Should i claim insurance?

[mazilla]

Originally Posted by SailDesign

Yubbut, Mazilla, if you call up and adjust your deductible to zero, your rates go up.
In the UK, where I grew up, they had what they called a No-Claims Bonus, and after 10 years or so, it could drop your payments to about 50% of the original.

True, but the increase is insignificant if you have a claim...I think mine went up about 12 dollars a month to have a 50.00(comprehensive) deductible. I keep my collision deductible @ 500 because it seems to make a bigger difference. Occasionally somebody will do something to my car(steal something, scratch it, etc) and since it's not my fault, and not an accident, it's does not increase my rates.

[DMZ]

So, I wonder how this scenario would play out?

A person has the deductible lowered to $0.00, knowing that the premium will increase. Two months later submits a claim for various damages that obviously have been accumulated over a period of time.

[mazilla]

Originally Posted by caineroad

Its the same in Canada, don't listen to that guy he knows nothing. I just called my insurance and got a quote if I change to $0 deductible, the price would increase from $1500 to $2480. Easy easy.

I was wondering why it would be like that, thanks for clearing that up. Ask your agent what the price would be to keep your collision deductible higher and take your comprehensive down to 50.00 or so...you might be surprised. Of course I get my rates lower because of all the insurance I carry, and my perfect driving record so it may not be the same for everybody. I pay about 150.00 per month for all those vehicles, full coverage(except the 70 cougar, cause they won't do it) with a 500.00 collision and a 50.00 comprehensive.

[mazilla]

Originally Posted by DMZ

So, I wonder how this scenario would play out?

A person has the deductible lowered to $0.00, knowing that the premium will increase. Two months later submits a claim for various damages that obviously have been accumulated over a period of time.

Person X(if they're smart) ends up with a check in their hands, and some shiny new bodywork. Some people may consider that "fraud", some people might consider the fact that they're forced to buy a product from a private company (by their government) the real fraud.

[DMZ]

Originally Posted by mazilla

Person X(if they're smart) ends up with a check in their hands, and some shiny new bodywork. Some people may consider that "fraud", some people might consider the fact that they're forced to buy a product from a private company (by their government) the real fraud.

That is known as "soft" fraud or "opportunistic" fraud. It is one of the reasons that premiums can be very high in certain areas. Honest people have to pay for dishonest behavior of others. It is considered a crime in all 50 states and 41 states have fraud bureaus.

[mazilla]

Originally Posted by DMZ

That is known as "soft" fraud or "opportunistic" fraud. It is one of the reasons that premiums can be very high in certain areas. Honest people have to pay for dishonest behavior of others. It is considered a crime in all 50 states and 41 states have fraud bureaus.

Correct, fraud is the reason premiums are higher...but it's fraud on the part of the insurance companies and the government. You won't catch me weeping for those bastards, ever.