Geico

mimo2005 · 03-01-2006, 08:50 AM

The New Jersey Star-Ledger compared the rates of a 30-year-old single male from Newark and found if he were a lawyer with a master's degree he'd pay $1686 a year. If he were a high school educated janitor, he would pay $2880 -- 70 percent more.

New Jersey law allows insurance companies to determine rates by factors with a proven relationship to losses. The law prohibits charging based on certain factors such as race and ethnicity.

http://www.thenewspaper.com/news/09/987.asp

ps : Massachusetts insurers are not allowed to use race, sex, education, or anything other than driving history and driver's education for inexperienced drivers. Age doesn't matter unless you're old. A 16 year old with a new license pays the same as a 25 year old with a new license.
thats why geico is not in my state . And that's why a lot of companies do not write in Mass.

who said ? good news i saved a bunch of money ........

**epos159** · 03-01-2006, 01:00 PM

I know, at least when I got my license 9 yrs ago in NJ, that you were starting with points on your license which would come off in a couple years. I guess kind of like a probation type thing. I was 17, but now you have to be 18 or something to get your real license.

ebackhus · 03-01-2006, 01:09 PM

I've heard of those. Many states call it a graduated license.

yustr · 03-01-2006, 01:41 PM

I move we make the minimum driving age 35!

Actually in some European countries they graduate the hp of the vehicle you can drive and the speed at which you can drive it. That makes more sense than saying: you're 16, if you want to go buy a GSXR-1000 that will do 185 mph - go right ahead provided you only drive it during daylight hours.

**Fox** · 03-01-2006, 02:05 PM

That's stupid. You can be just as irresponsible in a car that only does 70 mph as you can in a car that does 250.

ebackhus · 03-01-2006, 02:44 PM

What burns me are these kids who are given performance cars by their parents, lose them in a horrific wreck while barely escaping with their lives, only to get ANOTHER one.

mimo2005 · 03-01-2006, 06:21 PM

the main point in the article is :

Um, wouldn't they be descriminating against DUMB people? If geico was really the only one to charge poor people so high, these people should and have to find a much cheaper company.

**ReeKorl** · 03-02-2006, 04:09 AM

Quote:

Originally Posted by yustr

in some European countries they graduate the hp of the vehicle you can drive and the speed at which you can drive it.

I think it was originally only done on engine capcity here for a while. The speed only came in recently I think with the Mazda RX8 - using the pistonless Wankel Rotary engine. Small capacity engine, but horrendous power output. Unlimited, it can do well over 160mph, and it's only a 1.3 litre engine!

**forcifer** · 03-02-2006, 06:10 AM

about getting really nice cars when they are young, my cizins got this beast of a pickup. i meen, they would step on the gas, it would go 5mph. if they pushed it down pretty much all the way, it suddntly lurch to 40. and it was a stick lol

nut yea i really hate spoiled kids. but im probably getting my license this summer

**Glaswegian** · 03-02-2006, 06:51 AM

Quote:

Originally Posted by forcifer

nut yea i really hate spoiled kids. but im probably getting my license this summer

So I'm safe if I stay away from Kansas then?

yustr · 03-02-2006, 07:04 AM

Quote:

Originally Posted by forcifer

but im probably getting my license this summer

Thanks for the warning.

ebackhus · 03-02-2006, 08:24 AM

No dirving for you unless you pay for it. It's a priveledge, not a right.

**forcifer** · 03-02-2006, 03:25 PM

lol yea kansas is wierd. but i mow alot, and that will help driving.kansas is nice though because there are no retarded tourists.just stay out of the country. that is where it gets a little odd (but really funny

)

**epos159** · 03-03-2006, 07:28 AM

I understand that Insurance companies base their costs on percentages and averages. So to charge someone more just because their job or educational status seems wrong, but, in a sense, understandable. I do think that if you then prove your driving record is just as good as another's with a higher income or education you should receive the same benefits.

I know in PA I went for my car ins. and they wanted to charge me $1500/6 months!!! They said it was because I have poor credit (because I was just starting to build it, it was actually little credit). I was able to get my insurance cut in half with someone pulling some strings for me.

**ReeKorl** · 03-04-2006, 11:35 AM

Percentages and averages, fair enough, but why do airline pilots have such high premiums? They're in control of millions of pounds worth of heavy equipment, they take hundreds of people's lives into their hands every flight, yet they're considered a 'high risk' category driver.

Chevy · 03-04-2006, 11:46 AM

Here in Louisiana (especially the New Orleans area) basic insurance rates are outrageous.

I'm 36, never had an accident, and have proof of no claims dating back to 1992. The last quote I received for liability and theft was $110 a month ... on a Ford Focus!

Now, when I ws in the service in England, I had 2 cars:

1988 Porsche 928s4 - max insurance with $500 deductable (fire, theft, hail, Godzilla ... you name it I was covered)

1989 Mistubishi Gallant - liability only, but more than the basic

Total per YEAR - $690 ... That's right ...

Glad I have dealer plates/coverage on my car ...

mimo2005 · 03-04-2006, 12:39 PM

From my understanding , geico and alike , overcharge people for having bad credit and low education level , wich is totally ridiculous , i am glad they are not in mass.
it has nothing to do with your ability and your skills of driving , and your respect of the law by not having speed tickets , this was my last 2 cents !!!

03-01-2006, 08:50 AM	#1 (permalink)
mimo2005 Manager, The Relaxation Room/Analyst, Security Team Join Date: Oct 2004 Posts: 11,094 OS: xp	Geico The New Jersey Star-Ledger compared the rates of a 30-year-old single male from Newark and found if he were a lawyer with a master's degree he'd pay $1686 a year. If he were a high school educated janitor, he would pay $2880 -- 70 percent more. New Jersey law allows insurance companies to determine rates by factors with a proven relationship to losses. The law prohibits charging based on certain factors such as race and ethnicity. http://www.thenewspaper.com/news/09/987.asp ps : Massachusetts insurers are not allowed to use race, sex, education, or anything other than driving history and driver's education for inexperienced drivers. Age doesn't matter unless you're old. A 16 year old with a new license pays the same as a 25 year old with a new license. thats why geico is not in my state . And that's why a lot of companies do not write in Mass. who said ? good news i saved a bunch of money ........ __________________ TSF has outgrown its server, again. Please help "Gutta cavat lapidem, non vi sed saepe cadendo" Last edited by mimo2005 : 03-01-2006 at 08:55 AM.

03-01-2006, 01:09 PM	#3 (permalink)
ebackhus Manager, Design Join Date: Apr 2005 Location: SATX Posts: 12,762 OS: WinXP Pro SP3 My System Blog Entries: 25	I've heard of those. Many states call it a graduated license. __________________ ----------------------------- There are no dumb questions, unless a customer is asking them. Help in the fight against cancer and other serious illnesses.

03-01-2006, 01:41 PM	#4 (permalink)
yustr Asst. Manager, The Conversation Pit Join Date: Sep 2004 Location: Connecticut shore Posts: 4,994 OS: XP Pro My System	I move we make the minimum driving age 35! Actually in some European countries they graduate the hp of the vehicle you can drive and the speed at which you can drive it. That makes more sense than saying: you're 16, if you want to go buy a GSXR-1000 that will do 185 mph - go right ahead provided you only drive it during daylight hours. __________________ I didn't mean to say it. But I meant what I said. J. McMurtry In Vino Veritas

03-01-2006, 02:05 PM	#5 (permalink)
Fox TSF Enthusiast Join Date: Sep 2002 Location: NJ Posts: 7,752 OS: XP Pro, CentOS My System	That's stupid. You can be just as irresponsible in a car that only does 70 mph as you can in a car that does 250. __________________ Antec Neo Power 500W, ABIT IP35-E, Intel E2180@2.66Ghz, Corsair XMS2 2x1GB DDR2-800, PNY 8800GT, 320GB Seagate * lazy college student alert *- If I've inadvertently ignored a thread, please Let me know about it Have I helped you solve your problem? Donate to Techsupportforums Klart Skepp!

03-01-2006, 02:44 PM	#6 (permalink)
ebackhus Manager, Design Join Date: Apr 2005 Location: SATX Posts: 12,762 OS: WinXP Pro SP3 My System Blog Entries: 25	What burns me are these kids who are given performance cars by their parents, lose them in a horrific wreck while barely escaping with their lives, only to get ANOTHER one. __________________ ----------------------------- There are no dumb questions, unless a customer is asking them. Help in the fight against cancer and other serious illnesses.

03-01-2006, 01:00 PM	#2 (permalink)
epos159 I helped the forums. Join Date: Dec 2004 Location: PA Posts: 553 OS: Windows XP Home	I know, at least when I got my license 9 yrs ago in NJ, that you were starting with points on your license which would come off in a couple years. I guess kind of like a probation type thing. I was 17, but now you have to be 18 or something to get your real license.

03-01-2006, 06:21 PM	#7 (permalink)
mimo2005 Manager, The Relaxation Room/Analyst, Security Team Join Date: Oct 2004 Posts: 11,094 OS: xp	the main point in the article is : Um, wouldn't they be descriminating against DUMB people? If geico was really the only one to charge poor people so high, these people should and have to find a much cheaper company. __________________ TSF has outgrown its server, again. Please help "Gutta cavat lapidem, non vi sed saepe cadendo"

03-02-2006, 06:10 AM	#9 (permalink)
forcifer good bye and good luck Join Date: Nov 2005 Location: Kansas City kansas Posts: 3,486 OS: Vista Premium 32 My System Blog Entries: 1	about getting really nice cars when they are young, my cizins got this beast of a pickup. i meen, they would step on the gas, it would go 5mph. if they pushed it down pretty much all the way, it suddntly lurch to 40. and it was a stick lol nut yea i really hate spoiled kids. but im probably getting my license this summer __________________ im back...i guess...

03-02-2006, 08:24 AM	#12 (permalink)
ebackhus Manager, Design Join Date: Apr 2005 Location: SATX Posts: 12,762 OS: WinXP Pro SP3 My System Blog Entries: 25	No dirving for you unless you pay for it. It's a priveledge, not a right. __________________ ----------------------------- There are no dumb questions, unless a customer is asking them. Help in the fight against cancer and other serious illnesses.

03-02-2006, 03:25 PM	#13 (permalink)
forcifer good bye and good luck Join Date: Nov 2005 Location: Kansas City kansas Posts: 3,486 OS: Vista Premium 32 My System Blog Entries: 1	lol yea kansas is wierd. but i mow alot, and that will help driving.kansas is nice though because there are no retarded tourists.just stay out of the country. that is where it gets a little odd (but really funny ) __________________ im back...i guess...

03-03-2006, 07:28 AM	#14 (permalink)
epos159 I helped the forums. Join Date: Dec 2004 Location: PA Posts: 553 OS: Windows XP Home	I understand that Insurance companies base their costs on percentages and averages. So to charge someone more just because their job or educational status seems wrong, but, in a sense, understandable. I do think that if you then prove your driving record is just as good as another's with a higher income or education you should receive the same benefits. I know in PA I went for my car ins. and they wanted to charge me $1500/6 months!!! They said it was because I have poor credit (because I was just starting to build it, it was actually little credit). I was able to get my insurance cut in half with someone pulling some strings for me.

03-04-2006, 11:35 AM	#15 (permalink)
ReeKorl Superhuman Computer Join Date: Mar 2005 Location: 6th Circle, The City of Dis, Hell Posts: 1,610 OS: WinXP Pro SP2 My System	Percentages and averages, fair enough, but why do airline pilots have such high premiums? They're in control of millions of pounds worth of heavy equipment, they take hundreds of people's lives into their hands every flight, yet they're considered a 'high risk' category driver. __________________ "Sorry, the number you have dialled is imaginary. Please rotate dial by 90 degrees and try again."

03-04-2006, 11:46 AM	#16 (permalink)
Chevy Semi-Retired Manager, Microsoft Support Join Date: Jul 2003 Location: Notlob Posts: 5,184 OS: Vista Ultimate My System	Here in Louisiana (especially the New Orleans area) basic insurance rates are outrageous. I'm 36, never had an accident, and have proof of no claims dating back to 1992. The last quote I received for liability and theft was $110 a month ... on a Ford Focus! Now, when I ws in the service in England, I had 2 cars: 1988 Porsche 928s4 - max insurance with $500 deductable (fire, theft, hail, Godzilla ... you name it I was covered) 1989 Mistubishi Gallant - liability only, but more than the basic Total per YEAR - $690 ... That's right ... Glad I have dealer plates/coverage on my car ... __________________ “The man who smiles when things go wrong has thought of someone to blame it on. ” - Robert Bloch

03-04-2006, 12:39 PM	#17 (permalink)
mimo2005 Manager, The Relaxation Room/Analyst, Security Team Join Date: Oct 2004 Posts: 11,094 OS: xp	From my understanding , geico and alike , overcharge people for having bad credit and low education level , wich is totally ridiculous , i am glad they are not in mass. it has nothing to do with your ability and your skills of driving , and your respect of the law by not having speed tickets , this was my last 2 cents !!! __________________ TSF has outgrown its server, again. Please help "Gutta cavat lapidem, non vi sed saepe cadendo"

03-04-2006, 12:57 PM	#18 (permalink)
Chevy Semi-Retired Manager, Microsoft Support Join Date: Jul 2003 Location: Notlob Posts: 5,184 OS: Vista Ultimate My System