Insurance
 

Just wanted to know what insurance companies actually insure modified cars? I'm with state farm and they wont insure my car no matter what. I'm hope that some of you have disclosed your mods to your insurance company and they are covering you. Any info would help.

state farm is the worst insurance company in the world

Try RBC. #### 1 800 royal 28. I gave them a legit appraisal from a ceritified appraiser and they then insured my appraised car.

disclose your mods and get ready to bend over :smilie_au

i've owned 3 vehicle with engine mods and swaps.. insurance has never once known..
But i did an insurance project in college and the co-operators didn't mind motor swaps

What morons, wait till claim time. "Oh you have a more valuable and swapped engine?, sorry we only cover what you paid for." :smilie_da

thats true.. but why would i claim.. first i never have collision, so it wouldn't matter.. but how often if you get in a accident does a collision repair garage have to replace motor.. if its that bad, write it off....

What happens if your car is stolen then, you'll get book value even if you had a nice built motor!? Its not about replacing the motor or parts but fraud.
You have a lot to learn about basic ins., hopefully you do everything by the book :eyes:

How about when you make a claim, you have a claim adjuster come and inspect the damage. First sign of mods and your insurance is now void, also they usually drop your policy. I'm not about to have that happen to me, also car book value is 5000 and my car is appraised at 18,000, now that would kinda suck to have my insurance voided. According to my current company even my cold air intake voids my policy.

^ Blame that on Statefarm.

yeah for sure there a bunch of dicks, but I've also contacted all the other companies in town and there not willing to touch it either. They all say I should try the toronto area.

HOLD ON.. i dont understand why u would want ANY insurance company to know if u have mods done to your car.... if its a normal company then your ed up the ass ... and if its a special company for moded cars your going to be paying MADDD prices..

So my point is here ... the insurance companies are ing us over so i think we should all find a way to them even harder.. BTW.. a friend told me tonight that one undisclosed insurance company profited 600% for the year 2004.. and there telling us that is not a scam...

P.S. im happy ive found my way to them over.. and im even happier if someone from an insurance company reads this.. in cocksuckers

You know they're many many modified cars insured with "regular" ins. companies, even in Facility Association? If you put loads of $$ into a car(which means you have $$) it would be entirely foolish to not pay to insure it for what its worth. No ins. company made 600% profit, lol, you know they are audited by Sarbanes/Oxley and the Ontario Government! :cool:

Like many have said good luck on claim time, hope nobody gets hurt as YOU will be paying all their bills :ohwell:

who is this facility assosciates I've heard that before?

A market of last resort for High-Risk drivers and is an independent body with its own set of rules, it is somewhat mandated by the government as in they set the prices. There are three companies that are "Service Carriers" for them: ING, Co-op, and RS&A all will have identical premium quotes if not someone screwed up, big time.

YOU DO NOT WANT TO BE THERE :knock_tee

On CTV news the other day, it was talking about this latest bit of information for insurance...ING's profits rose 600% quarterly and total revenue's are forecasted to top 1 billion annually. Other companies are expected to follow the announcement with similar results/forecasts...If EVERYBODY just stopped having insurance altogether, it would be a reality check for them but since morons don't know how to drive here nobody will open themselves up to that risk...Hell, in NYC they don't pay even half as much as us and it is BAD driving there

I think insurance is a good idea, but what it became over the years is complete bullshit, The whole point of insurance was so that we can depend on them if something happens, but we cant since they are going to us over later on, my family paid for a 3 thousand dollar repair on a hit and run because we didnt want our insurance to find out, and rise for the next 5 years, even if its by 100$ a month(if we are lucky) we will end up paying 5 thousand later on.

Every little ticket will get you ed, doesnt matter what kind of ticket too, speeding, careless, or burnt out lightbulb.

Why the does your insurance rise when you get in an accident and its not your fault ? youve paid insurance all those years so that money is used in this accident, not for the pretty pink paper.

i want to sign up with that SOLO insurnace deal thats going on... I read about it in anyother thread and they are working on find 5000 ppl to sign up.. or at least give interest.

THis insurnace policy would covere anything that you have modded... as long as its appriased properly

Most regular ins. companies ALREADY DO THIS! :newbie: It would be nice for that company to exist but bad drivers are bad drivers and should have higher premiums, unfortunetely we pay for their losses. :smilie_da

No, most insurance companies do not already do this...And if they do, you can't afford it

They're looking to cover street-legal modified cars. They're not looking to cover bad drivers.

If you have more than two minor tickets on your record or more than one accident, you won't get in. Even the person who did all the organizing work behind that insurance isn't eligible to be covered under the group policy.

If the accident is not your fault, the insurance companies can't raise your rates for that accident. That's Ontario law. But just because you're not charged for an accident doesn't mean that you are not at fault whether in part or 100%. Fault for a crash is determined by Ontario government fault determination rules, not just by whether or not you were charged as a result of the accident.

I've claimed for crash damage from TWO hit-and-runs in the last five years, $3000 damage for one and $10,000 for the other. In one case my car was parked, and in another I was hit while driving down the road. My rates didn't go up, and I pay no surcharges. In fact, they actually dropped by about 15% in the last two years and I'm looking forward to more cuts on my next renewal.

If you're on a full G license, you're allowed at least one and with most insurance companies two minor tickets in any given three year period. If you're running a G1 or G2, then yes, one ticket can result in surcharges. But a person driving on a learner's permit should be out learning how to drive properly and not learning driving habits that attract traffic tickets.

By the way, a burned out light bulb doesn't result in insurance hikes. That's a minor equipment violation. Insurance hikes result from moving violations.

The biggest reason that you have auto insurance isn't to fix your car. It's to provide medical care, therapy, loss-of-income protection and death benefits for you and others in your car when your driving fails to measure up to your self-perception of skill. Just one year of disability payment, medical care and therapy will far eclipse anything that even the most highly-surcharged person here would pay out in many many years of paying for insurance.

Youre right, thats the idea of insurance.
I dont know which company you are at, but I want to go there too.
if they are not slimebags, and what you are saying is correct then I would only end up with one ticket that the insurance will look at, operate motor vehicle without, because all the other ones are not related, exessive noise, improper muffler, register, all those dont relate to a moving vehicle and I could of gotten them standing...

But you know thats not going to be the case. Look I have no claims on my record, in fact the only ticket where i was endengaring anyones safety was an 86 in a 60 km/hr at 3 am with nobody on the road but the cop(year ago).
But im still going to get ed with insurance by tickets that dont reflect my driving habits.

Insurance just needs a reason to raise the premiums, and the only reason its relativley cheap on clean is because the starting rates are still somewhat goverment regulated, as soon as there is any reason you are ed.

All rates are government regulated, including surcharges for poor driving records. They all have to approved by the government.

Unnecessary noise is a moving violation.

And what's "operate motor vehicle without"?

Im with liberty mutual. I was paying 240/m on my 89 turbo Supra. My car was recently stolen and had alot of obvious modding. They said nothing about that and settled quick and with a good fair price. They are very nice to talk to over the phone too. an A++ company for us.

They are now part of TD Insurance. Still seem good though

without insurance, you remember the thread.... it whatever, im ed either way i dont want to talk about it, im out.

Driving without insurance is a minimum 100% surcharge for the next 5 to 7 years. Those surcharges will help your insurance company cover the payouts they have to make because of damages caused by OTHER uninsured drivers.

You suggest that the driving without insurance does not reflect on your driving habits, but it does reflect on your ability to make good judgements, and that in turn is also a known factor in assessing the risk factor of a driver.

Why dont they ask about gambling habits, drunking habits, criminal record check, all those effect driving habits, If insurance would really want to know about your judgement and not increase premiums to make money they would want to find out details about the incident, If you are speeding because your friend broke his head and if you are speeding because you want to show off in front of your girl should be treated completley different.

Same with my ticket, an intersection drive through sidestreets should give me a 50% surcharge for example than a speeder without insurance in the middle of yonge street.

you understand where im coming from, and if you think about it, they have the manpower to do this, because they have a broker there always available to give you estimates they can have somebody there getting your disclosure and reading it over.

SoloCanda is coming out with a private insurance company that will insure your MODIFIED car with any AGE/LICENCE CLASS (g1/g2) STARTING $1500/year if you have a clean record. there is a post in there which explains everything and allows you to ask questions - this is hard to believe but tru, also its FULL coverage the only thing they dont cover is death but im sure that most of us arent even thinking of that!!!

well they need 5000 "forms" (no tie-downs just a few questions; name/type of car) to show that there are people interested and they will be able to get policies. they are at around 3000 right now i believe we should all do this (i already have) im sure everyone on this site will get a better quote at them then any other company in ON no matter what you record is

http://www.solocanada.ca/ is there website the first page has a "big red button" that will get you to the "form" page.

In the US, some insurance companies take your credit rating into account when evaluating your risk. The theory is that someone financially strained will 1) be under greater stress when driving raising the risk of accident and subsequent claims payout, or 2) be more likely to commit insurance fraud to gain relief from financial pressures, thus increasing the risk of subsequent insurance payouts.

Criminal record involving driving behaviour does count in insurance rates - imapired, over 80, dangerous operations of a motor vehicle, criminal negligence, etc.

If you are speeding because your friend broke his head, the cop may end up just escorting you to the hospital and then later, after maybe or maybe not giving you a ticket, the cop will tell you off and suggest you call 911 next time. Still, even if you do get a ticket, how many times is that (friend's broken head) likely to happen? Most insurance companies give you one or two ticket freebies.

But if you regularly get tickets, what does it matter what your excuse is each time? There is a direct statistical correlation between ticket infractions and risk of accident. As a result, number of tickets is a measure of risk.

The insurance companies will not send out someone to investigate each and every ticket charge or each and every accident and the reasons behind it. To do so they would have to increase their manpower by many times, and you know who will pay for that added expense. And in most cases, it won't make a lick of difference.

So instead, we get categorized into broad groups by age, vehicle type, place of residence, number of minor, major and severe tickets, and license suspensions. You can't do much about age or place of residence, but the greatest single effect on your rates in the long term are the choices you make as to what kind of car you drive and how you drive it.

Actually, the person driving this isn't even eligible for his own insurance deal. He has 4 tickets in the last three years.

They don't want bad drivers. They want fairly clean records. If you have 3 or 4 tickets you're considered a bad driver and not likely to get a quote from them.

well that sucks! but i guess to most people who have a fairly clean record it will be pretty damn good! 1500/year is less then what drivers 17-24 pay for a shitbox! some people pay that every 4months.

I know that they dont want bad drivers... no insurance company wants bad drivers.

My record is not too good, one minor and one 29 Over with no accidents. My premium hasnt gone up since the last major ticket just beacause i renewed it before i went to court.

Whats funny about all this is that in europe everyone starts off on the same level .. i.e. they have low rates as in $100/euro a month.. and if they get into an accedent then there rate goes up accordingly ... NOT the TOTAL BULLSHIT like in canada where new drivers start off at $9000 or ($600/month) as they wanted me to for my older Audi..

Im seriously thinkin of driving without insurance... the fine i will get if im caught is $5000 i have heard... i will be saving $4000 as apposed to the $9000 a year if i do get insured ..
HOW ED IS THAT?!?!?!?!

this is to anyone in the insurance field>>>> :smilie_fi :smilie_fi :smilie_fi :smilie_fi :smilie_fi :mad:....IN S

It also takes a lot more demonstrated driving skill to get your driver's license in most European countries. Taxation on new cars and high fuel prices mean that fewer people drive cars and for shorter distances when they do. Together, this means there are a lot fewer incompetent snot-nosed young drivers on the road.

Now, you think you can save $4,000 per year by driving without insurance? Why are you having to pay $9,000 in the first place, unless you already have a piss-poor driving record?

The fine for driving without insurance starts at $5,000 to $25,000 for a first offence plus up to one year license suspension. If you get caught trying to use a phony insurance slip, add an extra $10,000 to $50,000 for a first offence on that too. On top of that the JP can order your car impounded for up to three months on conviction for driving without insurance, and after that three months you also have to pay for all the towing and storage costs before you get the car back.

Mind you, once you get the car back you probably won't be able to afford to drive it. You'll be forced onto Facility insurance and their very high rates, and on top of those high rates you'll be looking at minimum 100% insurance surcharges for the next 5 to 7 years.

If you instead choose to again drive without insurance, you then face driver's license suspension again, three-month vehicle impoundment as a certainty, $10,000 to $50,000 fines for doing so, and an additional $20,000 to $100,000 for producing a phony insurance slip if you do that. And, having already been convicted for it before, you can bet that your name and cars will be on a hot list with your local police dept, which means that this time they'll be looking out for you and can catch you even faster.

If you get caught as a result of an accident, the insurance companies behind the car or cars or people you hit will come after your personally for all damage and medical, loss of ncome and therapy payouts. The uninsured drunk who ran into me last year is facing all of those fines, vehicle impoundment, paying to replace her own totalled vehicle, PLUS lawsuits from my insurance company and the insurance company of the other car she hit in her rampage. My insurance company wants back the money they spent fixing my damaged truck, and the other insurance company wants back the money they paid for a written off third car plus the medical and loss of income payouts on the person she injured.

If she ever drives again, she'll pay thousands a year in insurance surcharges on top of all that. Her decision to drive without insurance will cost her well over $100,000 and maybe as high as $200,000 out of her own pocket by the time the overall tally is added up, and she was lucky in that she inflicted only very minor injuries on the other driver beside me that she hit. Had someone died....

And you plan on potentially putting yourself in the same place to save $4,000? Sure, good one. :eyes:

wow.. there goes here life... driving without insurance is just not worth it... dont get tickets, what till you 25, then drive.. TTC is a good way around :knock_tee

5000 if you get caught. lets say you get caught after one day of driving... shitty.... and if someone REAR ENDS YOU (their fault) you pay for their car, and you get slapped with a 5g ticket

not just that ploicy thats starting but a lot of insurance companies will not take people on now if they had an accident on record..

look man I got caught after 2 years of driving without insurance(i had an insured car, but one wasnt, and I took it often), I was young and thought like you, its not worth it, yeah i saved 10,000 dollars minimum, but during about the last 2 months before i got caught I started realizing, what if I hit somebody, think about it, if you hit somebody and they start saying their back hurts you cant do all, you have to hire a ing private detector and a health specialist while paying the er for pretending his back hurts while hes partying.

also the court money, the insurance hike after, what if somebody crashes into you, you have to run either way, then you get ed for some er crashing into you and writing down your plate, running from scene, listen dont be stupid, im telling you its not worth it. also if you try to fake the slip, the ticket for that is around 20,000$$$ so remember all this while you up your life.

exatly.. theyrip you off but cover your ass from the law