posted on Oct, 12 2017 @ 11:16 AM
a reply to: Bluntone22
What gets me is how ridiculous the car insurance premiums are nowadays.
I don't know how many people have noticed but about 10 years ago the 1-year policy was still the norm. I used to pay about $350/yr for insurance then
the insurance companies started having price wars and at the same time during these price campaigns they started advertising "lower" premiums.
Turns out they were really just a little less say $295 instead of the $350 (for example only, I don't have actual facts on hand here). The kicker was
that they started a shift toward a 6-month policy, which ultimately came up to be more than a single 1yr had been and the rates have steadily
increased each year. I pay about $2k /year in insurance here in WA state on a premium for a couple of cars.
None of my cars is newer than 2006 and I could replace one pretty easily for the same that I pay in insurance. I would hate to see what the $49k
truck insurance (as required by the bank/lenders while the title is in their possession) would be for that. Remember, the base price is just that and
then there is the insurance, taxes, registration and all of the other expenses like maintenance that go with it. Not sure I would want to drive
something that costs more than the balance on my mortgage. Seems insane to me.
edit on 12-10-2017 by evc1shop because: remove wall of text