Insurance on the BRZ

[Brahsbrah]

Put a $500 deposit on my White Pearl BRZ on Friday and called TD Insurance to double check that my online quote of $90 a month was accurate...



Only to find out that my two accidents which I never submitted claims were "at fault" unless proven otherwise, and they won't even insure me.


Had to wait all weekend stressing about whether I can afford insurance now, let alone find a company that will insure me!


I'm located in Halifax, Nova Scotia. Does anyone have any recommended companies or brokers?

[whtchocla7e]

That sucks man.. first and foremost take care of your insurance or you'll be paying out of your ass for a long time. Once that is sorted then start thinking about a new car. That's what I would do.

[TOZER]

Try ThePersonal, they were cheapest for me with an at fault accident and speeding ticket and I'm 19 lol

[Brahsbrah]

Originally Posted by TOZER

Try ThePersonal, they were cheapest for me with an at fault accident and speeding ticket and I'm 19 lol

What are you paying out of curiosity?

[Frost]

Interesting how the two at-fault accidents which you didn't submit claims on comes back to bite you only now.

Do you actually have insurance right now? How is that happening?

Also, this is why you get insurance quotes PRIOR to buying a vehicle, not after.

If one insurance company is unwilling to insure you, chances are the other major ones will be unwilling to as well. You might have to see the coverage of a specialized provider that covers high risk drivers.

See here: https://www.google.ca/search?q=high+...hrome&ie=UTF-8

As for your $90 / month online quote - did you lie about your previous history? If that's the case then of course it won't be accurate.

Man, I would kill for $90 per month insurance - I pay just under twice that and I have zero at fault accidents (the one claim I made was because some asshat in a RAV4 backed out of a parking spot into me on the main road while I was waiting for a spot - wtf???).

[twoodcc]

i'm in the US and i'm paying $81 per month. I just got it last week so i'm going to call around and see if i can get something cheaper.

[automatic]

Originally Posted by Brahsbrah

Only to find out that my two accidents which I never submitted claims were "at fault" unless proven otherwise, and they won't even insure me.

Had to wait all weekend stressing about whether I can afford insurance now, let alone find a company that will insure me!

In Ontario, if the insurance company finds out you were at fault (from drivers abstract/insurance records), they will hold it against you whether you submitted a claim or not. I'm not sure if thats how it works in NS but I would assume so.

Also, if you didnt submit a claim, but you or the other party reported it to the police or their own insurance company, then that information is accessible by the insurance company.

[DeeezNuuuts83]

Originally Posted by automatic

Also, if you didnt submit a claim, but you or the other party reported it to the police or their own insurance company, then that information is accessible by the insurance company.

This. I work in insurance, and so many people are confused when it comes to how things show up.

Quick crash course -- most insurance companies look at two reports, MVR and CLUE. Your MVR involves violations that you've been cited for and convicted of, while your CLUE involves claims and payouts. So depending on how an accident was documented, it will show up on one report and affect your insurance.

Example A. I ask a client if they've had any tickets or accidents, they say no, and then an accident shows up. Their excuse is, "Oh, I didn't get a ticket for that accident," or "That accident was dropped in court," or "It's not on my DMV record." Well, marthafocker, I didn't ask if they got ticketed FOR an accident. It's on there, sourced from the CLUE report, which doesn't necessarily coincide with the MVR and typically isn't accessible to the public.

Example B. I ask a client if they've had any tickets or accidents, they say that they didn't make a claim, and then an accident shows up. Again, they might have been ticketed for it (which is possible if law enforcement is involved, usually if they report to the scene and cite the driver for other things like speeding or running a red light) but didn't make a claim. Also, if it involved another car, perhaps the other driver made a claim. The company doesn't always notify you when there is a claim made against you unless they need your side of the story.

[thill]

I am paying $327 every 6 months (with a $500 deductible). I have not had an accident/ticket in about 20 years and this is with all discounts applied (which I have a bunch). This is with State Farm whom I have been with since the 1980's. I priced it out recently at USAA (where I am a member) and State Farm is still cheaper.

[DeeezNuuuts83]

Yeah, 20+ years worth of loyalty discounts will do that.

[bestwheelbase]

Originally Posted by DeeezNuuuts83

Yeah, 20+ years worth of loyalty discounts will do that.

Speaking of which... what's the deal with car insurance discounts [in the USA]? I mean, the risk is still there. I pay premium in exchange for certain coverage. How does it add up? Is this a marketing thing or an actuarial thing?

[DeeezNuuuts83]

Originally Posted by bestwheelbase

Speaking of which... what's the deal with car insurance discounts [in the USA]? I mean, the risk is still there. I pay premium in exchange for certain coverage. How does it add up? Is this a marketing thing or an actuarial thing?

I'm sure it's a bit of both. Loyalty discounts are going to help secure their customers and keep them happy while possibly keeping them from constantly searching for new quotes at every renewal. And perhaps there is some statistic that supports drivers remaining with the same company for an extended length of time being less likely to be in an insurance claim compared to someone who has hopped around.

[bestwheelbase]

Originally Posted by DeeezNuuuts83

I'm sure it's a bit of both. Loyalty discounts are going to help secure their customers and keep them happy while possibly keeping them from constantly searching for new quotes at every renewal. And perhaps there is some statistic that supports drivers remaining with the same company for an extended length of time being less likely to be in an insurance claim compared to someone who has hopped around.

Gotcha, yeah, there is probably some data that correlates jumping between companies with other risk factors. Same way credit files and other info is used to create behavioral models and yada yada yada.

It all comes down to this: Drive safe and take care of your shit. It helps everyone.

[jimmillion]

Even tho at the time I made this for Ontario, it still has a lot of good info on Canadian insurance companies.

http://www.ft86club.com/forums/showthread.php?t=23281