Tag: Insurance

By on April 15, 2015

 

Nice intake. (photo courtesy: finance.zacks.com)

N.C. writes:

Sajeev,

We have 5 cars and 4 drivers. My wife and I drive the three oldest vehicles: 2003 LS430, 2005 Z4, and 2000 Frontier. My question is regarding collision insurance on the Lexus and the BMW. I currently carry full coverage on both and am considering dropping collision coverage to save money. (Read More…)

By on September 5, 2014

DSC_0048
Boston: not the worst?

According to Allstate’s latest annual “America’s Best Drivers Report,” three Massachusetts cities have the worst drivers. Allstate’s analysis included the nation’s 200 largest cities. But fear not, fellow Bay Staters: our Masshole reputation is undeserved, according to Slate Magazine. They have come up with their own top (worst) 40, and we’re way down the list.

We’ll tell you who those losers are. But first: here’s Slate’s critique of Allstate, followed by it’s own methodology.

(Read More…)

By on June 27, 2014

UberSUV

Ride-sharing service Uber has hit a few rough patches as of late, mainly from taxi operators and city and state officials who believe Uber and others like it are too disruptive for its own good. However, the Teamsters — who supported European taxi drivers in their protest of the service earlier this month — are throwing their support to Uber drivers wishing to organize.

(Read More…)

By on June 12, 2014
Source: Gallagher.com

Source: Gallagher.com

Troyochatter submits this request for your perusal.

Hey there, I have a dilemma that you might be able to help with.

Got a sec?

(Read More…)

By on October 17, 2013

Car2Go in Seattle

In cities where owning a car can be a pain (New York, Boston, Seattle), drivers are opting instead to share vehicles with other drivers, with companies such as ZipCar, Car2Go, RelayRides et al offering their services to help the public get around. All anyone needs beyond the basics is a subscription to the car-sharing service, a reservation, and a drop-off location when they are finished with their errands. Even big-name rental car companies like Enterprise and Hertz are jumping into the new business model for a test drive, Avis having gone the farthest by purchasing ZipCar in January of 2013.

However, the insurance offered by these peer-to-peer rental companies might not all that it’s cracked up to be, with severe consequences should anything remotely catastrophic occur.

(Read More…)

By on February 15, 2013

Drivers who were in a collision often follow the recommendation of their insurance company when it comes to fixing the car. By doing so, they hope for a more accommodating insurance company. They also are likely to end up with a car that has lost a lot of value. In collusion with insurance companies, low-cost collision shops use knock-off or used parts. (Read More…)

By on January 24, 2013

 

Hi Steve. In honor of the recent SAAB coverage, my 2000 9-5 recently decided to become a parts donor.

This whole experience has made me sick to my stomach. No thanks to the insurance company.

(Read More…)

By on December 21, 2012

Two things happen today, December 21: The world is coming to an end. And in Europe, insurance companies are no longer allowed to vary premiums according to a policyholder’s sex. The first thought that flashed through my caveman mind was: “Those accident-prone women drivers will get great deals, and us guys will pay for it.” Wrong on both counts. (Read More…)

By on December 21, 2012

Brazil has some of the highest car prices in the world. Taxes, protectionism and high margins, coupled with the fact that Brazilians are gobbling up each and every car built in Brazil guarantees that this fact of life will not change any time soon. On top of that, Brazilians must pay 4 percent of the car’s price each year as tax. (Read More…)

By on December 7, 2012

Your personal information is valuable.

When I liquidated vehicles for Capital One, we typically examined over 14,000 variables before lending out our money to a customer.

Any customer. A credit card. An automobile. A commercial loan. It didn’t matter. We needed to get to know the economics of you first.

All of the low rates and big profits were dependent on buying your personal information, and then crafting decision models and metrics to determine your personal risk.

Our success in auto finance generated low rates for our customers and low delinquencies for our investors. But they both could have been far lower.

(Read More…)

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