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Ripoff posted:I'm honestly shocked at how high my rates are, especially given I haven't had a traffic violation in more than 7 years and one accident when I was 16. But... There are plenty of people with low wages that maintain good credit and a ridiculous amount of high earners who have garbage credit.
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Feb 12, 2017 20:42
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There are lots of places that equate "good credit rating" to "responsible person". Having credit rating affect premiums is no weirder to me than the fact that marital status does.
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Feb 12, 2017 20:50
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It's an insurance company. Their entire business is calculating how likely different groups of people are to get in an accident and cost them money, and the more accurate they can be with that, the better. I'm sure that somewhere in their petabytes of actuarial tables they can show that people with bad credit are more likely to make insurance claims for whatever reason -- either they have more accidents or they make claims more often or both. It doesn't mean your credit rating has anything to do with your likelihood of paying the premiums.
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Feb 12, 2017 21:39
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blugu64 posted:Doesn't Tesla buy a lot of off the shelf components from existing auto part suppliers?
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Feb 12, 2017 22:37
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I had Progressive attempt to double my rate after my car loan dropped off my credit history. I had no credit cards at the time or other debt (also started my highest earning job up to that point). Apparently the no credit history is bad credit triggered that, even though I've never once missed a bill for anything. I went to State Farm and got a lower rate than Progressive originally had me at.
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Feb 12, 2017 23:20
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roomforthetuna posted:That makes no sense either though, like I said, because insurance payments are up-front payments. If you have decent credit, that's not always true. But it's all probability of responsibility. Bad credit implies bad decisions; it doesn't have to be 100% accurate, it just has to be accurate enough that it's not worth the risk to the insurance company. They're banking on YOU not being a loving idiot and causing them to pay out vast amounts of money.
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Feb 13, 2017 00:37
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Plus people who can't pay the car payment seem to have their cars stolen a lot.
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Feb 13, 2017 01:46
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kill me now posted:There are plenty of people with low wages that maintain good credit and a ridiculous amount of high earners who have garbage credit. That's awesome for the former group because it's tough as hell, especially considering how something like a medical emergency can wreck your life. Also I unlocked my credit and Geico is quoting almost half the cost from before, so that was basically it. Crazy how much they factor that in.
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Feb 13, 2017 01:51
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What do you mean unlocked your credit?
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Feb 13, 2017 03:27
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Michael Scott posted:What do you mean unlocked your credit?
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Feb 13, 2017 03:42
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ilkhan posted:He had his credit report set to approved viewers, basically. So the Geico couldn't get his report, which they equated to no history, which meant he got the higher rates. Exactly that. It's properly called a credit freeze, but I'm an idiot with poor vocabulary so I don't know to say that until I look it up.
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Feb 13, 2017 05:15
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Cocoa Crispies posted:It's pretty easy to imagine a crew of greybeards passing down some knowledge of little design tricks that make components and systems easier to assemble correctly and reliably at big carmakers that haven't been recruited to Tesla due to the pursuit of stability and lifetime employment. I think part of it is just that Tesla is a new company. People at companies unknowingly take advantage of and benefit from institutional knowledge at established companies all of the time. If you move away and create from scratch a product outside the auspices of the institution, you are going to get a few details wrong, and this is what creates Tesla's reliability issues. Although part of it may have to do with conscious decisions that Tesla makes which are at odds with every other car company. Is it a good or bad thing that they decide to release cars not based on Model Year? silence_kit fucked around with this message at 16:48 on Feb 13, 2017 |
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Feb 13, 2017 16:45
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silence_kit posted:Is it a good or bad thing that they decide to release cars not based on Model Year? Well, for Tesla it lets them iterate faster and update the cars as the update is ready instead of waiting for next year. It also means that their cars will be in the media a lot more often, since every time they do a thing it is news, while a yearly model update is an expected thing, not as interesting to the media.
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Feb 13, 2017 17:56
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My understanding is that the model year cadence is partly tied to the dealership model, though I helpfully forget the details and can't find what I read it from. Somewhat relatedly, I've heard that dealers won't let manufacturers do meaningful OTA updates. Elon said at one point that 20 parts are changed every week on the Model S, but it's not clear what the scope of that is.
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Feb 13, 2017 20:31
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Subjunctive posted:Elon said at one point that 20 parts are changed every week on the Model S, but it's not clear what the scope of that is. Assuming they're using a production system that's a descendent of the Toyota Production System or at least heavily Deming-influenced, it's probably design changes to fix problems that arise in production, from pieces that aren't manufacturable as originally designed, difficult to assemble, or something like that.
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Feb 13, 2017 21:02
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Soo... I pre-ordered a Model 3 and decided to check out the Model S and X and the local dealership. Showed up, tried making conversation with the sales rep. The dude was leaning against the Model X like a complete assclown with the smuggest expression on his face. I told him I had preordered the Model 3 and was really excited about it, and he asked me whether I knew how I was going to pay for it. Lol what.
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Feb 13, 2017 23:52
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Car salesman is huge douchebag, news at 11
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Feb 14, 2017 01:17
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Definitely think that geico doesn't like EV's too much. Just for fun this past weekend I checked what a 2013 Model S would run me and found out that geico would up my premium from $887 to $2666...for 6 MONTHS!!! I'm a thirty something single male, driving record is good, credit is great and the car is an '07 Prius, BTW.
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Feb 14, 2017 02:37
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That's crazy. I pay $523/6mo for a '14 Camry Hybrid through GEICO. 500/500. Collision and comprehensive. No driving incidents and 730 credit. Maybe location is your issue? I have a suburban zip code. If you're inner city, I'm sure that's priced into your insurance.
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Feb 14, 2017 04:49
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Geico is a particularly lovely company in a lovely industry, news at 11.
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Feb 14, 2017 04:50
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Godholio posted:Geico is a particularly lovely company in a lovely industry, news at 11. But they've got that adorable duck in their ads!
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Feb 14, 2017 04:52
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Geico has a habit of not refusing anyone. But if they don't want to insure you, the rates skyrocket.
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Feb 14, 2017 06:04
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I have a feeling that applies to most major carriers, we had the same convo about State Farm before. The real price competition probably occurs for drivers with perfect records, once you stray from that you're probably going to end up costing the insurance company money at some point. Especially as a single young male.
Michael Scott fucked around with this message at 06:39 on Feb 14, 2017 |
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Feb 14, 2017 06:36
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Sagebrush posted:It's an insurance company. Their entire business is calculating how likely different groups of people are to get in an accident and cost them money, and the more accurate they can be with that, the better.
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Feb 14, 2017 07:11
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roomforthetuna posted:Yeah, my point was that they're loving terrible at their business, given that insuring two cars for A+B (my wife and me) would have cost $300 a year more than insuring the same two cars for B+A (me and my wife). It's pretty goddamn obvious that there is zero difference in likelihood of making a claim between these two configurations, so their actuarial tables are wrong one way or the other. I believe the logic there is that the primary driver is the person who will be driving the car more, so if you put the person with the worse record as the primary, the premiums will be higher.
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Feb 14, 2017 08:10
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Sagebrush posted:I believe the logic there is that the primary driver is the person who will be driving the car more, so if you put the person with the worse record as the primary, the premiums will be higher. Typically the systems automatically rate the highest risk driver against the highest risk car. If they are on the same policy, the assumption is that any of the policy drivers could drive any of the vehicles.
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Feb 14, 2017 15:36
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And then bringing it back to the thread topic, is it really the case that electric cars are more likely to be in [more expensive] accidents? Clearly we can't infer that it's so from the fact (?) that insurance companies charge more, because the A+B vs B+A thing aptly demonstrates that their calculations are not reliably meaningful.
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Feb 14, 2017 15:49
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I expected the insurance on my 2017 Volt to be high... But was pleasantly surprised to discover this was not the case. It is in fact cheaper than my other car.. a 2011 Ford Fusion. $366/6 months on a 500 deductible
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Feb 14, 2017 16:25
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roomforthetuna posted:And then bringing it back to the thread topic, is it really the case that electric cars are more likely to be in [more expensive] accidents? Clearly we can't infer that it's so from the fact (?) that insurance companies charge more, because the A+B vs B+A thing aptly demonstrates that their calculations are not reliably meaningful. Teslas are expensive, even when you include the government subsidy. It is not that shocking to me that insurance rates for them are really high.
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Feb 14, 2017 16:48
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Volt and Leaf should be decent now. The first couple years of release on a new model can be a guessing game though. They don't have details on the kinds of purchasers of the model or how expensive repairs will be. And they might base it off something in a similar class, style/price/HP. Additionally, you really don't want to get in an accident with a new model, cause replacement parts might not be available for months.
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Feb 14, 2017 16:59
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roomforthetuna posted:And then bringing it back to the thread topic, is it really the case that electric cars are more likely to be in [more expensive] accidents? Clearly we can't infer that it's so from the fact (?) that insurance companies charge more, because the A+B vs B+A thing aptly demonstrates that their calculations are not reliably meaningful. Right now most electric vehicles haven't been out for very long. That means repairs are likely to be more expensive since most of the parts will need to come from the manufacturer and there aren't 3rd party sources (or junkyards to pull from).
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Feb 14, 2017 19:13
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I think the post office has lost the plate for my car  Been waiting a little over 3 weeks now and still have not received my plate. And my temp tag expired a week ago.DMV says it was mailed out and I should have received it. Wonderful.
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Feb 14, 2017 20:14
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I am finding the artificial noise the '16-'17 Volts make when in gear a bit annoying. (https://www.youtube.com/watch?v=M-l3VH3EZb0) It is not supposed to be audible inside the car, but I notice it sometimes. Wonder where that speaker is and if I can disconnect it.... Not like it really does any good anyways. In a parking lot people still don't hear you creeping up behind them.
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Feb 14, 2017 20:37
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My insurance only went up $8 a year changing from a 2004 Forester to a 2013 Leaf, comprehensive on both. It's my 2nd car on the policy, however. When I tried to add the Leaf as a 3rd car to my insurance they wanted to add over $1000 a year to my policy! Come on guys shouldn't I qualify for a redneck discount or something, I can only drive one car at a time! Ended up putting the Subi on my wife's insurance with me as the primary for +$350/year and I just have the two cars on mine. 2 and 2 is cheaper than 1 and 3 for us. I also passed my first 3000 miles of all EV driving. The Leaf is just a normal rear end car, if it were an ICE it would just be another POS boring commuter box. It doesn't handle great and has a bumpy ride and suffers from torque steer. But it's electric so it's not just another lovely boring car. Being electric just makes an average car into a great car. I cannot wait for Mazda's first EV. I am going to pull the plug on the speaker for the pedestrian noise soon I think. The reverse chime is so goddamn annoying. I almost got ran down by a Leaf at the Nissan dealer the other day, didn't hear the buzzer until it already passed me, not very useful!
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Feb 14, 2017 20:48
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Vitamin J posted:
http://www.voltstats.net/Stats/Details/8980 I'm 68% or 1250 miles EV driving thus far... Should get a lot better going into summer. My EV range at 30°F with the heater on is around 38-41 or 60ish MPGe. Running the heater really puts a dent in range.
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Feb 14, 2017 21:05
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Godholio posted:Geico is a particularly lovely company in a lovely industry, news at 11. I pay $330 every six months for comprehensive on a 2 door sports car. $1M in liability. Geico's always been pretty good to me. 
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Feb 15, 2017 23:51
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I hope you never have to file a claim.
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Feb 15, 2017 23:58
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Godholio posted:I hope you never have to file a claim. I actually filed one about a year ago (my first ever) after I hit a giant pothole on the highway that destroyed a rim/new tire/trim. I wasn't found at fault, but I was still expecting the worst since I was only paying $220/6 months for a GTI with the same coverage. No increase in my premiums at all, which was confusing but nice.
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Feb 16, 2017 00:03
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Since we're back on insurance chat, my premium is as high as it is mostly because of where I live. It went up by over $200 per 6 months when I moved from Galveston county to Harris county, whereas a total loss claim (1st claim with Geico and 1st claim of any kind in over a decade) in 2012 only raised my rates by about $20 per 6 month period. Still think Geico doesn't like EVs though as they aren't even giving quotes on the Bolt yet
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Feb 16, 2017 00:59
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Long_Tine_Spork posted:Since we're back on insurance chat, my premium is as high as it is mostly because of where I live. It went up by over $200 per 6 months when I moved from Galveston county to Harris county, whereas a total loss claim (1st claim with Geico and 1st claim of any kind in over a decade) in 2012 only raised my rates by about $20 per 6 month period. I don't think all the specs have been released yet. It doesn't much matter because the rates will fluctuate a lot as they get actuarial data. The scion FRS/ Subaru BRZ were like this, after a bunch of people wrapped then around a tree the rates skyrocketed.
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Feb 16, 2017 01:06
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