First sign that the new insurance reforms don't work.

[rage2]

No names to protect the innocent/guilty .

So this guy I know, used to pay $2600/year in insurance part time under parents. Over a span of 2 years, he cost the insurance company over $100,000 in claims. Not to mention large speeding tickets. I'd classify that as a "shitty driver".

Oct rules, he can't be denied, and his insurance has dropped to $700/year under the grid. Gotta love how the new system rewards shitty drivers.

[Ed the SOHC]

Weak! Man, I used to pay $5000/yr when I was 19 years old. I was a "shitty driver" but I paid dearly for it....

[Rav4Guy]

shitty drivers will have their rate increased once they make a claim.... and the rest of us.. well.. keeps paying a nice low fee.

[roopi]

Here is an explanation of all the premiums. Not to sure if it has been posted before:

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

[QuasarCav]

I saw a 200 dollar drop.

21
No accidents
PLPD 87 Integra
2 speeding tickets

[Proyecto2000]

ima call n see how much ima pay now I hopew its atleast $500 cheaper

[el-nino]

Does it drop automatically? or do i have to start a new policy??

[Aleks]

I can't wait to turn 25! My insurance will drop 50%!!! woo hoo

[sputnik]

$2600/month

Anyone paying that much shouldnt be allowed behind the wheel.

[91_Integz]

My liability dropped $684 per year. I'm happy.


This new insurance reform is how insurance should have been in the beginning.....everyone is so pissed because "shitty drivers" get good rates now....well they have paying out the ass until now....it all works out in the end

[Boosted_TL]

I dropped 50% / Year !!

Oh yeah and anyone paying 2600/ month to drive ?? Thats gotta be a mistake....

[rage2]

Originally posted by 91_Integz
This new insurance reform is how insurance should have been in the beginning.....everyone is so pissed because "shitty drivers" get good rates now....well they have paying out the ass until now....it all works out in the end

Well shitty drivers should pay out the ass. Or not even be able to get insurance.

It's like trying to buy hurricane insurance in florida. Ain't gonna happen.

[91_Integz]

Originally posted by rage2

Well shitty drivers should pay out the ass. Or not even be able to get insurance.

It's like trying to buy hurricane insurance in florida. Ain't gonna happen.

I agree, but the a reform has to start somewhere right?...so those shitty drivers should consider them selves very lucky....but if a shitty driver continues they way they are this new reform will kill them

[Melinda]

Originally posted by el-nino
Does it drop automatically? or do i have to start a new policy??

I would like to know this as well. I just renewed my insurance last month to take effect on the 1st of october and there was no change...I have no tickets, no accidents and I have been driving for over 3 years.

[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.

[bol]

What broker is the guy going through and what's he driving?

PLPD on my 328 is 2355/year.

[sputnik]

Originally posted by 91_Integz

This new insurance reform is how insurance should have been in the beginning.....everyone is so pissed because "shitty drivers" get good rates now....well they have paying out the ass until now....it all works out in the end

Then who is going to cover the losses that the insurance companies take as a result?

The good drivers THATS WHO. So people like me and rage2 who are over 25 with relatively clean records will end up paying more so that shitty drivers dont have to pay as much.

Shitty drivers should take the bus.

[QuasarCav]

Originally posted by sputnik


Then who is going to cover the losses that the insurance companies take as a result?

The good drivers THATS WHO. So people like me and rage2 who are over 25 with relatively clean records will end up paying more so that shitty drivers dont have to pay as much.

Shitty drivers should take the bus.

Older people have more money.

It's crippling even for joe 16 year old who will never speed and drives just like you do.

I know it's kind of a pay your dues when your young and get rewarded when older situation.

[Kid_a]

How have you all found out how much your insurance went down?

[91_Integz]

Originally posted by sputnik


Then who is going to cover the losses that the insurance companies take as a result?

The good drivers THATS WHO. So people like me and rage2 who are over 25 with relatively clean records will end up paying more so that shitty drivers dont have to pay as much.

Shitty drivers should take the bus.

Are your premiums going up? I am under 25 and have a clean record so why should I pay more than you? That's what the new reform is for. Do you not agree?

I agree shitty drivers should take the bus, however once the shitty drivers continue to driver shitty under this new reform everything will balance out and people will pay what they deserve to pay, based on their driving record. I don't know why this policy was in place in the first place.....its really the only thing that makes sense