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Does driving school = significant insurance reductions? (pg. 2)
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| chinamon |
| holy, so many lazy pricks letting their license expire. |
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| The Highroller |
| quote: | Originally posted by ChemEnhanced
Most companies will offer a discount if you've taken some sort of driving school. If you are lucky you might get a 10% or so.
I don't know why I'm responding since graham has me on ignore anyway :) |
What is the approximate present value of the premium discounts? :p |
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| Sasha |
| quote: | Originally posted by chinamon
holy, so many lazy pricks letting their license expire. |
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| Mortyman |
| Every insurance company is different. Some places will accept a driving school up to 5 years after the fact. So if it's only been 3 years you should still be ok. But regardless, you shouldn't be on anyones insurance policy unless you have a G2 license. If you let you G1 expire (God knows why) just go get a G2 as quickly as possible, then wait your mandatory 1 year and get a G License. You're really on hurting yourself by not upgrading your license! You'll be paying higher rates longer than anyone! |
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| Mortyman |
| quote: | Originally posted by The Highroller
What is the approximate present value of the premium discounts? :p |
And it may not be a discount they give you... they are giving you experience. |
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| VDub |
| quote: | Originally posted by ChemEnhanced
I don't know why I'm responding since graham has me on ignore anyway :) |
Luckyyyyyyy.. |
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| Jem_hadar |
| quote: | Originally posted by Mortyman
You're really on hurting yourself by not upgrading your license! You'll be paying higher rates longer than anyone! |
True.
I know with Co-operators that every year longer I had my full G licence (up till I had had my G for a full 5 yrs), I went up a tier and received a further reduction in my yearly premiums. :) |
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| Djsketchbag |
| Does it make a differance once you get older ? like you get a rate rate drop after 25 right ?? |
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| Skipper |
| Wow, you're in the same boat as me Graham! except I'm 30 |
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| geroin |
| quote: | Originally posted by Jem_hadar
True.
I know with Co-operators that every year longer I had my full G licence (up till I had had my G for a full 5 yrs), I went up a tier and received a further reduction in my yearly premiums. :) |
I don't think it matters on how long you've had the G license for, i think they would just deduct it since you've been with them for over 5 years and had no claims (i assume) as appreciation. As soon as you would get into an accident and make a claim your insurance would skyrocket no matter how long your experience was..
After you reach 25y the insurance premium is dropped significantly as well, about 25-30%. |
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| Jem_hadar |
| quote: | Originally posted by geroin
I don't think it matters on how long you've had the G license for, i think they would just deduct it since you've been with them for over 5 years and had no claims (i assume) as appreciation. |
Maybe its just their policy. I know i didnt change tiers when I was insured with only my G2 though. I've always and continually been with Co-operators.
If what you are saying is true, then this "appreciation" perk only applied to those with G licences. My prem started decreasing once i got my G and continued to decrease for the subsequent five years (i was told by my agent lady that i went up a tier for every year up to five that i held my G licence for) << Maybe thast only a co-operators practice though. |
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| geroin |
| quote: | Originally posted by Jem_hadar
Maybe its just their policy. I know i didnt change tiers when I was insured with only my G2 though. I've always and continually been with Co-operators.
If what you are saying is true, then this "appreciation" perk only applied to those with G licences. My prem started decreasing once i got my G and continued to decrease for the subsequent five years (i was told by my agent lady that i went up a tier for every year up to five that i held my G licence for) << Maybe thast only a co-operators practice though. |
possibly dude, they basically award you for being with them for sometime having clean record and a G license. Do you think if you would abruptly switch your companies to another they would match the rate you are receiving now and continue deducting every year? i think they would possibly match it but not deduct it until a few years have passed. In fact my dad just received a letter in the mail indicating that they are cutting some of his coverage out and increasing the premium lol and he has a clean record. (i think we had a post here sometime ago about that) |
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