Heads Up For TD Insurance

[The Cobra]

I just want to give our members a little heads up on what I found this week that our auto insurance companies are up to. See if your company has the same policy..........
The other day my son (21 yrs old) got a call from TD Insurance telling him he had to list all the drivers in my house complete with their info (drivers liscence etc) or his policy would be cancelled. What? Do we not have a privacy of information act?---Anyway he did this and on the next day he got a call from them saying his rates would be increasing $63/ mnth starting immediately. Why? because my daughter had been in an accident (her fault) 6 yrs ago. Now, my daughter never drives his car, my son is a professional driver (trucks) has never had a ticket, claim or accident nor is he up for renewal. When I called re this stupid rise in his rates I was told basicly to "blow off" because I wasn`t him calling----when I told them I had my mortgage, bank accnts etc etc with them I got someone to listen at least.
I`ll assume they weren`t listening but maybe playing cards while I spoke because the end result was-----"too bad let him go get another company, that`s our policy".
As far as I can see that`s age discrimination in that they don`t want to insure kids at all and will find any reason under God`s green earth not to insure.

But wait.....that would be illegal wouldn`t it???

[Hunter11]

They basically want to know if there is a chance of your Daughter driving his vehicle, the solution would be to sign a waver stating that she would not. I had the same problem with my Daughter when she lived at home. Signed the waiver = no increase in premium.

[The Cobra]

thanx bud I`ll give it a shot. But I`d still like to find out how they can get away with this kind of crap cause you gotta believe there will be something else tomorrow. Could it be that the Insurance companies "lobbied" our politicians pass laws that only protect the chosen few with the freedom of information act? Forcing one person to give out all his own info is bad enough---but now these guys are making us give out the info of others as well. This can`t be right.

[The Cobra]

OK---thanx Hunter---waiver is on it`s way---- but he has to pay the increased rate for the first mnth. I asked why they didn`t tell me this in the first place? and each of the 3 pointed the finger at the other saying they thought the other one told me. What a lot of crooks.

Thanx again bud, at least we dodged the bullet this time.

[clarkie]

But I`d still like to find out how they can get away with this kind of crap.........u said it Cobra..u live in Canada..in the States ..any one living in your household that drives my or my wife car is insured.and u DONT have to tell the insurance company and they are insured....go figure..this is a little known fact..not sure many people living in the USA know this one..trust me on this one folks

[trump62]

Thanks for the heads up Cobra. My niece does not deal with TD, but she recently received her renewel for her car insurance. Her policy had gone up over $1000.00 for the year. She asked me to look it over and I noticed her daughter who lives at home, was on the policy. I asked if her daughter drove her car and she said no, her daughter had her own car and own insurance with the same company.She called the company and they said they would remove her daughter from the policy but did not know why she was put on in the first place.

[The Cobra]

But I`d still like to find out how they can get away with this kind of crap.........u said it Cobra..u live in Canada..in the States ..any one living in your household that drives my or my wife car is insured.and u DONT have to tell the insurance company and they are insured....go figure..this is a little known fact..not sure many people living in the USA know this one..trust me on this one folks

In a word my friend------LOBBY !!
It seems that the only ones protected by the Freedom of Information Act are these multi-billion dollar companies-----not us poor citizens that voted for the crooked politicians that set it up.
But you`re right, under the Act you don`t have to tell the insurance company someone else`s info------------and they will cut you off, cancel your policy, red flag your name for other insurance companies------but wait, that`s collusion..........also illegal, isn`t it?

[Hunter11]

they need to know the household driver to vehicle ratio. There are many scenario's but to give you an example would be to have 3 drivers and 3 vehicles insured under the same household/ policy. This would indicate that a younger driver that is considered an occasional driver would have full time access to a vehicle and would more than likely be a full time driver. Other drivers in the house that have had accidents in the past would also have access to each vehicle increasing the liability. Waivers can keep the cost down for you and the chances of a claim against the insurer are minimized. It may seem like an invasion of privacy but it is quite normal for insurance companies to request this info. Don't take it to heart, just inform and educate yourselves to combat these changes in policy.TD probably has one of the most competitive rates, but shop around to confirm. don't change your insurance company if you have any outstanding tickets, this will prompt an abstract and the new rates will apply against you.

[JCO]

If your in the Ontario or Quebec market get a quote from Belair Direct.. Great service and pricing.. Home and auto.. It was about half of what TD was quoting me...:thumbsup:

[Hunter11]

Additional savings can be had by the insured by requesting a quote with an increased deductible. It is a bit of a gamble and you must be prepared to pay the increased deductible in the event you need to exercise that option in the event of a claim.

[Hunter11]

If your in the Ontario or Quebec market get a quote from Belair Direct.. Great service and pricing.. Home and auto.. It was about half of what TD was quoting me...:thumbsup:

I pay annually for all my insurance,it stings a little but don't like the monthly payments gouging me 12 times a year.It also prevents them from increasing my premium until the following year. I am due in a couple of months so I will look into this "Belair Direct. thanks pal.;)

[The Cobra]

they need to know the household driver to vehicle ratio. There are many scenario's but to give you an example would be to have 3 drivers and 3 vehicles insured under the same household/ policy. This would indicate that a younger driver that is considered an occasional driver would have full time access to a vehicle and would more than likely be a full time driver. Other drivers in the house that have had accidents in the past would also have access to each vehicle increasing the liability. Waivers can keep the cost down for you and the chances of a claim against the insurer are minimized. It may seem like an invasion of privacy but it is quite normal for insurance companies to request this info. Don't take it to heart, just inform and educate yourselves to combat these changes in policy.TD probably has one of the most competitive rates, but shop around to confirm. don't change your insurance company if you have any outstanding tickets, this will prompt an abstract and the new rates will apply against you.
Dead on the money my friend------TD was far and away the best rate for my son, even with the proposed increase. And I think we all understand the reasons why these insurance companies are asking for the info---I don`t find it an invasion of privacy to give out my own info so one can get an accurate rate.......I don`t have any problem with a waiver "signing off" a certain driver (although the accident was 6 yrs ago and her record is now clean)my problem arises from the forcible way the company acts so you`ll give out the info of someone else besides yourself and the fact that you as a consumer are not informed of this waiver until after the new rate has been enacted..

[The Cobra]

If your in the Ontario or Quebec market get a quote from Belair Direct.. Great service and pricing.. Home and auto.. It was about half of what TD was quoting me...:thumbsup:

Yup----I had priced out TD for my car & home insurance-----while my car insurance was a little less than my current rate the comparable house insurance was through the roof, more than double. Never heard of Belair Direct and I`m in Ont.....but I have now and will check it out.....Thanx JCO

[Hunter11]

Yup----I had priced out TD for my car & home insurance-----while my car insurance was a little less than my current rate the comparable house insurance was through the roof, more than double. Never heard of Belair Direct and I`m in Ont.....but I have now and will check it out.....Thanx JCO

I just had a quote from Bellair for both home and auto. There were unfortunately no savings but rather a small increase compared to TD.

Annual price;

TD home =$846.72
BA quote =$1,233.00

TD auto = $1,884.00
BA quote=$2,017.00

Not worth the conversion but worth the time to compare the two.

[clarkie]

Is there not insurance brokers over in Canada, that will compare different companies against each other , for the best price to the policy holder?, i know there are in the US

[The Cobra]

Is there not insurance brokers over in Canada, that will compare different companies against each other , for the best price to the policy holder?, i know there are in the US

Yup---I have one myself....but they only have so many companies in their portfolios. Not one broker is involved with all the companies, each broker may handle say 10 or 20 companies. But as you know insurance is a money game or grab which ever you want so there are lots to choose from. But rest assured...they are all in bed with the same politicians. You`re far better off and will cover more companies by doing it yourself........at least you can trust your own work.

[Hunter11]

Yup---I have one myself....but they only have so many companies in their portfolios. Not one broker is involved with all the companies, each broker may handle say 10 or 20 companies. But as you know insurance is a money game or grab which ever you want so there are lots to choose from. But rest assured...they are all in bed with the same politicians. You`re far better off and will cover more companies by doing it yourself........at least you can trust your own work.

Competition is what keeps them in line, I would be surprised to see a significant difference from one reputable company to the next for the same value and quality in product. Nothing wrong with comparing though. Keep them on their toes. lol.

[JCO]

They give you a price and its for 2 years.. No chance of a gouging...And the monthly premium is at no charge.. Some will offer a reduced amount if paid in one shot, not with belair.. They have also...

[1boxman]

In ON and QU get raped for Insurnace .

As far it should be...Knowing who lives in your house ..is none of there buss...Knowing who will drive the car is .

So if known one under there standard age ..is about 21 to 25 is good to go .

These poor kids starting out ..in the driving world is ridicules now .

My house Ins. just went up 150 % for no reason..They said that is what it is..nice.

Worse is ..you do go somewhere else ..specially in auto Ins. ..You may get a better rate for the first year than get hammered later ... and start out all over again for your rating in driving performance .

Sorry for the rant.... but I feel for ya ..I deal with Ins. all the time with claims and repairs ...We are not free .

Something needs to changed .

[Hunter11]

They also said there is a discount if you have summer and winter tires, 8 tires in total and a discount for each monthly payment made.Another discount if you include your Home owners insurance.All in...

[JCO]

They also said there is a discount if you have summer and winter tires, 8 tires in total and a discount for each monthly payment made.Another discount if you include your Home owners insurance.All in all it was not enough to make it worth my while, of course each individual is rather unique so it may be worth it for someone else.

Winter tires are compulsory in Quebec and should also be in Ontario. Issue I see is that if you have winter tires and everyone else doesnt , its your rear bumber thats going to take the bashing..LOL

[Hunter11]

Winter tires are compulsory in Quebec and should also be in Ontario. Issue I see is that if you have winter tires and everyone else doesnt , its your rear bumber thats going to take the bashing..LOL

It should be mandatory in Ontario by 2013 I believe, the tire hotel has been born to accommodate those that can not store the 4 off season tires. Ideal for apartment dwellers.This is thinking ahead of the proverbial curve.lol.

[JCO]

It should be mandatory in Ontario by 2013 I believe, the tire hotel has been born to accommodate those that can not store the 4 off season tires. Ideal for apartment dwellers.This is thinking ahead of the proverbial curve.lol.

Where theres a buck to be made theirs a capitalist...LOL
I hope people are smart in Ontario and mount those winters on rims.. Makes for an easy swap in spring and fall and ends up saving money and the tire beads..
Winter tires became compulsory in Quebec last year I believe.. I have always run Winters and a summer compound.. No four season compromises here..

[The Cobra]

Winter tires are compulsory in Quebec and should also be in Ontario. Issue I see is that if you have winter tires and everyone else doesnt , its your rear bumber thats going to take the bashing..LOL

Yup-----any change in the rules in Ont. would have to be across the board for the insurance to pass any savings. (LMAO, I even gag when I say saving and insurance in the same sentence).
Now think kids----how can we get the Michelin Man in bed with the insurance co to get in bed with the politician to make it law for Ontarioans to have snow tires in winter.?

[pupp1977]

You guys need to call the BBB or some consumer or insurance advocate. It is no ones business who resides in your house, its one of the few places left that is private and I for one wouldn't take it from an insurance company. Write letters and make calls, make a stink of it all, I'd even send letters to as many people in Parliament as possible. just in case here's a list, just add http:// .
webinfo.parl.gc.ca/MembersOfParliament/MainMPsCompleteList.aspx?TimePeriod=Current&Language=E

[Hunter11]

You guys need to call the BBB or some consumer or insurance advocate. It is no ones business who resides in your house, its one of the few places left that is private and I for one wouldn't take it from an insurance company. Write letters and make calls, make a stink of it all, I'd even send letters to as many people in Parliament as possible. just in case here's a list, just add http:// .
webinfo.parl.gc.ca/MembersOfParliament/MainMPsCompleteList.aspx?TimePeriod=Current&Language=E

They don't want a census, they want to know how many members of the household posses valid drivers licenses to compare with the amount of vehicles. It is valid information required in the auto insurance industry.Your premiums are calculated accordingly.

[trump62]

It seems that every time the government passes a law that cost taxpayers money and profits big business who in turn contribute to their political party, it is for our own good or our safety. I can see the need for winter tires in some parts of Ontario such as London, Sarnia, or Huntsville, but down here in the banana belt we don't see that much snow. Today we had a light dusting so I used a broom to sweep the steps lol.

[pupp1977]

not really, I live in Saskatchewan and they do not ask how many people drive or who has a license, or how many cars in your driveway. to be honest for the longest time my grandmother insured my car as she had better rates. but I guess it is different here as SGI issues the drivers license and the insurance. whats next are they going to give you an increase if you lend your car to your mom or someone you trust while theirs is in the shop or to move to a new home. My point is they'll push you as far as you let them.

[Hunter11]

not really, I live in Saskatchewan and they do not ask how many people drive or who has a license, or how many cars in your driveway. to be honest for the longest time my grandmother insured my car as she had better rates. but I guess it is different here as SGI issues the drivers license and the insurance. whats next are they going to give you an increase if you lend your car to your mom or someone you trust while theirs is in the shop or to move to a new home. My point is they'll push you as far as you let them.

They will not insure a car loaned to someone under 25 years of age in Ontario unless specifically stated in your coverage so if you loan it out and incur damages you are on your own.I believe the government insures your vehicle and any additional coverage is optional by private insurance companies.

[pupp1977]

well thats kinda stupid that you can't loan your car out unless the policy says you can. grrr this topic makes me think about how Free we actually are these days.

[Hunter11]

well thats kinda stupid that you can't loan your car out unless the policy says you can. grrr this topic makes me think about how Free we actually are these days.

It's the rate of accidents and percentages that dictate the additions and changes reflected in policies. We all hate paying for premiums but in the greater scheme I would hate to pay out of pocket for any severe damages whether it be personal or property.$2000 a year seems pretty reasonable compared to a million dollar out of pocket settlement awarded against ones personal estate.

[The Cobra]

You guys need to call the BBB or some consumer or insurance advocate. It is no ones business who resides in your house, its one of the few places left that is private and I for one wouldn't take it from an insurance company. Write letters and make calls, make a stink of it all, I'd even send letters to as many people in Parliament as possible. just in case here's a list, just add http:// .
webinfo.parl.gc.ca/MembersOfParliament/MainMPsCompleteList.aspx?TimePeriod=Current&Language=E

While I totally agree with your frustration pal, I`ll remind you that these guys in Parliament are the guys guilty of taking the lobby $$$$$ to make the insurance laws in the first place. Insurance companies can`t make a law and pass it themselves------they have to have a politician with an open pocket to start the ball rolling. The only way to stop it----find out your MPP and their vote on various issues, then vote them out of office. It`s the only thing politicians listen to----no more free ride !! They`ll change their votes faster than Pam Anderson changes her....... if they think they may be out of a gravy job.
My opinion has always been that there should be a class action lawsuit filed by "the people" against the politicians in Canada for misrepresentation.

[satchick]

Most companies do offer discounts for winter tires and other things that reduce your (and their) risk... Of course, they never tell you about those discounts, you have to ask.

We have snow tires on the daily drivers, and discount or not they're a great idea... I have them on separate rims to make the switch easy, and to avoid ruining my good rims. I did get a nice discount for having a monitored alarm and fire extinguishers in the house though....

Just about every company will give you a discount for having all of your insurance with them. I have my car, house, and jetski insured with the same carrier and get a discount for doing so... Just be careful, even with the discount having your homeowner's insurance with another carrier might be cheaper, especially if you're high risk...

[marcelect]

We are with TD insurance also and they are on my list of rip off artist also.I have accounts,mortage,inssurance with them.I have 3 vehicles.One is full coverage and the 2 others are one way only.It cost me $1800 a year plus another $1200 for the house.I only drive one vehicle at a time.My wife drives one of them ocasionaly.Not the van nor the pick-up.Why so much?TD inssurance was actualy Meloche Monnex insurance before out of Montreal.That company only insured doctors and lawyers or proffesionels with money.I think they want to keep their snoby trend.

[Hunter11]

We are with TD insurance also and they are on my list of rip off artist also.I have accounts,mortage,inssurance with them.I have 3 vehicles.One is full coverage and the 2 others are one way only.It cost me $1800 a year plus another $1200 for the house.I only drive one vehicle at a time.My wife drives one of them ocasionaly.Not the van nor the pick-up.Why so much?TD inssurance was actualy Meloche Monnex insurance before out of Montreal.That company only insured doctors and lawyers or proffesionels with money.I think they want to keep their snoby trend.

You have 3 vehicles and 2 drivers so they would assume that you would use one, your wife would use one and you would be loaning the 3rd one to family or friends. Again speak with them about a waiver, if one or two of the vehicles are being used by you exclusively then agree to those terms and your premium should be lowered substantially.If this is not the case then you are paying what you should be paying currently. It costs nothing to ask.

[The Cobra]

Most companies do offer discounts for winter tires and other things that reduce your (and their) risk... Of course, they never tell you about those discounts, you have to ask.

We have snow tires on the daily drivers, and discount or not they're a great idea... I have them on separate rims to make the switch easy, and to avoid ruining my good rims. I did get a nice discount for having a monitored alarm and fire extinguishers in the house though....

Just about every company will give you a discount for having all of your insurance with them. I have my car, house, and jetski insured with the same carrier and get a discount for doing so... Just be careful, even with the discount having your homeowner's insurance with another carrier might be cheaper, especially if you're high risk...

Great advice satchick-----I think the part that sticks in my craw the most is the "having to ask" part for discounts. You pay them, therefore they work for you (supposedly) therefore they should, being reputable as they are LOL disclose any information of discounts available to you----not just keep the info to themselves even tho you may indeed be eligible for the discounts.