lets talk insurance

[san rensho]

THis is my philosophy on insurance. Get the highest uninsured motorist coverage available. In a catastrophic accident where you are not at fault, you cant rely on the other guy having good insurance, or any insurance at all. Insurance agents rarely push push high limit UM because the difference in premium is small and the risk the insurer assumes is huge. For example, 25/50 UM is around $120, while 1 million/ 1 million UM is around $290 for a 6 month policy. So for a little more than double the small premium, you get 20 times the coverage limits.

[TripleTrophy]

Here in Ontario, it seems $1200 +/- $100 is the going rate for insurance. My Mazda CX-5 (17,000 km / yr) is the most expensive (actually more than a BMW X-3 would have been) by about $100. The Porsche is about $1250 (7,000 km /year), the Ducati (7,000 km /yr) is about $1,100 along with the CTS (20,000 km / yr). All rated for driving to work as well as casual use. The Porsche will have a winter rebate after putting the coverage back on in spring. The cheap one is my '97 Triumph Trophy at $600/year, but it is more limited milage and no collision. It may be on the block to move way for the Boxster in the operating cost scheme of things.