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MickMcGeough · 07-02-2015, 12:46 PM

I've been insuring a house, two cars, and a motorcycle until this week. Cost per year was about $5000/yr for all.

This week I sold one car, and my premiums on my other car go UP to $7600/yr.

My broker explains it's because I have two at-fault fender-benders since 2009. (In fact, I have two at-fault accidents in 20 years of driving). Evidently I was distributing those two accidents across my insured cars, and that selling one put both accidents on my remaining car, which increases my premiums on that car by $3600 (to $4800/yr).

My broker actually advised me to buy another car and insure it to reduce costs. (This would save me about $2500/yr.)

Where is my insurance broker on a scale of 0 to crackhead? Or am I SOL?

07-02-2015, 12:46 PM	#30
MickMcGeough First Line Centre Join Date: Oct 2002 Location: Calgary Exp:	I've been insuring a house, two cars, and a motorcycle until this week. Cost per year was about $5000/yr for all. This week I sold one car, and my premiums on my other car go UP to $7600/yr. My broker explains it's because I have two at-fault fender-benders since 2009. (In fact, I have two at-fault accidents in 20 years of driving). Evidently I was distributing those two accidents across my insured cars, and that selling one put both accidents on my remaining car, which increases my premiums on that car by $3600 (to $4800/yr). My broker actually advised me to buy another car and insure it to reduce costs. (This would save me about $2500/yr.) Where is my insurance broker on a scale of 0 to crackhead? Or am I SOL? __________________ Last edited by MickMcGeough; 07-03-2015 at 07:25 AM.