| This is why our insurance rates are so high - Click HERE for Original Thread |
| REDX2NV |
| the lambo is NOT covered by insurance, due to teh fact it was crashed at a track and that waives all your insurance rights. |
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| GSR-TH |
| yep I can't belive how high insurance is here. 200 bucks a month for my civic with 500 dollar deductable is crazy! |
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| Insomniac |
bah... some personal injury claims in Alberta settle for enough cash to buy that Lambo.
That's why our insurance is so high. |
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| ChromeDragon |
Our insurance is so high because stupid little asswads drive beyond what them and their car's are capable of handling and cause accidents.
Chromey |
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| VerbotenZ34 |
Har Har
The sight of the Dualie hanging over the edge of the cliff, anchored by the boat just made my day!
Verboten |
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| colossus |
| Wrong. Read today's Sun. An ad was taken out which spells out how much in millions the insurance industry has profited this year. It's an eye opener. They say that the insurance co lost on investments and are gouging consumers to make up for it! :blink: |
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| TofuBoi |
| yupz i read that too..... something on like 60billion or 600million + |
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| 00GAGT |
| those insurance bastards!@ i pay like 5600 a year :finger: |
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| Inzane |
quote:
Originally posted by ChromeDragon
Our insurance is so high because stupid little asswads drive beyond what them and their car's are capable of handling and cause accidents.
Chromey
You're making an assumption that the majority of major accidents and high dollar claims were caused by "stupid little asswads", but you're forgetting about the greed of lawyers. |
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| SlowAzzPorsche911T |
quote:
Originally posted by GSR-TH
yep I can't belive how high insurance is here. 200 bucks a month for my civic with 500 dollar deductable is crazy!
try 420 a month bra.. then complain.. that's 20 yrs. old on ANY car with 200,000 liability and no comp. :unsure: |
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| colossus |
According to the ad in the Edm Sun yesterday, insurance rates are not high because of lawsuits and settlements which are a drop in the bucket, but rather because of the greed of insurance companies. What other industry can sell an intangible product i.e. air, or so called 'peace of mind', and if they have to ever pay out, then gouge the consumer again by raising the premiums? And it's mandatory by law that you buy their 'services'.
Doesn't that remind you of BANKS? Remember how in the early 90's banks said they were installing ATM's for the convenience of customers and to save in service costs? Well thanks to ATM service charges, it looks like consumers are getting to pay for that 'savings', and the banks earn even more by not having to have as much staff. hurray-NOT!
banks :thumbsdown:
insurance :thumbsdown: |
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| DeathBy240 |
| The companies have to make a profit they are a business, and apparantly now they are going to investigate these companies and make them open their books too see how much they are actually making. But let me assure you its not much, why do you think insurance companies have stopped writing insurance in Alberta? It wouldnt because they are making huge profits. Don't beleive everything you read. |
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| ChromeDragon |
quote:
Originally posted by DeathBy240
The companies have to make a profit they are a business, and apparantly now they are going to investigate these companies and make them open their books too see how much they are actually making. But let me assure you its not much, why do you think insurance companies have stopped writing insurance in Alberta? It wouldnt because they are making huge profits. Don't beleive everything you read.
Actually, they are making profits in Alberta, but not enough for their greedy fat wallets. The insurance companies are attempting to make up for stock market losses that put their profits at an all time low. The point is that they were still making profits, huge profits, just not as huge as usual.
Shouldn't you be paying attention in class though? :D
Chromey |
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| SlowAzzPorsche911T |
quote:
Originally posted by ChromeDragon
quote:
Originally posted by DeathBy240
The companies have to make a profit they are a business, and apparantly now they are going to investigate these companies and make them open their books too see how much they are actually making. But let me assure you its not much, why do you think insurance companies have stopped writing insurance in Alberta? It wouldnt because they are making huge profits. Don't beleive everything you read.
Actually, they are making profits in Alberta, but not enough for their greedy fat wallets. The insurance companies are attempting to make up for stock market losses that put their profits at an all time low. The point is that they were still making profits, huge profits, just not as huge as usual.
Shouldn't you be paying attention in class though? :D
Chromey
ING Canada, 2nd largest insurance corporation in Canada is worth 72 billion dollars, they make in excess of 1.2 billion dollars a year.. that's PROFITS, after everything is said and done. You can not tell me that 20 claims a year costing them an average of 20,000 a year cuts their profits THAT much? :thefinger: |
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| 2003specv |
quote:
Originally posted by SlowAzzPorsche911T
quote:
Originally posted by GSR-TH
yep I can't belive how high insurance is here. 200 bucks a month for my civic with 500 dollar deductable is crazy!
try 420 a month bra.. then complain.. that's 20 yrs. old on ANY car with 200,000 liability and no comp. :unsure:
You've only got $200,000 liability? I hope that was a typo for 2 mil. Only $200,000 is a huge gamble. |
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| DeathBy240 |
| Well I am sure the huge insurance corporations are making profits here, I am sure there are a lot of other companies to that are making profits but not everyone is... It isnt what poeple think that these companies pocket our 200-400 dollars a month and throw it in the bank. They are business that have to make money, as all businesses do but they arent "cashing in" like everyone thinks. In Manitoba there is no fault insurance, I was 16 and I only paid 700 a YEAR. When you're not getting sued left right and centre for personal injury claims, you are able to charge A LOT less. But I suppose I have a rather biased opinion. |
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| SlowAzzPorsche911T |
quote:
Originally posted by 2003specv
quote:
Originally posted by SlowAzzPorsche911T
quote:
Originally posted by GSR-TH
yep I can't belive how high insurance is here. 200 bucks a month for my civic with 500 dollar deductable is crazy!
try 420 a month bra.. then complain.. that's 20 yrs. old on ANY car with 200,000 liability and no comp. :unsure:
You've only got $200,000 liability? I hope that was a typo for 2 mil. Only $200,000 is a huge gamble.
most major accidents settle for 160,000 unless i kill a upper middle class caucasian business man i'm safe, i don't drive much anyways :bigthumbup: |
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| SlowAzzPorsche911T |
quote:
Originally posted by DeathBy240
Well I am sure the huge insurance corporations are making profits here, I am sure there are a lot of other companies to that are making profits but not everyone is... It isnt what poeple think that these companies pocket our 200-400 dollars a month and throw it in the bank. They are business that have to make money, as all businesses do but they arent "cashing in" like everyone thinks. In Manitoba there is no fault insurance, I was 16 and I only paid 700 a YEAR. When you're not getting sued left right and centre for personal injury claims, you are able to charge A LOT less. But I suppose I have a rather biased opinion.
right, vicious circle though, i'm suing to cover the cost of my car that ING Canada REFUSES to cover even though the other party was 100% at fault, if they said sure matt we'll write your car off, instead of f@ck off here's 1700 then i'd re-consider my suit |
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| colossus |
quote:
Originally posted by DeathBy240
Well I am sure the huge insurance corporations are making profits here, I am sure there are a lot of other companies to that are making profits but not everyone is... It isnt what poeple think that these companies pocket our 200-400 dollars a month and throw it in the bank. They are business that have to make money, as all businesses do but they arent "cashing in" like everyone thinks. In Manitoba there is no fault insurance, I was 16 and I only paid 700 a YEAR. When you're not getting sued left right and centre for personal injury claims, you are able to charge A LOT less. But I suppose I have a rather biased opinion.
ha ha that's pretty naive... It's hard to feel sorry for corporations that make X XXX XXX XXX / annum. Even w/o lawsuits do you really think insurance companies are going to hand the savings back to drivers? Why do you think the Worker's Compensation Board is known as "Campers Village"? -Because you have to camp in front the building in protest in order to get your claim heard! |
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| DeathBy240 |
| I dont feel sorry for them. I am just saying there is a misconception that they keep jacking up rates to line their pockets. They arent out to make a young persons life a living hell but they are busniesses that have to survive. I had no problems with my workers comp claim. Money came in the mail before my pay cheque did. Yes without lawsuits your insurance will be less!!! Find some rates for places with no fault insurance!!!! Its not that they are "handing back savings". When you're in an accident they pay for the damage to the vehicle, thats it, they don't have to make huge settlement for personal injury claims!! |
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| colossus |
quote:
Originally posted by DeathBy240
I dont feel sorry for them. I am just saying there is a misconception that they keep jacking up rates to line their pockets. They arent out to make a young persons life a living hell but they are busniesses that have to survive. I had no problems with my workers comp claim. Money came in the mail before my pay cheque did. Yes without lawsuits your insurance will be less!!! Find some rates for places with no fault insurance!!!! Its not that they are "handing back savings". When you're in an accident they pay for the damage to the vehicle, thats it, they don't have to make huge settlement for personal injury claims!!
fair 'nuff. Anybody here had exp with no-fault insurance? i.e. ICBC? What were the rates like compared to here? |
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| SlowAzzPorsche911T |
quote:
Originally posted by colossus
quote:
Originally posted by DeathBy240
I dont feel sorry for them. I am just saying there is a misconception that they keep jacking up rates to line their pockets. They arent out to make a young persons life a living hell but they are busniesses that have to survive. I had no problems with my workers comp claim. Money came in the mail before my pay cheque did. Yes without lawsuits your insurance will be less!!! Find some rates for places with no fault insurance!!!! Its not that they are "handing back savings". When you're in an accident they pay for the damage to the vehicle, thats it, they don't have to make huge settlement for personal injury claims!!
fair 'nuff. Anybody here had exp with no-fault insurance? i.e. ICBC? What were the rates like compared to here?
under 1200 a yr. for a decent record |
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| MOP_zero |
Anyone read that message by the Insurance Buruea of Canada?
Women aged 16-19 are actually statistically more likely to get into an accident then a male of the same, or any age.
Yet the rates don't reflect this.
I think that if they merely charged both males and females of that age group a middle road value, everyone would be happier..
well except for the accident prone females. |
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