The highest rated driver on the highest rated vehicle applies if you're insured all together.
Not exactly sure how that works if you get your own policy. You might be able to get around it if you got your own insurance. You'd have to transfer your dad's vehicle to your name and get your insurance from a different company than his. You might lose out on some discounts (like multivehicle and multiproduct (home insurance)).

 

Can you elaborate on that? I don't get what you're saying. My info is from newspaper articles. My renewal papers are showing that coverage is decreased and at the same time, premium is increased.

 

FSCO made companies file for the Reform changes. They said that the impact on their book of business cannot be an increase. ie with the changes, companies cannot get more premium than what they're currently charging. So they either kept their rates the same or decreased Accident Benefit premiums but increase Third Party Liability.

The only rate changes allowed in the second quarter of this year were for the Reform. You can see that no one increased rates http://www.fsco.gov.on.ca/english/in...es/q2-2010.asp


Your rates could have increased because your renewal also overlapped with another filing. If you are with TD, they increased their rates in the 1st quarter (with the same effective date as the 2nd quarter filing)
http://www.fsco.gov.on.ca/english/in...es/q1-2010.asp

 

cant i just say that this car got handed down to me and my dad got a new one? it makes sense my buddy has an rsx type s and is insured under his moms murano. so i was thinkning the same.

 

What do you mean? You have to disclose to the insurance company all your details. Otherwise, you can can be denied coverage and your policy cancelled for non-disclosure...then good luck trying to get a good rate with that on your record.

 

Okay, Im with TD insur as well and this is what we do in our house...We used to have 6(mom,dad, 3 sons and one daughter) drivers at my house and 7 cars...We put all of the ownership of the cars into either my name or my husbands and then asked the insur co for quotes 'whats the premium if son #2 say was the principal driver of car #_. I go through this excersise with all the kids slotted into principal of various cars to determine which vehicle would be cheapest for kid #_ to be listed as principal driver. I dont know what kinda cars your parents have but it may be cheaper for you to be the principal driver on one of those cars and have one of your parents to be principal on the rx8 depending on premiums/deductibles etc. It makes no difference if say your dad is the principal on your car and say you on his or your moms cuz you will be listed as an occasional driver on that one...so if anything does happen, you are listed as a driver on the policy. But take note that the previous posters are abolutely right if you do it that way a certain percentage will be applyed to your dads policy because his policy will be rated/based on the most inexperienced/youngest driver...ESPECIALLY if your a male driver under the age of 25! I have no idea how the insurance companies get away with charging the premiums they do but Ive got to say, over the years I think I've figured out how to beat them at their own game while remaining legit. I call whenever, even if its mid-policy when my kids have bdays and fall into another one of those 2 yr age bracket categories that the insurance companies use for their rating systems and have them adjust the policy so I receive a check back for premiums paid. I really do have a gripe with them though because my "8" is a MT and some of the kids don't even know how to drive anything other than AT but still need to be listed. So to sum up all of this, get your dad or even or your mom to have ownership of the 8, and then you be listed as principal driver under the car that has the cheapest premium, then whichever your dad or you mom has the best driving record go down as principal on the most costly to insusure vehicle, and the other parent the other car thats left. All the insurance rules are so technical but I've been really examining it over the past 30 odd years and I think I've got it somewhat figured out now for the cheapest premiums and getting coverage while remaining legit on paper. I've never had any problems with claims, denials etc. note: when I store my 8 in the winter, that frees up me as another principal driver so again I call and re-arrange principal drivers on all our cars. Im paying them so even though these calls take sometimes an hour for negotiations, its worth it when I get that rebate check annually. Sorry for the long explanation but getting the best rates are difficult to explain but can be done and finally I have 2 boys over 25 now, so theyre we gave them the cars as gifts (ownership transfer) even tho they paid for them themselves, and now are under their own policies.

 

omg my EYES!!!!!!!!!!!

Why god WHY!!!!!!!!!!!!!!!!

 

its to early to break that post into a readable form can someone else do it for me?

 

I could copy it into Excel and do Text-To-Columns, using space as the separator, then transpose it and post....

 

I'm surprised your company still deals with you.

 

I didn't break it up into paragraghs because I figured it would be quoted and would take up way more space lol- im way ahead of ya'll but its complicated and hard to explain.

Natook- they love us and why not, the house and all our cars have been with this company even before TD took it over (30 yrs +). I don't feel bad at all keeping these salaried ppl on the phone in negotiations. Insurance premiums are a rip-off as it is, so why not get your absolute best rate?

My insurance company thanks me verymuch every time I call in to make a change...so much gray area in this bus, I've discovered it only because I didn't want to take out a mortgage/loan to pay annual premiums for so many cars/ppl. note: there's no way I'd pay the first price I was asked to pay if I were to buy say a car/house either...there's always trade-offs.

 

You are lying to them, you are not telling them who the real principle operator of the vehicles are. This is called misrepresentation and your policy could be voided for it.

 

Right... Because insurance companies never take shortcuts and avoid paying YOU what you are owed?

 

Ya it sucks and I hate insurance companies believe me.

But two wrongs don't make a right.
Not legally anyway, morally yes.

 

can you please elaborate?

 

So what insurance company screwed you?

I worked as a broker for 10 years, never once did someone get screwed but I saw a lot of people whine moan and bitch because they wouldn't take advice and buy the right policy, when they had a claim that wasn't covered.

I did see a couple of policies voided and claims denied because people lied to try to get a better rate. Though they whined bitched a moaned because they didn't want to be responsible for their own stupidity.

 

I bought the car when i was 18, had to finance it myself and my own insurance. I pay $180.00 a month full coverage and some. Mine was an 04 Manual used.

 

No, they just go for the cheapest route with parts and service, for both parties in the accident. I see no issue with someone else going the cheapest route with who's driving what.

 

No they don't they have a standard shop rate per hour that they pay to approved service centers.

 

For the most part no, but certain kinds of women, yes!

Personal experience?

 

Im a little pissed to see all the hate in the first two pages since i bought this car when i was 18.

I bought this car when i had saved up some money from two of my jobs and was probably just like you. I had a plan, disposable income and also really wanted the car. At the time i had only driven manual once and sucked at it but wanted to get it anyways because I beleived I could manage it.

After buying the car and learning how to drive manual (my poor clutch and tires ) everything was fine and dandy, until the costs started adding up. Like what alot of people stated earlier this car has many hidden costs, especailly the gas that ure going to spend chilling with ure friends going all over the place. Not to stereotype but since all ure friends have all these nice cars, especailly american ones, it seems you might be racing them.

Sorry to bore anyone who read a little into my Rx-8 story, but I just want you to know I took on another job to pay for the costs of the car. I lost my weekends and weekdays working 2 jobs and cant go tracking as much as I want to because tires are so expensive along with admission costs.

As for all the people who flame on teen drivers, yes alot of them are reckless, dont know how to apreatiate the car, street race and drive into poles, but i was 18, didnt know how to drive manual, was stupid enough to think i could afford the car, and did do some stupid racing when i got the car, but not once did i ever get into an accident. Since taking up this responsibilty, I learned to love my car and apreatiate what I have.