Total Loss (At fault)

[joedesign]

Has anyone here ever had a Insurance claim for total loss (at fault)?

How much do you guys think my insurance will increase by?

Had my first accident, thought it was only minor considering the damages on the car. But the adjuster called today and said that it's a Total Loss. I was really shocked!

Now I'm scared to buy a new car now because my premium might jack up a lot.

[Jenuine]

Do you have accident forgiveness on your policy?

There are a lot of factors that affect how much your premiums will go up. I'd say between 15-30%?

[fywdyl]

Total loss has nothing to do with it, at-fault loss is what will cause your rates to go up.

Could potentially double, depending on your current driving record. Nothing you can do about it, just gotta be more careful in the future.

[joedesign]

Do you have accident forgiveness on your policy?

There are a lot of factors that affect how much your premiums will go up. I'd say between 15-30%?

Unfortunately I don't. It was a left-turn, so it's 100% at-fault. :(

[joedesign]

Total loss has nothing to do with it, at-fault loss is what will cause your rates to go up.

Could potentially double, depending on your current driving record. Nothing you can do about it, just gotta be more careful in the future.

I really hope that it doesn't double. Cause then I guess it's back to Bus for me.

[peterm15]

Get your insurance company to quote you before the new car purchase.

[Fack_Dude]

Better yet. Take public transit.

[asyed]

Better yet. Take public transit.

I hope this is a joke.

People make mistakes. It happens to even the best of us. Just because he had one at fault accident doesn't mean that he should stay off the roads. He could take this as a life lesson and improve his driving.


Also some of us ( not sure about op) dont live in areas where it is convinent to commute by public transit ( for example, It would take me almost 3 hours one way if i took public transit to my campus)



and to op: Get a quote before jumping to conclusions. If they give you something crazy... threaten to leave them for whatever their main competitor is ( works 95% of the time :chuckle ) . Shop around too. There may be companies that will give you a decent rate. But that one accident will affect your premiums most likely regardless of insurance company.


oh and pics of damage?

[XTOTHEL]

Factors:
-Your age
-Previous accidents, tickets, etc.
-Time with insurance company
-Other types of insurance with company
-Company

[silverstarmazda]

+ what your "new" car is going to be
+ the coverage you want
+ region your in


and unbelievably gender and race actually still play a part apparently... this is why "if you know someone" its probably best to go through them to get a better rate.

[Jackal]

CloudPump should have answers to this.

[dexter]

Sorry to a bearer of potential bad news here but when I was about 20 (7 years ago) I wrote off my 92 Honda Civic in an at fault accident. My rates went from about $2554 to $5400ish annually even though my car didn't have collision and they didn't have to pay me out anything. Mind you I didn't shop around much at that point but I more than doubled.

[aris]

@asyed If they give you something crazy... threaten to leave them for whatever their main competitor is ( works 95% of the time ).

you have a lot to learn.... How do you know threatening to leave to their competitors works?

I've had car insurance for 15 years and that's never worked.

[CloudPump]

I hope this is a joke.

People make mistakes. It happens to even the best of us. Just because he had one at fault accident doesn't mean that he should stay off the roads. He could take this as a life lesson and improve his driving.


Also some of us ( not sure about op) dont live in areas where it is convinent to commute by public transit ( for example, It would take me almost 3 hours one way if i took public transit to my campus)



and to op: Get a quote before jumping to conclusions. If they give you something crazy... threaten to leave them for whatever their main competitor is ( works 95% of the time :chuckle ) . Shop around too. There may be companies that will give you a decent rate. But that one accident will affect your premiums most likely regardless of insurance company.


oh and pics of damage?

Threaten to leave all you want, this will have 0 effect. Insurance rates are regulated by the government. All rate increases and decreases need to be approved by FSCO and registered with them. If another company can beat what you're paying (keeping coverages the exact same) by one cent there's nothing a company can do to match or beat it without reducing the coverages you already have.

-Geoff

[CloudPump]

+ what your "new" car is going to be
+ the coverage you want
+ region your in


and unbelievably gender and race actually still play a part apparently... this is why "if you know someone" its probably best to go through them to get a better rate.

Gender does play a role under the age of 25. Race does not play any role under any circumstance.

-Geoff

[joedesign]

damn...from the sound of it, my insurance will double :(

It was a no traffic light, left turn into a mall.
Two cars stopped to let me in and the guy in the SUV waved me in. Should've never turned there...worst turn of my life :(

[CloudPump]

Has anyone here ever had a Insurance claim for total loss (at fault)?

How much do you guys think my insurance will increase by?

Had my first accident, thought it was only minor considering the damages on the car. But the adjuster called today and said that it's a Total Loss. I was really shocked!

Now I'm scared to buy a new car now because my premium might jack up a lot.

Total loss or $40 paid out makes no difference. Amount paid, or severity of claim doesn't matter. As soon as you're 1% at fault it's exactly the same as being 100% at fault.

It's difficult (near impossible) to tell you how much your insurance will increase by. As some people have mentioned; if you had an accident waiver it may not increase at all. Depending on the company you're with, even with a waiver it may increase. Some companies "waiver's" are actually worded as a "Six-Star driving record protector" which means if you have an at-fault, your record won't go below a six, however some of these same companies rate up to ten stars and you'll actually see a premium increase as you go from ten to six.

If you have a waiver and you're with a company that doesn't have sneaky wordings regarding their waiver, your rate will only change by the variant in cost between what you were driving and what you will be driving.

Now if you didn't have an accident waiver because you aren't old enough to have the driving experience to acquire one... your rates will likely go up quite a bit. Your driving record will go from whatever current star rating it is down to a 0 upon renewal.

*keep in mind that unless you terminate your current policy, you won't be hit with the rate increase until renewal*

This means that if you replace your current car with another, you need to be sure to get a quote on what your rate will be upon renewal. They won't be able to give you an exact rate unless your renewal is within 30 days, but they'll be able to give you an indication of what it would be based upon today's filed rates.

-Geoff

[Fack_Dude]

damn...from the sound of it, my insurance will double :(

It was a no traffic light, left turn into a mall.
Two cars stopped to let me in and the guy in the SUV waved me in. Should've never turned there...worst turn of my life :(

Number one rule. Never let people wave you into traffic.

[VQ Junkie]

Number one rule. Never let people wave you into traffic.

+ 1 million. Never ever ever ever.

[silverstarmazda]

Gender does play a role under the age of 25. Race does not play any role under any circumstance.

-Geoff

im not saying all companies are like that though. however a good amount of them sadly do profile people by there race. its been proven and proven time and time again and really dependent on the agent you go to. its actually very noticeable in scarborough.

my friends and I (who are in the same area, same age, same car, same company, same coverage, and same agent) will have very different insurance rate between all of us when we asked for a quote individually. when i asked about the difference they would give us BS statement such as " you live 5 minutes closer to a high risk area" or "your car is a year newer (which it wasnt) hence the high rate" . the excuses just kept piling up and became more and more absurd.

when confronted about the difference as a group they didnt have any comment and bumped up the quote at the highest that was given to us and said take it or leave it.

[rukus]

People make mistakes. It happens to even the best of us. Just because he had one at fault accident doesn't mean that he should stay off the roads. He could take this as a life lesson and improve his driving.


OP mentioned it was a left turn in front of someone.
this is what gets motorcyclists killed on at an alarming rate. it almost killed me.
turning left in front of someone is not an accident, but carelessness (sorry OP, but im sure you already knew that)

if you're a young male (which im assuming you are), this will probably jump your rates at least 25% for the next 6 years.

[FoXy]

Trust no one, and if you must turn left in front of people make absolute sure that there are no people in the next lane who arent going to see you coming.

[CloudPump]

im not saying all companies are like that though. however a good amount of them sadly do profile people by there race. its been proven and proven time and time again and really dependent on the agent you go to. its actually very noticeable in scarborough.

my friends and I (who are in the same area, same age, same car, same company, same coverage, and same agent) will have very different insurance rate between all of us when we asked for a quote individually. when i asked about the difference they would give us BS statement such as " you live 5 minutes closer to a high risk area" or "your car is a year newer (which it wasnt) hence the high rate" . the excuses just kept piling up and became more and more absurd.

when confronted about the difference as a group they didnt have any comment and bumped up the quote at the highest that was given to us and said take it or leave it.

Race is not a factor.

Insurance is a math equation. You plug in variables and get an answer. Unless you and your friend were:

Born on the same day
Did driver training on the same day (if at all)
Licensed on the exact same days (g1, g2, g)
Bought your cars on the same day (both would have to be bought in the same state ie: both brand new or both used)
Live in the same house on the same street.
Have the same other drivers in the household.
Work in the same building and thus have the exact same commute distance.
Drive the exact same number of annual kilometers.
Have the same liability limit.
Have the same coverages and endorsements on the policy.
Have the same deductibles.
Both be married or both be single or both be common law.
Both have been with your previous insurance company for the exact same number of years.
Both have had the exact same number of years of previous insurance.
Both have had the exact same number of years of continuous insurance with no gaps.
Both have the exact same number and type of tickets.
Both have the had any claims on the exact same days.
Both be with your current insurer for the exact same period of time.

None of these factors can be "pretty close" or "almost the same". They have to be EXACT.

This is what I do for a living. There is no "black guy" box for me to tick or "Asian driver" surcharge I can tack on. Insurance rates are regulated by the Financial Services Comission of Ontario, this means that every company has to register their "fancy insurance math" with the government for approval. This also means that there is no flexibility in rates. You qualify for what you qualify for and that's it.

It has never been "proven time and time again" that race is a factor. When I input your quote into the system the computer does not know what race you are. There was one well-documented case of a pair of fraternal twins (one male, one female) who licensed themselves on the same dates. They went before the Ontario Human Rights Tribunal to complain that the male twin was being gender discriminated against because he was paying higher insurance rates than his twin sister when all other factors were the same.

They lost. It was able to be demonstrated that there is a marked and noticeable difference in the rates of claims for males and females under the age of 25, this was supported by quite a bit of data.

Bottom line:

You and your friend might be "the same" in your mind, but in terms of your insurance you two are nothing alike.

-Geoff

[fywdyl]

im not saying all companies are like that though. however a good amount of them sadly do profile people by there race. its been proven and proven time and time again and really dependent on the agent you go to. its actually very noticeable in scarborough.

my friends and I (who are in the same area, same age, same car, same company, same coverage, and same agent) will have very different insurance rate between all of us when we asked for a quote individually. when i asked about the difference they would give us BS statement such as " you live 5 minutes closer to a high risk area" or "your car is a year newer (which it wasnt) hence the high rate" . the excuses just kept piling up and became more and more absurd.

when confronted about the difference as a group they didnt have any comment and bumped up the quote at the highest that was given to us and said take it or leave it.

So much misinformation that it's making my head hurt. First of all, it is AGAINST THE LAW to use race for insurance pricing. Second, you got to realize that the person you speak to on the phone is not necessarily the person setting the rates for insurance, it's natural that they can't answer some of the more complicated questions that you may have. Third, you can blame the high insurance rates on the fact that there is a high rate of insurance fraud, thanks to the government's generous loopholes.

As for you and your friend's rate being different, did you guys get your licenses at the same time? Do you guys have the same driving record (tickets, accidents)? Unless you guys live in the exact same house, then there is a chance that your rates may be different. The rates are not necessarily set based on proximity to one another, but could be done by postal code.

Again, not saying insurance companies aren't at fault for this, they could do a better job on educating the public on how insurance works.

[CloudPump]

OP mentioned it was a left turn in front of someone.
this is what gets motorcyclists killed on at an alarming rate. it almost killed me.
turning left in front of someone is not an accident, but carelessness (sorry OP, but im sure you already knew that)

if you're a young male (which im assuming you are), this will probably jump your rates at least 25% for the next 6 years.

Turning left is not an accident. Doing so without enough time to make the turn cleanly is. Unless you're implying that this was an "on purpose".

Accidents are events that occur without intent. I assume he didn't intend to be in this situation.

-Geoff

[mazdabetty]

damn...from the sound of it, my insurance will double :(

Your rates probably won't double. Don't worry too much until you get your renewal. If you've maintained a clean record your insurance company will judge based on your history. Mine barely went up with my accident, I hardly noticed a difference. Actually when I moved to a new neighborhood my rate spiked higher than it did with the accident. Like people have said, there are a lot of factors to consider. No one knows for sure what your rates will look like.

Oh and yeah definitely do not threaten to leave after an at fault accident lol... They will gladly send you packing and laugh when you come crawling back to them because no one else will insure you after a recent accident. Lol. Hope you're ok. Shit happens to all of us. You really do learn never to give ANYONE the benefit of the doubt after something like that :S

[CloudPump]

Your rates probably won't double. Don't worry too much until you get your renewal. If you've maintained a clean record your insurance company will judge based on your history. Mine barely went up with my accident, I hardly noticed a difference. Actually when I moved to a new neighborhood my rate spiked higher than it did with the accident. Like people have said, there are a lot of factors to consider. No one knows for sure what your rates will look like.

Oh and yeah definitely do not threaten to leave after an at fault accident lol... They will gladly send you packing and laugh when you come crawling back to them because no one else will insure you after a recent accident. Lol. Hope you're ok. Shit happens to all of us. You really do learn never to give ANYONE the benefit of the doubt after something like that :S

Your history with your company has no bearing on what will happen. As I keep stating, this is a regulated financial product. There are no favours. He either has a waiver or he doesn't. If he does, he'll see little to no difference. If he does not, he will see a horrible increase upon renewal.

One recent accident will not prevent him from getting insurance with any company in the province unless he holds a G2 license and has had it for less than 4 years. This doesn't mean that the rates available will make him happy, but if this is the sole blemish on his record it will not prevent him accessing any markets.

-Geoff

[mazdabetty]

Interesting. Not disagreeing with you, that's just what my insurance company told me. I suppose their theory of history playing a factor could be BS for all I know then lol. My situation was unique I suppose, I lucked out in not seeing a dramatic increase.

Oh and as for not being able to find another insurance company to insure you after a recent accident, you're right I shouldn't say "no one" will insure him, but as you said options will be very limited as the rates are going to be through the roof.

[CloudPump]

Interesting. Not disagreeing with you, that's just what my insurance company told me. I suppose their theory of history playing a factor could be BS for all I know then lol. My situation was unique I suppose, I lucked out in not seeing a dramatic increase.

Oh and as for not being able to find another insurance company to insure you after a recent accident, you're right I shouldn't say "no one" will insure him, but as you said options will be very limited as the rates are going to be through the roof.

I will tell you this:

Companies and brokers will tell you all kinds of half-truths and perpetuate misconceptions in order to get around doing what's required and right.

Technically your history can matter, because if you had another accident within the last 3 years you would likely be non-renewed. If it's your first claim, history plays no part. History only matters if they're getting rid of you.

-Geoff

[JPJPJP]

I was paying 2700 last year, got into an at fault loss. I got non-renewed with the company I was with and I found a company to insure me for just under $4100. Just to give you a rough idea.

OP, for your comparison, I'm 22 with a clean record prior to that.

[S.F.W.]

I was paying 2700 last year, got into an at fault loss. I got non-renewed with the company I was with and I found a company to insure me for just under $4100. Just to give you a rough idea.

OP, for your comparison, I'm 22 with a clean record prior to that.

One at fault accident and they non renewed you ? Did you have speeding tickets on your record ? Something else..?

[aris]

One at fault accident and they non renewed you ? Did you have speeding tickets on your record ? Something else..?

His age.... He's only 22

[XTOTHEL]

His age.... He's only 22

It's still very harsh for them to do. I know people under 22 who's been in many at fault accidents and didn't get non-renewed. Though they do pay a ridiculous amount.

[joedesign]

Thanks for all the info guys.

Just curious, do you guys know if my current insurance policy is now cancelled? Or do I need to call them and tell them to cancel it?
Or should I not cancel it since I might not be able to get it back if I do.

Originally I was going to wait until May to buy a new vehicle since I'm not sure what the rate will be like.
In the mean time, I'll just take the bus to work.

[XTOTHEL]

I believe nothing will happen until it is time for you to renew your insurance, so you wouldn't get cancelled right away. If you call in the cancel, you might be required to pay something to get out of the term.

[bilinz]

Thanks for all the info guys.

Just curious, do you guys know if my current insurance policy is now cancelled? Or do I need to call them and tell them to cancel it?
Or should I not cancel it since I might not be able to get it back if I do.

Originally I was going to wait until May to buy a new vehicle since I'm not sure what the rate will be like.
In the mean time, I'll just take the bus to work.

If you wont have a vehicle until may you should cancel your policy. Otherwise you are paying for nothing. Plus they will eventually just cancel it on their own due to no insurable interst (you dont have a car to insure with them). Your rates will go up on your next renewal if the accident is deemed at fault (sorry didnt read through the whole thread to check what happened).

[joedesign]

Does it make a difference if I cancel right now and then get insurance later on though?

Don't want to cancel right now and then find out that they jack up my insurance by 100% vs 25% if i don't cancel.

[Jenuine]

Does it make a difference if I cancel right now and then get insurance later on though?

Don't want to cancel right now and then find out that they jack up my insurance by 100% vs 25% if i don't cancel.


Whether you cancel right now or not, I think your insurance will still go up by the same amount when it comes time for renewal.

[Fack_Dude]

Does it make a difference if I cancel right now and then get insurance later on though?

Don't want to cancel right now and then find out that they jack up my insurance by 100% vs 25% if i don't cancel.

Doesn't matter what you do. Your facked. Good luck. Like I said before take public transit. Lol

[bilinz]

Does it make a difference if I cancel right now and then get insurance later on though?

Don't want to cancel right now and then find out that they jack up my insurance by 100% vs 25% if i don't cancel.

Your rates will go up regardless of when you cancel the policy. As of your next renewal with this current company or the next time you get insurance with another your rates are going to suck. Insurance companies look at gaps of insurance differently but when the reason you had a gap is due to not having a vehicle that is okay and wont impact your rates in any way.

[S.F.W.]

If you wont have a vehicle until may you should cancel your policy. Otherwise you are paying for nothing. Plus they will eventually just cancel it on their own due to no insurable interst (you dont have a car to insure with them). Your rates will go up on your next renewal if the accident is deemed at fault (sorry didnt read through the whole thread to check what happened).
do not cancel your policy. One of the determining factors with insurance rates, is continuous length of time with an insurance policy. Cancelling the policy will break that cycle, which will further harm your rates.

[aris]

do not cancel your policy. One of the determining factors with insurance rates, is continuous length of time with an insurance policy. Cancelling the policy will break that cycle, which will further harm your rates.

Agreed

[CloudPump]

One at fault accident and they non renewed you ? Did you have speeding tickets on your record ? Something else..?

Possible.

If he was G2 licensed... probable.

-Geoff

[bilinz]

do not cancel your policy. One of the determining factors with insurance rates, is continuous length of time with an insurance policy. Cancelling the policy will break that cycle, which will further harm your rates.

This is true that continuous insurance is important and a factor with rates but if the insured has a gap in coverage and the gap is because he or she did not own a vehicle than this gap is called a non-rateable gap. Non-rateable gaps do not affect your rates. A rateable gap such as having your license suspended or owning a vehicle that’s been registered and plated with no insurance will affect rates.

[CloudPump]

Thanks for all the info guys.

Just curious, do you guys know if my current insurance policy is now cancelled? Or do I need to call them and tell them to cancel it?
Or should I not cancel it since I might not be able to get it back if I do.

Originally I was going to wait until May to buy a new vehicle since I'm not sure what the rate will be like.
In the mean time, I'll just take the bus to work.

Depenidng on how recent all this took place, your policy may still be in force. Your policy will be cancelled if you do not get another vehicle, for a contract of insurance to exist, there must be an insurable object. If you are not getting another car until May, cancel your policy yourself now to avoid paying a cent more than you have to.

Your insurance cost will be the same when you get a new car as it would have become when your policy renewed.

-Geoff

[CloudPump]

Does it make a difference if I cancel right now and then get insurance later on though?

Don't want to cancel right now and then find out that they jack up my insurance by 100% vs 25% if i don't cancel.

No difference.

-Geoff

[CloudPump]

do not cancel your policy. One of the determining factors with insurance rates, is continuous length of time with an insurance policy. Cancelling the policy will break that cycle, which will further harm your rates.

Not exactly.

There are ratable gaps and non-ratable gaps.

A ratable gap is when you have been cancelled for non-payment, misrep or fraud.

A gap for not having a car is unratable.

I will say that Pembridge insurance has what they call "prefered" rates. They rate up to 10* and have prefered tiers at 6*P (six star prefered), 8*P and 10*P.

*LEGALLY* Pembridge can't deny you the "P" if your gaps have been unratable. In practice, this is not the case.

-Geoff

[Default User]

ClouPump for Mayor!!!

[switzah]

I work for an insurance company in the auto claims department. If you guys want to ask me any questions, I can try my best to help! :)

[JPJPJP]

It's still very harsh for them to do. I know people under 22 who's been in many at fault accidents and didn't get non-renewed. Though they do pay a ridiculous amount.
yeah.. I can't wait to turn 25. That's when I'm not considered "underage" anymore, although the accident won't drop off until i'm 28, turning 25 should help lol

[JPJPJP]

ClouPump for Mayor!!!

+1. I've said it before, and i'll say it again.. as soon as I see his name, i jump in the conversation lol. He knows his Sh**

[peterm15]

JPJPJP

When I turned 25 and my renewal came up they knocked $25 off my insurance. Not 25/mnth. Just $25.

Had to cancel my policy and insure wth another company to get a decent rate.

[aris]

@JPJPJP (http://www.torontomazda3.ca/forum/member.php?u=18727)

When I turned 25 and my renewal came up they knocked $25 off my insurance. Not 25/mnth. Just $25.

Had to cancel my policy and insure wth another company to get a decent rate.

My insurance for my car and truck was $330 a month when I was under 25... The day I turned 25 it went down to $160 a month for my truck and car.

[JPJPJP]

My insurance for my car and truck was $330 a month when I was under 25... The day I turned 25 it went down to $160 a month for my truck and car.

This is what I hear from a lot of people, regarding drivers under 25. Maybe it just depends on the insurance co. you're with?@peterm15

[midnightfxgt]

The race card being played with regards to insurance rates made me shake my head....

But CloudPump shelling out the good info made it worth while. Sounds like he has been doing this a while, not just some broker who signed up and doesnt really know whats going on. Thumbs up!

[kaboose]

My insurance for my car and truck was $330 a month when I was under 25... The day I turned 25 it went down to $160 a month for my truck and car.

I am turning 25 on Jan 31 next year but i need an insurance for my new 2014 mazda3 right now so how would it work? Do i just ask an insurance agent to get me a quote till jan 31?

[CloudPump]

I am turning 25 on Jan 31 next year but i need an insurance for my new 2014 mazda3 right now so how would it work? Do i just ask an insurance agent to get me a quote till jan 31?

Your location shows edmonton. I can't speak to the insurance laws outside of Ontario as each province has different rules and regulations. All the advice and comments posted by me in this thread pertain only to Ontario automobile insurance.

-Geoff

[kaboose]

Your location shows edmonton. I can't speak to the insurance laws outside of Ontario as each province has different rules and regulations. All the advice and comments posted by me in this thread pertain only to Ontario automobile insurance.

-Geoff

Sorry i am in Toronto now, i hope you can answer for me. thx

[CloudPump]

Sorry i am in Toronto now, i hope you can answer for me. thx

In Ontario the available policy lengths are 6 months and 12 months. There is no one month policy. You could take out a policy now, but it would have to be for a 6 or 12 month term, but you'd have to cancel it (and incur a cancellation penalty) to rewrite after your 25th birthday.

There is at least one company that I'm aware of (Wawanesa) that will give you credit at the inception of the policy for being 25 if your 25th birthday occurs at any point during the policy term. This will be advantageous to you only if Wawanesa has a better rate than other providers.

Keep in mind that insurance is a contract. A contract to provide you with a service (insurance coverage) in exchange for a consideration (money). The contract is bound by the terms and conditions at the time of signing and is locked in for the period of time specified. This means that if things change in your favour during the duration of the contract, the contract does not re-write at that time. This also means that if things go against you (have an at-fault accident, get a ticket) things don't re-write at that time either. The contract is up for renegotiation upon expiry and you can agree to the new terms at that time (or decline).

-Geoff

[switzah]

In Ontario the available policy lengths are 6 months and 12 months. There is no one month policy. You could take out a policy now, but it would have to be for a 6 or 12 month term, but you'd have to cancel it (and incur a cancellation penalty) to rewrite after your 25th birthday.

There is at least one company that I'm aware of (Wawanesa) that will give you credit at the inception of the policy for being 25 if your 25th birthday occurs at any point during the policy term. This will be advantageous to you only if Wawanesa has a better rate than other providers.

Keep in mind that insurance is a contract. A contract to provide you with a service (insurance coverage) in exchange for a consideration (money). The contract is bound by the terms and conditions at the time of signing and is locked in for the period of time specified. This means that if things change in your favour during the duration of the contract, the contract does not re-write at that time. This also means that if things go against you (have an at-fault accident, get a ticket) things don't re-write at that time either. The contract is up for renegotiation upon expiry and you can agree to the new terms at that time (or decline).

-Geoff

What insurance company do you work for? I work for an insurance company that's why in asking.

[CloudPump]

What insurance company do you work for? I work for an insurance company that's why in asking.

I don't work for an insurance company, I'm a registered broker. I'd prefer not to disclose my brokerage however.

-Geoff

[switzah]

I don't work for an insurance company, I'm a registered broker. I'd prefer not to disclose my brokerage however.

-Geoff

Lol alright

[geobur]

His age.... He's only 22

I'm 24 and I got in an at fault accident when I was 23, and had 2 previous accidents on my record (neither were at fault, one was a total loss) and one ticket for failure to obey a sign. And they renewed me. As much as you say it may be a strict math equation...I see an awful lot of fluctuation between things. Including myself...most other companies wouldn't renew me...(granted it might only be because I am insured under my parents plan...so that may play into it a bit)

[CloudPump]

I'm 24 and I got in an at fault accident when I was 23, and had 2 previous accidents on my record (neither were at fault, one was a total loss) and one ticket for failure to obey a sign. And they renewed me. As much as you say it may be a strict math equation...I see an awful lot of fluctuation between things. Including myself...most other companies wouldn't renew me...(granted it might only be because I am insured under my parents plan...so that may play into it a bit)

Not at fault accidents can not be used for rating or eligibility purposes, so throw those right out.

You had a ticket and and at-fault.

Now were you 23 with your G or your G2? I suspect G. 23 with an at-fault & a ticket will be renewed with most companies. (all assuming G1's were obtained on or about your 16th birthday).

Other companies can't "renew" you as you weren't with them, you can only be renewed by the company that currently insures you. There are different rules for renewals and for new business (new business is when you are "new" to a company and starting your first policy). New business rules are stricter than renewal rules.

-Geoff