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mp170.6

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Posts posted by mp170.6

  1. 18 hours ago, AngelsLakersFan said:

    Im pretty sure car insurance is a scam

    I know a guy who sells insurance.  By his own admission, he is substantially overpaid for the work he does -- he makes well over $200K -- has a few BMW's, owns a 6 bedroom house, etc.  I think his college degree is in Biology or something unrelated.

    Makes me wonder how much of our premiums go directly to the wages and benefits of insurance employees. 

  2. 38 minutes ago, Catwhoshatinthehat said:

    I know at one point my renewal assumed I was driving so many miles a year which was incorrect because I drive less than the average driver.  Contacted my broker, got them the support and got an updated renewal quote.  Maybe Lou can chime in as I believe he works or worked in insurance but perhaps they assume someone drives x miles a year unless they require an odometer reading.  

    A couple years ago, when I gave my agent a lower AAA price, I think she manipulated some stuff (i.e. temporarily deflated) my annual mileage so the premium would be competitive.  Then, it ramped back up again with future renewals.

    Good intentions at the time, I'm sure, but it came back to haunt me.

  3. 41 minutes ago, Catwhoshatinthehat said:

    I've had Mercury for years and never had this issue.  Once a year or less I send my broker the odometer readings using oil change receipts with mileage as backup which they use to calculate how much we're driving.  Do you have a broker or have you been dealing with Mercury directly?     

    I have a broker.  Just this week, they enrolled me in a "special program" to give them odometer readings once or twice a year. 

    Wonder why they wouldn't request odometer readings on a regular basis anyway? 

     

  4. My car insurance rates (Mercury) have been increasing by 10% every six months.  This trend has continued for a few years now.

    I found out these idiots have been bumping up my annual mileage with every policy renewal.  They never ask for odometer readings and I figured they stuck with the annual estimate I gave them a couple years back.  Completely on their own, they've decided I drive far more miles than I actually do.

    When I called BS the other day, I was suddenly eligible for a $150 rebate, just for the current renewal period.  They won't refund several hundred more for past renewals, even though they admitted the mileage estimates were inflated.

    Do other companies pull the same crap? 

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