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I guess we agree to disagree :) There has been serveral occasions where I have called for a quote and have been told that they would not accept me as a client because there was too long a time frame until the insurance policy I had expired.
Is that the insurance company being concerned that I might have to pay a cancellation fee? Not likley.
Or an insurance company not taking business away from another..until it is fair game (renewal time)?
Car : 2005 MZ3 GT
Age : 26yr old
Record: 2 1/2 years in Canada, no tickets(touch wood)
Insurer : RBC
Coverage : Full Coverage
Paying : $220 month
Just talked to state farm, when i get 3 years of record(october 2006) my montly payment will go down to 169 a month!!
that could be possible, but it sounds like an excuse, kind of like when they tell you your auto insurance went up because of 911.Quote:
Originally posted by SABIO
I guess we agree to disagree :) There has been serveral occasions where I have called for a quote and have been told that they would not accept me as a client because there was too long a time frame until the insurance policy I had expired.
Is that the insurance company being concerned that I might have to pay a cancellation fee? Not likley.
Or an insurance company not taking business away from another..until it is fair game (renewal time)?
if you\'re calling brokers some of them may be restricted from writing business, this happens regualrily when a broker is not writing profitable business or the insurance company has stopped them from writing new business. Essentially it has to do with loss ratios, there is a certain ratio insurance companies like to be in if they get hit hard on claims one year they may not accept new business. Also if you sound young or only have 1 car they tend to not want to waste their time with you as Mono line business is not to profitable especially auto.
They\'re not concerned with your cancellation fee, they\'re concerned with the fact you\'ll be wasting their time, as most clients even once quoted a lower price will usually wait till renewal if the saving is less than $200.
there is only honour amongst theives, not amongst insurers and I tell you I steal business from other carriers daily.:D
daily i tells ya
Kyfe
I\"m telling you all...PC is the way to go. I\'ve done some major shopping around for both myself (26, Celica, Oakville) and my gf (26, Mazda3, T.O.).
I just moved to Oakville from Waterloo adn decided to shop around when I was told my rates would go up. My premium with PC in Oakville was $50 cheaper per month than my old rate in Waterloo and $80 per month cheaper than the new rate current company was giving me.
Then when my gf got her 3, we looked around again. PC was the cheapest everytime (including MM with an Alumni discount).
PC give you some nice extras...including PC points...PLUS the disapperaing deductible (which is sweet). Every year without a claim, you\'re deductible goes down 20%....so after five years w/o a claim, you have no deductible.
I have a few friends with PC insurance and they seem happy.Quote:
Originally posted by Intricate
I\"m telling you all...PC is the way to go. I\'ve done some major shopping around for both myself (26, Celica, Oakville) and my gf (26, Mazda3, T.O.).
I just moved to Oakville from Waterloo adn decided to shop around when I was told my rates would go up. My premium with PC in Oakville was $50 cheaper per month than my old rate in Waterloo and $80 per month cheaper than the new rate current company was giving me.
Then when my gf got her 3, we looked around again. PC was the cheapest everytime (including MM with an Alumni discount).
PC give you some nice extras...including PC points...PLUS the disapperaing deductible (which is sweet). Every year without a claim, you\'re deductible goes down 20%....so after five years w/o a claim, you have no deductible.
However, I have encountered clients that have had some problems dealing with claims and being told one thing and having another result once everything is settled. Bear in mind this is when you need your insurance the most as this is what you really pay for, sometimes paying that little bit extra goes a long way. The only thing that concerns me about PC insurance is that their call centre is in India, the people that work there are licensed to handle insurance in Ontario but have very little practical knowledge about driving conditions and rules of the road etc.
but having said that the majority of people I speak with are price motivated so it that\'s what moves you then go for it.
I\'m actually just in the process of going through a claim with them. I wrecked a good part of the my front end...I should be picking my car up tonight actually. They\'ve been great to deal with so far. They quickly got me a rental...since I have been w/o a car for two weeks...and didn\'t give me any hassles about getting the repairs done at a body shop of my choosing. The accident was completely my fault too...not that that matters a whole lot.Quote:
Originally posted by kyfe
I have a few friends with PC insurance and they seem happy.
However, I have encountered clients that have had some problems dealing with claims and being told one thing and having another result once everything is settled. Bear in mind this is when you need your insurance the most as this is what you really pay for, sometimes paying that little bit extra goes a long way. The only thing that concerns me about PC insurance is that their call centre is in India, the people that work there are licensed to handle insurance in Ontario but have very little practical knowledge about driving conditions and rules of the road etc.
but having said that the majority of people I speak with are price motivated so it that\'s what moves you then go for it.
Everything should be taken care of tonight...I\'m just waiting to see if my rates are going to go up as a result since I don\'t have a perfect record I\'m not sure if I get one freebie.
I don\'t know about their call centre...they have always been good on the phone, although I did have a hard time understanding the guy that set my policy up in the first place. PC doesn\'t really handle any of it themselves...it\'s all contracted out to Aviva or S&Y Insurance. PC is essentially just a broker themselves.
Just my experience...one of many...I\'m sure (like anything) there are others who have had seen a worse side.
HOLY CRAP, I just switched from thePersonal to PC Auto Insurance... from $2000 down to $1500, that\'s including the first claim cover, since I haven\'t made a claim EVER, for $30 year, I can get this package where if I get in an accident (it\'ll be my first) and it\'s my fault, they won\'t raise my insurance and I keep my 9 star rating!
insurance companies are all evil, their yearly profit is insane, government should regulate how they charge their premiums!
Received my insurance renewal today...my premium increased from $1500 to $2300. I have 6 star rating, no accidents or tickets the last three years. I called my broker and was told the increase was mainly due their rating of Mazda3 GT has increased from 23 to 27 (Whatever that means). Now looks like we are going to have to pay for the accident claims that all Mazda3 are making.
we are regulated heavily by FSCO and the Provincial Governments,Quote:
Originally posted by sunset_orange
insurance companies are all evil, their yearly profit is insane, government should regulate how they charge their premiums!
how is a private business making money evil? Not that I\'m defending the industry but it seems like an off the cuff remark without knowing what you\'re talking about.
Off the cuff?!? Hahahaha!!!! How about the gouging and increasing prices! The fact that it is mandatory and when you do use your insurance your rates go up! The fact that any ticket regardless of if there are points involved still counts against you. I love the whole cop bs of, \"here son, i lowered your ticket to 10 over so you won\'t get points and your insurance will be unaffected.\" Any ticket from 0 to 49 over is the same in the eyes of insurance companies. Accidents last for 6 years and rates barely decrease the longer your safe driving record gets. I have no love for insurance companies, but I think that\'s obvious. Private business making money isn\'t evil, but any business ripping people off is pretty damn wrong! Sorry for the vent, but I feel better now.:)Quote:
Originally posted by kyfe
we are regulated heavily by FSCO and the Provincial Governments,Quote:
Originally posted by sunset_orange
insurance companies are all evil, their yearly profit is insane, government should regulate how they charge their premiums!
how is a private business making money evil? Not that I\'m defending the industry but it seems like an off the cuff remark without knowing what you\'re talking about.
SWITCH!!! Call PC Insurance. Mine did NOT go up one Penny.........Quote:
Originally posted by awhoy
Received my insurance renewal today...my premium increased from $1500 to $2300. I have 6 star rating, no accidents or tickets the last three years. I called my broker and was told the increase was mainly due their rating of Mazda3 GT has increased from 23 to 27 (Whatever that means). Now looks like we are going to have to pay for the accident claims that all Mazda3 are making.
Well just got my new assessment yesterday; here are the stats.
Age 26
Secondary Driver
Mazda 3 Sport GS
Primary Driver (Mom)
Full Coverage; $500 deductible
$1379/year, or roughly... 115/month.
Sounds familiar. LOL The post is 1 or 2 pages back.Quote:
Originally posted by awhoy
Received my insurance renewal today...my premium increased from $1500 to $2300. I have 6 star rating, no accidents or tickets the last three years. I called my broker and was told the increase was mainly due their rating of Mazda3 GT has increased from 23 to 27 (Whatever that means). Now looks like we are going to have to pay for the accident claims that all Mazda3 are making.
That\'s the same exact thing that happened to me, but I went with Meloche Monnex at the time. Switched to PC Insurance, and never looked back.
Actually, I did an online quote with PC Insurance and got a higher quote, ~$2700.Quote:
Originally posted by iconicrocket
Sounds familiar. LOL The post is 1 or 2 pages back.Quote:
Originally posted by awhoy
Received my insurance renewal today...my premium increased from $1500 to $2300. I have 6 star rating, no accidents or tickets the last three years. I called my broker and was told the increase was mainly due their rating of Mazda3 GT has increased from 23 to 27 (Whatever that means). Now looks like we are going to have to pay for the accident claims that all Mazda3 are making.
That\'s the same exact thing that happened to me, but I went with Meloche Monnex at the time. Switched to PC Insurance, and never looked back.
From my experience with any online insurance quote for automobiles, the quote online will be pretty high. Give the place a call and work out a quote with a rep and it\'ll drop a fair bit. I might have to give PC a try just to see what premium they\'ll give me but here\'s my current policy;Quote:
Originally posted by awhoy
Actually, I did an online quote with PC Insurance and got a higher quote, ~$2700.
Primary driver, 2004 Mazda3 Sport GT
1 at-fault claim on record but with another broker/insurance
27 yrs old, single
$1000 deductible
$2100 annual premium this year ($175/month)
Meloche Monnex
Got my renewal in the mail yesterday from TD MM. Everything appears to have stayed the same on the policy minus the $30 increase in their POS grand touring option which I\'m thinking to call in and remove if possible.
Anyways, my premiums have gone up 10%. :grr
Insurance people are pure evil. MUAHAHAHAHAHAHAHAHAHA!!
Car : 2004 MZ3 GT/GFX (sedan)
Age : 20yr old
Record: Clean, and quick, had each liscence at first opportunity, plus DriverEd
Insurer : Bel-Air
Coverage : 1000$ deduct.
Paying : $260 month
$1000 deductibles? Ouch!Quote:
Originally posted by 3GFX
Car : 2004 MZ3 GT/GFX (sedan)
Age : 20yr old
Record: Clean, and quick, had each liscence at first opportunity, plus DriverEd
Insurer : Bel-Air
Coverage : 1000$ deduct.
Paying : $260 month
Just an update, as of July 10th..Quote:
Originally posted by TheBiz
34 yrs young, married, male
5 tickets, no at fault accidents. *knock wood*
$305 per month..
(4 of the 5 fall off on June 2006... Sweet. :p)
couple of my favourite companies... being in the business :D
Meloche Monnex
Royal Bank Insurance
Presidents Choice
Best o luck...
4 tickets fell off. No new ones. :) went from $305 to $186 with Hub Insurance (only one that would take me with 5 tickets.
Got the Mrs to buy a 3, put both cars and our house with Meloche, now paying $205 per month total!
Meloche Rocks. IMO
male, 27 years old young, first time vehicle owner, no insurance/claim history
living in midtown toronto, $223/month including the depreciation waiver and grand touring solution from TD Meloche.
$220 at TD Meloche Monnex
that was quite helpful :sarcQuote:
Originally posted by abc
$220 at TD Meloche Monnex
age.. location.. convictions.. etc etc.. play a huge role in your premiums..
1 claim (Not at fault), no tickets, downtown toronto.Quote:
Originally posted by majic
that was quite helpful :sarcQuote:
Originally posted by abc
$220 at TD Meloche Monnex
age.. location.. convictions.. etc etc.. play a huge role in your premiums..