The Ford Barn

19Fordy · 04-30-2020, 10:10 AM

I just received $29 rebate from Allstate on my daily driver 2019 vehicle premium due to less traveling during COVID war.

I then asked JC Taylor if they would be doing the same since so many car events and local meets have been cancelled throughout the country. Hence, folks are driving less and accident risk is lessening. Here's the JC Taylor reply:

"While we understand that many folks are at home and not driving as much right now, our program is set up with the understanding that the vehicles we insure are for very limited use in the first place. They are not driven on a regular or daily basis, so our extremely low rates already reflect that they spend most of their lives in the garage. Furthermore, unlike a normal car policy, we actually write agreed value policies to protect the vehicles for their fully insured values while they are in storage. We hope that you and your family are all safe and healthy at this uncertain time."

I replied as follows:
"Thank you for your reply.
I was hoping for better news.
JC Taylor will have a very profitable year in 2020 as the actuarial tables for low mileage drivers and vehicles safely garaged will , no doubt, produce higher profits."

Am I wrong?

04-30-2020, 10:10 AM	#1
19Fordy Senior Member Join Date: May 2010 Location: Coral Springs FL Posts: 11,916	Old Car Insurance Premium Reduction ? I just received $29 rebate from Allstate on my daily driver 2019 vehicle premium due to less traveling during COVID war. I then asked JC Taylor if they would be doing the same since so many car events and local meets have been cancelled throughout the country. Hence, folks are driving less and accident risk is lessening. Here's the JC Taylor reply: "While we understand that many folks are at home and not driving as much right now, our program is set up with the understanding that the vehicles we insure are for very limited use in the first place. They are not driven on a regular or daily basis, so our extremely low rates already reflect that they spend most of their lives in the garage. Furthermore, unlike a normal car policy, we actually write agreed value policies to protect the vehicles for their fully insured values while they are in storage. We hope that you and your family are all safe and healthy at this uncertain time." I replied as follows: "Thank you for your reply. I was hoping for better news. JC Taylor will have a very profitable year in 2020 as the actuarial tables for low mileage drivers and vehicles safely garaged will , no doubt, produce higher profits." Am I wrong?