Is he a part time driver on one of your cars or is this his car and just added to your policy?

Have you checked to see if he can take some safe driver courses or does he have high grades in school that would give him some help?

What type of car is he driving and which part of his itemized policy shows the biggest number, liability, collision, comprehensive?

quote:

Originally posted by Powers77:
But most don't understand that rates are going to be based on legal liability claims and the cost to repair more and more technology (costly to repair) oriented vehicles.
Airbags, back up cameras, intelligent driving assist technology. All make it safer but when an accident does happen they tend to drive the cost of repair way up there.

Yep. Last month, my girlfriend got into a low speed fender-bender, with an impact into her driver's side A pillar area (where the driver's door meets the front quarter panel). No airbag deployment. Car was still fully drivable and the driver's door even still worked mostly fine.

Repairs cost $14,100. Which very nearly caused her ~$21k car to be a total loss (>70% of value).

So even seemingly minor accidents these days are costing insurance companies mega bucks to repair.

quote:

Originally posted by RogueJSK:
My car insurance went up 32% on the latest renewal this month ($186 to $245), despite no claims and a clean driving record. Been with the company for 23 years. Agent couldn't articulate a specific reason for the increase other than "everything's going up".

I drive a 15 y/o 4-door sedan. No claims, clean driving record. In the past 12 month, my premium increased 41%.

When I called to inquire about rate increase, same thing. Inflation, increased cost of repairs, increased number of claims in my area. I asked, "Why do the safe the drivers have to pay for the actions of the unsafe ones?"

In other words, we have to pay for uninsured & underinsured drivers. The insurance companies got to get their money from somewhere. It's criminal.

quote:

Originally posted by iron chef:
In other words, we have to pay for uninsured & underinsured drivers. The insurance companies got to get their money from somewhere. It's criminal.

Just like health insurance. The healthy pay for the sick and those who knowingly engage in unhealthy behaviors (e.g., smoking).

quote:

Originally posted by synthplayer:
It is amazing how "discrimination" is evil in some instances, but just common sense in others.

A lot of teen drivers are horrible drivers, so the insurance companies look at the statistics and determine it is frugal to charge ALL teenagers exorbitant fees for insurance. That is a clear case of discrimination, but somehow, it's okay.

I like to bring this up too. Anyone who claims discrimination, prejudice, profiling, and stereotyping have no place in this world needs to take a look at the insurance industry where all that is alive & well.

Take for example, a 21 y/o guy w/ a spotless driving record. That's five years of proven clean & responsible driving history; however, he's still treated as a high risk driver until he turns 25. Women get their insurance break when they turn 21, so how's that for gender equality?

On top of that, you're not asking for a loan, but your credit score gets factored into your insurability.

My 1st car in 1985 was a used one, about $3500.
My 1st year of insurance was $1500.

Being young & dumb, I asked the insurance guy if I don't have any accidents, do I get a refund? He said something along the lines of..."Nope, you're paying for all of the other idiots in your age bracket".

I lived in an apartment right along the county line. Within a mile, my insurance would have been $600 more.

quote:

Originally posted by iron chef:
Take for example, a 21 y/o guy w/ a spotless driving record. That's five years of proven clean & responsible driving history; however, he's still treated as a high risk driver until he turns 25. Women get their insurance break when they turn 21...

Per my previous post, my insurer (Amica) offers a rate reduction for male drivers at 21 YO, and then another at 25 YO. YMMV

That said, it's just not a valid argument to claim that discrimination and prejudice apply here. Insurance companies/actuaries determine rates based on statistics which will, by necessity result in determining which groups are more likely to result in a loss for the insurer. One could call that profiling and/or stereotyping, however, by necessity, that's simply the nature of their business.

quote:

Originally posted by wxdave:

quote:

Originally posted by mrvmax:

When my daughter turned 16 my rates went up automatically. My agent said it did not matter whether she was licensed or not -just that she was in the house. Seems kids do not care about little things like being licensed and use/wreck vehicles anyway and insurance ends up having to pay.

Same thing here. Maybe it's a Texas thing that they are allowed to get away with this shit. USAA called me one day after my daughter turned 16 and said "we notice you have a new driver in your household. She must be added to the policy." I protested but they wouldn't budge. Our premiums doubled. Thankfully now she's almost 22 and has her own policy.

That is not the case in Florida. We have specifically held off in my daughter getting her license so that our rates do not go up. If the agent told me it did not matter if she was licensed or not, phew, pretty sure I would blow a gasket.

My buddy did let his daughter get her license. He was told there would be a rate increase when the insurance company noticed a new licensed driver. He then excluded her and the rates did not change.

Same thing here in Colorado. My 2 sons are 14 & 13. They have a friend who just got his license and his mother told me it's $400 per month for him on their policy.

We have multiple car discounts, excellent drivers for my wife and I. He has good student discount and is driving a 2019 4runner. The insurance in California is out of countrol

Good jeebus, that is expensive. Must be largely because of your location. Lots of wrecks. I got no suggestions.

quote:

Originally posted by synthplayer:
It is amazing how "discrimination" is evil in some instances, but just common sense in others.

A lot of teen drivers are horrible drivers, so the insurance companies look at the statistics and determine it is frugal to charge ALL teenagers exorbitant fees for insurance. That is a clear case of discrimination, but somehow, it's okay.

I suppose it is discrimination and sterotyping, but only certain forms of discrimination are improper. This isn't one of them. The link between the age of the driver and insurance claims is inescapable. I guess we could mandate they raise everyone's policy premiums by some amount, and not permit this kind of discrimination. Or should we make the people who make the most claims pay the bigger premiums. User pays, you might call it.

I have a solution for you Dave…

Do a group buy of the Sigforum watch and raise the money for your son’s insurance.

Win for you and a win for us.

The price is crazy.

My insurance doubled when I bought my Mustang Mach E.

Right there with you, Dave. My youngest just got his driver's license and there go the rates.

I'd add up the annual costs related to driving then divide that by the estimates number of miles for a cost per mile.
If your in suburban area it might be cheaper to go by Uber.

And I can document I drive well under 10m miles a year. They don’t care.

Florida has this no fault insurance that is insane. Why we have the injury lawyers commercials on a loop here. My agent was telling story after story thag would make your head explode. Including her own story of being at a stop and a driver bumped her car at 1 mph. NO damage. Being in the biz she jumped out and took pics and video. Of course she was sued and her carrier had her video evidence so they still paid a few $k. As noted the rest of are just screwed.

quote:

Originally posted by ElToro:
And I can document I drive well under 10m miles a year.

I think that'd be easy for anyone to document. Or rather, it'd be tough for anyone to document ever having driven over 10m miles per year...

10 million miles per year is 27,397 miles per day, or 1141 miles per hour if you drove at a constant speed 24/7/365.

That'd be roughly equivalent to driving at Mach 1.5 for a year straight, with no breaks (or braking).

And consider that the current land speed record is just a smidge over Mach 1, and only for a few seconds.

quote:

Originally posted by RogueJSK:

quote:

Originally posted by ElToro:
And I can document I drive well under 10m miles a year.

I think that'd be fairly easy for anyone to document. Or rather, it'd be rather tough for anyone to document ever having driven over 10m miles per year...

10 million miles per year is 27,397 miles per day, or 1141 miles per hour if you drove at a constant speed 24/7/365.

That'd be roughly equivalent to driving at Mach 1.5 for a year straight.

(And consider that the current land speed record is right at Mach 1, for a few seconds.)

That is a lot of miles.
10m = 10,000. 10mm =10,000,000. But I’m sure you know what I meant. Sorry my old bank loan credit analyst typewriter took over for a second.

Yes, I knew what you meant. But I figured it was just an inadvertent typo.

I've never seen thousands intentionally abbreviated as M. Only K (or occasionally G colloquially), with M reserved for millions.

quote:

Originally posted by RogueJSK:

Yes, I knew what you meant. But I figured it was just an inadvertent typo.

I've never seen thousands intentionally abbreviated as M. Only K (or occasionally G colloquially), with M reserved for millions.

Ten large.