Auto Insurance

[ASAP]

need some advice here-

I got a great quote from Geico... i am in FL btw.

I skimmed thru the policy and saw the only thing it was missing was uninsured motorist coverage. That is a bit confusing tho... this seems to only be for medical payments etc... it has nothing to do with your car.

I seperately have good health insurance and it looks like this policy has seperate PIP... so I am confused as to what this uninsured coverage would actually provide?

[BMW F22]

I’d get it. It doesn’t add much cost to the policy. I have it on my Geico policy. With how expensive things are these days, I’m sure there are a bunch of people that are uninsured.

[ASAP]

Originally Posted by BMW F22

I’d get it. It doesn’t add much cost to the policy. I have it on my Geico policy. With how expensive things are these days, I’m sure there are a bunch of people that are uninsured.

right... if i fully understood what it covered

this if an uninsured motorist hits me and somehow i end up in a hospital this pays my bills?

this is totally seperate from the car... i think insurance purposely makes this confusing... how does personal health insurance and the seperate PIP even work then lol?

[UncleWede]

Originally Posted by ASAP

right... if i fully understood what it covered

this if an uninsured motorist hits me and somehow i end up in a hospital this pays my bills?

this is totally seperate from the car... i think insurance purposely makes this confusing... how does personal health insurance and the seperate PIP even work then lol?

I'm no specialist, but I did stay at a Holiday Inn Express once: medical insurance generally won't cover things that happen to you in a vehicle accident. Oh, and $25k in auto-medical accident will barely get you from the scene of the accident to the hospital.

[ASAP]

Originally Posted by UncleWede

I'm no specialist, but I did stay at a Holiday Inn Express once: medical insurance generally won't cover things that happen to you in a vehicle accident. Oh, and $25k in auto-medical accident will barely get you from the scene of the accident to the hospital.

i am telling u... it may not be today but within due time we are going to need seperate insurance to walk outside for weather variants

i actually had a lap over w health insurance once where my new coverage started a few days before the old one ended... you would think this would provide some sort of double coverage... Wrong!

Neither party wanted to pay when I needed to see a doctor because both refused responsibility... fk all these companies.

[BMW F22]

https://www.progressive.com/answers/...ist-insurance/

[UncleWede]

Related: Medical insurance

WTF is the difference between Drductible Limit and Out Of Pocket limit???

Apparently I need to spend 12k combined before medical coverage pays

[ASAP]

Originally Posted by UncleWede

Related: Medical insurance

WTF is the difference between Drductible Limit and Out Of Pocket limit???

Apparently I need to spend 12k combined before medical coverage pays

its just a different variation of a scam-

Deductible - how much you need to spend before your insurance coverage kicks in and covers whatever % it's supposed to

OOP Limit - the most you will pay out of pocked during that year NO matter how much medical cost you have

You want to hear something f'd up? I had an insurance company at one point that sent all costs to the OOP limit as opposed to the deductible so in theory I was never going to meet my deductible before their coverage kicks in and I would need to satisfy the much higher OOP limit first lol.

[JMcLellan]

Originally Posted by ASAP

all of that ties back to corporations running the show...

either way with a ton of youngsters coming up, i expect a major societal shift in 15-20 years

It does feel like the up and coming generations will not tolerate how corporations and capitalism have such a stronghold on our lives. The gig will be up for some large companies, and even whole industries, once the younger folks simply stop refusing to support them. Very much a gut feeling but looking forward to some disruption in the future.

[JMcLellan]

Originally Posted by ASAP

its just a different variation of a scam-

Deductible - how much you need to spend before your insurance coverage kicks in and covers whatever % it's supposed to

OOP Limit - the most you will pay out of pocked during that year NO matter how much medical cost you have

You want to hear something f'd up? I had an insurance company at one point that sent all costs to the OOP limit as opposed to the deductible so in theory I was never going to meet my deductible before their coverage kicks in and I would need to satisfy the much higher OOP limit first lol.

Oh man. You are striking a nerve for me regarding healthcare in the US. United Health Care stock price was around 200 dollars per share in 2018. Currently shares are worth nearly 500 dollars. The wealth creation for shareholders and executives is sickening, meanwhile did they produce, or even influence better healthcare outcomes for their membership during that time frame? When they increase efficiency in their operations netting larger operating profits, do those dollars go to improving health outcomes, or to shareholders? I don't care that healthcare companies make profit, I just wish there was more obligation/requirement to show how they are improving outcomes.

[ASAP]

Originally Posted by JMcLellan

Oh man. You are striking a nerve for me regarding healthcare in the US. United Health Care stock price was around 200 dollars per share in 2018. Currently shares are worth nearly 500 dollars. The wealth creation for shareholders and executives is sickening, meanwhile did they produce, or even influence better healthcare outcomes for their membership during that time frame? When they increase efficiency in their operations netting larger operating profits, do those dollars go to improving health outcomes, or to shareholders? I don't care that healthcare companies make profit, I just wish there was more obligation/requirement to show how they are improving outcomes.

I think we need a single payer system that goes around the for profit insurance system and a massive reduction medical school costs which is another scam.

Somehow some way, one medical system that I am very familiar with has less people on staff than ever, went thru Covid w government support, price are higher than ever, care is the worst its been in 20 years.. and yet this medical system is massively in debt?

How? wtf is going on here and how aren't there government investigations happening becuase to me it feels like fraud

[Tyga11]

My insurance went up $75 a month for no reason. I've had State Farm since I started driving in 2003 but considering making a change and exploring options. The one thing I do like is having a local rep

[TboneS54]

Just got my renewal today, up 33% from about $150 a month to $200 now. No explanation, nothing has changed neither car related or credit score or anything. Gotta call the agent.

[dradernh]

My last annual renewal and coverage with max coverage and max deductible:



I was paying more than this from the same company in San Francisco in 1995. That was for a 1987 Nissan Sentra. Same general situation: high credit score, no claims, no accidents, no tickets of any kind, etc., etc. The zip codes, though...very different.

San Francisco was then and is now a very high risk environment for insurance companies. While our SF neighborhood was pretty quiet, it was still in SF. The zip code we're in now is so low-key that it's ridiculous compared to any zip code in SF.

[evomike]

something people really need to think about coming from someone who runs a body shop, you can save a few bucks here and there with premiums with a budget insurance company but when you go to have the car repaired you're gonna get shit parts when the adjuster prepares the estimate. Also double check your coverage after you call an agent and ask about saving money because they will cut things out of your coverage that you should have, every market is different with insurance companies but the ones you think are solid companies are now the worst.

usaa, allstate, nationwide and liberty mutual are some of the absolute worst companies to deal with post pandemic

[JMcLellan]

Originally Posted by ASAP

I think we need a single payer system that goes around the for profit insurance system and a massive reduction medical school costs which is another scam.

Somehow some way, one medical system that I am very familiar with has less people on staff than ever, went thru Covid w government support, price are higher than ever, care is the worst its been in 20 years.. and yet this medical system is massively in debt?

How? wtf is going on here and how aren't there government investigations happening because to me it feels like fraud

This article, and several others from different places, popped up in the last couple weeks. It discusses how Cigna leveraged a computer software to allow for doctors to deny multiple claims at once without having to actually review the members record. Saving money in a couple ways by not having to pay doctors as much to review claims, and in essence denying more claims. This is more profit for Cigna, less healthcare for members, and don't tell me this results in better outcomes. Additionally, who are the software development jackbutts that created this software and then let companies like Cigna buy it....

https://www.propublica.org/article/c...jection-claims

[ASAP]

Originally Posted by evomike

something people really need to think about coming from someone who runs a body shop, you can save a few bucks here and there with premiums with a budget insurance company but when you go to have the car repaired you're gonna get shit parts when the adjuster prepares the estimate. Also double check your coverage after you call an agent and ask about saving money because they will cut things out of your coverage that you should have, every market is different with insurance companies but the ones you think are solid companies are now the worst.

usaa, allstate, nationwide and liberty mutual are some of the absolute worst companies to deal with post pandemic

I was with statefarm and now headed to Geico... seems like its the same crapper on both ends, Geico is just far cheaper.

[ASAP]

Originally Posted by JMcLellan

This article, and several others from different places, popped up in the last couple weeks. It discusses how Cigna leveraged a computer software to allow for doctors to deny multiple claims at once without having to actually review the members record. Saving money in a couple ways by not having to pay doctors as much to review claims, and in essence denying more claims. This is more profit for Cigna, less healthcare for members, and don't tell me this results in better outcomes. Additionally, who are the software development jackbutts that created this software and then let companies like Cigna buy it....

https://www.propublica.org/article/c...jection-claims

jesus christ... this is becoming a for profit idocracy

[erickonphoenix]

Originally Posted by TboneS54

Just got my renewal today, up 33% from about $150 a month to $200 now. No explanation, nothing has changed neither car related or credit score or anything. Gotta call the agent.

Almost the exact same thing happened to me last January. My coverage jumped from $789/6mo to $1,140. I shopped the policy but still couldn't do better. In fact State Farm's policy estimate was $2500/6mo which would have worked out to nearly what the payment was when I bought the car.

After digging into it I found a combination of small increases in coverage packages, increased claims in my zip code and risk assessments against the BMW led to the increase. In other words, "f*ck you, pay me"

[schnellwagen]

Reading this thread makes me glad I live in California. Insurance is so tightly regulated here, they're not even allowed to raise rates without approval from the state. Gender, age, and credit score are not allowed as rating factors. Only thing that needs work is the sheer amount of lawsuit abuse going on. Lots of 100,000 USD payouts for bumper taps

[Tyga11]

Originally Posted by schnellwagen

Reading this thread makes me glad I live in California. Insurance is so tightly regulated here, they're not even allowed to raise rates without approval from the state. Gender, age, and credit score are not allowed as rating factors. Only thing that needs work is the sheer amount of lawsuit abuse going on. Lots of 100,000 USD payouts for bumper taps

Yeah, they only screw with you everything else. California is the worst state in the country by far to live in.

[schnellwagen]

Originally Posted by Tyga11

Yeah, they only screw with you everything else. California is the worst state in the country by far to live in.

You're entitled to your opinions...