Having a wife that works in the insurance industry, I learned a bit about insurance.
Absolutely scandalous rates? Needful in many cases. First of all a few things are taken into account, things like were you live, how far you drive to work, the vehical make and model, your driving history including your age, and the total number of miles you drive in a year. Let take them one at a time. It will also tell them the likely hood of having it stolen. Were you live. This tells the insurance company a few things, Cost of living, and from that the cost of repairs or replacement and what average medical expenses might be like. The population/car density of the area and this tells them the odds of you getting in an accident. This can also tell them the likelihood of you encountering a driver that does not have insurance. Having it stolen is also a factor depending on the type of vehical it is. I can guarantee you that if you live in a place were the cost of living is high, insurance will be high to compensate. How far you drive to work. Tells them about how long you are on the road each day ( the longer you are on the road the more likely you are to be involved in an accident) and the total number of miles you drive in a year does the same. The vehical make and model, tells them the likelihood of you being injured in an accident, as well as the cost of replacement / repair. It can also tell them how likely you are to exceed the speed limit, not that you will, but if you are likely ( if you have a Trans Am, you are more likely to be able to speed than if you have a VW Bug, it also says something about personality type ). This is because a car type also can tell them if you are going to be able to stop for a red light or it might be zipping out in to traffic. It's a fact that more Trans Ams are the cause of more accidents than VW Bugs, so they are going to cost more to insure, even for the same person. Age and driving history, tells them something about, long you have been driving and the possibility of getting into a accident, the more often you have been in an accident the more likely you are going to get into another one. Married status is another factor, that says something about how responsible you are. Your gender alone indicates the likelihood of getting into a accident, it's a fact that females of any given age are less likely to get into an accident. An 18 yr old single male will have a higher rate than an 18 yr old married male. Adding things like total collision, will add to the cost, and if you insist on having a new vehical, you had better believe it will add up. After they have the information, it's an odds game, and they have the demographics, to figure out how likely it is for you to be in an accident, and how much it is going to cost them. Places with high numbers of uninsured motorist, have higher insurance cost than lower numbers of uninsured drivers. Did you know an uninsured driver is more likely to sue, for being in an accident ( especially if they are at fault ) to recover cost due to it ? It ends up costing the insurance companies and insured drivers more. Now add things in like insurance fraud, yea, the cost is going to go up. Yes each car is going to be insured individually and differently ( just like each person ),but, most companies start giving you a discount for each vehical you have insured. I will say, that one thing that the insurance industry, has a problem with is "who is at fault". They don't always recognize illegal actions by some drivers. They have something called "previous lane occupancy", which means that if the lane was occupied by another vehical, due to an illegal act on the part of the driver ( running a red light ), and you move over, and hit them, you are at fault. It does not matter that the other driver was not supposed to be there at the time you moved, so what if the other driver was there due to running the light, and you had right of way ( because you had the green light ), the other driver was there first. Another problem is the fact that in a parking lot, the driver with the poorer visibility ( when backing out ) is at fault, despite the fact that the driver moving forward has better visibility, and ether saw and ignored the fact that someone was backing out, or, didn't see them all together (despite it is a fact that the driver backing out has more limited visibility). Greg H. ----- Original Message ----- From: <[EMAIL PROTECTED]> To: <biofuel@yahoogroups.com> Sent: Monday, March 03, 2003 17:55 Subject: [biofuel] Re: SUV's and gas consumption > I am not sure if Hakan is aware of the absolutly scandelous rates that > insurance goes for here. The insurance companies double dip us and > have conned our gov't into requiring insurance. Each car and each > driver must be insured. You would think that the required liability > insurance would follow the driver regardless of the car that that > driver was in but they tie it to the car as well. If you own two cars > you pay two times ( a little less for the car you drive less). > Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Biofuels list archives: http://archive.nnytech.net/ Please do NOT send Unsubscribe messages to the list address. To unsubscribe, send an email to: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
