Oct 1.

[d-UNiT]

http://www.ibc.ca/home_alta_autoreform.asp
http://www.autoinsurance.gov.ab.ca/calculate.html


k these links are pretty useful for what will happen with insurance on october 1st.. dont get too excited though, i talked to my insurance agent and they said that the insurance deductions will probably not come into effect until january.. wow thats a load of dog shit.:cry:. tell me what you think

[edit - right now, the auto insurance website is down, but when its up it gives a detailed explaination through diagrams how the new policys work]

[finboy]

fock, still 340 a month till january???

:cry: :cry: :cry:

[d-UNiT]

i hear you man.. i hope my insurance agent is just a tool.. maybe some of you guys should call yours tommorow and find out.. and report back what you discovered

[sheeve]

my insurance agent told me that it would be january also. so still 450 a month til then

[rage2]

Overall, the new system will result in savings for insurance consumers, particularly for young and/or high-risk drivers, who have traditionally paid substantially higher than average auto insurance premiums.
Uh oh, the secret's out. Prepare for the backlash on QR77 when the rates of the old good drivers stays expensive, or goes up!

Kinda shitty that they mention the intent of this insurance change AFTER the fact. I've been bitchin' about it for the last 12 months with nobody listening :banghead:. None of the web sites, news articles, radio shows, etc. brought up the fact that this new system only helps the young drivers, and shitty drivers.

[d-UNiT]

i dont know rage..

the first article i read in the online herald back in june.. said it would mostly benefit newly licensed drivers .. male and in their teens.. we mind as well have a public insurance system, .. man and that shit about january has got me so sad :cry: like for christs sake if you are going to introduce something on october 1st put it into power on october 1st.. we have been waiting long enough for this to happen.. why the sudden extended delay...

man im pissed

[rice_eater]

Originally posted by rage2

Uh oh, the secret's out. Prepare for the backlash on QR77 when the rates of the old good drivers stays expensive, or goes up!

Kinda shitty that they mention the intent of this insurance change AFTER the fact. I've been bitchin' about it for the last 12 months with nobody listening :banghead:. None of the web sites, news articles, radio shows, etc. brought up the fact that this new system only helps the young drivers, and shitty drivers.

well the point was to make insurance rates affordable for everyone. If you already have a decent rate then be happy you've been paying peanuts for the last few years, if not be happy that you'll actually have some money left over after paying your insurance bill

[Maxt]

Yes it does nothing for people who actually drive well..
Another problem is that it doesn't lean on the whole insurance industry, sure the government can tell the insurance industry to back off on sectors of the auto insurance program price wise, just watch your property insurance, liablity insurance and risk insurance sky rocket to make up the ground lost on the other areas.. The whole insurance remodelling was alot of smoke and mirrors, that accomplishes nothing in the end..
Ps: Pat Nelson is a total moron, she didn't even understand what she was talking about when she was on qr77, her responses were scripted, closed looped, and having Rutherford the Klein apologist interview her was just perfect...for her...Maxt

[rage2]

Originally posted by rice_eater
well the point was to make insurance rates affordable for everyone. If you already have a decent rate then be happy you've been paying peanuts for the last few years, if not be happy that you'll actually have some money left over after paying your insurance bill
Let me guess, you're one of the ones currently paying too much for insurance?

Insurance works by assessing Risk, and putting a $ amount to that risk. It's like the casino, it's a gamble that the insurnace company will profit from the deal. Forcing the premium and taking risk out of the equation breaks the whole risk assessment model of insurance, changing it into a subsidy model.

It's like buying insurance for Michael Schumacher or other F1 drivers. These guys pay HUGE money for life insurance in case they have an accident (so they still get paid). Why? Because their job is risky. Should they pay the same life insurance rates as me, who works in an office job? No. Because my peers and risk group pays for my payouts if I need it, and MS and his peers pay for his payout if he needs it.

[m10-power]

Originally posted by rice_eater


well the point was to make insurance rates affordable for everyone. If you already have a decent rate then be happy you've been paying peanuts for the last few years, if not be happy that you'll actually have some money left over after paying your insurance bill

People just don't get it, I'm paying decent rates because I earned them due to never having an accident or points from tickets. Guess what I paid through the nose when I started driving as well. Now I will most likely get hit, home, life, and probably auto insurance is going to increase, so some can get a 'unearned' break. Sounds like a good deal eh?

[rage2]

Originally posted by m10-power
People just don't get it, I'm paying decent rates because I earned them due to never having an accident or points from tickets. Guess what I paid through the nose when I started driving as well. Now I will most likely get hit, home, life, and probably auto insurance is going to increase, so some can get a 'unearned' break. Sounds like a good deal eh?
It's a great deal for rice_eater!

http://forums.beyond.ca/showthread.php?threadid=30864

[m10-power]

Originally posted by rage2

It's a great deal for rice_eater!

http://forums.beyond.ca/showthread.php?threadid=30864

Ya exactly my point, we have some of the worst drivers I've ever seen, I just wish I had the money to bankroll my own liability coverage. Insurance is a crock, mostly due to people that can't drive, then blame everthing but themselves...

[cujo_cjc]

Well im in that 'young drivers' bracket and im happy that the rates will drop for me even more
I can see where you other 'more experienced' drivers are coming from

Im one of the few people who have been working since grade 8 (part time) and have saved and saved cuz i knew i wanted a car to buy with that money when i got the opportunity. And I want to be able to buy a car that i enjoy driving without having to pay an outrageous amount which would total the price of my car in a couple years! :thumbsdow

Now ive been driving almost 2 years now (turn 18 in november) but i can honestly say i am a good driver compared to LOTS of other idiots out there
I rarely ever drive excess the speed limit and when i do its like 10km/h over it
But yet i still get yahoos tail gating me, giving me dirty looks, like im doing something wrong? :dunno:

I dont really like that fact that Im paying the same rate as some of my friends who drive like idiots and some older peopl too :whipped:

So isnt that what this new system is for? To charge you a basic premium based on your driving record and how many tickets you have? I know the rates go up for you older guys but how much will they really go up? That im not sure of...

[GQNammer]

I've never hit anyone, gotten 2 people who rear ended me. I've had one speeding ticket and that was going 117km/h on deerfoot.
I've been driving for over 4 years. I drive an 88 crx si. I pay 290/month for PLPD. Now tell me is that fair?

[Ben]

so whats the deal...it doesn't matter what you drive now?

according to that I'm going to go from paying 2100/yr to 1530.

What about motorcycles?

[Weapon_R]

Originally posted by rage2

I've been bitchin' about it for the last 12 months with nobody listening :banghead:.

That's cuz none of us here mind, grampa funk!

[rage2]

Originally posted by GQNammer
I've been driving for over 4 years. I drive an 88 crx si. I pay 290/month for PLPD. Now tell me is that fair?
Sure it is. You're in a high risk bracket. Your good driving makes up for the bad driving of others in your risk bracket. We've all been in that bracket before. Hell, I used to pay $7k a year for insurance until my mid 20's, and had no accidents.

Driving is a privilage, not a right. If you can't afford it, don't drive. Don't put the burden on others just because you can't afford it.

I can't afford an Enzo, can you guys buy me one? I can't live without an Enzo, I can't get to work without an Enzo. :nut:

Replace Enzo with driving, and you've got the argument of all the young/crappy drivers out there. Doesn't make much sense.

[Gonthro]

Originally posted by rage2

Sure it is. You're in a high risk bracket. Your good driving makes up for the bad driving of others in your risk bracket. We've all been in that bracket before. Hell, I used to pay $7k a year for insurance until my mid 20's, and had no accidents.

Driving is a privilage, not a right. If you can't afford it, don't drive. Don't put the burden on others just because you can't afford it.

I can't afford a Ferrari Enzo, can you guys buy me one? :nut:

but thats BS its basically guilty of a crime you have not and are likely not to commit so you have to pay the time because at some times you "may" commit the crime its bullshit, i agree that people who have been in at fault accidents should pay out the ass for insurance, but i dont think people should be penalized because of thier age... its "legal" descrimination.

[rage2]

Originally posted by Gonthro
but thats BS its basically guilty of a crime you have not and are likely not to commit so you have to pay the time because at some times you "may" commit the crime its bullshit, i agree that people who have been in at fault accidents should pay out the ass for insurance, but i dont think people should be penalized because of thier age... its "legal" descrimination.
Dude, it's not a crime. It's called RISK ASSESSMENT. The basis of how insurance works. Life insurance, home insurance, etc. all work the same way.

The new system is basically a subsidy system. Like health care, taxes, U of C buspass, etc. Overall, it's not a fair system.

Like I said, driving is a privilage, not a right. Just like owning an Enzo is a privilage, not a right. If I can't afford an enzo, I can't put the burden on others to get me what I want because I whined enough.

[sputnik]

Anyone under 25 complaining about insurance is wasting their breath (or typing fingers).

We have all been there and done that. When I moved to calgary I was paying $3200/yr on my beater cutlass and was 22. Now I am 25 and paying $500/yr. However, it looks like that might change soon.

I'm with rage2 on this one.

[googe]

Originally posted by rage2

Like I said, driving is a privilage, not a right. Just like owning an Enzo is a privilage, not a right. If I can't afford an enzo, I can't put the burden on others to get me what I want because I whined enough.

That really is a horrible analogy and you know it :)

I think if your rates dont increase in october or january you have to buy me a beer :D

[rage2]

Originally posted by googe
That really is a horrible analogy and you know it :)
It's a great analogy! ;)

Maybe I should start to bitch about my home insurance. They're charging me more than others because I have a lot of expensive shit in the house, and I want it covered. NOT FAIR!!! :D

[googe]

Originally posted by rage2

It's a great analogy! ;)

Maybe I should start to bitch about my home insurance. They're charging me more than others because I have a lot of expensive shit in the house, and I want it covered. NOT FAIR!!! :D

Hey I'll jump on that bandwagon! Opposite for me though, my premium is based on coverage of like 100k worth of posessions or something, which I dont come close to owning! Even if I count my car! Why cant I pay less then :cry:

Haha

[Gonthro]

Originally posted by googe


Hey I'll jump on that bandwagon! Opposite for me though, my premium is based on coverage of like 100k worth of posessions or something, which I dont come close to owning! Even if I count my car! Why cant I pay less then :cry:

Haha

we weren't even really talking about the value of the insured merchandise to be gin with, it was about the age descrimination... i just dotn understand why they have to charge so much for young people, if you get in an accidnet they jack up your rates until you pay off the full amount that you cost them, so why must the premiums be so expensive?

[Dirty_SOHC]

I just spoke to my insurance, and they have quoted my a premium drop for october to 800.00 a year beacuse I turn 25 Oct 9. This is a nice drop for me:)

[googe]

Originally posted by Gonthro


we weren't even really talking about the value of the insured merchandise to be gin with, it was about the age descrimination... i just dotn understand why they have to charge so much for young people, if you get in an accidnet they jack up your rates until you pay off the full amount that you cost them, so why must the premiums be so expensive?

no, rage and i went off topic the last 2 posts talking about HOME insurance :) ive already filled the previous auto insurance threads with my ranting, as well as starting some of my own, haha, im done now...

[d-UNiT]

Originally posted by sputnik
Anyone under 25 complaining about insurance is wasting their breath (or typing fingers).

We have all been there and done that. When I moved to calgary I was paying $3200/yr on my beater cutlass and was 22. Now I am 25 and paying $500/yr. However, it looks like that might change soon.

I'm with rage2 on this one.

change?.. the only way itll change is by going down.. if you are saying it is going up you are totally lost.. if you read some of shit on websites it says anyone who pays over 1800 will be reduced to 1800 OR less depending on driving record, drivers ed completion in the past 3 years... you all are complaining about paying so much when you were young... doesnt that make you want it to go lower so other people wont have to struggle like all of you did.. if not.. get some humanity

[rage2]

Originally posted by Gonthro
we weren't even really talking about the value of the insured merchandise to be gin with, it was about the age descrimination... i just dotn understand why they have to charge so much for young people, if you get in an accidnet they jack up your rates until you pay off the full amount that you cost them, so why must the premiums be so expensive?
It was a comparison. Think of the value to be insured as "wealth discrimination", and you have the same argument, no matter how retarded it sounds.

As I've said for the 100th time, it's not age discrimination. It's RISK assessment. The under 25 age group IS a lot more susceptable to accidents, that's a proven statistic.

[d-UNiT]

http://www.autoinsurance.gov.ab.ca/calculate.html


the link is working again

[kenny]

Originally posted by rage2
As I've said for the 100th time, it's not age discrimination. It's RISK assessment. The under 25 age group IS a lot more susceptable to accidents, that's a proven statistic.

Now heres an interesting question (i think so anyway), under the old (existing) insurance system, how much do 70+ year olds pay for insurance? Anybody know? I'm curious because if the 70+ age bracket is not significantly higher than the sub 25 age bracket, then it is age discrimination. If the 70+ bracket is higher premiums then it is truly risk assessment. :)

BTW, I am loving the new insurance reforms :rofl:

[Ben]

Originally posted by kenny


Now heres an interesting question (i think so anyway), under the old (existing) insurance system, how much do 70+ year olds pay for insurance? Anybody know? I'm curious because if the 70+ age bracket is not significantly higher than the sub 25 age bracket, then it is age discrimination. If the 70+ bracket is higher premiums then it is truly risk assessment. :)

BTW, I am loving the new insurance reforms :rofl:


Good call...

I'm still waiting on whether it is the same cost for motorcycles as it is for cars, cause if it is, than thats utter horseshit..

[sputnik]

Originally posted by Ben



Good call...

I'm still waiting on whether it is the same cost for motorcycles as it is for cars, cause if it is, than thats utter horseshit..

Insuring motorcycles are the one thing that is seriously backwards in Alberta. IMO the risk of riding a motorcycle is MUCH higher than that of a car. Motorcycle injuries are generally more serious and require much more comprehensive rehabilitation (if the rider(s) actually survive).

In Manitoba motorcycles are double the cost to insure compared to the average car.

[rage2]

Originally posted by kenny
Now heres an interesting question (i think so anyway), under the old (existing) insurance system, how much do 70+ year olds pay for insurance? Anybody know? I'm curious because if the 70+ age bracket is not significantly higher than the sub 25 age bracket, then it is age discrimination. If the 70+ bracket is higher premiums then it is truly risk assessment. :)
70 y/o's do pay higher insurance. Is it higher than < 25? I dunno, but I do know that once they get into 1 accident, they'll get dropped and basically never be eligible for insurance again. A good thing!

Originally posted by kenny
BTW, I am loving the new insurance reforms :rofl:
Fucker! Don't make me post your pictures! :rofl:

[Gonthro]

Originally posted by sputnik


Insuring motorcycles are the one thing that is seriously backwards in Alberta. IMO the risk of riding a motorcycle is MUCH higher than that of a car. Motorcycle injuries are generally more serious and require much more comprehensive rehabilitation (if the rider(s) actually survive).

In Manitoba motorcycles are double the cost to insure compared to the average car.


i think the main reason motorcycle insurance is so much cheaper is because the companies know thye aren't really functional vehicles so they will be used much less often, not be used in the winter, or in icy conditions, where like 90% of accidents occur.

[d-UNiT]

how can you say its risk assesment when even the autoinsurance website says its age based

[rage2]

Originally posted by d-UNiT
how can you say its risk assesment when even the autoinsurance website says its age based
Because the risk is assessed based on age? It's a simple fact that young drivers, as well as new drivers are more prone to accidents.

It's not just age based dude... if I was 25, and just getting my license, the cost of insurance is the same as a new driver at 18 for the first few years. If it was truly age based, new 25 year old drivers would have it cheap as well.

[d-UNiT]

i dont think thats quite true.. if you were 25 just getting your license it wouldnt be the exact same.... but whatever.. hopefully october 1st settles this dispute

as long as you dont say its not sex biased.. i dont really care.. :whipped:

[rage2]

Originally posted by d-UNiT
i dont think thats quite true.. if you were 25 just getting your license it wouldnt be the exact same.... but whatever.. hopefully october 1st settles this dispute

as long as you dont say its not sex biased.. i dont really care.. :whipped:
Actually, it's not how long you've had your license for. It's how long you've been INSURED for. And yes, it's true, there were numerous articles on guys moving back to Canada complaining of high insurance rates because they're treated as new drivers. But that's another story.

Oh, and it's sex biased as well. Women typically had lower rates because as a whole, they had less accidents than men.

[googe]

Originally posted by d-UNiT
i dont think thats quite true.. if you were 25 just getting your license it wouldnt be the exact same.... but whatever.. hopefully october 1st settles this dispute

as long as you dont say its not sex biased.. i dont really care.. :whipped:

While the system isnt perfect, you cant *really* blame their choice of brackets. Even a new 25 year old driver is far far less likely to be doing burnouts in the tims parking lot and racing people in his dads 87 cougar, than say, a 16 year old...

Thank your F&F inspired peers!

[d-UNiT]

and yes i know its sex biased.. but i was saying i dont have anything more to say unless you want to open a real big can of worms and say that there is no gender bias.. lol..

[Gonthro]

its still bullshit... you make a claim, your insurance goes up until you pay off the claim... so why the hell is the initial premium so damn expensive when the claim is eventually paid off by the driver anyways?

[rage2]

Originally posted by Gonthro
its still bullshit... you make a claim, your insurance goes up until you pay off the claim... so why the hell is the initial premium so damn expensive when the claim is eventually paid off by the driver anyways?
Uhh because the initial claim is NEVER paid off by the driver. Example. Buddy gets into 2 accidents. Each accident costs the ins. company $40,000. So the insurance company forked out $80,000. In order for that driver to pay off the debt (plus interest), and let's assume he pays $7000/year insurance, it'd take around 15 years to pay that off. That's not gonna happen, because accident claims lasts for 7 years on record, so worse case he'd pay off around $50,000 at $7000/year.

See how insurance works yet? It's paid off as a whole by other folks that buy insurance. That's how insurance works lol. The reason for risk assessment and risk groups is so that one group of people suffer the blunt of others in their group, otherwise, it becomes a subsidised system when no risk groups exists, such as health care.

The new system is a mixed system... it starts off as a subsidised system, and once you get into the first accident, then it becomes a risk group insurnace system. Only problem is, somebody has to pay for the initial risk of a young driver that DOES get into an accident. Who pays for that? The rest of us...

This new system would work if there was no maximum mandated base rate set by the government. What would happen is the "grid" system is a totally separate group, and the risk of the new driver getting in an accident is accepted by the rest of the folks on the grid. But because there's a max. base rate set, the incoming $ would be significantly less than outgoing $, and more incoming $ would come from people buying insurance off the grid system. But then, you guys would bitch about insurance being unaffordable once you get into your first wreck...

If it's gonna be paid off by the guy that makes the claim, insurance itself wouldn't exist. Loans to pay off damages would exist.

[d-UNiT]

say after the new insurance benefits.. i get into an acciedent.. but i was rear ended.. and it wasnt my fault... would that then make me a high risk still?.. or not.. because the other persons coverage will be taking care of me?

[rage2]

Originally posted by d-UNiT
say after the new insurance benefits.. i get into an acciedent.. but i was rear ended.. and it wasnt my fault... would that then make me a high risk still?.. or not.. because the other persons coverage will be taking care of me?
Old or new system, we still run an at-fault system. Which means if you get rear ended, the rear party pays for everything, and you don't have an at-fault claim on record.

[d-UNiT]

k good thats what i figured.. so did anyone else talk to their broker to see about october1st

[rage2]

I've talked to mine, and they're expecting an increase for me because they're getting rid of some of the discount systems. I'm heavily discounted because my wife is considered a professional working as a radiologist, and she has a university degree.

The increase doesn't happen until the next renewal for me, so I wont see an increase till March.

[d-UNiT]

really?.. that sucks bud i was unaware of the discounts..

i was hoping someone would give some good news about the insurance "reform" on oct1.. like if it would be put into power that exact day because as i said before the insurance agent said it probably wouldnt be until january.. which makes no sense to me

[Gonthro]

Rollback to Grid Rates for Mandatory Coverage on October 1, 2004
Less experienced drivers will have their rates for compulsory insurance rolled back to the new grid rates for the period from October 1, 2004 until their current policy ends. If they pay monthly, their payments will be reduced to the grid rate for the balance of the policy. If they have already paid in full, they will receive a rebate payment by January 31, 2005.

When their policy renews after October 1, 2004, the rate will remain capped at the grid rate for mandatory coverage. Rates for optional collision and comprehensive insurance will remain frozen.

The grid maximums drop for each year of safe driving, so these drivers should see a further reduction on renewal if they have had a clean record for the previous year. If they have had an at-fault accident, or traffic tickets, their rates will rise.

Compulsory insurance rates will be rolled back a minimum of five per cent for drivers who do not have traffic-related criminal code convictions, and rebates or reduced monthly payments will apply to the remainder of policies from October 1, 2004, to the end of each policy.

[googe]

Originally posted by rage2
I've talked to mine, and they're expecting an increase for me because they're getting rid of some of the discount systems. I'm heavily discounted because my wife is considered a professional working as a radiologist, and she has a university degree.

The increase doesn't happen until the next renewal for me, so I wont see an increase till March.

DISCOUNTS ARE A PRIVILEGE NOT A RIGHT ;)

[d-UNiT]

thanks gontro you put it all into perspective.. the only reason why the month january was mentioned is for the people who are paying yearly.. not monthly? so that they get their rebates?.. whats the point of paying yearly anyways?.. is it cheaper or something.. why not pay monthly.. just in case something happens with your car and you cant drive it..

[Gonthro]

Originally posted by d-UNiT
thanks gontro you put it all into perspective.. the only reason why the month january was mentioned is for the people who are paying yearly.. not monthly? so that they get their rebates?.. whats the point of paying yearly anyways?.. is it cheaper or something.. why not pay monthly.. just in case something happens with your car and you cant drive it..


some people dont get the option to pay monthly...

[rage2]

Originally posted by googe
DISCOUNTS ARE A PRIVILEGE NOT A RIGHT ;)
lol you got me there! :rofl:

Bitch! :D

[d-UNiT]

why cant some people pay monthly?.. whats the deal on that?

[lint]

Originally posted by d-UNiT
why cant some people pay monthly?.. whats the deal on that?

It depends on the insurance company and whether or not they allow you to pay on a monthly basis. Higher cost of business to do monthly payments.

As an old guy, I will be pissed if my insurance rates go up. I think I need to call my broker.

[d-UNiT]

man i dont know what anyone is talking about rates going up.. if you are paying under 1800$ your rates will most likely go untouched.. call your agent and prove me right

[Gonthro]

Originally posted by d-UNiT
man i dont know what anyone is talking about rates going up.. if you are paying under 1800$ your rates will most likely go untouched.. call your agent and prove me right


Originally posted by lint

As an old guy, I will be pissed if my insurance rates go up. I think I need to call my broker.

"as an old guy" he probably pays like $500 a year, but as in rages situation he probably had multicar discounts, and loyalty discountes ect....

[d-UNiT]

yeah rage.. is screwed.. lol..

[lint]

Originally posted by Gonthro




&quot;as an old guy&quot; he probably pays like $500 a year, but as in rages situation he probably had multicar discounts, and loyalty discountes ect....

Yep, multi vehicle, professional discounts, etc. And yeah my insurance is somewhere in the area of $500 a year. just because I don't pay $1800 a year or $5000 a year for insurance doesn't mean I don't have cause for complaining of a rate increase. If my insurance was $5000 a year, I sure as hell would be taking the bus. Say $800 a year in bus passes compared to $3000 for insurance, plus gas plus maintenance., plus miscellaneous expenses. By the time you're in your early 20's you'd have saved enough money to put a nice down payment on a house.

[civicluva]

My insurance has not went down in 4 years. I have no tickets, no claims or anything. :thumbsdow I have complained numerous times (Allstate insurance).

It gets better -- A fucker (hit and run) whipped the rear of my Civic a year ago in a parking lot causing major trunk damage. I didn't even file the claim, paid over $700 for the repairs. My insurance is just the regular (not full) and I pay a whooping $4100 a year for a damn Civic DX! Argh! :cry:

[d-UNiT]

shitty deal man.. i dont know how that is possible.. not getting your rates lowered.. but .. switch insurance companies.. or call other brokers and see what you can get with your experienced being insured already?

has this not crossed your mind?

[JeremyD]

I could be wrong as I haven't done a lot of research but based on the Alberta government website it looks like only the PLPD insurance is affected.

This quote from the site...

Compulsory insurance rates will be rolled back a minimum of five per cent for drivers who do not have traffic-related criminal code convictions

Okay so the base is now dropped. Is there anything that stops the comprehensive coverage from jump 5% or more to compensate for the lower rates?

[H4LFY2nR]

Originally posted by civicluva
My insurance has not went down in 4 years. I have no tickets, no claims or anything. :thumbsdow I have complained numerous times (Allstate insurance).

It gets better -- A fucker (hit and run) whipped the rear of my Civic a year ago in a parking lot causing major trunk damage. I didn't even file the claim, paid over $700 for the repairs. My insurance is just the regular (not full) and I pay a whooping $4100 a year for a damn Civic DX! Argh! :cry:

You should have been able to go through insurance for the repairs because it was not your fault. My mom's van got hit and run in a parking lot and she was always too afraid to go through insurance for fear of having a claim against her. Finally she asked about it and our insurance company (Liberty, now part of TD) said that it could be fixed as a no fault claim, costing her only the deductable. She doesn't have full coverage on it either.

[Wakalimasu]

Originally posted by Ben
so whats the deal...it doesn't matter what you drive now?

according to that I'm going to go from paying 2100/yr to 1530.

What about motorcycles?

No, the required portion is regulated by the government. The collision/comprehensive side of the equation is still regulated by the insurance company. So the insurance company will charge you which ever is cheaper of the 5% province wide reduction on liability and accidents benefits or the new grid rate.

[Wakalimasu]

Originally posted by JeremyD
I could be wrong as I haven't done a lot of research but based on the Alberta government website it looks like only the PLPD insurance is affected.

This quote from the site...

Compulsory insurance rates will be rolled back a minimum of five per cent for drivers who do not have traffic-related criminal code convictions

Okay so the base is now dropped. Is there anything that stops the comprehensive coverage from jump 5% or more to compensate for the lower rates?

Yes, it's only the liability and accident benefits portion. Whichever is cheaper, 5% rollback or the new Grid system.

The collision and comprehensive portion is locked until September 30th, 2005.

[Wakalimasu]

Originally posted by d-UNiT
really?.. that sucks bud i was unaware of the discounts..

i was hoping someone would give some good news about the insurance &quot;reform&quot; on oct1.. like if it would be put into power that exact day because as i said before the insurance agent said it probably wouldnt be until january.. which makes no sense to me

The insurance company has until February 1st, 2005 to get all the rebates and what not out.

The new rates do go into effect until October 1st, it's just the insurance company have about 20,000 people in front of you they need to process, re-rate, see if which is cheaper, grid rate or 5% discount rate. Their current system does not have a "Grid rate" variable. It's something new that the government of Alberta made up. So they will still use the star rating driving record and the new grid system. Every person will have basically 2 records, one of the old and one of the new. Things were being revised as of last Friday, so the insurance companies are not getting the full rules until near October 1st. The insurance company can't promise anything because they do have until February 1st, 2005. Most likely they will get it all done within a month or 2, but you got to realize they have a lot of clients as well.

You will most likely get a lump sum back or have a cheaper monthly payment or have your policy paid off, it's just that it will take time to process it all.

[d-UNiT]

k.. i guess that helps.. but lets say i want to put insurance on a car october 2nd.. would my rates start with the grid or the previous method. because before i was quoted 5600$/yr .. and with the grid ill be sizably cheaper.. because the most i can be quoted is 1800.. + the fact that i have driver training...

[Zero102]

I can't wait for the grid rates to come into effect. It's great that they drop 5% for every accident-free year, so I should be paying 1800 - 20% for my PLPD, compared to the $3200 I'm paying now. That will be one hell of a nice break. Although, if most insurance companies aren't introducing it until Jan 1, then mine won't get around to it until sometime next summer. Dominion of Canada General Insurance Company is one of the worst out there. They are so slow, and fight every single claim to the death.

[Wakalimasu]

Originally posted by d-UNiT
k.. i guess that helps.. but lets say i want to put insurance on a car october 2nd.. would my rates start with the grid or the previous method. because before i was quoted 5600$/yr .. and with the grid ill be sizably cheaper.. because the most i can be quoted is 1800.. + the fact that i have driver training...

If you want insurance on the 2nd, we can give you the new price. All new business will be on the grid rate, it's just existanting policies will have trouble re-structuring. If you cancel early on existing policies and want to get the grid rate, you will be penalized for it unless you are in facility association, so it's better to wait on the existing policy, even though it will take some time for the new rate to come into effect.