follow ft86club on our blog, twitter or facebook.
FT86CLUB
Ft86Club
Xero Limit
Register Garage Members List Calendar Search Today's Posts Mark Forums Read

Go Back   Scion FR-S Forum | Subaru BRZ Forum | Toyota 86 GT 86 Forum | AS1 Forum - FT86CLUB > Subaru BRZ > Subaru BRZ General Forum

Subaru BRZ General Forum All discussions about the Subaru BRZ coupe


User Tag List

Reply
 
Thread Tools Search this Thread
Old 08-23-2019, 03:01 PM   #99
Tcoat
He who smelt it...
 
Tcoat's Avatar
 
Join Date: Jul 2014
Drives: 14 FRS Hot Lava
Location: London, Ont
Posts: 55,842
Thanks: 49,604
Thanked 77,828 Times in 35,226 Posts
Mentioned: 2035 Post(s)
Tagged: 49 Thread(s)
Quote:
Originally Posted by extrashaky View Post
Well I feel stupid.



And they said it couldn't be done!!!!!

It is close and it is very bilingual so you get half points.


You are correct in that Toronto is very different from Ottawa. The comparison is like putting NYC up against a small town in upstate NY though.
__________________
Racecar spelled backwards is Racecar, because Racecar.
Tcoat is offline   Reply With Quote
The Following 2 Users Say Thank You to Tcoat For This Useful Post:
extrashaky (08-23-2019), gravitylover (08-24-2019)
Old 08-23-2019, 05:27 PM   #100
mav1178
Senior Member
 
mav1178's Avatar
 
Join Date: Apr 2013
Drives: 2005 Toyota Camry
Location: 91745
Posts: 6,237
Thanks: 482
Thanked 5,693 Times in 2,843 Posts
Mentioned: 90 Post(s)
Tagged: 3 Thread(s)
Quote:
Originally Posted by 86MLR View Post
Cost of insurance varying I get

Amount of cover is the issue here

OP said he had a certain amount of cover, had used it and may be out of pocket.

What happens if he hits a Lambo and does 50k dollars damage, the car hits a telegraph pole and the fix is 20k dollars, he hits a pedestrian who become a quadriplegic which costs $5 million dollars and medical bills.

Do you have some other cover for these things that I'm not understanding?
Had you just posted about what you have for coverage, then I wouldn’t care.

Cost of insurance varies and everyone views risk differently. Risk is reflected as the cost you would pay for insurance.

Take the cost of premiums out and your post stands perfectly fine on its own.
mav1178 is offline   Reply With Quote
Old 08-23-2019, 05:45 PM   #101
AsphaltJ
Junior Member
 
Join Date: Jul 2019
Drives: Scion FR-S 2015 Asphalt
Location: Quebec,QC
Posts: 2
Thanks: 0
Thanked 1 Time in 1 Post
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Yes the SAAQ pays for your injury. But we pay 100$ a year to have a licence and 200$ for registration of the car. If you have demerit points (tickets) the cost increase to a maximum of almost 400$.

We pay less for insurance cause we are not covered for injury, the SAAQ pays. Now I'm paying around 650$ to insure my 2 cars (around 10k km a year) cause I have no infraction or insurance claims.

We are living in a socialist state and there's nothing great about it believe me.
AsphaltJ is offline   Reply With Quote
Old 08-23-2019, 06:44 PM   #102
extrashaky
Senior Member
 
Join Date: Mar 2014
Drives: 2014 BRZ Limited
Location: USA
Posts: 3,815
Thanks: 1,000
Thanked 5,261 Times in 2,107 Posts
Mentioned: 53 Post(s)
Tagged: 1 Thread(s)
Quote:
Originally Posted by AsphaltJ View Post
Yes the SAAQ pays for your injury. But we pay 100$ a year to have a licence and 200$ for registration of the car.
That's not that bad. In Florida it cost me over $1000 to bring three vehicles into the state. It would have been $1200, but I got a discount for having registered a car here 20 years ago that was still in the system.
extrashaky is offline   Reply With Quote
Old 08-23-2019, 07:59 PM   #103
86MLR
Senior Member
 
86MLR's Avatar
 
Join Date: Aug 2018
Drives: 2017 86 limited
Location: Sydney
Posts: 1,210
Thanks: 151
Thanked 873 Times in 492 Posts
Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Meh, for a "small" sum of money, which can vary, Australians are covered bu a "green slip" for up to 20 million dollars, this covers
"You, your passengers or pillion passenger
Anyone else driving or riding your vehicle
The drivers, riders and passengers of other vehicles injured by your vehicle
Other road users, including cyclists and pedestrians, injured by your vehicle
If a person dies as a result of the accident, close relatives may also be able to claim some expenses."

We also have comprehensive and third party

Comprehensive cost vary quite a bit

"A comprehensive car insurance policy provides the highest level of protection of the available types of cover in Australia. It typically covers you for damage to your vehicle and damage to other driver’s vehicles or property.

Furthermore, it covers damage caused by fire, storm, hail, and replacement costs if your vehicle is stolen. A comprehensive policy covers the cost of repairs regardless of which party is responsible for the damage. It also covers features like having a hire car while yours is at the shop getting repaired, or replacing your windshield."

There is also third party only (tpo), this only cover damage or injuries to others, also third party fire and theft, this still doesn't fix your car if you crash.

It seems that my point may have been missed in previous posts, my initial statement was how can someone be out of pocket when there is insurance that can cover all situations.

I have the "green slip and comprehensive", for a small outlay every year I am covered for everything, I would not even concider operating a car or motorbike without it.


Comprehension skills: I could be wrong, but, it seems that in Canada the government covers your "green slip", is this typical for America?

For vehicle repairs, to me it seems that you can have whatever amount of insurance you want, with the OP not having enough to cover a minor accident.

I'm just curious in the differences in how you guys insure your vehicles.

Lets leave cost out of it, my mistake was adding a cost for a product/service, I do this often with international purchases, yes, even between different financial systems in different countries.

TLR, insurance isn't needed, until it's needed, and when it is you better have enough coverage.
__________________
Disclaimer: This post represents the official views of the voices in my head at the time of posting.
http://www.ft86club.com/forums/showthread.php?t=133311
I'm only here for the biscuits
86MLR is offline   Reply With Quote
The Following 3 Users Say Thank You to 86MLR For This Useful Post:
extrashaky (08-24-2019), Feistyfrog (08-23-2019), gravitylover (08-24-2019)
Old 08-24-2019, 12:58 PM   #104
extrashaky
Senior Member
 
Join Date: Mar 2014
Drives: 2014 BRZ Limited
Location: USA
Posts: 3,815
Thanks: 1,000
Thanked 5,261 Times in 2,107 Posts
Mentioned: 53 Post(s)
Tagged: 1 Thread(s)
Quote:
Originally Posted by 86MLR View Post
Meh, for a "small" sum of money, which can vary, Australians are covered bu a "green slip" for up to 20 million dollars...

We also have comprehensive and third party
In the US, we don't have anything like your inexpensive blanket $20 million limit. That may be possible in your country, but it would be difficult in ours.

You have about 7.5% of our population, less than the state of Texas spread over an area comparable in size to the entire lower 48 states in the US. I would anticipate that generally your accident and claims rates are lower. Lower population density usually results in lower numbers of claims.

Our accident and claims rates are high enough that private insurers would balk at offering coverage that high at a price that most people could afford. If we tried to make that a government program, voters would balk at paying the increased taxes to fund it.

Additionally, I'm under the impression that Australia has a much less litigious society than we have in the US. If everyone had a $20 million liability policy, lawyers here would be involved in every single accident trying to get as close to a $20 million payout as possible. We would likely see runaway claims expenses driving the cost up beyond anything you would expect to see in your country.

I wish we could have what you describe. But it ain't gonna happen during my lifetime. A few of the less populous states like Wyoming or Alaska may be able to make it work at the state level, but then, their claims are so low they don't really need it.

Quote:
Originally Posted by 86MLR View Post
Comprehension skills: I could be wrong, but, it seems that in Canada the government covers your "green slip", is this typical for America?
Not in the US. Our motor vehicle insurance is offered by private companies.

It's also not federal. Our Constitution spells out what the federal government can do and reserves all other powers to the states. Regulation of insurance falls under those reserved powers. We have no nationwide department of insurance. (There is a federal insurance office under the Treasury Department, but they don't have any regulatory power over the states.)

Therefore each of the states and territories has its own set of motor vehicle laws, its own set of insurance regulations and its own set of intersections between the two. Each state sets its own minimums for insurance coverage. Most states require liability insurance for property and personal injury liability. Some also require uninsured motorist coverage, but not all. Some even allow you to opt out of the insurance requirements by self-insuring instead. At least one has no minimum requirement at all (although you're still liable for damage you cause under regular tort law).

Specific to this thread, in California (where OP is), the minimum required insurance for property damage is $5000 of coverage. In Florida (where I am), the minimum is $10,000. Many states require $25,000.

How much the insurance premiums cost also varies wildly depending on your risk factors. One of the major risk factors affecting price is location. In a place that has more claims expense, the risk is higher, so the insurance costs more. Florida's crappy insurance regulations encourage higher claims, so we consistently place within the top three for highest average premium in the country.

Quote:
Originally Posted by 86MLR View Post
It seems that my point may have been missed in previous posts, my initial statement was how can someone be out of pocket when there is insurance that can cover all situations.
Cost.

Higher levels of coverage above the minimums certainly exist, but they cost more. Each individual has to weigh the risk of an accident against the cost to insure against it. Most people buy the state minimum and never have a problem, so the risk seems low.

When weighing payment of an extra $1000 or $2000 now against a future event with a completely ambiguous cost attached that may or may not even happen, the majority of people choose to take the risk. It's difficult to compare something that will happen ($1000 leaving your bank account) with something that probably won't happen.

Further complicating this risk analysis is that lawyers don't like to sue people for money they don't have. Liability cases are usually taken on contingency, meaning the attorney doesn't get paid unless you get paid. If the guy you're suing doesn't have anything, you don't get paid, so your lawyer doesn't get paid. Even if the defendant does have means, he'll probably tell the court he doesn't and work out a payment plan instead, which means the lawyer's payday will be delayed or evaporate altogether if the defendant doesn't make the payments.

Lawyers don't like to take cases where they're unlikely to get paid for their work, so where they focus their attention instead is on companies and high net worth individuals. They sue insurance companies for policy minimums and beyond. They sue trucking companies. They sue rich people. If you're out to lunch on your own and drop by a branch office to pick up some paperwork on your way back to your office, they'll try to sue your employer.

They generally don't like to take cases against people like OP who have $100 in their bank accounts, unless they see that OP has spent $9K at a casino and $13K to fix his own car and therefore obviously has some source of funds other than that $100 in his account.

That focus on the deeper pockets leads to a false sense of security in which people think, "I'll buy the minimum, and if something bad does happen (which it probably won't), they won't go after me anyway because I don't have anything to take." See that attitude with OP. He thinks they can't get anything because he only has $100 in his bank account.
extrashaky is offline   Reply With Quote
The Following 2 Users Say Thank You to extrashaky For This Useful Post:
86MLR (08-24-2019), JesseG (08-31-2019)
Old 08-24-2019, 03:15 PM   #105
Tcoat
He who smelt it...
 
Tcoat's Avatar
 
Join Date: Jul 2014
Drives: 14 FRS Hot Lava
Location: London, Ont
Posts: 55,842
Thanks: 49,604
Thanked 77,828 Times in 35,226 Posts
Mentioned: 2035 Post(s)
Tagged: 49 Thread(s)
Quote:
Originally Posted by 86MLR View Post
Meh, for a "small" sum of money, which can vary, Australians are covered bu a "green slip" for up to 20 million dollars, this covers
"You, your passengers or pillion passenger
Anyone else driving or riding your vehicle
The drivers, riders and passengers of other vehicles injured by your vehicle
Other road users, including cyclists and pedestrians, injured by your vehicle
If a person dies as a result of the accident, close relatives may also be able to claim some expenses."

We also have comprehensive and third party

Comprehensive cost vary quite a bit

"A comprehensive car insurance policy provides the highest level of protection of the available types of cover in Australia. It typically covers you for damage to your vehicle and damage to other driver’s vehicles or property.

Furthermore, it covers damage caused by fire, storm, hail, and replacement costs if your vehicle is stolen. A comprehensive policy covers the cost of repairs regardless of which party is responsible for the damage. It also covers features like having a hire car while yours is at the shop getting repaired, or replacing your windshield."

There is also third party only (tpo), this only cover damage or injuries to others, also third party fire and theft, this still doesn't fix your car if you crash.

It seems that my point may have been missed in previous posts, my initial statement was how can someone be out of pocket when there is insurance that can cover all situations.

I have the "green slip and comprehensive", for a small outlay every year I am covered for everything, I would not even concider operating a car or motorbike without it.


Comprehension skills: I could be wrong, but, it seems that in Canada the government covers your "green slip", is this typical for America?

For vehicle repairs, to me it seems that you can have whatever amount of insurance you want, with the OP not having enough to cover a minor accident.

I'm just curious in the differences in how you guys insure your vehicles.

Lets leave cost out of it, my mistake was adding a cost for a product/service, I do this often with international purchases, yes, even between different financial systems in different countries.

TLR, insurance isn't needed, until it's needed, and when it is you better have enough coverage.
Depends on where in Canada you are talking. Each province has their own totally different rules. I am not going to look it up but I suppose a couple of the provinces could have government coverage but Ontario (with the largest percentage of the population) does not. I explained our Ontario system several times already but rest assured it is in no way government sponsored. It is a completely private system with laws to control it.
__________________
Racecar spelled backwards is Racecar, because Racecar.
Tcoat is offline   Reply With Quote
Old 08-24-2019, 04:59 PM   #106
gravitylover
Senior Member
 
Join Date: Nov 2014
Drives: 2013 BRZ Premium 6MT White
Location: SE NY
Posts: 1,205
Thanks: 756
Thanked 482 Times in 354 Posts
Mentioned: 6 Post(s)
Tagged: 1 Thread(s)
I can't imagine carrying the minimum allowed by state law. I can see going with a higher deductible to reduce your premium cost if you have the means to pay it when the shit hits the fan. I don't remember what the minimums are here in NY but carrying less than a typical mid level BMW or MB costs to replace is foolish and what if you tag an Aston Martin or lose it on a twisty road and take out a house? Better have enough to cover your ass or else. I do know from several experiences that we are only allowed to sue for medical expenses above what the insurance will pay, there is absolutely no opportunity to sue for anything else that the insurance company didn't pay. We also can't get reduced value coverage so if your 6 month old car gets hit and it's repairable the repairs will be performed and you will deal with the fact that your car is now worth significantly less than what you owe and when you go to sell it you better make full disclosure or you can be sued for fraud years afterward if the owner finds evidence of a previous accident.
__________________
gravitylover is offline   Reply With Quote
 
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Got my letter today WNDSRFR Scion FR-S / Toyota 86 GT86 General Forum 99 01-15-2019 06:22 PM
Insurance question, handing totaled cars over to insurance ZionsWrath Off-Topic Lounge 16 05-15-2018 08:15 PM
Got my recall letter Anagman Arizona 9 03-30-2016 09:36 PM
I got a letter by scion slidethis Southern California 12 12-29-2012 03:22 PM
Letter to Scion kmbkk Scion FR-S / Toyota 86 GT86 General Forum 14 06-01-2012 10:54 AM


All times are GMT -4. The time now is 11:13 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Garage vBulletin Plugins by Drive Thru Online, Inc.