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Posted by Topher (Member # 71) on :
 
I figured this might become a little bit incendiary, so I posted in here just in case.

Our vehicle insurance rates are rather high, due to accidents on my father's part, one on my brother's part, and one on my part. When it came time to renew our insurance last year, the company that my parents had been with faithfully and with no problems for 20+ years refused to renew their plan. So their insurance broker had to search for another company with acceptable rates. He found one, but the rates went up a bit. Now, the old company bought out the one we were currently with, and they initially refused to insurance. My father went in to talk with the broker, and they worked out an initial plan of $5600/yr for a 2001 Ford Focus 2.0L auto and a 1996 Ford F150 5.0L(-ish) auto, along with my parents, and myself as a tertiary driver for both vehicles. So far my speeding ticket hasn't become an issue.

My father went in to talk with the insurance broker again today and was informed that the insurance company wants us to pay $6000/yr. This would result in my dad having to either sell his pride and joy, the best truck we've ever had, or (more likely) putting it off the road and putting his 1988 Ford Ranger 5-speed manual. We were also informed that in January, vehicle insurance rates would be increasing 85%.

Why does this happen and why is it allowed to happen? How do these insurance companies get away with it?! I think it may have been the worst idea ever to make vehicle insurance mandatory, as the insurance companies can raise the rates all they want and people have no choice but to pay them.

Now, we have yet to look into other insurance companies, but the situation is looking pretty grim. As it is, I pay $80/mo for insurance. However, due to my going to uni, I have to pay $100/mo on tuition, and I can only work on weekends at $6.50/hr. If I have to shell out $300/mo, I wouldn't be able to work enough to pay it. I'd have to drop a lot of courses at university in order to work enough to pay everything. It wouldn't matter if I was on the insurance plan or not (which may happen if I lose my license).

So, in short, stupid fuckin' insurance companies
 

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Posted by Snay (Member # 411) on :
 

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I think it may have been the worst idea ever to make vehicle insurance mandatory

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Originally posted by Topher:
I have to pay $100/mo on tuition, and I can only work on weekends at $6.50/hr. If I have to shell out $300/mon...

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Believe it or not, I'm with Snay.

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Yeah, my friend got rid of his for the same reason, bike wise. Insurance for the bike or getting rid of the new kid.....

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And he chose the kid?
 

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Posted by E. Cartman (Member # 256) on :
 
Well, it's the most cost-effective choice...
 

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Posted by First of Two (Member # 16) on :
 
I'm with Snay and Omega on this one.

The Triumvirate has spoken.

DATA ERROR : ABANDON PLANET
 

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Posted by Ritten (Member # 417) on :
 
The.... Three... Of.... Them.... Agree....

It is the end of the world. Omega's Second Coming is near, for First and Jeff the sun is expanding to red giant stage....

and the Cleveland Browns have won the Superbowl...

The end is at hand.....

In MI they, the insurance companies, had to refund all policy holders some amount or another.... Alan, do you remember more about this????
 

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Posted by Vice-Admiral Michael T. Colorge (Member # 144) on :
 
At least you aren't paying $4,000 every six months for insurance like I am.
 

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Posted by E. Cartman (Member # 256) on :
 
Erh, $667 a month for a car?
 

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Posted by LOA (Member # 49) on :
 
Have you ever been in an accident where it's not your fault and the driver behind the wheel of the other car had no insurance? I have. And it's a nightmare. Now, imagine if that happened and you also didn't have insurance because it wasn't mandatory... who would pay the $40,000+ total in madical bills? Who would pay out the $6000 necessary to fix your car? Not to mantion the fact that it takes 30+ days to get said car fixed, so suddenly there's a $30 a day fee for a rental to get you to and from Dr. appts, lawyer visits, insurance briefings and the like.

I GLADLY pay $134 a month for insurance. It's a great deal, as far as I'm concerned. Since I've been insured with this company on my own, they've paid out double what I've put in, due to unfortunate circumstances, and I feel blessed.

Insurance companies reward you when you're good, and punish you when you're bad. There's a reason for that. The more of a liability you become, the more it costs them to insure you, so then to recover that, you have to pay more.

I've dealt with it all with insurance now.... theft, total loss situations, medical, and repairable damage. None of them were my fault though, so in the two years that I was insured with my Civic, even though I had $20,000 in personal claims, my rates were cut nearly in half as I kept my record clean.

I pray that you never get put in a situation where insurance has to cover you for thousands of dollars due to some uninsured (or even underinsured) idiot, but if you do, I guarentee that you'll think differently and stop whining about a measly $80 a month.

~LOA
 

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Posted by Snay (Member # 411) on :
 
I pay a grand total of $170 a month for both car AND health insurance. I've kept my nose clean, and both deer I hit qualify as "Acts of Nature", so they're not my fault (plus, I waited until I hit the second deer to get the damage from the first fixed, so it was only one claim).
 

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Posted by Wraith (Member # 779) on :
 
So you admit that you planned to kill the deer as part of an insurance fraud?
 

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Posted by Ritten (Member # 417) on :
 
no, no, no, that is a 10 to 15 year felony.....
 

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Posted by Topher (Member # 71) on :
 
(I sometimes forget about threads, kinda like Lenny in Memento...)

To start off, the tuition thing is on a credit card, so I pay that monthly. And for the insurance payments, I have no idea. My mom pays for the insurance for the three of us every month, and I pay her the amount she set. I don't know what our insurance rates are/were. Now, you have to understand the circumstances that lead to this increase. Yes, I fully admit that my accident was my fault. There was no excusing that. However, my father's accident occured as he was backing up his truck at an intersection to make way for an incoming fire truck. When he checked, there was nothing behind him. But when he moved, a car pulled out of somewhere and he backed into it. As for my brother's accident, I'm not sure about that one. I don't think it was supposed to be on our policy, as he had just started his own at the time. Either that, or we had repaired the other car ourselves.

Also, it's my understanding that in NB at the moment, car insurance rates are increasing quite a bit, due to large amounts of false claims. Now, sopmeone could probably prove me wrong on this, but that's my understanding. I only make so much money at work and I can only work so much. There aren't any shifts available when I don't have lectures or labs. However it seems as though I'm coming off as just another whiney teenager, in which case I'll be quiet now and not talk about my problems.
 

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Posted by Da_bang80 (Member # 528) on :
 

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Originally posted by LOA:


Insurance companies reward you when you're good, and punish you when you're bad.
~LOA

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Originally posted by Topher:
LOA: If I get in an accident, and it's the other person's fault, why would my insurance have to cover them if they're uninsured? Shouldn't the money to repair my vehicle come out of their pocket? It worked for us when my brother had an accident. We gave the other party our car to use and my dad and brother repaired the damage to their vehicle.

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