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Why do insurance company penalize people with good driving records?
My kids who are in their 30s have their own cars and own insurance they live in my home separate apartments they do not use our vehicles but every time they have an accident my insurance on our car goes up i feel this isn't fair they are,nt even on our policy .My son got another insurance and because of others who have lived here had accidents they dropped him I know my sons ex had quite a few accidents while she was here,and I found out she has been using our address, still she has been gone since.our cars are old 99,95,04
2 Answers
- rogerLv 71 decade agoFavorite Answer
I asked my self the same question when my insurance went up three years in a row, then doubled this time around. The answer is GREEDY INSURANCE COMPANIES. what else could it be? they have screwed so many people, that many just take the chance and never get insurance, or say screw it I have to eat. Insurance companies and thieving oil companies are responsible for a good part of this economic recessions recovery. All insurance companies do is make people into law breakers. Its a shame but until the policy makers get their greedy hands out of the till this is only going to get worse, now they are penalizing EVERYBODY.
