Auto Insurance is a Racket!! - Chevelle Tech
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post #1 of 38 (permalink) Old Oct 8th, 18, 12:50 PM Thread Starter
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Jonathan
 
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Auto Insurance is a Racket!!

The wife's 2018 Fusion was damaged in a parking deck last week, someone hit the right rear door and took off.


The body shops are estimating $1200 in damage. I called my insurance agent and since it was a hit and run my collision will cover it with a $500 deductible. Because collision is being used the 3 year accident forgiveness kicks in and if over $1800 it could initiate insurance points. The insurance company is basically making us, the owners, at fault.


If I don't claim it and eat the cost I am out the $1200 but the car is fixed with no rate increases etc. I am still undecided on what to do.


Insurance is a complete syndicate racket! Your screwed if you have it and screwed if you don't.

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post #2 of 38 (permalink) Old Oct 8th, 18, 12:56 PM
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Re: Auto Insurance is a Racket!!

Before you decide I would absolutely check around and get some hard and fast prices. Unfortunately $1200 is pretty cheap for almost any type of repair of the type you are describing.

Bill Koustenis
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post #3 of 38 (permalink) Old Oct 8th, 18, 1:01 PM
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Re: Auto Insurance is a Racket!!

This is why people buy comprehension with 0 deductible. It's fairly cheap insurance.
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post #4 of 38 (permalink) Old Oct 8th, 18, 1:02 PM Thread Starter
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Re: Auto Insurance is a Racket!!

Quote:
Originally Posted by BillK View Post
Before you decide I would absolutely check around and get some hard and fast prices. Unfortunately $1200 is pretty cheap for almost any type of repair of the type you are describing.

So far we have had 2 estimates at about the same price, I have another shop appointment set for Thursday.

Two 72 Chevelle Malibus, both 350 2bbls one Placer Gold, one Midnight Bronze

Other cars:
2005 Pontiac Vibe
2005 Ford Excursion
2000 Dodge Durango
2003 Mercedes E320
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post #5 of 38 (permalink) Old Oct 8th, 18, 1:11 PM
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Re: Auto Insurance is a Racket!!

Change your title from “Auto Insurance” to “All Insurance” and I’m in 100% agreement with you.
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post #6 of 38 (permalink) Old Oct 8th, 18, 2:19 PM Thread Starter
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Re: Auto Insurance is a Racket!!

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Originally Posted by Stokerboats View Post
This is why people buy comprehension with 0 deductible. It's fairly cheap insurance.
I have $0 comprehensive, hit and runs are considered collisions.


I am too honest, should have said my lawnmower took off and hit the car.

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Other cars:
2005 Pontiac Vibe
2005 Ford Excursion
2000 Dodge Durango
2003 Mercedes E320
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post #7 of 38 (permalink) Old Oct 8th, 18, 2:23 PM
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Re: Auto Insurance is a Racket!!

You could just talk with the shop and have them only bill the insurance say $1500 and pay cash for the rest. That way it won't go over some minimum. Also I thought the accident forgiveness covers deductible?

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post #8 of 38 (permalink) Old Oct 8th, 18, 2:33 PM
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Re: Auto Insurance is a Racket!!

First, know that insurance companies are in business to make money... That's their #1 priority...

I agree that it a racket, but I also look at insurance as a necessary "evil" that will cover me in the event of some large "accident"... IMO, there are people that may accidentally damage their own car, and then claim "hit and run" to avoid paying out of pocket. These claims need to be paid somehow, so either increased premiums (for everyone) or raise the individual premiums to offset those costs.

To that end, I never bother using insurance for a claim, unless its absolutely necessary (functional) or I know I have the at-fault parties info...

A few years back, my wife scuffed the front bumper of another car while pulling into a parking spot... Just the bumper cover on the other vehicle, while my wife's car only has minor scratching and slight depression/scuff in the rear passenger door and wheel arch. That bumper cover was $1500 (replacement cover, painting and labor)... Since its barely noticeable, my wife's car was not repaired (it was 5 years old at the time)...


Last week, by wife was hit by a bicycle, dinging her door and scratching the fender (no noticeable damage to the bike). The bike rider rode off, because they were "late to school"... I am a little PO'd because it was a "hit and run", and now the damage will not be repaired... My daughter was the passenger, but she did not recognize the bike rider...
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post #9 of 38 (permalink) Old Oct 8th, 18, 2:38 PM Thread Starter
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Re: Auto Insurance is a Racket!!

Quote:
Originally Posted by Pioneer4x4 View Post
You could just talk with the shop and have them only bill the insurance say $1500 and pay cash for the rest. That way it won't go over some minimum. Also I thought the accident forgiveness covers deductible?

Sort of doing this. Like most Dr's offices the cash price is usually cheaper than the insurance price.

Two 72 Chevelle Malibus, both 350 2bbls one Placer Gold, one Midnight Bronze

Other cars:
2005 Pontiac Vibe
2005 Ford Excursion
2000 Dodge Durango
2003 Mercedes E320
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2013 Ford Fusion
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post #10 of 38 (permalink) Old Oct 8th, 18, 3:12 PM
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Re: Auto Insurance is a Racket!!

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Originally Posted by Chevelle_Nut View Post
Sort of doing this. Like most Dr's offices the cash price is usually cheaper than the insurance price.
When my Caprice got rear ended I got the insurance check for the damage, and got it all fixed at the shop that did the estimate, but I saved a lot off of the estimate by getting used parts myself, and did a smidge of the tear down work in the process. I rolled that savings into additional work that the shop did, so they got the full money they were hoping for, and I got more done than was damaged. BUT that was someone else's fault, and no deductible to factor in.

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post #11 of 38 (permalink) Old Oct 8th, 18, 3:24 PM
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Re: Auto Insurance is a Racket!!

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Originally Posted by 1966_L78 View Post
To that end, I never bother using insurance for a claim, unless its absolutely necessary (functional) or I know I have the at-fault parties info..
This is good advice.

I hate to pile on, but if you got a police report, you also got a report on your Carfax, for which you will not get full value for the car

should you ever trade it in or sell it.

Found out that one the hard way.
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post #12 of 38 (permalink) Old Oct 8th, 18, 3:42 PM
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Re: Auto Insurance is a Racket!!

In my opinion insurance is like gambling. It's a calculated risk whether to buy or not to buy it. My place is paid off and we've been here for over 12 years, never had any kind of insurance on it and probably never will. That money can be better spent elsewhere on things like food and heat. If it burns down or something happens I'm SOL. It's an old single wide mobile so it ain't worth much anyways. The property and shop is where the value is at my place.

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post #13 of 38 (permalink) Old Oct 8th, 18, 5:40 PM Thread Starter
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Re: Auto Insurance is a Racket!!

Quote:
Originally Posted by 69SHEVL View Post
This is good advice.

I hate to pile on, but if you got a police report, you also got a report on your Carfax, for which you will not get full value for the car

should you ever trade it in or sell it.

Found out that one the hard way.

Thought about this too, no police report was made.

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Other cars:
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2005 Ford Excursion
2000 Dodge Durango
2003 Mercedes E320
2-2018 Ford Fusions
2013 Ford Fusion
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post #14 of 38 (permalink) Old Oct 8th, 18, 6:09 PM
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Re: Auto Insurance is a Racket!!

If the damage is limited to the R/Rear door and nothing on the body or the door jamb is damaged why not shop the late model boneyard web sites for the same color door as your Wifes car ? Also since it's a new car the color should match perfectly.
That door could probably be around the same price or less than your deductable is.Any optional stuff on the doors inside can easily be transfered over if need be.Doing that could make it a true R&R operation.

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post #15 of 38 (permalink) Old Oct 8th, 18, 6:38 PM
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Re: Auto Insurance is a Racket!!

Quote:
Originally Posted by 71350SS View Post
If the damage is limited to the R/Rear door and nothing on the body or the door jamb is damaged why not shop the late model boneyard web sites for the same color door as your Wifes car ? Also since it's a new car the color should match perfectly.
That door could probably be around the same price or less than your deductable is.Any optional stuff on the doors inside can easily be transfered over if need be.Doing that could make it a true R&R operation.
That's what I would do.

My granddaughter recently got rear ended in the 03 Taurus which put one half an egg size dent and a few black scratches in the rear bumper.
Since the car is in my name State Farm had to deal with me.
I said I want to fix it myself and they gave me a check for $75?.??

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