"My insurance premium, payable in a couple of days, went up by 11.6%."
???
Mary's car insurance renewal premium went down a few dollars earlier this Spring. Mine -renewed August 14th - went down about $50 Neither had any claim or infraction in the last year.
I do not know why your policy premium went up. In the current environment, it does not seem to make much sense.
According to the CAA: http://blog.caasco.com/insurance/how-soon-will-i-get-my-15-insurance-decrease/
11.6%?? If I were you I'd be looking around for a better company.
Insurance companies, not matter what they insure, are a scam. I sometimes have to deal with insurance companies in my business and what I have learned about them makes Al Capone look like a Disney story.
That's right, if people weren't cheating, we would be paying less than half of what we pay now.
That's partially true, but there is a lot more to the reasons that insurance is high and it all has to do with insurance claims adjusters and those who do insurance repairs on everything from automobiles to homes etc etc. Those who have heard the old story "if it's an insurance job the price goes up".......it's not a story......it's true and is costing consumers billions a year in Canada alone. Also when insurance companies take a hit from a disaster etc or a bad risk 'they' took, they can raise their rates to cover their own bad judgements and because vehicles have to be insured (under the law) and homes have to be insured if they are mortgaged......then people are betweena rock and hard spot with no alternative but to pay.
If you did not have any event (move, accident), your insuracen rate cannot increase above the approved rate withouth RGE (Really Good Explanation) from insurer.
But....... they can cancel your insurance (claiming in their view you are a high risk) and when they do you end up in a computer nightmare, an insurance computer bank of information where any insurance company that checks your records from previous insurance representatives will look at you as a high risk and for years to come you pay the highest prices.
"One day someone like Harper says enough and will nationalize the whole sector into a non-profit government run agency."
They already have something like that in Quebec:
http://www.ibc.ca/en/Car_Insurance/PQ/
Are folks in QC paying any less? Are they satisfied when claims have to be filed? Has it lowered the rate of fraudulent claims?
Considering that moving companies are usually busy moving folks out of Quebec, and coming back with empty trucks, you should be able to get a great deal on moving!
Good Luck or, as they say in Quebec, Bonne Chance!
The best thing is boycot the system, get a bicycle, use public system and loose the cars.
Well it's a lovely thought but unfortunetly it isn't all that easy for people to do that for many reasons from people's lifestyles to how cities are planned and lets not forget businesses who have to have cars, trucks etc etc to make a living. You don't even what to look at my insurance bills!
I'm a bit of a history buff and I remember a local bit of history about two stagecoaches back in the late 1800's that pulled in front of what was a local rest stop in the area. One stagecoach hit the other, broke two wagon wheels and that spooked the horses that went sideways and the stagecoach turned over on its side. The local constable came, determined who was at fault and the person had to pay for the repairs on the other wagon. No insurance, instead they had this innovative idea called 'taking responsibility for your own mistakes'.
Mind me asking what you are driving and what you are paying a year? Sometimes it's the vehicle that raises the insurance (eg: if it's a brand name and a model year that has become very thievable) Living in the city also can raise rates because there is a greater oppourtunity for accidents or other claims. Also if at one time you did a lot of driving but now you are retired and drive a lot less but they insurance company still has your information in the old form then that can keep your rate up.
Seems I qualify for some discounts.
As I said.............. "Also if at one time you did a lot of driving but now you are retired and drive a lot less but the insurance company still has your information in the old form then that can keep your rate up."
She said that it was up to me to ask.
My answer: maybe my next agent will ask.
Same happened to me when I quit Bell Canada. Suddenly they called up and said they could give me some better rates. I said "you should have offered me that earlier.........too late now"
I was talking to an insurance agent tonight and asked about the decreases that are suppose to happen. She kind of spittered and sputtered an answer that they are suppose to go down 15%.........but then she said it is all dependent on different 'factors'. I wasn't in the mood to play verbal chess with her and I was enjoying supper so I just let it go. I wouldn't deal with her and insurance anyhow.
