F...Insurance Companies

[jbcjr14]

Originally Posted by saden1

And if the cost comes to $7000 dollars are you willing to pay the extra $2000 out of pocket? What we need is tougher laws and enforcement against insurance fraud to bring the cost down.

Saden, you hit it right on the head bro! There needs to be tougher laws out there!

Also I think its important to say that insurance is to protect YOU from catastrophic loss. It is not there for the nickel and dime type losses from a windshield crack. It is there when you are riding along and run a red light and smoke a family of 4. In regards to the deductible, you should always have a large deductible $500+ if you can afford to pay the first $500 of a loss. I have always had a $1k deductible and it lowers your premiums drastically. Now if you can't afford to pay the deductible, by all means don't stretch yourself to do so because sure enough a loss will happen.

Also, as an underwriter (pricing) of risk, motor vehicle records are PROVEN statistical indicators. A driver that has had 1 moving violation in the past 12 months is TEN times more likely to have an accident than a driver with no violations. That is a HUGE statistic. Insurance is a numbers game and with odds like this you can bet the pricing is inflated for tickets and the like.