Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com - View Single Post - So what happens to insurance when you gain demerit points?

Matster · 05-26-2010, 10:24 AM

Years ago (early 80's), when I owned my last Camaro I accumulated 7 demerit points in about 4 months. 3 for get caught doing a burn out and 4 for speeding (2 tickets). I sold the car shortly there after to got back to school which was in the fall. The next spring I got a letter from the MTO requesting a personal interview and yes the insurance company did find out. They dropped me like a bad habit and was forced to go with a company that only offered facility rates. These are the companies that take the people no one else will insure. If memory serves me correctly, my rate went from about $450 a year to over $3000.

The other thing to keep in mind, when your policy renews you usually get an accompanying letter which basically place the onus on you to advise the insurance company of any changes in your information. Not sure if this includes tickets but it is their out. So if your in an accident and they start digging around and find out you had a number of tickets that they were not aware of, I think, don't quote me, that they can use this to deny any coverage.

05-26-2010, 10:24 AM	#10
Matster Drives: 2010 2SS/RS IOM/IOM #3625 Join Date: Jun 2008 Location: Greater Toronto Area Posts: 1,902 View My Garage	Years ago (early 80's), when I owned my last Camaro I accumulated 7 demerit points in about 4 months. 3 for get caught doing a burn out and 4 for speeding (2 tickets). I sold the car shortly there after to got back to school which was in the fall. The next spring I got a letter from the MTO requesting a personal interview and yes the insurance company did find out. They dropped me like a bad habit and was forced to go with a company that only offered facility rates. These are the companies that take the people no one else will insure. If memory serves me correctly, my rate went from about $450 a year to over $3000. The other thing to keep in mind, when your policy renews you usually get an accompanying letter which basically place the onus on you to advise the insurance company of any changes in your information. Not sure if this includes tickets but it is their out. So if your in an accident and they start digging around and find out you had a number of tickets that they were not aware of, I think, don't quote me, that they can use this to deny any coverage. __________________ 666 EVIL RWHP BUILT AND TUNED BY SHIFTED PERCEPTIONS INC.(SPi) 416 Forged Stroker, E-Force Supercharger, Blower Cam, Rotofab CAI, Stainless Works 2" LT Headers and 3" Exhaust, LPE ZR1 Twin Disc Clutch, DSS 1400 HP Axles, Pfadt Performance Kit Stage 3.