Insurance question

[BLKMAGIC]

Sure it does. It means I pay $600 a year.

But you say people are getting screwed based on what...thatbyou pay $600 a year, which doesnt mean **** in the argument of others getting screwed. You might be getting a good deal, I dont know the specifics of what you have, b7t understand there is a difference between cheap, and a good deal. Most things cheap, arent a good deal, they are just cheap.

The bitterness of poor quality remains long after the sweetness of low price is forgotten.

 

[O.R.T.]

**TL;DR WARNING**
This is my final bit on this topic.

Not an expert. I have two cars, 2010 Ram CTD and a 2013 Volvo, botjh have a note; 600$ a year, full coverage through Farmers.

That doesn't mean anything...there is a lot more that goes into what you pay than you think. For instance, I pay $2800 a year for my 13 Ram and wifes 14 Cadillac. But, we have EXCELLENT coverage, not just state minimum with the cheapest company we could find. I could go elsewhere and pay less. I could pay less within the same company. But I want to know that if something happens, my family is protected and I have a company who has my back.

Everyone brags about having the cheapest price until it comes time for them to use their insurance, then they all yell about hating their insurance company...you get what you pay for.

FYI, I work in the insurance industry, so I do have a little experience in the business.

Sure it does. It means I pay $600 a year.

But you say people are getting screwed based on what...thatbyou pay $600 a year, which doesnt mean **** in the argument of others getting screwed. You might be getting a good deal, I dont know the specifics of what you have, b7t understand there is a difference between cheap, and a good deal. Most things cheap, arent a good deal, they are just cheap.

The bitterness of poor quality remains long after the sweetness of low price is forgotten.

I don't understand why we're attempting to legitimize davepen's commentary any further. Let this person have their opinion. It's just that, an opinion, and it's not backed up and need not apply as a rule to the rest of us.

/endofthatbit

Let me re-visit one thing though,

...Everyone brags about having the cheapest price until it comes time for them to use their insurance, then they all yell about hating their insurance company...you get what you pay for.

FYI, I work in the insurance industry, so I do have a little experience in the business.

Thank You for that. Coming from the Parts Side, and having had a vehicle totaled from someone t-boning it and injuring me, then someone running into the back of a company vehicle I was in, injuring me further, I've had plenty of first hand experience dealing with insurance companies, as well as dealing with the shops doing the work for customers. What you are saying there applies, as do my prior posts in this thread. People are simply not aware of what happens and what is needed when it happens, or are simply living within the demands and wants of their specific needs. Reality eventually has a way of solving this. Seriously, no offense here, but if people are basing the quality of a policy on what's contained within 2 or 3 specific lines and the total at the bottom line, they really should reconsider what value they place on property and life. If you're a renter, unmarried, etc, then fine, even I was there at that time of my own life. Today, I look back and can luckily say I was smart enough to heed someone's advise because it did make things A LOT EASIER.

All I can say at the end of the day is the same as I say to people asking me for advise on repairs, that being...

.."It's your vehicle. At the end of the day, whether or not something happens now, later-on, or not at all, you're the one who will look into the mirror and face your decisions. I'll be the one knowing I told you so.".

 

[Retired Coastie]

Rates

I have read through the threads and I want to offer a few things to think about.:

Comparing an insurance rate with a friend or a person close in age is not the way to go about it. MANY things have to do with how much you pay per month!

You may be 23, have a clean record, but drive a new truck and your rates are through the roof.

Have you ever thought about your credit rating???

Every driver has an insurance credit score. Because insurance companies rate you on how risky you are, credit worthiness is a big factor. They feel that if you can't handle paying your bills, what kind of a driver does that make you? Others include loss history, where you live, what you drive, male/female, payment history, etc.

Get with a company, stay with a company, watch your tickets/accidents, pay your bills, etc. Act like a grown-up and eventually you will pay like a grown-up.

 

[HAMMER77777]

I have read through the threads and I want to offer a few things to think about.:

Comparing an insurance rate with a friend or a person close in age is not the way to go about it. MANY things have to do with how much you pay per month!

You may be 23, have a clean record, but drive a new truck and your rates are through the roof.

Have you ever thought about your credit rating???

Every driver has an insurance credit score. Because insurance companies rate you on how risky you are, credit worthiness is a big factor. They feel that if you can't handle paying your bills, what kind of a driver does that make you? Others include loss history, where you live, what you drive, male/female, payment history, etc.

Get with a company, stay with a company, watch your tickets/accidents, pay your bills, etc. Act like a grown-up and eventually you will pay like a grown-up.

True, but nothing wrong with shopping around for a better price. I have done it on many occasions and ended up saving.

 

[Johnn123]

I have read through the threads and I want to offer a few things to think about.:

Comparing an insurance rate with a friend or a person close in age is not the way to go about it. MANY things have to do with how much you pay per month!

You may be 23, have a clean record, but drive a new truck and your rates are through the roof.

Have you ever thought about your credit rating???

Every driver has an insurance credit score. Because insurance companies rate you on how risky you are, credit worthiness is a big factor. They feel that if you can't handle paying your bills, what kind of a driver does that make you? Others include loss history, where you live, what you drive, male/female, payment history, etc.

Get with a company, stay with a company, watch your tickets/accidents, pay your bills, etc. Act like a grown-up and eventually you will pay like a grown-up.

This x 1000....

 

[Retired Coastie]

True, but nothing wrong with shopping around for a better price. I have done it on many occasions and ended up saving.

Rates, while a lower one is tempting, should not be everything you think about. I won't sit here and say that cost was never a factor, because it was. You should also pay attention to what you get for your buck.

Do you get the best price, but the service sucks?

What about when you have an accident? How are their adjusters to work with?

You will come to a point when you realize the cost of insurance, is the cost of insurance. The companies see you as a risk, and they have actuaries that put a price on your risk. I can tell you that there is at least one company I know that will give you a low introductory rate, but after the first renewal, the rate will increase.

 

[HAMMER77777]

Rates, while a lower one is tempting, should not be everything you think about. I won't sit here and say that cost was never a factor, because it was. You should also pay attention to what you get for your buck.

Do you get the best price, but the service sucks?

What about when you have an accident? How are their adjusters to work with?

You will come to a point when you realize the cost of insurance, is the cost of insurance. The companies see you as a risk, and they have actuaries that put a price on your risk. I can tell you that there is at least one company I know that will give you a low introductory rate, but after the first renewal, the rate will increase.

Well, i use 21st Century. As i indicated before, for 3 vehicles TOTAL, I pay $160 FOR 6 MONTHS. Yes, this is low-risk ND, but that is incredibly low. Yes, thats not per Month, Or per vehicle. That is 3 vehicles, ENTIRE 6 Month policy. Of course, I just have state min. liability, and no comp/collision, but still. Incredibly, before i bought my truck, when I only had 2 cars, I paid $98 for 6 Months (total for both cars). Apparently, insurance is just cheap in ND.

 

[markyfly]

Rates, while a lower one is tempting, should not be everything you think about. I won't sit here and say that cost was never a factor, because it was. You should also pay attention to what you get for your buck.

Do you get the best price, but the service sucks?

What about when you have an accident? How are their adjusters to work with?

You will come to a point when you realize the cost of insurance, is the cost of insurance. The companies see you as a risk, and they have actuaries that put a price on your risk. I can tell you that there is at least one company I know that will give you a low introductory rate, but after the first renewal, the rate will increase.

How do you know how they're going to deal with a claim while you're shopping around? Since here in Ontario. Every policy is written identically ho

 

[Retired Coastie]

How do you know how they're going to deal with a claim while you're shopping around? Since here in Ontario. Every policy is written identically ho

Well, not while you're shopping. I meant that when you do get in with a company, the claims department is a part of what you pay for.

 

[markyfly]

How do you know how they're going to deal with a claim while you're shopping around? Since here in Ontario. Every policy is written identically ho

Whoops hit post a little prematurely. Anyways my point was; here, whatever company you choose you get an identical contract. And I'm sure if you look for reviews you'll find people with borrow stories about every insurance company out there. So how can know which is the best?

 

[TWILLIAMS9]

Well, i use 21st Century. As i indicated before, for 3 vehicles TOTAL, I pay $160 FOR 6 MONTHS. Yes, this is low-risk ND, but that is incredibly low. Yes, thats not per Month, Or per vehicle. That is 3 vehicles, ENTIRE 6 Month policy. Of course, I just have state min. liability, and no comp/collision, but still. Incredibly, before i bought my truck, when I only had 2 cars, I paid $98 for 6 Months (total for both cars). Apparently, insurance is just cheap in ND.

I would be incredibly stressed if i only had liability on my new truck, maybe it's because of where I live (Ca), but doesn't it worry you?

 

[Jerry1984]

Mine just went up 50 bucks a month adding my new 2014 1500. I'm 30 with no tickets and no wrecks.

 

[fuzz3599]

your state rates will be the majority factor in base liability rates...as well as if you're running the min state limits..also, depends on class they have it in..farm, pleasure, work/school<10 miles or over...lots of factors make up the rates... even your credit in some states...I am an independent agent in NC...represent over 6 auto companies...some will just reject ppl who don't meet certain standards, and can range from $3 diff to $200

 

[HAMMER77777]

I would be incredibly stressed if i only had liability on my new truck, maybe it's because of where I live (Ca), but doesn't it worry you?

Nope, not at all. If there is an accident when the other party is at fault, then their coverage would cover the repair. If it's something that is my fault, then I got these chop-shops in NY that i can visit, where there's basically no repair job that costs over $1000. And they do excellent work, too. So, to each his own, I guess, but me personally, I'm Cool with it.

 

[Andy578]

Wow, touchy much? You do realize u guys pay Almost Half your Salary for Income Tax. We dont pay nearly That. I'd rather purchase my own private insurance, or work for a company that provides it, than have the nanny-state government buy it for me, then have to wait in long lines when u have to actually use it. That's why many Canadians who live near the border actually come HERE for medical needs. OH NO!

it's actually more like 63% when you add income tax plus sales tax. you are right but at the same time i see it as a choice between having a unexpected expense which could potentially be massive or paying more over time and not having to worry about it. you are right about long lines but that also highly depends on what you need. we actually do have a few private hospitals and clinics people can use but i don't think many bother with them

as for insurance it's mandatory so insurance companies can really charge whatever they feel and with all the accidents during winter the rates usually spike during spring which is also exactly why most insurance companies have their renewal dates in spring. there's also a lot more lawsuits these days and insurance companies footing the bill for things like physical therapy and whatever else can result from accidents

 

[HAMMER77777]

it's actually more like 63% when you add income tax plus sales tax. you are right but at the same time i see it as a choice between having a unexpected expense which could potentially be massive or paying more over time and not having to worry about it. you are right about long lines but that also highly depends on what you need. we actually do have a few private hospitals and clinics people can use but i don't think many bother with them

as for insurance it's mandatory so insurance companies can really charge whatever they feel and with all the accidents during winter the rates usually spike during spring which is also exactly why most insurance companies have their renewal dates in spring. there's also a lot more lawsuits these days and insurance companies footing the bill for things like physical therapy and whatever else can result from accidents

Andy, I see your point, and Canada is a great country by the way. I have family that lives in Toronto, and many friends, as well. My point was that you Say yourself, that u are paying 63% of your Salary! That means you busted your ass at your job, and only got 37% Of What u earned! More power to you guys, but I just couldn't do that. I think people should buy insurance. I get mine thru my job. This is best, especially if u can find an employer like mine that pays 100% of the premium.
But I dont judge. If you guys are cool with only keeping One Third Of your Salary, yet having every safety net possible, have at it. But that is why you guys have to pay so much, and almost twice as much per gallon of gas, for example.
But anyway, I better shut up before the mods complain I'm off topic! I may be visiting Niagara Falls This Winter, so I'll be popping into your great land!

 

[Andy578]

Andy, I see your point, and Canada is a great country by the way. I have family that lives in Toronto, and many friends, as well. My point was that you Say yourself, that u are paying 63% of your Salary! That means you busted your ass at your job, and only got 37% Of What u earned! More power to you guys, but I just couldn't do that. I think people should buy insurance. I get mine thru my job. This is best, especially if u can find an employer like mine that pays 100% of the premium.
But I dont judge. If you guys are cool with only keeping One Third Of your Salary, yet having every safety net possible, have at it. But that is why you guys have to pay so much, and almost twice as much per gallon of gas, for example.
But anyway, I better shut up before the mods complain I'm off topic! I may be visiting Niagara Falls This Winter, so I'll be popping into your great land!

i see it as just being used to being taxed like hell lol. it's funny you mention gas because something like half the price is just tax most of which is tax taxing tax

the falls are great especially in the winter, summer is nice too but way too crowded for me

 

[powderbrad]

Don't get me started on insurance.

In my case, absolutely useless. Wasting $$ every year for absolutely nothing. Hell, youre not allowed to drive more than 50 km/ hr anywhere in town here anymore, so who the hell actually crashes? Even if you DID...what is it, a cracked bumper?

Reminds me, Im gonna call those ******** and yell at them!!

 

[joel29m]

I believe some are telling the truth and some are leaving out something. Some are saying how cheap their insurance is and probably just have liability.

 

[joel29m]

Mine just went up 50 bucks a month adding my new 2014 1500. I'm 30 with no tickets and no wrecks.

Mine did also. It was cheaper with my Sierra.