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Secondly, I received a speeding ticket from the California Highway Patrol on Saturday. He ticketed me for doing 80 in a 70. 9+ over is a $200 fine. I currently have a clean-driving record with Geico.
Question: Should I pay the extra money and take the traffic school online or eat the points? How much should my insurance go up? I am 31 years old and have normal coverage on a 2002 Toyota Tacoma 2WD. Thanks!
Secondly, I received a speeding ticket from the California Highway Patrol on Saturday. He ticketed me for doing 80 in a 70. 9+ over is a $200 fine. I currently have a clean-driving record with Geico.
Question: Should I pay the extra money and take the traffic school online or eat the points? How much should my insurance go up? I am 31 years old and have normal coverage on a 2002 Toyota Tacoma 2WD. Thanks!
It really depends upon how often Geico runs your Motor Vehicle Report (MVR). Companies like Allstate, State Farm, and Farmers run your MVR at the policy's inception, then after that it's frequency is random unless your convicted of a felony (DUI, Vehicular Man Slaughter, etc.) or you report to your agent that there was a change. Progressive is the only insurance company that I know for fact runs your MVR every six months upon renewal.
Personally, I would never eat the points if you don't have to. Speeding is a moving violation that will tack on a hefty surcharge (an average 30% increase) to your automobile insurance premium for 36 months.
Do you mean why are auto policies 6 months, or why can't you be billed monthly for your premium?
The latter, but the former is a good question, too.
Are there companies that do monthly billing? I bet there are a lot of people who forget to budget for that insurance payment. Seems like it would be a benefit to the companies (though they'd lose the interest float).
Are there companies that will give you policies for longer than six months? Most other kinds of businesses will give you a lower rate if you sign for a longer term.
Do you have to give up your soul before going into insurance or does the job rip it out of you?
My sister-in-law recently passed away leaving my brother alone with 4 kids. Well here's the kicker she had life insurance that they had purchased 2 months before she got sick and a year before she died. Now this insurance company continued to take the monthly premium from my brother while his wife was sick but when she died refused to pay the claim because they said she wasn't covered long enough. Something about she had to be on the policy for 30 days before she was diagnosed with terminal cancer and the first month they paid doesn't count for some reason only the second month actually counts toward your time and she went into the hospital 30 days into the second month so they said if she had waited one day they would pay but since she didn't (even though they had the policy for 60 days and had paid two premiums) they refused the claim.
Heartless bastards.
Oh and they won't refund the premiums.
__________________ "I carry a gun because a cop is too heavy".
The latter, but the former is a good question, too.
Are there companies that do monthly billing? I bet there are a lot of people who forget to budget for that insurance payment. Seems like it would be a benefit to the companies (though they'd lose the interest float).
Are there companies that will give you policies for longer than six months? Most other kinds of businesses will give you a lower rate if you sign for a longer term.
I didn't realize that there were insurance companies left that didn't offer monthly billing. Our billing actually defaults to a monthly billing cycle.
Who is your current carrier (just out of curiosity?)
There are insurance companies that offer annual policies for automobile insurance, State Farm and Hartford come immediately to mind. But I think they only offer it if you have a homeowners policy with them as well.
Most insurance carriers run automobile policies for 6 months instead of yearly due to the fact that there is more opportunity for underwriting changes (see: rate hikes) with autos than homes.
Everything in the insurance world is statistically based (biased?) kind of like blackjack.
I didn't realize that there were insurance companies left that didn't offer monthly billing. Our billing actually defaults to a monthly billing cycle.
Who is your current carrier (just out of curiosity?)
There are insurance companies that offer annual policies for automobile insurance, State Farm and Hartford come immediately to mind. But I think they only offer it if you have a homeowners policy with them as well.
Most insurance carriers run automobile policies for 6 months instead of yearly due to the fact that there is more opportunity for underwriting changes (see: rate hikes) with autos than homes.
Everything in the insurance world is statistically based (biased?) kind of like blackjack.
I'm with Progressive now, but it's kind of complicated. They probably do offer monthly payments, but it's more expensive. Dunno.
Another question: what should an insurance agent do if he/she finds out that the check he wrote to pay a body shop for repairs to a car was stolen?
I didn't realize that there were insurance companies left that didn't offer monthly billing. Our billing actually defaults to a monthly billing cycle.
Who is your current carrier (just out of curiosity?)
There are insurance companies that offer annual policies for automobile insurance, State Farm and Hartford come immediately to mind. But I think they only offer it if you have a homeowners policy with them as well.
Most insurance carriers run automobile policies for 6 months instead of yearly due to the fact that there is more opportunity for underwriting changes (see: rate hikes) with autos than homes.
Everything in the insurance world is statistically based (biased?) kind of like blackjack.
21st Century doesn't offer monthly billing for the entire six months. I have to pay the whole premium in the first 4 months. But it is nice to have no insurance payment the other two months.
__________________ "I carry a gun because a cop is too heavy".
Do you have to give up your soul before going into insurance or does the job rip it out of you?
My sister-in-law recently passed away leaving my brother alone with 4 kids. Well here's the kicker she had life insurance that they had purchased 2 months before she got sick and a year before she died. Now this insurance company continued to take the monthly premium from my brother while his wife was sick but when she died refused to pay the claim because they said she wasn't covered long enough. Something about she had to be on the policy for 30 days before she was diagnosed with terminal cancer and the first month they paid doesn't count for some reason only the second month actually counts toward your time and she went into the hospital 30 days into the second month so they said if she had waited one day they would pay but since she didn't (even though they had the policy for 60 days and had paid two premiums) they refused the claim.
Heartless bastards.
Oh and they won't refund the premiums.
Well that, quite simply, sucks (like you need me to tell you that.)
As far as my soul is concerned, I'm an agent so my job is to tell people "yes." Underwriting/claims people (the folks that made the decision on your brother's claim) are there to say "no."
Not that this is a dodge, but I am not licensed for Life or Health insurance. So digging into the particulars could get me into big trouble, especially if I offered any specific advise to your situation.
However, I would recommend that your brother contact the State Insurance Department for the state he lives in, and see if there is any recourse in this situation. I can look that up for you if you wish.
I'm with Progressive now, but it's kind of complicated. They probably do offer monthly payments, but it's more expensive. Dunno.
Most companies are going to charge a fee to bill monthly. It's just the nature of the beast so to speak.
Quote:
Originally Posted by krepitch
Another question: what should an insurance agent do if he/she finds out that the check he wrote to pay a body shop for repairs to a car was stolen?
Do you mean if the check was stolen? Then I would cancel that check, and reissue a new one. Some companies may have different rules that may require a certain time frame to pass before reissuing a settlement check.
Now, if the stolen check was cashed it falls into a more dicey situation. Ultimately you would still get the repairs paid for, but it wouldn't be cut-and-dry. It would more than likely take some time for the claims handler to conduct an investigation.
21st Century doesn't offer monthly billing for the entire six months. I have to pay the whole premium in the first 4 months. But it is nice to have no insurance payment the other two months.
Every company is different. But it makes sense to want the money up front to invest for a return so they can remain profitable.
Our billing actually defaults to a monthly billing cycle.
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