[Shotimes] Re: Semi OT - Insurance rates/Credit Rating
Mike Wojton
mwojton@gmail.com
Wed, 26 Apr 2006 17:02:12 -0400
Sounds like when I called State Farm to ask if our van, which is now four
years old, is eligible for lower rates because the value is nowhere near
what it was when we bought it new. Logic would dictate that the rates
should go down some. I was told (or at least the way I understood it was)
that the rates were higher to begin with so it should even out over time.
So I said "So you're overcharging me from the start, hoping I won't
notice." There was an uncomfortable pause, and I said "That's what I
thought" and hung up. What a racket!
--
Mike Wojton
Dover, PA
-'95 White MTX
'96 Brake Upgrade
Eibachs (front)
Dynomax catback
"Avoid the clap." - Jimmy Dugan
On 4/26/06, G Kerby Haltom <g.kerby@sbcglobal.net> wrote:
>
> It all comes down to the thing that insurance companies do better
> than most anybody else, make money. If they can use the credit score as
> an excuse to stick it to you more, they will. Back in the early 90s I had
> car insurance with Aetna. they decided they wweren't making enough money
> in Texas, so they pulled out of the market. Now, all of their former
> policy holders were immediately put into the high risk category because
> their policies had been cancelled. Didn't matter why they had been
> cancelled. And yes, I'm still bitter about that one...
>
> Kerby
>
> Mark Nunnally <marknunnally@joimail.com> wrote: >You about always get
> better rates when you carry multiple lines (car & home)
> >with one company.
>
> We had a multi-line with State Farm to, LM's multi-line quote was roughly
> 1/2 what SF was
>
> >Well, except I would NEVER get Geico, nor would I get Progressive again.
> On
> >had Progressive on motorcycles years ago, and had no issues, but others
> >have.
>
> Had a buddy in NY who had a few bike mishaps with progressive, and
> had nothing but praise with their service. Like most things, it's
> probably the actual person (with insurance, your agent) who you deal with.
>
> Back to the credit thing, it's probably just a statistics things. They
> base just about everything on that, anything that doesn't line up,
> they transfer the risk ($$) to you. I recently did a term life policy
> and got bumped from super preffered rates, to prefferred rates,
> simply because of a past cancer history in my dad from 15 yrs ago (he
> was treated successfully). they look for stuff like that under age 60.
> what irks me about that, is my sister's husband just got super
> preffered even though his dad died at 62. So I've got a healthy father
> who's alive, and I get bumped down a column. Beyond that, I don't buy
> too much into the family history gig, it's mostly your lifestyle and
> how you treat your body, stuff my dad did early on in contributed to
> that. but, they still look at statistics and transfer the risk to you...
>
> mark