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Old 09-30-2017, 04:24 AM
 
8,336 posts, read 6,251,913 times
Reputation: 2849

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Quote:
Originally Posted by CGab View Post
ALL insurance companies weigh credit heavily. Insurance companies look at a person with bad credit as one who might commit insurance fraud. They also see someone with bad credit as not responsible and therefore a risk.
As long as the driving record is good and they pay on time is should not matter.
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Old 09-30-2017, 10:33 AM
 
12,914 posts, read 6,626,432 times
Reputation: 4941
Quote:
Originally Posted by LKJ1988 View Post
As long as the driving record is good and they pay on time is should not matter.
Bad credit raises the question of paying on time.
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Old 09-30-2017, 03:09 PM
 
Location: Spring Hill, Florida
2,417 posts, read 3,735,358 times
Reputation: 2533
Quote:
Originally Posted by CGab View Post
ALL insurance companies weigh credit heavily. Insurance companies look at a person with bad credit as one who might commit insurance fraud. They also see someone with bad credit as not responsible and therefore a risk.
Quote:
Originally Posted by expatCA View Post
Bad credit raises the question of paying on time.
Both responses are spot-on.
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Old 10-01-2017, 10:04 AM
 
Location: Lakeland, Florida
6,286 posts, read 10,939,939 times
Reputation: 6886
Quote:
Originally Posted by Kenny48 View Post
I live in Pasco County Florida, on the Gulf Coast. In the past year I saw my Auto Insurance premiums rise considerably. From $610 to $716 for a six month policy. So I decided to look for cheaper insurance. I have been dumbfouded by the quotes I am getting. Anywhere from $4000 which was the cheapest with Direct Insurance to almost Eight Thousand with Farmers. This is getting ridiculous.

I am a 69 year old man. Have not had an accident in over twenty years. ( Only one when I was in my late twenties ) I cannot understand why I am getting such high quotes. I am driving a 2015 Toyota Tacoma, which is partly financed. I don't know if that could be the reason. When I asked these companies why it was so expensive, they simply said. " Florida is a high risk state."

I'm curious, has anyone else had their insurance premiums suddenly skyrocket? [CENTER]Save[/CENTER]
I got a quote from Liberty Mutual in Aug. I nearly fell on the floor. $346 a Month for a 2016 Versa full coverage but just above. State minimum coveage. I told them forget it as I pay $123 a month with Farm Bureau for more coverage. I'm 67. We may be paying higher rates I don't know.

Also check with your ins company and see if your new car discount has expired. On a 2015 model it may have. That discount is substantial.

Between the high car ins rates in Fla, that keep skyrocketing, and those not being able to get homeowners insurance. These and a few other serious reasons. I'm finding this state is impractical, for a certain segment of retirees to live at this stage of life.
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Old 10-01-2017, 10:51 AM
 
28 posts, read 15,790 times
Reputation: 104
No Fault Insurance with Personal Injury Protection required, pushed by hospitals to help cover the injuries of those without health insurance who were injured in auto accidents. Paying almost 200 a month on a 10 year old toyota, good credit and good driving history. Paid half that on the same vehicle in AZ and NC.
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Old 10-01-2017, 03:22 PM
 
1,614 posts, read 729,860 times
Reputation: 3011
Folks running around with minimum coverage or just over minimums listen up.

If, this is a big if, your credit is 730+ and you aren't using 100/300 on liability you're screwing yourself. One factor in rating is previous coverage amounts. If under 100/300 you don't qualify for the best rates. Under 50/100 they start surcharging you heavily.

So if you have the credit and clean record keep 100/300 as you're paying more for less coverage by not qualifying for the best rate tiers.

If your credit is average or poor, under 720, then work on that first.
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Old 10-17-2017, 06:40 PM
 
1,027 posts, read 390,601 times
Reputation: 394
Quote:
Originally Posted by Jimrob1 View Post
I got a quote from Liberty Mutual in Aug. I nearly fell on the floor. $346 a Month for a 2016 Versa full coverage but just above. State minimum coveage. I told them forget it as I pay $123 a month with Farm Bureau for more coverage. I'm 67. We may be paying higher rates I don't know.

Also check with your ins company and see if your new car discount has expired. On a 2015 model it may have. That discount is substantial.

Between the high car ins rates in Fla, that keep skyrocketing, and those not being able to get homeowners insurance. These and a few other serious reasons. I'm finding this state is impractical, for a certain segment of retirees to live at this stage of life.
My parents switched from Liberty Mutual to USAA. It seems every year it goes up since we lived in St. Louis. They jacked it up big time for next year so we switched and saving almost $600 for same coverage.
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Old 10-20-2017, 08:17 PM
 
310 posts, read 228,626 times
Reputation: 413
Quote:
Originally Posted by expatCA View Post
Bad credit raises the question of paying on time.
Where is this a issue? You pay up front for a period of time. Be it by the month or semi annually. You never get any type of insurance without advance payment.
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Old Yesterday, 08:44 AM
 
9,561 posts, read 9,487,273 times
Reputation: 2740
Quote:
Originally Posted by OTownKnight View Post
My premium went up about 14% this past year. They gave me the same nonsense that they give everyone else: "it's a shared cost that we have to compensate for." Or something along those lines. No wonder FL is such a highly uninsured state. People have to practically take out a second mortgage just to afford to insure their car. It's insane, but yes, we do have a lot of negative factors that contribute to it as others have stated. It's a terrible state to drive in, one of the worst in the country.
Like California, one of the requirements to register your vehicle is proof of insurance. So if they're driving without insurance they're also driving without a registration tag and setting themselves up for being pulled over by the police and going to jail, aren't they?
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Old Yesterday, 09:27 AM
 
2,534 posts, read 1,477,841 times
Reputation: 1945
Quote:
Originally Posted by thrillobyte View Post
Like California, one of the requirements to register your vehicle is proof of insurance. So if they're driving without insurance they're also driving without a registration tag and setting themselves up for being pulled over by the police and going to jail, aren't they?
Yes, but you can sign up for a policy, get proof of insurance, get the registration, and not pay the bill afterward.
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