Advertise on Bikeforums.net



User Tag List

Page 1 of 2 12 LastLast
Results 1 to 25 of 36
  1. #1
    I need more cowbell. Digital Gee's Avatar
    Join Date
    Jun 2005
    Location
    Reno, Nevada
    My Bikes
    2012 Masi Evoluzione, 2009 Specialized Globe Vienna 2
    Posts
    7,894
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Insurance rant...

    Most of you know my daughter had a car accident and totaled her cute little 2002 Ford Focus. Well, the policy is up for renewal this month, and they are really socking it to me. She adds over $2,000 to the policy every six months (and that's with just my car and no second car).

    I could buy a helluva lot of carbon and lycra for $4k a year.

    I sure picked the wrong time to give up smoking and booze!

    (Not really, of course...)

    Guess I'll go for a ride and lower my stress....
    Visit my blog! The Leadership Almanac
    2012 Masi Evoluzione
    2009 Specialized Globe Vienna 2

    Proud member of the original Club Tombay

  2. #2
    Senior Member geofitz13's Avatar
    Join Date
    Nov 2006
    Location
    Springfield, MA
    My Bikes
    Specialized Allez Elite
    Posts
    361
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    My wife had her first "at fault" accident about 3 years ago. First accident in over 30 years of driving. And with the first accident, her rates went up about 2000/year and will only drop to the original rates after 6 years without another accident or ticket. We figure the insurance company actually made a profit off her accident! (Of course, not counting the premiums from the previous 30+ years accident- and claim-free)

    D**m insurance companies!!

  3. #3
    Senior Member Old Hammer Boy's Avatar
    Join Date
    Aug 2005
    Location
    Utah
    My Bikes
    Trek, Cannondale Tandem, Surly LHT
    Posts
    1,082
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Perhaps that extra $2 Gs should go for a bike--- for her

  4. #4
    Small Member maddmaxx's Avatar
    Join Date
    Nov 2003
    My Bikes
    Leader home built hardtail, Diamondback Response
    Posts
    7,126
    Mentioned
    6 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by geofitz13 View Post
    My wife had her first "at fault" accident about 3 years ago. First accident in over 30 years of driving. And with the first accident, her rates went up about 2000/year and will only drop to the original rates after 6 years without another accident or ticket. We figure the insurance company actually made a profit off her accident! (Of course, not counting the premiums from the previous 30+ years accident- and claim-free)

    D**m insurance companies!!
    Insurance companies make a profit off of everything!! Its what makes a stockholder feel good.

  5. #5
    Senior Member
    Join Date
    Feb 2007
    Location
    S.E. Pennsylvania, USA
    Posts
    1,737
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Parenting is always filled with challenges. As a kid I was not allowed to get a driver's license until I could pay for my own auto insurance. I've held the same standards for both of my boys, and it seems to have made an impact on them. One son didn't get his license until he was 19. He said, "I've got better things to do with my money." Of course, that means he had to learn to take public transportation and/or get friends to take him places. My other son rode his bicylce to work eight miles each way for over a year (he was working part time and going to school full time).As far as insurance companies go.... they are in business to make profits. And, if that means sticking to their consumers (at least that's how it feels to us), they seem all too willing to do so.

    Hope your ride lowers your stress.
    Oh I used to be disgusted and now I try to be amused. But since their wings have got rusted, you know, the angels wanna wear my red shoes. But when they told me 'bout their side of the bargain, that's when I knew that I could not refuse. And I won't get any older, now the angels wanna wear my red shoes.

  6. #6
    Senior Member geofitz13's Avatar
    Join Date
    Nov 2006
    Location
    Springfield, MA
    My Bikes
    Specialized Allez Elite
    Posts
    361
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Old Hammer Boy View Post
    Perhaps that extra $2 Gs should go for a bike--- for her
    She's already got one! Only problem is that she cannot get comfortable riding on the road. Just too nervous. She has to stick to MUPs. And I hate them. But twice a week, we normally hit one so she can ride, and once or twice a month make the trek to the East Bay Bike Trail in Prov. RI for a nice ride. I really prefer to ride on the road tho. Feel safer.

  7. #7
    Senior Member Skipper's Avatar
    Join Date
    Aug 2005
    Location
    Limburger capitol of the USA
    My Bikes
    Trek 1500, Trek 7300FX, Cannondale RT3000
    Posts
    361
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    My insurance company wanted to charge me higher premiums because my daughter was about to turn 16 years old and thus become eligible for driving privledges. Fortunately, it didn't take long for my insurance agent to set the insurance company straight. My daughter was and still is a spastic quadriplegic and will never drive a car.

  8. #8
    gone ride'n cyclinfool's Avatar
    Join Date
    Aug 2007
    Location
    Upstate NY
    My Bikes
    Simoncini, Gary Fisher, Specialized Tarmac
    Posts
    4,052
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    My daughter is now turning 25, her rates will drop. The rule was if she wanted to drive she had to pay her own expenses - including insurance. The rate on her car was always equal to my wife and my car added together. Not outrageous, but not cheap. Luckily she never wrecked a car or got a ticket. You may check a driver safety course - that can lower your rates. It did for us even though we are low risk drivers.
    "Of all the things I ever lost I miss my mind the most." Mark Twain
    If all you have is a hammer, every problem looks like a nail.

  9. #9
    Happy Rider
    Join Date
    Nov 2006
    Location
    Texas
    My Bikes
    Gold Rush, Moots compact, Bike Friday Pocket Crusoe
    Posts
    749
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Digital Gee View Post
    Most of you know my daughter had a car accident and totaled her cute little 2002 Ford Focus. Well, the policy is up for renewal this month, and they are really socking it to me. She adds over $2,000 to the policy every six months (and that's with just my car and no second car).

    I could buy a helluva lot of carbon and lycra for $4k a year.

    I sure picked the wrong time to give up smoking and booze!

    (Not really, of course...)

    Guess I'll go for a ride and lower my stress....
    Move to
    Texas.
    Bike to live, live to eat!!

  10. #10
    Senior Member Terrierman's Avatar
    Join Date
    Oct 2006
    Location
    SWMO
    Posts
    3,177
    Mentioned
    4 Post(s)
    Tagged
    0 Thread(s)
    Man! That post really askeered me for a while, til I got to the part where you were only joking about giving up smoking and booze.
    It's all downhill from here. Except the parts that are uphill.

  11. #11
    Dog is my co-pilot 2manybikes's Avatar
    Join Date
    Jun 2003
    My Bikes
    2 many
    Posts
    13,877
    Mentioned
    4 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by geofitz13 View Post
    once or twice a month make the trek to the East Bay Bike Trail in Prov. RI for a nice ride. I really prefer to ride on the road tho. Feel safer.
    Ever notice a green trike with a Corgi in the back? Or see the photo of him in the bike shop?
    [SIGPIC][/SIGPIC]

  12. #12
    SSP
    SSP is offline
    Software for Cyclists SSP's Avatar
    Join Date
    Dec 2003
    Location
    Redding, California
    My Bikes
    Trek 5200, Specialized MTB
    Posts
    4,618
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Hmmmm....should this be an insurance rant, or a daughter rant?

    Seems to me that she's got some responsibility here...perhaps she should pay for the difference between what the rates were before her accident, and what they are now.

    $4K per year is a lot of money (my 24 year old daughter's insurance is only about $1400/year). Does she really need a car? Or, is Daddy filled with guilt and trying to assuage it by buying her things?
    CycliStats.com - Software for Cyclists
    WeightWare.com - Weight Management Software

  13. #13
    Senior Member BlazingPedals's Avatar
    Join Date
    Dec 2004
    Location
    Middle of da Mitten
    My Bikes
    Trek 7500, RANS V-Rex, Optima Baron, Velokraft NoCom, M-5 Carbon Highracer, homebuilt recumbent
    Posts
    7,285
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    DG, the insurance isn't your problem, it's your daughter's. Has she checked into other insurance companies?

  14. #14
    The Improbable Bulk Little Darwin's Avatar
    Join Date
    Jul 2005
    Location
    Wilkes-Barre, PA
    My Bikes
    Many
    Posts
    7,428
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)
    When I was about 40 I went home and visited my parents and they told me that they still had a disclaimer in their insurance from when I turned 16 that I was not covered if I drove their car... I was explicitly named!
    Slow Ride Cyclists of NEPA

    People do not seem to realize that their opinion of the world is also a confession of character.
    - Ralph Waldo Emerson

  15. #15
    Senior Member George's Avatar
    Join Date
    Jul 2006
    Location
    Katy Texas
    My Bikes
    Specialized Roubaix
    Posts
    5,290
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by card View Post
    Move to
    Texas.
    Yea you don't need insurance here.
    George

  16. #16
    Let's do a Century jppe's Avatar
    Join Date
    Oct 2004
    Location
    North Carolina
    My Bikes
    Pinarello Prince/Campy SR; Cervelo R3/Sram Red; Trek 5900/Duraace, Cervelo P2C/Duraace
    Posts
    6,137
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Trade you for the insurance on my 3 kids..........

  17. #17
    Senior Member geofitz13's Avatar
    Join Date
    Nov 2006
    Location
    Springfield, MA
    My Bikes
    Specialized Allez Elite
    Posts
    361
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by 2manybikes View Post
    Ever notice a green trike with a Corgi in the back? Or see the photo of him in the bike shop?
    Actually, I seem to remember the dog and trike. Watch for a 50+ jersey when you are riding there in the spring!

  18. #18
    Senior Member freeranger's Avatar
    Join Date
    Jun 2005
    Location
    Kentucky
    My Bikes
    06 Lemond Reno, 98 GT Timberline mtn.bike
    Posts
    1,013
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I agree that's a rip! We pay for insurance in case something happens, and when it does, they raise our rates to cover what they have paid out. Except for someone trying to sue me should an accident occur, don't think I'd see the need for it at all. Sure doesn't help us if we do something to our own car!

  19. #19
    Me and the cat... Pamestique's Avatar
    Join Date
    Jun 2006
    Location
    Tustin, CA
    My Bikes
    2002 Lemond Zurich, 2006 Santa Cruz Superlight, 2010 Landshark, 2012 Santa Cruz Juliana, 2014 Juliana Premiero Origin 29er and last but not least, the "Frankenweenie"!
    Posts
    4,465
    Mentioned
    11 Post(s)
    Tagged
    0 Thread(s)
    My take? If a teenage driver, you get one shot at getting a car. Blow that, you walk or ride a bike until old enough to afford your own (I couldn't drive until 18 - I rode a bike everywhere. Started my love affair with cycling). If every teenage driver knew that, they might pay more attention to the road. Just be thankful she is OK (as traffic accident are the leading cause among teenagers) but I really wouldn't have allowed her to drive one of my cars. Personally I see no reason in youngsters driving until age 18 anyway. Where are they going they have to drive? They can walk to school (or take a bus), or ride a bike and shouldn't be out after dark anyway. But then I'm pretty old fashion about this.

  20. #20
    Senior Member Kurt Erlenbach's Avatar
    Join Date
    Jul 2007
    Location
    Space Coast, Florida
    Posts
    2,423
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    As of yesterday, Florida is the only state in the US that requires NO insurance to drive a car, because the PIP law expired. It might be coming back in a special session next week, but you never know.

    Plus, the homeowners companies are sending rates through the roof (figuratively, I mean. If they acutally went through the roof, they would contest the claim) because of hurricanes and because of the housing craze of a few years ago that sent prices way up.

    I had three teenage drivers for a while - my auto insurance was more than my mortgage.

  21. #21
    OnTheRoad or AtTheBeach stonecrd's Avatar
    Join Date
    Aug 2005
    Location
    Weston, FL
    My Bikes
    Ridley Noah RS, Scott CR1 Pro
    Posts
    2,169
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by kerlenbach@cfl. View Post
    As of yesterday, Florida is the only state in the US that requires NO insurance to drive a car, because the PIP law expired. It might be coming back in a special session next week, but you never know.
    This is not quite accurate. PIP only provided no fault medical coverage through your car insurance. Other coverages such as liability, property protection and uninsured motorist coverage are still required. If you have regular health insurance then you really don't need PIP since it will cover you and int he case of an accident that is not your fault they can go to court to recover their payments. I considered PIP double coverage and my auto coverage in FL was much higher than it was in San Fransisco or Chicago. In addition there are arguments that a lot of medical fraud is committed since PIP just paid out medical expenses, your insurance continues to go up and without any control.

    This is much like the issues with property tax and property insurance down here. Both sides spread a lot of misinformation and in the end the consumer gets nothing. Two major bills in the legislature were designed to help the property insurance/tax crisis, net result to me $0 saving on property insurance. Property tax bill passed to roll back taxes to 2006 levels, net result to me $124 in savings. Middle class pays the bills for everything.
    Last edited by stonecrd; 10-02-07 at 07:57 AM.
    The problem with the gene pool is that there is no lifeguard and the shallow end is much too large

    2013 Noah RS

  22. #22
    feros ferio John E's Avatar
    Join Date
    Jul 2000
    Location
    www.ci.encinitas.ca.us
    My Bikes
    1959 Capo; 1980 Peugeot PKN-10; 1981 Bianchi; 1988 Schwinn KOM-10;
    Posts
    15,190
    Mentioned
    8 Post(s)
    Tagged
    0 Thread(s)
    Proposition: As avid bicyclists, we are vulnerable to careless motorists.

    Implication: We should favor poilcies (so to speak) which encourage attentive driving and which penalize carelessness.

    Assertion: Increasing the insurance premiums of those who cause collisions is appropriate.



    The insurance companies are not at fault; John Q. Public is at fault for causing so much carnage on our highways and not holding up the mirror occasionally to see who is ultimately responsible for high premiums.
    "Early to bed, early to rise. Work like hell, and advertise." -- George Stahlman
    Capo [dschaw'-poe]: 1959 Modell Campagnolo, S/N 40324; 1960 Sieger, S/N 42624
    Peugeot: 1970 UO-8, S/N 0010468
    Bianchi: 1981 Campione d'Italia, S/N 1.M9914
    Schwinn: 1988 Project KOM-10, S/N F804069

  23. #23
    OnTheRoad or AtTheBeach stonecrd's Avatar
    Join Date
    Aug 2005
    Location
    Weston, FL
    My Bikes
    Ridley Noah RS, Scott CR1 Pro
    Posts
    2,169
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Insurance is big business and really only pays off in a catastrophic situation. I have adjusted most of my policies to have high deductibles and lowest premiums possible. I just will not file a claim unless whatever I insure is completely destroyed. Otherwise your premiums just sky rocket or you get dropped.
    The problem with the gene pool is that there is no lifeguard and the shallow end is much too large

    2013 Noah RS

  24. #24
    His Brain is Gone! Tom Bombadil's Avatar
    Join Date
    Sep 2006
    Location
    Paoli, Wisconsin
    My Bikes
    RANS Stratus, Bridgestone CB-1, Trek 7600, Sun EZ-Rider AX, Fuji Absolute 1.0, Cayne Rambler 3
    Posts
    9,980
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I once had 4 daughters on my car insurance, they were 22, 20, 18, & 16.

    Don't like to think about those days.
    "Too often I would hear men boast of the miles covered that day, rarely of what they had seen." Louis L'Amour

    There are two types of road bikers: bikers who are faster than me, and me. Bruce Cameron - Denver Post

  25. #25
    bac
    bac is offline
    Senior Member bac's Avatar
    Join Date
    Jun 2002
    Location
    Pennsylvania
    My Bikes
    Too many to list!
    Posts
    7,487
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Digital Gee View Post
    Most of you know my daughter had a car accident and totaled her cute little 2002 Ford Focus. Well, the policy is up for renewal this month, and they are really socking it to me. She adds over $2,000 to the policy every six months (and that's with just my car and no second car).
    It sounds like you made out on the deal thus far. However, no worries, they'll get their money back over time.

    ... Brad

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •