Car Insurance

Car insurance is a scam period.

God forbid that you were late paying a gas bill here or an electric bill there........BAM! your rate goes up.

Credit worthiness as a component for insurance is pure bullshit.

Hey folks, BITCH to high heavens to lower your payout/month.

 

You have to be a moron to not understand the link between credit worthiness and insurance rates. People with bad credit are more likely to file claims. Doesn't take a genius to figure that out and actuary data soundly supports that.

 

I think there's a NC law that states that ins co HAVE to sell an NC licensed driver auto insurance.

 

.....so I'm a moron. I know builders who have made millions and lost millions. Filed for bankruptcy, lost homes due to economic conditions, etc. How does their unfortunate business issues define their ability to own and operate a vehicle?
Its all about a dollar, and you know it.

 

Yes, you are a moron. It has nothing to do with their ability to operate a motor vehicle but it has a lot to do with their likelyhood to FILE A CLAIM.

Even a moron should be able to see that a person with bad credit is more likely to live in an area where theft, vandalism, drunk driving, etc are more likely to occur.

Also, a person with bad credit who gets in a fender bender causing $400 in damage and a $250 deductible is more likely to file a claim than a person with good credit who might settle out of pocket.

Rates are set using actuary tables full of data that back this up.

And yes, it is about the dollar, I dont know why that angers you. The bottom line is, people with bad credit are more likely to cost more. And yes, it is a blanket assessment. But that is what insurance companies do, spread the risk.

Moron.

 

I've been w/ the same company for 23 years, Erie. They raised my auto premium about $250 this year (no tickets, claims, etc since 2001). I called the broker and she got us on with Kemper or someone for overall savings of almost $600 this year (auto and home combined).

I kind of think of insurance companies as apartment complex landlords. Doesnt matter how long you've lived there and that you were never late with the rent, they're still going to jack up the price...year after year...which will eventually force you to move.

 

Yeah, the companies know people tend to forget about car insurance over time. I compare just about every year. Fortunately, combining both home and auto with one company seems to be the cheapest way to go.

 

So then you agree that black people should pay a higher premium? Actuarial science shows that black drivers are more likely to be in wreck than white drivers.

I agree that actuarial science guides rates, and rightly so, to some degree....however there are some 'off-limits' statistics that are not factored in, and I wonder when does it become discrimination?

 

Also, I thought you were for Obama's health plan? It's all about actuarial science as well, why is that not OK?

 

...yes you are a moron. A fender bender causing $400?
You need to get out of the house. A fender bender is $4000 now. And you say "pay out of pocket", that guy who files for bankruptcy in the home building business has the funds to pay out.
Spread the risk? OK, I'll agree with you on that but what chaps my ass is that the ENTIRE insurance industry is, well I'll use your word "blanketed" by a gov. that sees to it that they cannot lose!
If AIG went belly up all heel would break loose.
Why is it that a homeowner can pay bookoos of bucks year after year on a property and then file a claim, get 1/2 of what it cost to replace the goods and the insurance co. drops them.
How is credit worthiness applied there?
How is it that you pay for health insurance, file a claim and ....BAM!, they don't cover that?
Insurance is necessary in theory but in practice its a damn RIPOFF!