Thursday, November 11, 2010

$50 to cut out the paper

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I just signed up for new Auto Insurance. My Allstate policy was set to renew for $500 for 6 months. Wow, that seemed like a lot. I got a quote from the Gecko and Flo and went with Flo.

Here's the interesting thing:


It is cheaper for Progressive to PAY ME $50 to sign my policy on line than to pay staff to process my signature on paper. $50! Amazing. The cost of employees to process paperwork is so great that they save money by giving each new policy holder a $50 discount just to avoid the paper.

Amazing.

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