How to buy back a totaled car cheap.

[cfos]

Originally Posted by Timco

So, guns and car flipping aside, if I get a new policy tomorrow with a new company and total my car day 1, will my payout or settlement be less than if my accident happened with my current carrier of 10+ years?

The lowering rate thing is based on driving class. Someone with no accidents for 4 years is less likely to cause an accident than someone 2 years accident free. We have Am Fam and our rate is way low because our house, rentals, my commercial policy, and my business liability policies are all with them. I guess that makes me a better driver?

I have no idea. Do you have gap insurance? I don't have the whole package like you; I just pay in full. I do know that my family's rate, over time, varies during renewals. Sometimes, I find the same or better coverage for less than the new rate, and I move. But, what if the driver starts at 16 and has no accidents for 4 years. Is this 20 y.o. less likely to have an accident? Is his rate less that a 23 y.o. married returned missionary that didn't drive for 2 years? I dunno. Oh, and I'm sure you are a better driver -- I mean, you drive standard and are more "in touch" with your car.