Has geico gone insane???

[95fbirdkid]

Originally posted by asdf1234:
</font><blockquote>quote:</font><hr />Originally posted by Th3 RiCk:
I don't see what's the problem. There's no reason any 16-18 year old should own a beefed up car. If they're spending a lot of money on the engine, suspension, etc. chances are they're not driving it with much sense. We were all 16 once so don't deny you never dicked around in your hand me down 4 banger. Now imagine being 16 in a 300+ hp car. I wouldn't have made it to 17th birthday.

I turbocharged my car at the age of 17. I beleive that put me over the 300hp mark. I drive it like i did before the turbocharger, i dont run around trying to race everyone. I've never gotten pulled over. And I lived to see 18. The stereotypes don't always apply. I don't see any reason why I shouldn't own my "beefed up" car. </font>[/QUOTE]the average 16-18 year old doesnt need a beefed up sports car, no.

[asdf1234]

Well then I guess i'm above average :D

[Silv6]

i was messing around with there online calculator and i put in a z28 and it was $2100 then i tried a supra, $900. maybe they should spend there time rating more wisely

[Th3 RiCk]

Originally posted by Silv6:
i was messing around with there online calculator and i put in a z28 and it was $2100 then i tried a supra, $900. maybe they should spend there time rating more wisely

Was it the turbo supra or the base model? Also, I'd bet on it that there are more Z28's wrecked than Supras. Therefore they probably see a Z28 as more of a risk than a Supra. So, they hike up your rates up the *** to turn away people who can't afford them and for those who can, they hope they don't wreck it.

[Th3 RiCk]

Honestly I really don't get it why people complain about insurance rates. Yes, they can be high but you're most likely driving a high powered expensive car too. I can see why people get frustrated when they stay accident free and still pay pretty high rates, but car accidents are very very common. In order for the insurance company to make money, you have to pay for the other guys mistakes.
Also, I think almost all insurance companies take your premiums and invests them into different markets. They play a pretty significant role in the economy. Let them have my money if they're contributing to a better economy.

[3.4 slow to go]

Originally posted by Th3 RiCk:
Honestly I really don't get it why people complain about insurance rates. Yes, they can be high but you're most likely driving a high powered expensive car too. I can see why people get frustrated when they stay accident free and still pay pretty high rates, but car accidents are very very common. In order for the insurance company to make money, you have to pay for the other guys mistakes.
Also, I think almost all insurance companies take your premiums and invests them into different markets. They play a pretty significant role in the economy. Let them have my money if they're contributing to a better economy.

good, then I can have my company bill you instead, and at YOUR rates too. Any answer other than yes means that you don't want a good economy and that you're a bad person.

[Britni]

I don't see what's the problem. There's no reason any 16-18 year old should own a beefed up car. If they're spending a lot of money on the engine, suspension, etc. chances are they're not driving it with much sense. We were all 16 once so don't deny you never dicked around in your hand me down 4 banger. Now imagine being 16 in a 300+ hp car. I wouldn't have made it to 17th birthday.

That letter is the insurance company informing people that young kids don't need high performance cars. After all, it's all profit if the driver doesn't wreck.

I'm 18, and put alot of money on engine, suspension, etc... And I don't mess around in my car... Guess I need to get rid of my camaro, and get a... Ford escort.. maybe a geo metro..

[camaro_speedemon]

Originally posted by Th3 RiCk:
Honestly I really don't get it why people complain about insurance rates. Yes, they can be high but you're most likely driving a high powered expensive car too. I can see why people get frustrated when they stay accident free and still pay pretty high rates, but car accidents are very very common. In order for the insurance company to make money, you have to pay for the other guys mistakes.
Also, I think almost all insurance companies take your premiums and invests them into different markets. They play a pretty significant role in the economy. Let them have my money if they're contributing to a better economy.

Think about this for a second. Since you're young and driving a sports car, they assume you're gonna drive it like a bat outta hell. Therefore you get charged a higher premium because they think your gonna wreck your car. And then, when you do wreck/get a speeding ticket, they raise your rates even more.

[Britni]

I dont think it's right for them to "assume" not everyone is the same. I dont do stupid things in my car, and although my insurarance is around 200 every 6 months, because it's in my dads name, I can't say anything about what I pay right now.. But not wanting to do claims on a modified car, just isn't right.. And I think they should see what kinda a driving history you will have before raising it so much. IE, you have a modified car, you get a speeding ticket, then up the insurance... But thats just my opinion, and I can't say anything there either, if it werent for my radar detector, I would have had around like 3 or 4 tickets by now.

[3.4 slow to go]

Originally posted by Th3 RiCk:
Honestly I really don't get it why people complain about insurance rates.

their high, because they CAN. Who do you complain to when your rates areto high? Who do you complain to when even the lowest quote you get is worth more than the car you want to drive?

Insurance companies don't really answer to anyone about there rates. The only real recorse you have is to bail & go to a differentcompany that may/may not offer the same perks/coverage. Most states require that you have insurance, so just bend over & assume the position when you get that bill.


Also, there are some companies that want your SSN to give you a rate. F' them..... 1) They don't need that info, ask the no-cust service rep for theirs. 2) What does credit score have anything to do w/keeping you legally insured? It's another ploy they use to jack up your rates.

[Th3 RiCk]

Originally posted by Britni:
</font><blockquote>quote:</font><hr /> I don't see what's the problem. There's no reason any 16-18 year old should own a beefed up car. If they're spending a lot of money on the engine, suspension, etc. chances are they're not driving it with much sense. We were all 16 once so don't deny you never dicked around in your hand me down 4 banger. Now imagine being 16 in a 300+ hp car. I wouldn't have made it to 17th birthday.

That letter is the insurance company informing people that young kids don't need high performance cars. After all, it's all profit if the driver doesn't wreck.

I'm 18, and put alot of money on engine, suspension, etc... And I don't mess around in my car... Guess I need to get rid of my camaro, and get a... Ford escort.. maybe a geo metro.. </font>[/QUOTE]According to your webpage all you've done is add some neons, new brake pads, and some appearance things...

So you've never driven at a high rate of speed? Never done a doughnut? Never powerbraked? On the whole, 16-18 year old don't need high horsepowered cars. Your car is no where near a high horse powered car. I regret not holding out for a v8 when I was 16, but I could probably say with some of the things I did when I was 16 it's a good thing I didn't get one.

EDIT* "But thats just my opinion, and I can't say anything there either, if it werent for my radar detector, I would have had around like 3 or 4 tickets by now."

"I'm 18, and put alot of money on engine, suspension, etc... And I don't mess around in my car... Guess I need to get rid of my camaro"

[img]graemlins/stickpoke.gif[/img] [img]graemlins/stickpoke.gif[/img] [img]graemlins/stickpoke.gif[/img]

[ May 05, 2005, 09:57 PM: Message edited by: Th3 RiCk ]

[Th3 RiCk]

Originally posted by camaro_speedemon:
</font><blockquote>quote:</font><hr />Originally posted by Th3 RiCk:
Honestly I really don't get it why people complain about insurance rates. Yes, they can be high but you're most likely driving a high powered expensive car too. I can see why people get frustrated when they stay accident free and still pay pretty high rates, but car accidents are very very common. In order for the insurance company to make money, you have to pay for the other guys mistakes.
Also, I think almost all insurance companies take your premiums and invests them into different markets. They play a pretty significant role in the economy. Let them have my money if they're contributing to a better economy.

Think about this for a second. Since you're young and driving a sports car, they assume you're gonna drive it like a bat outta hell. Therefore you get charged a higher premium because they think your gonna wreck your car. And then, when you do wreck/get a speeding ticket, they raise your rates even more. </font>[/QUOTE]Yes, they do assume you're going to wreck, because chances are that you will. "And then, when you do wreck/get a speeding ticket, they raise your rates even more." Higher premiums covers their ***. Those 25+ married people don't have much of a problem with this, because apparently someone out there took some survey and found out that Hey, these people who have seemed to grow up don't wreck nearly as much as these young kids who drop all of their McDonalds paychecks into their cars.

[Th3 RiCk]

Originally posted by Britni:
I dont think it's right for them to "assume" not everyone is the same. I dont do stupid things in my car, and although my insurarance is around 200 every 6 months, because it's in my dads name, I can't say anything about what I pay right now.. But not wanting to do claims on a modified car, just isn't right.. And I think they should see what kinda a driving history you will have before raising it so much. IE, you have a modified car, you get a speeding ticket, then up the insurance...

First, if you have only driven for 0-2 years then you really can't be considered to have much of a driving history to look at.

Secondly, why do you think your insurance is only $200 every six months under your dad and probably $1200 if it were in your name (I'm only guessing on the latter). Because in theory, on average he is more responsible than you are behind the wheel.


If America would adopt harder driving tests and more instruction hours than we wouldn't have this debate. Because in most places you can't even get your license until you're 18 and then you have to go through 10x the amount of training. Therefore, there wouldn't be as many wrecks due to inexperience or carelessness and you're insurance rates would probably fall.

[3.4 slow to go]

But insurance companies are it for proffit, and wouldn't accept the lower income. The way to compansate would be to raise rates on everyone.

[Th3 RiCk]

What business isn't in it for profit? Raising everyones rate would just leave us in the same spot. Think of it like a progressive tax. The rich pay the bulk of the taxes in this system because they make more money. Well, the people who wreck their cars the most pay highest premiums for the bulk of the insurance companies profits. Why do they pay the highest premiums?... Because statistically, they wreck their cars the most.