Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site othervax.UUCP Path: utzoo!watmath!clyde!bonnie!akgua!sdcsvax!dcdwest!ittvax!decvax!mcnc!philabs!micomvax!othervax!m2002cl From: m2002cl@othervax.UUCP Newsgroups: net.auto Subject: Re: High Insurance Cost Message-ID: <325@othervax.UUCP> Date: Thu, 27-Sep-84 08:58:06 EDT Article-I.D.: othervax.325 Posted: Thu Sep 27 08:58:06 1984 Date-Received: Sun, 30-Sep-84 04:23:56 EDT References: <513@nmtvax.UUCP> Organization: Micom Co., Montreal Canada Lines: 25 <..> Most of that $700 that you are paying for insurance is for third party damage should you have an accident and cause some poor Joe to wrap his car and himself around a tree. I strongly suspect that for a car of $1000 value they (the insurance people) are not too worried about what you might do to it yourself. I would think that if you did any major damage to your car they would just scrap it (with compensation of course) instead of trying to fix it. However, if you were involved in an accident (and you were to blame) and you wrote off some other guy's $15,000 car, the insurance company would be footing the bill. It doesn't really surprise me that your insurance is so high, considering that you are young (under 25!), are driving a sports car, and have already had one accident. I don't think that $700 is overly expensive when all the above is considered, and I have seen rates *much* higher than that for people older, wiser etc. cheers, Scott Pace