Car Insurance Master Thread

[rivkao]

 

Never made a claim with geico, but boy were they cheap compared to everyone else. I pay $300 per 6 months for 2 cars.

Wow! That's cheap! I pay over four times as much for one car! That's how it is when you live in NYC!

[YSP]

Wow! That's cheap! I pay over four times as much for one car! That's how it is when you live in NYC!

Those are the rates in OH. The main difference is location but also NY requires much higher coverage on medical payments and lost wages than in OH

[DK23]

Those are the rates in OH. The main difference is location but also NY requires much higher coverage on medical payments and lost wages than in OH

Driving in the city is much more expensive than the suburbs in NY.  Then on top of that anywhere out of the tri state area is going to be more affordable.

[Shmelly]

Got a bit of a sticky situation on my hands and would appreciate any (practical, not ethical) advice.

I'm an Ohio resident according to my license, so for the past 8+ years I've kept my cars registered in OH at the address on my license, which is my parents' legitimate residence.  This has allowed me to pay OH insurance despite living in NY, saving some 50 grand in the process. Unfortunately, my wife was in an accident in December, and after paying out for the claim Nationwide sent me a termination notice stating that they have now determined that I garage the car in NY. This leaves me with a few questions:

1. Anyone ever hear of an insurance company coming after a customer retroactively for claims already paid?
2. Similarly, do they have any grounds for coming after me now to pay said 50 grand that I had saved?
3. Can I simply switch to a different insurance company in OH, or is there some sort of official record now showing every insurance company where I live?

Thanks.

[AJK]

Sorry to be the bearer of bad news, but what you've done is essentially insurance fraud.

I've posted this before:

Guy from Brooklyn I know owned a Ferrari. Lives the summers in Deal. Registered car in NJ to save on insurance. Guy totals said $300,000 Ferrari. Guy makes claim on Insurance.

Insurance investigates. Insurance offers guy two options:

1) We'll pay you the $300,000 and report you for insurance fraud, risking a decade or so in Rikers; or
2) Eat the loss.

He ate it.

At this point, you'd be foolish to keep paying OH insurance, if you even can. <-- That's practical advice.

[YSP]

Sorry to be the bearer of bad news, but what you've done is essentially insurance fraud.

+1

[aaa]

Got a bit of a sticky situation on my hands and would appreciate any (practical, not ethical) advice.

I'm an Ohio resident according to my license, so for the past 8+ years I've kept my cars registered in OH at the address on my license, which is my parents' legitimate residence.  This has allowed me to pay OH insurance despite living in NY, saving some 50 grand in the process. Unfortunately, my wife was in an accident in December, and after paying out for the claim Nationwide sent me a termination notice stating that they have now determined that I garage the car in NY. This leaves me with a few questions:

1. Anyone ever hear of an insurance company coming after a customer retroactively for claims already paid?
2. Similarly, do they have any grounds for coming after me now to pay said 50 grand that I had saved?
3. Can I simply switch to a different insurance company in OH, or is there some sort of official record now showing every insurance company where I live?

Thanks.

How did they determine that you keep it in NY?

[rivkao]

I got a quote from Geico for about half of what I'm paying now. ($700 lwss for half a year!) I checked all benefits and looks like same. Does it make sense? Should I purchase it?

Had a weird story. Wanted to purchase the cheap offer that they gave me. After I gave payment info they said that offer nearly tripled!! I declined it, and tried again for a different offer ( about same like first) This time it went through. Do you think they'll still add more charges after they approved me?

[bkKarachi]

Does it make a difference in the insurance price if I'm 21 as appose to 20
Also is there any way of co signing an older driver and bring down the cost of the insurance?

[smee123]

Does it make a difference in the insurance price if I'm 21 as appose to 20

I think it does

[avrumy22]

Had a weird story. Wanted to purchase the cheap offer that they gave me. After I gave payment info they said that offer nearly tripled!! I declined it, and tried again for a different offer ( about same like first) This time it went through. Do you think they'll still add more charges after they approved me?

dont see how they could. I use geico and they were the cheapest. I pay the rate they quoted. BTW they have a student discount  .

[YSP]

dont see how they could. I use geico and they were the cheapest. I pay the rate they quoted. BTW they have a student discount  .

They can and they will.

Every company offers good student discounts

[Shmelly]

Sorry to be the bearer of bad news, but what you've done is essentially insurance fraud.

I've posted this before:

Guy from Brooklyn I know owned a Ferrari. Lives the summers in Deal. Registered car in NJ to save on insurance. Guy totals said $300,000 Ferrari. Guy makes claim on Insurance.

Insurance investigates. Insurance offers guy two options:

1) We'll pay you the $300,000 and report you for insurance fraud, risking a decade or so in Rikers; or
2) Eat the loss.

He ate it.

At this point, you'd be foolish to keep paying OH insurance, if you even can. <-- That's practical advice.

I appreciate the advice, but I'd call that pragmatic, not practical. I am still left looking for answers to my questions:

1. Anyone ever hear of an insurance company coming after a customer retroactively for claims already paid?
2. Similarly, do they have any grounds for coming after me now to pay said 50 grand that I had saved?
3. Can I simply switch to a different insurance company in OH, or is there some sort of official record now showing every insurance company where I live?

[SPLP]

I appreciate the advice, but I'd call that pragmatic, not practical. I am still left looking for answers to my questions:

1. Anyone ever hear of an insurance company coming after a customer retroactively for claims already paid?
2. Similarly, do they have any grounds for coming after me now to pay said 50 grand that I had saved?
3. Can I simply switch to a different insurance company in OH, or is there some sort of official record now showing every insurance company where I live?

your pt 3-- WOW--guess u  have not learned --u still think ur playing with a $100 amex claim next time u may wind up in jail you admit you beat them out of 50k

Have no experience with your situation -- my 2 cents worth --  I think they can come after you , it is Fraud -- but will they? --- insurance co are subject to all kind of laws/regulations  and they follow them AND  remember ---they "investigated"  and found out you lied -- large Co's have "in house" everything --

not trying to scare you , but "think"  what if ur next accident people get killed who do u think will need to pay --NOT THE INSURANCE CO

[Super Speed]

your pt 3-- WOW--guess u  have not learned --u still think ur playing with a $100 amex claim next time u may wind up in jail you admit you beat them out of 50k

Have no experience with your situation -- my 2 cents worth --  I think they can come after you , it is Fraud -- but will they? --- insurance co are subject to all kind of laws/regulations  and they follow them AND  remember ---they "investigated"  and found out you lied -- large Co's have "in house" everything --

not trying to scare you , but "think"  what if ur next accident people get killed who do u think will need to pay --NOT THE INSURANCE CO

+1 What people would do to save a few bucks.

[Shmelly]

$50K does not =

a few bucks.

[AJK]

It will make that sum look like pennies if faced with a not insignificant stint in the state pen,  b"eh.

[YSP]

I appreciate the advice, but I'd call that pragmatic, not practical. I am still left looking for answers to my questions:

1. Anyone ever hear of an insurance company coming after a customer retroactively for claims already paid?
2. Similarly, do they have any grounds for coming after me now to pay said 50 grand that I had saved?
3. Can I simply switch to a different insurance company in OH, or is there some sort of official record now showing every insurance company where I live?

1.Yes
2. Yes
3.There's a record. They may allow you to purchase a new policy in OH but that will also catch up with you eventually.

[notanonymous]

It will make that sum look like pennies if faced with a not insignificant stint in the state pen,  b"eh.

Do you mean ch'v?

[AJK]

Sure, that works, too.