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#22
11-01-2007, 01:49 AM
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Re: Car Insurance Thread
[ QUOTE ]
I pay between $5500-5700/year. Moderate driving record. I get 1-2 speeding tickets a year but no claims ever. [/ QUOTE ] can i borrow your lamborghini sometime? 
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#23
11-01-2007, 02:20 PM
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Re: Car Insurance Thread
[ QUOTE ]
[ QUOTE ] I pay between $5500-5700/year. Moderate driving record. I get 1-2 speeding tickets a year but no claims ever. [/ QUOTE ] can i borrow your lamborghini before you total it for the 9th time? [/ QUOTE ] 1 speeding ticket, 27 y/o, minimum coverages, $900/year
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#24
11-01-2007, 03:31 PM
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Re: Car Insurance Thread
[ QUOTE ]
Yeah, that another one of the problems, the insurance knows the exact coverage people are required to have, so that is expensive, but adding more to it really doesnt add much more in cost, so I generally get better than the minimum, as I believe my benefits are double the minimum and it made my yearly premium go up like 10% or so. [/ QUOTE ] The minimum coverage in most states is pretty low. If you have a decent amount of assets you should look into an umbrella policy. I think in my state I am only required to have like $50K in coverage for bodily injury. So if I really hurt someone in a car accident that $50K is going to be gone quickly in medical bills. Then I become personally liable. That is where the umbrella policy kicks in and covers me an additional $1M. It is an umbrella in that it is over my auto and homeowners policies. Granted I had to up my coverage beyond the state minimums in order to get the umbrella, but the peace of mind is worth it if you have assets that you want to protect.
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#25
11-01-2007, 04:14 PM
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Re: Car Insurance Thread
[ QUOTE ]
I pay between $5500-5700/year. Moderate driving record. I get 1-2 speeding tickets a year but no claims ever. [/ QUOTE ] I dunno $460 per month seems like a reasonable rate to me. [img]/images/graemlins/ooo.gif[/img] kthxbai
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#26
11-02-2007, 12:16 AM
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Re: Car Insurance Thread
I'm a 26 year old male, living in Victoria, Australia, and have insurance with CGU.
I pay $A32.66 a month, or $A195/6 months. That works out to be $US170 or so, depending on exchange rates. I drive a 2001 6-cylinder Toyota Avalon, CSX Sports Pack, and I have comprehensive insurance for its market value (prob $A12k or so) The basic excess is $450, with an additional excess for young/new drivers. Included in my $32 a month is a little extra for their "windshield" protection, so if a window/screen is smashed, they repair it with no excess. On Christmas Day last year, a window was smashed (by a thief) and they arranged for someone to come out and fix it, with no transaction involving me (ie, they paid directly). I think they're awesome. They allow me to remove variance from my car costs.
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#30
11-02-2007, 03:50 PM
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Re: Car Insurance Thread
[ QUOTE ]
Joker, You're wrong. Neither you nor the insurance company are betting on anything. You are trading volatility. [/ QUOTE ]  
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