Frank Fontaine

Is there any truth to a statement that the cost of replacement parts have gone up? My insurance has gone up from mid 700's to over 1000. I have a perfectly clean record and no accidents. My car has gotten 4 years older and is worth what, 10 grand less? Yet my rates have gotten jacked. As the song goes, industry shady, need to be taken over......

Any legit business does not purchase insurance, be we are required by law to do so. Ask Hertz rental cars who they use for insurance--they use themselves because they are big enough. They don't let the shys take their money. What a rip-off, you pay for 10 years, nary a claim and they jack the rates. Then if the state does not let them jack, they refuse to do business in that state--po' little ins. co. and their employees holding their breaths until they turn blue. How many insurance companies don't do biz in MA bec;ause they can't do their shady jack-up (o**)thing?

Micah95GLE

Yeah, the whole insurance industry is a big scam. I've had a perfectly clean driving record since I started driving, and I pay a fortune in car insurance (a lot more than you). I say "innocent until proven guilty". If I haven't cost the insurance company one cent, then I shouldn't have to pay very much. Let the people who cost the company $$$$$ pay the high rates. Why should I have to subsidize ****ty drivers?

iwannabmw

iTrader: (3)

Over a grand! Ouch. I pay just over 600 including collision and comprehensive. I'm 25 in MA w/clean record, where are you that insurance is that high?

MaineI30

dude this is a very silly statement. every well-run business has several decent insurance policies. And you can bet Hertz has massive liability policies in place, and some bonds to cover property losses.


you can probably find a better rate, and you can certainly self-insure by increasing your deductible to a couple grand, and dropping collision. that's the expensive part of any policy. your premiums would drop 70 or 75% if you did that.

further, liability insurance is mad-a$$ cheap, unless you have a really bad record. i carry $1.6 million of it over three policies.

i mean, why not??

Frank Fontaine

Wow, now it makes total sense that my rates got jacked, my car got older, and I have a perfectly clean record and no claims ever. And insurance is a totally honest business too. If you think that you probably believe that your odds at the roulette wheel are 50/50 when you bet on red or black. You've posted on this board that you have moving violations and a recent accident. Since you're drawing from the pool of course you're not gonna be too upset about other peoples' rates being high.

Liability cheap, haha, I hope you're being facetious. Maybe in Maine, but not in Philadelphia.

95emeraldgxe

i wish that like you can buy insurance as you go.....like for instance......if you dont use your car for like a day......you dont pay for that day.....or if u only use it like during the summer.......you only pay for the summer........haha - that wood be kool

Micah95GLE

Yeah, and those of us that live and work in crime-free areas and keep the car garaged every night and have a perfect record should be paying almost nothing.

jiaxima96

I know recently my insurance has increased a bit. To me it's not a lot. My 2000 RX300 is fully insured with $500 deductible, my Max only has reliability... With Allstate I pay $420 each 6 months.

Frank Fontaine

When you think about it, insurance is like a casino--the game is favored so the house wins. Even with demographics, it's stacked in the insurance company's favor.

If I live in Philly, right away the insurance agent has a big *** grin on his face. Fine, many cars are unregistered, uninsured, and drivers on the road unlicensed due to lack of enforcement. If I have no incidents and a clean record, then the rates should swing the other way in my favor, because I must be some kind of Rocky Balboa to keep it clean and real for 5 years in such a dangerous and high risk area.......YO! GO FLYERS AND E-A-G-L-E-S today and welcome home Lindros.

MaineI30

Did you try my suggestions? Dropping collision and increasing your deductible? As I said, this would save you about 75%.



Tell me, specifically, what is not honest about providing insurance to people?? I don't do business with companies that are not honest with me, and I feel my insurance company has always been honest. So, what do you mean exactly? Explain the dishonest part.

Unless you are in a no-fault state, there is no "pool." People are rated individually. This is a NOT a no-fault state, so my violations will reflect only on me and no one else.

How much do you pay annually for the liability portion of your automotive policy?

Cutler

iTrader: (3)

Insurance costs are going up all over the US, it is not just your area. Have one accident and your car is totaled, and let insurance pay for your entire loss and you will change your opinion, it will pay you back every penny you ever put into it. I am not a fan of insurance, hell my rates suck a$$. But I also have some tickets, but I am glad if something happens I am covered.

Jason

MaineI30

Unless you are in a no-fault state you aren't subsidizing anyone.

And if you don't like your rates, pick another company, or drop your collision, or increase your deductible, as I mention in the other post

MaineI30

exactly jason, that's what i've been trying to say, that's the whole point of insurance.. people whine and complain -- but they are still buying the product, aren't they ?? LOL

Micah95GLE

Umm, only because I'm required to by law.

MaineI30

First of all, 75% of your premiums are not required by law. I bet you have collision on your policy. There is not a law in the land that I'm aware of that requires collision.

And 20% or less of your premiums are liability premiums. And yes, most states (all?) require that you carry liability but many states allow you to post a comparable bond of self-insurance if you do not wish to carry liability insurance. I don't know why anyone would do this, generally it's much less expensive to carry a small liability policy than to post a bond, but to each his/her own...