Auto Insurance, Canceled, bad credit - help!

Hi Mark!

Jessi is right, you ARE a cutie!!!

Mark, have you tried going to a local insurance broker? They can usually help out with this kind of thing. They usually don't have a brand name like Geico or something, but I bet they will help you...it's worth a shot!! Let us know how it goes.......

~Mary (Still flirting)

rocheinsurance.com/auto.htm

henniganinsurance.com/AutoInsurance.html

Maybe try those places? They are in Boston....

~Mary

Mark: for some reason its not letting me PM you. Anyway, you should go online to Progressive and try them. I worked for them for about five years and I can tell you that they pretty much insure anyone!! Whether you have bad credit or 10 DUI's (yes I've seen them insure someone with 10 DUI's), they will insure you. I had them for a long time and they never charged me an overly outrageous downpayment either and I had bad credit too.

If you are still having trouble finding insurance, contact local insurance agents in your area. They often work with many different companies and can usually find something for you. I don't know about Massachusetts but in Ohio we have something called bonded insurance as well. This is where the insurance follows you instead of the vehicle. Basically, you have liability insurance so that if you cause an accident, the other person is covered but your vehicle would not be covered. My fiance has this for two reasons. One: he has bad credit and a bad driving record and its much cheaper than regular insurance. Two: his truck is old and not worth insuring. You should check and see if they have something similar in Massachusetts.

Lastly, if you find someone who will insure you but you cannot afford it, here are some things you can do temporarily to help lower the cost. First, if your car is not worth insuring itself, do not choose comprehensive or collisison coverage. You take a risk if you get into an accident though because your car will not be insured and you will have to pay for any repairs out of pocket. The other option is to raise your collision and comprehensive deductibles to the maximum allowed. For instance, a $500 deductible is going to cost you more money than a $1000 deductible. Again, if you should get into an accident you are going to pay more money out of pocket, but for a temporary solution if you're deperate to get insured, that's an option. Also, while it's generally better to keep your liability limits high in case you seriously injure someone in a car accident, you can lower your liability limits to the state minimum. That means you are not as well covered, but again, all of this can be done as a temporary solution to get you up and running and you can change these things anytime during your policy period after you get back on your feet. Your policy premium will go up if you do make changes but at least you'll have insurance and not have an enormous downpayment. Also, make sure the insurance company isn't automatically signing you up for any extras such as roadside assistance, etc.

Let me know if you still can't find something and I can find another high risk insurance company that does business in your state.

Mark-check in the town where you live,or close by for auto insurance. In our phone book under auto insurance,some say they will insure high risk drivers,etc.In order to get caught up you may have to find some part-time second job work. Talk to the counselor when they call they may have some other solutions for you-just don't get in a trap of taking out loans to pay loans-that ccan get you into deeper trouble.The credit counselors here are very knowledgeable and will probably have solutions you haven't thought of So take a deep breath and read some of the postings here in the forum,you'll probably find others in the same boat,and how they got out of it!Good luck,welcome and keep us posted ...Karen

Thank you for all your responces!

ok progressive, geico, allstate, and just about every other major auto insurance company does't offer their services in Massachusetts.. seems like Arbella or Prudential are the only vendors and you can't even deal directly through them. I have been calling around and haven't gotten very far they all want 70-90% down because of non-payment cancelation (this is a nightmare)

I was canceled do to non-payment my driving record is not the greatest (but no DUIs) I don't know how my credit is affecting my renewal rate on my auto insurance but it is definetly stopping me from getting approved on a loan to pay for it.

I am trying to take Jenn's advice with the state minimum. I will let you know how it goes there has got to be some company that will take a chance on a bad credit/ bad driving record (man, do I sound like a bad package or what?)

I had a co-sign but they will not take the loan out for me.. and I respect that but thanks for all the sugestions. I am still trying to figure it out and I will let you know how it goes for me.

oh yeah it's a 2006 Scion tC I got in november so its definetly something I don't want to risk losing.

Thanks for the luck I think I'm going to need it

Mark: I found another insurance company for you to try. It's called Safety Insurance and their website said their a preferred insurance provider in Massachusetts. I don't know much about them, but I do know that they provide insurance in your state. There are also insurance companies that are solely online like e-insurance and places like that. Did you try searching the internet and getting some quotes from online sources as well?

Just remember to keep your deductibles high and liabiltiy limits low when you get your quote (so you'll have lower downpayment) but don't forget to raise your liability limits back up and lower your deductibles after you get the insurance. Your payments will go way up but at least you'll be insured and driving!!

Good luck with your search.

Jenn Your the best I'm talkin to them right now!

Great!! Let me know how it goes!! I'm keeping my fingers crossed for you

Just wanted to post an update:

Thanks everyone for their response! I had to put down $500 and got the rest finnanced through an arizona based company...

You guys are all great! thank you sooo much!

-Mark

hello,everyone! I'm new here. just log-in and say hi. hope i can be part of this community. I'm from tamana, Japan.
lol.

I used to work in insurance a while ago...couldn't make it in the business though...felt like I was shafting little old ladies when their claims were denied

The reason that most (not all) insurance companies check your credit is that studies have shown that people with poor credit are time and time again more likely to file multiple and even outragous claims when money is tight. You become a risk to their insurance company (because they make money on the money you pay in and they invest incase of claims and claims=less profit and it cuts into their comission). It isn't really fair at all judging someone by their past- to me it is like profiling.


You might look into companies like SafeCo.

GL
Chrissy

I used to work in insurance a while ago...couldn't make it in the business though...felt like I was shafting little old ladies when their claims were denied

The reason that most (not all) insurance companies check your credit is that studies have shown that people with poor credit are time and time again more likely to file multiple and even outragous claims when money is tight. You become a risk to their insurance company (because they make money on the money you pay in and they invest incase of claims and claims=less profit and it cuts into their comission). It isn't really fair at all judging someone by their past- to me it is like profiling.


You might look into companies like SafeCo.

GL
Chrissy

Just simply find some insurance company which unfortunately offers big budgetary balance, perfectly recognised not to mention exceedingly respected by simply buyers. It is possible to certainly see that one on your own neighborhood area

My concerns are: The amount can a provider legally cost to allow coverage holder out of his car insurance policy?
Just how much does your company charge when a person would like to stop and how much pressure do you use to maintain them?
What are some ideas something like that we can say if our customer has many months left on his existing auto coverage? Surely, many of us are not going to hold back until his renewal comes due each and every time.