| Today I'm looking for new car insurance for D. His current insurance expires approximately today, and it sucks, so something has to be done about it. When he lived in NC he paid something like $400 A YEAR for car insurance, so when we moved here he stayed with the same company after making the reasonable assumption that if they were that cheap there, they had to be pretty cheap here. Sadly, that wasn't the case - his insurance was something like $700 for SIX MONTHS. It doesn't sound all that bad until you consider that's for the minimum coverage on a 1993 honda civic that's about 500 miles from death. We just assumed that was the price to pay for city living, until I transferred my insurance and paid $550 for excellent coverage on a newer civic in considerably better shape. Then we had one of those 'crap, guess we got shafted' moments.
Thus, I've been gathering online quotes and I did the quote for progressive - the company whose big gimmick is that they'll provide you with quotes from their competitors too! For free! I got the quote and looked at the competing rates - and I was thoroughly surprised. It seems like it would only be a good idea to offer other people's rates if, you know, yours were going to be lower. However, when compared to 5 other companies, progressive costs at least $130 more and up to $509 more - and that's if you only have average credit. So what could be the rationale behind this apparently self-defeating business decision? Is it possibly that somehow, for someone, they could be more affordable? Perhaps the problem is the near-death civic; if they only insure brand new BMWs I could conceivably see how their rates would be higher. Even so, would they be cheaper for said BMWs? I was an economics major in college, which makes me a big dorky mcdork dork who finds stuff like this really interesting. I'm tempted to run through the quote-bot with different kinds of cars, but I've got better things to do. Still - FIVE HUNDRED AND NINE dollars. That's INSANE. |
0 Comments:
Post a Comment
<< Home