Bring it on, bitch !
Posted on 03/09/2006 11:06:49 AM PST by kevinm13
Legislation was introduced in New Jersey Tuesday that would bar insurers from using drivers' education or profession in setting automobile-insurance-policy rates.
Assembly Deputy Speaker Neil M. Cohen, D-Union, introduced the bill in response to published reports that Geico of Washington, D.C., used such information in setting prices.
"I found out about this practice the same way everyone in New Jersey did -- by reading the newspaper," Cohen, chairman of the financial institutions and insurance committee, said. "And just like everyone else, I was outraged."
Cohen's bill, A-2819, would prohibit insurers from assigning less-favorable rates to drivers based on their education level and/or occupation. It would also prevent insurers from requiring any educational or occupational information as part of an application for coverage or continued coverage.
Why would you want to insure a doorstop?
DWA - Driving While Asian. It's serious business. Can't tell you the number of times I've been hit, cut off, rear ended, seen stoplights run, etc. by asian drivers.
I don't know what it is.
I read that preachers pay out the nose, seems the insurance companies frown on co-pilots.
'Why would you want to insure a doorstop?'
LOL! Contrary to the stereotype, mine has been a good car. Bought it with 53000 miles on it and have 90K now. No problems to speak of.
They suck and anybody that get's caught up in their scam is stupid, stupid, stupid. Stuck on Stupid!
This from only a high school graduate!
Yes, USAA gets just about all my business, from car insurance to checking, savings, investments and hopefully soon a mortgage.
Gays and lesbians will have no trouble getting life insurance. UNLESS they smoke. then hold on to the check book! Of course, smokers don't have to pay those higher premiums for as long a time! At least there's that upside. (inside joke, in case you didn't catch it)
I know. I write life insurance.
Every other life insurance buyer is paying higher premiums to offset the costs their lifestyle imposes on the insurance comapny.
What frosts me is the life insurance companies who have special pages for the GLTB's and even have marketing programs etc. for the homosexual crowds. Not special rates, mind you, they pay the same as everyone else, unless they've already contracted something.
I'm cynical enough to wonder whether it's because GEICO is PROGRESSIVE'S biggest competitor....
Bring it on, bitch !
I am amazed that insurance companies can withstand all the meddling of legislators and bureaucrats.
GEICO was/is owned by Warren Buffett. Buffett is a big contributor to abortion rights and population control. I believe he was also a signatory(along with Bill Gates and Peter Lewis)to a plea to keep the "Death Tax."
84% of Health Insurance and Health Benefits provider companies left the state of NJ when Florio created the state mandated 5 tier plans, and huge restrictions on the % of premium that most be used to pay claims.
I'm sure Rep. Cohen saw nothing wrong with this, nor anything wrong with the New Jerseyans paying the highest health insurance rates in the country today because of it.
Cohen is attacking a science he depends on, actuaries and actuarial firms don't have lobbyists, so Cohen attacks their employers and clients.
In this case the narrow generalizations are likely more unfair to that smaller group of people, but more fair to more people on average.
College student in general aren't a group I would consider safe drivers. However, in general you might be able to say they settle down more once they graduate and get jobs and build more stable lives. Insurance rates drop at 25 years of age for a reason (at least they did 12 years ago when I was 25).
My driving record is spotless and the military discount offered by Geico is pathetic.
I'm not insured by Geico, but in my experience a safe driving record will really lower your rates over time. When you don't have a long record of safe driving, they are relying on generalizations to guess the risk insuring you poses to them. Once they have more of a longer term record to go on, they can better judge by other factors.
However, they are just doing their best to guess.
My wife had an accident a while back. She was looking for a store, people were talking in the car, she looked away from the traffic light at the wrong time, and it changed. By the time she looked back, she couldn't stop in time. She his a minivan. The damage to neither car was that great and no one claimed any injuries at the time.
A little less than 2 years later we found out from our insurance company that we were being sued. A passenger in the other car had developed neck and back problems and was blaming them on the accident.
It took about a year, but the case was eventually settled for pretty close to the maximum of our $100,000 coverage. I still have no idea if they were really injured or not, but I definitely learned to value auto insurance.
— Double Indemnity.
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