drsteve wrote:
Your rates are based on fault. Example: get rear ended at a stop light, turn in a claim for thousands, your rates will not rise. Rear ended someone, they're going up.
Knock on wood I don't have any recent experience to base what I've learned off of......and hope to keep it that way, lol.
But in past experience, $ paid out regardless of "fault" affected your future rate or insurability. Now add in credit score and all the other bs ins companies can use as a metric for determining rates since you can dang near get a persons dental records off the interwebs quickly and easily.
Insurance companies aren't to be trusted, just like any other business out to make money off of you, the consumer. If they were, my parents wouldn't have been dropped from their carrier and placed into a higher risk bracket then me at the time (single male under 25 with a lead foot!) for a single Comp claim. Yes that claim was a structure fire that cooked 3 of our 4 cars, but diint see any "fault" there when they got the "cancelled" letter....
If they were to be trusted, Allstate wouldn't have signed me up for house insurance after I declined it while insuring my vehicles with them. And they certainly wouldn't have found my lender, submitted my "new" homeowners policy causing the bank to cal and cancel my real policy without my knowledge. And they certainly wouldn't have continued billing me for insurance I didn't take and send me to collections for a bill I never signed up to pay! And if any of this was false they definately wouldn't have retracted my credit hit with collections after I threatened a lawsuit.
Bottom line no matter what you think feel or hear, treat insurance companies with caution and do not trust them.
