I'm curious whether different insurance companies base one's ability to pay with a credit card for their services on their insurance ratings.
May 17, 2004 | 7:33 pm
#26
Join Date: Feb 2003
Location: LAX
Programs: NW Plat Elite, SPG Gold, National Emerald Club
Posts: 465
Originally Posted by ofrasca
[FONT=Arial]Minor disagreement with #4....even A-rated carriers went down quickly in 2001-2002, ie Legion, Reliance, etc........rating is not as important, correct...however, true financial stablility is......Most brokers will let you use Credit Cards to pay the monthlies AND will keep you abreast of the insurance carrier's finances (at least mine does)
However, an "A" rated company is probably less likely to fail than a "D" rated company -- (probably)
Jun 5, 2004 | 1:17 pm
#28
Join Date: Apr 2001
Location: USA
Posts: 8,081
Geico
Originally Posted by Carolinian
I currently have Geico and have paid by credit card for miles. The last time I renewed I was told that the policy was changing and that they would no longer be taking credit cards by the time my next renewal rolled around. That is enough reason to change insurers if I can find a rate in the same ballpark, which they have certainly motivated me to try to do!
Jun 30, 2004 | 6:54 pm
#29
Suspended
Join Date: Apr 2004
Location: EastBay, Ca
Programs: AA PLT; SPG PLT;
Posts: 9
For CA residents only, you can get miles (over and above the credit card charge) Call Gary or Rich at 510.690.9111
Originally Posted by bhatnasx
I just turned 25 & was hoping to get my car insurance finally lowered a bit. So I called up Geico & apparently, since I'm a single unmarried male, my insurance with them won't actually drop til I'm 30. So, I figured it was about time to shop around for insurance.
I realize that certain purchases in life don't necessarily make sense to buy just to get the airline miles & that insurance is probably one of those things, but I figured if theres an insurance company that offers miles/points, then it can't hurt to check them out & at least get a rate quote. I checked out pgary's page & none of the company's listed there serve my area or interests. I live in VA & am looking only for car insurance. The program(s) I would be interested in earning on are: NW/UA/CO/BA/DL/SPG.
If anyone has any ideas, please let me know.
Thanks!
I realize that certain purchases in life don't necessarily make sense to buy just to get the airline miles & that insurance is probably one of those things, but I figured if theres an insurance company that offers miles/points, then it can't hurt to check them out & at least get a rate quote. I checked out pgary's page & none of the company's listed there serve my area or interests. I live in VA & am looking only for car insurance. The program(s) I would be interested in earning on are: NW/UA/CO/BA/DL/SPG.
If anyone has any ideas, please let me know.
Thanks!