Go Back   EcoModder Forum > Off-Topic > The Lounge
Register Now
 Register Now
 


Reply  Post New Thread
 
Submit Tools LinkBack Thread Tools
Old 12-01-2013, 09:33 AM   #11 (permalink)
(:
 
Frank Lee's Avatar
 
Join Date: Jan 2008
Location: up north
Posts: 12,762

Blue - '93 Ford Tempo
Last 3: 27.29 mpg (US)

F150 - '94 Ford F150 XLT 4x4
90 day: 18.5 mpg (US)

Sport Coupe - '92 Ford Tempo GL
Last 3: 69.62 mpg (US)

ShWing! - '82 honda gold wing Interstate
90 day: 33.65 mpg (US)

Moon Unit - '98 Mercury Sable LX Wagon
90 day: 21.24 mpg (US)
Thanks: 1,585
Thanked 3,555 Times in 2,218 Posts
Who is usually the wealthiest guy in town? If your town doesn't have Oprah or an NFL player living in it, it's probably an insurance salesman.

__________________


  Reply With Quote
Alt Today
Popular topics

Other popular topics in this forum...

   
Old 12-01-2013, 01:58 PM   #12 (permalink)
The PRC.
 
Join Date: Oct 2009
Location: Elsewhere.
Posts: 5,304
Thanks: 285
Thanked 536 Times in 384 Posts
Compulsory insurance and strict enforcement has reduced insurance costs here in civilisation.

Plus of course removing the ambulance chasers...
__________________
[I]So long and thanks for all the fish.[/I]
  Reply With Quote
Old 12-01-2013, 02:16 PM   #13 (permalink)
...beats walking...
 
Join Date: Jul 2009
Location: .
Posts: 6,190
Thanks: 179
Thanked 1,525 Times in 1,126 Posts
...there are literally hundreds-of-thousands of "uninsured" drivers in USA, and a huge portion of them "...no habla englis..." because they're undocumented. But, likewise, there are many white-trash highway hogs who just love to live & drive life in the risky lane.
  Reply With Quote
Old 12-01-2013, 04:05 PM   #14 (permalink)
Master EcoModder
 
Join Date: Jun 2008
Location: Earth
Posts: 5,209
Thanks: 225
Thanked 811 Times in 594 Posts
Actually, the "ripoff" is C&C, not liability. Simple to get around that: just drive a car that you can pay cash for.
  Reply With Quote
Old 12-01-2013, 04:07 PM   #15 (permalink)
(:
 
Frank Lee's Avatar
 
Join Date: Jan 2008
Location: up north
Posts: 12,762

Blue - '93 Ford Tempo
Last 3: 27.29 mpg (US)

F150 - '94 Ford F150 XLT 4x4
90 day: 18.5 mpg (US)

Sport Coupe - '92 Ford Tempo GL
Last 3: 69.62 mpg (US)

ShWing! - '82 honda gold wing Interstate
90 day: 33.65 mpg (US)

Moon Unit - '98 Mercury Sable LX Wagon
90 day: 21.24 mpg (US)
Thanks: 1,585
Thanked 3,555 Times in 2,218 Posts
I disagree; I only carry liability on all my junk and I still consider it a rip-off especially when I figure my cents/mile costs.
__________________


  Reply With Quote
Old 12-01-2013, 07:25 PM   #16 (permalink)
Master EcoModder
 
IamIan's Avatar
 
Join Date: Dec 2010
Location: RI
Posts: 692
Thanks: 371
Thanked 227 Times in 140 Posts
Although the details vary from state to state.

A part that is sometimes missed is the source of the legally required financial coverage ( insurance ).

Technically in most places, paying ( monthly unending fees ) to a 3rd party insurance company ( Progressive or whoever ) is not the only legal option.

If you do the bond or cash deposit option. The con is the up front cost. The Pro is that it's a set finite sum of money. And , you can often cash it out if you latter cancel the policy ( getting most if not all of the initial invested funds back , maybe even some interest it earned over the years ).

Alternative Car Insurance | eHow

One of my professors in college said he took out a loan in order to get the start up funds needed for the required bond. He claimed the cost for the interest payments on the loan was less than what it would eventually cost him to pay an insurance company. He also repeated often how much he liked the idea of still owning the bond and being able to get his money back if he ever stopped driving and canceled the coverage.

On the other hand. It effectively means all payments come from you one way or the other. If it would have been your insurance companies $5k to fix the car ( or it was totaled ) now it's all your $5k. There would be no outside 3rd party to give you any money. So I guess it depends on the risk of accident frequency.

I can't afford a bond / deposit option at this time , or I'd do it.
  Reply With Quote
Old 12-01-2013, 11:33 PM   #17 (permalink)
Master EcoModder
 
Join Date: Sep 2009
Posts: 5,927
Thanks: 877
Thanked 2,024 Times in 1,304 Posts
My motorcycle insurance is 60% uninsured motorists coverage, but at just over $100 a year I guess I can handle that. No collision on my Fiesta. The wife's Sorento has $1000 deductible collision, which she has used one time in 24 years and my body shop buddy saved me the deductible.
I also carry comprehensive and highly recommend it, at least around here, where you can get hail damage, wind, floods, etc. My brother collected one comprehensive claim that paid 30 years worth of premiums and another that covered 250 years premiums. I call that cheap insurance.
For us the high deductible is a way to save a considerable portion of the annual cost of insurance. I think our total for everything except medical is $2500 a year, thats our home and 4 vehicles.

regards
Mech
  Reply With Quote
Old 12-02-2013, 11:59 AM   #18 (permalink)
Rat Racer
 
Fat Charlie's Avatar
 
Join Date: May 2011
Location: Route 16
Posts: 4,150

Al the Third, year four - '13 Honda Fit Base
Team Honda
90 day: 42.9 mpg (US)
Thanks: 1,784
Thanked 1,922 Times in 1,246 Posts
I live in New Hampshire- love it. I don't have to wear a seatbelt, and if I get a bike nobody's going to tell me I have to get a helmet.

Of course I do wear a seatbelt and have insurance. Just because nobody makes me doesn't mean they aren't worth it.
__________________

Quote:
Originally Posted by sheepdog44 View Post
Transmission type Efficiency
Manual neutral engine off.100% @MPG <----- Fun Fact.
Manual 1:1 gear ratio .......98%
CVT belt ............................88%
Automatic .........................86%

  Reply With Quote
Old 12-02-2013, 01:18 PM   #19 (permalink)
XYZ
Banned
 
Join Date: Jan 2013
Location: nowhere
Posts: 533
Thanks: 31
Thanked 86 Times in 69 Posts
Quote:
Originally Posted by jameskshaffer View Post
We all know that in the USA, driving without insurance is illegal (unless you live in New Hampshire, where you have the option to drive without auto insurance if you would like)

This article lets you know how you can get around those laws - How To Drive Without Auto Insurance And Not Get Caught

Still seems a little risky IMO.
The "article" is a sham. It's nothing more than a list of tips on safe driving. It's a hook to get you to buy the insurance they are pushing.

I notice you are in NY state. In that state you can't register a vehicle unless you buy insurance and show proof of it. Some people buy insurance then cancel it - but you still need to buy it first to deal with the DMV. Insurance polices are issued and renewed on a six month basis, which means you would constantly need to keep buying it and canceling it. If either your insurance company or the state finds out that you are doing that, they will give you a hard time.

You don't need insurance to drive a vehicle, meaning to be a licensed driver. You only need insurance if you register a vehicle, namely to obtain plates for it. Basic liability will suffice, but it's mandatory.
  Reply With Quote
Old 12-16-2013, 06:14 PM   #20 (permalink)
Master EcoModder
 
freebeard's Avatar
 
Join Date: Aug 2012
Location: northwest of normal
Posts: 27,561
Thanks: 7,736
Thanked 8,554 Times in 7,041 Posts
Like Old Mechanic, I pay extra so that other people can drive without insurance and not be a hazard to me.

OTOH, I passed on making a claim against an uninsured motorist because I don't want my rate going higher.


  Reply With Quote
Reply  Post New Thread


Tags
america, driving, insurance, insure, usa

Thread Tools




Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.5.2
All content copyright EcoModder.com