Originally Posted by emptiness
(Post 19284908)
I pay $307 for 6 month with geico, 20$to $40k bodily injury, uninsured coverage, property damage 20k, got road hazard included, $250 comprehensive deductible, $1k collision deductible !
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Sure, but it depends upon what his or her needs are, too. If I have a car I never drive (as I do) because I spend all of my time out of town, the legal minimums are fine for me.
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Originally Posted by Sorthum
(Post 19285217)
Sure, but it depends upon what his or her needs are, too. If I have a car I never drive (as I do) because I spend all of my time out of town, the legal minimums are fine for me.
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I assure you, I'm not exaggerating. This car hasn't moved in 18 months. :)
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Wirelessly posted (BlackBerry8530/5.0.0.1030 Profile/MIDP-2.1 Configuration/CLDC-1.1 VendorID/417)
Originally Posted by Sorthum
I assure you, I'm not exaggerating. This car hasn't moved in 18 months. :)
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In order, "not usually," "no, I have primary rental coverage via my Amex Platinum," and "the vehicle I actually use primarily is a motorcycle, and that's got much better liability insurance on it."
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Originally Posted by soitgoes
(Post 19285208)
That's pretty anemic coverage.
what i need the most was comprehensive coverage , car can be broken into, rain, hail, tree, drop on windshield etc! other than that, since i am defensive and safe driver, I don't get into any accidents and never had any accidents for the past 9 yrs or so |
Originally Posted by China Clipper
(Post 19285115)
USAA was far better (and cheaper) before they expanded eligibility. Now they're the same as any other company imho.
People think they're clever by cheating their insurance company. It works until it doesn't. And it doesn't when there's substantial claim, e.g. personal injury. Their experts will investigate, and determine that you lied on your application and your coverage will suddenly be zip, zilch, nada. And you'll deserve every bit of it. |
Wirelessly posted (BlackBerry8530/5.0.0.1030 Profile/MIDP-2.1 Configuration/CLDC-1.1 VendorID/417)
Originally Posted by Sorthum
In order, "not usually," "no, I have primary rental coverage via my Amex Platinum," and "the vehicle I actually use primarily is a motorcycle, and that's got much better liability insurance on it."
Does the liability coverage on your motorcycle extend to other vehicles rented by you? If not, you'll be stuck with the (usually) paltry minimum liability coverage that the rental company provides, unless you: 1) purchase SLI from the rental company; or 2) have a separate, non-owned auto liability policy. |
Originally Posted by drwilliams
(Post 19281220)
Insurance companies rate people with what they measure as bad credit because that group of people has shown to be more expensive to insure, just like young men.
California passing legislation to limit what can be measured in determining insurance rates means one group will pay less at the expense of the other group that will pay more , the second group being less likely to make claims. I have a good credit score, but I don't think it should affect insurance coverage, even if there is some statistical correlation. |
Originally Posted by cbn42
(Post 19286182)
But is it fair to make someone pay more because they are part of some arbitrary "group" that is more expensive to insure? Especially when their membership in that group is not within their control? If they can charge more to young men, then why can't they charge more to blacks, for example?
I have a good credit score, but I don't think it should affect insurance coverage, even if there is some statistical correlation. If insurance companies are unable to charge more to people more likely to have more/more expensive claims, then everybody else will pay more for the high risk people. Insurance companies do not really care why the correlation is there, they just want to identify them to be able to manage them. |
Originally Posted by emptiness
(Post 19285687)
what i need the most was comprehensive coverage , car can be broken into, rain, hail, tree, drop on windshield etc!
other than that, since i am defensive and safe driver, I don't get into any accidents and never had any accidents for the past 9 yrs or so |
Apologist for insurance companies? Nah!
My degree is in mathematics. I started out to be an actuary. (An actuary is the bookie for an insurance company.) The first two actuarial exams are really just the GRE for undergraduate math. Easy. Subsequent exams are in insurance law. Suddenly I realized I would have to face my then newborn son telling him, "What your daddy does for a living is cheat widows and orphans." Building chemical weapons would be a more ethical career. |
An update:
I called today. No luck getting the premium back down to $640. They run credit every 36 months. One thing that did change was they updated was the age I opened my first account. It went from a credit card loan at 21 to an auto loan at 18. That was enough to lower the premium from $908 to $750. I'm 35 now and by lowering the age at which I got my first loan by three years was able to reduce my premium 18%. Insanity. The rep I spoke with said that the more accounts one opens the more likelihood one would file a claim. Basically if you open four or more accounts in 12 months you get dinged. Three or less is considered average and you don't get penalized for it. |
Originally Posted by Jesperss
(Post 19289079)
I called today. No luck getting the premium back down to $640. They run credit every 36 months.
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