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kgelner · Oct 3rd, 2002, 06:06 PM

Quote:

The most annoying thing at present is that even though points are dropped off your licence after 4 years (used to be 3), insurance companies ask for "in the last _5_ years".

Since they've got you by the proverbials you've no choice but to answer, even though your licence is "clean".

Harrumph,
Lee. [/b]

I've wondered about that. In the state of the US where I live (Colorado), we have a point system (not all states do). Furthermore, in some states it's legal to base insureance rates off of five years of tickets, and in others (like Colorado) insurance companies are only allowed to see the last three years of data (as I understand it).

So even though I had some tickets four years ago, when I've been calling around for quotes I sometimes answer "no" when they ask if I've had any tickets in the last five - after all, they are only allowed to know the last three years of data!! I'm still not sure if it's a good idea, so sometimes I do tell them about the tickets figuring that if I ever was in an accident they might be able to claim my not telling them about the tickets voided the policy.

Oct 3rd, 2002, 06:06 PM	#6
kgelner MINI2 Regular Join Date: Apr 2002 Location: Denver, Colorado, USA Local Time: 06:08 PM Posts: 166 Offline	Quote: The most annoying thing at present is that even though points are dropped off your licence after 4 years (used to be 3), insurance companies ask for "in the last _5_ years". Since they've got you by the proverbials you've no choice but to answer, even though your licence is "clean". Harrumph, Lee. [/b] I've wondered about that. In the state of the US where I live (Colorado), we have a point system (not all states do). Furthermore, in some states it's legal to base insureance rates off of five years of tickets, and in others (like Colorado) insurance companies are only allowed to see the last three years of data (as I understand it). So even though I had some tickets four years ago, when I've been calling around for quotes I sometimes answer "no" when they ask if I've had any tickets in the last five - after all, they are only allowed to know the last three years of data!! I'm still not sure if it's a good idea, so sometimes I do tell them about the tickets figuring that if I ever was in an accident they might be able to claim my not telling them about the tickets voided the policy. ---> Kendall