Auto Insurance?SCAM

**songdog** · 08-07-2011, 12:46 AM

Has anyone seen any of the reasons or surveys they take to raise your auto insurance? You want to talk about BS.Lets start bad credit.A guy looses his job but has a great driving record.Sorry we cant insure you.HS school drop out color of car are just a few of the things that can have you paying more for insurance.You can drive for years no problems.Boom you get in a fender bender.Your ins goes up.Insurance companys claim they are being ripped off.When in fact they are the ones doing the stealing.

**dec11** · 08-07-2011, 12:59 AM

its the solicitors behind the claims mate, always has been a rip off and always will be. in N Ireland ins used to be crazy because NI road laws differ slightly form mainland UK. english lawyers got wise to this and started specialising in road law in NI and bingo english firms like elephant, first direct etc started business in NI and insurance got cheaper due to the former monopoly being challenged. so you tell me who ultimately controls car ins?!

**Times Roman** · 08-07-2011, 01:18 AM

no doubt auto insurance is profitable. and in california, it's required by law.

I am waiting for the day when your premium will also be based on how many "proven" miles you drive. Think of a device hooked to your odometer somehow that will provide a variable insurance policy. If you do not drive the vehicle one month, then the premium should be very very low (it could still be stolen, so the theft premium would not be variable mile based)

there is a proven statistical correlation between bad credit and driving risk. Maybe not true for any given individual, but over a population, the correlation is undeniable.

Let's look at the highschool drop out thing. But let's spin it around and look at it assbackwards. It is very common for professionals with college degrees to get substantial discounts on their auto policies. Why? Again, there is a statistical correlation between that group and lower driving risk. People in this category, statistically, have invested more heavily in themselves and their career, and they have more to lose, which means they have more to protect. They are typically homeowners, which also means more stability and less risk. Compared to this group, highschool dropouts have not invested much in themselves or their careers, and they have less to lose, and therefore less to protect. Highschool dropouts, as a demographic, are less likely to be homeowners than the general population.

Now, if you were the insurer, who would you rather insure? The professional with the college degree, or the highschool dropout?

**gixxerboy1** · 08-07-2011, 06:30 AM

Originally Posted by Times Roman

no doubt auto insurance is profitable. and in california, it's required by law.

I am waiting for the day when your premium will also be based on how many "proven" miles you drive. Think of a device hooked to your odometer somehow that will provide a variable insurance policy. If you do not drive the vehicle one month, then the premium should be very very low (it could still be stolen, so the theft premium would not be variable mile based)

there is a proven statistical correlation between bad credit and driving risk. Maybe not true for any given individual, but over a population, the correlation is undeniable.

Let's look at the highschool drop out thing. But let's spin it around and look at it assbackwards. It is very common for professionals with college degrees to get substantial discounts on their auto policies. Why? Again, there is a statistical correlation between that group and lower driving risk. People in this category, statistically, have invested more heavily in themselves and their career, and they have more to lose, which means they have more to protect. They are typically homeowners, which also means more stability and less risk. Compared to this group, highschool dropouts have not invested much in themselves or their careers, and they have less to lose, and therefore less to protect. Highschool dropouts, as a demographic, are less likely to be homeowners than the general population.

Now, if you were the insurer, who would you rather insure? The professional with the college degree, or the highschool dropout?

There is already this option to a point. I have nationwide now and renewed my policy recently. They offered to send me a device that would plug into my obd II post and send wireless info to them for up to 6 months. Mileage, driving speeds, Pretty much they would have access to how i drive, how hard you accelerate. They say they wont know if you are speeding and of course they wont because they dont know the road you are on. But if you speed on the highway they know what the max speed limit is.

**lovbyts** · 08-07-2011, 07:58 AM

Just like everything, it's about money. It pays to shop. I do it ever couple of years. I probably will again soon but right now I'm pretty happy with Esurance. Price was well below anyone else with similar coverage for my 3000Gt Twin Turbo with added HP parts and now with multiple cars it's pretty cheap, I think I pay about $900 for 4 cars, 1991, 1998, 2006 and 2008 al with FULL coverage, towing glass, $100 dedt. I have been happy with the service also. I accident (not my fault) a few years ago and one glass breakage. No raises in premiums, quick service, always friendly and easy to work with.

I would NOT put anything in my car to record anything just to save a few bucks.

**Times Roman** · 08-07-2011, 08:19 AM

Originally Posted by lovbyts

Just like everything, it's about money. It pays to shop. I do it ever couple of years. I probably will again soon but right now I'm pretty happy with Esurance. Price was well below anyone else with similar coverage for my 3000Gt Twin Turbo with added HP parts and now with multiple cars it's pretty cheap, I think I pay about $900 for 4 cars, 1991, 1998, 2006 and 2008 al with FULL coverage, towing glass, $100 dedt. I have been happy with the service also. I accident (not my fault) a few years ago and one glass breakage. No raises in premiums, quick service, always friendly and easy to work with.

I would NOT put anything in my car to record anything just to save a few bucks.

But wouldjya do it if you could save 75%??

**lovbyts** · 08-07-2011, 10:31 PM

Originally Posted by Times Roman

But wouldjya do it if you could save 75%??

Maybe into one car that I would only use as a work commuter but not all of them. I'm not into being tracked any more than I/we already are. It wont be long before it's very similar to the movie minority report. I think most of us will see that future technology in action.

**Carnivor** · 08-08-2011, 12:14 AM

Originally Posted by songdog

Has anyone seen any of the reasons or surveys they take to raise your auto insurance? You want to talk about BS.Lets start bad credit.A guy looses his job but has a great driving record.Sorry we cant insure you.HS school drop out color of car are just a few of the things that can have you paying more for insurance.You can drive for years no problems.Boom you get in a fender bender.Your ins goes up.Insurance companys claim they are being ripped off.When in fact they are the ones doing the stealing.

Auto insurance has a great deal of competition. Something like cable does not. And I can't even tell you a scam (yes "scam") that comcast tried to run on my family just a week ago. It was horrible, crossing wires in my crawlspace to disconnect my internet (which we get from a cheaper, better, but less known/less powerful company) to make us cancel our contract with the smaller company and buy internet/phone from them. We are in the process of suing comcast. Its also going nowhere and we have evidence of this young kid going into his van to get something which proved what he did that day. And although comcast teaches this to their employees, and we've heard about it before, they merely fired the kid and once again will suffer no consequences from this. An insurance company raising prices is trying to cover their own ass as getting into an accident raises liability of their investment in you.

Last, autoinsurance at least in my state, I am able to get impressively cheap. Cause theres more than 3 companies unlike cable, so honestly its the last of my problems. Cable is known for much dirtier practices I believe. And they also have a lot less restrictions they must follow.