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Why are auto liability premiums set on a "per car" rather than "per driver" basis?
Posted on 1/21/19 at 1:26 pm
Posted on 1/21/19 at 1:26 pm
An adult driver has a car, truck and SUV. Three vehicles, but only one driver. He has to pay separate liability insurance premiums on each of the three vehicles yet the risk is essentially the same if he owns 1 or 3 (assuming he doesn't loan them out). What difference does it make liability insurance wise (not comp or collision) if he drives 30000 miles a year in one car or divides his driving between three cars?
10
Posted on 1/21/19 at 1:28 pm to chinhoyang
Your rates are lower if you have more vehicles than drivers. Naming the driver as the insured instead of the vehicle would leave you with no coverage if someone other than you was driving. No thanks.
This post was edited on 1/21/19 at 1:29 pm
Posted on 1/21/19 at 1:30 pm to chinhoyang
Because they know his sugar baby will be driving one of them while he is in one of the others
Posted on 1/21/19 at 1:31 pm to chinhoyang
The vehicles have different safety stats. Certain cars are involved in more accidents, so they have a higher premium without factoring in the driving record of the driver.
Posted on 1/21/19 at 1:40 pm to chinhoyang
Because the law requires that your cars be covered even when someone besides you is driving them. There’s no way for the company to exclude coverage for permissive drivers and no way to guarantee you won’t loan your vehicles to someone else.
Posted on 1/21/19 at 1:42 pm to chinhoyang
It allows them to charge you more.
Posted on 1/21/19 at 1:47 pm to chinhoyang
Because if you happen to drive your F250 on Tuesdays while your other two vehicles sit in the driveway, and you hit someone in the rear, injuring them, their injuries don't give a shite that you have two cheaper vehicles to insure sitting in your driveway that you drive the other 6 days a week.
Posted on 1/21/19 at 1:52 pm to chinhoyang
quote:Because it's "car insurance" not "driver insurance."
Why are auto liability premiums set on a "per car" rather than "per driver" basis?
Posted on 1/21/19 at 2:01 pm to chinhoyang
you can simply list all 3 vehicles as a non daily driver
as long as each vehicles travels less then 6k miles a year you pay a fraction of a normal daily driver insurance rate since it reflects the low miles driven and low usage
thats why you need a new insurance agent or agency that can explain these things to you rather then treat you like a number on a file
as long as each vehicles travels less then 6k miles a year you pay a fraction of a normal daily driver insurance rate since it reflects the low miles driven and low usage
thats why you need a new insurance agent or agency that can explain these things to you rather then treat you like a number on a file
Posted on 1/21/19 at 2:03 pm to chinhoyang
Answering your question by asking you the following:
Who wrote the "rules" of Automotive Insurance?
Yup, and they get to call the tune.
Put up a bond and self-insure if you don't like their rules.
Who wrote the "rules" of Automotive Insurance?
Yup, and they get to call the tune.
Put up a bond and self-insure if you don't like their rules.
Posted on 1/21/19 at 2:05 pm to chinhoyang
Because that’s how premiums work and the NFL screwed the Saints out of a Super Bowl berth
Posted on 1/21/19 at 2:08 pm to DestrehanTiger
quote:
The vehicles have different safety stats. Certain cars are involved in more accidents, so they have a higher premium without factoring in the driving record of the driver.
They could charge the rate for the vehicle with the highest risk. There is simply very little additional risk (liability wise) when one driver drives more than one vehicle.
Posted on 1/21/19 at 2:09 pm to keakar
quote:\
you can simply list all 3 vehicles as a non daily driver
The example I gave wasn't me. I have Progressive on my driver, every other car is insured by Hagerty vintage car insurance.
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