BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BIMMERPOST Universal Forums Off-Topic Discussions Board How true is this article re: car insurance?

Post Reply
 
Thread Tools Search this Thread
      02-21-2012, 12:08 PM   #1
will.c
Captain
will.c's Avatar
United_States
127
Rep
638
Posts

Drives: E46M
Join Date: Mar 2011
Location: Central Jersey

iTrader: (5)

How true is this article re: car insurance?

... or is this reporter/website paid by insurance companies to scare people?

http://www.insure.com/car-insurance/...WT.qs_osrc=MSN
Appreciate 0
      02-22-2012, 01:01 AM   #2
scollins
Bootleggin' 'n Gunrunnin'
scollins's Avatar
134
Rep
2,371
Posts

Drives: 2024 X3 M40i
Join Date: May 2007
Location: Renton, WA

iTrader: (3)

Reads like a lot of other famous lies, such as "no really,I won't cum in your mouth....."

The article says the best thing to do is OVER-communicate issues to your insurer, like they are friend and looking out for YOUR best interests? BS, they are looking out for their own best interests. And what better way than to get you to do their dirty work for them.
__________________
Scott
2024 G01 X3 M40i, Brooklyn Grey Metallic /// 2015 F15 X5 35i, Space Gray Metallic, 99K miles /// 2013 F30 320xi, Mojave Metallic, 112k miles
2019 Ford F450 STX, Oxford White
2013 Ducati Multistrada Touring S, Red
Appreciate 0
      02-22-2012, 08:17 AM   #3
ajskydiver
Private
ajskydiver's Avatar
United_States
0
Rep
60
Posts

Drives: 2017 X5 xDrive35d
Join Date: Mar 2011
Location: Florida

iTrader: (0)

"Failing to report such changes -- because either you forgot or you're hoping to lower your car insurance rates -- cost the auto insurance industry $15.4 billion in revenue in 2010."

Explains the most common reasons why the industry lost 15.4 billion in revenue and why a customer could be dropped for lying, lying by omission, etc. after a claim.

Basically, you may save a little bit of money by not being truthful, but if you need to make a claim and you haven't been honest, you may not be able to renew.
Appreciate 0
      02-22-2012, 10:56 AM   #4
Maestro
Major
1001
Rep
1,268
Posts

Drives: 2007 335i Sedan, 2021 X3
Join Date: Nov 2006
Location: Philadelphia

iTrader: (0)

Yes, all that is true, Insurance companies will look for any reason not to cover you during an accident or jack your rates. This is why people get in trouble with doing insurance online, no agent so they think they get the best deal. This is why the Allstate commercial are trying to tell you. I had the same agent for almost 20 yrs until he just retired, and he use to tell me thing like how to reduce my rates or how to avoid not being covered. If you realize insurance rates are base on how many mile you drive a years especially for work, the closer to home your work is the higher your rates, since more accident happen within 5 mile of your home. So changing driving habits and other things like modding a car can cost you.

When my son got his permit, I called my agent and told him and he then told me how to change the policy to reduce my son's and mine yearly costs. Specifically I set up an umbrella policy with the home. I almost tripled my personal liability coverage for accidents and my car insurance dropped since I reduce the liability on the car and the home owners went up less than the drop in the car and my son insurance cost dropped from 1200 to 700 per year.

So not tell the agent could cost you and especially if there are any sort of claims against you the insurance company could choose not to cover you. It is not a game you want to play if you have lots to loose.

Last edited by Maestro; 02-29-2012 at 12:26 PM..
Appreciate 0
Post Reply

Bookmarks

Tags
auto insurance, car insurance, insurance

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:06 PM.




bmw
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST