Random Thoughts - Part Deux [NO POLITICS]

[Tcoat]

Originally Posted by humfrz

Heck, according to that ....... my insurance should be FREE .......


humfrz

Nope when you reach that level you become subject to the turn signal tax.

[soulreapersteve]

Originally Posted by Teseo

And where is 15min save you 15%?

Yeah, 15 minutes and they can take that 15 percent and stick it up their butts.

Originally Posted by Tcoat

Maybe they do that here as well but I have never heard of it before. Really adds another variable when we get the semi annual "What do you pay for insurance" thread.

I've talked to many people (agents) along with browsing sites and suppose its common practice here in 'Murica. I suppose people with lack of credit history, or low credit scores, are seen as a larger risk? Kinda like when applying for a loan.

Ticked off because a car bud who is a year younger has longer credit history, therefore is paying much, much less than I am. Yes, other factors do come into play but we do have similar everything else, cept credit report history.

[EAGLE5]

Love is buying this for yourself then letting your son put it together on his own.

[soulreapersteve]

Originally Posted by humfrz

Heck, according to that ....... my insurance should be FREE .......


humfrz

Nah, you have to be driving one of these for it to be free.

[EAGLE5]

Originally Posted by soulreapersteve

Yeah, 15 minutes and they can take that 15 percent and stick it up their butts.



I've talked to many people (agents) along with browsing sites and suppose its common practice here in 'Murica. I suppose people with lack of credit history, or low credit scores, are seen as a larger risk? Kinda like when applying for a loan.

Ticked off because a car bud who is a year younger has longer credit history, therefore is paying much, much less than I am. Yes, other factors do come into play but we do have similar everything else, cept credit report history.

refi? I checked my credit today. Discover says it's almost 850 X)

[Tcoat]

Originally Posted by jsimon7777

Love is buying this for yourself then letting your son put it together on his own.

My son is 30 years old. I would tell him too screw off and get his own,

[Tcoat]

Originally Posted by soulreapersteve

Yeah, 15 minutes and they can take that 15 percent and stick it up their butts.



I've talked to many people (agents) along with browsing sites and suppose its common practice here in 'Murica. I suppose people with lack of credit history, or low credit scores, are seen as a larger risk? Kinda like when applying for a loan.

Ticked off because a car bud who is a year younger has longer credit history, therefore is paying much, much less than I am. Yes, other factors do come into play but we do have similar everything else, cept credit report history.

Credit history makes sense for a loan but I am baffled how it impacts your driving ability and risk.


Ahhh there we go! It is a relatively new thing. Also yet another scammy practice in my books!

"A new trend is being adopted by large insurance companies in Canada and the United States. Among the factors used to determine premiums on home and auto insurance, credit scores are now part of the equation. In other words, your financial history could play a part in determining how much you pay for insurance.
Many insurance companies justify this decision by drawing a comparison between credit history and financial responsibility. Credit score is presented as a predictor of the likelihood a customer will continue to pay monthly premiums on time. Therefore, customers with poor credit scores theoretically pose a higher risk, leading to an increase in their premiums to compensate. Additionally, insurance companies allege that bad credit leads to an increase in claims for insureds. A study by EPIC Actuaries from 2003 found a correlation between credit scores and claim frequencies. The chart below shows claim frequency on the vertical axis, and credit score on the horizontal axis"

https://www.dmwinsuranceltd.com/inde...rance-premium/

[soulreapersteve]

Originally Posted by jsimon7777

refi? I checked my credit today. Discover says it's almost 850 X)

Refinance? I already paid my car off.

Mine is around 720-740 depending on who I pull it from due to their usage of different credit models. Guess I'll continue to shop around every 6 months, though I doubt anyone can beat progressive currently.

[humfrz]

Originally Posted by Tcoat

Nope when you reach that level you become subject to the turn signal tax.

I'm doomed ......


humfrz

[soulreapersteve]

Originally Posted by Tcoat

Credit history makes sense for a loan but I am baffled how it impacts your driving ability and risk.


...

Yeah, its BS. What if I'm making 100k/year but have a short credit history? (just pulling numbers outta my ass)

Ridiculous I tell you.

Anyways, going to an SCCA rules proposal meeting instead of paying attention to this shitty election. Talking cars and stuff with other people beats the hell outta drinking to death over the future of 'Murica.

[humfrz]

Originally Posted by jsimon7777

refi? I checked my credit today. Discover says it's almost 850 X)

Wait till tomorrow .........


humfrz

[Cole]

Originally Posted by humfrz

Heck, according to that ....... my insurance should be FREE .......

@soulreapersteve ........ reminds me of the time, just after I got off active duty from the Army, we moved to California and rented an unfurnished apartment.

I never had a credit card and had always paid cash for everything. Well, I was a bit low on cash and went to Sears to buy a bed and open a Sears charge account.

They wouldn't allow me to open an account (thus buy a bed) because I didn't have any credit history. So, we slept on the floor for over a month, while I was establishing a credit history.

Yep, a college graduate, a captain in the Army (inactive) and I couldn't buy a BED on credit.

Oh yes, "C" rations, heated up can be quite tasty ....... if you drink enough whisky before you eat ...... just ask @Tcoat and @Cole ......

Hey, you'll survive.


humfrz

Honestly, Hum, I wasn't in soon enough to have the C rations, however, our IMP's (individual meal packs or packages or packets or whatever) have quite a few tasty items on the menu. Breakfasts are the worst, with the hash browns and sausage being the only good ones. Lunches are the real winners, with a good 90% of them being great and dinners have about 60% delicious rate.

But, after you've been in the field for 8 days in December, literally any one of them is amazing if they're hot enough, and of course you brew the included coffee (or, mix up your Starbucks Via packs, providing you have family who loves you enough to send them to you) just right.

[Cole]

Originally Posted by Tcoat

Credit history makes sense for a loan but I am baffled how it impacts your driving ability and risk.


Ahhh there we go! It is a relatively new thing. Also yet another scammy practice in my books!

"A new trend is being adopted by large insurance companies in Canada and the United States. Among the factors used to determine premiums on home and auto insurance, credit scores are now part of the equation. In other words, your financial history could play a part in determining how much you pay for insurance.
Many insurance companies justify this decision by drawing a comparison between credit history and financial responsibility. Credit score is presented as a predictor of the likelihood a customer will continue to pay monthly premiums on time. Therefore, customers with poor credit scores theoretically pose a higher risk, leading to an increase in their premiums to compensate. Additionally, insurance companies allege that bad credit leads to an increase in claims for insureds. A study by EPIC Actuaries from 2003 found a correlation between credit scores and claim frequencies. The chart below shows claim frequency on the vertical axis, and credit score on the horizontal axis"

https://www.dmwinsuranceltd.com/inde...rance-premium/

That is absolute horseshit. "Hey, you have shit credit, so you're going to overpay for insurance, even though we know you'll probably miss a payment or two because it's so high"

[Tcoat]

Originally Posted by soulreapersteve

Refinance? I already paid my car off.

Mine is around 720-740 depending on who I pull it from due to their usage of different credit models. Guess I'll continue to shop around every 6 months, though I doubt anyone can beat progressive currently.

Oh there ya go! If only there had been a group of people around too say to wait and keep making payments to build credit!

Oooopps