The NEW and IMPROVED utterly fucking pointless thread

[SyberBitch]

You don't pay your bill but you get pissed that you don't have coverage. Nice.

I don't know where you read that, because I didn't say it. I never said I was pissed for not having coverage if I didn't pay the bill, I only said that insurance companies only PROVIDE coverage IF you pay your bill (in advance) because you were trying to make some kind of case that people who don't pay their bills are a 'risk' to the company. The only 'risk', really, is that they won't get your money.

Insurance companies are in business to make money as are most business.

Well, NSS. However, with the majority of insurance company clients, you pay thousands of dollars into your policy, and never get a cent back. All of that money, which by the way, you HAVE to pay (or not drive legally), you lose and never get back... for NOTHING.

And think about it, you might pay $900 a year for insurance. If you total your car, the average payout is over $20k if you have a fairly new vehicle. That is a lot of years paying $900. Besides, insurance companies actually make money on investing, not premiums.

Ahem. Well, I know MY premium, for just 'liability' is considerably more than that, so I thought I would do a little research on the subject and here is what I found:

"The national average cost of an auto insurance premium in May 2009 is $1,837 according to CPI. CPI indicated the estimated the average cost for auto insurance nationwide for 2007 was $1,600 and rates have continued to increase in 2009."

So, on 'average', let's double your $900/year (I'm assuming this is an annual figure) and take an annual 'average' of $1800/person. $1800/year over the course of TWELVE YEARS, barely more than a decade, is $21600. Which means that the 'average' person PAYS for a new vehicle, just in insurance payments, at least 4-5 times in their lifetime. Now, let's consider how many people actually do 'total' their car. I did a little more research and found this: (from 'Progressive.com')

"What's the likelihood that you'll have a total loss?

Total losses do not occur frequently. During a year only 8 percent of our customers have any claim at all and about 17 percent of vehicles that have a claim are declared a total loss. The likelihood that you will have a total loss is minimal."

So hmmm 17% of 8%, is 1.36%... let's say 1.5% to be fair. That means that just 1.5% of the customers, 'on average' are going to claim a 'total loss' on their vehicle which most of them pay for several times over in their lifetime of driving. Sound 'fair'?? Hell no. And as I said, even then, you have to fight like hell and be put through the gamut by twaddle-brained, power-mad insurance adjusters, who make every effort to NOT PAY your claim. Insurance agencies in the US are probably one of the biggest legalized scams in the country. It's ridiculous.

Do you know what liability coverage is? It's coverage to pay for the other guys damage and injuries when the mva is your fault.

Again, NSS. Do you seriously run into people who DON'T know what 'liability insurance' is?

Chances are that amount is going to be a lot higher than your premium.

That information was a little harder to find, but I did find numbers for the UK, which stated approx 100k cases of bodily injury payouts for auto accidents, with an average payout of about $12k (translated to US currency). Now, I don't know how that compares to US numbers, but yes, I think we can safely say that the 'average' bodily injury payout is going to be higher than a person's average ANNUAL premium... but over the course of a lifetime?? I would have to guess that very very few people, of the small percentage who actually have bodily injury payouts against them, do not pay enough to cover the damages several times over during their driving history.

Also, your premiums should not go up if the mva is not your fault. That is how it is in NY anyway. Not sure about MI.

I'm not sure what MI has to do with anything, but maybe yes, maybe no. In researching THAT little tidbit, it appears that it's really just up to the insurance company (surprise!). I do know, that I've known several people who have had their insurance premiums increase after being in an accident that was NOT their fault. In fact, it happens more often than not.

You should be pissed at the losers that fake their soft tissue injuries and bilk the insurance companies out of millions of dollars every year. Those are the fuckers that make insurance more expensive for everyone. I see it everyday. It's bad in NYC. There are fraud rings all over the city. The people stage the accident and claim they are injured. The medical providers and attorneys are all in on it too. They sue for big pain and suffering settlements while getting fake medical bills and wages paid through No Fault coverage. Be mad at those fuckers. Not the insurance comanies.

Honestly, I don't see why insurance adjusters feel the need to take the claims 'personally', as if the money were coming out of their own pockets. :

Yes, there is insurance fraud. Does that excuse ridiculous overcharging of MANDATORY auto insurance rates? NO. Does it excuse raising a person's liability rate for having their premium lapse because they couldn't afford the bill in the first place?? HELL no.

The only people it really makes sense to, are the 'fat cat' executives at the top who would rather let people die than give them the coverage that they pay for when they really need it that GOD FORBID decrease their, no doubt, plush salaries. Well, them and the insurance adjusters they brainwash daily with their company lines and bullshit.