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Posted: 9/14/2004 5:44:58 PM EST
[Last Edit: 9/14/2004 5:46:30 PM EST by BeetleBailey]

I need to settle a bet, please assist. Thanks!

Link Posted: 9/14/2004 6:33:11 PM EST
[Last Edit: 9/14/2004 6:33:56 PM EST by billclo]
I have the high deductible, because if I have any accidents, my rates go up 40%. Wife had an 'act of God" type accident, one in which even an driving master couldn't have avoided. $2k damage to the car. Rates went up just enough that the company recouped nearly all of the $2k in increased premiums. So now we figure, screw it. Why have $a low deductible, if using it even once costs you $600 extra in premiums per year for the next 3 years? Might as well have the $500-1000 deductible, because you either pay it as deductible then they pay the rest PLUS 40% more for 3 years, or just eat it and save the money.

Link Posted: 9/14/2004 6:40:24 PM EST
$500


Now will you tell me what the bet was????
Link Posted: 9/14/2004 6:41:55 PM EST
$500.
Link Posted: 9/14/2004 6:47:25 PM EST
500
Link Posted: 9/14/2004 6:52:19 PM EST
Both of my cars are old now.

I just don't insure them anymore. Liability only.
Link Posted: 9/14/2004 6:53:58 PM EST
Link Posted: 9/14/2004 7:10:51 PM EST
[Last Edit: 9/14/2004 7:16:55 PM EST by Taxman]
$250 Im considering getting it lower I had to pay it the following times in the last year.

Busted windshield
Excursion backing into me and driving away
Attempted breakin at gunshow
Limbs from icestorm
accident

2 more accidnets on car with libality, 1 hit and run, 1 driver with no insurance.

Frogot to add I expect to have to use it again soon, I think either me or the car is cursed, nearly got hit 2 times since Sunday.
Link Posted: 9/14/2004 7:14:33 PM EST
$250
Link Posted: 9/14/2004 7:15:27 PM EST
[Last Edit: 9/14/2004 7:15:43 PM EST by ar50troll]
$250 Dodge Dakota 2001
$500 Dodge Viper 2002
Geico.
Link Posted: 9/14/2004 7:50:46 PM EST
$100
Link Posted: 9/14/2004 7:59:38 PM EST
500
Link Posted: 9/14/2004 8:05:19 PM EST
500
Link Posted: 9/14/2004 8:07:06 PM EST
I have a $100.00 for collision, and $0.00 (zero) deduct for comp
Link Posted: 9/14/2004 8:13:00 PM EST
Try insuring vehicles in TX. Have to make a deal with satan to get anywhere near decent rates. I'm sure there are a few other Texans that can vouch for this.
Link Posted: 9/14/2004 8:14:10 PM EST

Originally Posted By purplecheese:
Try insuring vehicles in TX. Have to make a deal with satan to get anywhere near decent rates. I'm sure there are a few other Texans that can vouch for this.


yup...
Link Posted: 9/14/2004 8:52:48 PM EST
$500
Link Posted: 9/15/2004 4:06:19 AM EST

Thanks for the info, guys
Link Posted: 9/15/2004 4:07:25 AM EST
Link Posted: 9/15/2004 4:17:29 AM EST
For the last 17 years, liability only. If I have an accident that is my fault, and the truck is totalled, take the tags and walk home.

You do know that "casualty loss" is deductableon your income taxes? Factor that into the equation, and your cost of insurance is huge.
Link Posted: 9/15/2004 4:40:55 AM EST
$1000. MI is very driver unfriendly as far as Auto Insurance. Anything under $1000 I'll pay for out of pocket. It would be cheaper in the long run than filing a claim and paying 50%+ higher rates for the next 7 years. I basically carry collision coverage to protect myself in the event of an accident that totals the vehicle.

Auto insurance in MI is a total rip-off.
Link Posted: 9/15/2004 4:48:29 AM EST
$500.
Link Posted: 9/15/2004 4:49:19 AM EST
Liabilty only on our car and truck, it was $500 when we had full coverage.
We do have $500 on the Harley though.
Link Posted: 9/15/2004 4:50:12 AM EST
So far mine has paid approx 6500 out to me this year.
Link Posted: 9/15/2004 4:52:02 AM EST
i don't carry collision insurance because my car is worth approximately bupkus
Link Posted: 9/15/2004 4:54:18 AM EST

Originally Posted By ar-wrench:
For the last 17 years, liability only. If I have an accident that is my fault, and the truck is totalled, take the tags and walk home.

You do know that "casualty loss" is deductableon your income taxes? Factor that into the equation, and your cost of insurance is huge.



Are you serious?
Link Posted: 9/15/2004 5:01:43 AM EST

Originally Posted By BeetleBailey:

Originally Posted By ar-wrench:
For the last 17 years, liability only. If I have an accident that is my fault, and the truck is totalled, take the tags and walk home.

You do know that "casualty loss" is deductableon your income taxes? Factor that into the equation, and your cost of insurance is huge.



Are you serious?



Yes, pull out your income tax instructions. You have to itemize to do it.

Next to banks, insurance is the biggest scam going.
Link Posted: 9/15/2004 5:14:26 AM EST
depends on the type of claim

$100.00 for act of nature/god type accidents (I hit a raccoon, for example)
$500.00 if I run into someone
Link Posted: 9/15/2004 5:58:42 AM EST
$500
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