Thread: Insurance Costs
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Old 02-22-2007, 11:30 AM   #11
Perfectlap
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Join Date: Nov 2004
Location: New Jersey
Posts: 8,709
you guys and your dirt cheap insurance. Come to Jersey we have had the highest rates for years. More bloody cars than people! $900 smackers every six months.

I could have bought this car as early as ten years ago as I had no wife,kids or obligations of any sort and a very high personal income relative to the national average(according to my tax preparer).
But the dang insurance was liking making payments on two cars!
Was quoted $4,500 a year at one point.
I finally relented after i realized no matter what car I drove I would be shelling
out at least $2,000 a year. I was spending more on insurance than the cars were worth. Sold my old Miata for $8K after spending $10K on insurance.
So I figure if I'm going to be paying those rates I might as well get a fancy German car.
Luckily at this point I was on my 11th consecutive year of no points or accidents so I'm down to $1,800 per year with a $1,000 deductible and threshold limit on how much I can sue for if someone gets into me with their stupid SUV.

Hopefully this year I will change my car's title into my company's name and be able to write off some money.
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