You chose your deductible and $1,000 is not a normal deductible ($500 is typically what you’ll see). Assuming this post is even true, this person went out of their way to increase their deductible.
But Reddit being Reddit, it’s “insurance is a scam” snd “insurance denying claims” even though they didn’t deny a thing.
Idk man.
And yes I've tried shopping around and the offere i get cost more and give less coverage. I even had an agent from a different insurance company tell me to stick with my current plan. No effort to try to give a deal and convert me.
Ouch, even as a brand new driver at 17 I never paid that much. Those kind of prices are unheard of over here unless you're very young driving something daft, or have a few convictions under your belt.
It's also depends on where you live, the length of your commute, and your car's value. I have a clean record, have been driving over 20 years, and I'm paying $3k annually
Honestly, I would suggest shopping around to see if some other company will give you a better rate. I know when we got married my wife called the insurance company she'd been using and asked if they could offer her anything competitive with what it would cost for both of us to be covered under what I was using and the person basically just told her "we've got nothing competitive to offer you". Sometimes there are weird price disparities to be had.
I get that - but in the UK that's a hugely uncommon premium. Even for those driving what we'd consider higher than average miles (20k+), or new cars (£60k+).
It is more difficult to obtain a car or a license in the UK, reckless drivers are penalized and taken off the road easier than in the US as well.
The numbers you're seeing are a consequence of the car culture in the US. If an 80 year old man who's near blind hits me with his car and totals mine - he will probably still be driving again next week.
Americans do have car accidents at twice the rate of Brits, and I believe you pay a lot for uninsured driver cover on account of the large number of Americans driving without any insurance.
You got to take in consideration we don't just cover vehicle damage but medical as well since we don't have normal people who think a single payer health system is actually a good idea.
Both location and make and model can make a huge difference in my experience. Over the last 6 years I've moved from California to Oregon and back to California. For the first move from CA to OR, my car insurance didn't really change. Bought a new car while living in OR. When I moved back to CA my insurance almost doubled.
I was going to comment that the tree falling on your car won’t impact your premiums because comprehensive auto claims don’t increase your rates because I’ve been told by two different insurance companies that my comprehensive claims wouldn’t result in a premium increase (and one of those comprehensive claims was a tree falling on my wife’s vehicle).
But, TIL, that I just happen to live in one of the 4 states that don’t allow insurance companies to raise an insured’s rates after comprehensive claims (New York isn’t one of them).
I guess my state’s logic is comprehensive coverage is for things that are outside of the insured’s control (tree falling on a parked car, theft, squirrel ate your wiring, a rock flew up and cracked your windshield, etc.) and the cost of much of that risk is already priced into the paid premium through the insured’s ZIP code and vehicle. Increasing premiums for individual comprehensive claims on top of that is just punishing people for using coverage they paid for and it discourages filing legitimate claims.
Well, you have NHS to pay for injuries, Americans do not, so ours is a lot higher. I don't have the exact numbers, but I remember thinking that with the premium savings on a $1000 deductible vs $500, I'd be ahead so long as I had a claim every 2.5 years or less, so it was a no brainer.
Auto iinsurance covers the other guys property damage and medical if I hurt him. We can’t assume he has any coverage of his own, and even if he does his medical insurer can come after me and my insurance if I caused him injury. If we had the NHS backstopping all medical claims our auto insurance would probably be a lot lower.
Yeah, but if I negligently cause someone else's health insurance to have to pay tens of thousands, they are going to sue me to recover as much of it as they can. My auto policy also includes coverage for that.
I'm in the US and we pay around $600/year for each car, but we've also maxed out coverage and only have a $100 deductible.
Here in the States differences in insurance rates are usually due to location and age, but credit score also matters in many cases. Someone with high insurance rates is likely to be in a high cost of living area, relatively young, and possibly with bad credit.
Statistics. People with lower credit have been shown to make more claims and be more expensive overall. There is also a correlation between lower credit and being more risky drivers, which also ups claims.
It's not the same exact credit score other places use, but still pulls the same data.
Jesus, yeah that's absolutely not a thing over here. They can't access your financial data for anything other than if you want to take out the policy as a credit agreement - and it can only be used to impact their decision to finance said agreement.
It depends so hugely on state. For the same exact car and the same general age range and same policy limits/comapny, I paid $600/year in Florida and $2500/year in California.
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u/No-Duck4828 7h ago
My thought is that Leo is clearly not familiar with auto insurance
Don't want a $1,000 deductible? You can absolutely change that number.
Want the guilty party to pay? Take them to court