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"In 1956, Progressive Casualty Company was formed to write auto insurance for high-risk drivers."
That's right, folks—at one point Progressive wrote ONLY non-standard policies. And Progressive still does write to the non-standard market. Let's compare Kemper Auto, State Auto, Progressive, and Travelers in terms of non-standard auto practices:
Progressive:
SR-22? Yes
Lapsed insurance? Yes
Suspended licenses? Yes
Reckless drivers? Yes
Fleeing the police? Yes
DUIs? Yes
Foreign Licenses? No
Bad Credit? Yes
2+ Accidents? Sometimes
2+ Tickets? Sometimes
State Auto:
SR-22? No.
Lapsed insurance? Yes
Suspended licenses? No.
Reckless Drivers? Sometimes
Fleeing the police? No.
DUIs? Sometimes
Foreign Licenses? Yes
Bad credit? Yes
2+ accidents? Sometimes
2+ tickets? Yes
Travelers:
SR-22? No
Lapsed insurance? No.
Suspended licenses? No.
Reckless drivers? No.
Fleeing the police? No.
DUIs? No.
Foreign licenses? No.
Bad credit: Sometimes
2+ Accidents? Sometimes
2+ Tickets? Sometimes
That would be "Within the past three years," correct?
We don't write state minimum coverage! It's not the market we want to be in. I suppose it's better than nothing, but a responsible individual would and should have more coverage.
Also, Progressive is NOT a non-standard company. It's actually one of the largest insurance carriers in the country and is considered a standard carrier. The fact they will take almost anyone is because they are large enough to accept to risk. Of course, they will rate the heck out of you if your record is not considered good or if you need an SR22, but they will insure you!
How much difference in premium is there between writing state minimum coverage and let's say a 100/300 policy that would cover liability, uim, and um? Is the difference more than $20 a month? Are people really unable to afford decent coverage? Frankly, I'm skeptical. I know in my own case there is not much difference between minimum limits and a real insurance policy.
How much difference in premium is there between writing state minimum coverage and let's say a 100/300 policy that would cover liability, uim, and um? Is the difference more than $20 a month? Are people really unable to afford decent coverage? Frankly, I'm skeptical. I know in my own case there is not much difference between minimum limits and a real insurance policy.
Actually I have seen the opposite where "good insurance companies" give lower premiums for higher liability limits. Meaning one could get a better rate with 100/300 coverage than with state minimums. Insurance companies feel people who want only state minimums are irresponsible. Now going from the standard 100/300 coverage to say 250/500 is different, yet still not an outrageous difference.
That would be "Within the past three years," correct?
Most insurance carriers go back 5 years, however there are a few that go back only 3 years on tickets and violations, but accidents are typically 5 years.
Most insurance carriers go back 5 years, however there are a few that go back only 3 years on tickets and violations, but accidents are typically 5 years.
Ahhh okay, sweet.
I had my own insurance once, a looooooooooong time ago. (I've had my share of impounded cars!) I remember once I think in "2006" (?) that an insurance person let me know, or asked me, if I had accident "Within three years.." Maybe it was 2004, as I once stupidly did get in one with Mom's car (I was 19, I don't believe I have ever gotten in another accident.) And something about it was like that week or two or three days or something that it was outside of the "three years."
I'm probably not getting my own insurance anytime soon, I'm just fine driving someone else's (registered and insured) car, thanks, whatever thoughts are on that, save it, that's how I'm doing it.
That would be "Within the past three years," correct?
I believe that Kemper goes back 5 years whereas State Auto is 5 on accidents and 3 on tickets. I'm not sure how far back Progressive goes. Gainsco only goes back 3. Travelers goes back 5.
How much difference in premium is there between writing state minimum coverage and let's say a 100/300 policy that would cover liability, uim, and um? Is the difference more than $20 a month? Are people really unable to afford decent coverage? Frankly, I'm skeptical. I know in my own case there is not much difference between minimum limits and a real insurance policy.
Let's take a real case. I won't give many details because I don't want to compromise the person's identity, but his insurance just lapsed -- he couldn't pay. He was with State Auto.
I just ran a requote scenario. Progressive is his best fit.
The car is a 2018. He has:
DUI 2014
Speeding 2018
Open Container Violation 2018
Accident 2018 (x2 same date … could be duplicate).
Improper Passing (same date as accident).
Proposed Insurance:
25/65/15 with $1,000 comp and collision
Down Payment: $923.70 (30% down)
Alternate Quote:
100/300/100 with $1,000 comp and collision
Down Payment: $1,134.60 (30% down)
So for this guy, switching to 100/300/100 is an extra $210.90 just on the down payment. He won't pay this. He couldn't pay his State Auto insurance, which was $283 a month. Now that he's lapsed, State Auto won't take him back, and I don't blame them.
This guy is out on the street in his new car, speeding, with an open beer in the car, improperly passing, and getting into accidents.
And now he's uninsured, and the vehicle is financed. So let's be careful out there.
------------------
Edit: His license is suspended now too.
Let's take a real case. I won't give many details because I don't want to compromise the person's identity, but his insurance just lapsed -- he couldn't pay. He was with State Auto.
I just ran a requote scenario. Progressive is his best fit.
The car is a 2018. He has:
DUI 2014
Speeding 2018
Open Container Violation 2018
Accident 2018 (x2 same date … could be duplicate).
Improper Passing (same date as accident).
Proposed Insurance:
25/65/15 with $1,000 comp and collision
Down Payment: $923.70 (30% down)
Alternate Quote:
100/300/100 with $1,000 comp and collision
Down Payment: $1,134.60 (30% down)
So for this guy, switching to 100/300/100 is an extra $210.90 just on the down payment. He won't pay this. He couldn't pay his State Auto insurance, which was $283 a month. Now that he's lapsed, State Auto won't take him back, and I don't blame them.
This guy is out on the street in his new car, speeding, with an open beer in the car, improperly passing, and getting into accidents.
And now he's uninsured, and the vehicle is financed. So let's be careful out there.
------------------
Edit: His license is suspended now too.
What does the down payment cover? Four months insurance?
You're also quoting a very high risk driver. I'm thinking more in terms of average drivers. Figure maybe one moving violation (not DUI) over a three year period.
Let's take a real case. I won't give many details because I don't want to compromise the person's identity, but his insurance just lapsed -- he couldn't pay. He was with State Auto.
I just ran a requote scenario. Progressive is his best fit.
The car is a 2018. He has:
DUI 2014
Speeding 2018
Open Container Violation 2018
Accident 2018 (x2 same date … could be duplicate).
Improper Passing (same date as accident).
Proposed Insurance:
25/65/15 with $1,000 comp and collision
Down Payment: $923.70 (30% down)
Alternate Quote:
100/300/100 with $1,000 comp and collision
Down Payment: $1,134.60 (30% down)
So for this guy, switching to 100/300/100 is an extra $210.90 just on the down payment. He won't pay this. He couldn't pay his State Auto insurance, which was $283 a month. Now that he's lapsed, State Auto won't take him back, and I don't blame them.
This guy is out on the street in his new car, speeding, with an open beer in the car, improperly passing, and getting into accidents.
And now he's uninsured, and the vehicle is financed. So let's be careful out there.
------------------
Edit: His license is suspended now too.
Thank God I've never had a DUI, and never will.
We, that have had licenses suspended (can be suspended for Child Support, no relation to driving...........) ... are always thankful that they can be reinstated.
Moving violations? Haven't had any of those in awhile.
Accidents? Again.. Past the age where they look, I was young and stupid once.
New Jersey is odd.. Points (I think they call them "Insurance Surcharge" points, different than "Insurance Eligibility" points? I do not know) DO fall off at 3 per year, but if your license is suspended then NOTHING happens with it until it is "restored." Most odd.
*Zosimus: I'll bet your Anonymous client (who is not savvy enough to read here and know it's him being quoted, in a scenario almost like or similar to his) is paying on just the car now, and had Insurance for just long enough to do the deal on the car, now is just hoping to not get caught... yes?
I have to say... I am not to this point yet, and I am still fine driving other's perfectly insured cars, and it will probably be like a solid decade in when I can even APPROACH Insurance, whoa, BUT... If there were *reasonable* rates of insurance, then I could see myself having it, if I could comfortably swing it.
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