Furious George wrote:
> wrote:
> > Big Bill wrote:
> > > On 11 Mar 2005 10:23:19 -0800, wrote:
> > >
> > > >
> > > >Big Bill wrote:
> > > >> On 10 Mar 2005 17:16:18 -0800, wrote:
> > > >>
> > > >> >I should have been more specific...
> > > >> >
> > > >> >1. Why do I not have the option to keep a second car
(liability
> > > >only)
> > > >> >for me and me alone in case my first car breaks or what not
and
> > not
> > > >pay
> > > >> >any more insurance. If that means others can't drive it so be
> it.
> > I
> > > >> >currently pay full coverage for my new car, and to keep my
> second
> > > >> >(cheaper) car I have to pay more per month. If I wreck my
first
> > car,
> > > >> >the insurance agency is out the cost of a new car plus the
cost
> > of
> > > >the
> > > >> >car I hit. If I were to have been driving my 2nd car my
> > insurance
> > > >> >agency would only be out the cost of the car I hit. In every
> case
> > it
> > > >is
> > > >> >cheaper for my insurance company if I have a second POS car,
> yet
> > I
> > > >> >still have to pay more. If anything I should get a discount
for
> > the
> > > >> >times I drive my POS.
> > > >>
> > > >> You're talling about two different kinds of insurance he
> > liability
> > > >> and collision.
> > > >> On the first car, liability pays for the other car, collision
> pays
> > > >for
> > > >> yours.
> > > >> On the second (POS) car, why have collision?
> > > >
> > > >I think you are missing my point. On the first car I have full
> > coverage
> > > >(my car and other car are covered in accident -amounts don't
> > matter). I
> > > >don't think I should have to pay seperate liability on the POS
> car.
> > > >That should be automatic with me having liability on the first
> car.
> > > >What higher costs are there to the insurance agency when I drive
> my
> > POS
> > > >car? None. If anything they are off cheaper. There is less
(zero)
> of
> > a
> > > >chance of me wrecking my new car when I am driving my old car.
So
> if
> > I
> > > >do wreck, they are only out the amount of the car I hit, and not
> the
> > > >amount of my new car.
> > >
> > > And if you wreck your first car, and then drive the second car?
> >
> > How is that different than me wrecking my first car, and then
buying
> > and driving a new car? Or me getting a rental car?
>
> You have to insure your new car before you can drive it.

Let me break it down. I have a car, and pay 1 insurance. I wreck the
car. I now buy a new car, and transfer my insurance to my new car. I am
only paying 1 insurance the entire time.

>
> > I don't have to pay
> > 2 insurance policies in either of those cases.
>
> Yes you do. Even if the rental car company insures the car, you are
> paying for it (indirectly).

Not true. When i rent a rental car my insurance covers the rental car.
I'm still just paying one insurance.

>
> > Or if I drive my
> > neighbors car.
>
> Hopefully you neighbor insures his/her car.

My insurance is set up so I can drive any car (so long as I don't own
it), and if I wreck it my insurance will pay for it.

>
> > Liablility should be on the person, and collision should
> > be on the car.
>
> Why?

Because it is a rip off. The odds of me getting in a wreck have nothing
to do with how many cars I own. You think someone with 100 cars should
pay 100 liabilities because they are 100 times as likely to get in a
wreck? You think the number off cars someone owns determines the risk
they are going to get in a wreck?

>
> >
> >
> >
> > > Other than that, obviously you can't drive both at the same time.
> > Just
> > > as obviously, you aren't driving one car exclusively, or you
> wouldn't
> > > need to insure the second car at all.
> > > While it would certainly be possible to come up with a rate
> schedule
> > > that would only have one premium for those who have two driven
> cars,
> > > it would still be as high.
> >
> > In no case can I drive both at the same time. So I am only driving
> one
> > car at a time exclusively, so there is no need for a second
> liability.
> > And in no case is the insurance company out any more money. Can you
> > give me an example of how the insurance agency would be out more?
> >
> > What if I had a 100 cars. Are my odds of getting into a wreck any
> > higher than if I had 1?
>
> Actually yes.

Actually no. How are my odds any different? Just saying so is not
enough.

>
> > No. So there shouldn't be an increase in my
> > liability.
> >
> > > >
> > > >> >2. I'm talking about full coverage. Why doesn't my rate go
down
> > when
> > > >my
> > > >> >car gets older? If I buy a 2005 car and get it insured full
> > coverage
> > > >I
> > > >> >pay the rate for a brand new car the whole time I own it. 5
> years
> > > >down
> > > >> >the road I'm still paying the full rate, yet if someone else
> were
> > to
> > > >> >buy my exact same car in 2010 they would get the rate of a 5
> year
> > > >old
> > > >> >car. The only way I can get the cheaper rate would be to
switch
> > > >> >insurance or sell my car and buy one just like it.
> > > >>
> > > >> Define "full coverage".
> > > >> Is that the minimum required liability by the state, or
> someother
> > > >> combination of
> > > >> liability/collision/comprehensive/uninsured/underinsured
policy?
> > > >> What limits?
> > > >> I've actually heard people claim they have "full coverage" (as
> > > >defined
> > > >> by the agent) that is only minimum liability coverage.
> > > >
> > > >> The fact that you say your full coverage doesn't get cheaper
as
> > the
> > > >> car ages leqads me to believ ethe car itself isn't insured,
but
> > > >you're
> > > >> only carrying liability insurance. Collision coverage usually
> gets
> > > >> less expensive as the value of the car goes down with age.
> > > >
> > > >I have full coverage(collison, liability, uninsured motorist
etc),
> I
> > > >know this for a fact. In Texas using state farm my collision
> > coverage
> > > >never goes down. That is my whole gripe. If you don't mind me
> > asking,
> > > >where do you live and who insures you?
> > >
> > > I live in Phoenix, AZ., and use USAA.
> > > >
> > > >
> > > >> Are you sure you know what insurance you actually have?
> > > >>
> > > >> --
> > > >> Bill Funk
> > > >> Change "g" to "a"
> > >
> > > --
> > > Bill Funk
> > > Change "g" to "a"