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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