i wouldn't feel all that bad about letting the big corporate insurance company pick up the tab.

it's chump change for them.

all the misrepresentation and fraudulent activity costs combined?

still chump change compared to what these powerful and rich companies put in their deep deep pockets.

shame on me? shame on insurance company.

 

"Being aware of the costs involved" and being able to afford them are not one in the same. I made my comment based on what you wrote in your first post.

I still stick by my original opinion. Of course I would love to save an extra $900 a year...who wouldn't. I would not do it by gambling on coverage of a $30k sports car.

If you wanna lie about your location and take the chance more power to you. I for one will fore-go the $900 difference and take solice knowing that when my seats are stolen or I am the victim of a parking lot hit and run I will pay my $250 deductible and my insurance company will foot the rest of it (or at the very least not deny me because I mis-lead them).

Again...my .02 cents.

Craig

 

I dislike insurance companies as well, however "two wrongs don't normally make a right" and by mis-leading them you are essentially gambling on your coverage.

So as this pertains to the original thread starter it becomes a question of what can he afford to risk rather than "is it right or wrong".

Craig

 

[QUOTE=JAXrsx,Apr 26 2005, 10:30 PM]"Being aware of the costs involved" and being able to afford them are not one in the same.

 

I've found that no matter what you post on this forum, there will always be an a-hole who tells you you cant afford this car (like its a lambo or somthing) or you can't handle the RWD (like its as different as switching from an airplane to a helicopter). just ignore craig. He'll keep posting nay-saying BS until the thread goes dead.

This is a good topic. A lot of people want to talk about insurance stuff. I am moving from PA to WI, so my insurance will be going down, but there will be a point between moving and informing the insurance company where i will want to be sure that my car is still protected.

 

If only you knew how wrong you are about insurance. FYI, the auto insurance market has not been profitable as a whole in fifteen years. Many small companies have gone under and many states have had to start incorporating additional fees on existing policies to cover claims for companies that have gone bankrupt. For those of us in FL, FIGA assessment fee might be a familiar term to you. Some other states such as North Carolina the state government has taken over the liability portion of the insurance market and it's coming out of your taxes. For those of you who live in New Jersey or Massachusetts many major insurance companies have withdrawn from your state such as the one I work for. Many people in downstate NY can't even get insurance now because of fraud.

This plague of misrepresentation has not only affected auto insurance, but all forms of insurance. It's only a matter of time before corporations quit providing health benefits for their employees because it's too expensive? Why? Reason#1 Fraud, Reason#2 Frivilous Lawsuits.

Please provide accurate information. The insurance companies are not as rich as you think and you are taking insurance for granted. Just wait until you can't get it anymore. Remember, you do not have a right to have insurance.

 

I did that in college. Went to college about 80 miles from home. It was cheaper to insure with college address than home and the car was at college 5 days out of the week. I don't think the insurance company would refund the money if I showed them proof of residence in college now, so I won't shed a tear if I could save some money.

Although, I wouldn't do it if I lived elsewhere, because it would cause a lot of headaches. But if I were bouncing around or still in college, I'd insure it with the cheaper of the two, especially if the 2 locations are close by each other.

 

I just do random confusing stuff with my insurance. I had a permanent address in WA, license in WA, car registered in WA, going to school in CA, insurance in CA. God knows if it was legit, but I figured the car was here more often than in WA, so I'd insure it here. I'm considering registering my next car in CA even though I still have a WA license.. I bet the cops would love that if I got stopped.

Once I get a f/t job I'll switch everything, but until then I'll enjoy being able to choose where to register my car/get my license.. and possibly where to insure my car, but I think there's really little to no difference.

I think as long as you have a good explaination, you're fine. In college it works well -- you can either tell the insurance company "I'm at school more often than I'm home, so that's why it's insured there" or you can tell them "my car is registered at home/that's my permanent address, so it made sense to list that on my insurance" .. either way works.

but if you're actually living somewhere and insuring your car somewhere else, that's kinda sketchy.

I do love everyone who always claims you can't afford the car.

Next some guy will come along and say "why do you need insurance? If you can't afford to self-insure for collision and liability, maybe you shouldn't have this car" .. haha. Funny how people on boards for more expensive cars don't pull this crap

 

I faced this situation when I first moved to college with a 300zx twin turbo. Taking my agent's advice, I had my father co-sign the title of the car I purchased in order to reduce the insurance fees by about 50%. When I left for Austin, I was told by my provider that the rates would be adjusted since I was paying my bike/car insurance from austin versus houston now which proves i did not live with my parents; therefore removing any previous discount. She clearly stated that although they do not consider that fraud generally, they can and will decline coverage in some cases; especially if the car was involved in a very costly accident while in austin. Moral of the story, I had to sell the car.

 

You did not state anything in your first post about being aware of the costs of onwership. THAT POST was the one I ORIGINALLY replied to!!!!!!

In my SECOND post I thought I clarified that, but apparently I didn't. I DID NOT tell you twice that "you cannot afford the car"...I have no clue where you got that from.

Maybe I did jump to an unfair conclusion and for that I apologize, but never did I post anything in an "un-civil manner". You asked a question and I offered some insight and an opinion (excluding the comment about not being able to afford it, which again I apologize for). Sorry for trying to help.

Craig