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Car Forum / Driving, Maintenance, Tuning / Driving / August 2006How much teen insurance increase from first accident?
My 17 year old son ran into a phone pole tonight and I'm wondering if it makes sense to report it to the insurance. Does anyone have any experience that could be used to help predict the % increase in his rate? There was a police report. Will the insurance people probably find out about the accident even if I don't report it? The car is a 99 Civic worth maybe $4k - $4500 and we have a $1k collision deductible. I have no idea of the damage yet but the police had it towed and it's supposedly in storage. I guess the next step is to see if we can get it towed for free to a body shop for an estimate. > My 17 year old son ran into a phone pole tonight and I'm wondering if > it makes sense to report it to the insurance. Does anyone have any [quoted text clipped - 8 lines] > had it towed and it's supposedly in storage. I guess the next step is > to see if we can get it towed for free to a body shop for an estimate. Who is going to tow your car for free? >> My 17 year old son ran into a phone pole tonight and I'm wondering if >> it makes sense to report it to the insurance. Does anyone have any [quoted text clipped - 10 lines] > >Who is going to tow your car for free? The body shop that wants the business??? > My 17 year old son ran into a phone pole tonight and I'm wondering if > it makes sense to report it to the insurance. Does anyone have any [quoted text clipped - 8 lines] > had it towed and it's supposedly in storage. I guess the next step is > to see if we can get it towed for free to a body shop for an estimate. Bob, if your Son got a ticket for the accident, the insurance company probably will find out about it. I can't speak for only a police report. It's hard to say if it's worth it for a $3,500 (max, according to above minus deductible) when you consider the deductible you'll pay and the amount your insurance will probably go up, if the insurance company was involved. How about the telephone pole? Was there any damage to it? If so, you should probably count on getting a bill for that and if your insurance company isn't involved, you'll be stuck paying for it. Was your Son injured at all (hopefully not)? In the end, you should probably get a bit more info and then, assuming no ticket and no telephone pole repair charges, see if it's automatically reported to the insurance company before making a decision. Charles R. Whealton Charles Whealton @ pleasedontspam.com "Chuck Whealton" <chuck_whealton@yahoo.com> said in rec.autos.driving: >> My 17 year old son ran into a phone pole tonight and I'm wondering if >> it makes sense to report it to the insurance. >> >> The car is a 99 Civic worth maybe $4k - $4500 Riced up, I suppose? >> I have no idea of the damage yet but the police >> had it towed and it's supposedly in storage. I guess the next step is >> to see if we can get it towed for free to a body shop for an estimate. > >Bob, if your Son got a ticket for the accident, the insurance company >probably will find out about it. Yup. >It's hard to say if it's worth it for a $3,500 (max, according to above >minus deductible) when you consider the deductible you'll pay and the >amount your insurance will probably go up, if the insurance company was >involved. And if there is any increase in the insurance premium, the SON needs to cover the difference from his own pocket. >In the end, you should probably get a bit more info and then, assuming >no ticket and no telephone pole repair charges, see if it's >automatically reported to the insurance company before making a >decision. Actually, there is one decision Bob should make right now: if the kid is such a moron that he can f.ck up this badly while driving a Civic (as opposed to an M3 or a G35), Bob should NOT buy him another car. Bob should tell him if he wants to drive again he can pay to have this one repaired, or he can buy a new one, once again with HIS OWN money. To do anything else will send this kid the wrong message.  SignatureI'm a wreckless driver and damn proud of it! I agree that teens must be made to understand that there are financial consequences to poor choices, including inappropriate driving. However, I believe that the decision whether to report the accident to the insurance company should be based on three things: 1) How much can we expect to recover from the claim 2) How much will it raise his rates over the next three years 3) Will they find out about the accident whether I report it or not. If I report the accident, I think it likely that they will total the car. Edmunds lists the value of it in "clean" condition as $4585. Is this probably close to what we can expect to recover, less deductible? I still don't have any information about how much his premium may increase. Is $1000 per year a resonable guess? There is still some confusion about whether the cop issued a ticket or not and whether the insurance company will be notified. The cop said that he was going to issue a ticket for wreckless operation but he gave my son a form with the item number of the accident report instead. The insurance company is listed on this form. What do you make of this? Bob >"Chuck Whealton" <chuck_whealton@yahoo.com> said in rec.autos.driving: > [quoted text clipped - 34 lines] > >To do anything else will send this kid the wrong message. > I agree that teens must be made to understand that there are financial > consequences to poor choices, including inappropriate driving. [quoted text clipped - 4 lines] > 2) How much will it raise his rates over the next three years > 3) Will they find out about the accident whether I report it or not. Your agreement with the ins co doesn't figure into this ? Graham > Actually, there is one decision Bob should make right now: if the kid > is such a moron that he can f.ck up this badly while driving a Civic [quoted text clipped - 3 lines] > > To do anything else will send this kid the wrong message. I rather agree ! How the blazes did he manage to hit a *telephone pole* FFS ? Actually, another option , if you had them there, would be to get him an Austin Metro 1.0L to drive ! Graham >My 17 year old son ran into a phone pole tonight and I'm wondering if >it makes sense to report it to the insurance. Does anyone have any [quoted text clipped - 8 lines] >had it towed and it's supposedly in storage. I guess the next step is >to see if we can get it towed for free to a body shop for an estimate. Your insurance probably says that if the damage to the insured vehicle is over a certain dollar amount, you have to report it. If you don't report such a crash, and they find out, they can refuse any future damage claims based on insurance fraud. Just something to think about. SignatureBill Funk replace "g" with "a" Bill Funk <BigBill@there.com> said in rec.autos.driving: >Your insurance probably says that if the damage to the insured vehicle >is over a certain dollar amount, you have to report it. >If you don't report such a crash, and they find out, they can refuse >any future damage claims based on insurance fraud. >Just something to think about. The more I think about it, the more ridiculous it sounds to me. If I have a collision that doesn't cost my insurance company any money, WTF should they be pissed off about that? Kindly post a scan of the paragraph from YOUR insurance policy that has this requirement. That is, if you're not just making this sh.t up. SignatureI'm a wreckless driver and damn proud of it! >Bill Funk <BigBill@there.com> said in rec.autos.driving: > [quoted text clipped - 7 lines] >have a collision that doesn't cost my insurance company any money, WTF >should they be pissed off about that? Because that crash is indicative of driving ability, if it's your fault. >Kindly post a scan of the paragraph from YOUR insurance policy that >has this requirement. That is, if you're not just making this sh.t up. Look at yours. You *DO* have one, don't you? It would probably be a good thing, since you probably don't know what it actually says. I'm amazed at the number of people who have never read their insurance policies; it's obvious they don't know what it says by the questions they ask. SignatureBill Funk replace "g" with "a" Bill Funk <BigBill@there.com> said in rec.autos.driving: >>>Your insurance probably says that if the damage to the insured vehicle >>>is over a certain dollar amount, you have to report it. [quoted text clipped - 5 lines] >Because that crash is indicative of driving ability, if it's your >fault. Since when are insuramce rates based on driving ability (as opposed to actuarially-determined risk)? >>Kindly post a scan of the paragraph from YOUR insurance policy that >>has this requirement. That is, if you're not just making this sh.t up. > >Look at yours. You *DO* have one, don't you? Do I have an automobile insurance policy? Of course. Does it have a clause that you say it does? Most defnitely not. And I suspect yours doesn't either. Go ahead - prove me wrong. SignatureI'm a wreckless driver and damn proud of it! >Bill Funk <BigBill@there.com> said in rec.autos.driving: > [quoted text clipped - 10 lines] >Since when are insuramce rates based on driving ability (as opposed to >actuarially-determined risk)? It's been a loooong time, now. High risk drivers aren't high risk because of where they live, but how they drive (among other things, like age). >>>Kindly post a scan of the paragraph from YOUR insurance policy that >>>has this requirement. That is, if you're not just making this sh.t up. [quoted text clipped - 6 lines] > >And I suspect yours doesn't either. Go ahead - prove me wrong. Well, mine does, as I will assume yours does, too, because it's one of the ways insurance companies assess risk factors, as other have told you, besides me. SignatureBill Funk replace "g" with "a" Bill Funk <BigBill@there.com> said in rec.autos.driving: >>Bill Funk <BigBill@there.com> said in rec.autos.driving: >> [quoted text clipped - 14 lines] >High risk drivers aren't high risk because of where they live, but >how they drive (among other things, like age). Every driver starts out with a perfect driving record. Why don't they also start off with the lowest rates? It has NOTHING to do with their driving ability (as individuals). Their rates have EVERYTHING to do with statistics - including such factors as age, vehicle type, and ZIP code. >>>>Kindly post a scan of the paragraph from YOUR insurance policy that >>>>has this requirement. That is, if you're not just making this sh.t up. [quoted text clipped - 8 lines] > >Well, mine does Prove it. Scan it and post the image. Put up or shut up. >I will assume yours does, too Care to place a bet? I'll scan my entire insurance policy for the right incentive. :) SignatureI'm a wreckless driver and damn proud of it! Scott en Aztlán <scottenaztlan@yahoo.com> said in rec.autos.driving: >Bill Funk <BigBill@there.com> said in rec.autos.driving: > [quoted text clipped - 39 lines] > >Put up or shut up. I see you have chosen "shut up." Wise choice. :) You are obviously confused. It is not INSURANCE COMPANY that require you to report accidents that result in more than $XXX worth of damage - it is the *DMV*. In CA, for example, you are required to report TO THE DMV any accident which causes more than $500 in damage or in which there are injuries to any person. Of course, reporting the accident to the DMV is effectively the same as reporting it to your insurance company, but that's beside the point. The requirement comes from the state, not my insurance company. 'Nuff said. SignatureI'm a wreckless driver and damn proud of it! >You are obviously confused. It is not INSURANCE COMPANY that require >you to report accidents that result in more than $XXX worth of damage [quoted text clipped - 4 lines] >company, but that's beside the point. The requirement comes from the >state, not my insurance company. $750, actually. CVC 16000. But if nobody reports it for a year, there's nothing they do about it. SignatureThere's no such thing as a free lunch, but certain accounting practices can result in a fully-depreciated one. > Bill Funk <BigBill@there.com> said in rec.autos.driving: > [quoted text clipped - 7 lines] > have a collision that doesn't cost my insurance company any money, WTF > should they be pissed off about that? Your driving record. That plays a significant part in their calculation of premium. Graham Eeyore <rabbitsfriendsandrelations@REMOVETHIS.hotmail.com> said in rec.autos.driving: >> Bill Funk <BigBill@there.com> said in rec.autos.driving: >> [quoted text clipped - 10 lines] >Your driving record. That plays a significant part in their calculation of >premium. They only care if you get a citation and are convicted. If you back into your garden wall while backing out of your driveway, and you decide to pay for the repairs yourself and not make a claim, they couldn't care less. OTOH, factors that have absolutely nothing whatsoever dto do with your driving ability, such as your ZIP code, can have an even larger oimpact on your premiums. When I moved from Podunk, Illinois to SoCal, my car insurance more than tripled. Same car, same driver, same driving record - the only thing that changed was where I parked my car at night. SignatureI'm a wreckless driver and damn proud of it! > Eeyore <rabbitsfriendsandrelations@REMOVETHIS.hotmail.com> said in > rec.autos.driving: [quoted text clipped - 18 lines] > decide to pay for the repairs yourself and not make a claim, they > couldn't care less. Sure, that's no business of theirs. > OTOH, factors that have absolutely nothing whatsoever dto do with your > driving ability, such as your ZIP code, can have an even larger > oimpact on your premiums. When I moved from Podunk, Illinois to SoCal, > my car insurance more than tripled. Same car, same driver, same > driving record - the only thing that changed was where I parked my car > at night. That's the lottery of driving insurance for sure ! Graham >> Eeyore <rabbitsfriendsandrelations@REMOVETHIS.hotmail.com> said in >> rec.autos.driving: [quoted text clipped - 20 lines] > >Sure, that's no business of theirs. Yes it is. If you damage your car over a set limit, and don't let the insurance company know, then become involvbed in another crash, how do they know which damage is which; who's the responsible one for which damage? >> OTOH, factors that have absolutely nothing whatsoever dto do with your >> driving ability, such as your ZIP code, can have an even larger [quoted text clipped - 4 lines] > >That's the lottery of driving insurance for sure ! That's not a lottery, it's based on actuarial data; if the area you've moved to has a higher incidence of reported crashes, there's a reason for it. That it's *you* who moved there doesn't change that. >Graham SignatureBill Funk replace "g" with "a" > Eeyore <rabbitsfriendsandrelations@REMOVETHIS.hotmail.com> said in > rec.autos.driving: [quoted text clipped - 18 lines] > decide to pay for the repairs yourself and not make a claim, they > couldn't care less. I wouldn't be so sure about that. Banking institutions (e.g. credit card and mortgage companies) will screw you if you miss payments with other creditors. Why? You've become a bigger risk. Credit card companies can simply dictate this - your only out is to pay off your debt completely and drop them. While I don't know this is the case with auto insurers, it certainly wouldn't surprise me if it were true - I know my agent told me I got such a good rate (and I had shopped around) because I had a good credit ratiing (along with a good driving record). > OTOH, factors that have absolutely nothing whatsoever dto do with your > driving ability, such as your ZIP code, can have an even larger > oimpact on your premiums. When I moved from Podunk, Illinois to SoCal, > my car insurance more than tripled. Same car, same driver, same > driving record - the only thing that changed was where I parked my car > at night. > Bill Funk <BigBill@there.com> said in rec.autos.driving: > [quoted text clipped - 7 lines] > have a collision that doesn't cost my insurance company any money, WTF > should they be pissed off about that? As others have pointed out, the collision is part of your driving record which they use to make rates. In addition, did the collision damage the car in such a way as to increase the probability of future claims (damage to safety equipment)? Furthermore, if you have collision coverage, the collision certainly reduces the value of the car from blue book. > Kindly post a scan of the paragraph from YOUR insurance policy that > has this requirement. That is, if you're not just making this sh.t up. > My 17 year old son ran into a phone pole tonight and I'm wondering if > it makes sense to report it to the insurance. You'd be breaking your contract with the insurance co if you failed to tell them about a serious accident IME. If they found out, they could void your insurance policy and not pay any outstanding claims. > Does anyone have any > experience that could be used to help predict the % increase in his [quoted text clipped - 7 lines] > had it towed and it's supposedly in storage. I guess the next step is > to see if we can get it towed for free to a body shop for an estimate. It may make sense financially to have it fixed yourself in which case your policy is likely to be affected less. The insurance co also cares about *claims* it has to pay out for. Graham > Bob Simon wrote: > [quoted text clipped - 6 lines] > insurance > policy and not pay any outstanding claims. So. You've had accidents while driving in the US? So much for your claims that UK/EU drivers are better qualified. FloydR > > Bob Simon wrote: > > [quoted text clipped - 9 lines] > So. You've had accidents while driving in the US? So much for your > claims that UK/EU drivers are better qualified. Qualified ? No. Better educated about road safety and good road behaviour - yes. Also it seems, less aggressive with their driving. What's your point ? Graham > Floyd Rogers wrote: >> > Bob Simon wrote: [quoted text clipped - 16 lines] > > What's your point ? Actually, my point is your posting is ridiculous and only points out that you're just another troll that doesn't know anything. 1) You claim experience in having accidents (IME stands for In My Experience). 2) The topic is about an accident in the US (since he posted from cox.net) 3) Therefore, since you're claiming experience, you must have had accidents IN THE US, and claims against insurance companies IN THE US. 4) As UK insurance and driving laws are much different than US, and you're posting in this thread, that affirms that your Experience must be due to experience in the US (with accidents and insurance claims.) That leaves us with only two conclusions: 1) You're a lousy driver for a European. Or, 2) You've never had accidents in the US and are blowing smoke, as you don't know what the hell you're talking about. Take your pick. Personally, I believe that 2) is the answer. But I will go for both 1) and 2). FloydR > My 17 year old son ran into a phone pole tonight and I'm wondering if > it makes sense to report it to the insurance. Does anyone have any [quoted text clipped - 8 lines] > had it towed and it's supposedly in storage. I guess the next step is > to see if we can get it towed for free to a body shop for an estimate. You left out some important details. Was your son cited for this accident? What was the citation for? Where did this accident take place and where is the car registered? The answer to your question depends a lot of the questions I just asked. |
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