What car insurance companies don't tell you about rates

[@conchobar]

The main problem is you can go decades without filing a claim, yet your auto insurance company will continue to charge you a "High Risk" rate.

[@Daniel-gm3ip]

because there cheap pr-cks

[@Jsoldier22]

I don’t mind wasting money on insurance because that means nothing bad happened

[@omarjamal161]

@@Jsoldier22 stupid thinking

[@toastedkiwi4358]

if they do, shop around! if you are really a good risk at least one carrier will give you a better rate

[@valeriesanchez3074]

Company promises good rates. You purchase their plans. Years down the road, have accident, insurance company refuses to pay repairs. Legal scamming. So why even have insurance

[@lryuzaki1192]

Here's a question, all those who have lawyers, do you PAY your lawyer a monthly fee? Or is it a ONE TIME FEE? WHY ISN'T CAR INSURANCE/LIFE INSURANCE ETC. ANY *DIFFERENT?!!*

[@angelabowen2325]

A year later and still noone answers.

[@JasmineDavis-vg6wt]

@@angelabowen2325 2 years later and no one answers

[@elite4124]

Mafia with a title.

[@110americalovingpatriot2]

Wouldn't it be nice if you or I came up with some idea(car insurance) that the government forced everyone to purchase so they could travel the roads every day to do necessary things like go to work or to the grocery store! I think insurance should be like taxes, you pay all year and if you dont use it you get a portion of it back like 80%.. I've always said that little piece of paper in your globe box is the most expensive piece of paper you will ever own!! I hate insurance companies it's a total RIP off!

[@bladeporter6194]

110% America Loving PATRIOT Yes👍

[@mbburry4759]

Since when do you get 80% of your taxes back???

[@jamesgand828]

80 percent is a little excessive but yes, there should be a refund for safe drivers. Now remember that if you do get into an accident, it's your insurance company who steps in and helps with paying most of it.

[@paigesmith800]

@@jamesgand828 doesn't Allstate do that?

[@paigesmith800]

And I know when I use to have state farm, I received a check

[@jimmyskinner6726]

INSURANCE PREMIUMS: I haven’t had a wreck in over 40 years. I haven’t had a ticket in over 30 years. i drive to town from the country about 2 or 3 times a week. I am retired and on a fixed income. I don’t go out and party or drink or smoke. YET… My ‘’’liability’’’ insurance ONLY is as high as my brother’s insurance. His insurance is only $100 higher than mine: YET, he has complete coverage. COMPLETE COVERAGE. From bumper to bumper. He has a 2017 Chevy Silverado 4 door cab. I have a 2005 Chevrolet 1500 which is valued at only 1500. IT'S ALL A CROOKED SCHEME. This all comes after lobbyist (crooks) pay lawmakers to make it a law where you have to have car insurance. The USA has fallen and become habitations for demons.

[@billwashinski4961]

Get this -- companies really don't care how much you drive. People lie about that anyway. Drinking or smoking is for HEALTH insurance, not auto insurance. For the record, there is no such thing as "complete coverage" -- how much would your insurance pay if you hit and injured my daughter in a car accident? If she paralyzed, do you think I wouldn't see to it you were sued? different states have different guidelines. Michigan rates are astronomical, but if you are injured in an accident the potential for medical bills is unlimited. In Florida there is more Insurance Fraud than anywhere in the nation due to PIP laws and suing your own insurance company. If you REALLY want a lower rate, there is a legit formula to obtaining it.

[@SirTalkAlotJr]

tell us this formula

[@jaccan473]

James Skinner Amen to that!!!

[@claudiaclaudia936]

Sounds like u need a new Truck Buddy

[@kylemcleanreeve7398]

And yea what’s the formula?

[@lryuzaki1192]

"You'll save more money by switching insurers." Thank you. I PLAN to!

[@kauigirl808]

Go with a broker that doesn't charge high initial fees.

[@theadjuster6760]

Everything is a rating factor credit, adress , age , driving history claim history, vehicle type, even when you shop for new insurance non at fault will impact your rates. How many miles you drive. Look for companies that go back 3 years not five. Even road side assistance claims impact your rates. Lapse in coverage is a big one rating factor

[@conchobar]

The problem is how those factors are weighed. Right now, auto insurers are weighing credit score over driving record and in many instances even filing a single claim. So having a higher credit score can overcome filing a claim vs someone who never files a claim, has a clean driving record, but has a low credit score.

[@yellowspike3344]

@@conchobar There are some company that weight less than others but still its total bs

[@davidquinones1400]

I strongly agree, car insurance look into credit scores to know how much they can charge you regardless of your driving record. It seems like a type of Bribery charges. Driving record should be the primary definition of your rate or premium. Contact the Department of Insurance in Washington and let them know that car insurance "Bribery" is immoral and unethical.

[@giovanibenelie8556]

David, your plan is only food for the swamp alligators, frogs, and many other animals, as well as fish, amphibians and reptiles.

[@davidquinones1400]

@@giovanibenelie8556why are you saying that?

[@methatlovescats3602]

1 person wrecks they punish everyone. That's why your rates are going up!!

[@giovanibenelie8556]

Sucks! Everyone and anyone can get auto insurance, just like licenses in California.

[@LewieLeway]

Bill Washinski, are you the patron saint of insurance companies? You seem very keen to protect them. Insurance companies prey on people. They use ads to panic folk into insuring for just about everything. When it comes to claims they do all they can to get out of paying. When they agree to pay out they offer pathetic amounts and reduce the payout by using ‘excesses’. Regarding cars, they use a pricing ‘guide’ and pay the bottom book price where as in reality there is little chance of replacing the car for the amount offered. I could write several pages pointing out how they scam us all but I’ll just tell you one story. The 9/11 incident in New York proved that insurance companies are taking us all for a ride. I was sub contracting for a roofing company at the time. After 9/11 the companies liability cover doubled. They tried to get a more competitive quote. All the insurance companies had got together and agreed not to take on new clients effectively forcing their clients to pay double. They did this until they recouped their losses. This was blatant market fixing. Insurance companies can never lose if this is allowed. They say that each client is ‘risk’ assessed. In reality there is no risk as all they do is pass the cost of any ‘loss’ to other people. It’s a ‘legal’ immoral scam!!

[@jasonortiz5938]

Credit score can’t be used in the state of California as a rating factor.

[@godessofyouguess]

Really?

[@waaazupd1948]

Insurance companies want your money and then pay up to the states to be allowed to take it

[@misslady5645]

I’m paying 1,115 to even get insurance and then 563 a month 😑 giving my car up tomorrow I’m over it

[@jamesgand828]

That's insane! I pay like 45 dollars a month and I am a 30 year old guy.

[@scorlingonzalez9003]

lol ur lucky, they charging me 2.5k for a nissan altima 2012 i aint paying that

[@valentinsanchez960]

my family have insurance but we never claim it unless the other driver is at fault . if u have a car accident just pay out of ur own pocket its cheaper then having a higher pay rates. so yes insurance are meaningless with more tax

[@Veganphobic]

So how do I get a better insurance credit score

[@ricerealtor980]

So which companies don't use credit scores to determine your insurance premium?

[@kauigirl808]

Drove over 20 years. Only accident was reversing out of my space hitting someone else reversing too. My premiums is worth more then my car. 😏😏

[@04dram04]

This makes perfect sense to me

[@PatrickBaptist]

Insurance is just another con on the public, I don't bother with it. And before you start on me, answer me how insurance is going to make me drive safer when I already prepaid for property damage vs I'll goto jail if I damage your property and not pay??? And well for injury how does being fully liable for yourself going to make you more unsafe than knowing someone else is paying for it huh??? I use to have loads of incidents when I was young, once I stopped with the insurance so did the accidents....

[@bennymathew8531]

Please explain more

[@jojohns9670]

lmbao... lol at "once i stopped with the insurance, so did the accidents"

[@TheSpydersBand]

This video is a good example of the blind leading the blind.

[@blazeww4275]

Ones that rates go up the more miles you drive completely ignoring the driver as an individual and looking at statistics instead of driving records

[@es-qf2gw]

Some of the most safest driver on the road are the ones who get behind the wheel everday, logging over 25k annual.

[@mountshine13]

Great video ✌

[@danschwartz1950]

So misunderstood. Insurance companies not unlike other businesses use statistics and have proven time and time again are actuary sound in determining the risk of a customer. The insurance score is proprietary to each insurance company and the data they collect can vary from company to company - but credit score (or component of) is most commonly used as a predictor as to who is most likely to file a claim. Common sense will tell you living paycheck to paycheck you cannot afford a $1000-$5000 out of pocket expense, but others can.

[@DdDd-zo2ll]

Yep I was hit by a Amtrak here in Illinois a few months ago my car insurance did not go up

[@MrAirsoftKid98]

Still the same, or did it go up?

[@leeevans1786]

thats was helpfull thanks

[@trafficjon400]

Fair or not fair would be more like the meaning because outrageous could mean lots of things. unfair or Scammed Scams. and even if you go ten years you are still scammed a high rate.

[@kennethperry1036]

wow that was amazed me

[@hassenmohammed2380]

My payment for a month 334 a year almost 4000 a year that not fair for the people

[@ranaright2047]

Which model and vehicle you have

[@04dram04]

@@ranaright2047 Im betting a new BMW

[@codacreator6162]

Credit score is NOT a fair prediction of driving safety, but it can indicate likelihood of your filing a claim. Rich guys often pay out of pocket to repair their property (despite having insurance). This keeps their premiums low and their insurance record more or less in tact (your claims history is shared amongst other insurance companies, like your checking account behavior may be shared between banks (ChexSystems). It’s a way of predicting who may over time cost more to insure, but it’s entirely unfair, from my point of view (former licensed P&C claims agent) as it essentially punishes consumers for using their insurance. What insurance companies really want is a no-risk, profit rich business environment. And that often leaves consumers in weeds. Never mind the discrimination it represents when charging much higher premiums for poor credit despite a perfect driving record. Let me tell you, the lower income insureds are much more careful in their driving than the wealthy, who don’t fear DUI, accidents, speeding, etc. because they’re self-insured or protected as high value by insurance companies. I wrote my congressional representative a couple of years ago about this, but essentially got nowhere (GOP/Business-first state).

[@SambiRuciofficial]

oh no

[@elitex50]

Why not make it a law a Federal one, who ever owns a license or car to pay monthly flat rates to the government and have the government take care of it since its against the law not have insurance. Not some corporate schmucks making billions a year.. Who ever causes more than 2 accidents a year is probably incapable of driving and should not be driving. It would remove dumb drivers off the road also. Think about the future. Is the United States only going to think for the capital interests or its People for once? #STANDUP

[@maksymivsteven1610]

Predicts the dependability of capitation based services

[@walidzein1]

Biggest scam in the world

[@johneaves26]

It's all a scam! Scamco gave me $160 discount making 6 month total higher than last 6 months.

[@claudbill4286]

amazing

[@frankjacob3600]

need info

[@geraldromero7084]

title is insurance

[@jameswood3580]

Get a good agent who has access to many insurance companies.

[@Solidsnake999]

Insurance is a scam

[@tenzackyogi1742]

NYC zip code is very expensive.

[@thomasholmes5194]

thanks for solusion

[@elmerkelly8131]

wow amazing

[@daniellamoreno3616]

What is this real??

[@charlesjohan3708]

good thanks

[@peregrinehilton688]

yes

[@tobywoods8075]

you are good please keep going

[@APC9906]

Not much said

[@matthewblack8548]

yess

[@MaJeSTiCz0]

Credit score says slot man it’s not even about driving

[@oswaldfarmer707]

wow that was awsome

[@covertree4170]

Michiganders have been overpaying for auto insurance since 1972: 100% more than the national average. Due to a state-wide policy reform on July 2nd, 2020, every resident is eligible for savings of up to 50% on their auto insurance. Answer a few questions on www.micoverageguru.com/ to instantly get the advice, quotes, and savings you need!

[@richardanthony2275]

nice

[@roxannaghita6093]

This should be illegal!!

[@alwayssok]

You saved money when you switch insurance company!

[@alwayssok]

@The TacomaKid I switched twice! But still way better than my previous one and the one that my husband bought for decades (when he is single) 😁Can you tell me what company are you buying from? Maybe I can switch again 😂

[@thag7749]

Credit has 0 correlation to driving it’s all a scam

[@brianmilton6538]

interesting

[@matthewrichards5141]

thats was good

[@colorlight9702]

Car insurance make us pay for same thing agai. And again never be own!!!!!!straight theft

[@worldtopvideoscollectionsh7384]

Hm

[@nelsonsemedo7165]

like it

[@nelsonsemedo7165]

nice insurance it

[@arroyogold]

in Brookln n.y.c car insurance is so high because of Racism

[@merfyndafydd]

I find it interesting that this woman is generalizing for most insurance companies, most insurance policies, and all states. Each state has its own laws regarding how insurance companies are allowed to rate their policies, and the number of factors that insurance companies look at to determine each individual rate are vast. The rating of insurance is not as simple as she made it sound. Contact your state's Department of Insurance to find out more about insurance rates are determined in your state.

[@darrellzachs5185]

yaya

[@fullaggro432]

Lmao. Only some of this is true, worked for insurance for years. Also they can't pull your credit without your payment.

[@markmesan8758]

ispire a lot

[@geraldromero7084]

mafia law

[@brittonspears7660]

enak

[@mikemencon6462]

Credit score does matter!

[@antoniogaul670]

She is a hot blonde

[@rayperez2638]

Antonio Flores. She's not 4 you.

[@frankjacob3600]

nice

[@vinny9854]

Insurance is a scam