Higher Insurance Premium for GSD owners !

[codmaster]

Originally Posted by Caledon

Insurance is not fair. Premiums are based on a calculated risk which involve so many factors, which are never to the advantage of the individual policy holder.

If one breed is more likely to bite and cause damage, then the insurance companies need to protect themselves. I really don't blame them, but in a fair world there would be an additional premium for a dog, dogs, and type of dog.

And they really should add cats to that list too. A cat bite requires medical attention when the skin is broken.

Statistically speaking - do you really think that the number of cat bites and the resulting expense to the insurance company is relevant compared to the expense of dog bites?

"never to the advantage of the individual policy holder." - Of course they can be, depending on which group you are in. If you are a woman, wouldn't you enjoy the lower rates? Or if you own a poodle (I assume that these are less for this example) instead of a pit bull, wouldn't you enjoy having insurance and at a lower rate?

[codmaster]

Originally Posted by ahazra

The point I'm trying to make is why should an insurance company change premium based on the breed of a pet !

They do, because some breeds end up costing the insurance company more for claims. All based on the extensive statistics that the insurance companies keep and share among all companies. Some of them pay a lot more attention to the statistics than others do.

I completely understand if they have a higher premium for all pets (irrespective of breed). Isin't it similar to a situation where an automobile insurance company starts charging higher premiums for soccer moms or Asian drivers. That is just not right !! Of course it is "right" - why should I, as a member of a lower risk driver, pay higher rates because another group costs the company more? THAT is not fair!
NOTE: I'm not stating that soccer mom's or Asian drivers are bad/risky drivers..but there are articles in the net on this topic and I'm just trying to equate the two scenarios and drawing comparison how ridiculous the stance is for Insurance companies !
and oh Yes..I'm Asian !

You have the point of "Higher risk = higher pay"!

[Rerun]

We use state farm. They never even asked about dogs.

[fkeeley]

HMMM, i just got a new puppy but i'm not going to tell my insurance company about her. I mean, don't ask don't tell is my policy. Unless there is a risk of a dog biting (we live out in the country) why would they care what kind of dog i have? if i have the dog in my property safe and secured....UGH, hate insurance companies. So what's next? Higher premium because you own a gun or smoke or know karate???

[Jax's Mom]

Originally Posted by fkeeley

So what's next? Higher premium because you own a gun or smoke or know karate???

What? You don't? LOL
We pay higher premiums because we have hardwood floors. We WOULD have to pay extra if we smoked (don't want to burn down the expensive floors now).
You DO know 99.99% of fires are caused by flames hitting flamable things... if you have flames and flamable things in your house, you're just a walking insurance claim, sir