my driving record is perfect and every year my insurance goes up....why?
is it new york city?

 

that and HID theft (I know you don't have HIDS)...it just gives the insurance companies an excuse

 

Time to shop around if you have perfect driving record.

 

sounds wierd, my dad doesnt have that problem. possibly the area you live in?

 

see thing is that old folks pay like 300 a year for full coverage, so they have to make that up with the younger crowd. and maybe they ran a credit report on you? i know that can make a good hit on the numbers.

 

Its cause of all your damn bling!

 

Why would a credit report affect your insurance rates? I think someone I know was refused once after they did a check and the quote was for 400$ 1 way, so a credit check is not needed because that amount would have been payed off in one shot.

It just seems to me they use any excuse to increase rates and not to pay out when they have to.

 

it's a yet another stupid way to juice you for more money.

low credit = irresponsible person = higher chance of irresponsible driving = higher chance to crash.

same if you are married with kids vs single. they expect you do stupid stuff if you don't have kids to come home to etc.

it's messed up but what can you do...

 

All insurance is a terrible deal. Everybody hates them. I've been driving for years, my driving record is completely spotless, I've never had a ticket or accident or anything. But I still pay 200 a month for the least, most basic coverage around. And that's with a $1000 deductable. No collision, just liability. We give them tons of money for nothing. For an extra $200 dollars a month, I could've bought a STi, G35, or something. For the security, you'd think, but then you hear about the insurance company always trying to screw you even if you get in an accident and really need them. They'll refuse coverage if you have mods. They'll give you half the value you need to cover the car. It even increases if your car was parked and somebody else hit it, completely the other guys fault. Their profit margin must be like, 95% or something. Let's lynch them. I'm thinking about just cancelling my insurance all together. Sure, if I get pulled over, and I don't have insurance, then I get a 500 dollar fine. I've never been pulled over, ever. I've paid twenty times that fine to the insurance company already.

 

Mine went up as well this year..like 7 dollars a month..but I talked to Geico about why it went up and they said because of the lame people who are underinsured or uninsured in this state...don't know how they get away with it..but it sucks cuz now I have to pay more because some trash doesn't want to put insurance on their car or they have too little insurance.

 

oh i've thought about that. but it's the next worst thing to a DUI on your record, and in some states you will have to file an SR-22 form to prove that you can in fact maintain insurance. and you are also classified as a high risk driver (aka DUI category) for about 30 months (varies).

 

Yeah. I thought there had to be a downside. Man, I wish there was a different sort of insurance program. It'd be so much cheaper.The insurance company is just a middle man. A collaboration of owners pooling together money to use in case one of us has an accident would be much cheaper than insurance from a private company. We wouldn't be wasting the money we pay for accident protection and using it to build corporate buildings or run TV ads or hire thousands of staff. Just pass the savings back to ourselves... everybody pays 20 bucks a month....probablya fault with the idea, but it'd be nice if it were possible...

 

there is that other thing. you can self insure yourself. if you have 25000 (or the minimum by the state) sitting around you can bond that money as your insurance and be your own insurer. haven't looked into it, but you can do that as an alternative to all insurance companies.

 

I doubt $25,000 would be enough in most states, even if self-insurance was an option. For instance the insurance minimum in Maryland is 20/40/15 ($20,000 per person, $40,000 per accident for bodily injury, $15,000 per accident for property damage). Furthermore, the penalties for driving without insurance are pretty steep:

* $150.00 for the first 30 days without coverage and $7.50 per day thereafter
* 5 Points
* Confiscation of tags
* Barred from registering any future vehicles until all fines are paid
* Suspension of vehicle registration and withholding of registration renewal
* Payment of a registration restoration fee once fines are paid

 

Man thats unbelievable. Maybe its your area like previously stated. Mine looks like it actually might be going down during this next 6months. I pay around 1287 and i believe it will drop to around 11xx. BTW, i have 2 tickets, including a speeding ticket and careless driving (for my accident, which was undeserved)...

If you have a spotless record, shop around and get a better deal



Eric

 

That's insane. I hope mine doesn't go up. My friend's went up but that's because he got a ticket a while ago and they just looked at it. Call them up and see what they say.

 

I just received my renewal notice. It actually went down this time since my speeding ticket is off my record now.

 

my insurence DOUBLED this year... no tickets, no claims, nothing... so now i don't drive my max

 

Ok, lets do a little reality check here guys. I don't like paying insurance as much as you guys but it is a necessity. Who gets named in a lawsuit if you get in an accident and someone sues, you AND THE INSURANCE COMPANY. How is this fair for the insurance company? Were they there? Do they even have anything to do with how you drive? For as many people that say that insurance companies eat up all their money look at all the things that insurance companies have to prepare for insurance fraud, frivolous lawsuits, massive disasters and everything else under the sun. When someone street races and someone gets killed do you think that the driver is only one named in the lawsuit? I can't even tell you how many times I hear people on this board saying well I am just going to submit the highest quote and pocket the difference between the highest and what it actually costs to get it fixed. Who pays that difference?

 

"Ok, lets do a little reality check here guys. I don't like paying insurance as much as you guys but it is a necessity. Who gets named in a lawsuit if you get in an accident and someone sues, you AND THE INSURANCE COMPANY. How is this fair for the insurance company? Were they there? Do they even have anything to do with how you drive?"

It's fair because we're giving them money for it. That's like saying it's not fair for your lawyer when you get in trouble and he has to defend you. It's their damn job. They promised to do it when you agreed to pay him for it. It doesn't cost the insurance company a fu(king cent. They're using the money WE gave them to use in case something happens to one of us.

"For as many people that say that insurance companies eat up all their money look at all the things that insurance companies have to prepare for insurance fraud, frivolous lawsuits, massive disasters and everything else under the sun. When someone street races and someone gets killed do you think that the driver is only one named in the lawsuit? "

No, but look at the math. They've got 500 kids on their income list who street race. They charge them 600 dollars a month. Once 3 years, several of those kids gets in a major accident. Costs them 45 grand overall. Sounds big, but see what they've made for doing nothing for most of those kids. multiply 500 kids paying 600 a month paying 12 times a year for 3 years. You know what that amounts to? One million, eight hundred thousand dollars. Yeah, they lost out big on those kids. each one only paid 7200 dollars that year, and they paid them back 15000 each. But the other kids they're raping more than make up for it. 45 grand is nothing from 1.8 million dollars. And "massive disasters and everything else under the sun"
WTF are you talking about? We're talking about auto insurance. They only cover automobiles. Not "everything under the sun". And that's all that happens in a lawsuit. The insurance company pays. They're not going tt go to jail. It's a corporation. They don't get treated like a person.

"I can't even tell you how many times I hear people on this board saying well I am just going to submit the highest quote and pocket the difference between the highest and what it actually costs to get it fixed. Who pays that difference?"

I can't tell you how many times I hear people saying their 01 max got crushed, and the insurance company is only giving them 6000 for it. They try to screw you for every little thing. Good for you if you try to screw them back. Who pays the difference, you asked? We do. WE pay for EVERYTHING the insurance company does. We keep it running when we give them money. Don't make it sound like some kind of sob story that the poor, massive conglomeration gives us money if we get in an accident. The money is only in their pocket because we put it there. When one of us gets in an accident, they give some back, as little as possible, trying to screw us while the rest of us who weren't in an accident keep pumping money into them. If they weren't making a profit at this, they wouldn't be a running business, period.

 

Forty Five Thousand give me a break! If only one of those accidents have a wrongful death suit it can cost the insurance company a minimum of $10 million and that is on the low end.

Also, it isn't the insurance company's job to defend themselves from lawsuits caused by illegal actions of their insureds. It is their jobs to insure your vehicle and restore it to its original condition before the accident. This is what they base their rates on, not defending against multi million dollar lawsuits.

What I meant by massive disasters are floods, earthquakes, tornados, and hail. The insurance company has to pay for the vehicles destroyed. A large hail storm can make a small insurance company go bankrupt. Then who picks up the bill the other insurance companies under the states guaranteed fund.

Why do you think the insurance company sends adjusters and trys to lower the repair cost because of insurance fraud. Insurance fraud costs companys millions a year. A relatively medium sized insurance company probably has 80 claims coming in a day if even one in ten pocket a four hundred dollar difference add that up.

I am just saying that insurance companies do have reasons for what they do. I am not saying that they don't do some shady shiznit because I am an insurance examiner and have seem some things. But the insurance company has regulators watching out for the public and the public is already biased against the big huge insurance company. The public gets away with more than most insurance companies do, trust me it is my job.

 

Three years ago I was paying about $1100 a year for full coverage for two cars, two drivers. Then within a space of about 3 months:

1) my daughter started driving, so now three drivers
2) I bought my 2k Max, so three drivers, three cars
3) my wife got a speeding ticket that she did not bother to have dismissed through a defensive driving class
4) I got rear ended by an uninsured motorist. Not my fault but my insurance still paid the bill.
5) My insurance company dropped me, putting me in the high risk category.

My insurance went up to $7000 a year because of all that. It is now down to about $4000 a year.

 

who is your carrier for ins. Mine is kind of high as well and I have 2 break-ins (no fault, which is still your fault)

 

NYC sucks

everyone's insurance fluctuates too much

4th gen maxima was also the most stolen vehicle in this city for a few years now.

Look at the northeast forum, every other day someones car gets robbed or stolen. No surprise that the rates are shooting up into the sky.

 

Yeah, Living New York City definitely does not help your rates. Your area code is very important factor in how your rates are calculated. Like I said above I don't like paying Insurance anymore than you guys! I just understand the reasons for higher rates a little better than the average person.

 

Also, wanted to add in that a lot of the stuff that determines your rates aren't even under your control such as the accident rate for your zip code, theft rate of your vehicle, average repair cost of your vehicle, accident rates/loss rates for your age group. I mean I can definitely see why people get ticked for having high rates. But the insurance company has to raise your rates in order to the pay claims of all the other irresponsible drivers out there. So, I guess this isn't really fair either? That is why this is such a hard topic for insurance departments to tackle. By the way, your state department of insurance has to approve each rate increase. Also, if you ever have a dispute with an insurance company and things are being handled correctly file a complaint with the your state's department of insurance. It will be handled a lot differently than if you file a complaint with the company!

 

Yeah but thats all good in theory but you know how many people probbly still do not have insurance? (I live in MD too- i also lived in Miami where I think the statistic was 1/4 the drivers did not have insurance). Anyway, when you go get tags from the MVA, it asks you your insurance provider, the policy number and the agent. Thats it. When I went to get plates, they just put the # in the computer and I seriously doubt they check EVERY or even any at all. They rely on the insurance company to tell them that you dont have insurance with them anymore, and all you gotta do is fill out the form, write a BS policy number and thats that.

Heck, when you get pulled over here, you arent even required to carry proof of insurance (like you are in DEL and many other states). That law should change. Just like if you go to court for a suspended license, they dont ask how you got there, you coulda driven there on a suspended licnese with suspended tags and they'd never know. So stupid, too many loop holes.

Anyway, I dont wanna think about how much $ i've thrown away transportation related. The car(s) itself, maintenence, gas, repairs, mods, INSURANCE, accidents, sheesh.

 

bro no ofence ! but living in flushing and been asian dosn't help much you know .

 

me asian? who said i was asian

 

I've never made a claim since buying my car new in 1998, insurance is higher though the car is worth what, 6 grand? Insurance co. says replacement parts are no cheaper in fact more, so they say. Insurance cos. also own body shop chains and claim that's ethical. Previous owner of my house still registers their vehicles here, who the h*** knows why. 3 brand-new vehicles registered in the wife's name, $790 for full coverage in Philly suburbs. Go figure.

Anyway, like I've said many times before, insurance is not a respectable line of business. Any entity that can legally avoid paying those robbers does. Like Hertz rental cars, they do not carry insurance, they are self-insured. Saves them millions and millions every year. My employer does not buy dental insurance, only a co. to administer the plan. Why? Because insurance is a rip-off, they might as well pay out the benefits themselves ($1600 limit per person per year). Only costs $1.50/mo. for a single employee, not a bad deal. Worst-case scenario is they pay out $1564 but what are the odds? In most cases they pay for 2 cleanings at a contracted rate, about $70/yr. So their cost per employee is about $70-$36. Pay to self-insure? You bet.