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> Insurance Premiums For Young People --This is Bs
Insurance Premiums For Young People --This is Bs
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Pages: 1 2 >>clutch
- Tech Advisor
This is the way things work: Young people are 18 have to pay super high insurance premiums when it's the old people who can't drive!!! I've gotten 2 speeding tickets (going 10 mph overlimit) and had my license suspended when I was 17. However, I have never hit anything ever. In my other car a lady jumped out in front of me causing almost 5,000$ woth of damage to my car. She was in her 30's. Yesterday some idiot backed into my new scion!! This guy was atleast 50. Now I have to go through the hell of having this fixed and be without my car for a few days.How is it fair that us young people have to pay such high insurance premiums based on statistics when we haven't even done anything!! yarrrrrrrrr TAKE AWAY OLD PEOPLE'S DRIVER'S LICENSES. sorry I had to rant I am very angry
[#] Aug 03, 2007 10:46am Orin
insurance premiums aren't based on your level of driving skill. No matter how good of a driver you think you are, most people in your age demographic speed and have a lot of incidents.
Your fault or not, the more incidents, the higher the risk. From an insurance point of view, higher risk policy holders are more likely to have a claim.
also I'm editing your title because "this is bs" doesn't tell anyone what this thread is about..
http://www.clubsciontc.co...hread&thread_id=11548
[#] Aug 03, 2007 10:50am Web
- THE SHADOW
The old and the young are those that are watched more carefully b/c they STATISTICALLY have higher accident/speeding rates as compared to middle aged society.
25 is the mark the you are reaching middle age and 65 is the mark and you are over the hill in the eyes of insurance companies. Although older people pay less premiums, they still have a high rate of accidents.
Complaining is futile when you supported the victory.
[#] Aug 03, 2007 10:54am rlinbatonrouge
- Tech Advisor
Neither of the people that you mentioned are "old." One is in their 30's and the other in their 50's. People under 25 are statistically more likely to speed, weave out of traffic, think "I can make it" and cut people off, race trains to beat the crossing guards, drink and drive, etc. We've all gone through it.
Remember insurance companies are a business and their goal is to make money. They rely on statistics to try and keep it in the black.
[#] Aug 03, 2007 11:11am tCizzler
- Detailer
I agree with Orin, but i wouldn't call them incidents, i would call them accidents because "incidents" suggests foul play. My ex used to work for an insurance company and she said that insurance is based almost directly on the type of car as well as age. For instance she as looking up Chevy Blazers and GMC Jimmys. Well it turns out that a ton more people wreck Jimmys than Blazers so for the Jimmy insurance was 200/month and the Blazer was only 115/ month. Even though they are technically the exact same vehicle.
I know age has a LOT to do with it, but my point here is that it also has just as much to do with the type of car. If no more tCs were involved in accident claims anywhere in the country for the next year, then next year insurance will be cheaper for someone your age now.
I don't like to fight, but i ain't scared to bleed..... Most don't mess with a guy like me- Eric Church[#] Aug 03, 2007 11:33am nickah
- Vehicle Designer
- Web wrote:
- The old and the young are those that are watched more carefully b/c they STATISTICALLY have higher accident/speeding rates as compared to middle aged society.
25 is the mark the you are reaching middle age and 65 is the mark and you are over the hill in the eyes of insurance companies. Although older people pay less premiums, they still have a high rate of accidents.
Tell me about it. Especially the old and here is a good example of why:
I was making a left turn into the supermarket the other day. As I start my turn when the light turns green I notice there's a car in the far right lane (where cars enter the market) waiting to make a left turn. I see that it's a really old Ford Crown vic with an even older tiny little lady behind the wheel. If it was some young driver or middle aged person I probably would've yelled and cursed them out but I just let it slide...and ended up going into the market on the opposite lane. Also if you're a girl who's under 25 your premium will especially be higher. Women have a higher crash rate per mile than men, but they have less accidents only because they drive less.
To the thread starter: Just be thankful you don't drive an EVO or an STi...HAhahaha they things they have to do to pay their insurance...
You can't learn me nothin...[#] Aug 03, 2007 12:44pm Orin
- tCizzler wrote:
- I agree with Orin, but i wouldn't call them incidents, i would call them accidents because "incidents" suggests foul play.
I understand what you're saying.
The reason I said incidents instead of accidents is because from an insurance standpoint, foul play can always be involved.
law enforcement no longer calls a car accident and accident because a lot of times people are attempting to fraud.
now accidents are simply referred to as "collisions"
[#] Aug 03, 2007 12:49pm tc4metory
- Scion Guru
- nickah wrote:
- Also if you're a girl who's under 25 your premium will especially be higher. Women have a higher crash rate per mile than men, but they have less accidents only because they drive less.
this actually not true.. being a girl your rates are less.. (my bro and I were insured on the same car at seperate times, both being 'first time' drivers and my ins was considerably less than his)
and as far as the premiums being high for you in particular (clutch) each time you file a claim with your ins. your fault or not it will make your rates go up.. If you talk with the guy that hit you and ask if you can settle outside ins your rates won't go up..
Chuck Norris is currently suing myspace for taking the name of what he calls everything around you.
[#] Aug 03, 2007 12:55pm Orin
^ it seems unfair and maybe a little sexist, but what Tory said is 100% true. Females have lower insurance premium rates than males.
please don't let this get off topic and turn into a gender battle, I was simply agreeing.
[#] Aug 03, 2007 12:59pm tc4metory
- Scion Guru
- Orin wrote:
- ^ it seems unfair and maybe a little sexist, but what Tory said is 100% true. Females have lower insurance premium rates than males.
please don't let this get off topic and turn into a gender battle, I was simply agreeing.
sorry I'm not trying to start anything..
Chuck Norris is currently suing myspace for taking the name of what he calls everything around you.
[#] Aug 03, 2007 01:00pm RoulettetC
- Scion Guru
Good student discount is always nice. My insurance was as low as $63/mo with my old accord, of course it didn't have coverage only liability. Now with the tC, at age 19 I am paying like $138/mo.
-Thanks for the sig Aciidsneaker
[#] Aug 03, 2007 01:06pm Orin
- tc4metory wrote:
- sorry I'm not trying to start anything..
nah, you're good, I was more concerned with my own remark
*sorry, back to topic.
[#] Aug 03, 2007 01:09pm soulravah
- Master Mechanic
- clutch wrote:
- This is the way things work: Young people are 18 have to pay super high insurance premiums when it's the old people who can't drive!!! I've gotten 2 speeding tickets (going 10 mph overlimit) and had my license suspended when I was 17. However, I have never hit anything ever. In my other car a lady jumped out in front of me causing almost 5,000$ woth of damage to my car. She was in her 30's. Yesterday some idiot backed into my new scion!! This guy was atleast 50. Now I have to go through the hell of having this fixed and be without my car for a few days.How is it fair that us young people have to pay such high insurance premiums based on statistics when we haven't even done anything!! yarrrrrrrrr TAKE AWAY OLD PEOPLE'S DRIVER'S LICENSES. sorry I had to rant I am very angry
Dont worry so much, you will have a different view when you are older. Just like people in thier 30's scoff at under-21 trying to drink, when they used to rant about it as well at that age.
Married with children...
[#] Aug 03, 2007 01:29pm nickah
- Vehicle Designer
- tc4metory wrote:
- nickah wrote:
- Also if you're a girl who's under 25 your premium will especially be higher. Women have a higher crash rate per mile than men, but they have less accidents only because they drive less.
this actually not true.. being a girl your rates are less.. (my bro and I were insured on the same car at seperate times, both being 'first time' drivers and my ins was considerably less than his)
and as far as the premiums being high for you in particular (clutch) each time you file a claim with your ins. your fault or not it will make your rates go up.. If you talk with the guy that hit you and ask if you can settle outside ins your rates won't go up..
Oh yeah haha I disregarded my own statement. Females have lower rates because they drive less statistically.
You can't learn me nothin...[#] Aug 03, 2007 03:07pm FrAnkRYzzO
- $upervillain
for Hire
I hate insurance companies! They'll charge you an arm and a leg for coverage, and then fight you tooth and nail on a claim. Unfortunately a necessary evil. 
I don't know if anyone else was affected by this, but for my company, Erie, the TC was reclassified this year from a "G" rating to a "K". I'm not sure if this is an industry standard rating system, but the further you go in the alphabet, the higher the risk rating of the car and its demographic of driver's. So even though I have a spotless record from tickets and accidents, my insurance was increased when I renewed back in May Did this happen to anyone else?
...............
Search or one of these adorable kittens WILL DIE![#] Aug 03, 2007 03:20pm clutch
- Tech Advisor
I don't know how it is where you live tc4 but my premiums don't go up when it's not my fault that doesn't make any sense. Wow 138$ a month I pay 280$ a month...All I'm saying is (now that I'm less angry) is that they should base rates off your total driving record not what they think you might do based on other drivers. For example, your insurance should start off low, once you get in an at fault accident it goes up considerably and conitnues to if you get in more. And raising the rates for getting speeding tickets and tickets for not wearing a seatbelt doesn't make sense. If no collision has occured rates shouldn't go up. I can see why they think people who drive 120 in a 60 will eventually get in an accident, but in my case I was going 50 in a 40. And that adds like 200$ more a year for 5 years...
[#] Aug 03, 2007 08:37pm SqMK
- Ultimate Window Washer
- clutch wrote:
- All I'm saying is (now that I'm less angry) is that they should base rates off your total driving record not what they think you might do based on other drivers.
So you are saying that some kid, fresh out of the dmv with a new license, should have the lowest insurance cost, than someone whose driven for 20 years who only has ticket for speeding and no accidents? This is not how insurance companies work, and if they did that, I believe they'd be out of business quick.
Hello guys I am new here and am looking for friends[#] Aug 03, 2007 09:25pm clutch
- Tech Advisor
you read it wrong. rates shouldn't (should not) go up for speeding tickets or not wearing a seatbelt. And yes if the person who has been driving 20 years has had an accident it should be higher than the person who hasn't had any accidents.
[#] Aug 03, 2007 09:50pm SqMK
- Ultimate Window Washer
- clutch wrote:
- you read it wrong. rates shouldn't (should not) go up for speeding tickets or not wearing a seatbelt. And yes if the person who has been driving 20 years has had an accident it should be higher than the person who hasn't had any accidents.
You are still leaving the risk out of the picture. Those who are prone to more moving violations are a risk to the insurance company, so what they do is sort of punish the driver for speeding and risking a possible accident. The same with younger drivers; you gotta pay to play, and if you are responsible, then thats when you get the 'award' of a lower insurance rate. Remember, usually when you get into an accident, there are TONS AND TONS of other factors. You think that $200 a month for insurance is expensive? Consider smacking into a $100k valued car, injuring the riders, your car is totaled, and you are injured as well. That $200 that you paid, and the tons of other young drivers paid that month (that dont get into an accident), essentially pays for a new car for you, a new car for the other driver, the hospital bills for you and the other driver, the damage to property and clean up, etc etc etc. Considering young drivers are an obvious risk to an accident, insurance companies will start them out at a high month value, so that all that pooled money can be applied to all those bills you just racked up.
With the above example in mind, reconsider the amount you are paying. Insurance companies need to make money, but they also need to be sure to cover the costs of accidents totaling hundreds of thousands of dollars. The money to pay for those bills dont come from nowhere. Since low risk drivers are obviously less prone to accidents, and have already proven themself to insurance companies with their driving history, usually the companies give them a break since the driver has already invested plenty of money into insurance and has proven him/herself as a low risk driver.
I'm young, but I agree and understand why insurance companies work this way. Sure, it sucks when you just get your license and car and need insurance. Just continue to be a safe driver without any moving violations (and accidents) and you'll get that sweet reward of a cheaper insurance rate.
Hello guys I am new here and am looking for friends[#] Aug 03, 2007 11:12pm clutch
- Tech Advisor
but how can i not get speeding tickets with such a sweet ride?
[#] Aug 03, 2007 11:21pm SqMK
- Ultimate Window Washer
- clutch wrote:
- but how can i not get speeding tickets with such a sweet ride?
Take all that speed and put it on the track B)
Hello guys I am new here and am looking for friends[#] Aug 03, 2007 11:22pm Imagin
- Master Mechanic
Makes complete sense.
New drivers (those under 18 ) dont know a damned thing about driving. But they will swear there the greatest driver since andretti.
Me personally im enjoying my 25 yr old discount
[#] Aug 04, 2007 10:42pm clutch
- Tech Advisor
im the best driver ever though haha I've never hit anything in my LIFE...yes I can weave and I always make it lol...I used to drive for a living (11 hours a day)
[#] Aug 04, 2007 11:15pm xLOx89x
- Vehicle Designer
if u have geicko (spelling?) and ur under 18, theres away to get ur rate lower. the lady at geicko told my mom that if u dont list the minor as the primary driver, its less, so thats what we did. now my insurance a month is really cheap. same with my 16 year old brothers rates.
[#] Aug 05, 2007 04:46pm Orin
- xlox89x wrote:
- ...
"it's Geico, not Gecko, love.. cheers"
(sorry, I didn't think I'd have the chance to use that..lol)
[#] Aug 05, 2007 05:27pm
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