TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Insurance company won't renew my policy... 1 claim only

Discussion in 'Model S' started by skboston, Nov 19, 2015.

Tags:
  1. skboston

    skboston Member

    Joined:
    Aug 30, 2014
    Messages:
    249
    Location:
    Wilmington, MA
    @eye.surgeon

    How is that my fault exactly?
    By your response I would have to assume you've never encountered an animal on the highway. When you're moving at highway speed and something comes running fast from the side late at night at collision course and you can't see it, tell me how do you avoid it?

    If you can answer that question you might be onto something big!
     
  2. Barry

    Barry Active Member

    Joined:
    Aug 9, 2013
    Messages:
    1,403
    Location:
    Colorado
    Fact of life - insurance companies practice legal extortion.
     
  3. Twiddler

    Twiddler Member

    Joined:
    Apr 19, 2012
    Messages:
    551
    Location:
    Central TX
    The coyote is clearly uninsured after all of those roadrunner incidents
     
  4. electracity

    electracity Active Member

    Joined:
    Jun 8, 2015
    Messages:
    3,702
    Location:
    60606
    Insurance companies are in business to make money. $1200/year on a $100K expensive to repair car is no way to make money.
     
  5. supratachophobia

    supratachophobia Active Member

    Joined:
    Sep 24, 2014
    Messages:
    3,512
    Location:
    Columbus, Ohio
    Time X amount of people who never make claims? Yeah, its a great way to make money.
     
  6. electracity

    electracity Active Member

    Joined:
    Jun 8, 2015
    Messages:
    3,702
    Location:
    60606
    How is insurance not a free market? How is money legally accumulated to buy a model S except through capitalism?
     
  7. FlasherZ

    FlasherZ Sig Model S + Sig Model X + Model 3 Resv

    Joined:
    Jun 21, 2012
    Messages:
    7,031
    It's about a free market as the ACA is considered optional healthcare. If you can live with fines, suspended license, and the occasional impound fee, then sure - it's a free market. It's state-sponsored extortion, and regulated on the other end so not just everyone can get in on the cash cow.
     
  8. JMG

    JMG Member

    Joined:
    Feb 26, 2015
    Messages:
    366
    Location:
    NE Texas
    That still may not work. A vehicle titled to a business (or used in a business, regardless of how it is titled) will need to be on a commercial auto policy. There are some exceptions, like if you are a realtor and drive your car in a business, some companies will allow a "business use" rating on the personal auto policy. But if you are using in a method of carrying materials or customers on a regular basis, then it will definitely need to be on a commercial auto policy.

    If you do use it driving to/from clients houses, etc, then you might be able to get it on a personal auto policy (but it will need to be titled to you personally).

    Hitting an animal is considered a comprehensive claim in most states, so it will not go down as a collision (at fault) claim. You can't help it if an animal darts out into the road in front of your car.

    A single comp claim should not be a reason to non-renew. A single comp claim is not a bad claim history. Your agent should be fighting for you here. There are pretty strict regulations about how/when an insurance company can refuse to renew a policy.

    Now if they are truly non renewing because your agent is no longer representing them, then that is the reason and not your claim history. Maybe your agent is trying to ignore the fact he lost his contract? If all else fails (and if the lost market is truly the reason), then you might be able to find another agent that represents them and sign a BOR (Broker of record) letter and transfer your policy to them and get a renewal.

    Just a few suggestions.
     
  9. Shaggy

    Shaggy Member

    Joined:
    Aug 9, 2015
    Messages:
    403
    Location:
    Austin

    Because the ACME insurance company rarely pays out...
     
  10. slappy

    slappy Member

    Joined:
    Nov 14, 2015
    Messages:
    10
    Location:
    Fort Mill, South Carolina
    I had Commerce a decade ago when I lived in MA and they stunk. I had a claim in NJ and it took them weeks just to get an adjuster out. I never understood that strange insurance monopoly MA setup that prevents "normal" companies like State Farm, Geico, etc from operating there.
     
  11. hybridbear

    hybridbear Member

    Joined:
    Oct 6, 2015
    Messages:
    522
    Location:
    Minneapolis
    This is exactly why these claims are usually handled under the comprehensive part of your policy. We have a document from Geico as part of our policy that comprehensive claims for hitting animals will NOT increase our insurance rates. However, too many claims does give Geico the right to not offer us a renewal.
     
  12. skboston

    skboston Member

    Joined:
    Aug 30, 2014
    Messages:
    249
    Location:
    Wilmington, MA
    Well, I don't see how 1 claim is too many. I've had no other accidents or violations with the car or on the policy.

    I still haven't looked into new insurance company as I still have time, but I should have it all changed within the next couple weeks and will update what happens next.
    MA is weird for sure, it took out of state companies like Progressive and Geico ages to comply and enter the local market. I remember in 2010 it was Progressive that entered first and shortly after Geico.
    I still prefer to deal with local companies as their rates are much lower compared to Geico and Progressive for my case.
     
  13. skboston

    skboston Member

    Joined:
    Aug 30, 2014
    Messages:
    249
    Location:
    Wilmington, MA
    I got my new policy written by a new insurance company and I can't be "happier" - went from $1200 a year to $3100...

    I still have time until the old policy expires, but chances to find cheaper than that are slim to none.
     
  14. Canuck

    Canuck Well-Known Member

    Joined:
    Nov 30, 2013
    Messages:
    6,197
    Location:
    South Surrey, BC
    I feel your pain but it's a damn good deal compared to our rates in BC. I have 30+ years safe driving any my Tesla insurance is still over $3k (with the maximum discount). I had to declare my 17 year old daughter as the principal driver of our Leaf and her insurance was over $3k. Then she had a minor at-fault accident in a parking lot and it doubled to over $6k! So I pulled the comprehensive from it and paid $3.5k (if she totals it, I would be more concerned for her than the loss of the car) and sure enough she was rear ended stopped at a light and the repairs were $15k! It wasn't her fault, so no cost but I went after them for accelerated depreciation/diminished value and they gave me $5k for that. As I said in another thread, for my two vehicles, my kids vehicle and my wife's vehicle I pay over $12k after tax dollars in vehicle insurance alone. And we've only had one at-fault accident on the policies.

    That's ICBC and socialism insurance for you! (I'm all for socialism when it comes to education, health and caring for the elderly, sick, weak and those truly less fortunate, but it ends there!)
     
  15. kort677

    kort677 Banned

    Joined:
    Sep 17, 2015
    Messages:
    4,853
    Location:
    florida.
    I am getting a new Tesla tomorrow to replace my 2014 Tesla, and my premiums went down about $300 a year to $980 a year.
     
  16. S'toon

    S'toon Knows where his towel is

    Joined:
    Apr 23, 2015
    Messages:
    3,291
    Location:
    AB
    I looked up the Tesla insurance rates here in SK. We're the ones who invented the "socialist" insurance model you're writing about. The rate is something like $107/month. Somehow I don't think "socialism" is the problem.
     
  17. RAW84

    RAW84 Member

    Joined:
    Oct 6, 2014
    Messages:
    540
    Location:
    Boston
    I, too, feel your pain. MA rates are always high. I always get jealous of rates I see people post here from other parts of the country.

    Add a claim, and it almost makes one want to just turn in his car and start hitching
     
  18. green1

    green1 Active Member

    Joined:
    Mar 25, 2014
    Messages:
    4,552
    Location:
    Calgary, Alberta, Canada
    Alberta, not so socialist, full coverage for under $900/year...
     
  19. William13

    William13 Active Member

    Joined:
    Mar 19, 2011
    Messages:
    1,003
    Location:
    South Bend
    I had a near miss of a deer today. I slowed down due to the area then scanned the area. I had to slam on the brakes. Slower reaction or driving faster or not scanning carefully or looking away. Bam.
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC