Aviva is refusing to allow collision on any car over 500hp (split)

[Masked Bandit]

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I don't understand the "hp limit" though. A 150hp car can still cause $50g in injuries, and there's a lot more of them out there.

Ya, I don't get that one either especially because it's not broke ass kids that own & drive high HP (factory) cars. The guy I have to work on has three homes, six vehicles (including his work stuff) and commercial liability coverage. He pays big money for his policies and hasn't had a claim in years. Now I'm going to look into moving the entire portfolio just to prove a point.

[A790]

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Now I'm going to look into moving the entire portfolio just to prove a point.

All you can do is vote and vote with your $$$.

[M.alex]

Are you sure they're just not targeting people they want off the books? They havn't sent me anything this year.

[90_Shelby]

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Yeah. Weird eh? As of April, Aviva is refusing to allow collision on any car over 500hp. I could insure it with basic, but thats out of the question so I gotta switch companies. I work with a broker so I feel I can get a deal elsewhere. Since Aviva tried insisting on paying me out for a regular xf when my last supercharged model got written off, I was considering moving anyway.

I'm on the fence about modding it. 510 seems sufficient with a 0-60 of 4.3, but it goes up to <redacted> Ninja edit on the tuned power. 635 was a claim proven to be false. 60hp more is the best I can expect and even that is optimistic. I'll likely keep it stock.

There is also an XF RS as well? I think they have a bit more power? I had a run in with one last summer, I don't think he was happy with the results.

[Sugarphreak]

...

[Tik-Tok]

The ideal system is where you insure the driver, not the car.

[88CRX]

Aviva jacked my fiancé’s rates by 100% this past renewal with no tickets or claims in over 3 years. Never had an accident and is driving a high HP Honda Fit.

Switched to TD MM for half the price.

[ExtraSlow]

And TD will jack the rates on them withing a few years and you'll need to switch back. Switching is a way of life if you want a deal.

[max_boost]

Baller problems for sure

[ExtraSlow]

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Baller problems for sure

I think my three vehicles together might not have 500hp, lol, and my odyssey is 250 or something.

[roopi]

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And TD will jack the rates on them withing a few years and you'll need to switch back. Switching is a way of life if you want a deal.

Yep this is exactly what you need to do. Just keep switching

[Buster]

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The government mandates you must have insurance, if it was a free market where you could drive without insurance then it wouldn't matter.

If the government mandated you to buy bread from "Bob's Bread Factory" , and then Bob raised all his prices 300 percent and refused to sell to women, then obviously the government has some sort of responsibility there.

To me the ideal system is a base mandatory insurance provided by the government which everyone can get; in addition to an option to use private companies with whatever rules they want. That would control the market, but also keep both private and public pricing in check

You can't wish (or legislate) away the realities of mathematics and economics.

Market forces are still the best way to optimize prices.

Also: the government doesn't mandate you to get insurance. Driving is a privilege, not a right. And the government does not force you to buy a car and insure it.

[ShermanEF9]

I left Aviva because they've pulled all sorts of ridiculous stunts on us. They are a pretty terrible company to deal with these days it seems.

[ExtraSlow]

The government already controls price for the only mandatory insurance.

[revelations]

Time to start considering gender changes. If the insurance corps are that dense, they should realize that I can always identify as a woman (or whatever LQBTQRS4x4) and thus high insurance rates are a form of discrimination.... and they might offer lower insurance.

[spikerS]

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Time to start considering gender changes. If the insurance corps are that dense, they should realize that I can always identify as a woman (or whatever LQBTQRS4x4) and thus high insurance rates are a form of discrimination.... and they might offer lower insurance.

Or raise premiums for females to match males.

[Misterman]

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Yes, because gov't mandated price controls always work out well.

I'm not a fan of government intervention in most cases, but their one job in a free market is to ensure the little guy doesn't get railroaded by large corporations that feel the need to do whatever they please to squeeze every cent they can out of customers. So what is the options on this? Something really does need to be done about Insurance companies in Alberta. I don't know what the answer is, but leaving them to their own devices clearly isn't working when we pay some of the highest rates in Canada and the companies are making billions in profits.

[Zhariak]

You know, it's weird I'm hearing about more and more people have issues with their insurance companies in the last little while.

I was with Intact, and I received my yearly renewal papers and they increased my yearly fees by almost $2,000 out of nowhere. I've been with them since I was 18 (now 32), no accidents, and only have 2 minor convictions on my record. My broker wouldn't do anything (originally told me to call her back in 2 months, because she "can't quote until a month before renewal", and she could figure something out). 4 calls and 2 e-mails to my broker went unanswered after 2 weeks, so I reached out to another broker. I still had to deal with an increase, but it was just under $1,000 increase. I'm now with wawanesa (or however it's spelled).

On the first call to my original broker, she gave me some long winded story about how insurance companies/brokers aren't making money anymore, government will probably be doing government insurance soon and getting rid of private, etc... While I think the majority of what she said was BS, I'm wondering if there has recently been some changes to how drivers are rated, or how companies are evaluating risk. When calling to cancel, I had to call multiple times, and finally call the switchboard to tell them I want to cancel, but I'm not getting a call back. Finally got a call back, and I was told they couldn't find anything lower and that's why she didn't get back to me (again, not sure if this is BS or true).

EDIT/ADD: Always have been, and still at GRID level: -015

[ExtraSlow]

Any broker that won't call back within one business day should be your ex-broker. That's pretty poor.

[Buster]

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I'm not a fan of government intervention in most cases, but their one job in a free market is to ensure the little guy doesn't get railroaded by large corporations that feel the need to do whatever they please to squeeze every cent they can out of customers. So what is the options on this? Something really does need to be done about Insurance companies in Alberta. I don't know what the answer is, but leaving them to their own devices clearly isn't working when we pay some of the highest rates in Canada and the companies are making billions in profits.

That's not their "one job" at all.