Wealthy insurance cheaters call their Porsches and Cadillac Sevilles "farm vehicles"


Yesterday I posted nauseatingly visual proof of why the rich don't deserve more tax cuts. Today I have more, via the L.A. Times.

It appears that some of the wealthier drivers among us are claiming their luxury-mobiles as-- wait for it-- farm equipment in order to get lower insurance premiums. Yes, they want insurance companies to believe that their Porsche Carrera, Mercedes, or BMW is being used to haul fertilizer to those corn and/or wheat fields between mansions, just to get a discount.

And who can blame them? Gas is expensive these days, and poor things gotta fill them gas-guzzling tractors convertibles.

Then, after a hard day's work, they roll their zippy little roadsters onto their shiny new car elevator, right next to their Caterpillar Cadillac, and press the up button to keep it safe and sound inside the villa where no dirty farm worker or gardener can get their grubby little hands on 'em.

It turns out that some drivers of these cars are perpetrating an insurance fraud — claiming them as farm equipment to harvest hefty discounts on insurance premiums. [...]

"Honest people end up subsidizing the insurance premiums of dishonest people," said Robert U'Ren, senior vice president of Quality Planning.

He said the improper application of the farm-use discount is a money-saving move that's done by both dishonest policyholders and insurance agents. It results in about $150 million of unpaid premiums annually.

So once again, we taxpayers are subsidizing those who continue to get breaks, while those who really need them are being forced to bear a burden that they can't afford, and that eventually could even do them in.


  • Anonymous

    That's the fault of the underwriter at the insurance company. Most likely put up to it by the insurance rep.

  • thats whacked! It might be a good argument if they actually lived on a farm, I'm sure there are farmers that claim a john deere that hasn't plowed a field in years too. I can let it slide if said perp actually had a farm, using the fancy car to go buy feed, you name it, then bring it back, makes it a farm vehicle, (in my mind anyhow) it doesn't really have to plow, the error is in how the law is written, of course politicians got their hand in it, bet on it. 

  • Marnie

    Farm equipment, livestock, and improvements, (fences, barns etc.) are depreciable.  So they eventually are free.

    Why do you think Duhbya bought a ranch?  For nearly a decade he could deduct huge amounts in investments in improving the ranch and in depreciation and use the ranch as a PR prop for his runs for the WH.  Plus he got to resell all the security and communications improvements the taxpayer gave him as POTUS.


  • This is absolutely ridiculous! I want to see a Porsche or a Cadillac used in the sowing or plowing of a field (or anything else farm related). I truly don't know why these types of stories surprise me. The Ultra-Rich have been getting away with defrauding the American people & businesses long before I was even thought of. This appears to be just one more way to avoid paying their fair share.

  • Del

    This is SERIOUSLY out of line!

  • AZalan

    Although, to be fair, it's not the taxpayers that subsidize these "farm vehicles", but other rule-abiding insured people. Don't get me wrong, the rich farts doing this are despicable. 

    Farm subsidies, on the other hand, are a real abuse that take money from the commons (e.g. http://www.hillbillyreport.org/tag/Farm%20Subsidies)