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#173 of 213 Can My Insurance company drop me???
Nov 25, 2006 (7:31 pm)
I have been trying to get answers to the following questions all over the internet and thought why not post this here on carspace.com and figured if someone could help me out with them. Please help.
1) I just got into a car accident, and I asked the other driver if he wanted to keep it out of the insurance company and I would repair his car, could that be held against me? (note: this was not said in front of the police. Also, I was not breathalyzed or blood tested or taking to the precinct, or given a summons or anything like that. I am still waiting for the police report since this happened on thanksgiving)
2) This is my second accident this year. First was in January and the second one as I said was just yesterday, could my insurance company drop me from the insurance because of these two accidents? I have been with them for almost 10 years and these were my first 2 accidents in 7 years, my last accident (before these) was in 1999.
Please advise, if my company (GEICO) can drop me. I live in NY, am single and am 30 years old. Any information you provide will be very helpful. Thanks.
#174 of 213 on line vs local agent
Nov 27, 2006 (1:04 pm)
I currently go thru a local independent insurance agent for my car/house insurance. I pay around 1000.00 a year for auto coverage(auto-owners). I went online and did some comparisons and using the same coverage limits, progressive direct came in at 528.00 per year if I buy online!! Seems like a no-brainer, but I would like to hear pro's & cons before I switch.
#175 of 213 Re: on line vs local agent [rogerm4]
Nov 27, 2006 (5:51 pm)
Progressive isn't some fly by night operation, I'd go for it in a second.
#176 of 213 Re: on line vs local agent [mikefm58]
Dec 09, 2006 (1:39 pm)
[mikefm58 wrote]Progressive isn't some fly by night operation,
No they're not...I don't have progressive, but my 23 year old son does... and it was just 2 weeks ago that he got t-boned in an intersection totally destroying his 2001 Gmc Regular Cab Stepside. I bought him the truck when he graduated from High School in 01.. He had the wreck sunday, and by wednesday he had received a check from progressive for almost 12 thousand dollars.. I was pretty impressed, 12 grand for a 5 1/2 y.o. truck that cost 20K brand new... not a bad settlement in my opinion... not to mention he got the check within 72 hours of the accident. Of course he's under 25 so his premiums are not the cheapest... around 180 a month....but he does carry full coverage with 100/300,000 liability coverages.
#177 of 213 this is what I pay
Apr 10, 2008 (8:16 am)
2006 mini cooper
2005 vw passat wagon 4 motion (lease)
32 years old, married, clean record, reside in CA
$129/months through USAA. Geico was actually less expensive by $20/mo.
Obviously full coverage because of lease.
Any feedback appreciated.
#178 of 213 If you can qualify
Apr 11, 2008 (7:41 am)
for USAA, I would keep it, even if it is more expensive...their financial stability ranks up there with State Farm, and they are quite reasonable to work with...
Financial stability does NOT mean AM Best, as they are bought and paid for by the insurance companies...I mean Standard & Poors, Fitch (f/k/a Duff and Phelps), Moody's and the strictest of them all, Weiss...
If an insurance agent EVER brags on their company rating by quoting AM Best, run for the hills...Weiss is the best, and S&P and Moodys are tied for 2nd place...
#179 of 213 I thought my insurance was expensive
Apr 11, 2008 (7:53 am)
I thought I was paying to much for insurance until I started shopping around a couple days ago
2007 Ford F150
2006 Ford 500
2008 Ford Focus
Full coverage on all with clean driving records, and a 16 year old on the policy. Through Hannover I currently pay $2600 a year which I thought was through the roof until I shopped it a couple days ago
State Farm was $1000 a year higher
Nationwide was $1100 a year higher
Country Wide sent me an offer and they were $800 a year higher.
I don't know if it is worth it to keep shopping or not.
#180 of 213 Re: I thought my insurance was expensive [joel0622]
by kyfdx@Edmunds HOST
Apr 11, 2008 (8:04 am)
$2600 for three fairly new cars and a new driver?
That will be hard to beat, I think..
I'd have to look it up, but we pay around $1300 for two cars... Still have two years before we get a new driver... Not looking forward to that..
Apr 11, 2008 (8:18 am)
We're in about the same boat. We have:
2008 Saturn VUE
2006 Saturn ION
2003 Saturn L300
The ION is driven by our 19 year old daughter. Full coverage on the 3, through State Farm, comes to about $2900 for the year. Good thing the daughter pays her share of the bill - $1200 annually.
#182 of 213 Re: joel [michaell]
Apr 11, 2008 (8:59 am)
Ya my daughter will get a job this summer and I have already told her as she sits and plans what to do with her money that she needs to work $100 a month into it for insurance