How To Not Save A Lot Of Money On Car Insurance

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New York Times:
Teenagers everywhere: Break every rule of car insurance thriftiness and you might just give your mother the most flabbergasting phone call of her life. From the Edmonton Journal:

Barbara Wellensiek knew her son’s insurance bill would be steep because of his driving record, but when the renewal notice arrived she was shocked to see the annual premium was $104,566.63.

‘I thought it was a typo,’ Wellensiek said today. ‘I didn’t panic - I thought it was a mistake.’

It wasn’t. With 10 speeding tickets, 2 license suspensions and 3 accidents by the tender age of 19, the young man had found a way to get the provincial government’s rate calculator to spit out its ‘maximum allowable charge,’ although a slightly lower one was quoted.

In that price range, not even the most famous gecko in the industry can do much to save the youngster. The ‘load of money’ the ads say he could get ‘by switching to Geico‘ would be little more than a rounding error - an estimated $500.

Not that the difference would matter much to one group that’s both bad enough at driving to earn jail time yet rich enough to pay the insurance. But let’s not get into another debate about celebrity justice.

His mother ended up securing a considerably lower quote from another insurer - half price, in fact - but $50,000 a year was still far too much to pay to get Teen McQueen back on the road. With the understanding that only a mother could summon, Mrs. Wellensiek held out hope: ‘If he can’t drive, I’m sure he’ll accept it.’

 

Also read:

  • How To Save Money On Car Insurance?
  • Cut Your Car Insurance Premiums
  • Shop Around For Cheap Motor Insurance
  • 10 Ways To Save On Car Insurance
  • Can I Buy Auto Insurance Online?
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    One Comment

    1. 1

      Olá Cris,

      Hoje venho para lhe pedir o seu voto para me ajudar a tentar ganhar o concurso que está a decorrer no blog do custódio.
      Para tal basta comentar o meu post: “Quem Foi?” que é logo o primeiro da lista.

      o link é este:
      http://dinheirooportunidade.com/

      Posso contar contigo?
      Um abraço da Daniela

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