re: Car insurance is a racket

quote:

---

That's what I'm going to do. The whole reason I didn't get it changed before now was because they were gonna charge me $500 to do it. They have no way to prove that I went and changed it myself, got hit with another rock last week, and want to file a new claim next week.

---

As long as you have a receipt for the mythical replacement window you will be fine.

Plus, they will have documented your call. Why are you trying to commit insurance fraud over $400?

quote:

---

I hope your agent reads the OT.

---

It won’t matter. The notes in this dummy’s file will alert the carrier next week when he commits insurance fraud.

Insurance sucks. But, for an agency to be profitable, it needs less than a 65% loss ratio. Meaning, an agency takes in $100k per year, it’s considered good if the losses are less than $65k.

quote:

---

that's what you pay out of pocket if you have a comprehensive or collision claim. The higher your deductible the less you insurance would be, but you're coming out of pocket more.

---

Correct. I'm asky why someone would want it to be $100 if they could afford more out of pocket in the event a claim is made. All of my auto deductibles are $1000+. They're as high as my auto loan allowed.

quote:

---

But I thought trial attorneys like Gordon Mckernan were the problem??? Surely this is because of him!!

---

The OP being a fool doesn't let Gordon off the hook.

Hit your windshield with a hammer, now you have new damage so your insurance will honor the $100 deductible.

quote:

---

You're far better off, mathematically, with as high a deductible as you can afford.

---

Speak for yourself. I hit a minimum of two deer a year

quote:

---

An insurance company’s primary goal is to do whatever it takes to not uphold their end of the bargain.

---

Only a trial lawyer can read the OP and think the insurance company is at fault.

quote:

---

I understand liability is the main driver, but you're paying for that low or $0 deductible. I'd rather have it in my pocket.

---

It's a few dollars per month difference. I carry zero deductibles on my truck. Switching to $1000 deductibles would save me $13 a month. It would take me 5-7 years to match the amount I'd have to pay out of pocket with a 1000 deductible for just one accident. that's just not worth it to me.

I'm also an agent so I see people make these decisions to save a few bucks and then not like the consequences come claim time. Moreso on the liability side admittedly.

quote:

---

An insurance company’s primary goal is to do whatever it takes to not uphold their end of the bargain.

---

What end are they not upholding? you do realize that as part of the insurance contract your duty as a policy holder is to report claims in a timely manner and oh by the way not commit insurance fraud?

quote:

---

It's a few dollars per month difference. I carry zero deductibles on my truck. Switching to $1000 deductibles would save me $13 a month. It would take me 5-7 years to match the amount I'd have to pay out of pocket with a 1000 deductible for just one accident. that's just not worth it to me.

---

I get it, but you obviously know the numbers are in your favor as the driver. Insurance companies aren't giving you a deal.