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Questions About Auto Insurance & Accidents

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  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,578
    My new agent came to the house earlier to inspect vehicles and have me sign paperwork. Locked in for a year at $1330 which is the best quote we got in South Florida. We've both taken the mature drivers class through AARP and have clean driving records. Drive econo cars so we're both very happy with our Metlife policy. The old one runs out on the 14th and this one starts on the 13th. The agent is very nice and helpful and will see if he can get us a good rate on our homeowners insurance...he thinks he can...yay!

    The Sandman :) :sick: :shades:

    2014 Hyundai Tuscon SE/2005 Mazda 3s/2008 Hyundai Accent GLS/2009 Nissan Versa SL hatch

  • fezofezo Posts: 9,195
    Oh yeah, went up to $4 last year for passenger cars.

    No extra charge if you want someone to drive you and your car across.


    Now THAT is a job I could handle - driving cars across the Mackinac Bridge!
  • marsha7marsha7 Posts: 3,661
    I don't know about that...when I drove across the Delaware Memorial Bridge, it seemed like it was WAY above the river when you look to either side, and it just gives me the creeps...those extra long bridges just might paralyze me...
  • yeah we wouldn't want lunatics proposing public transportation in America That's the road to perdition. :P
  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    Actually, the Columbia River Crossing is between Portland & Vancouver. Perdition is in WA DC.
  • We must never confuse stupidity with evil. You give Washington DC far too much credit.
  • andres3andres3 CAPosts: 5,282
    If a person thinks the insurance industry controls - they don't know the duties of fifty different state insurance commissioners and the clout they have.

    LOL @ that! Speaking from experience, I know the CA insurance commissioner is just a puppet of the insurance industry. I put in a few "department of insurance" complaints against Bristol West/Coast National Insurance years ago complete with full documentation and everything they asked for I provided and responded to promptly. They have zero teeth, zero clout, and zero power.

    From what I could tell, they solely exist to promote the insurance lobbies propaganda and get laws changed/fixed to their benefit.
  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    The CA insurance commissioner's office contacted Bristol about your complaint and after hearing their side of the situation came to the conclusion that Bristol didn't do any wrong or violate any regulation.

    Your emotional and subjective documentation was dealt with accordingly. Next time hire an attorney to represent you. ;)
  • andres3andres3 CAPosts: 5,282
    The only side that was emotional and subject was the insurance side... sorry to burst your bubble. I just hit them with hard, cold facts.

    Actually, they admitted an "examiner" error, but it was pretty much, "Oh well!" Our bad.. too bad for you!" Nothing we can do about our mistake that cost you lots of money!!! :mad: :mad:

    So yes, I got them to admit a mistake was made, but I guess the $$$ amount involved wasn't enough for me to hire a lawyer, and they probably bet on that, rather than acting in good faith and paying for their mistake.
  • andres3andres3 CAPosts: 5,282
    Question of the Decade for this forum:

    Why have auto insurance company profits gone up. I've heard as little as .73 cents on the premium dollar gets paid out in claims.

    What would cause this rise in profit margins?

    My answer is this:

    Automated Enforcement Camera's!

    Bogus tickets result in additional premiums without any further consideration or work on the part of insurance companies. Since these tickets are not related or correlated to safety in any way, they result in DECREASED accident rates, but INCREASED ticket rates.

    The reasons for decreased accident rates are many, but camera enforcement is not one of them. All unbiased studies show red light cameras increase accident rates.

    Increasing tickets = increased premiums.

    Decreasing accidents = lowered claim payments

    It's a win win for the INsurance cabal.
  • MrShift@EdmundsMrShift@Edmunds Posts: 43,643
    I've heard, but not followed up on, that motorists are attempting to mount a defense against these cameras by arguing that they constitute "hearsay" evidence.

    It's interesting but I have no idea how successful it's been.

    Since there is no live "witness" to your crime, there is some logic to it. Speeding tickets are issued by officers, parking tickets by agents, etc.
  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    What would cause this rise in profit margins?

    If you ever read a company's financial statement you will perhaps learn about Investment Income which helps investors & the payment of claims.

    "Profit" is not a four letter word. ;)
  • michaellmichaell Posts: 4,300
    I've heard, but not followed up on, that motorists are attempting to mount a defense against these cameras by arguing that they constitute "hearsay" evidence.

    Something like that happened here in Denver. A bunch of speed camera generated tickets were thrown out as the law stipulates that they must be delivered to the offender by a peace officer. As the robo-tickets came in the mail, they failed to pass this test.
  • andres3andres3 CAPosts: 5,282
    It is true that automated enforcement is Unconstitutional, UN-American, and downright corrupt.

    Higher courts have verified this time and time again whenever someone bothers to challenge the system up to a higher more responsible accountable level.

    In fact, the people have been so effective at fighting illegally issued automated enforcement tickets, the Red Light Camera manufacturers have created a "NRA" size lobby to fund campaign, push their agenda, and bribe officials.

    In CA, this has led to passage of SB1303 early this year, and now they are considering AB666. I'm ashamed of Governor Brown for signing an unconstitutional law only to help them enforce an unconstitutional vehicle code with the courts. Of course, they claim SB1303 helps the people, but the truth is companies like Red-flex wrote all the text. Frankly, they are vaguely disguising the bill and if anyone reads it, they will see it was sold on false pretenses.

    http://paloaltofreepress.com/california-senate-passes-unconstitutional-law/

    AB666 is even worse, and is being considered right now by the state legislature, if you ever cared at all about CA, visit:

    http://stopab666.org/

    This nonsense must be put to a stop.
  • andres3andres3 CAPosts: 5,282
    "Profit" is not a four letter word.

    Interesting then that Mutuals like Liberty couldn't undercut the competition by 25% or more then, since they claim to share the profits with policy holders.

    Doubly interesting that for 2013 Geico undercut Liberty Mutual by 20% in CA for my premiums this year.
  • tba2tba2 Posts: 15
    I have never had to deal with type thing, so I would love some help.
    We traded in a vehicle and bought a used vehicle on a Saturday, excellent condition NADA at $7200.00.
    Three days later, on Tuesday, a woman ran into my wife and totaled the vehicle. My wife is apparantly ok.
    The driver that caused the accident was given a ticket for failure to yield.
    Also, she was given a ticket for no proof of insurance.
    Today..at this point...my adjuster has began the process of reaching a settlement. And he has no idea if the woman actually HAD insurance, but didn't have a card with her.
    I'm going on the supposition that she had none as I write this question.
    My main question is how do/can I negotiate a settlement where I recoup the value of the vehicle that we TRADED IN?
    We should be spot on with the payoff and the NADA of the totaled vehicle. But, I don't want to loose the trade in that we had just 3 days before made...the $1500.00 in specific.
    That said, my insurance adjuster has said he'll do everything that he can, but an insurance company will pay the 'value of the totaled vehicle'.

    So, if the NADA says $7200.00, do I have any recourse (outside of a lawyer) to argue or present that I should get the value of the traded in vehicle???

    I feel like if she does have insurance, it's easier to ask for that.
    If it's MY uninsured motorists insurance, I'm betting they won't budge on getting me the $1500.00. Just the NADA of the totaled vehicle.

    I'm just looking for some experineced advice here. I don't want to just settle for the first thing he throws at me, which I expect to be $7,200.00 or the NADA. I don't want whats not coming to me because the driver at fault made a really bad driving decision.
    FYI: this vehicle was in PERFECT condition, no dents, no scratches, inside and absolutely was flawless, still smelled new. Uphohlstery had seat covers on it previously, no frays or rips or tears or even a stain. It was a beauty.
    1 owner, garage kept, only 97K miles on a 10 year old vehicle.
    I've been with this insurance since I was 16 and have never filed a totaled vehicle. A few fender benders and deer accidents. In today's world, it appears some insurance companies are just waiting to cancel you. So, I don't want to push my limit too far or they could just cancel me.
    I just want to be prepared with some thoughts when he calls me back after finding out if she has insurance and so forth.
    Thank you for insights.
  • MrShift@EdmundsMrShift@Edmunds Posts: 43,643
    The insurance company's obligation is to "make you whole" with what you lost. What you paid for the vehicle is really not the issue.

    Having said that, you do have recourse in terms of settlement.

    You don't have to accept their first offer, you can counter-offer.

    If they refuse your counter-offer, you can hire your own appraiser.

    If your appraiser's estimate is higher, but the insurance company won't pay that amount, then you have the right to an arbitration hearing.

    The appraiser + the hearing will cost you around $500 out of your pocket, so you have to consider a) is this worth fighting and b) that the referee in the hearing is likely to split the disputed amounts "down the middle" as a compromise.

    Regarding the other party, that's interesting if they are uninsured, and I suppose you could go after them for the additional $1500, but that seems pretty unlikely to produce results.

    if she is in fact insured, then your insurance company will claim against her insurance company to recoup their payout to you.

    There's no shame in fighting a settlement offer--I don't think it puts your insurance premiums at risk, as you were not at fault in the accident.

    Insurance companies don't take anything personally, and therefore, nor should you. They don't pump their fists when they short-change you, nor do they hang their heads in defeat when you best them. They only care that at the end of the year, there's black ink, not red ink.
  • qbrozenqbrozen Posts: 16,895
    Am I understanding you correctly? You want the value of the totalled car plus the value of the car you traded on this totalled car? Why? I'm assuming the value of your traded car came off the purchase price of the totalled car, yes? So if the car cost $7200 and you received $1500 value on trade, then you only paid $5700 out of pocket. So when/if the guilty party pays you $7200, you have, in fact, been paid for the trade. Am I missing something? :confuse:

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    I'm with you on understanding this one. :confuse: How can she expect to be paid anything on the car in which she no longer has any insurable interest? :confuse:
  • tba2tba2 Posts: 15
    Cash price of bought vehicle 7573.00
    Taxes and fees 552.00 to doc fees =8400.00

    Vehicle trade in $1500.00
    Leaving me paying $6900.00
    After me only driving for 2.5 days, I want $8400.00.
    Having an uninsured driver bang me outta $1,500.00 isn't understandable either.
    I just want what I had before she tboned us.

    thanks again.
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