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Probably has a DUI or 2. Also possible that they have a car worth a lot, but I think normally that goes through a specialty insurance company, or is just "self-
by czinck 7y ago
Probably has a DUI or 2. Also possible that they have a car worth a lot, but I think normally that goes through a specialty insurance company, or is just "self-insured" for collision coverage so the value of the car doesn't affect the premium.
- saber6 7y agoLol I knew a guy with 2 DUIs and on a SR-22. His insurance was 550/mo with a 1 year old Honda. $1k/mo+ for insurance better be a yacht or a Bugatti or some shit lol.
- giarc 7y agoWould All State still insure a person like that? I thought most well known companies would drop people with DUIs and leave them for lesser known "high risk insurance" companies.
- ssharp 7y agoIdeally, Allstate would access risk accurately and set their rates appropriately. For high-variance situations like this, over-indexing your loss ratio seems like a not-so-bad move. Yes, you can get our insurance with your two DUI's but your price is 2x expected loss. Pretty solid odds if you're pretty confident in your pricing model.