[s-cars] Driving Skills of two list members ?

[Keith Maddock]

This one is hard to tell.. In Michigan I had full coverage on 3 cars, about 10 ticket-related "insurance points" on my record  (insurance companies assign points much more liberally than the state does!!), and the 5 recent claims..

Here at least I lose my ticket-related point penalties, but am going to get penalized quite a bit if I cant document my claim history in the US for the past few years.  At least here they will not be considering car-port, windshield, and radio-theft claims in this process.  They will count my friend's curb-incident in the S4 though.

They have a interesting way of doing it over here, the insurance for a given car is quoted initially without consideration of your accident/claim record.  Then they look up at a chart based on years since your last accident/claim  (or years claim-free since a recent claim), and calculate a % figure.

For example once you are 1 year accident-free, you pay 100%, 3 years and it drops to 70%, 7 years to 50%, and 12 years for 40%.  Right after your first accident you pay 155% it looks like, and fresh drivers pay up to 245%...     If you are previously 12 years accident free, then have one accident, your discount drops from  40% to 55%, if you have 2 recent accidents it drops to 70%...   I like this much better than the US "black box mumbo jumbo magic" approach to quotes, and it definately rewards the accident-free drivers in a consistent way.

"100% level"  full coverage on a 240hp 1995 P-968 ClubSport was quoted to me at $2400
"100% level" full coverage on a 320hp 1996 B-M3 was quoted as $5400

The 968 seems to have A) less hp, and B) a much lower historical claim rate than the M3 (both nationally and regionally calculated)

Depending on how lucky I get in the next few days with my phone calls to State Farm, AAA, Progressive, and AIG (my 4 previous insurance companies), I'll fall into:
"no history available"  155%
"only 1.5 years since last claim" 100%, falling to 85% in 6 months
"1.5 years since last claim and 10 years of no claims before that"    60%

Im crossing my fingers for the latter!!

Keith

****************************************************************
Keith Maddock, TRW Automotive,  Koblenz, Germany
Slip Control Systems, Systems Design, Traction Control
+49 (0)261/ 895 2474     -    -    keith.maddock at trw.com

>>> "Ingo D. Rautenberg" <ingo at waratap.com> 20:43:53 12.09.2002 >>>
That's OK, Taka

After all, he WAS in Michigan before he traipsed over to Deutschland.

Hmm, any idea how much comparable insurance will run you there, Keith?  Or
are you lucky enough to have TRW foot the bill?

Ingo

----- Original Message -----
From: "TM" <t44tq at mindspring.com>
To: "'Ingo D. Rautenberg'" <ingo at waratap.com>; <s-car-list at audifans.com>
Sent: Thursday, September 12, 2002 2:24 PM
Subject: RE: [s-cars] Driving Skills of two list members ?


> Sorry, Ingo- your comment made it sound like you thought Keith
> was in Michigan.
>
> Taka
>



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