so we'd like to build our college educated customer base!

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PostPosted: Mon Feb 11, 2008 11:30 am   Post subject:   

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Lori, Did I read that right? I thought you said you agreed with what the letter said,about college kids being better drivers but at the same time I thought you said your college kid was a way worse driver than yor kid who on had a high school diploma. Did I read that right?
Sorry if I confused you...When I said I agree I meant with you! Wink no I do not agree that a college educated person makes them a better driver (especially in my family! Rolling Eyes )...I know that on the whole a college degreed person makes more money and therefore can and do handle more of their own claims! So maybe that is where this data came from I don't know...



But because it's a 'discount' and not a the rate plan, they can offer a discount on anything they want...including 'moles' on your arm...it's their money to give away...(by way of a discount).....



I think all auto carriers should offer a discount for 'tea-toters' too, because there is then zero risk of any alchol related accidents...but they don't!



You have to remember that discounts and rate classes are two totally different animals.


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PostPosted: Mon Feb 11, 2008 11:54 am   Post subject:   

good morning Lori, ok, rate class, new term, can you explain please? I know the definition of a discount but never heard the term rate class before.

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PostPosted: Mon Feb 11, 2008 12:42 pm   Post subject:   

Well a 'rate class' some might say 'tier' is like well, a 16 year old is in an awful rate class, meaning because they are 16 and male or female, that is the slot or rate class they are in..when they marry (boys mostly) they get to move into the 'married' rate class, when they reach 25, (in my area anyway) and if married, huge move to a better rate class...I'm not explaining this well I know...I guess if you look at it like a slot or tower, where you look at the age, sex, driving record etc...there is a 'rate class' the agent or underwriting puts them in...that rate class determines their premium...i'm sure an agent could explain it better...don't see the 'new term' in here maybe I missed it...a new term would be the new policy period, would need to see the context it is written in...have i totally confused you now? Rolling Eyes



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PostPosted: Mon Feb 11, 2008 6:56 pm   Post subject:   

Thats very funny Ohio! Glad to see the humor here.

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PostPosted: Thu Feb 14, 2008 3:07 am   Post subject:   

Ohio has a great sense of humor, really glad to have you here. Twisted EvilTwisted Evil

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PostPosted: Thu Feb 14, 2008 3:20 pm   Post subject:   

Yes he does, LOL.

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PostPosted: Fri Feb 15, 2008 6:57 pm   Post subject:   

I understand you now Lori...lol They give discounts what what they beleiev makes a better driver.Just seems strange some of the things they say makes a better driver.My son has learned the hard way (not by listening to me) about insurance rates.If he had only listened to me he would have decent rates by now.I gave this lecture while teaching him to drive.He has never had a DUI though.

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PostPosted: Sat Feb 16, 2008 11:18 am   Post subject:   

Quote:
They give discounts what what they beleiev makes a better driver
Or to build a customer base....some times I don't think it's really that they think they are better drivers, but they can't/wouldn't send a notice saying, 'hey you know what we've figured out that on the whole college educated folks make more money and as they age they aquire more expensive 'stuff' and seem to pay their premiums on time etc...so we'd like to build our college educated customer base!' instead they say like your flyer/letter read...
Quote:
He has never had a DUI though.
Sorry if you took that wrong I didn't mean to insinuate he did, just a generalization... Embarassed


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PostPosted: Sun Feb 17, 2008 4:13 am   Post subject:   

No I did not take that wrong ,I was just mentioning that as maybe the one thing he didn't have...lol was a DUI...Speeding was his main mistake.I think he has learned to do better by paying all the high premiums.

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PostPosted: Wed Feb 20, 2008 2:52 pm   Post subject:   

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Actually the two have _nothing_ to do with each other and there are _no_ indicators that they do. Give me _1_ example of how these might be related. You won't be able to. What you _might_ say is that this group of people file more claims. That is not being disputed but is not the same thing (see my post above).


Fully agreed. Anyone who says credit rating has any bearing on driving ability or skill, is ignorant on the subject. Finances and mental alertness are not one in the same in any way.



I completely disagree with the way Geico handles the whole profession scenario, but noticed when my job changed and my incoming increase and it came time to renew, my rates dropped.



I'm not usually one for having goverment step in and set guidelines, but in cases like this I think they need to (just as they do with oil companies). Businesses are nickel and diming us to death, making it hard to survive and lead an enjoyful life.
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PostPosted: Fri Feb 22, 2008 5:42 pm   Post subject:   

Diem, I agree wih you. There needs to be guidelines.Speaking of gas where I live it went over 3.00 this week.I almost fainted. I don't know how low income are going to afford this gas!It won't be long befor we won't be able to buy the gas to go to work. You make 50 and half goes for gas!

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PostPosted: Sat Feb 23, 2008 4:08 am   Post subject:   

That is what I have been using most of my cash outs for hummingbird, I really wanted to do something else with my money, but have to go to work, so I usually end up putting it in the gas tank.



Do you know where the cash out thread is, I have been looking for it, wanted to calculate what I have cashed out and can't find it. If anyone knows could you pm it to me please. thanks

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PostPosted: Sun Feb 24, 2008 4:37 am   Post subject:   

When you cash out it goes back to 0. I spend all mine on things the kids want.Like going skating and after school dances.Seems like I never get anything from the earnings...lol

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PostPosted: Mon Feb 25, 2008 12:57 am   Post subject:   

Credit is a funny thing. In some cases, if and when you pay off a debt, your credit score reduces.



Of course...being debt-less is a wonderful thing. Our home has another 15 years to go, but we'll have no car payments in about 14 months.



At that time...the monthly contribution into the 529 will increase from $250 to $500. And the HSA will get an uptick as well.

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PostPosted: Wed Feb 27, 2008 8:10 pm   Post subject: insurance  

SOOOOO...if i understand this correctly, SOME insurance companies think you are at a 'better risk', if you went to college..compared to, not having a degree?OR.............if you are divorced, or single? How can ANY company make a judgement call, based on that?????

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