Posted On: April 23, 2008, 9:39 am CDT

Posted By: Fred,

"" By: Dread

Comment:

Helping people avoid their financial responsibility only fosters the mentality of getting something for nothing. They want lower rates so they take larger deductibles. Then, they don't want to have to pay them so the shops conjure up this bogus scheme to get more people in the door. Those "rebated" deductible don't just fall off trees. They're hard dollars no shop has the margin to cover. The only plausible way to do it is to inflate the estimate. People just don't get it. They think they're getting something for nothing. In the end (literally and figuratively) they're paying for this through higher premiums.""

-------------------

Dread,

I somewhat agree that the insurer's conjure up this bogus scheme to get more people in the door. Those "rebated" deductibles that some insurer's are advertising currently don't just fall off trees. The only plausible way to do it is to inflate the Premiums.

And to make matters worse... the add another $100 for each year (up to 5) without a claim hurts those that go for Decades without an accident. How so...?? Well... if an insured has an accident every 5 years over a twenty year period they will have been forgiven $2000.oo, while during that same 20 years the other insured has one accident they are forgiven $500.oo?? Seems a little backward to me.

Fred,