FDNewbie

iTrader: (10)

I understand it'll affect your insurance rates, maybe even your security clearance (since like you said, they don't like people w/ records), but HOW does a motion violation affect your credit rating??

Pele

iTrader: (28)

I have a shitty driving reccord and an awesome credit score.

kenn_chan

I read several articles on MSN.com finance section that said that a lot of credit companies, are checking insurance, and driving records and tying those into credit scores, I don't understand all of the details but the gist was that people who get serious infractions (uh 115 in a 55 might be considered such) had been found to overall be a higher creidt risk. it also mentioned that not all credit companies had gone this route, just a few so far. This being the case more of them might go the same route.

take that as advice, and not neccessarily fact, just somthing i read and regurgitated

FDNewbie

iTrader: (10)

Hey I wasn't arguing w/ you...just trying to imagine the connection between the two...

It sounds like it's one of those dirty schemes companies use to raise rates on ya, irrespective of whether there really IS a connection or not. It's like my insurance company (Progressive). They raised my insurance because of an HOV violation!! For those of you who don't know what that is, it's a lane or road that's restricted to High Occupancy Vehicles (having 2 passengers or more, sometimes 3, depending on the roadway). The restriciton is based on the time of day...usually during rush hour. Eg., I-66 Westbound, from 6:30am to 9am is HOV-2, so all cars MUST have a passenger in them. After those hours, it's free-for-all.

The Commonwealth of Virginia stature CLEARLY shows it is NOT a motion violation, and does NOT carry any points on your license, BUT my insurance company somehow finds that an HOV violation is something that warrants me to be somehow unsafe ?!?! For being on a road w/ one less passenger than necessary at a certain time of day?!

As for the credit risk, I think it's safe for me to say I drive faster than at least 98% of the US population, but my credit is rock solid. I'd understand if they were looking for DUIs, since job recruiters do the same (they extrapolate from a DUI that you're irresponsible, and thus not a good candidate).

EDIT: Sidenote, just in line w/ VA being the "Welcome to our state; please unbuckle your belt, and drop your pants, because out troopers WILL screw you" state lol, VA just raised the HOV violation fine from $500 to $1000 as of July 1st!!

Felgar

Insurance is the biggest scam next to casinos. It shouldn't even be legal to operate the way they do. I HATE insurance companies. The latest travesty that I've heard lately is that with new laws in my Province, companies will no longer insure any modified vehicles. Installing any Turbo that is not stock and/or any NOS will automatically bump you to the very highest risk category regardless of your driving record. It's a joke really.

sweetege

www.Hagerty.com that is al i have to say if your car is more than 25 years old than you can get insurance for less that 200 a year, i e-mailed them and they said they do not have any restraints on the mileage you put on it.

FDNewbie

iTrader: (10)

Felgar, where are you located? I can't figure out what "AB" is in your location (Calgary, AB).

I've had nice long conversations w/ Hagerty a couple of times now, but not for my FB....for my FD. They are just recently getting into the "sport compact" scene, ie, insuring cars that are 19 years and younger, w/ lots of modifications. The only modified cars they used to cover were 20 years and older. Prob is (here's the clencher), since they're in the early phase, they don't have a set policy for it yet, so they're only taking drivers w/ PERFECT driving records. Ie, my record had ONE speeding ticket on it, that's IT. And it was 15mph over the limit. The guy said for NOW, that's too much...since they don't have a policy in place to calculate the premium for various violations (again, this is for a modified newer vehicle). But he said within 6 months (which was about 3 months ago), they should have one in place, and be able to offer me coverage. Oh and there IS a mileage restriction in these cases, because they insure these cars not as daily drivers, but as show cars only.

As for the FB, mine's an '84, so I still got a few years to go. I can't wait tho...cuz once that time comes, I'm exempt from emissions too!! Antique baby! Headers, full exhaust, you name it...it'll ALL be on the way haha.

kenn_chan

I wasn't meaning to souond grumpy, I was typeing this during my lunch hour and was trying to hurry. no ofence taken, and hopefully you don't feel offended, just when I am in a hurry I type very fast, than and my grammer sucks donky *****! seriously it sounds like a scam to me, but thats big business as usual, "lets see how we can f%^kthe little guy some more" seems ot be the norm in todays world.

RotorMotorDriver

iTrader: (1)

Ok, I made it to page 3, and got bored reading. I just thought I would chime in that I got pulled over at 3 AM going 110 in a 60 on south bound 405, and got a ticket written to me. All it cost me was some court fines. That was it. Granted, I think I got lucky, but I never had my license suspended (knock on wood) for that or any of the numerous tickets I racked up back in the day. Ironically, I write them on Ft. Lewis here in Washington now, lol. I do have to admit that as much as I dont like seeing speeders like that, its kinda fun catching up to em.

~T.J.

Felgar

Calgary, Alberta, Canada. It's about an 8 hour drive North from the border at Montana.

cosmicbang

Hagerty does not have mileage restrictions, but they are a little more strict about tickets. Try one of the other companies such as Grundy, JC Taylor, American Collectibles, etc. Because my wife had 2 tickets Hagerty would not write a new policy even though she is not a driver of the vehicle. However Grundy didn't have a problem with it. All my cars except for one daily driver and one truck are on specialty insurance. I've found they are more lenient if you have a history and several other vehicles insured with them. My underwriter even took an FD on the policy.

Aviator 902S

Uh, not unless you only drive 25 mph. Calgary (pop. 930,000 people and counting, with over 1,000,000 including the surrounding communities) is actually about three hours north of the Montana state border, assuming an average speed of 60 mph.

Calgary is just north of the 51st parallel, the border being at the 49th parallel. That's just over two degrees lattitude, with each degree being 60 nautical miles (about 70 statute miles) as the eagle flies. That's about 150 miles north of the border, but more than that when you consider the twists and turns in the road--- maybe just under 200 miles on the odometer.

FDNewbie

iTrader: (10)

I think Hagerty assigns mileage restrictions depending on what type of coverage you have. Example: under their "Exotic & Speciality Vehicle Coverage," it says "Must be 19 years old or newer. Rare or “limited production” vehicles built in the last 19 years, such as Ferraris, Lamborghinis, Dodge Vipers and Plymouth Prowlers, etc. may be eligible for our exotic and special interest vehicle program. Because these are newer vehicles that are often driven and used like a regular-use vehicle, Hagerty must ensure that the vehicle is being treated as a collectible."

I'm gonna check out Grundy...but AFTER I see what becomes of my most recent ticket