PDA

View Full Version : Insurance....Another rant



R6MGS
08-15-2006, 09:35 PM
As some of you know I've been looking to get my hands on a late model S10 as a beater and as a driver for my 17 year old son. So I finally find one I can live with but before I go ahead and buy it I decided to call up my insurance and get a quote(with the assumption my son will be a secondary driver)...My insurance company tell me that since I have 3 drivers in the house, and this will be the third car(LBC's and Camaro are with another company) my son will have to be primary driver on the S10 since my wife is already prinicple on the Caddy and I am principle on the Jag. Anyway with my son as the principle driver they quoted me $6,500!
Now I am in a position where I either have to pay the rediculous rate in order for my son to drive...or the only alternative I can think of is if I move the Jag over the other company with the LBC's and use it as a weekend car only. This will leave only the new truck and the Caddy as our two main drivers allowing my son to come on as secondary driver thus reaching a reasonable rate.
The part that gets me is that by forcing me to move one car to another firm(basically just to 'hide' it from them) their losing business.
After spending as much time on the road as I do i can understand why rates are so high....But you would think companies would want to keep customers instead of push them away.

tony barnhill
08-15-2006, 09:38 PM
That's just weird! I'm the principal driver of a whole bunch of cars (about 8!) & Jerri's the principal on only 1...when Shannon, our daughter, was at home & driving, I was still the principle driver of her car - she only became the principal when she went away to college.

I'd dump that company altogether!

jlaird
08-15-2006, 09:40 PM
Think I would check all over, that is an awful price.

My 18 year old granddaughter has a BMW no less and her insurance is cheep.

R6MGS
08-15-2006, 09:58 PM
Well tomorrow I am going to start calling around for some other quotes....I talked with some friends today and they have all been through the same thing with their companies...maybe they handle that kinda thing differently here? I don't want him principal anyway...It just boosts the rate for nothing. I am not driving the Jag to work now anyway so changing it over to specialty insurance is no big deal for me.
Tony, are those 8 cars insured as main drivers(to work, errands, etc) or are they weekend cars only? Because my weekend(or classic) insurance is under another company so it doesn't affect my normal cars.

R6MGS
08-15-2006, 09:59 PM
BTW: Is my sig pic working? cuz it's not showing up for me.

tony barnhill
08-15-2006, 10:12 PM
[ QUOTE ]
Tony, are those 8 cars insured as main drivers(to work, errands, etc) or are they weekend cars only?

[/ QUOTE ]

Since Jerri & I are both retired, all my cars are insured as recreational - my Dodge & Sonoma pickups are the closest things to a work car I have insured...everything else (Jerri's C280 included) is insured for less than 5,000 miles a year....my 280SL is driven on Sunday's, the MG's just depending on my whims...the Sonoma is probably my daily driver around town except on weekends when I drive the Dodge - & the Dodge is what we use for trips.

Now, if that ain't confusing, I don't know what is!

Baz
08-15-2006, 10:32 PM
Yes, sig pic is coming through and I count....Four vehicles.

wierd, now it's not, just a red X in left corner..... /ubbthreads/images/graemlins/confused.gif

Tony's pic is fine...that is crazy, it was there, then not?

Check the originating address.

DrEntropy
08-15-2006, 10:39 PM
Insurance generally is a mug's game. They have "rules" and stockholders... go to the old saw: "The house wins all ties."

They're set up to use the statistically proven averages. "No recourse, no right of appeal." I can't post the term I WANT so desperately to apply... Basil would go into apoplexy. /ubbthreads/images/graemlins/wink.gif

Suffice it to say: Since we're willing (as "consumers") to pay a dollar for 16 oz. bottles of WATER and HUNDREDS for the priveledge of watching television from a "pipe", we should be willing to fork over THOUSANDS for the ability to be mobile in *our own* conveyances... Welcome to the 21st century. Please pay at the door. And check your weapons there as well.

AngliaGT
08-15-2006, 11:16 PM
Back when we had my Wife's Protege,& my Daughter's
Saturn on full coverage,& the rest of our vehicles on PL/PD,
I took one of the Cortina's off.
The person from the insurance company told me that my premium now was "only $4900 a year",to which I replied-
- "Only?"

BTW - Just how many cars can you drive at one time?

- Doug

DrEntropy
08-15-2006, 11:42 PM
Well, assuming we don't concern ourselves with the 10+1 dimensions (or "branes") of super string theory, I'd say ONE at a time... but we don't have lobbyists in D.C. to champion LOGIC apparently.

The authors of the Constitution have gotta be turnin' at around 4,500 RPM about now. Redline imminent.

R6MGS
08-15-2006, 11:46 PM
Thanks Baz....maybe the host of that pic(cardomain) is having trouble...I'll look into it later

Doc, I couldn't agree more...

DrEntropy
08-16-2006, 12:06 AM
I'll say this: I don't see it as "out of line" so much as "truth of observation."

...but I'm only an egg...

anthony7777
08-16-2006, 04:40 PM
guys, are the insurance regs diff. in cnda.? /ubbthreads/images/graemlins/confused.gif

R6MGS
08-16-2006, 09:49 PM
I am honestly not sure if there is any difference....but it is very possible that there is.

I started looking at some online quotes and have determinded this is going to require ALOT of shopping around to get everything settled....All this insurance hassle has caused me to lose the truck I wanted, so now we're back to looking...When the next one turns up I am gunna get it right away and deal with insurance afterwards now that i know what i am in for.

Basil
08-16-2006, 10:01 PM
[ QUOTE ]
BTW: Is my sig pic working? cuz it's not showing up for me.

[/ QUOTE ]

It is now - I downloaded it from that site and uploaded it to my sever, then changed your signature link. It's possible that the place you had it hosted has some restriction on hot-linking to images (to conserve bandwidth).

Basil /ubbthreads/images/graemlins/computer.gif

R6MGS
08-16-2006, 10:13 PM
Thank you Basil! /ubbthreads/images/graemlins/thumbsup.gif
/ubbthreads/images/graemlins/cheers.gif

AngliaGT
08-16-2006, 10:54 PM
It could be worse,you could live in British Columbia,
Canada.
They have ONE insurance company - if you don't like it,
too bad.
Imagine having a monoply in the insurance market.

- Doug

R6MGS
08-16-2006, 10:59 PM
Ouch, I didn't know that....that would definatly not be the place for me.

KLUTZ
08-17-2006, 11:17 PM
Ron. You can't "Hide" the other car from the insurance company. Everything is on computer and the Insurance Companies talk to each other and have information on everything. Ever try to lie about a ticket or somthing when checking out other companies? If you get caught trying to screw them around, which they have been doing for years, you will be blackballed and will not get insurance from any of them.
How do I know this? My Dad is our Broker.
We have ING and they are quite reasonable with our Daughter as third principal driver, even though she lives in another city for School. Our Son may be a differant story like your's in a few months though.

Remember.. The insurance companies are watching you /ubbthreads/images/graemlins/frown.gif

DrEntropy
08-17-2006, 11:32 PM
Welcome to 1984... err.. 1994... mmmm... 2004...

Well. Orr...

...something like that.

R6MGS
08-18-2006, 08:26 AM
I am not trying to 'hide' a car exactly.....Just moving one car from being a main driver to a specialy car(kinda like classic insurance)....So even if they know I have it,it doesn't effect my main drivers.

Dave Richards
08-18-2006, 12:45 PM
Was $6,500 the quote for just the S-10? We pay about $2,500 for a teenage boy as primary driver (we've had 3 so far) and I thought that was outrageous. $6,500 is insane!

KLUTZ
08-18-2006, 02:01 PM
[ QUOTE ]
I am not trying to 'hide' a car exactly.....

[/ QUOTE ]


I know that, you know that...... But....
I always like my Ins. when I take the TR7 off in the fall, and this year with the MG. Monthly payment drops $140.00 per month. Our Daughter was $1700.00 per year as Principal driver on the Triumph without collision.

Paul

R6MGS
08-18-2006, 04:45 PM
Yes, the $6500 was just the S10....Caddy and Jag about $1000 a year on top of that....But I am going to move the Jag to the classic plan so it will only be a few hundred bucks after that. And with my son as secondary on the S10 it will be somewhere around $2000 for that only....Which isn't all that bad.

AngliaGT
08-18-2006, 11:19 PM
$6500 CDN - isn't that like about $150 USD?
Sorry - couldn't resist!

- Doug

Dave Richards
08-19-2006, 10:02 PM
Thanks to the gurus at the Fed, it's about $1cdn to $.86US. Does anyone remember Ross Perot asking "What's that giant sucking sound?"

Dave Richards
08-20-2006, 06:17 PM
That quote for $2,000CDN, is pretty reasonable compared to our upstate NY rates. Not that they're great, it's still too expensive, but it's the going rate...it's about $2,500 for boys and $1,700 for girls.

R6MGS
08-20-2006, 09:21 PM
yeah, I figure I'll end up paying the $2-2.5k once I get the other car moved to collectors insurance and my son on the truck as secondary.....Instead of wasting time playing with insurance now I think I'll buy the truck and then start sorting the insurance. A few good trucks have finally hit the market so now seams like a good time. I am still debating whether it's better to buy an older truck(98-99) with higher mileage(100k) or a newer(01-02) one with less mileage...The price difference between the two options is a considerable amount(roughly $4-5k+), and the only real difference is age and mileage-they're identical trucks otherwise.

William
08-21-2006, 06:49 PM
The "one primary driver per vehicle" thing seems pretty standard. We had the same thing when I got my license- Mum and Dad had their own cars, I had my own car, so we had to have one primary per car, and one of us couldn't be the primary on two of them. Same thing when Kid Sister got her license and had the use of her own car. Which didn't make much sense as in both cases neither myself of Sister were registered owners of said vehicles. While I understood the logic behind this policy (after all, I was likely to be the only one driving my car most of the time) I also thought it was a bit of a ripoff, a way of guaranteeing slapping you with the "new driver" rates.

-Wm.

R6MGS
08-21-2006, 09:45 PM
Yeah...I smell ripoff...I'll post and let everyone know how things go when I get the Jag moved over to collectors insurance...That will leave only 2 full time cars and 3 drivers....Lets see them pull another ripoff now