>Isn't making gender and age a factor sexist and ageist?
But if a certain group is of higher risk, how can someone deny you the right to charge them more? After all, its your right to protect yourself and business financially.
This is why there should be NO human intervention with insurance rates. Just a deep learning computer making decisions based on pure statistics.
Of course you'd have people crying that the computer is "bigoted and racist".
I believe most insurance companies charge heavily for those in the "ghetto" based on garaging address so that probably works.
Elijah Brooks
All insurance companies care about are the statistics/numbers. It's on illegal if you DENY coverage based on factors like age or race. Using those factors to determine predicted risk is completely legal.
It's why companies have started to ask what your job is, and asking if they can pull your credit score.
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Ayden King
At 22 I wrecked a 2013 mustang, totaled it.
Ever since then I've been charged more than double the previous rate.
$1400 per 6 months for 2015 Jetta and 2000 explorer.
Come this September/October I should see my rates fall down to under 600 per 6 months.
Feels good man. the 3 year surcharge is nearly over, so says Geico.
Pic related, my flipstang.
Owen Turner
tfw u want an R32 GTR for a DD tfw you have no idea how much insurance will cost but know it'll be a lot
Angel Ramirez
OP is fake and gay and his story doesn't add up
Nolan King
He wrecked his car, and his insurance company was left holding the bag.
Of course they are gonna put that fuck through the grinder for getting another car considered a loss leader for them....
Bentley Morgan
2016 FiST 26 year old male
$73/month $250 collision/comprehensive deductible Loan payoff coverage Maxed out values on every single coverage to highest coverage level Rental reimbursement included
Went from $116/month with USAA to the $72/month with Progressive with better coverage. I pay every 6 months though, so that probably makes it marginally cheaper than paying monthly.
Had no violations, at fault accidents, speeding tickets, nothing at all on my record, and my rate kept going up with USAA every time I renewed. This last time it was a $15 bump that made me start looking around. Made no sense at all, the car is older, less valuable, I'm older, less likely to crash, nothing happened in between, and my rate still went up.
Turns out insurance companies raise/drop prices in various areas depending on quite a lot of factors, so some companies have rates rise for no reason, while others drop over time as they try to get more customers in a specific area or demographic set.
Just shop around, the difference in price for me ranged from $400 more than what I was paying to nearly $300 less across half a dozen companies. Though if you're getting quoted $1100/month from your current company, chances are you won't find much that's decently cheap.
Sebastian Brown
Holy shit I remember when you made that thread however many years ago. You got cooked so bad over that lol, how have you been
Mason Taylor
I considered buying one back in November, and called my insurance company up before I made an offer. They wanted me to register it as a classic or antique, and then have it appraised for collector's insurance. If I were to use it as a daily with normal registration and insurance, they said it probably wouldn't be covered for its actual value as a "special car" vs a normal +25 year old Nissan. I don't think it would have been expensive either way though.
He could be using some dumb online tool instead of talking to a real person. I remember running the numbers on an S2000 when I was looking to buy my first car in college, and one of those tools gave me a absurd quote of $800/month.
