Pay As You Go Car Insurance » Insurance Coverage

Is insurance a worse scam than Social Security?

Author — Sun, 08 May 2011 06:53:59 +0000

Insurance is a con. Worse than Social Security, even – because you pay in and (normally) never get anything back.

Consider: You pay say 0 a year to insure your car. Over a ten year period that comes to ,000. Gone. Out the window. You’ll never see it again.

Think about this. Most people don’t have major accidents. Insurance companies know this – and bank on it. For every dollar they pay out (grudgingly and after much-ado, usually) they take in probably ten more. Insurance companies are hugely profitable enterprises. I won’t call them businesses, because businesses – properly described – provide a useful product or service. They also don’t force you to to be a “customer,” as insurance companies do, having successfully egged on their bought-and-paid for agents in state government (that is, politicians) to pass laws making insurance “coverage” mandatory.

It is no coincidence that the bankrupting of America has tracked parallel with the rise of FIRE (Finance, Insurance, Real Estate). When you add up car, life, health and home insurance, many people are spending ,000 a year or more for …. nothing! They’ve been gulled into believing they’re “covered” but they’ll be disabused of that notion if they ever have to file a claim. Yes, the insurer might pay… something… eventually. But if it does, it will also double – or cancel – your premiums for future “coverage.” Ask anyone who has filed a major claim. Even after decades of just paying in. As soon as the math starts working out in favor of the insured – even a little bit – the terms of the relationship are swiftly altered to correct the imbalance.

Now let’s talk about car insurance specifically. It was made mandatory on the argument that it’s just not right to permit people to operate potentially lethal and always dangerous motor vehicles on public motorways without the driver having the means to compensate potential victims for any damages or injuries he might cause.

But that was just window dressing. The real motive was to create a coerced and captive “customer” base that had no choice but to pay up. Government-enforced cartels are secure from market pressure; they don’t have to worry about pleasing people – because the people have no choice. Oh, they can shop Tweedledee, perhaps. But he’s not much of an improvement over Tweedledum.

read the rest: http://www.lewrockwell.com/peters-e/peters-e40.1.html

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I've long felt the same way about insurance (actually, I'm much more opposed to insurance than the author of this article is). Most people who purchase insurance are basically just throwing their money away. Basically, you would be better off if you took all the money you use to purchase insurance and stuffed it under your mattress (although that isn't a good idea because the Dollar's value is only heading down and I doubt it will ever increase in value again).

I agree that the rise of "finance" and real estate as major sectors of the economy has been disastrous. The entire "finance" industry is basically backed by the Federal Reserve's policy of endless inflation. The finance industry is a "good investment" during the artificial booms (fueled by the Fed), but when the inevitable crash hits, you will lose your money. Real estate was just a massive bubble which fraudulently sold consumption goods as "the best investment you can buy" (does this remind you of today's college advertising?) and got a bunch of suckers deep in debt to the banks.

Nobody my age (early 20s) who isn't wholly ignorant of reality (and yes, there are many people my age whom that description applies to) looks at Social Security as anything other than a Ponzi scheme that will transfer our wealth from us to our parents (who blew their wealth on real estate, insurance, and on dubious investments with the finance industry). Nobody under 30 will ever see a penny from Social Security (I doubt anybody under 40 will). One of these days, people will look back at the Obamacare debate and see how the Democrats compared that debacle to the even worse debacles of Social Security and Medicare (as if these were good things!) and be horrified that people actually held such views. Yet, the insurance industry is even worse than Social Security when it comes to cheating people out of their money for little or nothing in return. It is truly sad that people are willing to hand over their money (and other things much more valuable than money) for nothing more than (often empty) promises of "security."

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Car Insurance – PLEASE READ!?

Author — Wed, 02 Feb 2011 06:53:54 +0000

In 2004, I saw a car that I wanted to buy at a Nissan car dealership and I took out a loan. At the time I didn't know anything about insurance. It was all "greek" to me. I was very young and had no one to help me out.

Anyway, I went to American Family Insurance and the agent seemed very nice. I told him that I wanted to buy this car and before I could finalize everything I had to show proof that I had full coverage on the vehicle. He told me that I most definitely had to get full coverage and I signed the paperwork, gave him a check and my insurance coverage started.

I NEVER CHANGED MY COVERAGE!! (Let me make that clear). So 1.5 years later my car slid on the ice and another lady thought she could speed to get around me and she instead hit me. The officer stated that none of us were at fault because I was sliding when I should have been in control of my car and she should have never tried to pass me so we would each be responsible for our own damage. Right away I called my agent and he later called me back and stated I didn't have collision coverage and I would have to pay out of pocket for my damage. Again, I didn't know anything about insurance and I had totally forgotten that collision was required so I believed this guy. I left it at that but was very upset with him because he stated that I didn't have collision coverage and I told him that as a professional insurance agent, he should have told me that I needed full coverage on this practically new car!!! So, 6 months later, it was still bothering me and I left him.

The car wasn't drive-able (I had to pay 0 just to fix something with the wheel mount) and then it was drive-able but there are dents in the car and damage that equals ,000 to fix. That may sound cheap to some of you but it isn't to me.

Just 3 days ago, I was telling this story to someone and they told me that I should have had full coverage on the vehicle and I should look into this. I called American Family and a lady is doing some investigating because she could see I had insurance on my car in 2004 but didn't know what kind. But, she confirmed that my car was under a lien and the insurance agent would be required to put me on a full coverage in the state of Wisconsin.

So, this lady stated she would call me back on Saturday. In a perfect world, she could state either 1). You had collision coverage at that time and your car will be fixed at our expense or 2.) Your agent never put you on full coverage.

Come Saturday, what if she says that it turns out my agent never put me on full coverage? Isn’t he at fault? Everyone (including their own company) states he should have known to put me on full coverage! So, can I try suing the company?

I’m thinking even though the lady was really nice and told me that my insurance agent should have known better that I’ll hear something from them stating that their computer system shows that I was a client in 2004, but they don’t know what type of coverage I was on. In the end, they will probably want to cover their butts.

Please offer any suggestions! THANKS! And yes, I have become more knowledgeable about insurance for my sake.

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Business Scams and taking advantage of people. Car/Insurance problems?

Author — Sun, 16 Jan 2011 11:41:49 +0000

I am in desperate need for an answer here because I am running out of time. At the beginning of this year my husband was involved in a car accident. The car was totalled. We were still making payments on the car as well had a another yr to go. In our monthly payments we were supposed to have comp and collision insurance for 18 months of the loan and we were paying for this extra coverage that the finance bank was giving us in our monthly payments through western general. I also found a paper that showed we had gap insurance for the full 2 yrs of the loan. Come to find out, we never had this insurance coverage at all. We only had our libility through another insurance company. The owner of the finance company got weird when i told him that western general could not find a policy for us so he said he would contact them. he offered to place us in another car and take the money we would have used for the car payment and put it towards the other car. we ended up putting down 1000..and said that he would take care of the other car. the car he ended up placing us in had PREVIOUSLY been in an accident and was fixed (very poorly) he did not tell us this right in the beginning but waited a week later when we agreed to come back and put down the remaining down payment. Unfortunally we had no choice...we needed a car are credit isnt that great and we needed transportation...and i knew that we really didnt have insurance...even though they kept telling us we did. we took the other car. Few months later when i was still dealing with this whole problem i went back to the owner and told him that the insurance company was telling me that we did not have a policy at all that one was never even established for us. he said that wasnt true...yaddy yah but not to worry cuz he took care of the loan.
so then something occured to me.
we are being financed for a salvage car just a little over 12,000 which i told them was a ridiculious amount in the beginning but of course they made up their story as to why they could charge that. which he said he took off 2000 for us.... whoopie doo...it is possible that he attached the balance of the other cars loan to this car without telling us? and if so is that fraud and can i legally sue him for money that should be owed to us as well as time and suffering for having to drive such a piece of crap car? if so do you know of anyone that i can take my case to? please help me here time is of the essence.

Additional Details
im 21 yrs old. i went in there by myself. they think im young and naive and maybe in some ways i was but thats why i kept going back and trying to get them to solve the problem. and they wouldnt. they kept telling me i am wrong when i know im not. we needed a car...we still have to get to work... and i thought wow this guy is really nice just letting us get another car through him....i guess that was dumb of me. he totally took advantage of me i feel.

AND when we signed for the car he placed us in. all he gave us was the contract to sign...he didnt give us anything else. no dmv papers or anything. nothing. we havent even signed anything reguarding the other car.

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Inexpensive Life Insurance!

Author — Fri, 08 Oct 2010 08:40:50 +0000

So, you’ve decided to purchase existence insurance. Well then, you might have made a very good choice! If you might have dependents, you know that you must supply for them long after you happen to be gone. Purchasing existence insurance policy shouldn’t be a budget buster either. Take a look at the following options which can aid you conserve huge time!

Shop On the net: You will discover numerous companies that will give you zero cost living insurance cover quotes appropriate online. By entering your personal info, the amount of insurance cover protection desired, and policy terms, you can obtain within moments sufficient quote information. Naturally, you can want to talk to an agent at some point, but at least you may get a very superior ballpark figure to consider. Some great sites for you to visit comprise: Insure.com; SelectQuote.com; ReliaQuote.com, IntelliQuote.com; and InsWeb.com. You will discover several others, so do some comparison shopping.

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More Savings: Do you want to conserve even much more cash? Pay the premium all at once. Monthly or quarterly payments normally carry a surcharge. By paying the entire premium in advance you can conserve around 5%.

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You can find more information about endowment life insurance, endownment policies, and meaning of endowment

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Low Cost Auto Insurance: Some Info About The AA Car Insurance

Author — Fri, 08 Oct 2010 08:38:46 +0000

Obtaining insurance coverage for your vehicle is really a must. When getting such insurance, you may want to be certain that you get it from a convincing firm, as an insurance firm with a bad record would make life tougher for you in the process. As a low cost auto insurance, AA car insurance has garnered acclaim in many states around the globe, which include UK and New Zealand. Obtaining your car insurance from such a firm with a positive record would significantly provide advantage to you as the owner.

You might have any possibility of having a better deal from larger firms, and AA car insurance might be obtained reasonably. The costs would depend on your choice of insurance policy and how you get your insurance. For example, you might be able to obtain rebates by getting AA car insurance online, thru the web. It wouldn't take more than one or two mins. for you to obtain a quote online.

It's a simple rule that when talking about getting insurance of any sort that, you should go to a company with the mandatory experience. This is one reason for the approval for AA car insurance. Of course, the firm has operated for over 100 years and has changed into a big insurance firm, particularly in Britain. Life insurance, travel insurance and numerous other policies are also being offered by the company. The company is also well known for the finance services that it promotes, but AA car insurance still remains very much at the heart of the organization's activities.

You have to generally try to get the finest and the most elaborate insurance policy you could afford, whether or not you try to get either a car insurance or life insurance. You get many extra benefits from obtaining such a policy though the initial cost would be rather higher than usual. People who have some information on AA car insurance may have heard of 'insurance road cover plus' policy offered by the firm. Having at least a third party auto insurance would be mandatory, but always attempt to get the very best possible insurance cover whether you are getting AA car insurance or car insurance from some place else.

Aside from being a low cost auto insurance, lifetime fix guarantees and no claim bonuses are some other advantages that you are going to be nicely positioned to enjoy from obtaining AA car insurance. Log on, go through the policies being offered by the firm and try and get the absolute best vehicle insurance quotes that you can probably obtain. This little bit of effort you put now will save everybody plenty of the $ in the long run.

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Vintage Classic Car Insurance Rates

Author — Thu, 07 Oct 2010 07:09:28 +0000

That antique car you've got in your garage for so many years needs to be insured, just like almost every other common motor vehicle would be. Nevertheless, traditional insurance plans will not typically apply to vintage cars. They require some thing different. Having said that, with the web, it's painless for any person to check antique car insurance online quotes

Many folks assume that it is very tricky to find insurance coverage for an classic motor vehicle, but the truth is that you'll find a wide variety of businesses that make available this plan today.

There are a whole lot of organizations that have solutions for antique cars and trucks, so it should not be a problem obtaining something that fits both your budget along with your needs.

Are you aware that many car insurance providers supply traditional autos insurance policies today? In case you have a custom or even antique family car you'll be able to probably gain from the collectors car insurance plan.

Check with a agent from an insurer for even more information and facts and you will be in a position to establish the right choice regarding your situation. You ought to get the most effective balance concerning the insurance coverage that you need and the cost you may afford to fork out. The broker can support you with all that.

In comparison to the previous scenario, the amount of options when it concerns vintage classic car insurance policy is tremendous.

You may possibly locate higher charges if you check out major companies though, since they’re not specialised on antique car insurance, however the added expense will be worthwhile in the majority of circumstances, because of the additional stability plus track record of that provider.

One can find furthermore a number of corporations that are independent and working with automotive enthusiasts solely, though that suggests that you could need a second company to cover your typical vehicles. It could be more difficult to obtain insurance protection in the event that the sports car is particularly rare, mainly because the choice can be a tad more restricted.

This is due to the fact uncommon cars are also very difficult to fix, thus it is not easy to quote expenses.

It’s a lot more common each and every day to get hold of old cars, so more organizations offer these insurance policies every day, and also several of them are actually specializing on them. You can get a lot of insurance policies companies available, therefore be certain that you select the suitable one for you.

Identify just where to acquire vintage classic car insurance quotes at my internet site today. Uncover where to come across cheap car insurance quotes via the internet.

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Some Standard Ideas On How To obtain Automobile Insurance

Author — Wed, 06 Oct 2010 04:54:02 +0000

If you're a motorist then you can find two vital pieces of documentation that you simply need to be able to drive legally. These will probably be your driver's license and a valid vehicle insurance policy plan. Without these two you will probably be driving illegally and therefore can be fully punishable under the law. When in search of appropriate automobile insurance coverage you can find a number of steps that you have to take.

The first step to take is to consider your exact insurance policy requirements. Do you'll want to get a comprehensive coverage? Do you only require basic protection? Take into account how considerably coverage you have to have and how very much income you are willing to spend on your auto insurance plan policy prior to you take any further action.

As soon as you've got done this you might then need to acquire the required details that you just will require together so as to collect estimates. You might need to have personal information, such as your name, address, marital status, date of birth, and numerous others.

You may also have to have details about the vehicle that you are seeking to insure and also data about your driving history if it can be relevant.

Whenever you have the vital data collectively you can then begin to collect rates. There are a couple of unique techniques in which you are able to accumulate with each other quotes and it truly is very best to gather together at least five excellent estimates to compare. Go online and uncover some suitable comparison sites. Input your information and you must get a list of prices to decide on from.

You may also do this by going direct to numerous insurance coverage providers or by phoning them up.

When you've your 5 top quality estimates collectively you may then evaluate them to be able to locate the most appropriate plan. At the end of your day you'll find three main characteristics of any quote that will probably be really critical.

Although everybody will have their own individual criteria, these 3 will likely be essentially the most vital.

As such, you must take into account the coverage that you simply are receiving, the provider that you simply are acquiring it from, and also the value from the quote. Each single quote that you just assemble needs to tick the coverage box along with the reputable provider box in specific. The price of your quote really should only be considered when both of these boxes have been ticked.

In the event you can locate a appropriate prices that offer you the necessary protection you would like and ones which are also offered by reputable providers then you will discover a number of things that you could do to be able to decrease the price of your policy.

One this kind of example of this would be by raising the deductible on the coverage. Raising the deductible will often result in lower premiums, but you undoubtedly will need to be sure that you could cover the deductible in case you were to file a claim.

You should also think about the payment schedule that you simply set out for your quote too. If you desire to save some income and wish to simplify the whole process then it's undoubtedly a good notion to pay for the entire coverage up front. Paying monthly only result in additional costs that you choose to really should desire to steer clear of.

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