Car insurance costs

[GunsMadeAmericaFree]

I did a bit of comparison shopping on a website yesterday, and it was VERY detailed. They wanted to know how many miles a day each car was driven, main purpose for the vehicle, what grades my kids were getting, if they lived at home, etc. For 6 months, even with doubled coverage, they are quoting us a price that is 60% less than what State Farm was. (40%) It would save us about 25% on a year of coverage. I'm assuming that this is just an intro offer, and it will probably jump up to about what we are currently paying after 6 months.....

 

[FelixDeCat]

All insurance companies are that way. In the end, their primary duty is to the shareholders, NOT their customers.

GEICO Settlement Offers and Maximizing Your Accident Payoff

This page aims to help you understand the settlement value of your case against GEICO and give you weapons to maximize the settlement value of your claim. Learn the secrets they don't want you to ...

www.millerandzois.com

Even lawyers experience how a tough cookie GEICO is.

Also, car accident lawyers can be rather lazy and be a settlement mill. The bigger the firm with more branches, the more likely it's a mill.

If you read everything on the web page (and some of the links beyond), there is a lot of eye opening information. There are explanations on how the settlement process usually works, authority limits and their reasons, etc. Worth reading completely.

 

[WilliamM2]

If you read everything on the web page (and some of the links beyond), there is a lot of eye opening information. There are explanations on how the settlement process usually works, authority limits and their reasons, etc. Worth reading completely.

It's giant advertisement for an ambulance chaser. Is that really where you want to get information? TM thinks he's a lawyer, and everyone is out to screw him over somehow...

 

[Muse]

Teen drivers are expensive. Honestly $2k/year with two teens on it, with one being a boy, seems pretty good to me.

Rightfully so. I know, I was one.

 

[Torn Mind]

It's giant advertisement for an ambulance chaser. Is that really where you want to get information? TM thinks he's a lawyer, and everyone is out to screw him over somehow...

I'm clearly aware where I'm at. Amateur law experience. But being an amateur is more experience than whatever you have. It's about as stupid as saying Judge Judy isn't a "real judge". She isn't, still knowledgeable, and still protects her industry by not disclosing too much or simply disclosing irrelevant concepts. Just like someone who played JV sports will know more than someone who has never played.

Fact is that most lawyers would rather not disclose anything at all, good or bad. Neither do judges. They won't say you violate this law, cited here, or one answer to a question is questionable. They just rule in favor of the plaintiff or defendant, and the damages due.

In addition, I do have personal knowledge of dealing with a situation where both parties are GEICO-insured. I was driving straight, woman decides to open the door with no regard. GEICO, "reinvestigates", I offer up dashcam footage, and thus use that to reject both claims.

Order of rulings by GEICO:
1. Ruling in favor of woman opening door, with compensation to her
2. Reversal, ruling in favor of me only for property damage
3. Re-investigation...out of wanting to "prove things harder", I offer up dash cam footage. Then they just deny everyone involved and say both are at fault.

Lesson learned...don't offer up more if you've already won something.

In addition, you utilize ad hominem against the lawyers and me, thus not arguing on merit but rather the individual's properties. It is the necessary inference then, that you believe GEICO adjudicates fairly because a lawyer posted an article on the internet and that each sentence the lawyer wrote is false.

Plus, you do know how profits are made. Price multiplied by quantity. Every increase in premium, every new customer increase profits. Paying out claims, does the exact opposite.

 

[KMFJD]

well shit....look at this

Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies

LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars, including when they sped, braked too hard or accelerated rapidly.

www.nytimes.com

https://twitter.com/x/status/1767174357691121832

 

[nakedfrog]

Hm, I guess I'm only just an iota surprised. Like, a non-zero amount, but it would be difficult to measure.

 

[Red Squirrel]

I hate this zero privacy trend so much. Everything seems to be designed to spy on us.

 

[Brainonska511]

well shit....look at this

Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies

LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars, including when they sped, braked too hard or accelerated rapidly.

www.nytimes.com

https://twitter.com/x/status/1767174357691121832

View attachment 95187

Hooray, more tracking databases to request my information from and another form to fill out to opt out of additional spying.

 

[Torn Mind]

I hate this zero privacy trend so much. Everything seems to be designed to spy on us.

It isn't a trend. It's been that way since the beginning. Just that tech is enabling the ability to track what once could not be tracked.

 

[repoman0]

Gross. Old dumb cars for life.

 

[highland145]

@KMFJD friend ordered his report. He only leases. Pages and pages of his driving record. Screw that. My amazfit watch tracks me enough.


New Trend: Cuss words per mile.

 

[brianmanahan]

well shit....look at this

last time i was in a meeting with lexisnexis, actuaries were excited about getting more data like this. already used CLUE reports from them but that's just comp/collision data (dates and loss amounts) plus at-fault/not-at-fault/no-fault indicator. more data's always better for predictive models.

that was forever ago, i'm surprised it took them this long to get it. unless it's been around for a while and people just found out.

 

[nakedfrog]

It isn't a trend. It's been that way since the beginning. Just that tech is enabling the ability to track what once could not be tracked.

It sounds almost like it hasn't been that way since the beginning, if it couldn't be tracked before?

 

[Red Squirrel]

I have a 2009 so think I'm good, but eventually it will rust beyond repair so will be forced to get something newer. Rust is what tends to do cars in.

I wonder how hard it is to strip out all this crap. I'm guessing it's all part of the ECU or is it more complicated than that? I really need to get myself setup to work on cars since if ever I have to get a new car I'd want to figure out how to disable this crap.

You probably can't just disable the antenna either if you find it, since if it fails to communicate it would probably shut down the car so you really need to strip out the entire computer or whatever it is that controls everything. May also be illegal to do so doubt mechanics are allowed to do it.

 

[Brainonska511]

I don't think its necessarily a reason to totally fear new technology. But at minimum, approach new stuff with open eyes, opt-out early, and lobby your state (or province for you Canadians) or federal representatives and agencies to ban this type of collection, or make it opt-in with clear, lay language.

 

[snoopy7548]

I have a 2009 so think I'm good, but eventually it will rust beyond repair so will be forced to get something newer. Rust is what tends to do cars in.

I wonder how hard it is to strip out all this crap. I'm guessing it's all part of the ECU or is it more complicated than that? I really need to get myself setup to work on cars since if ever I have to get a new car I'd want to figure out how to disable this crap.

You probably can't just disable the antenna either if you find it, since if it fails to communicate it would probably shut down the car so you really need to strip out the entire computer or whatever it is that controls everything. May also be illegal to do so doubt mechanics are allowed to do it.

To be fair... they get so much more information on you from your online habits (Twitter account, YouTube, public forums, etc.) than your car can ever give them. I wouldn't worry about it.


Back to car insurance, mine hasn't been that bad. I was paying <$700/year (I did drop comprehensive/collision, though) until I bought a newer car and it jumped up to $1057/year. 4 years later and it's only up to $1240/year. This is in MA. I've been with the same insurance company for about 13 years. No tickets, no accidents. *knock on wood*

 

[Red Squirrel]

Yes and no, online is one thing, but physical life is another. I kind of accept the fact that if I go on a specific website they know all my habits, just like a mall security guy looking at the cameras knows where I am because it's their building. But with a car they basically know exactly where you are at any given time. I guess the same can be said with phones too, but at least you can leave it home which I do half the time anyway.

The fact that they can use this info against you to raise insurance cost or affect your warranty is a serious concern too. Like what if you decide to bring you vehicle to a private property like a track and have fun now your insurance goes up and your warranty gets voided.

 

[Brainonska511]

Yes and no, online is one thing, but physical life is another. I kind of accept the fact that if I go on a specific website they know all my habits, just like a mall security guy looking at the cameras knows where I am because it's their building. But with a car they basically know exactly where you are at any given time. I guess the same can be said with phones too, but at least you can leave it home which I do half the time anyway.

The fact that they can use this info against you to raise insurance cost or affect your warranty is a serious concern too. Like what if you decide to bring you vehicle to a private property like a track and have fun now your insurance goes up and your warranty gets voided.

Except with online, it's not like that at all. You go to unrelated websites and they can just track you across the web. Search engines collect all your searches... And you just aren't as anonymous online as you might think.

It's only a matter of time until someone figures out how to package this information on to data brokers to make a buck and impact your real-world life in some other fancy way.

 

[Red Squirrel]

Except with online, it's not like that at all. You go to unrelated websites and they can just track you across the web. Search engines collect all your searches... And you just aren't as anonymous online as you might think.

It's only a matter of time until someone figures out how to package this information on to data brokers to make a buck and impact your real-world life in some other fancy way.

Yeah true this is a serious issue, I wish web browsers would fix this, surely there's got to be a way to simply block that stuff 100% and stop leaking so much info such as cookies and history. I tend to clear my history as I go but not sure how much that helps since they can still look at your cookies and blocking all cookies could break a lot of sites and logins. I block 3rd party and I use privacy badger and ublock but not sure if that's truly enough. All that stuff also links with your phone somehow too. Back when I ran a stock rom, I would see ads based on things that I said IRL. But now I still see adds based on sites I went to, so despite all the privacy extensions it seems they still have a way of knowing which sites I go to, which is freaky. I block ads on my own PC, but this happens if I'm at work, or other situation where it's not my main PC.

 

[esquared]

well shit....look at this

Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies

LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars, including when they sped, braked too hard or accelerated rapidly.

www.nytimes.com

https://twitter.com/x/status/1767174357691121832

View attachment 95187

Archive link to the NYT.

https://archive.is/9wDpJ

 

[Torn Mind]

It sounds almost like it hasn't been that way since the beginning, if it couldn't be tracked before?

The US is a hamstrung government compared to many others, so you are not aware of how probing other locales were in the previous ages. Old school Chinese communists would knock on doors to remind the people certain things to not do. My mother told me about how when Nixon was visiting, the government would do exactly that tell her not to say a thing to the Western media if they do ask. Now China has computers and the like to manifest the very same controlling will even more invasively.

Back in the day, it was the Whitepages that would disclose names tied to phone numbers. The big companies like Facebook, Microsoft, Google, and Yahoo! have essentially replaced that function by reporting to those "personal info websites". I have used truthfinder and I can gmail, hotmail, and yahoo accounts sometimes, which only could have been sourced if the respective companies snitched.

And there's the real property ownership system, where you don't really fully own it, and the owner name gets broadcast to the public for all probing eyes to see.

 

[MtnMan]

I pay almost $1500/year for ONE vehicle with State Farm. A 2019 F-150. We both have spotless driving records and ZERO claims.

That's a red flag. No tickets or claims, that means you are past due to get a ticket or have an accident.

 

[highland145]

That's a red flag. No tickets or claims, that means you are past due to get a ticket or have an accident.

Or tell sf to fuck off. Did after 30 years, with 1 $1K claim, saved $800yr. 2 cars, house and an umbrella. Eff SF

 

[Red Squirrel]

That's about what I pay for my 2009 F-150. Car insurance is in general really expensive. I pay $170 total for insurance so about 2k/year. That counts the house too though. I don't recall how it breaks down but I know the majority of the cost is the truck and not the house.

They jacked up the price in 2020, used to pay like 150/mo. I get a "good" rate too, I'm on a group plan with my company. I shopped around and no one can beat it.