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#car Insurance
odinsblog · 2 months
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Automakers are collecting driving data from customers and quietly providing it to insurance companies, and the practice has resulted in some unassuming drivers seeing their coverage increased or even terminated due to the practice, a new report reveals.
The New York Times reported this week that car manufacturers like General Motors and Ford are tracking drivers’ behavior through internet-connected vehicles, and sharing it with data brokers such as LexisNexis and Verisk, which create “consumer disclosure reports” on individuals that insurance companies can access.
The consumer reports do not show where a driver has traveled, but they do provide information on length of trips and driving behavior, such as “hard braking,” “hard accelerating” and speeding. Insurance companies can use those reports to assess the risk of a current or potential customer, and adjust rates or refuse coverage based on the findings.
The Times highlighted the case of Kenn Dahl, the driver of a leased Chevrolet Bolt, who learned he and his wife's driving habits were being tracked when an insurance agent told him in 2022 that his LexisNexis report was a factor behind his insurance premium jumping 21%.
“It felt like a betrayal,” Dahl told the newspaper. “They’re taking information that I didn’t realize was going to be shared and screwing with our insurance.”
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reality-detective · 3 months
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Is big brother riding shotgun in your car? 🤔
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kudo-i-guess · 4 months
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despite all the people in Gotham who keep losing their cars for various reasons (read: Batman and co.), they don't really complain - not when Bruce Wayne conveniently pays for the Car insurance, saying "it's because the destroyed cars are surrounding my property, it gives a terrible look"
(you could think The Batman does this on purpose too; the cars who usually get absolutely destroyed are usually already broken, and then to have Mr.Wayne pay for it for practically no reason)
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bitchesgetriches · 3 months
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Which would be better to do: pay my car insurance in one lump sum reducing my emergency savings to almost nothing or put my car insurance on monthly payments which would slightly increase the amount I pay but allow me to keep my emergency savings intact. I know this is probably a personal preference question but was hoping the almighty bitches might have some input to help me make a decision.
Option #2.
I'd only pre-pay auto insurance if your emergency savings fund would NOT be depleted by it. This is what I do to save a little money every year, but my emergency fund is nice and fat and I can easily replace it within a few months when I use it.
Here's why: You will need your emergency fund to pay for your insurance deductible in the event of an insurance claim. If you've spent it all on your monthly insurance payment, then you will have nothing left for your deductible.
And if that didn't make sense, we explain all about it in these posts:
Dafuq Is Insurance and Why Do You Even Need It? 
You Must Be This Big to Be an Emergency Fund 
3 Times I Was Damn Grateful for My Emergency Fund (And Side Income) 
Did we just help you out? Tip us!
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justbusterkeaton · 5 months
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Good Job Buster! 👍
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The provincial government has vowed to take steps to close a troubling loophole that allows prohibited drivers to buy vehicle insurance in their name through ICBC, following Global News reporting. Roy Heide was a prohibited driver with no licence before he earned the dubious distinction of holding what the Abbotsford Police Department believes is the worst impaired driving rap sheet in Canadian history. Yet ahead of the August 2022 crash that secured his 21st impaired driving conviction last month, Abbotsford police said Heide was able to insure his motorcycle with B.C.’s public auto insurer as the registered owner.
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Tagging @politicsofcanada
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reasonandempathy · 5 months
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I don't think people realize that with universal Healthcare, car insurance costs would go to to 1/3rd or 1/4 of what they are today.
Car insurance in the US for a 2022 Subaru (for example) is $150 a month or about $1750 a year for normal insurance. In Germany insuring the same car would cost $327 a YEAR.
If you want to get the best, complete coverage insurance, it would cost $981. Universal Healthcare would save money on our insurance premiums, medicine, hospitals, and also our god damn cars.
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cy-cyborg · 7 months
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Don't you just love dealing with insurance as a disabled person?
in august, someone driving a company vehicle hit my car and wrote it off. This car was modified to allow me to drive it, it had old mechanical hand controls that were nothing special but they got the job done. I can't drive without hand controls, physically or legally.
They f*cked us around with the claims process for so long that we decided we needed to go and try to get a car, paying out of pocket (putting ourselves in dept to do so) because public transport where we live is shit and I need to be able to go to appointments, not to mention my partner is a door dasher who depends on a car for our income.
In early November the insurance of the company the at-fault driver belonged to finally answered us back (but only after my partner and I AND the towing company who took the car threatened legal action because they were ghosting everyone) and they finally admitted they were at fault and asked for our terms. We only asked for the hand controls to be covered and that they pay the towing company and other costs associated with the accident (I think there were fees from council or something because oil spilled on the road but I don't remember details).
Much to my suprise, they agreed to pay for all of it, explicitly stating, in writing, that they'd pay for the cost of the hand controls and their installation in the new car. We gave them a quote from the only place "in our area" (aka 2 hours away) that could do the installation. The style I had no longer exists, and the next cheapest option is $8,800.
They answered us back today and offered us $3,000 total. That won't even cover the cost of the assessment the NSW government insists that I have to get done before they can be installed. Hell I don't even think that would cover the cost to get the old mechanical ones installed if they still existed, I paid $5,000 for them back in 2018/2019 and prices for all disability-related stuff has sky-rocketed since then. So despite them admitting their client was at fault, they still think it's fair that I should be out over $5,000 just to be able to use the car that replaced the one thier client wrecked. That's not even touching on how much we were out for the cost of the new car itself. We didn't ask for that, we just wanted the hand controls covered.
As if I don't have enough going on right now, I not get to add "fight with insurance" to the list.
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[ID:A Gif showing a woman with black hair, a white shirt and blue skirt angrily flip over a small plastic table/End ID]
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Insurance is fucking wild.
I switched to a new insurance provider last month. They’re like “You’re covered from this day”
And I’m like “Amazing, so if I get into an accident between now whenever I can put a claim in?”
And the guys like “Yeah absolutely. You’re covered. Well get you a hire car, tow truck etc”
So anyway, about 3 weeks later I hit a kangaroo. Entire left front panel is fucked, my cars pouring out transmission fluid, steering fluid, oil; it starts but I can’t move it cause the axel is bent etc.
So it’s towed home and I call my insurance and lodge a claim.
They get me a hire car after me pushing- the hire car guys like “They don’t even fill out the paperwork work properly. You’ll have to give me a claim number and your card details”
The tow guys like “They didn’t fill out our paper work only gave us a claim number and that was it”
So anyway now it’s under fraud investigation cause I claimed too soon.
Like how the fuck do I prove I hit a kangaroo? I mean there’s hair still in the smashed part, the oil has been pooling in my driveway for a week now.
So yes I have insurance, yes I can claim- but I’ll be investigated for claiming.
This is what I pay almost 2k a year for 🥴
To add insult to injury; the kangaroo was fine the asshole.
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bits-of-wit · 8 months
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cazort · 13 days
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We got our recent car insurance bill and it had increased by about 32%, which is crazy. Neither of us have been in any accidents or placed any claims, and our cars get older every year, so I would expect our premiums to stay the same or even decrease, and not to increase faster than inflation.
I called my insurance agent and explained, and she immediately said, this doesn't look right. Rates have increased a lot, but not by that much. She said the rate increase was only 11%.
We had moved over the past year, and it turned out that the insurance company added an "out of state license" surcharge because we updated our address but not our driver's license numbers. But we got new licenses and have in-state licenses. This took off 19%. Then I noticed there was a 2% surcharge for paying with a credit card, and we could remove that by paying from a checking account. With these two fixes this brought the increase to 11%.
I then realized, from talking to the agent, that we were paying for some coverage we didn't want. We took that off, and then the premium was reduced to slightly cheaper than what it had been, so we ended up with about a 7% decrease in our premium. So the net change was saving about 39% of the bill we received which is insane. All because I called.
By far the biggest decrease here was the 19% increase from the erroneous license records.
The moral of the story, if you ever see an unexpected increase in your bill for anything, and it seems disproportionate or doesn't make sense, call and ask. A lot of companies will just slap on a lot of fees by default, if they can get away with it, and the burden is on you to get them removed.
Even if you don't have any increase, if you are financially strained, and you have a particular big bill payment, call. There might be ways for you to save on the payment.
For example last year we called in and wanted to reduce the premium and it turned out there was a free driver safety course and my wife and I both took it, and that also slightly reduced our premiums.
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odinsblog · 1 year
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In New York, drivers with a clean driving record but a low credit score are quoted $1,367 more for car insurance, on average, than otherwise identical drivers with excellent credit, according to a new analysis of tens of thousands of car insurance quotes.
For drivers in ZIP codes with predominantly Black residents, the gap yawns even wider: The cost of poor credit in those areas is $3,411 a year, on average.
These disparities were uncovered in a study of nearly 100,000 insurance quotes from 10 major New York car insurance companies. It was conducted by the Consumer Federation of America, a nonprofit advocacy organization.
The findings show just how much car insurance premiums can be inflated by factors that aren’t directly related to how safely a driver behaves on the road. They also reveal how a driver’s credit score can combine with their ZIP code to raise the cost of car insurance, which is mandatory for drivers in nearly every state.
“We’re talking about experienced drivers with no history of accidents or tickets facing premiums that are hundreds or sometimes thousands of dollars more, simply because of what shows up in their credit reports,” says Douglas Heller, the CFA insurance expert who led the new study. “This is unmistakably harmful to the people of New York.”
The same dynamic plays out across the country. Only California, Hawaii, and Massachusetts bar insurers from using drivers’ credit scores to set premiums. Everywhere else, a low credit score will likely raise your car insurance price, and your ZIP code could multiply the damage. (Insurers use a special “credit-based insurance score” for pricing, but it’s calculated in a very similar way to your normal credit score.)
By law, insurers aren’t allowed to use race and income to set car insurance premiums or decide whom to insure. But critics say factors like credit scores and ZIP codes can have a particularly significant effect on certain racial groups.
For example, Black, Latino, and Indigenous Americans are much more likely to have poor credit than white Americans, a reflection of decades of discriminatory policies including redlining that have limited opportunities for communities of color to build wealth.
This sets up a double whammy for drivers of color. “When you marry credit and territorial pricing, you get a disastrous result,” Heller says. “There’s an amplification of the credit penalty in majority nonwhite ZIP codes.”
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animnightmare · 4 months
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Thinking about the time I burst into a fit of hystaric crying as an ~8 year old because of car insurance.
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brokenmusicboxwolfe · 1 month
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Venting. Sorry…
I swear, I am going to just shatter. I though it was a bad day starting out (my knee, rotten period gushing blood, spilling my breakfast on the floor, accidentally endangering a bird’s nest full of baby birds, the farmer spraying the fields when I had to be out, my phone not working right and Mom being exceptionally weak when I called her, etc) but then I get the mail.
OMG! The bill for the car and truck insurance hadn’t been paid and it’s due TOMORROW! Because the vehicles are owned by Mom, my brother (or sister-in-law rather) pays the insurance from Mom account. I pay all the taxes, repairs, gas, etc myself (which is NOT easy carve out $1000 a month believe me!) but they have taken care of the insurance.
Until now.
You can’t drive a vehicle without insurance and where I live you can’t go anywhere without a car! I’m ten miles from a grocery store and no mass transit, obviously!
So, in a panic I try to get in touch with my sister-in-law. Then I try to see if I can pay it myself, ‘cause I may be broke but I HAVE to have a car!
$515
I don’t have that much in my bank account!!!
“Good” news though. I discover I can pay it partially. With extra fees for it being an installment, of course. There are ALWAYS extra fees is you are poor.
And so I scramble, transferring money so I can pay before I’m doomed.
I’d been so proud of myself. I’d saved money last month! Ok, part of it was someone donated to my ko-fi and I got my first tip ever on Tumblr, but mostly it was by only buying groceries once in a whole month. I had actually saved money!
Whoosh! There is goes! All of it.
And now I have to hope the animal feed and meds lasts another week, because my monthly money won’t come until then. As for me..
Oh god, not bean soup for two weeks again!!!!! And in the heat now, with me saving money on electricity by not running the air conditioner. Cold bean soup…
**sigh**
Well, at least after a spike in fear and panic over the thought of not being able to drive, I can relax a little…
But there will be a next installment. And a next.
Okay. Despair it is then!
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car-insurance-memes · 6 months
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please stay on topic
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suppotato123 · 7 months
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One time I was talking with my friends about their sucky exes, and I said to one of them, “he’s literally just a guy, hit him with your car!!!” And the guy who was with us said with such sincere worry in his voice, “no, don’t do that! Your car insurance will go up!”
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