Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 Insurance is a very legal ponzy scheme. Government insurance for auto's is in fact a much better deal for the consumer. That is very incorrect, government auto insurance is the worst value per dollar in Canada. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
punked Posted August 7, 2009 Report Posted August 7, 2009 First how is his truck registered, is registered commercial or personal, 2. What level of liability coverage does he have on it. 3. How many years of claims free coverage does he have credit for. 4. How many years of insurance history does he have.I have a 05 truck and an 09 car, combined the insurance is 2100.00 One is rated business use one is rated for commute. I have what you would call comprehensive coverage liability, collision 500 ded, and comprehensive 250 ded, plus loss of use endorsements, non owned vehicle coverage, and a host of other endorsement coverages. I suspect your friend is under 25. A person in winnipeg will typically pay 1800 to 2500 for a all perils coverage on their vehcile. Also you have no right to sue all you get is a meat chart payout. As I said you get more for less under private insurance. In fact Alberta's insurance act is rated the best in Canada. Public Auto Insurance Causes More Deaths and Damage http://www.fraserinstitute.org/newsandevents/news/3931.aspx Public Auto Insurance Provinces Rank as Lemons http://www.fraserinstitute.org/newsandevents/news/3987.aspx Government Auto Insurance Delivers Worst Value for Consumers http://www.fraserinstitute.org/newsandevents/news/4128.aspx The report, Auto Insurance Market Quality Index 2006: Annual Comparison of International Auto Insurance Markets, Hey cite the Fraser institute some more please. Quote
punked Posted August 7, 2009 Report Posted August 7, 2009 That is very incorrect, government auto insurance is the worst value per dollar in Canada. Accept it has proven cheaper with less overhead. Quote
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 Another thing about MPI. They will almost never refuse a claim. They always pay up. That is incorrect they only pay up for claims that are covered by the insured peril listed in your policy declaration, as do private insurance companies. In fact you may not be aware, but a lot of manitobans buy extension insurance policies because of the holes in MPI coverage. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
punked Posted August 7, 2009 Report Posted August 7, 2009 In fact you may not be aware, but a lot of manitobans buy extension insurance policies because of the holes in MPI coverage. I haven't met any of them. Got numbers? Quote
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 I noticed you didn't compare it too Sask, BC, PQ or any of the other provinces which have government car insurance, could it be that Manitoba makes you take a comprehensive plan? Yeah they pay a little more and get a lot more out of their insurance. Sure we can compare it because it surpases all of those provinces too. Sask is a different duck because it has both tort and no-fault coverage. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
punked Posted August 7, 2009 Report Posted August 7, 2009 Sure we can compare it because it surpases all of those provinces too. Sask is a different duck because it has both tort and no-fault coverage. Numbers compared to coverage and public policy. Sure I can cheap auto insurance in NS becuase they have a lower standard, and the Conservative government put a cap on claims. That is different to BC where there is no cap and they demand more coverage. Quote
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 Hey cite the Fraser institute some more please. Their methodology in the comparision is correct, but if you have enough knowelege of the industry read the reports and refute them, item by item. If you hadn't guess my background was in insurance, I have seen a great many policies from all of the western provinces fire, and know how to Analise them. I have dealt in all western jurisdictions, I have seen many comparisions. So go ahead pick the Fraiser reports apart, if your think you have the knowlege. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 Hey cite the Fraser institute some more please. Their methodology in the comparision is correct, but if you have enough knowelege of the industry read the reports and refute them, item by item. If you hadn't guess my background was in insurance, I have seen a great many policies from all of the western provinces fire, and know how to Analise them. I have dealt in all western jurisdictions, I have seen many comparisions. So go ahead pick the Fraiser reports apart, if your think you have the knowlege. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 Numbers compared to coverage and public policy. Sure I can cheap auto insurance in NS becuase they have a lower standard, and the Conservative government put a cap on claims. That is different to BC where there is no cap and they demand more coverage. You have injury pay out caps in Manitoba as well. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 I haven't met any of them. Got numbers? Ask your broker how many extension policies they sell on top of MPI coverage a day, they'll tell you. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 Accept it has proven cheaper with less overhead. you have supplied no proof of this, come on lets see an independant study, if you can find one lets look at the methodology. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
jdobbin Posted August 7, 2009 Report Posted August 7, 2009 (edited) That is very incorrect, government auto insurance is the worst value per dollar in Canada. According to the Fraser Institute. Saskatchewan and Manitoba have the lowest insurance rates in the country. Manitoba returns 85 cents on the dollar. The contents of the Fraser Report were discussed in 2007 in the Manitoba Legislature. http://www.gov.mb.ca/legislature/hansard/1...sardpdf/cc2.pdf http://www.carinsurancecanada.net/manitoba...-insurance.html Manitoba has one of the lowest premiums for car insurance in Canada. Manitoba Public Insurance has announced a 10 per cent rebate for everyone who paid car insurance in 2008. After the rebate, the average car insurance premium in Manitoba for a passenger vehicle is $833 per year, according to MPI. Edited August 7, 2009 by jdobbin Quote
punked Posted August 7, 2009 Report Posted August 7, 2009 And here we go again What a "free market" would mean for those in BC http://www.policyalternatives.ca/documents...s/down_road.pdf How NB insurance could have been better if it was public http://www.policyalternatives.ca/documents...bs/brief5-1.pdf I also like this one "Public Auto Insurance on new cars in Saskatchewan is 25% lower than the rate in Vancouver, 40% lower than Calgary, 59% lower than Toronto, 62% lower than Montreal, and 63% lower than St. John’s, Newfoundland." http://www.policyalternatives.ca/documents...asknotes2_2.pdf Quote
punked Posted August 7, 2009 Report Posted August 7, 2009 you have supplied no proof of this, come on lets see an independant study, if you can find one lets look at the methodology. Just posted them. Quote
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 According to the Fraser Institute.Saskatchewan and Manitoba have the lowest insurance rates in the country. Manitoba returns 85 cents on the dollar. The contents of the Fraser Report were discussed in 2007 in the Manitoba Legislature. http://www.gov.mb.ca/legislature/hansard/1...sardpdf/cc2.pdf http://www.carinsurancecanada.net/manitoba...-insurance.html The speaker from MPI enter no numbers no reports on the price comparisions, no methodology for claim payouts. It was just speaking points with no data back up. No one other then MPi was invited to speak, not a balanced non partisan report. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
Smallc Posted August 7, 2009 Report Posted August 7, 2009 A person in winnipeg will typically pay 1800 to 2500 for a all perils coverage on their vehcile. Also you have no right to sue all you get is a meat chart payout. Most vehicles are between 1200 and 1500 with 200 deductible, 2M liability, no charge for wildlife and theft, and all the other goodies. A 500 deductible is quite basic here...in fact it's the lowest one possible. As I said, what you consider comprehensive isn't very. Quote
Smallc Posted August 7, 2009 Report Posted August 7, 2009 You have injury pay out caps in Manitoba as well. Not anymore you don't. It was changed this year. I can't find the story right now though. Quote
jdobbin Posted August 7, 2009 Report Posted August 7, 2009 (edited) The speaker from MPI enter no numbers no reports on the price comparisions, no methodology for claim payouts. It was just speaking points with no data back up. No one other then MPi was invited to speak, not a balanced non partisan report. The data was based on the Consumer Association of Canada, a non-partisan organization.. http://www.consumer.ca/pdfs/030910_report.pdf Here is some more information from CAC: http://cnews.canoe.ca/CNEWS/Canada/2009/07...203691-sun.html Edited August 7, 2009 by jdobbin Quote
punked Posted August 7, 2009 Report Posted August 7, 2009 (edited) The data was based on the Consumer Association of Canada, a non-partisan organization..http://www.consumer.ca/pdfs/030910_report.pdf but when you cherry pick data like the Fraser Institute to write your papers on who cares. PS dobbin great paper. Never seen this before. Edited August 7, 2009 by punked Quote
Smallc Posted August 7, 2009 Report Posted August 7, 2009 One thing I do find interesting is that they used higher deductible for Manitoba. Perhaps $500 in Manitoba provides the same coverage as $300 in other places? Manitoba does have a $300 deductible, and it is only a few dollars more per year. We have $200 on all vehicles with 1M liability. Quote
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 And here we go againWhat a "free market" would mean for those in BC http://www.policyalternatives.ca/documents...s/down_road.pdf Nothing about how they derived their averages or the coverages being compaired. No explenation of their methedology, no explamation of how they got their quote numbers (I suspect they were online only). How NB insurance could have been better if it was publichttp://www.policyalternatives.ca/documents...bs/brief5-1.pdf You do relise this is about whether or not Nafta would be a hinderance to setting up public auto insurance. Has nothing that relates to average claim payouts no comparison of coverage, price or choice I also like this one"Public Auto Insurance on new cars in Saskatchewan is 25% lower than the rate in Vancouver, 40% lower than Calgary, 59% lower than Toronto, 62% lower than Montreal, and 63% lower than St. John’s, Newfoundland." http://www.policyalternatives.ca/documents...asknotes2_2.pdf Again nothing on how their information was derived, what methodology they used. Just conclusions, that can't be verified. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
punked Posted August 7, 2009 Report Posted August 7, 2009 Again nothing on how their information was derived, what methodology they used. Just conclusions, that can't be verified. You have to go to the end notes and read. Quote
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 but when you cherry pick data like the Fraser Institute to write your papers on who cares.PS dobbin great paper. Never seen this before. You do realise that they picked the nedian rate to do all these surveys not the lowest or the average, thos fact flaws the whole document, as each senarior listed in that report of dobbins will have a very low rate to a very high rate and the median rate is the midlle number in an arranged group, it does not take into account what they actual average is. This also does not reflect any of the prices actually paid on in force policies. Just theoretical numbers, and as a consumer are you going to take the middle price or the lowest price. That study is fundementally flawed. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
Alta4ever Posted August 7, 2009 Report Posted August 7, 2009 You have to go to the end notes and read. I did, and their methodology is to defer to the one report that Dobbin listed. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
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