AndyL
12-11-2007, 07:35 PM
http://www.nationalpost.com/todays_paper/story.html?id=159476
Barbara Wellensiek knew her son's insurance premium would be steep because of his driving record, but she never expected it would be $104,566.63 when the renewal notice came in.
"I thought it was a typo," Ms. Wellensiek, of Edmonton, said yesterday. Access Insurance Group denied a mistake and said the rate was being increased from $1,300 a month. "I just about fainted -- how could this be?"
She has calculated that her son, Janson Towers, would have to earn $55 an hour all year just to pay his auto insurance premium. Mr. Towers has all the factors going that make for a very high rate even under the new grid system brought in when Alberta's auto insurance reforms took effect in 2004.
He is 19, and has a "tendency to speed," Mr. Wellensiek said. Since May, 2005, he has received 10 speeding tickets, and has been in two minor "fender-benders" as well as a rear-ender that totalled his car. Although the insurance industry has complained that the grid system rewards bad drivers, an insurer could charge even more.
Ok... This is hillarious, the parents don't quite clue into the fact that their kid needs a kick in the a$$? This kid needs to pay his own damn premium - take another of these bad drivers off the road.
I think I'm going to send a letter to access insurance asking why his rate is so low!
Barbara Wellensiek knew her son's insurance premium would be steep because of his driving record, but she never expected it would be $104,566.63 when the renewal notice came in.
"I thought it was a typo," Ms. Wellensiek, of Edmonton, said yesterday. Access Insurance Group denied a mistake and said the rate was being increased from $1,300 a month. "I just about fainted -- how could this be?"
She has calculated that her son, Janson Towers, would have to earn $55 an hour all year just to pay his auto insurance premium. Mr. Towers has all the factors going that make for a very high rate even under the new grid system brought in when Alberta's auto insurance reforms took effect in 2004.
He is 19, and has a "tendency to speed," Mr. Wellensiek said. Since May, 2005, he has received 10 speeding tickets, and has been in two minor "fender-benders" as well as a rear-ender that totalled his car. Although the insurance industry has complained that the grid system rewards bad drivers, an insurer could charge even more.
Ok... This is hillarious, the parents don't quite clue into the fact that their kid needs a kick in the a$$? This kid needs to pay his own damn premium - take another of these bad drivers off the road.
I think I'm going to send a letter to access insurance asking why his rate is so low!